Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 04-20-2018, 06:18 PM
 
56 posts, read 117,545 times
Reputation: 33

Advertisements

When I look at town houses, for some of them, the entire community appears as one unit in the county (King county in my case) assessor map while for some others each townhouse, even though it is attached, shows up as separate unit.

What is the difference? Does it matter? For both cases, the town houses are attached homes.
Reply With Quote Quick reply to this message

 
Old 04-20-2018, 10:37 PM
 
1,663 posts, read 1,579,775 times
Reputation: 3348
One could be a condo arrangement? Where there’s a shared interest in the common grounds - while the other doesn’t have any common area and thus no shared interest?
Reply With Quote Quick reply to this message
 
Old 04-21-2018, 07:53 AM
 
Location: Research Triangle Area, NC
6,379 posts, read 5,495,991 times
Reputation: 10041
Many townhome communities are "condos" legally. That means each unit owner is essentially a "stakeholder" in the land for the whole development. This is usually meant for flat-style condos but can also apply to units that most people would refer to as "townhomes".

In "townhomes" that are legally defined as such; each unit owner actually owns the plot of land that their unit is built on independently.

Seems like semantics but there are a few differences.

I originally learned this about 2 years ago when I was homehunting for a condo/townhome in my area and my real estate agent explained it to me. Biggest noticeable difference is that HOA fees in "condo" are typically higher.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top