The over 55 Huntington Harbour Village is truly a hidden gem by the beach.
What was once a traditional mobile home park in a prime location in Huntington Beach is now a beautiful owner-occupied fee simple HOA. Fee simple means the homeowner holds title to the land. This is important because there is no monthly lease fee that can increase over time.
The only stipulation is the home placed on the land must a manufactured home. Wait until you see the lovely homes being installed in Huntington Harbour Village! These are not your cousin’s double-wide of yesterday. These pre-built homes are known for being well-built, airtight, affordable and customizable.
Many over 55 homeowners in LA and Orange County will find this community of interest because it will allow them to carry their current tax base with them on the purchase of a new property. There are a few stipulations such as you must be over 55 and the replacement home’s purchase price must be less than the home sold.
For example, this homeowner bought their 2,000 square foot Long Beach house in the 90s for $225,000. Since property tax is based on purchase price and then increases yearly at a rate of not more than 2% the homeowner was paying taxes under $5,000 per year. The homeowner sold the Long Beach house for $800,000. The purchase of the $650,000 home in Huntington Beach would normally result in a yearly tax bill of nearly $8,000 but by applying for the Senior Replacement Benefit the homeowner will retain their low $5,000/year tax bill. (Click here more information on Prop 60/90).
If you have questions or would like to preview the Huntington Harbour Village call Michele K directly at 562-243-2171.