One of the crucial aspects to consider when you are investing in Addison Park at Town Center homes for sale is the HOA (Homeowners Association) and CDD (Community Development District) fees, as they directly impact your monthly and annual budgets. Residents of Addison Park need to pay both, at the following rates approximately.
HOA fees: The average amount payable by residents of Addison Park, Nocatee, is $400 to $600 per year. It is payable monthly and covers expenses for maintenance activities that add to the aesthetic appeal of the neighborhood. These include landscaping, administrative and community services, and upkeep of signage and parks. Compared to other neighborhoods in Nocatee, the HOA fees in Addison Park are relatively low.
CDD fees: The CDD fee in Addison Park ranges between $1,500 and $3,500+ per year, depending on the lot size and home. The billing is annual and is reflected in the property tax bill. CDD is used to fund infrastructure amenities, such as roads, utilities, drainage systems, parks, trails, water parks, fitness centers, and more.