Sagewood (NC)

Key facts from Sagewood (NC)'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Association defined as Sagewood Homeowne)

Units / lots

Not explicitly stated; defined by Plat (Plat Book 61, Page 193) and may be added via Additional Property (Section 1.19 and Section 2.1)

Developer / declarant

SHEA INVESTMENT FUND 4, LLC, a North Carolina limited liability company (First paragraph of Declaration (B32010-P)

Governing law

North Carolina Planned Community Act, §47F-1-101 et seq. (Statement of Purpose (B32010-P931))

Assessments & dues

Set annually by Board; initial set by Declarant (Section 6.3)

Special assessments

Allowed for construction, reconstruction, or unanticipated extraordinary costs (Section 6.5)

Collections & liens

Assessments constitute a lien on Lot; Association may foreclose; also personal obligation (Sections 5.2 and 6.1)

Reserves & fees

Required, funded from Annual Assessment, for maintenance, repairs, unanticipated expenses (Section 4.7)

Pets

Dogs, cats, household pets allowed; no breeding commercially (Section 7.17)

Parking & vehicles

Cannot be used as residence; parked on Lot for more than 24 hours only if off public roads and not in front/side yard; must have current license plate (Section 7.15)

Fences

Black wrought iron or aluminum; stone/brick columns ok; no chain link, stockade, wood, picket; max 5 ft; not in front of dwelling face (Section 7.10)

Architectural approval

Yes, ACC must approve fences, walls, antennas, satellite dishes, basketball goals, mailboxes, tree removal, and other improvements per Guidelines (Sections 7.10, 7.12, 7.13, 7.19, 7.22, A)

Signs & flags

Generally prohibited except for up to 5 sq ft sign for sale/rent, construction/sales, and temporary political signs. Declarant signs exempt. (Section 7.11)

Setbacks / home size

Building setback lines per Plat; minor violations up to 10% may be waived by Board (Sections 7.4 and 7.5)

Maintenance

Owner maintains Lot and Improvements; Association maintains Common Areas and Public Roads until accepted by NCDOT (Section 4.6 and 7.14)

Insurance

Blanket property insurance for insurable improvements on Common Areas (Section 8.1.1 (B32010-P951))

Use restrictions

All Lots for private residential and recreational purposes only (Section 7.1)

Voting & meetings

Class A (each Owner 1 vote per Lot) and Class B (Declarant 4 votes per Lot owned) until Turnover (Section 4.2)

Amendments

Requires consent of Declarant during Declarant Control Period; thereafter 67% of voting Members (Bylaws Article 12 (from text page 30))

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.