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Thursday, Oct 17, 2024

Home Value Based on Location, Location, Location!

Housing costs have gone up dramatically over the last few years.  Mobile homes and manufactured homes are also selling for more these days in the Southern California region.  The key to the “value” of a home has always been linked to the adage, it depends on “Location, Location and Location!”  The very same home located in a beach close community will sell for much more than one located inland.  And manufactured homes located right on the beach as selling for millions!  A recent publication of the magazine Homes and Land Orange County promotes the sale of a two-bedroom, two-bath 1,600 square foot home listed for $2,090,000.  The home is located in the Capistrano Shores Mobile Home Park in San Clemente.  But, that is not the only home for sale in the Park.  A check of Zillow current listings show three more listings ranging from $3,195,000 to $7,995,00.  The fact that these homes are located right on the sand in a gated 90 space Park has a lot to do with the pricing.  Two of the four homes for sale combined two lots (two manufactured homes) to provide more living space.  Additionally, the owners of the mobile homes were able to afford to purchase the Park when it was for sale a few years ago.  They share ownership of the community and, according to the sales listings, currently pay a $1,592 monthly home owners association fee.  There are very limited number of ocean front mobile home communities, but there are many manufactured housing communities located in very desirable locations throughout the State that offer residents a wonderful lifestyle and quality of life. 

Sources: INHABIT Real Estate June 2024, Zillow

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