| Piper’s Landing Y&CC | 2020-2021 | |||||||
| HOA Membership Dues and Equity Requirements | ||||||||
| Membership Application Fee. | $ 10,000 | Due with the membership application. This is Non-Refundable if you purchase a home or condo. | ||||||
| Membership Equity Contribution | $ 65,000 | This is a Refundable Equity Contribution that comes back after your home is sold. | ||||||
| Annual Food & Beverage Minimum | $ 1,200 | Annually by October 31. Prorated the first and last years | ||||||
| Renovation Assessments are billed at the end of the month and are not prorated. | ||||||||
| Villas and | ||||||||
| Custom | Golf | Med Villas on | Med Villas on | Cottage | Condos | Condos | ||
| Membership Dues 2019-2020 | Homes | Style | Gleneagle | Troon | Style | 4660 & 4680 | 4061 & 4081 | |
| HOA Qrtly Contribution Capital | $ 474 | $ 474 | $ 474 | $ 474 | $ 474 | $ 474 | $ 474 | |
| HOA Qrtly Membership Dues | $ 5,601 | $ 6,087 | $ 6,158 | $ 6,334 | $ 6,345 | $ 5,645 | $ 5,645 | |
| Condo Qrtly Dues | $ 850 | $ 884 | ||||||
| Condo Qrtly Reserve | $ 425 | $ 350 | ||||||
| Subtotals | $ 6,074 | $ 6,561 | $ 6,632 | $ 6,808 | $ 6,818 | $ 7,394 | $ 7,353 | |
| Monthly Clubhouse Renovation | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | |
| Annual Clubhouse Renovation | $ 1,000 | $ 1,000 | $ 1,000 | $ 1,000 | $ 1,000 | $ 1,000 | $ 1,000 | |
| Total Annual Dues & Exp Payments | $ 26,738 | $ 28,684 | $ 28,968 | $ 29,671 | $ 29,714 | $ 32,016 | $ 31,852 | |
| Jan ($120 Assessment mthly on EOM No Proration | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | |
| Feb | $ 6,194 | $ 6,681 | $ 6,752 | $ 6,928 | $ 6,938 | $ 6,239 | $ 7,473 | |
| Mar ($1000 assessment billed EOM) | $ 1,120 | $ 1,120 | $ 1,120 | $ 1,120 | $ 1,120 | $ 2,395 | $ 1,120 | |
| Apr | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | |
| May | $ 6,194 | $ 6,681 | $ 6,752 | $ 6,928 | $ 6,938 | $ 6,239 | $ 7,473 | |
| Jun | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 1,395 | $ 120 | |
| Jul | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | |
| Aug | $ 6,194 | $ 6,681 | $ 6,752 | $ 6,928 | $ 6,938 | $ 6,239 | $ 7,473 | |
| Sept | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 1,395 | $ 120 | |
| Oct | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | |
| Nov | $ 6,194 | $ 6,681 | $ 6,752 | $ 6,928 | $ 6,938 | $ 6,239 | $ 7,473 | Avg |
| Dec | $ 120 | $ 120 | $ 120 | $ 120 | $ 120 | $ 1,395 | $ 120 | Homes |
| Total annual for Homes | $ 28,684 | $ 28,968 | $ 29,671 | $ 29,714 | $ 29,259 | |||
| Total annual for Custom & Condos | $ 26,738 | $ 32,016 | $ 31,852 | |||||
| Total Avg Monthly Dues & Reimbursed Expenses | $ 2,228 | $ 2,390 | $ 2,414 | $ 2,473 | $ 2,476 | $ 2,668 | $ 2,654 | $ 2,438 |
| Less Estimated Amenity Costs | $ 1,425 | $ 1,425 | $ 1,425 | $ 1,425 | $ 1,425 | $ 1,425 | $ 1,425 | $ 1,425 |
| Less Avg Monthly Condo Expenses & Reserves | $ 425 | $ 411 | ||||||
| Homeowner Expenses Paid by Piper’s | $ 803 | $ 965 | $ 989 | $ 1,048 | $ 1,051 | $ 818 | $ 818 | $ 1,013 |
| % of Homeowner Expenses in Dues | 36% | 40% | 41% | 42% | 42% | 31% | 31% | 42% |
| Homeowner Expenses included in Piper’s HOA Dues (Average) | ||||||||
| Estimated Values. Used a home outside of Piper’s for some values. | ||||||||
| Landscaping & Yard Care | $ 255 | Custom homes pay their own due to their individualized landscaping and larger yards. | ||||||
| Water & Sewer | $ 170 | Piper’s is on one master water meter. | ||||||
| Comcast TV Cable | $ 95 | You pay only for premium channels and internet services. | ||||||
| Tips on Food, Beverages & Golf | $ 278 | All your tips on the golf course and in the clubhouse are covered in your dues. | ||||||
| Swimming Pool Expenses | $ 65 | Six common area heated pools. | ||||||
| Alarm System & Security Gates | $ 150 | Manned security gates & 24/7 patrols | ||||||
| Total Home Costs Covered by Piper’s Dues | $ 1,013 | |||||||
| . | ||||||||
| Average Hoa Dues For Homes | $ 2,438 | |||||||
| Home Costs Covered | $ 1,013 | |||||||
| Average Calculated Cost Of Amenities | $ 1,425 | |||||||
| The Condominium COA Includes: | ||||||||
| A Reserve Fund for future major repairs including the roof. | ||||||||
| Exterior repairs and maintenance on the pool, building, and cart barn. | ||||||||
| Exterior building, pool, and property damage and liability insurance. | ||||||||
| Then you have Intangible costs or costs that vary by individual. | ||||||||
| Security and Emergency Response. | Priceless | |||||||
| Unlimited Golf & Tennis | There are no Trail Fees or charges for use of an extra golf cart. | |||||||
| Guest Golf Fees | Guest Fees for golf are $75 in season and $20 in the summer. | |||||||
| Nonresident family can play with you for free after 3 pm. | ||||||||
| Access to other private clubs | Reciprocals for golf and dining with other private clubs in | |||||||
| Martin, Palm Beach, St Lucie, and Indian River Counties. | ||||||||
| Reduced Real Estate Taxes | Real Estate taxes are based on what is paid for a home. | |||||||
| Homesteaded properties are limited to a 3% increase per year. | ||||||||
| No state, county, or city income taxes | This is a big-ticket item for our Northern friends. | |||||||
| Today’s Dollars | The Fair Market Value of your home less the cost of a home in Piper’s? | |||||||
| Tomorrow’s Dollars | The Value of your home in Piper’s when you decide to sell? | |||||||
This document was prepared by and is the property of William James Forbes Realtor and Broker with Jim Forbes Real Estate, LLC Palm City, FL. |
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This information has been obtained from sources believed reliable, but it is your responsibility to confirm its accuracy and completeness. |
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| 772-370-2466 cell or text ~ JimForbesRE@gmail.com ~ www.JimForbesRE.com | ||||||||
Specializing in the Real Estate of Piper's Landing Y&CC