HOA Continued

My last post discussed how the economy was affecting Home Owner Association (HOA) fees.  I had never thought much about then since coming from the midwest most HOA’s are relatively cheap and don’t really make much of a difference in the purchasing of a home.

 Not so much here in sunny So Cal.  Here are some listings and you can see just how much a month will be tacked on to the monthly expenses due to the HOA fees. (note:  all dues are estimated based of MLS listings and are based on an approximate range)

25402 Gallup Cir
4 beds / 5 baths / 5,000 Sq Ft
Listed For:  $1,999,000
Neighborhood:Nellie Gail
HOA Range:  $75-115

24706 Monte Royale St
4 beds / 3 baths / 4,100 Sq Ft
Price:  $999,000
Neighborhood:  Brighton Ridge
HOA:  $70

Those are the single family homes so they are smaller fees each month since you’re responsible to cut your own lawn, etc.  But in a shared area like condo/townhome owners the price is much higher.

26038 Sunnyglen Ave
3 beds / 4 baths / 1,800 Sq Ft
Listed For:  $375,000
HOA Range:  $255-285

26532 Merienda
2 beds / 1 bath / 1,125 Sq Ft
Listed For:  $435,000
HOA:  $240