The purchaser of the property must be 55 years old but the disabled child can live with the owner/resident. So, this is an exception to the min. age requirement. The other exception might
be for a caregiver to live in. I need clarification of what you mean by "Do HUD rules apply here."
Give me a call at Rossmoor Realty so we can chat about this situation. Karen Henson at 925-287-3324... more
I'm surprised to hear anyone say that prices haven't dropped as much in Rossmoor as elsewhere. Unfortunately, they have fallen a huge amount and really haven't started to rebound in most cases. I have spent about 7 hours showing properties in Rossmoor in the last two days and am working with 4 very active buyers. This has been very tough on the sellers, but it's an incredible time for buyers. With such low prices and low interest rates, we have seen a very high level of activity. Once the prices and rates start to go up again, the increased monthly payment can put a lot of homes out of reach. You can always look and test the waters for yourself. Then you are ready to make an informed decision for yourself.... more
There are some fiscal requirements..... depends upon what mutual you reside in such as you must make 4 X the monthly coupon and that varies depending upon where you purchase. Monthly HOA fees can run from $550 and up - most include garbage, basic cable. Prices can run from approx. $350,000 up - some condos have garages and some carports. Need to know specifically what your price range is and what you would be looking for such as upper level, 2 bdrms, 2 baths or 1 bath, carport, garage, washer/dryer in unit, views, etc.
$7,000 Golden Rain Foundation one time membership fee
The most recent tax assessment for this condo is 190K. This does not mean this is what it will sell for today (it could be more) because the assessment is based on how much the owner paid for it when he bought it i 2003 (and that info is not available). This tax assessment will adjust. when it resells.
There is not another unit like this that sold recently. The closest one is a 2 BR/2 BA 860 sq ft condo that transferred ownership for $280K in August 2009.