Resale-only community, builder closed. Here is what the due diligence process looks like, what costs to confirm, and what questions to ask before making an offer.
| Document | What to Look For | Red Flag |
|---|---|---|
| Current HOA fee schedule | Monthly or quarterly fee, what is included | Fees recently increased significantly or increases pending |
| HOA reserve study (most recent) | Reserve funding percentage — 70%+ is healthy | Below 50% funded means special assessments are likely |
| HOA financial statements (2–3 years) | Operating surplus or deficit, reserve contributions | Operating deficit or reserves not being funded |
| HOA meeting minutes (last 12 months) | Pending capital projects, deferred maintenance, disputes | Roof replacements, paving, or major repairs discussed but not funded |
| Seller tax bills (2 years) | Actual tax amount, any CDD or special district lines | Unexpected assessment lines not disclosed upfront |
| Home inspection | Roof age and condition, HVAC age, plumbing, structural | Roof near end of life — duplex/quad structure means shared wall inspections too |
Current HOA fees at Villages of Seloy are set by the HOA board and not publicly listed. Fees at comparable attached-home 55+ communities in St. Johns County run $300–$600/month depending on what is included. At Villages of Seloy, the HOA for an attached home community typically covers: exterior building maintenance and painting, roof reserves, landscaping, clubhouse, pool, and common area upkeep. That is a broader coverage than a single-family detached HOA — which is why the fees tend to be higher per month but the individual maintenance responsibility is lower.
Villages of Seloy is in St. Augustine proper — which means St. Johns County millage of 13.47 mills plus any applicable St. Augustine city millage. The city millage for 2025 is approximately 5.10 mills, which adds to the county rate for properties within city limits. If Villages of Seloy falls within St. Augustine city limits, your effective millage is higher than the county-only rate used for suburban communities like Parkland Preserve and Reverie.
On a $350,000 home at the combined county + city rate (approximately 18.57 mills), after the $50,000 homestead exemption, year-one property tax is approximately $5,571/year ($464/month). Verify the exact millage for the specific parcel at sjcpa.us.
Location within St. Augustine proper is the primary draw. Buyers who want proximity to the historic district, cultural events, restaurants, and the Intracoastal — without suburban commutes — find that the location premium at Seloy is worth the additional due diligence compared to suburban communities. The attached home structure also reduces exterior maintenance responsibility compared to a standalone single-family home, even if the HOA fee is higher.
Buying resale at Villages of Seloy requires HOA financials, a reserve study, and a home inspection before you can accurately assess total cost. An agent with experience in this community can get those documents and help you interpret what you find.
Connect with a Local Agent →HOA fee not publicly confirmed — request from HOA directly. Reserve study status not confirmed — request before closing. City millage figure is approximate for illustrative purposes — verify at sjcpa.us for specific parcel. Builder closure per 55places community record. This page is for research purposes only.