Ramapo River Reserve Condos Oakland New Jersey
Ramapo River Reserve Condos Oakland New Jersey
- Avg. Prices: $575,000 + –
- Avg Taxes: $12,000 – $15,000
- Est. Monthly Maint: $162 – $200
The Ramapo River Reserve community in Oakland, NJ was completed in 2004 and consisting of 315 single family homes and 85 townhouses located ona 300 acre site with rolling hills and on the banks of the Ramapo River. Needless to say the setting is magnificent.
Amenities include swimming pools, decks, gym and attending events in the 2-story Gathering Room complete with fireplace and fully-equipped kitchen. Children enjoy the playgrounds.
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Disclaimer: Maintenance fees change yearly in each complex and it would be remiss on our part to put an exact number since it may change at anytime so we have placed an average figures of similar complexes. Taxes can vary in any complex, some complexes have 500 sq. ft. studio and also have three bedroom 2,000 sq. ft. units. PLEASE VERIFY with our Community Specialist, they can give you the exact taxes and maintenance fees on any particular unit.
Availability: Large complexes with 75 units and above typically have 5-10 units available, smaller complexes with less than 50 may have 1 or two.
The Maintenance Fee: Typically in this type of development the maintenance fee covers exterior maintenance, snow removal, lawn, roof replacement, insurance of building, management fee, reserve fund replenishment for capital improvements such as driveway replacement and repairs. Each complex is different as far as what is covered, but this is a general guide.
About this type of complex: If the complex is under 50 units it probably does not have much as far as amenities which keeps the maintenance fees more affordable. Larger complexes typically have outdoor pools, tennis clubhouses etc.
Caveats: I would certainly verify the financial status of the complex, insure there is sufficient funds in the reserve account to cover expected failures such as roofs, driveway etc.
The Good: Condo style living it great for the individual that wants to free themselves up from the day to day costs of running a home. No lawn care and outside work to be done.
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