LAGUNA WOODS, Calif. (KTLA) — If you’re in the market for a new condo, you could probably pay for this one with the money in your wallet. The asking price is just $1.
The 500 square-foot condo is in the Orange County retirement community of Laguna Woods.
The owner wants to sell it right away, and is even offering a $1,500 credit for new paint and carpeting. So what’s the catch?
Since the home is in a retirement community, the buyer must be 55 or older and pay the monthly homeowners association fee of $1,700.
So far, there have not been any offers.
3 Comments to “O.C. Condo for Sale… For Just $1”
December 19, 2012 at 9:30 AM
$1,700/mo. for a 500 square foot apartment? Yeah, right.
Offer to pay $800/month to the condo association throughout all eternity and maybe then we'll talk.
December 19, 2012 at 11:22 AM
The $1,700 includes all utilities, including cable, weekly housekeeping, and daily formal dining, bus services to local shopping and healthcare facilities, $8 a round golf course, 5 swimming pools, 8 clubhouses with activities and classes all 10 miles from the ocean with a view from every condo in the 2 – 14 story towers.
December 20, 2012 at 1:51 AM
Property taxes are probably through the roof. No wonder nothing sells these days. They think everyone is rich as crap. Many people are either poor or full of more debt than they can handle.