Condo fees are outrageous..check this story out.
$1 condo fails to get offers
LAGUNA WOODS, Calif. (UPI) -- A California condo being listed for $1
is proving hard to sell due to its location in a retirement community
and $1,718 a month in homeowners association dues.
Cathy Flores, the listing agent for the condo in The Towers complex in Laguna Woods, said the sellers want only $1 for the 500-square-foot condo and are offering to pay $1,500 for new paint and carpeting but she has yet to receive an offer for the property, the Orange County (Calif.) Register reported Tuesday.
The fourth-floor condo features dinner service, maid service and utilities included, but Flores said potential buyers are put off by the condo being in a retirement community -- which means no residents under the age of 55 are allowed -- and charging $1,718 a month in dues to the homeowners association.
"It is a good deal, but it's not a good investment," Flores said. It's really for someone looking to enjoy the amenities in Laguna Woods.
Cathy Flores, the listing agent for the condo in The Towers complex in Laguna Woods, said the sellers want only $1 for the 500-square-foot condo and are offering to pay $1,500 for new paint and carpeting but she has yet to receive an offer for the property, the Orange County (Calif.) Register reported Tuesday.
The fourth-floor condo features dinner service, maid service and utilities included, but Flores said potential buyers are put off by the condo being in a retirement community -- which means no residents under the age of 55 are allowed -- and charging $1,718 a month in dues to the homeowners association.
"It is a good deal, but it's not a good investment," Flores said. It's really for someone looking to enjoy the amenities in Laguna Woods.
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