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Mello Roos, CFDs,1915 Bonds etc... AKA The New Home Tax
- Thread starter irvinehomeowner
- Start date
NEW -> Contingent Buyer Assistance Program
We are paying a little under $4K/yr in CFD this year for ~2100 sq ft home in woodbury.
Ready2Downsize
Well-known member
I was told it couldn't be prepaid in this development (Pavilion Park).
When we paid our bond off in Arborcrest we could only pay one of the two bonds (more expensive one). The mello we still have ($685 per year).
When we paid our bond off in Arborcrest we could only pay one of the two bonds (more expensive one). The mello we still have ($685 per year).
Ready2Downsize
Well-known member
You might have to call the city. When we wanted to pay ours off the sales office at Arbor Crest was EXTREMELY unhelpful. The city knew the exact amt and yes, we got some off the total bond because we weren't accumulating interest.
Did you get your info from disclosures on buying a home in PP? I asked the sales staff at Hawthorn but don't have actual disclosures (which is how we found out about it when we bought in Arborcrest) since we don't have an actual home we're buying yet but I would REALLY like to know the answer to the question as to whether we can pay it off.
Btw............. our option was pay the entire bond IN escrow or give up the option of EVER prepaying it.
Did you get your info from disclosures on buying a home in PP? I asked the sales staff at Hawthorn but don't have actual disclosures (which is how we found out about it when we bought in Arborcrest) since we don't have an actual home we're buying yet but I would REALLY like to know the answer to the question as to whether we can pay it off.
Btw............. our option was pay the entire bond IN escrow or give up the option of EVER prepaying it.
Ready2Downsize
Well-known member
I believe PP can go higher than that.
notTHEoc said:Am I on the right track here? For a ~2,000-3000 sq ft sfr in Irvine, CFD tax will be in the following vicinities
Northpark areas: ~$2,000
Woodbury: ~$2,000-3,000
Stonegate: ~$3,000-3,500
CV: ~$3,000-3,500
Portola Springs: ~$4,000-5,000
Pavilion Park: ~$5,000-7,000. Anyone else have 2% increase, and if yes, does it always go up 2%?
I know this info is out there/not hard to find. But to make it easier, just trying to figure out if this is right ballpark. Any areas too high or low?
We are paying a little under $4K/yr in CFD this year for ~2100 sq ft home in woodbury.
Ready2Downsize
Well-known member
My husband handled it and as I recall he got the run around as well (and now there are prob less people to handle the same amount of work).
But eventually he got thru to "THE" person at the city who helped us.
Please let me know what you find out. I am thinking the bond is considerably higher than what we paid 15 years ago but it might be worth it to anyone who wants to wrap the bond into their mortgage if it actually lowers the total amount they pay out (Principle, interest, taxes) per year.
But eventually he got thru to "THE" person at the city who helped us.
Please let me know what you find out. I am thinking the bond is considerably higher than what we paid 15 years ago but it might be worth it to anyone who wants to wrap the bond into their mortgage if it actually lowers the total amount they pay out (Principle, interest, taxes) per year.
Ready2Downsize
Well-known member
I'm not positive, but I THINK the person who gave the quote was Scott Koppel. (I found it on my escrow papers).