Written by Jim the Realtor

April 12, 2020

Our new listing fell out of escrow, which deserves an explanation these days – and more support! Two showings set up for this afternoon – Happy Easter!

2 Comments

  1. Rob_Dawg

    You nailed it in your commentary. The buyers think it will be cheaper later.

    You are so right about a decent lot size. “Blue sky instead of stucco.” I’m stealing that. Out of curiosity, what are the respective Mello-Roos/HOA fees?

  2. Jim the Realtor

    Out of curiosity, what are the respective Mello-Roos/HOA fees?

    I’m glad you asked!

    My listing has a $74/mo HOA fee, and the Mello-Roos is $1,244 per year until April, 2027. Mello-Roos doesn’t last forever!

    The main competition is from the brand-new, and newer tracts at Pacific Highlands Ranch (which is twice as far away from the freeway). The HOA fee is around $200 per month for a nice clubhouse and resort-like pool area with cabanas, and their Mello-Roos range from $5,000 to $7,000 per year and last for 40 years. Buried deep into the fine print is the ability for the M-R to go up 2% per year – if buyers do catch it, the salespeople are happy to note that it hasn’t gone up yet!

    Let’s say they do invoke an increase of 2% per year to 2027. What’s the impact?

    Using this non-view house as an example, here’s the Mello-Roos comparison for 2027:

    The new house in PHR: $7,039 per year
    My listing: Zero

Klinge Realty Group - Compass

Jim Klinge
Klinge Realty Group

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