Somerset Farms, Sycamore — True Cost of Ownership
DeKalb County | Sycamore | 96 homes | 55+ | Homes $180K–$295K | HOA ~$175/mo
Somerset Farms and Old Mill Park are both 55+ communities in Sycamore, both in DeKalb County, and the only two communities in this entire market guide located outside the collar counties. The DeKalb County context — small-town Sycamore, county seat character, genuine downtown, ~2.3% effective property tax — applies identically to both communities. The differences between Somerset Farms and Old Mill Park come down to home style, HOA structure, and physical location within Sycamore. Buyers seriously considering this market should tour both before deciding.
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Talk to a Specialist →Monthly Cost Breakdown
| Cost Item | Est. Monthly (Low) | Est. Monthly (High) | Notes |
|---|---|---|---|
| HOA fee | $165 | $185 | Common areas; verify exact inclusions |
| Property tax | $345 | $565 | DeKalb ~2.3%; on $180K–$295K homes |
| Lawn care | $60 | $105 | Owner responsibility |
| Homeowners insurance | $90 | $138 | Full structure; lower home values help |
| Utilities | $165 | $245 | Not in HOA |
| Total monthly (excl. mortgage) | ~$825 | ~$1,238 |
DeKalb County Tax by Home Value
| Purchase Price | Annual Tax Est. | Monthly |
|---|---|---|
| $180,000 | $4,140 | $345 |
| $220,000 | $5,060 | $422 |
| $258,000 | $5,934 | $495 |
| $295,000 | $6,785 | $565 |
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10-Year Projection — $225K Home
| Cost Item | 10-Year Estimate |
|---|---|
| HOA fees (3% annual increase from $175/mo) | ~$24,300 |
| Property tax (~$5,175/yr) | ~$53,800 |
| Lawn care (~$80/mo) | ~$9,600 |
| Insurance (~$112/mo) | ~$13,400 |
| Utilities (~$202/mo) | ~$24,200 |
| Total non-mortgage cost (10 yr) | ~$125,300 |
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