All Pro's Realty
There was a special assessment recorded on January 1 for these smaller units of $340, to cover the cost of new roofs. That building was slated to be first for roof replacement, because 606 had a couple of ceiling leaks.
Condo fees and POA fees vary as to what they cover. For the condos in Ocean Lakes, they cover water, sewer, trash pick-up, exterior shaking, roofs, grounds maintenance and community pool maintenance, but that they had to make a "special assessment" means what they had collected in condo fees didn't quite cover the cost. So...that is always an important question to ask when contemplating a condo purchase. That said, the condo management and POA management seemed to be quite good and they were pro-active in renewing their FHA certification, which makes it much easier for an owner to re-sell in the future.
If I can help you with more information about this particular condo, or buying a condo in general, please contact me at firstname.lastname@example.org.
Best, KK German, Wainwright Real Estate, 757-714-2335
What the Condo fees cover is determined on how each Condo assoc is legally constituted.
This may help: http://www.brianblock.com/public/object/182972
If you are working with an agent, you might want to ask them to supply you with the pertinent info. As your would guess, had I been working with you, I already would have supplied you with the pertinent info. You'd be calling me to ask me this, since if you were my client it would be part of my job.
Did you know that working with an agent to help you make a purchase costs you nothing? The Buyer's Agent is compensated through a portion of the total commission paid by the seller of the property which is set aside for a Buyer's Agent to bring the seller a ready, willing, and able buyer and to guide them through the entire buying process.
Additonally, your search process works is infinitely easier. If you are now working with an agent, you are scouring real estate websites on your own. With me I set you up with an automated search that delivers the exact listings you are looking for based on your description to me of what you are looking. The sites you are looking at likely get a "feed" from the MLS. I am a member of the MLS and the search engine I use, as a result, provided lots of very specific searchable operators. Also I am not restricted to only those homes that William E Wood has as listings. I can assist you in the purchase of any home listed by any broker in Southside Hampton Roads.
Let me know how I might assist you. Jonathan O'Connor, William E Wood and Associates, 757-373-9355 email@example.com