|
Frequently Asked Questions of Lenders and Appraisers
Time Dependant Data: Date Information Posted 05/01/09:
- There are currently 1 unit(s) for sale.
- Current quarterly operating assessments (dues): $450.
- There are currently 0 unit(s) vacant.
- There are currently 1 units rented.
- There are currently 28 units owner occupied.
- The insurance coverage expires 12/31/yearly.
- Units with roofs to be replaced will have special assessments.
- Operating assessments (dues) are typically adjusted annually.
- There are no current or pending lawsuits against the association.
- The association has no current or pending lawsuits against any unit owner.
- Insurance Information: Subject to Change January 1 of Each Year
- The association insurance policy is currently underwritten by: State Farm
- Agent: C.E. Davis , 260 Bradenton Ave., Dublin, OH 43017, (614)764-8500
- Buildings Coverage (Blanket): $8,973,700 Guaranteed Replacement Cost
- Liability:$2,000,000
- Deductible: $2500 per occurrence, unit owner pays deductible.
- Officers and Directors Fidelity: $50,000.
- The Association is the named insured.
- There is no flood or earthquake insurance.
Permanent Data:
- The name of the association is The Village At Muirfield Condominium Association.
- Total acreage of the condo complex for all phases is 7+.
- There are 10 phases in the condominium.
- No consolidated master deed has been established.
- There are a total of 29 units in all phases.
- All phases were completed by 1989.
- The condominium has no ground rent.
- The facility has always been used as a condominium.
- The condominium may not be expanded further.
- All units are owned in fee simple.
- The project is not time shared or segmented ownership.
- Unit owners have ownership interest and rights to use common and limited common elements.
- The streets within the association are public.
- There are no sidewalks.
- There are no street lights.
- There are no amenities or recreation facilities in the common elements.
- There are no designated parking areas. Parking is restricted to unit owners driveways and available street parking.
- No short term rentals (60 days or less) are permitted.
- No single entity (individual, investor group, partnership, or corporation) owns more than 1 unit of the 29 total.
- The project is self managed by the owners’ association since 1989 when it was turned over to the owners by the developer.
- The developer does not retain ownership in any common area.
- There is not more than one association for the project.
- The condominium contains both free standing and attached units (click here for map)
|