Buyers of townhomes for sale in Franklin Square at Crosswater have recurring expenses on their hands in the form of HOA (Homeowners Association) and CDD (Community Development District) fees. These are payable monthly (HOA) and annually (CDD). The fees charged depend on the plot size, the amenities offered that require maintenance, and a few other factors.
HOA fees in Franklin Square: The typical HOA fees in the community range between $250 and $270 per month. The fund is used for maintenance of lawns and landscapes, entry gate, pest control, house exteriors, which is exclusive to townhome neighborhoods only in Nocatee, and other common areas. HOA fees might be higher than those in other Nocatee communities, but this is offset by low-maintenance living.
CDD fees in Franklin Square: CDD fees typically range between $1,800 and $2,500 per year. This amount is billed with the annual property tax, and the collected fund is used for the maintenance of the greater Nocatee community roads, drainage, parks, trails, and other community amenities and infrastructure.