Ruth, Home Buyer in Philadelphia, PA

What is the monthly homeowners fee for this condo?

Asked by Ruth, Philadelphia, PA Sun Jan 5, 2014

This question was asked from http://www.trulia.com/property/3099571110-7301-Coventry-Ave-…

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3
It is $1415.00 per month it covers water sewer interior and exterior maintenance heat hot water parking security pool insurance for the building although you would need insurance for your contents
Dennis Conwell
Berkshire Hathaway Home Services
Fox Roach Realtors
215-272-0360 cell
215-440-2085 office
0 votes Thank Flag Link Sun Jan 5, 2014
Hi Ruth,

For that particular property the monthly home owners fee is $1415. There are a few properties in that complex that we can look at.

This property is a CO-OP property which means it is a legal entity, usually a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure. Housing cooperatives are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family ownership, condominiums and renting.

Another key element is that the members, through their elected representatives, screen and select who may live in the cooperative, unlike any other form of home ownership.[1] Housing cooperatives fall into two general tenure categories: non-ownership (referred to as non-equity or continuing) and ownership (referred to as equity or strata). In non-equity cooperatives, occupancy rights are sometimes granted subject to an occupancy agreement, which is similar to a lease. In equity cooperatives, occupancy rights are sometimes granted by way of the purchase agreements and legal instruments registered on the title. The corporation's articles of incorporation and bylaws as well as occupancy agreement specifies the cooperative's rules.

Let me know if you would like to get inside this property this week!

Jon Unrath
Weichert Realtors Media
267 968 1505
There is no fee for using my professional services.
JUnrath12@comcast.net
0 votes Thank Flag Link Sun Jan 5, 2014
Hi Ruth,

I researched the property and the monthly homeowner's fee is 1,202.00. If you have any questions or if you would like to go see the property, feel free to contact me at victoria@themackgroup.org or 267-918-6322.

Victoria Mack
The Mack Group
Keller Williams Real Estate - Media
1400 N. Providence Rd, Building II, Suite 1000
Media, PA 19063

Office: 610-565-1995
Cell: 267-918-6322
Website: http://www.themackgroup.org
0 votes Thank Flag Link Sun Jan 5, 2014
Thank you! That is helpful.
Flag Sun Jan 5, 2014
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