circa

Circa 1965 Tennessee Brick Ranch For Sale $55K – Contingent

Circa 1965 Brick Ranch For Sale! The Buyer must meet membership requirements for Uplands Village, a Life Plan Community (55+ CCRC) and execute a membership contract with payment of membership fee at closing. Additional monthly service and maintenance (HOA) fees apply. – Per Realtor

164 Hickory Hill Rd, Sparta, TN 38583  $55,000

 

4 Comments

  • Tina M Magee Corry

    Must be really high fees. Ive never seen membership fees, one time thing at closing. I have no problems with hoa’s either. But to call that a 55+community home is a joke. Lots of work to make that home right for seniors+ fee+ monthly dues! Not for me!

  • George Bahr

    I dont think so. 1/3 of an acre and I gotta join a darn hot and be told what color I can paint my own house.
    That place can stay unsold forever.

  • Robert Pennington

    Many houses for sale. This review says it ALL!

    We thought we were making a wise decision four years ago by moving into Uplands Village Independent Living at relatively young ages, 63 and 59. The entrance fees were low, $15,000 each and monthly fees were low, $320.00 each. However, in the four years we lived at Uplands, monthly fees increased 90%. The reason? Uplands is presently $13 million in debt. This happened due to poor management. When we arrived 4 years ago, Uplands was $7 million in debt. For years, fees had not been increased to cover expenses. Just before we signed our contract, fees had been raised about 100% to $320/month which we thought was fair. We anticipated fees would increase 4%-6% annually. However, Uplands incurred an additional $8million in debt . At this time, the salary of the Executive Director increased to $250,000/year, egregiously above salaries in the area with comparable responsibility. Also, Uplands continued to “invest” its endowments in a philanthropic organization with low returns and also continued to contribute funds to local charities. These factors necessitated staffing and service cuts to decrease operating expenses and an increase in independent living fees of 90% in four years. Because we could no longer afford Uplands, we were forced to leave. Uplands insists upon enforcing the contract requiring us to pay Uplands 20% of the proceeds of our house and $210/month in maintenance even though we no longer reside in the house. Uplands is a UCC affiliated religious organization that does not pay taxes.

Leave a Reply