Phil Jago at First Equity in Fort Bragg should be able to help. His phone number is (707) 964-0708. Tell him I sent you. Kara Zilboorg Sea Cottage Real Estate. Give me a call when he gets you qualified, (707) 937-0423.... more
It is true, the lease is for 5 years at a time. But, this is just for the use of the land the home sits on. You own your home, the lease is separate. Every five years you sign a new lease because they increase the amount you pay. So, if you purchase a home there and do not pay cash, you will have your monthly mortgage payment plus the monthly lease payment. My family has owned a home there for 36 years.... more
The 5 year lease for this property, #92 in The Woods senior community, carries a monthly payment of $549. This covers the land, the taxes on the land, garbage, water, road maintenance, electrical and propane hookups, the clubhouse (library, game room, large well-equipped kitchen, meeting room with large TV, restrooms, etc.), plus an indoor heated swimming pool, hot tub, exercise room, dressing rooms, remote backup laundry facilities, priority with assisted living needs, and more...
Each property in the park has a unique monthly rate based upon a formula established 43 years ago and adjusted since by the CPI. There are 23 different rental amounts spread over the 109 homes ranging currently from $549 to $754. The owners of The Woods, the Northern California Presbyterian Homes and Services, work diligently to ensure the facility meets the needs of its homeowners while controlling costs to the best of their abilities...... more