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!
13689 Winstanley Back on Market
by Jim the Realtor | Apr 12, 2020 | Bubbleinfo TV, Carmel Valley, Jim's Take on the Market, Thinking of Selling?, Why You Should List With Jim | 2 comments
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?
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