Villages of Seloy: HOA Fees & Financial Due Diligence

St. Augustine, FL  ·  240 Attached Homes  ·  Resale Only  ·  Original Builder Closed

Villages of Seloy does not have a builder to call for fee information. The original developer is no longer in business. The HOA is run entirely by resident homeowners, and fees are set by the board's annual budget process. Current HOA fees are not publicly listed anywhere online — they must be requested directly from the HOA or through a listing agent representing a seller. This page tells you exactly what documents to request, what numbers to look for, and how to assess whether the community's finances are in good shape before you make an offer.

This Is the Most Due-Diligence-Intensive Community in This MarketNo active builder. Resale only. Attached homes sharing walls. Original developer closed. These four facts combine to make Villages of Seloy the community where pre-offer financial investigation matters most. The documents you request before making an offer will tell you more about what you are buying than any listing description or in-person tour.

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The Documents You Must Request Before Making an Offer

DocumentWhat to Look ForRed Flag
Current HOA fee scheduleMonthly or quarterly fee, what is included (exterior maintenance, roof reserves, pool, landscaping)Fee recently increased by more than 10–15%, or increases are scheduled without reserve justification
HOA reserve study (current)Reserve funding percentage — industry standard is 70%+ fundedBelow 50% funded: near-term special assessments are likely. Below 30%: near-certain within 3–5 years
HOA annual budget (current year)Operating expenses vs income, reserve contributionsOperating at a deficit, or reserve contributions below what the reserve study recommends
HOA financial statements (2–3 years)Trend in fees, expenses, and reserve balanceDeclining reserve balance year over year, or unexplained large expenditures
HOA meeting minutes (12–24 months)Pending capital projects, deferred maintenance, disputes, special assessments discussed or votedRoof replacements, repaving, pool equipment, or HVAC system repairs discussed but not funded
Seller tax bills (2 years)Actual annual property tax amount, any special district assessmentsUnexpected CDD or special assessment lines not disclosed upfront
Home inspectionRoof age and condition, HVAC age, plumbing, structural — shared wall inspection tooRoof within 5 years of end-of-life, HVAC over 10 years old, moisture or structural issues

What HOA Fees at an Attached Community Typically Cover

In an attached-home community like Villages of Seloy (duplex and quad construction), the HOA fee structure typically covers significantly more than a single-family detached HOA. Common inclusions for attached communities in Florida:

This broader coverage is why attached-home HOA fees tend to run higher per month than detached single-family HOAs. At Villages of Seloy, the fee you pay covers exterior maintenance you would otherwise hire and pay for directly. The effective cost comparison is not just HOA fee — it is HOA fee minus what you would pay independently for exterior maintenance, painting, and roof reserves on a standalone home.

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Property Tax — The St. Augustine City Factor

Villages of Seloy is in St. Augustine proper. Properties within the City of St. Augustine pay both the St. Johns County millage (13.47 mills in 2025) and a separate City of St. Augustine millage (approximately 5.10 mills in 2025). The combined rate is approximately 18.57 mills — notably higher than the 13.47 mills that applies to suburban communities like Parkland Preserve, Reverie, and WaterSong.

Purchase PriceYear-1 Tax (County Only — 13.47 mills)Year-1 Tax (County + City — est. 18.57 mills)City Premium Per Year
$300,000$3,368~$4,643~$1,275
$350,000$4,041~$5,572~$1,531
$400,000$4,715~$6,500~$1,785
Verify Parcel-Specific MillageNot all properties with a St. Augustine address are within City of St. Augustine limits. Some addresses use St. Augustine as the city name but are in unincorporated St. Johns County and pay only county millage. Verify your specific parcel's taxing authority at sjcpa.us — the tax detail shows the breakdown by taxing district including whether a city levy applies.

How to Think About Cost Here vs Newer Communities

The realistic cost comparison for Villages of Seloy requires knowing: the current HOA fee, whether a CDD applies, and the correct property tax figure including any city millage. Until you have all three numbers confirmed, you cannot meaningfully compare Seloy to Parkland Preserve or Reverie on cost. The location value — St. Augustine proper, not suburban — is real and may justify the higher carrying cost for buyers where city proximity is the primary draw. Run the confirmed numbers first.

Request the HOA financials and reserve study before you tour Villages of Seloy. A local agent familiar with this community can get the current fee schedule and tell you what the reserve funding level looks like.

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HOA fees not publicly confirmed — request from HOA or listing agent. City of St. Augustine millage approximately 5.10 mills (2025) — verify current rate and confirm parcel-specific applicability at sjcpa.us. St. Johns County millage 13.47 mills. Builder closure per 55places community record. This page is for research purposes only.

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