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Jacksonville Florida Real Estate Blog

Get latest news and real estate development in Jacksonville, Florida. A real estate blog by Will Vasana, Realtor.

September 15, 2007

Condo Conversions Turn Into Lawsuits

Some companies that recently converted local apartment complexes into condominiums are being taken to court by homeowners. The Florida-Times Union published a list of communities that have either filed suit or threatened to sue the developers:

The Boxwood at Baymeadows
Address: 4915 Baymeadows Road
Built: 1971
Unit: 100
Developer: The Boxwood at Baymeadows LLC; Arlington Properties Inc. of Birmingham, AL, managing partner
Complaints: New roofs installed over rotted wood, fire hydrants leaking, failing plumbing, flooding and rodent infestation
Status: Lawsuit filed in May 2006; judgment pending

Captiva
Address: 3401 Townsend Blvd.
Built: 1975
Unit: 64
Developer: SM-Eagles Point LLC, an affiliate of SMG Development in Bradenton
Complaints: Leaking roofs, low water pressure, defective fixtures
Status: Lawsuit filed in October 2006; judgment pending

The Grand Reserve
Address: 13810 Sutton Park Drive N.
Built: 1987
Unit: 388
Developer: Grand Reserve Condominiums LLC, an affiliate of Julian LeCraw & Co. of Atlanta
Complaints: Valley in roofs, crushed attic vents, metal staircases sway, wrong-sized water heaters installed, interior walls not fire rated
Status: Lawsuit filed in August 2006, another filed in August 2007; judgment pending for both

Lakecrest
Address: 10150 Belle Rive Blvd.
Built: 1992
Unit: 284
Developer: Crosswinds at Arbor Lakes LLC, an affiliate of Crosswinds Communities of Novi, Michigan
Complaints: Windows installed improperly, stucco finish on exterior walls defective, and water damage
Status: Lawsuit filed in August; judgment pending

Montreux at Deerwood Lake
Address: 8550 Touchton Road
Built: 2003
Unit: 444
Developer: Montreux at Deerwood Lake LLC; Tarragon South Development Corp. of Ft. Lauderdale, managing member
Complaints: Poor maintenance caused leaking roofs, sinking foundations, rotting siding, damaged fencing and degraded parking area
Status: Homeowners threatened to sue in May if developer's property managers weren't fired; new managers on site, problems being resolved

Sonoma Southside
Address: 7740 Southside Blvd.
Built: 1975
Unit: 264
Developer: New Dawn Southside LLC, an affiliate of Key Real Estate Development Corp. of Coconut Grove
Complaints: Defective septic pump, frequent water outages, crumbing stucco, electric systems improperly wired
Status: Lawyer retained this year, trying to negotiate with developer but lawsuit is expected to be filed in about a month

The Preserve
Address: 1000 Harbour Vista Circle, St. Augustine
Built: 2000
Unit: 328
Developer: The Preserve on Anastasia Island LLLP, an affiliate of Montecito Property Co.
Complaints: Leaking roofs and windows, water damage; developer says former owners deliberately hid defects prior to sale
Status: Developer is suing former owner of the apartment complex, lawsuit filed in February 2006; judgment pending

The Venetian on the Ortega
Address: 5375 Ortega Farms Blvd (formerly 5309 Timuquana Rd.)
Built: 1969
Unit: 137
Developer: The Venetian on the Ortega LLLP, an affiliate of Montecito Property Co., Jacksonville
Complaints: Overflowing tubs and toilets, leaking roofs, malfunctioning irrigation system and failing patios
Status: Individual homeowners filed suit in 2005 and 2006; condo association settled out of court; repairs nearly done

Villas of Timberlin Parc
Address: 7701 Timberlin Park Blvd.
Built: 1997
Unit: 320
Developer: Timberlin Parc Development Co., an affiliate of Florida Crystals Corp. in West Palm Beach
Complaints: Water intrusion from improperly installed windows, walls and roofs
Status: Lawsuit filed in January 2007, judgment pending

Source: The Florida-Times Union

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3 Comments:

  • At 1:23 AM, Anonymous The Role of a Realtor said…

    When going to buy or sell a home, your first step should be finding a honest and hard-working realtor.


    When going to buy or sell a home, your first step should be finding an honest and hard-working realtor. You can find a real estate agent by keeping an eye out for advertisements, calling your local real estate broker, or through the internet.

    The role of a real estate agent is to represent your best interests in a real estate transaction. They work off of a commission, normally 6% of the sales price of the home. In most cases, that commission is split equally between the realtor representing the buyer and the realtor representing the seller. For a person buying a home, the service of the real estate agent is free, because commission is paid by the seller. The buyer, however, is responsible for most of the closing costs. The closing costs will be explained to you by your realtor and will be on the documents you sign when you go to the title company. Closing costs can also be negotiated on during the contract process.

    The real estate agent, through their broker, has access to all of the MLS (Multiple Listing Service) listed homes in your area of interest. If you are a home buyer, the realtor can provide you with information about homes for sale that meet your criteria. They will then bring you to these homes and let you inside to see them. If you are selling a home, the realtor will list your home in the MLS, post a "For Sale" sign in your yard, and hold open houses to attract buyers. Be wary of discount realtors that offer to list your home for a lower commission. Studies show that, in most cases, your home will stay on the market longer and you end up selling it for a lower price than what you intended.

    A real estate transaction is a complicated process that involves many steps and is best done with the help of a trained, licensed professional. A realtor can save you the headache of dealing with the other party in the sale, getting together the contract, and submitting all the documents to the title company. So when you are ready to buy or sell a house, contact the local real estate agent.
    I had come to know these kind of information through the realtor site which I have recently visited http://www.realestateinwoodstock.com

    This site shows much useful information about the real estate business

     
  • At 4:20 PM, Blogger Phyllis said…

    Is the lawsuit against Sonoma of Southside in Jacksonville, FL still open? If not, what do I need to do to join? Thanks. Phyllis

     
  • At 2:17 PM, Anonymous Anonymous said…

    I would like to know if a lawsuit is still going forward naming Sonoma at Southside. Please help.

    Thanks

    Gary Clemons

    gclemons@aol.com

     

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