Assessments
Stone Ridge is a planned urban development (PUD) located in Loudoun County, Virginia. The Stone Ridge Community offers a mix of residential living options, amenities, and commercial and retail selections. Stone Ridge is a Van Metre Planned Community and developed by Stone Ridge Community Development, LLC, a subsidiary of Van Metre Companies. Stone Ridge Community Development incorporated Stone Ridge Association, Inc. to serve as the Homeowners Association for the community.
Each property owner in the Stone Ridge Community is a member of the Stone Ridge Association and is required to pay membership dues to the organization. The current year’s HOA monthly assessment structure can be found below.
2023 Association Fee Structure
| Home Style | Monthly Assessment |
|---|---|
| Single Family | $109.82 |
| Savannah Collection Single Family | $172.00 1 |
| Cedarwood Single Family Homes | $164.82 1 |
| Townhouse | $107.97 2 |
| Stone Mill Corner & Summerwalk Condominiums | $107.97 3 |
| Amber Springs, CentrePark, Mercer Park, and Stone Springs Condominiums | $81.12 3 |
1 Savannah and Cedarwood Single Family homeowners pay a higher HOA fee because yard maintenance is included in their monthly dues.
2 Loudoun County considers streets in Townhouse residential areas to be private. Therefore, townhouse owners pay an increased fee to the HOA to cover the cost of goods and services not provided by the county (e.g., snow removal and other private street related services and maintenance). Townhome owners also pay into reserves, which ensures that future maintenance and repairs to the private streets will be done, thereby maintaining property values.
3 Condominium owners have access to all Stone Ridge Amenities. Condo owners only make one monthly assessment payment to their management company. Then the management company will pay $81.12 per unit per month to the Stone Ridge Association to cover use of amenities. Questions regarding the condominium assessment fee should be directed to them.
Financial Management
| Home Style |
|---|
| Single Family Homes Stone Mill Corner Condominiums Townhomes |
| Management Company |
| FirstService Residential 11351 Random Hills Road, Suite 500 Fairfax, VA 22030 Phone: (703) 385-1133 Fax: (703) 591-5785 |
| Home Style |
|---|
| Amber Spring Condominiums Mercer Park Condominiums Stone Springs Condominiums Summerwalk Condominiums |
| Management Company |
| SFMC, Inc 9464 Innovation Drive Manassas, VA 20110 Phone: (703) 392-6006 Fax: (703) 392-5039 |
| Home Style |
|---|
| Centre Park Condominiums |
| Management Company |
| Select Community Services 4840 Westfields Blvd, #160 Chantilly, VA 20151 Phone: (703) 631-2003 Fax: (703) 392-5039 |
HOA assessments paid by homeowners create the Association budget which includes the following items:
- Administrative expenses incurred by the Association
- Community operating and maintenance expenses (landscaping, lighting, insurance, etc. of common and recreation areas)
- Pool administration and community center operations and maintenance
- Resident trash removal, recycling, and snow removal
- Social events and special interest activities for the community
- Website
Financial Management
| Home Style | Management Company |
|---|---|
| Single Family Homes
Townhomes Stone Mill Corner Condominiums |
SFMC, Inc 9464 Innovation Drive Manassas, VA 20110 Phone: (703) 392-6006 ext. 218 Fax: (703) 392-5039 |
| Amber Spring Condominiums Mercer Park Condominiums Stone Springs Condominiums Summerwalk Condominiums |
FirstService Residential 11351 Random Hills Road, Suite 500 Fairfax, VA 22030 Phone: (703) 385-1133 Fax: (703) 591-5785 |
| Centre Park Condominiums | Select Community Services 4840 Westfields Blvd, #160 Chantilly, VA 20151 Phone: (703) 631-2003 |
HOA assessments paid by homeowners create the Association budget which includes the following items:
- Administrative expenses incurred by the Association
- Community operating and maintenance expenses (landscaping, lighting, insurance, etc. of common and recreation areas)
- Pool administration and community center operations and maintenance
- Resident trash removal, recycling, and snow removal
- Social events and special interest activities for the community
- Website