Would you buy a home on a private semi gated street? (HOA, insurance)
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I am considering purchasing a home but it is on a private semi gated street. Basically, the homes in the area all share a private street and each person owns a part of the street. There is an HOA that you pay 600 annually to maintain the street, gate and insurance for the street for garbage collection and plowing. The benefit imo is no traffic on the street, no pedestrians and I don't have to maintain a sidewalk. The drawback is the 600 annually to the HOA. Would you consider such a purchase and if so why or why not?
The HOA for this property isn't much involved. They just maintain the street and gate and that's about it. If anything goes wrong with the sewer or water line the HOA will take care of it. The homes aren't joined together either and have a good space between them. They are also fenced. It looks like any other block but the street they are on is private. The house is a recent build and is really nice. I can't find anything like it in the Queens neighborhood.
Then what the heck good is the gate doing??? The crooks can just drive around the block!!! That's just daffy.
Well it is a dead end and there are cameras all over the place. I am going for it. The only rule is you park in front of your house and they are reducing the HOA dues by half. There has never been an increase or assessment.
Well it is a dead end and there are cameras all over the place. I am going for it. The only rule is you park in front of your house and they are reducing the HOA dues by half. There has never been an increase or assessment.
Before you said the 'other end is open' and now you are saying it is a 'dead end'. You're not making much sense. It's either gated closed or it's open.
It is a closed gate. I mean if anyone goes on the the street the other end is closed. I already said that before. One end open and the other end closed with an electronic gate.
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