Considering this possible recent sale, still has to close, it would really leave the other homes currently available " Over Priced "
It is a nice location, wonderful community. For a condo community they have had some very strong buying activity for the past 12 months. In addition, there are only two rentals available, and they command an premium rent.
HOA $200 a month, ouch!
Please contact me if you need further help.
The Villas at Savona in Chandler appear to be a newer condo community built in 2005. Back then, the smaller 1360sf condos were being sold for an average of $168,483. In 2006, the average price of a 1360sf condo increased to $226K. Then in 2007, the average price of a 1360sf condo dropped to $212K. Now the 1360sf condos can be bought for $180K. This information shows that the original buyers in 2005 are still okay regarding value/worth of their condo, but the 2006 & 2007 buyers could owe more than their condo could appraise for now, depending on their down payment. However, buying & owning a home as your primary residence should be viewed as a long term plan & not as a 2-3 year investment tool. So, if you can buy now & own the same condo/house/property for at least 5-7 years, you should be okay, even if prices dip just a bit lower.
This community has an HOA fee of $200/mo & could be considered a bit high, but this fee pays for quite a bit (see below).
HOA Incl-Exterior Maint of Unit
HOA Incl-Roof Repair
HOA Incl-Roof Replacement
HOA Incl-Blanket Insurance Policy
HOA Incl-Garbage Collection
HOA Incl-Pest Control
HOA Incl-Cable or Satellite TV
HOA Incl-Front Yard Maint
HOA Incl-Common Area Maint
HOA Incl-Street Maint
HOA-Pets Ok (See Remarks)
HOA-No Visible Trucks, Trailers, RV, Boats
So, the HOA fee appears to cover water/sewer/trash, home insurance, exercise center & cable!!! So, if your avg water/sewer/trash bill was $40/mo, your home insurance bill was $50/mo, your basic cable bill was $40/mo & your gym membership was $40/mo, then all you're really paying is $30/mo to the HOA, and you have no maintenance to take care of! Sounds like a deal to me.
Also, from what information I read, these condos have a garage. That is a very nice thing to have & a rare amenity for a condo, which could be a very desirable feature for most home owners, especially with our summer heat & high auto theft rate.
Other than the above information, I'm not certain what else you may be looking for, but let me know if you need/want something else.
I trust the information I provided will help you to make good real estate decisions.
HomeSmart Real Estate
Please let me know if you would like any help. firstname.lastname@example.org, or staciesellshomes.com