Lake Hills Reserve - SilverSage - Stunning, Spectacular Views
(Please note that Silver Sage is all sold out and are no longer available as new homes from the builder.)
High above Riverside and Corona, CA sits a newer development, Lake Hills Reserve which is nearly half a mile above the valley floor. The builder is Brehm Communities. There are five communities within Lake Hills Reserve and three of them are still selling homes (SilverSage, High Point, and Rock Ridge). SilverSage is the community that I'm going to discuss in this blog.
View from the master bedroom of a model home. Wow!!
The community amenities in Lake Hills Reserve include: a very nice residents' club with a pool, park, covered pavilion and playground and a new elementary school.
The HOA will max out at $206 per month. The base tax rate here is 1.12325% and there is a CFD. The CFD for the homes in SilverSage is $5170 per year. (CFD's are explained in the next paragraph. Here is an example of what your taxes would be if you bought a home for $550,000 - base tax rate of 1.12325% plus the $5170 CFD and a few other very small special taxes would bring your total tax rate to about 1.95%. I have one client tell me that the taxes are worth it for the incredible views that you get here.
If you don't know what a CFD is, it is a Mello-Roos tax, which is a form of financing used by cities, counties and special districts to pay for costs of infrastructure, schools, and public services such as police, fire or ambulance. Money is raised by selling bonds, then properties within the CFD receive an annual special tax to pay off the bonded debt. The special tax is secured by a lien on each property, which is subject to accelerated foreclosure if property taxes are not paid on time. More information on Mello-Roos.
Call me if you are thinking of buying or selling a house in Lake Hills Reserve or anywhere in Riverside or Corona. My number is 951-840-5212 or contact me by e-mail at vicki@pedersen-team.com or go to my website, Pedersen-Team.com Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715 Copyright © 2010 by Vicki Pedersen, All Rights Reserved.*Lake Hills Reserve-Riverside CA* 
We are very interested in purchasing a home with a view. Please send us a listing of the houses that are still available with a view to the lake or the city.
Regards, Mitch.
Interested in a home in the Silver Sage community contact me @ 7149316643 thans.