From what I have found the maintenance fees on this property are paid semi-annually in the amount of $250, yet I also found a conflicting reports that show the maintenance fees are $40/month. In either case, the total amount for the maintenance fees are $480 - 500 for the year.
While looking for the accurate maintenance fee information, I noticed that there are two other homes in the neighborhood that are similar to this one. Two of the three homes that are currently for sale in this neighborhood are priced well.
If you would like to see the listing reports for the other homes and/or a copy of the market analysis I prepared, give me a call at 317-842-0500.
PS. If you are a first time home buyer, you may qualify for a $8000 tax credit (gift).