$545,500
$545,500
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2 Beds
1 Bath
574 SqFt
SOLD DATE : 02/23/2024
Key Details
Sold Price $545,500
Property Type Manufactured Home
Listing Status Sold
Purchase Type For Sale
Square Footage 574 sqft
Price per Sqft $950
MLS Listing ID PW-24000077
Sold Date 02/23/24
Bedrooms 2
Full Baths 1
HOA Fees $700/mo
Year Built 1961
Lot Size 1.327 Acres
Property Description
VALUE IN THE LAND AND LOCATION: Twenty-seven owners share 1/27 ownership of the total land of the Thurston Mobile Home Park (apx. 1.33 acres in all). Adjacent "Downtown Laguna Beach" lot 22 named the "Sugar Shack" because of its retreat-like ambience, is a Laguna Beach hideaway featuring a rich garden area and exclusive privacy. It's priced at the very bottom of the market: next up, maybe $1.5/Million to $1.8 Million for a single-family residence in Laguna. That's some spread. Except for a few stragglers, this applies to all of Orange County as well. Located within Thurston Park, an all-ages twenty-seven lot mobile home community, it's just a short walk to the Village of Laguna Beach and apx. five blocks to the beach. The Homeowner Association fee at the time of this writing, 1/24, is $700 per month per owner, but may vary by escrow closing. As you probably know, this is an incredibly low price for Orange County. Unique to the community, to maintain an owner-occupied resident environment, is that typical beachside summer rentals are not allowed, nor renting of any kind per Covenant, Conditions, and Restrictions of the Homeowner's Association. The Association itself, however, owns and maintains for the benefit of all owners three rentals whose income helps keep HOA expenses exceptionally low for all owners. Utilities, including electric, water, gas, and trash are paid for by the Thurston Park Association as well as property taxes. Note: Lot 22 is located at the far back right corner of park.
Location
State CA
County Orange
Interior
Interior Features Furnished
Heating Wall Furnace
Cooling None
Flooring Carpet, Vinyl
Laundry None
Exterior
Garage Paved, Parking Space, On Site
Pool None
Community Features Rural
Utilities Available Sewer Connected, Water Connected, Other, Electricity Connected, Natural Gas Connected
View Y/N No
View None
Building
Lot Description Level
Sewer Public Sewer
Schools
Elementary Schools Elmorro
Middle Schools Thurston
High Schools Laguna Beach
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Lic# 01770909 | 01834114