Bond on new construction
 

Does anyone know what the current bond is on new construction for a 2/2 Patio Villa in St. Charles?

Bond
 

Whenever I've asked what the bond price is at any open house on 2/2 Villas on that side the sales rep has always said approx. $20,000.00

We looked at new Patio Villas this last Saturday for my sister-in-law and was quoted $11,591.00 for the bond on a new Patio Villa that we were looking at. She looked it up before she quoted the figure. This rep has sold several homes to people in our family and has always been correct in what she has told us. This was on the new Patio Villa in Mangrove Villas area in The Village of Buttonwood.

Thanks Indy - that seems about right for a 2/2 Patio Villa. $20K is probably for a designer model.

I recently asked my sales rep what the bond will be on a new Cabana Villa - he said approximately $13,000.00. The patio villas will be less than that.

:(

Agree with all 3 prices listed. Just told those same numbers by my agent.

About 13K for a new Cabana style villa and 20K for a new designer model. Close enough for rough calculations.

We purchased a Patio Villa in St Charles 1/4/10. Our bond was approx 11,500.

We love it here - best decision we ever made.

I thought the bond on your home was to pay for the cost of the infrastructure. Why then is it more for a designer home than a patio villa? Don't they both have the same infrastructure?

When I purchased my home in December 2008, my sales rep told me the bond was based on the density of the neighborhood.

If its based on the value of the house, it's just another "progressive" tax. Spread the wealth around.

This is correct. An area of villas would pay the same amout on each villa. Example The bond on a Mangrove Patio Villa is $11,591.00 Lets say there are 100 villas in this area $1,159,100.00for that area. If the same ground area had say 50 designer home then the $1,159,100.00 would be devided by 50 residences or $23,182.00 per residence. Or 25 premier homes at $46,364.00

That is why some people are interested in the pre-owneds. The bonds for patio villas bought a few years ago are about $5000 and some may even be paid off. And, you have the option of finding a location in The Villages that is more central.