The monthly mutual fee (HOA) includes the water, trash and maintenance on the common areas. It also includes maintenance on the Leisure World standard appliance inside of the unit. If the homeowner replaces the appliances with non-standard appliances, then the new ones are not covered
Yes, shareholders have the option to pay their monthly assessments via direct debit from their checking account. Leisure World have a simple form to fill out and requires a blank voided check. The direct debit amount will be the amount of the monthly assessment only. If there are other charges to the shareholder’s account, such as a service maintenance invoice, those types of charges will need to be paid by check or cash.
In January Leisure World in Seal Beach had 112 units listed for sale. At the end of July The active listing had doped to only 24 units for sale. During that same time period, the average sale price increased about $10,000 per month. In August the downward trend reversed. As of today, 68 units are listed for sale. Each day, I am seeing more units come on the market. They are still selling, but the increased inventory is causing the cheaper ones to sell faster.
Just listed for $240,000 – 2 bedroom 1 bath, 1,100 square foot expanded unit.
CLICK ON PHOTO TO SEE VIRTUAL TOUR
- Smoking is prohibited in the Amphitheater area, including the stage, restrooms and sound booth.
- Smoking is prohibited in all interior rooms of Clubhouses One, Two, Three, Four, Five, and Six, including auditoriums, stages, lobbies, lounges, hallways, rest rooms, kitchens, pool rooms, sewing rooms, card room, wood shops, lapidary, art and ceramic rooms, as well as locker storage areas.
- Smoking is prohibited in the interior of the golf starters’ area, including restrooms and shower rooms.
- Smoking is prohibited in the pool area.
Leisure World in Seal Beach, only has 1 pool. It is kept heated to a toasty 85 degrees to accommodate the residents. Only residents are allow to use the pool or be in the pool area.
The good news is Yes You Can! Because California is a community property state, it is considered as joint income. Leisure World only requires that the purchasing spouse have some income (not the full qualifying amount). The non purchasing spouses income can make up the difference and (if they want) can live in the unit as a “Non-Owner Co-Occupant.
The number of units listed for sale as taken a sharp decline. On January 1, 2013 the total number of units listed for sale was 112. As of March 3, 2013 only 65 units were listed for sale.
The 65 units breakdown as follows:
15 – 1 bedrooms
33 – 2 bedrooms and 1 bath
15 – 2 bedrooms and 2 baths
This is great news for those who currently own units. All indications are that we are heading into a sellers market.
The chart below shows the number of units sold in 2012 sorted by price range. In all of 2012 a total of 487 units closed escrow. Of these closed sales 94% sold for under $200,000. Less than 1% sold for over $300,000