Harbour Vista Land Lease

Posted by Sam Smith Team on Monday, May 2nd, 2016 at 3:59pm.

The Harbour Vista community in Huntington Beach has been offering some of the lowest priced condos for sale in the past years.  One bedroom condos are now selling in the $190,000 range and two bedroom units start at $289,000. Sometimes when things are too good to be true there always seems to be a catch.  One of the important things to understand when buying in this community is that the homes are located on leased land.  There is also a homeowners association dues that are paid on a monthly basis and average around $421.00 a month.  What you get for the monthly due is a large community pool area, spa and outdoor barbecue area.

The land lease is a little tricky to understand.  There is a website for the Harbor Vista News that gives a breakdown of how all of this works.  It basically states that the lease will expire on 08-31-2016 and then the owner has the option to renew for an additional 15 years if given written notice 6 months prior to the lease expiration date.  Monthly lease dues typically average $220.00 a month.  Since the lease expiration comes in a relatively short time getting a loan in this community can be a little difficult.  Some lenders are doing a 15 to 20 year loan while other agents prefer cash offers.  It's crucial to understand that even though you can buy a condo for under $200,000 you will have a monthly combined homeowners association and lease land fee the equals $641.00 a month.  This is a big number for a lot of people who can afford a $200,000 home.

To learn more about this community please feel free to contact us at 949-482-1313.  We will do our best to answer any questions regarding the Harbour Vista neighborhood.

Harbour Vista Condos For Sale | Huntington Beach Real Estate

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Huntington Beach 16581 Grunion

Price Reduction! Unit #203 in the beautiful Harbour Vista Gated Community in beautiful Huntington Beach, CA This 2 bedroom 2 full bath with 1 car detached garage, located in a quiet central location of the Community surrounded by a peaceful creek. This unit has an extra large deck off the master bedroom to enjoy the quiet creek below. Built in closet organizers in both bedrooms. Kitchen with tile floors and granite countertops for a clean smooth look and easy to care for with adjoining inter...$305,000

$305,000
2 Beds
2 Baths
1,166 SqFt
113 Days On Market

Huntington Beach 4791 Lago Drive 105

The beach is calling!! Located less than 2 miles from the water this beautiful condo is located in a quiet, resort like, gated community. This is a ground floor, newly remodeled corner unit. The large living room features an elegant tiled gas fireplace and a sliding glass door leading to your private patio where you can enjoy a peek a boo view of one the many man-made ponds. The kitchen features ample cupboard space, all stainless steel appliances and a breakfast bar. Off the kitchen is a sep...$280,000

$280,000
1 Beds
1 Baths
843 SqFt
27 Days On Market

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