Home Buying in Boca Raton>Question Details

i7442, Home Buyer in Boca Raton, FL

what is the time these hoa fee are for?

Asked by i7442, Boca Raton, FL Sun Jan 20, 2013

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This question was asked from this property: http://www.trulia.com/property/3090717556-7121-Dubonnet-Dr-B…

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The HOA fees noted for this Boca Raton home are quarterly fees. However, the listings does not clearly indicate that there is also a $50,000 or $55,000 up front equity fee that must be paid at the closing if you would like to own this home in Boca Raton.

That fee cannot be incorporated into a mortgage. It must be paid in cash at the closing. The membership fee is mandatory, as the yearly club membership fee, of anywhere from $8,000 to $15,000 or more that you will have to pay to maintain your membership in the Broken Sound Country Club in Boca Raton.

If you are looking for a Boca home with a country club lifestyle, then Broken Sound Country Club is a wonderful place to live and play.

However, if you are searching for a home in Boca Raton within a gated community that is not a country club, you will find that asking prices will be far higher. There will also be HOA fees in these gated communities, but there are no membership fees.

Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
JablonTeam@gmail.com
561-213-6139
http://www.JablonTeam.com
0 votes Thank Flag Link Sun Jan 20, 2013
Hi there,
There are a couple of other things associated with this property. There is also a $7500.00 capital fund contribution at closing. Also if you do like the home and can close by the end of February the golf is $55,000.00 and a social membership is $50,000.00. If you would like to see this home or others in the area please feel free to contact me anytime. Our office is at the entrance to that subdivision.
Thanks for your consideration.
Jim Plotkin
REMAX COMPLETE SOLUTIONS
561-856-2880
jimmysellshomes@aol.com
jacobplotkin.remaxagent.com
0 votes Thank Flag Link Sun Jan 20, 2013
Hello & good afternoon. The HOA fees on this property of $2041 are per quarter and the subdivision in which it is located has a mandatory membership equity of $55,000 that must be purchased with the house. If you care for any further information on this or other properties I can be reached anytime at (561)441-5978 or troy@salvorealestate.net. Hope this information has helped.
0 votes Thank Flag Link Sun Jan 20, 2013
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