DISCLAIMER: This web blog is the ORIGINAL SOURCE – and – NOW ONLY SOURCE – FOR INFORMATION REGARDING VAN LOON COMMONS and the only apologies made by the owners are to their dear family members for buying a CONDO IN FLORIDA.
The PDF below shows the changes in the 11 or so years since Van Loon was built using tax records of sales prices and turnovers. ( there may be some couple errors or omissions due to typos) Since 2006, we have watched the prices of Van Loon skyrocket, crash and now normalize. The result is a community with condos that are virtually the same in construction but vastly different in cost to owner. See the attached list which show current owners paying between 62k and 250k in a 10 year period. Each are assessed equal dues for the amenities (currently about $400 a month) and have an equal vote and say in “company business” though not equal investment in the financial well-being of the association.
We spoke with a friend this week about his association in Fort Myers Beach and how he was being assessed $8,000 for the Board’s having spend their $1 million of Reserves on projects and needing to replenish it. How can this happen? Van Loon just voted to allow its Board to “borrow” from time to time and a couple years back voted to not dedicate reserves to specific projects. Who of the ownership is going to have any idea what is going on? To our knowledge, we are the only owners who ever asked to review any actual financials; even the current BOD President told us that we were the ONLY ONES like it was a bad thing and went to the attorneys each time we asked. That is sad, really. We repeat: copies should be available for inspection IN THE CLUBHOUSE OFFICE – not at a rotating management company office 20-30 minutes away.
The turnover of condos at Van Loon has been increasing lately but it is really disturbing to see sales after owning 3 months or less. There are 2 right now with that situation and it is likely they were not prepared for the Van Loon “Welcome Wagon.
To Be Continued When Time Permits or We Feel Like it
Water Meter Tags: Why were they put on in Jan and not in 2014??
Pam Decraene’s 4 Minute Voice Message to the Huttons on January 30th. ???