Home Buying in Boca Raton>Question Details

i7442, Home Buyer in Boca Raton, FL

what is the hoa fee per month on this property?

Asked by i7442, Boca Raton, FL Sun Jan 20, 2013

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This question was asked from this property: http://www.trulia.com/property/3092966112-6636-NW-23rd-Ter-B…

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This Boca Raton home in Broken Sound Country Club has an HOA monthly fee of $390. However, that covers only common area maintenance and the guard gate. If you wish to participate in the country club at Broken Sound, you will have to pay the upfront equity fee of $55,000 and yearly dues from $8000 to $15,000 or more, depending upon whether you choose a golf or social membership.

You do not have a choice whether or not to join the country club. Membership is mandatory and must be paid in cash at closing. Country Club equity membership fees cannot be put into a mortgage.

If you are looking for a country club in Boca Raton, then you will enjoy Broken Sound and the home is very well priced. However, if you are looking for a single family home in a gated community, you will need to consider a higher price range.

If you come across a listing for a below market-priced home in great condition in a gated community in Boca Raton, then the chances are 99% that it is within a Boca country club community. Because fewer people can afford the equity fees and yearly dues, prices for country club homes in Boca Raton have dropped a great deal. Unfortunately, the listings often do not make it clear that these homes in Boca are in country club communities.

Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
JablonTeam@gmail.com
561-213-6139
http://www.JablonTeam.com
0 votes Thank Flag Link Sun Jan 20, 2013
This property has actually been lowered in price to $149,000. HOA fees are $390 per month and this property is located in Broken Sound which carries a mandatory membership equity that must be purchased w/ the house of $53,000. If you have any further questions on this or other properties you can contact me anytime at (561)441-5978 or troy@salvorealestate.net. Hope this information helps.
0 votes Thank Flag Link Sun Jan 20, 2013
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