Located near the cross streets of Indianapolis and Newman in Huntington Beach is the The Pacific Sands community. It's not uncommon to find one story homes in the mid $700,000 range that average around 3 bedrooms with 1,300 square feet. These are very popular homes that tend to sell very quickly if priced accordingly. One thing to keep in mind when buying in this area is that some of the homes are on lease land. The land fee will vary depending on the property as we have seen fee's around $193.00 to $250.00 a month.
There are several good things about this land lease. First, the land lease is set to expire in mid year 2020. Second, since we are less than one year away many sellers are offering to pay the final payments through escrow. Buyer is often asked to pay the transfer fee for the land lease which works out to around 1% of the total selling price. Some listings that have been on the market have given the buyer the option to pay a termination fee of approximately $11,782 which waives the transfer fee. This way the land will be deeded free and clear at the close of escrow. Of course, all of these numbers are merely estimates and we strongly recommend calling Allen Brock with Pacific Sands at (323) 850-6666, Ext. 24 with any questions. Pacific Sands is a great place to live with home built in the early 1960's with no homeowners association dues. To learn more about the Pacific Sands community please contact any of our Huntington Beach Real Estate agents at 949-482-1313 today.