March 2020

One of the most common questions we get from real estate home buyers is the question about Mello Roos.  I heard this term a lot when I first moved to California and had no idea what people were talking about.  It's worth getting to know this term as it can cost you a lot of money if the home has it.  It's pretty simple, home builders are always looking to save costs when building a brand new community.  Often times they will create a bond called Mello Roos which essentially pass on many of the neighborhood building costs to the buyer.  Things like sidewalks, streets, etc are costs that are often paid by the buyer in a Mello Roos bond.  The bond itself normally ranges around 30 years but I've seen it as low as 25 years, it all depends on various factors.

One of the newest communities to offer brand new construction homes in Carlsbad is the Ashton on Brady Circle neighborhood.  The homes are located on the street of Brady Circle and hence the name Ashton on Brady Circle.  The street features several upscale homes that were built brand new in 2002 with select properties located on large oversized lots.  The new development is slated for 7 new construction homes with one and two story floor plans.  Two of these homes have been released for sale in our Multiple Listing Service.  The first one is located at 1643 Brady Circle which is a one story home with a total of five bedrooms, four and a half baths and an approximate 2,837 square feet of living space.  It's currently listed at $1,345,000.  One of the