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24055 Paseo Del Lago 1255, Laguna Woods, California 92637, Laguna Woods, 92637 - 1 bed, 2 bath

24055 Paseo Del Lago 1255, Laguna Woods, California 92637 home-pic-0
ACTIVE$120,000
24055 Paseo Del Lago 1255, Laguna Woods, California 92637
1Bed
2Baths
975Sqft
1,000Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Community Amenities: Located in Laguna Woods, a premier senior community offering an unparalleled array of amenities including 5 pools, 4 hot tubs, a 27-hole golf course, tennis courts, 7 clubhouses, 200+ clubs, 3 fitness centers, a theater, and a convenient bus system.
Top Cons:
Exorbitant Monthly Association Fee: The monthly association fee of $2,855.84 is exceptionally high, which could be a significant financial barrier for potential buyers despite the included services.

Compared to the nearby listings

Price:$120.0K vs avg $500.0K ($-380,000)5%
Size:975 sqft vs avg 1,162 sqft20%
Price/sqft:$123 vs avg $4414%

More Insights

Built in 1974 (51 years old).
Condition: The property, built in 1974, is 50 years old. While the listing mentions a 'remodeled' kitchen, the images reveal a very basic and dated setup with a portable 2-burner cooktop, older white cabinets, and laminate countertops. The bathrooms also feature dated vanities, light fixtures, and shower enclosures. The overall aesthetic, including the carpeted living areas, suggests that any renovations were either very superficial or occurred 20-30+ years ago. The home appears clean and maintained, but the key areas of the kitchen and bathrooms are significantly outdated and would require minor to moderate updates to meet current buyer expectations.
Year Built
1974
Close
-
List price
$120K
Original List price
$150K
Price/Sqft
$123
HOA
$2,855.84
Days on market
-
Sold On
-
MLS number
OC25201252
Home ConditionFair
Features
Good View: City Lights, Canyon, Hills, Panoramic
Deck
ViewCity Lights,Canyon,Hills,Panoramic

About this home

This is a highly sought after "G" floor plan at the Towers, with gorgeous views of the Southern California Sunsets! This home has a huge bedroom and 1.5 bathrooms. The dining room and living room lead to the step out balcony that runs the length of the home. The kitchen has been remodeled and features a 2 burner cook top, fridge plus an added bar with more storage and counter space. The master bedroom is massive and has a walk in closet plus a slider to the deck and an en suite bathroom with shower. The home also features a convenient guest half bathroom at the entry. Located in Laguna Woods, a SENIOR community, the Towers features many amenities. Currently INCLUDED in the monthly fee are: a monthly $500 dining credit to use in the 2 dining rooms, housekeeping, electiricty, water, trash, basic cable, plus on site activities: live entertainment, bingo, movies, exercise classes, card rooms, parties & more! Living in Laguna Woods means access to a bus system around the community, to area shopping, restaurants, medical facilities; 5 pools & 4 hot tubs; 27-hole golf course, tennis, library, state-of-the art crafts facility, 7 clubhouses, 200+ clubs, 3 fitness centers, theater, horseback riding/stables, garden centers, basketball, billiards, bocce ball, Emeritus classes & more! Come enjoy resort style living at its best!

Condition Rating
Fair
The property, built in 1974, is 50 years old. While the listing mentions a 'remodeled' kitchen, the images reveal a very basic and dated setup with a portable 2-burner cooktop, older white cabinets, and laminate countertops. The bathrooms also feature dated vanities, light fixtures, and shower enclosures. The overall aesthetic, including the carpeted living areas, suggests that any renovations were either very superficial or occurred 20-30+ years ago. The home appears clean and maintained, but the key areas of the kitchen and bathrooms are significantly outdated and would require minor to moderate updates to meet current buyer expectations.
Pros & Cons

Pros

Extensive Community Amenities: Located in Laguna Woods, a premier senior community offering an unparalleled array of amenities including 5 pools, 4 hot tubs, a 27-hole golf course, tennis courts, 7 clubhouses, 200+ clubs, 3 fitness centers, a theater, and a convenient bus system.
All-Inclusive Monthly Fee Value: The monthly fee provides significant value by including a $500 dining credit, housekeeping services, electricity, water, trash, basic cable, and a wide range of on-site activities, simplifying living expenses.
Desirable Panoramic Views: The property boasts gorgeous panoramic views of Southern California sunsets, city lights, canyon, and hills, enhancing its aesthetic appeal and living experience.
Remodeled Kitchen & Spacious Master Suite: The kitchen has been remodeled with an added bar for extra storage and counter space. The home features a massive master bedroom with a walk-in closet and an en-suite bathroom, plus a convenient guest half-bath.
Private Full-Length Balcony: A step-out balcony runs the entire length of the home, accessible from both the living room and master bedroom, offering private outdoor space and extending the living area.

Cons

Exorbitant Monthly Association Fee: The monthly association fee of $2,855.84 is exceptionally high, which could be a significant financial barrier for potential buyers despite the included services.
Age-Restricted Community: As a property within a 55+ senior community, the potential buyer pool is significantly limited, which can impact market demand and resale velocity.
History of Price Reductions: The property has undergone multiple price reductions from its original list price of $149,900 to $120,000, indicating market resistance and challenges in attracting buyers at previous price points.

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