Meadowridge Villas, Sugar Grove — True Cost of Ownership
Kane County | Sugar Grove | 96 homes | Attached villas | Homes $190K–$310K | HOA ~$200/mo
Meadowridge Villas is a villa-style community in Sugar Grove — a Kane County village that has grown substantially but retains a character distinct from the commercial density of Aurora or the name-brand status of Naperville. The attached villa structure here means the $200/mo HOA likely covers more than a single-family community at the same price: exterior maintenance, building insurance, and common areas are standard condo/villa HOA inclusions. Verify the specific inclusions before comparing the fee to single-family community HOAs where lawn and exterior care are owner-paid.
Monthly Cost Breakdown
| Cost Item | Est. Monthly (Low) | Est. Monthly (High) | Notes |
|---|---|---|---|
| HOA fee | $190 | $215 | Likely includes exterior maintenance and building insurance |
| Property tax | $380 | $620 | Kane ~2.4%; on $190K–$310K homes |
| Interior insurance (HO-6) | $35 | $60 | Interior/contents only if exterior is in HOA |
| Utilities | $130 | $215 | Water may be in HOA at villa communities |
| Total monthly (excl. mortgage) | ~$735 | ~$1,110 |
Kane County Tax by Home Value
| Purchase Price | Annual Tax Est. | Monthly |
|---|---|---|
| $190,000 | $4,560 | $380 |
| $230,000 | $5,520 | $460 |
| $270,000 | $6,480 | $540 |
| $310,000 | $7,440 | $620 |
10-Year Projection — $240K Villa
| Cost Item | 10-Year Estimate |
|---|---|
| HOA fees (3% annual increase from $200/mo) | ~$27,700 |
| Property tax (~$5,760/yr) | ~$59,900 |
| Interior insurance (~$46/mo) | ~$5,500 |
| Utilities (~$170/mo) | ~$20,400 |
| Total non-mortgage cost (10 yr) | ~$113,500 |
Questions on Meadowridge Villas?
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