Property Q&A in Bala Cynwyd>Question Details

Shohreh.amini, Home Buyer in Bala Cynwyd, PA

How much is the monthly condo fee?

Asked by Shohreh.amini, Bala Cynwyd, PA Sun Jan 1, 2012

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This is a co op and the monthly fee is $1348 which includes all real estate taxes, utilities, maintenance, basic cable, swimming pool, community room, 24/7 doorman.
0 votes Thank Flag Link Mon Jan 2, 2012
This is a co op and the monthly fee is $1348 which includes all real estate taxes, utilities, maintenance, basic cable, swimming pool, community room, 24/7 doorman.
0 votes Thank Flag Link Mon Jan 2, 2012
A co-op is a residential multiunit building whose title is held by a trust or corporation that is owned by and operated for the benefit of the people living in the building. They are the beneficial owners of the trust and stockholders of the corporation. They each possess a 'proprietary lease' given by the corporation that owns the building to the shareholder for their right as a tenant to an individual apartment. As Eric said, there is no deed (document that conveys title to or an interest in real estate).

Hope this is helpful.
Gwen Janicki
Prudential Fox & Roach
610 207-3995
0 votes Thank Flag Link Sun Jan 1, 2012
Hi,
I answered your previous question that you had about a condo. I would be happy to talk to you further about other condos in the area. My practice is mainly in lower merion and my office is in Bryn Mawr.
You can search on my website and it might help.. http://www.jamiemossrealtor.com
0 votes Thank Flag Link Sun Jan 1, 2012
Hi Shohreh,

This is not a condo, it is a co-op. The co-op fee is $1,386/mo. Below is a further explanation. If you need help deciphering between a condo and a co-op, why don't you come in for a consultation?

"The Trianon is a Co-op, monthly association fee includes maintenance, all taxes, all utilities, snow and trash removal, one cable box with HBO and On Demand, insurance, pool membership, storage locker in basement, and use of party room. With a Co-op there is no deed or title insurance. $3500 fee at interview, and $500… fee at closing."

Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
215.735.2225 office
856.617.1212 mobile
axelson@kurfiss.com
Web Reference: http://kurfiss.com
0 votes Thank Flag Link Sun Jan 1, 2012
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