Home Buying Essay Example | Topics and Well Written Essays - 1750 words

Home Buying - Essay ExampleIt possesses a momentous inheritance being built in the 1976 but comprise almost every benefit of a modern font set up. It has been built on a green goddess of acres as a 1,520 squ be foot condominium with 3 bedrooms and 3 full baths (Weichert, Condo for trade in Northridge, CA). A) The Area 1) Online Statistics a) Crime fit in to the recent crime statistics presented by the Los Angeles Police Department the frequency of crimes have reduced significantly. However, in the period situation the property crimes such as, theft have increased to a certain extent (Lapdonline, western United States Los Angeles Area Profile Los Angeles Times, Northridge). b) Sexual Offenders There were ten sexual offences recorded in recent days in various parts of Northridge which can also be recognized as the neighborhood demesne of Rinaldi Street (Office of the Attorney General, In Violation). c) Density According to the Census 2000, the neighborhood plain of the selec ted house/condo is populated with a total number of 28,049 people (U.S. Census Bureau, Fact Sheet). Thus, the area is not densely populated.... According to the regulations prescribed the area is prohibited to be used for commercial purpose. The residents are also not allowed to have equine(s) in a peck area which is less than 20,000 square feet. Moreover, change magnitude the building over two storeys is also prohibited. However, the selected condo includes itself in the RD2 zone (American Legal Publishing Corporation, municipal law, Chapter I (Planning And Zoning Code).). b) Walkability Ratings On an average the area ranks 65 out of 100 in call of Walkability. This depicts that the area is to certain extent walkable (Walk Score, 19551 Rinaldi Street Northridge CA 91326). c) Rapid Transportation The residents in the selected area revere rapid transport facilities with the transportation options available in terms of owned cars, rail roads, buses, taxis and others. The resident s in the lot area also gain the benefit of various recreation centers in the walkable area (City Data, 91326 Zip Code Detailed Profile). B) The House/Condo 1) Selling Price of Neighborhood Houses The houses/condos located in the lot area, i.e. Northridge, 91326 and possessing almost similar characteristics to that of 19551 has been recorded to have an average selling price of $300,000 (Home Insight, Historical Sales Results). The graph represented below shall unambiguously depict the sale prices of the neighborhood condos possessing similar features. Map Address SalePrice CloseDate Bed Bath Sq.Ft. Yr.Built 1 19547 Rinaldi St $360,000 04/07/2010 3 3 1520 1976 2 19561 Rinaldi St $320,000 03/02/2010 3 2 1404 1976 3 19569 Rinaldi St $445,770 02/04/2010 4 3 1637 1976 4 19527