HOA for Ladera Ranch? (Orange: sales, real estate, condos)

[gobruins]

What are the HOA dues for Ladera Ranch? Do they vary based on where in town you buy? Also, what about the property tax rate? Is there a blanket rate or does it very based on where in town you buy? Thx in advance!

[Charles]

I've seen them in the high $100s, like $150-$200. Significantly more for the condos.

Easiest way to get a real understanding is to visit redfin and click on a couple properties.

Property tax info is also there. Property tax is related to assessed value. Mello Roos is something else added in too.

Here are a few:

28 Foliate Way, Ladera Ranch, CA 92694 | MLS# S562122
20 Craftsbury Pl, Ladera Ranch, CA 92694 | MLS# S562395
27 Merrill Hl, Ladera Ranch, CA 92694 | MLS# S511943
12 Sutherland Dr, Ladera Ranch, CA 92694 | MLS# S564996
2 Sterling Gln, Ladera Ranch, CA 92694 | MLS# S540037
24 Winslow St, Ladera Ranch, CA 92694 | MLS# S550961
22 Beacon Pt, Ladera Ranch, CA 92694 | MLS# S566165
22 Shively Rd, Ladera Ranch, CA 92694 | MLS# S563082

[firsttimehousehunter]

Don't they have a master hoa and a sub-hoa? So, even if the hoa for your village is $200, you'd still have to pay the Ladera master hoa, which I think is in the $200 range as well.

Also, there is a one-time payment to Ladera for about 1% of the purcahse price.

Anyone who actually lives there or knows more about it, please correct me if I'm wrong.

[Charles]

Originally Posted by firsttimehousehunter

Also, there is a one-time payment to Ladera for about 1% of the purcahse price.

"Chuck Pillsbury of Ladera Ranch Realty, who believes that Ladera prices are down by about 10 percent, added that buyers there used to pick up a 0.25 to 1 percent ‘lifestyle enhancement fee.’”
“‘Now, it’s negotiable,’ Pillsbury said. ‘The market’s changed quite a bit.’”"


from


The Housing Bubble Blog » 2007» June» 13

"Buyer to pay Ladera Ranch Lifestyle Enhancement fee of .25 of 1% of sales price."

from

http://www.homeportfoliojunction.com/ca/2492.htm

[EscapeCalifornia]

Lifestyle enhancement fee? Are you F-ing kidding me?

Given that there's been a lot of distressed sales down there, I'd be very interested in the financial health of the HOA before buying. If people aren't paying their mortgage or taxes, they're sure as hell not paying their HOA dues. HOAs will then expect the remaining residents to pick up the shortfall and if things get bad enough, they can collapse. Who's going to water the lawn then?

[Charles]

Originally Posted by EscapeCalifornia

I'd be very interested in the financial health of the HOA before buying.

If people aren't paying their mortgage or taxes, they're sure as hell not paying their HOA dues. HOAs will then expect the remaining residents to pick up the shortfall and if things get bad enough, they can collapse. Who's going to water the lawn then?

Skipped fees smack homeowner associations - Lansner on Real Estate - OCRegister.com

Up to 8% of S. County HOA bills are late

[Charles]

Originally Posted by gobruins

what about the property tax rate? Is there a blanket rate or does it very based on where in town you buy? Thx in advance!

Here's a property tax report for 24 WINSLOW ST in Ladera Ranch (These are all publicly available data).

From Redfin:

Taxable Value
Land $708,423
Additions $443,577
Total $1,152,000
Tax (2008) $18,725

From Orange County California - Treasurer-Tax Collector - Chriss Street

[Charles]

Originally Posted by EscapeCalifornia

Lifestyle enhancement fee? Are you F-ing kidding me?

Given that there's been a lot of distressed sales down there, I'd be very interested in the financial health of the HOA before buying. If people aren't paying their mortgage or taxes, they're sure as hell not paying their HOA dues. HOAs will then expect the remaining residents to pick up the shortfall and if things get bad enough, they can collapse. Who's going to water the lawn then?

"LADERA RANCH About 5 percent of Ladera Ranch homeowners have defaulted on their homeowners' association fees,
"You kind of have to build that into your budget for next year," said Schlegel.

Schlegel added that the situation in Ladera puts the board of the Ladera Ranch Maintenance Corporation in the position of deciding how to provide the same level of service while reducing costs.

The homeowner's association is legally authorized to put a lien on the home of any homeowner who fails to pay dues for 12 months or who accrues $1,800 in unpaid dues, whichever comes first."

from

Ladera delinquency rate on HOA payments at 5 percent | schlegel, ladera, homeowner, board, association - News - OCRegister.com

[masalamomma]

I am in the market, and my agent advised against Ladera Ranch because of its higher costs.