Property Q&A in Orange Park>Question Details

Pam Richards…, Home Buyer in Orange Park, FL

What is the HOA fees and CDD fees?

Asked by Pam Richardson, Orange Park, FL Wed Apr 29, 2009

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This question is about this property: http://www.trulia.com/property/1071976489-649-Southland-Ln-O…

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Pam,

HOA fees and CDD fees are fees that can be charged to home owners in planned communities. An HOA fee is a Home Owners Association fee. These fees are used to maintain the common amenities of a community such as the community sign, playgrounds, flower beds and other landscaping, pools, and security gates. The amenities vary by community and the fee can be charged monthly, quarterly, or yearly depending on the Home Owners Association.

The CDD fee is a Community Development District fee. Many planned communities in Northeast Florida such as Eagle Harbor, Fleming Island Plantation, and Oakleaf Plantation were set up as special taxing districts that are allowed to issue bonds for infrastructure improvements when the community was developed. These infrastructure improvements can include new roads, water and sewer lines, electrical service, community pools, parks, and other amenities enjoyed by all of the home owners in the community. A CDD fee is an assessment per home that is paid yearly towards the payoff of the bonds issued. Many CDD fees also include yearly HOA fees in these communities.

As was previously pointed out the home you inquired about is currently under contract. If you would like assistance finding other homes in Oakleaf Plantation, please give me a call.

Scott Sullivan
Realtor
Prudential Network Realty
3535 Highway 17, Suite 10
Fleming Island, FL 32003

C: 904-327-5676
O: 904-269-1716
Scott.Sullivan@PrudentialNetworkRealty.com
0 votes Thank Flag Link Wed Apr 29, 2009
Pam,
The HOA is $50 a year and the CDD is $1500 a year. Currently the house has a contract on it. If you would like up to date searches please email me at pam@pamgraham.com and I'll send you an invitation to our listingbook tool where the homes are updated minutes after the status changes in the MLS.
Web Reference: http://www.pamgraham.com
0 votes Thank Flag Link Wed Apr 29, 2009
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