Yes, this property is on leased land. There are many things to consider when deciding if leased land is appropriate or not for your scenario. The availability, or not, of financing for these properties, both present and future, is a critical factor that will influence the value of the property long after the purchase. I'm both a Realtor and Mortgage Broker, with top licensing both state and federal, I have decades of experience of all types of residential properties, and although my office is in Newport Beach, I live in Huntington Beach and know the area well. I recently sold a condo on leased land near this one. If you're not already committed to working with one agent, please contact me. I'll be happy to supply you with lists of all area properties that meet your criteria, plus I can prequalify you for your financing, if you're not a cash buyer. No pressure. Just results. If you are already committed to working with one agent--this is a question for your agent. Happy house hunting!
James Melton, Realtor & Mortgage Broker, CA DRE Broker #01222353, NMLS #300133
President, Victory Mortgage & Real Estate Home Loans & Sales Since 1979, NMLS #366399
2901 W. PCH, Suite 200, Newport Beach, CA 92663
cell(714)318-4664, phone(949)939-9676 or (714)374-0022, fax(714)844-9094
Howard & Geri Breen--714-425-1899 http://www.thebreenteam.com
My advice in this market with low rates and low prices, is to search somewhere is a range affordable to you without leased land if at all possible. Give me a ring. http://www.barbarawaldowski.com
Leased Land properties must be weighed out. Is it worth perhaps paying less for the property and a higher monthly charge? Many questions are needed to be asked to base your decision. I am familiar with it all to well. Feel free to contact me at (714) 308-1000 or email: email@example.com
DRE # 01474064
Realty One Group
Thank you so kindly
If I can be of any other help, please feel free to call me at 714-296-7270 or email me at firstname.lastname@example.org.
Barbara Robbins-Olexa, Broker
L B Brokerage