1st Resale in Fenny

[kstew43]

the first resale in Fenny....

5648 Cedar Waxing Dr, Sandcastle model, 2/2 1 car garage. Bond $25,130...wow... cottage home

Buyers Purchased in July 2017 for $211,450

Selling for less than purchase price $211,200

thats not supposed to happen.....hope they are ok....:angel:

[vintageogauge]

You cannot sell a home for more than you paid for it plus any improvements until after 12 months unless you are buying another new home. You would think you can at least at the real estate fee on top of it though. I would also think that it would be hard to sell a re-sale down here with all the new homes available. Hopefully they are moving up or out and not something more serious.

[kcrazorbackfan]

I think it's our new neighbors here in St. James; the wife said they wanted to get closer to the hospital because of her husband; said they probably won't be in this house very long. Sad.

[sallybowron]

You cannot sell a home for more than you paid for it plus any improvements until after 12 months unless you are buying another new home. You would think you can at least at the real estate fee on top of it though. I would also think that it would be hard to sell a re-sale down here with all the new homes available. Hopefully they are moving up or out and not something more serious.

We sold our preowned home in two days so it is not hard.

[John_W]

Here's that home, first thing I said this morning when I saw it in the newspaper, a one car garage, what were they thinking?

http://image.thevillages.com/ulikey.ashx?key=S2F.46&w=648&h=400

I made a post about 3 months ago with two new Fenney homes "Open Houses", a 2 BR Patio Villa with a 2 car garage and a 2 BR cottage priced $12,000 more, and of course with a higher bond, but with only a one car garage. Why would they even make that cottage with a one car while making patio villas nearby with a 2 car garage and selling for much less.

I knew a fellow from softball who was one of the first buyers in my Village of Tamarind Grove back in 2011 and he had a cottage home custom built. When I saw his home, I said you only have a one car garage? Not a 2 car, not a golf cart garage, I thought the purpose of custom building was to get more. He said, when he met with the design team, they never mentioned any options regarding the garage. I think I would of discovered somewhere before it got built when many of the spec homes are going up with a 2 car and a golf cart garage.

[CFrance]

[QUOTE=John_W;1490177]Here's that home, first thing I said this morning when I saw it in the newspaper, a one car garage, what were they thinking?

https://www.talkofthevillages.com//www.talkofthevillages.com/forums/imgproxy.php?u=http%3A%2F%2Fimage.thevillages.com% 2Fulikey.ashx%3Fkey%3DS2F.46%26amp%3Bw%3D648%26amp %3Bh%3D400&h=96fb6cbd33fa2bbba557fdd7ac4652bf

I made a post about 3 months ago with two new Fenney homes "Open Houses", a 2 BR Patio Villa with a 2 car garage and a 2 BR cottage priced $12,000 more, and of course with a higher bond, but with only a one car garage. Why would they even make that cottage with a one car while making patio villas nearby with a 2 car garage and selling for much less.

I knew a fellow from softball who was one of the first buyers in my Village of Tamarind Grove back in 2011 and he had a cottage home custom built. When I saw his home, I said you only have a one car garage? Not a 2 car, not a golf cart garage, I thought the purpose of custom building was to get more. He said, when he met with the design team, they never mentioned any options regarding the garage. I think I would of discovered somewhere before it got built when many of the spec homes are going up with a 2 car and a golf cart garage.[/QUOTE
I hope you really didn't say that to him.

[NYGUY]

A lot of single ladies want a 2/2 with a 1 car gar.

[vintageogauge]

I noticed the listing states that the owners never moved into the home. Must have had a health issue back home.

[rubicon]

Many of those patio villa were purchased as investment properties

[Doro22]

the first resale in Fenny....

5648 Cedar Waxing Dr, Sandcastle model, 2/2 1 car garage. Bond $25,130...wow... cottage home

Buyers Purchased in July 2017 for $211,450

Selling for less than purchase price $211,200

thats not supposed to happen.....hope they are ok....:angel:

Do all homes in the same village have the same amount for the bond? What determines the bond? Does the actual footprint of the home have any determining factor?

[dewilson58]

Do all homes in the same village have the same amount for the bond? What determines the bond? Does the actual footprint of the home have any determining factor?

Residential Bond Assessment Information (http://www.districtgov.org/departments/finance/bond_info.aspx)

[tuccillo]

The short story is as follows. For the longer story, look on districtgov.org.

All of the homes within the same "unit" have the same bond. Look on your Villages ID for the "U/L" - this is the unit/lot. Typically a Village will have several "units" that correspond to CYVs, Designers, Premiers, etc. The bond is determined by essentially taking the cost of the infrastructure of a "unit" and dividing by the number of homes in the "unit". The actual footprints of the homes within a "unit" doesn't matter (i.e. two homes in the same "unit" with different footprints will have the same bond).

Do all homes in the same village have the same amount for the bond? What determines the bond? Does the actual footprint of the home have any determining factor?

[CWGUY]

Here's that home, first thing I said this morning when I saw it in the newspaper, a one car garage, what were they thinking?

http://image.thevillages.com/ulikey.ashx?key=S2F.46&w=648&h=400

I made a post about 3 months ago with two new Fenney homes "Open Houses", a 2 BR Patio Villa with a 2 car garage and a 2 BR cottage priced $12,000 more, and of course with a higher bond, but with only a one car garage. Why would they even make that cottage with a one car while making patio villas nearby with a 2 car garage and selling for much less.

I knew a fellow from softball who was one of the first buyers in my Village of Tamarind Grove back in 2011 and he had a cottage home custom built. When I saw his home, I said you only have a one car garage? Not a 2 car, not a golf cart garage, I thought the purpose of custom building was to get more. He said, when he met with the design team, they never mentioned any options regarding the garage. I think I would of discovered somewhere before it got built when many of the spec homes are going up with a 2 car and a golf cart garage.

:confused: Confused by your question..... do you think they were wrong and no one would want that home? I would think that after building and SELLING more than 50,000 homes.... they have a handle on what people want. So I guess they would be the experts - not us.:shrug:

[Ingenuity]

The garage is a one car w/golf cart garage. I live walking distance from that home, which is the same model we bought. Ours was far less and we have a large (per TV usual sizes) fenced yard. We looked at patio villas w/2 car garages, and chose this one because of the year and fencing. These homes in the area we bought are further apart and a little more private. Who knows why a person makes the decisions they make. One makes decisions with the information they have at the time. Personally, after researching prices and areas, I would have never bought that home for that price, but that is me and not them. I hope they sell it soon and it is off their minds.

[Ingenuity]

I meant yard, not year.

[vintageogauge]

In Fenney the Designers are around $29,000 the cottage or smaller homes on small lots are around $25,000 and the villas on even smaller lots are around $19,000. I don't know if there are any other categories in between these three but that is pretty much what they are. So, I guess the lot sizes come into play rather than the footprint of the house itself.

[Sgroemm]

Do all homes in the same village have the same amount for the bond? What determines the bond? Does the actual footprint of the home have any determining factor?

How does the District arrive at the amount? Does everyone pay the same amount?
The Bond Debt Assessment was set at the time the bond used to build the infrastructure was issued. The formula for calculating each lot’s proportionate share starts with the total cost of the bond (including interest) issued to pay for the infrastructure. That cost is divided equally among each assessable acre in the “phase” of the District for which the bond was issued. That gives you a cost per acre. The cost per acre is then multiplied by the number of acres in the unit in which you live. That gives you the obligation for the unit as a whole. The unit total cost is then divided by the number of lots or parcels in the unit, and that computation gives you the amount of the assessment levied against each property. Therefore, each lot within a unit pays the same amount. Amortization schedules for each unit are located on the Districts' website; Village Community Development Districts (http://www.districtgov.org) under the Finance Department link.

[Villageswimmer]

Thanks for posting that link. In the index in the right find “Amortization schedule.” Then, for Fenny, scroll down to 12. Look at the info at the bottom to see the total, including interest rate. Everyone should look at this before buying. Many don’t.

[vintageogauge]

:shrug: It may just be a rumor ....... but I heard they have a big wheel at your closing ( Think "The Price Is Right") and that is how they figure out what your bond is. I don't remember it at our closing ...... but then we didn't do much homework before buying. We just came down from up North and plunked down a bunch of money and figured we could ask later and complain online if we didn't like it.;)

A lot of people get caught up in the moment and don't bother asking the important questions. We knew what are taxes were both county and wildwood (as near as could be estimated) as well as our bond before we put down our deposit. All one has to do is ask and if you have a reputable agent you will get the answers and most likely get those answers before you leave the home you are interested in buying. They have people on standby that have the information.

[Dr Winston O Boogie jr]

Here's that home, first thing I said this morning when I saw it in the newspaper, a one car garage, what were they thinking?

http://image.thevillages.com/ulikey.ashx?key=S2F.46&w=648&h=400

I made a post about 3 months ago with two new Fenney homes "Open Houses", a 2 BR Patio Villa with a 2 car garage and a 2 BR cottage priced $12,000 more, and of course with a higher bond, but with only a one car garage. Why would they even make that cottage with a one car while making patio villas nearby with a 2 car garage and selling for much less.

I knew a fellow from softball who was one of the first buyers in my Village of Tamarind Grove back in 2011 and he had a cottage home custom built. When I saw his home, I said you only have a one car garage? Not a 2 car, not a golf cart garage, I thought the purpose of custom building was to get more. He said, when he met with the design team, they never mentioned any options regarding the garage. I think I would of discovered somewhere before it got built when many of the spec homes are going up with a 2 car and a golf cart garage.

I'm thinking that the photo is making look like it's a one car garage. That house is a Sun Kissed which normally has a two car garage.

[Dr Winston O Boogie jr]

I'm thinking that the photo is making look like it's a one car garage. That house is a Sun Kissed which normally has a two car garage.

Actually, I see online that it's a Sand Dollar which is a two bed, two bath cottage home.

Most of the two-bedroom cottages that I've seen in my area have a 1-1/2 car garage.

TYhis is a Sun Kissed. It looks identical to the Sand Dollar from the outside.

Homefinder - The Villages(R) Homes and Villas for Sale (https://www.thevillages.com/homefinder/#/S3F.97)

[Dr Winston O Boogie jr]

Now that I look, I think that either the photo or the description of the pre-owned house is wrong. The photo shows a Sun Kissed. Take a look at this:
Homefinder - The Villages(R) Homes and Villas for Sale (https://www.thevillages.com/homefinder/#/L6.1024)