In previewing homes for sale in Chino this past week I found unheard of new construction homes for sale. These homes are built on lot sizes that are close to 7500 Square feet. New home construction in this market area, you seldom see this lot sizes are closer too 5000 Square feet.
No Mello-Roos:
Mello-Roos is the common name for the Community Facilities District Act, enacted by the California Legislature in 1982. The name comes from its co-authors, Senator Henry Mello of the Monterey area and Los Angeles assemblyman Mike Roos. Mello-Roos enabled "Community Facilities Districts" (CFD's) to be established by local government agencies as a means of obtaining community funding.
Taxes on new construction are closer to 2% in the market area, not on the homes in this new subdivision closer to 1.06%.
David HoodKeller Williams Realty
Chino Hills Ca Real Estate
Office Phone: (877) 380-7992
Cell Phone: (909) 972-5569
Visit our web site Chino Real Estate
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