[frayedends]

Originally Posted by rustyp

Thanks for the heads up. I would not like being so isolated from amenities that I had to party in a driveway.

What amenities are we isolated from? Driveway parties happen in most all villages. By your reasoning they are all isolated because they have parties?

[Dusty_Star]

Originally Posted by Rainger99

Is there a way to find out what the bonds are for new homes??

I don’t think the Villages lists them on their website.

If not, can people let people know what the bonds are in Lake Denham and Dabney and Moultrie Creek?

The bonds are listed for all of Lake Denham, Dabney, Newell & even Moultrie Creek

[Dusty_Star]

Originally Posted by rustyp

Did you happen to ask what the interest rate is today on the bonds in those areas ?

I just looked at three units in Moultrie Creek & the bond interest rate was 5.19

[onfire]

Originally Posted by Rainger99

Is there a way to find out what the bonds are for new homes??

You can see bond amounts and amortization schedules on the districtgov website.

e.g. Lake Denham - Unit 69V; bond $40,525 @ 5.47% interest. Payment is ~$2,918 per year for total payment of $88,685 over 30 years.

You can also look up houses on the CAD sites to see their taxes, almost all newer homes have city taxes (Wildwood or Leesburg). Keep in mind the taxes will likely increase significantly on pre-owned homes as the assessed value will increase after purchase (you lose the cap that the previous owners enjoyed).

[jrref]

Originally Posted by tophcfa

There are always lots of excellent pre owned homes available that are very close to everything including amenities, shopping, dining, multiple town squares, and lots of golf and many of them have the bond paid off and are surrounded by beautiful mature landscaping. If you’re not hell bent on buying new, your opportunities are significantly enhanced. Also something that you should add to the list of important things to think about. Best of luck with your search.

I agree 100%. Not only are the bond prices outrageous in the newer areas but all the homes look like they are packed in all on top of each other. The roads are narrower as well. The Developer is doing everything they can to pack in more homes in a given area in these newer sections. Eventhough people feel they will be closer to all the activity in Eastport, they will be pretty far away from the rest of the activities in the villages in our lifetimes. Forget about going to Brownwood or the other golf courses north of 44 for example with the Golf cart lol. I'm not saying the newer sections are not good but the "look and feel" is not the same as in the areas like Fenney, Marsh Bend and others near 44 and north of 44. And yes you have to spend the first couple of years upgrading the landscaping and everything with a new build else instead of enjoying yourself in the final chapter of you life.

[onfire]

Originally Posted by Dusty_Star

I just looked at three units in Moultrie Creek & the bond interest rate was 5.19

Does anyone know if CDD's have restructured loans in the past, to reduce interest rates?

It would depend how these bonds are originally written as there could be prepayment penalties or other clauses that make it difficult. I suppose an individual could take out a loan at a lower rate to pay the bond if they wanted.

[jrref]

Originally Posted by frayedends

What amenities are we isolated from? Driveway parties happen in most all villages. By your reasoning they are all isolated because they have parties?

Don't be fooled. After a while all that newness wears off, people get on with their lives, get involved in clubs and activities. Same thing with the town squares. They are very nice but you will probably visit them less often as you get involved in things in the rest of the Villages.

[frayedends]

Originally Posted by jrref

Don't be fooled. After a while all that newness wears off, people get on with their lives, get involved in clubs and activities. Same thing with the town squares. They are very nice but you will probably visit them less often as you get involved in things in the rest of the Villages.

This only strengthens my point that we aren’t at all isolated down here.

Based on all the comments and threads on this subject I can only assume people up north are too old to drive and need shopping centers within 5 minutes. Otherwise there is nothing we don’t have down here.

[jrref]

Originally Posted by onfire

Does anyone know if CDD's have restructured loans in the past, to reduce interest rates?

It would depend how these bonds are originally written as there could be prepayment penalties or other clauses that make it difficult. I suppose an individual could take out a loan at a lower rate to pay the bond if they wanted.

They can and do restructure every 10 years. Recently, before the interest rates went up, CCD 10 reduced their interest rate from 5.99% to something around 3% ish.

[BigDawgInLakeDenham]

Originally Posted by frayedends

Designer home in Lake Denham and I think my bond was 48K.

We are terribly isolated down here with nothing to do. Just yesterday at lunch in Sawgrass we were discussing that. We talked about how we had to go to the Dabney pool, almost 5 minutes by cart. Or we could go to Franklin, or Homestead, or Ezell. We mentioned how Eastport is 17 minutes by cart and they would only have like 2 or 3 restaurants open by years end. We talked about Harry and the Natives restaurant in Okahumka won’t be open for almost a year.

Two nights ago at the driveway party with over 100 people we talked about how lonely and isolated we were. As the planning for next months party was discussed, we talked about how there was nothing down to do down here, but we ran out of time and decided to discuss tomorrow at pickle ball.

Brownwood is 30 minutes by cart and so it takes us a bit to get to all the restaurants everyone says are so bad. We also don’t get to shop in all the stores and we talked about how we were definitely being screwed because we hadn’t been to a brick and mortar store since the 90s and it would be nostalgic.

Last night when 10 of our neighbors came over for game night we all wondered if we would need therapy to help our loneliness.

I’m not positive but when Jerry and Linda came to our get together at aviary they may have mentioned how they almost couldn’t find us out here in the boondocks.

Yeah it’s horrible down here.

Soooo Horrible down here. My new friend Dan E is despondent after hosting that driveway party with a fun live band because so many new residents came to share food, fun, and fellowship. Everyone was so unhappy with their decisions to buy into Lake Denham that they were spending the last few dollars they had left on AED donations and contributions to the NEXT neighborhood party....kinda like we like our new community???

[asianthree]

Originally Posted by rustyp

Thanks for the heads up. I would not like being so isolated from amenities that I had to party in a driveway.

You are holding up a Sheldon sign right. If not reread the post, it was definitely a “we are enjoying being in what some all isolated” post

[Rainger99]

Originally Posted by onfire

You can see bond amounts and amortization schedules on the districtgov website.

e.g. Lake Denham - Unit 69V; bond $40,525 @ 5.47% interest. Payment is ~$2,918 per year for total payment of $88,685 over 30 years.

You can also look up houses on the CAD sites to see their taxes, almost all newer homes have city taxes (Wildwood or Leesburg). Keep in mind the taxes will likely increase significantly on pre-owned homes as the assessed value will increase after purchase (you lose the cap that the previous owners enjoyed).

This is the link for Lake.

Lake County Amortization Schedules

And this is the link for Moultrie Creek.

Amortization Schedules - Sumter

I am looking at Unit 224V Shady Brooke Cottage Villas. The bond is $39,357.75 and the annual payment is $2,693.18. Over 30 years, the principal is $39,357.75 and the interest is $38,620.62 and the administrative fees are $5510.25 for a total price of $83,488.62. You have to add that to the purchase price of the home.

But do you know how to find the address of the various units? For example, where is unit 40 for Lake and where is unit 202V in District 15? What does the V mean??

[rustyp]

Originally Posted by BigDawgInLakeDenham

Soooo Horrible down here. My new friend Dan E is despondent after hosting that driveway party with a fun live band because so many new residents came to share food, fun, and fellowship. Everyone was so unhappy with their decisions to buy into Lake Denham that they were spending the last few dollars they had left on AED donations and contributions to the NEXT neighborhood party....kinda like we like our new community???

Yes those driveway parties are novel and fun in the beginning until the cliques begin. Now you start noticing the noise and commotion as the newness wears off. The neighborhoods were designed to be quiet and the rec centers party central You are paying for that amenity why do you party in a driveway where you maybe infringing on others privacy if they wish not be part of the gang ? Maybe the rec center is too far away ?

[ElDiabloJoe]

Originally Posted by Altavia

It is a confusing market considering they continue to sell within their average of 70-100 homes a week.

I wouldn't be surprised to see prices go back up once Danby is sold out and Richmond/Eastport homes becomes available.

Good luck to your daughter in her search.

Wait!! Mark Seay? Same alma mater as me, CSULB ? Cooooool! <Stalker Mode off>

[ElDiabloJoe]

Originally Posted by Altavia

Unless you are keeping your money under a mattress, $80K invested 30 years @ 5% it will grow to $345,755.

You will have earned $345,000 in interest.

It's unlikely you will fully recover the full amount of a bond early payment in the sale price of a home.

I'm no expert or financial whiz, but this makes sense to me. Set up an investment account, like a low-cost S&P 500 matching fund, and put the money for your bond payment in there. Then set it up to auto-deduct/auto-pay the bond payment.

Now you keep the balance earning returns while the bond is automatically paid without a thought from you.

Once the bond is paid off, you keep whatever returns remain.

Sounds like a plan to my novice ears.