Sunday, May 18, 2008

Condos Oxford MS ---Parent's Guide to Oxford MS Condos

Recently, my teammates and I came up with a very informative report regarding Townhomes and Condos in Oxford, MS. The report informs potential buyers about average asking price, an average monthly mortgage payment, and what you could rent each bedroom for. Condos in Oxford, MS have become more and more popular as students choose to attend the University of Mississippi.

Parents’ Guide to the Oxford Condo Market

All mortgage payments are based on 100% financing with an adjustable, in-house bank loan, fixed for 5 years at 5.5%, amortized over 30 years. If you think you will keep the condo for more then 5 years, you will want to consider getting a conventional fixed rate mortgage or paying cash if you prefer. The mortgage payment number represents principle and interest only, which does not include taxes and insurance.


Fallsgrove



($550 per bedroom, per month)
Average Price
3 BR
$218,000
Monthly Mortgage Payment
3 BR
$1,237

Aspen Ridge Townhomes



($425 per bedroom, per month)
Average Price
2 BR 3 BR 4 BR
$175,000 $180,000 $218,000
Monthly Mortgage Payment
2 BR 3 BR 4 BR
$993 $1,022 $1,237


Esplanade Ridge




($500 per BR, per month)
Average Price
2 BR 3 BR
$165,000 $205,000
Monthly Mortgage Payment
2 BR 3 BR
$936 $1,163

The Retreat at Wellsgate



($400 per bedroom, per month)
Average Price
3 BR
$198,000
Monthly Mortgage Payment
3 BR
$1,124

Calton Hill




($450 per bedroom, per month)
Average Price
2 BR 3 BR
$156,000 $182,000
Monthly Mortgage Payment
2 BR 3 BR
$885 $1,033

Oakshire



($425 per bedroom, per month)
Average Price
3 BR
$179,000
Monthly Mortgage Payment
3 BR
$1,016

The Enclave



($450 per bedroom, per month)
Average Price
3 BR
$169,900
Monthly Mortgage Payment
3 BR
$946

Autumn Ridge Townhomes




($400 per bedroom, per month)
Average Price
2 BR 3 BR
$158,000 $160,000
Monthly Mortgage Payment
2 BR 3 BR
$897 $908

High Pointe Condominiums*



($400 per bedroom, per month)
Average Price
2 BR 3 BR
$126,000 $158,000
Monthly Mortgage Payment
2 BR 3 BR
$715 $897

Turnberry Condominiums**



($425 per bedroom, per month)
Average Price
3 BR
$155,000
Monthly Mortgage Payment
3 BR
$880

The Soleil



($400 per bedroom, per month)
Average Price
3 BR
$150,000
Monthly Mortgage Payment
3 BR
$851

Harris Grove



($400 per bedroom, per month)
Average Price
2 BR 3 BR
$122,500 $140,000
Monthly Mortgage Payment
2 BR 3 BR
$695 $794

SouthPointe Townhomes




($375 per bedroom, per month)
Average Price
2 BR 3 BR
$119,900 $139,900
Monthly Mortgage Payment
2 BR 3 BR
$680 $794

Sage Meadow



($385 per bedroom, per month)
Average Price
2 BR 3 BR
$125,000 $130,000
Monthly Mortgage Payment
2 BR 3 BR
$709 $738

Edinburgh Place*



($425 per bedroom, per month)
Average Price
2 BR
$123,000
Monthly Mortgage Payment
2 BR
$698

The Mark*



($350 per bedroom, per month)
Average Price
2 BR
$97,000
Monthly Mortgage Payment
2 BR
$551

P.S. Feel free to call or email me with any questions or to set up a visit!

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