Could the difference in the 144V and 229V bonds be attributable, in part, to the large pond in 144V, impacting the bond calculation & total acreage in 144V? The bond calculation for a residential unit (like unit 144V) is confusing, based on a complicated formula that considers the number of acres in a district, the number of lots (homes) in a unit, and a couple other factors, while ignoring the size of your lot or the cost of your home. The bond amounts are similar in range for Shady Brook ($25,787 to $50597) and Well Point ($26,938 to $51,449). The bonds for patio villas sections are very similar, within $1,000 in these two villages, since lot size and density are similar. In district 14, the Enclave area with fewer lots per acre, their bond in unit 84V (the Enclave) is $72.080. The 3-step formula to calculate bonds in a residential unit is: 1. Total principal Bond Amount for a District ($155,490,000 infrastructure bond costs in District 15), divided by the Total Assessable Acres (638.98 acres in District 15) in the district = Bond Amount per Acre ($243,341 for District 15). 2. Bond Amount per Acre ($243,341 × Number of Acres in a unit (19.04 acres in unit 144V) = Total Bond for a Unit ($4,633,212 for unit 144V). 3. Total Bond for a Unit ($4,633,212 divided by the Number of lots in that unit (99 lots in unit 144V) = Bond Amount per each lot in that unit ($46,800.12 in unit 144V). This method results in every home in a specific unit having the same bond amount, while largely ignoring actual lot sizes, home models, or sales price. Every homeowner will have the same exact bond as any other home in their unit, even though the lots in a unit can vary significantly in size, and homes prices can vary by $100K or $200K in a unit.
The 2 car garage on this Jubilee model is only 20 feet deep. We need at least 21 feet to park our Silverado. My 25 year old courtyard villa's 1.5 car garage is at least 21 feet deep because our truck fits inside. I like the walk in pantry on this house, but that's about it. I don't like kitchens to be that open. Except for the bedrooms, this house is just one giant room. And the bonds are so high that they may reach a breaking point.
Thanks Tim, interesting..the listed house for sale is darn ugly...worst on the block...The other ones look really nice, but it is staggering how small the lots are if you aren't on a premium view lot..The bonds are what the are...Its part of the whole Villages model of development, so of course they will go up as they try and keep the listed price attractive..
I like the new (I think), SOD logo in the upper right corner. Nice Touch.
Yes it's a watermark
The bonds are getting out of control
Yes 💯💯
That’s pretty reasonable for a new home. No wonder there are so many pre-owned homes available
@@Pryselessone yes
Kristen Villas are life-style visit homes
Yes a.k.a accommodation homes
Could the difference in the 144V and 229V bonds be attributable, in part, to the large pond in 144V, impacting the bond calculation & total acreage in 144V?
The bond calculation for a residential unit (like unit 144V) is confusing, based on a complicated formula that considers the number of acres in a district, the number of lots (homes) in a unit, and a couple other factors, while ignoring the size of your lot or the cost of your home.
The bond amounts are similar in range for Shady Brook ($25,787 to $50597) and Well Point ($26,938 to $51,449). The bonds for patio villas sections are very similar, within $1,000 in these two villages, since lot size and density are similar. In district 14, the Enclave area with fewer lots per acre, their bond in unit 84V (the Enclave) is $72.080.
The 3-step formula to calculate bonds in a residential unit is:
1. Total principal Bond Amount for a District ($155,490,000 infrastructure bond costs in District 15), divided by the Total Assessable Acres (638.98 acres in District 15) in the district = Bond Amount per Acre ($243,341 for District 15).
2. Bond Amount per Acre ($243,341 × Number of Acres in a unit (19.04 acres in unit 144V) = Total Bond for a Unit ($4,633,212 for unit 144V).
3. Total Bond for a Unit ($4,633,212 divided by the Number of lots in that unit (99 lots in unit 144V) = Bond Amount per each lot in that unit ($46,800.12 in unit 144V).
This method results in every home in a specific unit having the same bond amount, while largely ignoring actual lot sizes, home models, or sales price. Every homeowner will have the same exact bond as any other home in their unit, even though the lots in a unit can vary significantly in size, and homes prices can vary by $100K or $200K in a unit.
Yes differences are due to build able acreage in each district
The 2 car garage on this Jubilee model is only 20 feet deep. We need at least 21 feet to park our Silverado. My 25 year old courtyard villa's 1.5 car garage is at least 21 feet deep because our truck fits inside. I like the walk in pantry on this house, but that's about it. I don't like kitchens to be that open. Except for the bedrooms, this house is just one giant room. And the bonds are so high that they may reach a breaking point.
Thank you
Thanks Tim, interesting..the listed house for sale is darn ugly...worst on the block...The other ones look really nice, but it is staggering how small the lots are if you aren't on a premium view lot..The bonds are what the are...Its part of the whole Villages model of development, so of course they will go up as they try and keep the listed price attractive..
Thank you
Agree! No charm at all.