Bradford Place Clubs, Round Lake — True Cost of Ownership
Lake County | Round Lake | 79 homes | 55+ | Homes $170K–$280K | HOA ~$175/mo
Bradford Place Clubs is among the most affordable 55+ communities in Lake County at $170K–$280K home prices. Lake County's ~2.5% effective property tax rate — the highest of any county in this market — is partly offset by the lower purchase prices: a $210K home generates $5,250/year in tax rather than the $10,000–$13,000 tax bills on Lake County homes in the $400K–$520K range. For buyers who want to be in Lake County specifically — for family proximity, familiar services, or north Lake County recreational access — but need to stay within a tighter budget, Bradford Place is one of the few communities where that is achievable.
Monthly Cost Breakdown
| Cost Item | Est. Monthly (Low) | Est. Monthly (High) | Notes |
|---|---|---|---|
| HOA fee | $165 | $185 | Common areas; verify inclusions |
| Property tax | $354 | $583 | Lake ~2.5%; on $170K–$280K homes |
| Lawn care | $60 | $105 | Owner responsibility |
| Homeowners insurance | $80 | $128 | Lower home values; full structure |
| Utilities | $155 | $240 | Not in HOA |
| Total monthly (excl. mortgage) | ~$814 | ~$1,241 |
Lake County Tax by Home Value
| Purchase Price | Annual Tax Est. | Monthly |
|---|---|---|
| $170,000 | $4,250 | $354 |
| $210,000 | $5,250 | $438 |
| $245,000 | $6,125 | $510 |
| $280,000 | $7,000 | $583 |
10-Year Projection — $215K Home
| Cost Item | 10-Year Estimate |
|---|---|
| HOA fees (3% annual increase from $175/mo) | ~$24,300 |
| Property tax (~$5,375/yr) | ~$55,900 |
| Lawn care (~$80/mo) | ~$9,600 |
| Insurance (~$102/mo) | ~$12,200 |
| Utilities (~$195/mo) | ~$23,400 |
| Total non-mortgage cost (10 yr) | ~$125,400 |
Questions on Bradford Place Clubs?
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