Property Q&A in 94579>Question Details

Gareth Ling, Home Buyer in California

Is it really a good bargain?

Asked by Gareth Ling, California Fri Jan 9, 2009

With an average sales price at $380,775 in CA 94579, how come this house at 111 Santa Teresa, San Leandro CA 94579 can be sold at a price of $168,530? Is it really a good bargain?
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This question is about this property: http://www.trulia.com/property/1072644644-111-Santa-Teresa-S…

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Answers

3
Hi Gareth,

This is a manufactured home situated in a mobile home park. Manufactured homes won't have as much value as a permanent home built on site.
Manufactured homes and mobile homes (especially the newer ones) can be quite beautiful with vaulted ceilings and large open living areas.
Keep in mind that in this market you can probably find a permanent home you'd like for not too much more than the sales price of this manufactured home.
Let me know if you need my help finding a home of your own...........................................Bonnie
0 votes Thank Flag Link Fri Jan 9, 2009
in addition,this is a 55+ mobile park. please keep in mind that mobiles depreciate (like cars) and there may be financing issues. if you are interested in this mobile,I suggest you get your agent to check for the original price. $168K seems awfully pricey for a mobile.
0 votes Thank Flag Link Fri Jan 9, 2009
Gareth:

This is a manufactured home located in a mobile home park. Prices for these types of homes are very low because they don't include any land. Space rent is required for a home such as this - in this cases, probably around $600.00 a month.

Let me know if you have any other questions.
Web Reference: http://www.carlmedford.com
0 votes Thank Flag Link Fri Jan 9, 2009
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