The property you referenced is located in the MonteLago Village at Lake Las Vegas. There are currently 7 bank-owned/REO properties available in this project, including the subject. The vast majority of condos sold in this area are fully furnished, and may be used as a vacation/personal residence or rental property. There is a property manager on-site for coordination as well as a concierge for added convenience. Both projects within the MonteLago Village offer world-class shopping, dining, and retail within walking distance, and are located at the lake's edge for fantastic scenery.
1) Property taxes per year are approximately 1% of purchase price. So, if you were to purchase this property at $43,900, then your annual taxes would be about $4,400, billed quarterly. This rate will take effect in the 15 December - 15 January window following your purchase. For example, if you purchased and closed before 15 December 2009, then your tax rate would be adjusted down to the purchase price beginning January 2010. However, if you closed on 16 January 2010, your taxes would be assessed at the former taxable value until December 2010. Then, the value would be adjusted down to your purchase price for 2011.
2) The HOA/Maintenance fees are made up of 3 separate associations:
a) Lake Las Vegas Masterplan - appx. $105/mo
b) MonteLago Village Association - appx. $60/mo
c) Luna project association - appx. $400/mo (based upon your unit's square footage)
The project association listed above includes ALL utilities except phone/internet/cable TV. So, electricity, gas, water/sewer, trash, etc. are all included and paid by this fee.
3) I've included a couple of links below for you and other readers to be able to view all bank-owned/REO units available in the MonteLago Village. Feel free to contact me if you are interested in viewing and/or submitting an offer.
Link to View Bank-Owned/REO Properties in Luna Di Lusso at MonteLago Village in Lake Las Vegas: http://las.mlxchange.com/Pub/EmailView.asp?r=1032305892&
Link to View Bank-Owned/REO Properties in Viera at MonteLago Village in Lake Las Vegas: http://las.mlxchange.com/Pub/EmailView.asp?r=979154689&s
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