Here is a listing from Redfin on a condo
1371 Catail
* Homeowners Fees: $230
* Community/Master Home Owner Fees $82
* Monthly Total Fees: $531
In a condo situation…you pay an HOA/ and a community master fee/and mello roos. If you add the first two and subtract from the total…I would guess the mello roos is about $200.
I think this is why condos should continue to decline in SEH more than in other communities because $500 a month in fees that aren’t tax deductible should be reflected somewhere which in my opinion is the price.
I think there are deals to be had out there especially at $269,000 and with the great interest rates. You are smart to figure out all the fees before you jump.