Recent Sales
Alpine
New-Frontier/ Santee
MT Helix/ La Mesa
$625,000
Closed on 03/12/2020
MT Helix/ La Mesa
New-Frontier/ Santee
MT Helix/ La Mesa
Sold for $875,000.000
Closed on 04/18/2020
New-Frontier/ Santee
New-Frontier/ Santee
New-Frontier/ Santee
$265,000.00
Closed on 04/10/2020
San Carlos / San Diego
San Carlos / San Diego
New-Frontier/ Santee
$825,000
Closed on 03/29/2020
El Cajon
San Carlos / San Diego
Highland Park / Santee
$365,000
01/25/2020
Highland Park / Santee
San Carlos / San Diego
Highland Park / Santee
$285,000.00
Closed on 12/20/2020
Here are 3 common ways Mobilehome Parks are operated.
The Land Lease.
This is the most common of the 3. You purchase the MobileHome and pay a lease to the park. When purchasing the buyer will have to be approved by the park. Usually the buyer has to have a 650 credit score and income 3x's the park rent. In these types of parks the homes are usually more affordable than the other 2. The down side is the lease goes up on a monthly basis. Land leases can run any where from $600 to $1,500 a month! It's important to understand the lease increases before making a offer.
Resident Owned Community (ROC)
In a resident-owned community (ROC), homeowners form a non-profit business called a cooperative. Each household is a Member of the cooperative, which owns the land and manages the business that is the community. Members continue to own their own homes individually and an equal share of the land beneath the entire neighborhood. There are many benefits to living in a ROC.
You Own the Land!
Those communities typically have a homeowners association (HOA) run by park developers or the residents. The HOA establishes community rules, and dues often run in the $200-$300/month range. Often trash, water, sewage, and park maintenance are covered by your dues. You’ll also need to follow the rules of the HOA, which might limit which colors you can paint your house and where you can park, among other thing