Hey, the 2009 US News and World Report High School rankings came out!
I figured I’d use this opportunity to follow up on this older entry:
Jericho High School – Competitor to Monta Vista, Cupertino, and Lynbrook? | SF Bay Area Home Price and Mortgage Insanity Blog – Burbed.com
Please read it first for background information on how this eww York (pinches nose) school is trying to beat Monta Vista.
Ok, let’s look at this year’s rankings:
38 Jericho Jericho N.Y.
140 Monta Vista Cupertino Calif.
Oh cool. The gap has narrowed. Now they are down to just 102 schools versus 127! Now, let’s look at the most important aspect: House prices.
According to Redfin, the median sales price for houses in Cupertino was a healthy $975,000. So let’s take a look at a house near that price:
21675 OLIVE Ave, Cupertino, CA 95014 | MLS# 80919151
21675 OLIVE Ave Cupertino, CA 95014
Sq. Ft.: 1,628
$/Sq. Ft.: $602
Lot Size: 5,335 Sq. Ft.
Property Type: Detached Single Family
Year Built: 1944
County: Santa Clara
On Redfin: 106 days
CLOSE TO EXCELLENT SCHOOLS-LINCOLN ELEMENTARY, KENNEDY MIDDLE, MONTE VISTA HIGH. PEACEFUL CU-DE-SAC LOCATION W/ GOOD NEIGHBORHOOD, 2 MASTER SUITES, NICE BATHRMS & COZY DINING OFF KITCHEN, EUROPEAN STYLE KITCHEN W/ GRANITE SLAB COUNTERTOPS, HRDWD FLOORS THROUGHOUT, DUAL PANE WINDOWS, RECESSED LIGHTING, SPACIOUS & PRIVATE BACKYARD SETTING.
Nice nice nice. $602 per square foot is a bit low, but the lack of interior pics really helps make this house more Real Bay Area. I don’t really see how it is in a cul-de-sac, but let’s just go with it anyway.
Now, let’s look at the challenger:
MLSLI.com – Long Island Real Estate – Find A Home in Nassau, Suffolk & Queens
JERICHO, NY 11753
List Price: $935,000
SEC/AREA: West Birchwood
Colonial, Detached, # Families: 1
10.0 rooms, 5 Bedrooms , 2 Full Baths , 1 Half Baths
School District: Jericho
Year Built: 1961
Lot Size: 82 X 125 (10250)
Mint Condition Center Hall Expanded Colonial In West Birchwood. Updated Kitchen With Beautiful Wood Cabinetry, Granite Counter Tops, Top Quality Appliances (Bosche,Russel). Kitchen Opens To Den With Floor To Ceiling Brick Fireplace Wall.All New Windows,Pella With Interior Shades Or Marvin.Built In Oak Library.Great Home In Interior Location.Jericho School District.
Unfortunately, New York real estate listings don’t show the square footage of the house, but I’m going to guess that with 5 bedrooms, 2.5 baths, it’s going to be a little larger than the house in Cupertino. The fact that the lot is twice as large is also a hint.
But just look at all those photos – can you smell the desperation? It’s practically begging people to buy it – those poor poor houses.
Let’s face it, the house is shockingly cheap. It’s even got a built in oak library! Everyone in California knows that libraries are unnecessary – I get all my information from the wikipedia. Don’t you?
But most importantly, let’s look at the elephant in the room: the property tax. New Yorkers aren’t smart enough to give themselves Prop 13 – so every year that tax is going to soar. 40 years from now, in 2048, when you pay off your mortgage – you will be paying just $21k a year in property tax if you bought the Cupertino house. If you buy the Jericho house? $70k a year.
Will your children still be going to school? Of course not. Will their children? Who cares! You’ll be able to reap the benefits of other people’s eagerness to get into districts with good schools with your sustained housing price, and they can pay for it. After all, you helped to establish the community.
So once again, Monta Vista wins by a landslide.