15,000$ and it's listed that way on multiple sites. It is small (730 sq feet is the estimate) but even so, how is this possible? What's the big catch? I'd expect obvious repairs will be needed and updates, it's clearly not a luxury home. But 15,000$? Am I simply reading it wrong? I know it says the HOA fees are 515$ monthly, so that's definitely adding to the price.
I know most of the area and Layton isn't the lowest income place either. It is lower end financially, but certainly not the lowest.
I'm sorry if this is a dumb question and there's a clear and obvious catch - or that it's just simply not worth that much, including our time, but I'm just trying to learn what I can. Thank you!
@Morgan Jarman - Could just be a typo. Does $150,000 sound more reasonable? Or maybe $75,000, or $85,000. Possibilities are endless. Just call up the listing agent and ask if he/she really meant $15,000.
As far a the fees even in very expensive Loudoun County, VA, those kind of HOA fees are for condos. Sometimes the HOA fees are listed separately, sometimes lumped together. This doesn't seem to be a condominium unit though. What is included in HOA fees? Are all the utilities included? I doubt it. That could be a typo too. lol
I do not believe it is a home built on site. Most likely a single wide trailer. Sorry 99% confident it was a mobile home placed on a lot. High hoa fee suggests it is space rental..... CA mobile home assoc fee.
I think I will walk away quickly. They do not appreciate even next to Google headquarters in CA.