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I am trying to figure out what HOA dues are in local (anywhere in the triangle) high-end neighborhoods to compare with one that fits the descriptors below:
approx. 2 acre lots
Homes priced from about $800k to about $1.9 million
No shared amenities like a pool or private roads
limited shared land for the HOA to landscape
If you know of any similar neighborhoods, can you tell me what they are? And the dues if you happen to know? Thank you!!
so I looked some up. I used Wake County active lsitings just to narrow it down.
There were some in the $400 to $600 per year range: Kelsey at Falls Lake, Falls Lake, Harbourgate, Papillon Park, Georges Grant On the higher end:
The Back Nine $720
La Ventana $730
Sheffield $1000
Grey Walls at Trago $1200
Radcliffe $1500
Birlands $1800
The Barony $2,220 per year. On the lower end:
Grenadier $240
Wyman Park $300
Wakefield $240 (They charge for amenities separately) Some have none:
Old Keith
Woodlake Estates
Bluffs of Greenview
If there is no pool or clubhouse, why would a community have HOA dues? And do you have to pay it if you opt not to use the amenities?
Just curious, as I am in a neighborhood with no HOA so I am not familiar..
NC law requires the developer to either designate a party to maintain common area or to establish the HOA formation when filing development plans.
Common area takes many forms besides pools and clubhouses. Common areas can be community open spaces, walking trails, a sign at the subdivision entrance, ponds, stormwater retention structures, private streets, "fancy" streetlights that are above what the municipality might require, etc.
The HOA has responsibility for maintaining the common areas, and typically may buy a master insurance policy to protect the residents from liability claims.
Without support from an HOA or other responsible party, the common areas may deteriorate due to lack of maintenance. Stormwater control measures may degrade and fail, allowing excessive runoff or erosion to dump silt into ground water, or wash out yards and streets.
I have no idea what the HOA dues are there, but I did some work for people who built in the Devon neighborhood in N. Raleigh a while ago, which sounds very similar to what you are asking about (except maybe for the lot sizes). The houses were all amazing, no community pool but a very nice entry way with landscaping if I recall.
Sure would save money if there were no common areas and the city was required to provide the services property owners are funding with their taxes.
Builders like "planned" communities so they can stuff more homes on the acreage than normal zoning would permit.
Shame people fall for this ruse when the only common areas are useless junk like signs.
Something this far off base has to come from someone that does not own a home. The overwhelming majority of us prefer the protection that an HOA provides. No one is falling for anything. Like any business, you want to make sure you are buying into a good HOA. Based on what the OP is considering, I would say a price range of $480 to $960 would be about average.
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First time I have been asked this...
