What's the condo fees?

Asked by Woodsybassriver, Saint Pete Beach, FL Mon Aug 26, 2013

This question was asked from http://=www.trulia.com%2Fproperty%2F3129465828-115-112th-Ave-E-613-… target="_blank" rel="nofollow">http://www.trulia.com/property/3129465828-115-112th-Ave-E-61…

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Iryna Lazaus…, Agent, Clearwater Beach, FL
Wed Aug 28, 2013
Per MLS HOA fee is $187, which covers : Community Pool, Cable,Building Exterior, Ground Maintenance, Building Insurance, Rec.Faculity, Roof, Water/Sewer and Trash Removal.
If you are a pet owner- they allow only one pet up to 20lbs.
I wish you the best of success.
Iryna K Lazauskas
Northstar Realty
216 Beach drive
St Petersburg, FL 33701
0 votes
Barry Smith, Agent, Saint Petersburg, FL
Mon Aug 26, 2013
Just so you know, this property is not on Isle of Palms as it maps on Trulia. It is located just above Gandy Blvd. Be advised that wood framed buildings need a lot more maintenance and painting about every 7 years. As a result, the maintenance fee is too low to have a sufficient reserve fund to handle the necessary upkeep so you can probably plan on assessments. A normal and adequate maintenance fee for an inland well kept property would be $300 to $350 for a two bedroom unit. Along the beach it would be $450 plus.

Barry Smith
Excellent Service Realty
0 votes
Pamela Cohn, Agent, Clearwater, FL
Mon Aug 26, 2013

This is a bank owned property. Today is day 5. They are stating all offers will be rejected the first 7 days. Day 8-15 priimary resident offers then after day 15 secondary or investment.

The HOA is currently $187 and MLS shows it as covering: Community Pool, Cable, Building Exterior, Ground Maintenance, Building Insurance, Rec Faculity, Roof, Water/Sewer, and Trash Removal. One pet is allow up to 20 lbs.

This is a condo conversion, meaning it was an apartment complex converted into condos. It may be more difficult to finance if you are planning to do so. They will probably require more down if they do allow financing.

Another important factor to check out is the condo associations latest financials. If there are a lot of foreclosures going on in the community, others may be picking up the slack and there could be assessments or raised monthlies.

I feel an informed client makes the best decisions regarding their real estate needs. Let me know if I can be of assistance.


Pam Cohn
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761
0 votes
Trace Willia…, Agent, NA, FL
Mon Aug 26, 2013

Beware, this property is wood frame and the estimate posted in MLS seems awfully low. Termites feast on wood frame property in St Petersburg and hazard insurance rises rapidly as the property ages. Their are plenty of better more sound investment options.

If you would like to explore them please call me...(727) 777-4698.

Let's get YOU to SOLD!

Trace R Williams
(727) 777-4698
0 votes
James M. Hof…, Agent, Madeira Beach, FL
Mon Aug 26, 2013
The monthly is being reported as $187. You should seek an experienced Realtor to help you with this one. It is a bank-owned listing. Be certain to know the other requirements from the Seller like them wanting you to apply for a mortgage with their preferred lender. Also this listing is showing 5 days on the market. The Seller will reject all offers the first seven days according to their instructions because they want the property on the market for several days before accepting an offer. Bank-owned properties also have special contract addendums. Realtors are not able to give legal advice so you will need an attorney to interpret the addendums. These aren't impossible, just a little more complicated. Good luck out there.
0 votes
WF Culkar, Agent, Clearwater, FL
Mon Aug 26, 2013
Hello Woodsybassriver,

The monthly fees are listed as $187, which includes Comm Pool, Cable, Bldg Exter, Ground Mtnce, Bldg Insur, Rec Faclty, Roof, Water/Sewer, Trash Remv

May I help you more? Please call!

W.F. (Willy) Culkar, Realtor®
0 votes
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