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HomeMy WebLinkAboutHome Value and Refinance Calculations ' 1 Arroyo Grande Inclusionary Housing Program Home Value and Refinance Calculations Today's Date: 3/20/07 Owner(s): Alfonso and Alejandra Vargas Maximum Sales Price: $342,478 Address: 252 Courtland Street Maximum Debt: $325,354 Arroyo Grande, CA 93420 These figures wiill change after 6/9/07 Phone: (805) 478-8698 email: A.Vargas@a,SBCSocialServ.org Bedrooms: 3 Bathrooms: 2 Purchase Price: $315,255 Purchase Date: 2/25/2005 - Starting Index: 2004 3Qr released 12/1/04 Indexed Value & Maximum Debt Calculations Housing Maximum Date Price Change in 50% of Indexed Debt Reporting Period Issued Index HPI Change Home Value (95%) 2004 3Qr 12/1/04 264.90 0.00% 0.00% $315,255 $299,492 2004 4Qr 3/1/05 271.59 2.53% 1.26% $319,236 $303,274 2005 1Qr 6/1/05 284.92 7.56% 3.78% $327,168 $310,809 2005 2Qr 9/1/05 297.02 12.13% 6.06% $334,368 $317,649 2005 3Qr 12/1/05 307.27 15.99% 8.00% $340,467 $323,444 2005 4Qr 3/1/06 317.23 19.75% 9.88% $346,394 $329,074 2006 1Qr 6/1/06 324.55 22.52% 11.26% $350,749 $333,212 2006 2Qr 9/1/06 321.03 21.19% 10.59% $348,655 $331,222 2006 3Qr 12/1/06 317.51 19.86% 9.93% $346,560 $329,232 2006 4Qr 3/1/07 310.65 17.27% 8.64% $342,478 $325,354 Based on the House Price Index(HPI)of the Office of Federal Housing Enterprise Oversight(OFHEO). For additional information go to: www.ofheo.gov/HPI.asp Lender: Angelo Firm: Wells Fargo