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Full Property Details for 3625 Sw Quail Meadow Trail, Unit #a. 1  Sold For: $123,000. 2  HOA FEE: $300. 3  Taxes: $1,597. 4  Status: Closed. 5  Type: Condo /Townhouse. 6  MLS ID: RX-10132649. 7  Added: 821 day(s) ago.
Many condos and townhomes -- both new construction and existing properties -- impose a capital contribution (sometimes called an initiation fee) on new owners. This is a one-time, nonrefundable fee paid by the buyer at closing.Once collected, the capital contribution is deposited into the HOA's reserve fund, which serves as a savings account for the property. The capital contribution rate is set by the HOA, but it is typically equal to two months of HOA dues.o if the monthly HOA fee is $250, the buyer would need to bring an additional $500 to the closing to cover the capital contribution fee. Move-In Fee. Prior to moving in, new residents of a condo or townhome may be required to pay a move-in fee.