Ownership Costs Playa Vista Mello Roos HOA Landscaping Fees. Plus included Enhancement Fees. Playa Vista is a Planned Unit Development. Article Ownership Costs in Playa Vista Phase One and Runway. Runway new homes, condominiums, townhouses and lofts Mello Roos included in sales price. In Playa Vista phase one Mello Roos is separate costs. Ownership Costs Playa Vista Mello Roos HOA Landscaping Fees in Phase One.
Ownership Costs Playa Vista Mello Roos HOA Landscaping Fees
Ownership Costs Playa Vista Phase One Mello Roos HOA Landscaping Fees Development (PUD). Home ownership in Playa Vista is more expensive the other older Planned Unit Developments in West Los Angeles. The Community began construction approximately ten years ago. Newer construction requires the homeowner pays Mello Roos Fees. Mello Roos is a 40 year fee. Additional monthly fees are Playa Vista Parks/Landscaping and Individual Building Homeowner Dues. When residential homes are sold in Playa Vista Phase One there is a Community Enhancement Fee. Playa Vista Real Estate is the newest Westside Los Angeles neighborhood in more than 50 years. Read to understand individual fees.
Mello Roos Fees
Ownership Costs Playa Vista Mello Roos HOA Landscaping Fees. Playa Vista is a Community Facilities District (CFD). In 1982, the Mello Roos Community Facilities Act was established. Mello Roos is a 40 year bond that allows financing for infrastructure, public improvements and services. These improvements and services includes: streets, sewer systems, police and fire protection, ambulance services, schools, parks, libraries, museums and other facilities. In addition to property taxes average 1.25 % of sales price supplemental Mello-Roos taxes are added. The Mello Roos tax can decrease or increase. Currently Mello-Roos is approximately $2.00 per sq. ft. What is Mello Roos?
- Sales Price $600,000.00 and Unit 1,000 square feet
- Approximate Mello Roos = $2,000.00
- Approximate Property Taxes = $7,500.00
- Mello Roos is charged separately in Phase One. The Runway residential ownership Mello Roos included in sales price
Playa Vista Parks and Landscaping Fee (Approximately $250.00/month subject to change)
- Center Point Club
- Time Warner Cable and High Speed Internet
- Landscaping and Street Maintenance
- Patrol Service
- Merit Property Management Administrative Expenses
- Applies to Phase One and Runway
Individual Building Dues (Varies Approximately $350.00 to $750.00/month subject to change)
- Fire and Liability Insurance for common area
- Building Maintenance
- Water Usage for Common Area
- Trash Removal
- Management Company Fees
- Applies to Phase One and Runway
Community Enhancement Fee:
Upon selling your condominium or home in Playa Vista there is a one-time fee. The Playa Vista Community Enhancement Fee is .75% of one percent of sales price. Example: Sales price $600,000.00 X.01% = $6.000.00 X .75% = $4,500.00. This fee maintains parks, Playa Vista Bus Shuttle, community programs and intranet. This fee can be paid by seller or buyer.
Ownership Costs In Playa Vista are Mello Roos, Parks and Landscaping Fee, Building Homeowners Fee and Enhancement Fee
Playa Vista L.A., CA 90094 has gained Westside and International attention. 21st century concept of construction and eco-friendly residential living. Phase One was constructed within the last ten years. Established tech, media, entertainment and startup companies have settled in Playa Vista. They have flocked to Playa Vista’s new expansions The Reserve, Runway and Playa Jefferson Campus of Creativity. Playa Vista Silicon Beach is mixed use construction. Both offer residential and commercial properties. The Reserve and Playa Jefferson Campus of Creativity are business communities. Playa Vista is a partner Silicon Beach city with Santa Monica, Venice and Marina Del Rey. Mixed up community combining residential and commercial properties.
Residential Homes are in Phase One and the Runway.
Phase One consists of 3,246 new residential housing residents ranging from luxury condominiums, townhouses, single family homes and apartment rentals. Parks and recreational amenities have been developed. Condominiums, townhouses and homes built in mid 2000s. The 2010 census is a population of 5,464. Concert Park gives free Spring – Summer Concerts and Events . Phase 1 has Playa Vista Elementary School and Playa Vista Public Library and Concert Park. Concert Park is surrounded by a bank, restaurants, dry cleaners, beauty salon and other retail shops.Ownership Costs Playa Vista Mello Roos HOA Landscaping Fees. Phase One home, condominium, townhouse, loft Guide.
Runway is a well appointed name for parcel once owned by Howard Hughes. Construction has begun with planned completion in 2017. Anticipations include 221,000 square feet of luxury (condominiums, townhouses and single family homes), apartments, 35,000 square feet of office space and retail. Apartments will range from studios to two-level two bedrooms. Developers are: Lincoln Property and Partners. Mixed-use center combining residential and commercial properties. Commercially offering shopping, dining, entertainment and living space in the Playa Vista Community. California trees will be planted giving sense of areas organic environment. The mixed-used project will connect Phase I residential community and the Campus of Playa Vista.
Ownership Costs Playa Vista Mello Roos HOA Landscaping Fees. Article Ownership Costs in Playa Vista Phase One only. Runway new homes, condominiums, townhouses and lofts Mello Roos included in sales price. In Playa Vista phase One Mello Roos is separate costs. Playa Vista Los Angeles CA 90094 adjacent to Marina Del Rey CA and Westchester L.A.. Phase One has Playa Vista Elementary School and Library. Near beaches, Los Angeles International Airport and freeway. Playa Vista Runway newest West L.A. epicenter. Has upscale retail shopping, movies, restaurants, salons and fitness. 21st century concept of eco-friendly mixed-use construction. Westside Los Angeles luxury lifestyle. Interested in purchasing in Playa Vista? Call Gail Mercedes Cole (310) 853-9933 Playa Vista Expert!
Information deemed reliable but not guaranteed.