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Why Are Parkway Homes So Inexpensive?


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#16 headshrink

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Posted 22 June 2007 - 07:48 PM

QUOTE(mylo @ May 27 2007, 01:13 PM) View Post
ARCN's HOA dues are voluntary, and even then only ~$150/year in most areas smile.gif



What!!!??? Why would anyone "volunteer" then? If my constitutional history is accurate, I understand TAXES used to be voluntary too!

#17 headshrink

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Posted 22 June 2007 - 07:51 PM

I wasn't thinking of moving, but you can have my house for 100K over market!


#18 mylo

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Posted 22 June 2007 - 08:56 PM

QUOTE(headshrink @ Jun 22 2007, 08:48 PM) View Post
What!!!??? Why would anyone "volunteer" then? If my constitutional history is accurate, I understand TAXES used to be voluntary too!

I pay it. I think the HOA adds value and controls their costs well (they post their financial reports on http://www.arcnha.com/)

"Ah, yes, those Gucci extremists and their Prada jihad!" --ducky

#19 headshrink

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Posted 22 June 2007 - 10:46 PM

QUOTE(mylo @ Jun 22 2007, 09:56 PM) View Post
I pay it. I think the HOA adds value and controls their costs well (they post their financial reports on http://www.arcnha.com/)



You can pay mine too :D

I know not all of arcn is voluntary.... The Cascades pays more than I do in The Parkway - they get a lot less and a whole lot more headache too!

#20 old soldier

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Posted 23 June 2007 - 10:01 AM

now I could live with voluntary ccr's, or a setup where you can pick and choose the ones you want to obey.

its the ones where you get letters or you can't sleep at night cause you got house guests parking on the street.

you could get a sign like your alarm sign saying we don't participate in the neighborhood ccr program.

#21 headshrink

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Posted 23 June 2007 - 12:45 PM

QUOTE(old soldier @ Jun 23 2007, 11:01 AM) View Post
now I could live with voluntary ccr's, or a setup where you can pick and choose the ones you want to obey.

its the ones where you get letters or you can't sleep at night cause you got house guests parking on the street.

you could get a sign like your alarm sign saying we don't participate in the neighborhood ccr program.



I'm with Old Soldier

#22 mylo

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Posted 23 June 2007 - 06:55 PM

Fortunately, the CC&R's aren't voluntary. The HOA will get you, even if you're not a paying subscriber smile.gif
"Ah, yes, those Gucci extremists and their Prada jihad!" --ducky

#23 EDF

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Posted 24 June 2007 - 09:05 AM

QUOTE(mylo @ Jun 23 2007, 07:55 PM) View Post
Fortunately, the CC&R's aren't voluntary. The HOA will get you, even if you're not a paying subscriber smile.gif



I like the older parts of the Parkway close to the Oak Chan School.. and the parks over there...

I bet you can find a great deal over there...and you have all the extra amenities...

also Lexington Hills has some great buys and they have more parks I think than any neighborhood in town and the two creek trails

#24 realtor

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Posted 24 June 2007 - 09:11 PM

I was wondering when someone was going to point out the difference between the new and old parkway. I have sold properties in the old parkway and find the neighbors there to be very happy with the ways things are but the newer parkway seems to have more people not happy with the CCR's. I think it has more to do with the HOA costs...the older parts are at $96mo while the newer ones are higher. Also most of the older properties were built by different builders and it shows in the construction. Just my two cents...

#25 lisasellshouses

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Posted 25 June 2007 - 09:37 AM

QUOTE(EDF @ Jun 24 2007, 10:05 AM) View Post
I like the older parts of the Parkway close to the Oak Chan School.. and the parks over there...

I bet you can find a great deal over there...and you have all the extra amenities...

also Lexington Hills has some great buys and they have more parks I think than any neighborhood in town and the two creek trails


The older parkway is still very popular...I just sold 2 listings both in less than a week....we had multiple offers on both....it always comes down to price, condition, location and marketing....

The neighborhood is very friendly....HOA's are not for everyone....
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#26 headshrink

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Posted 25 June 2007 - 10:31 AM

QUOTE(lisasellshouses @ Jun 25 2007, 10:37 AM) View Post
The older parkway is still very popular...I just sold 2 listings both in less than a week....we had multiple offers on both....it always comes down to price, condition, location and marketing....

The neighborhood is very friendly....HOA's are not for everyone....



Impressive - why have all the other listings in PW been sitting? Too high a price?

#27 lisasellshouses

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Posted 25 June 2007 - 06:07 PM

QUOTE(headshrink @ Jun 25 2007, 11:31 AM) View Post
Impressive - why have all the other listings in PW been sitting? Too high a price?


Well, fair market value is what a willing and able buyer is willing to pay for a piece of property.....so usually it has to do with price, condition, location....and last marketing....in my opinion you cant just put something on mls and expect people to see it...

what makes your house stand out over the other 373 houses in folsom today? what is your motivation to move?

short sales are different, thats a whole different conversation....banks are only responding to about 20% right now....so many are ending up in foreclosure....sad.gif

But most people would be surprised to hear that folsom is selling the same number of homes as we sold in 2005, just as many buyers( may 2005-(85 homes closed), may 2007-86 homes closed....they just have more to choose from....interest rates are higher, so sitting on the fence is not neccessarily good either....

sellers still have control to sell their home...they just cant be out of control....
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#28 realtor

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Posted 25 June 2007 - 08:43 PM

QUOTE(headshrink @ Jun 25 2007, 11:31 AM) View Post
Impressive - why have all the other listings in PW been sitting? Too high a price?


Another consideration is the grammar school. I haven't looked up how things shook out with the re-districting but I know sales slowed when word got out that the new PW would be assigned to Theodore Judah and not Empire Ranch. I know of people who pulled out of buying due to that reason alone.

#29 Eeestll

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Posted 26 June 2007 - 08:08 AM

I bought in the old Parkway because of the bigger trees, more mature landscape, and being able to walk to the school. When I heard the new parkway did not belong to Oak Chan, there was no way I was going to buy in that part of the community.


#30 Dr. Folsom

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Posted 26 June 2007 - 09:53 AM

QUOTE(Eeestll @ Jun 26 2007, 09:08 AM) View Post
I bought in the old Parkway because of the bigger trees, more mature landscape, and being able to walk to the school. When I heard the new parkway did not belong to Oak Chan, there was no way I was going to buy in that part of the community.



I thought new Parkway went to Empire Oaks. What is wrong with Empire Oaks




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