About Oxnard's Seabridge

Those Pesky Mello Roos fees (also known as the Community Facilities District Act enacted by the California State Legislature in 1982) are hog-tieing communities in Southern California. Created as an "end run" around Proposition 13, not controlled by the inflation rate nor the will of the people but by developers and cities to fund infrastructure and improvements such as schools, roads, streets, water, sewage and drainage, electricity, parks and police protection have outlived their usefulness and need to be reconsidered. While property tax is assessed as percentage of the value of the home, Mello-Roos is independent and could rise or lower and is not subject to Proposition 13.

In this declining real estate market properties in communities with these pesky fees are almost impossible to sell. Before the buyer can even consider what the mortgage payment might be, they have to consider HOA fees and Mello Roos fees which can sometime add up to over $1,000 per month. Then add the mortgage payment and you have a recipe for failure. Frequently these communities are in areas without a huge tax base and in order to bring in builders and developers, the cities encourage imposing Mello Roos fees. Some of these communities now sit mostly vacant and incomplete because buyers are "scared" off by what it will cost them to get in the door.

Seabridge, an upscale marina community in Oxnard has Mello Roos Fees. The median price for homes at the moment is about $575,000; in RiverPark, a master planned community also in Oxnard has the same fees. Median price in this community is approximately $325,000. The demographic for both communities is very different and yet they are both saddled with these fees. It is tough to explain and justify to anyone buying in either place that the first $1,000 goes to just getting in the door.

Active confrontation and letter writing to your local representative would certainly be the way to start. If you have a listing that is hog-tied by Mello Roos fees, get on the band wagon and lets do an end run around these fees.

4020 Galapagos Way, Oxnard, CA Offered at $615,000

SEABRIDGE PORT MERIDIAN COLLECTION PLAN 1

Stunning attention to detail and design come together to create an inviting living environment. This 3 bedroom 2.5 bath 2,619 sq. ft. single family home has hardwood floors, built-in cabinets in the niche area and a gorgeous fireplace surround. The master bedroom and retreat are separated by a fireplace that adds warmth throughout the suite. A french door leads to a charming balcony off the master retreat. The flowing floor-plan wraps around a private interior courtyard that invites evening dinners alfresco. French doors open from the formal dining room onto the courtyard allowing ocean breezes to move through the house.

Enjoy sunning and swimming in the waterside Seabridge pool or working out in the private gym. Entertain in the Seabridge clubhouse complete with a full catering kitchen, outdoor fireplace, BBQ's and guest dock. Stroll along the waterside paths to shop or take a cruise in your electric boat with family and friends.

The Seabridge enclave is located in the Channel Islands harbor between Malibu and Santa Barbara.

COME LIVE THE CHANNEL ISLANDS LIFESTYLE!

Seabridge Marina and Marketplace

The transformation is outstanding...really something that has to be seen. Seabridge is located about 60 miles North of Los Angeles, halfway between Malibu and Santa Barbara on the beautiful California Gold Coast. The Seabridge Marina is an extension of the Channel Islands Harbor with the gorgeious Channel Islands located just off our coastline. The Channel Islands is a group of islands which were once the home of the Chumash Indians and are now a National Park. Great place to visit.

Seabridge now has two new islands, Coral and Shell Islands. Shell Island is a gated community of single family homes and Coral Island, which is also gated, has both single family homes and condominiums as well as the Fitness Center and Clubhouse for the Seabridge Community.

Single family homes start at around 2400 square feet and go up to 3600 square feet. The condominiums start at 1700 square feet and go up to 2100 square feet. The condominiums are all 3 story "flats" with common secure parking under the building. All of the single family homes have either 2 or 3 car garages attached.

Now is a great time to buy with the builder offering some close out specials. Call me for more information on pricing and availability, as it is constantly changing.