24055 Paseo Del Lago, Laguna Woods, California 92637, Laguna Woods, 92637 - 1 bed, 1 bath
ACTIVE$45,000$625/sqft
24055 Paseo Del Lago, Laguna Woods, California 92637
1Bed
1Bath
625Sqft
486,287Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Extensive Community Amenities: Residents gain access to 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 free bus system, fostering an active and engaging lifestyle.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 625, other record living area = 1136. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
Compared to the nearby listings
Price:$45.0K vs avg $500.0K ($-455,000)3%
Size:625 sqft vs avg 1,157 sqft4%
Price/sqft:$72 vs avg $4423%
More Insights
Built in 1974 (52 years old).
Condition: Built in 1974, this 50-year-old property shows significant signs of age in its key areas. The bathroom, while functional and equipped with accessibility features like grab bars, features a very dated vanity, light fixture, and overall aesthetic that appears to be 30-50 years old. With no images of the kitchen, it's reasonable to assume it is in a similar, highly dated condition. While the unit is livable and clean, it requires substantial aesthetic rehabilitation and updates to both the kitchen and bathroom to meet current quality and style standards, aligning with the 'Poor' condition criteria.
Year Built
1974
Close
-
List price
$45K
Original List price
$45K
Price/Sqft
$72
HOA
$2,597
Days on market
-
Sold On
-
MLS number
SW25280616
Home ConditionPoor
Features
Good View: Neighborhood, Panoramic
ViewNeighborhood, Panoramic
About this home
This 1-bedroom, 1-bathroom condo at 24055 Paseo Del Lago UNIT 1253 offers comfortable living with easy accessibility, including a bathroom featuring a tub and shower with grab bars for added convenience. Enjoy stunning city light, mountain, and Irvine views from this charming home located in the desirable Laguna Woods, a vibrant 55+ senior community. The Towers monthly fee includes an impressive range of services: $500 dining credits per month, bi-monthly housekeeping, electricity, water, trash, basic cable, access to the gym, and numerous on-site activities. Living in Laguna Woods gives you access to fantastic amenities such as a free bus system, 5 pools, 4 hot tubs, a 27-hole golf course, tennis, a library, a state-of-the-art crafts facility, 7 clubhouses, 200+ clubs, 3 fitness centers, a theater, horseback riding, garden centers, basketball, billiards, bocce ball, Emeritus classes, and much more! Residents can enjoy breakfast, lunch, and dinner options through the dining program. One occupant must be at least 55 years old. This condo offers the perfect combination of convenience, comfort, and an active, engaging lifestyle.
G
Gilberto Garcia
Listing Agent
Price History
Date
Event
Price
07/29/19
Sold
$122,000
07/09/12
Sold
$80,000
10/30/06
Sold
$200,000
05/25/05
Sold
$280,000
Condition Rating
Poor
Built in 1974, this 50-year-old property shows significant signs of age in its key areas. The bathroom, while functional and equipped with accessibility features like grab bars, features a very dated vanity, light fixture, and overall aesthetic that appears to be 30-50 years old. With no images of the kitchen, it's reasonable to assume it is in a similar, highly dated condition. While the unit is livable and clean, it requires substantial aesthetic rehabilitation and updates to both the kitchen and bathroom to meet current quality and style standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Extensive Community Amenities: Residents gain access to 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 free bus system, fostering an active and engaging lifestyle.
All-Inclusive Monthly Services: The monthly fee covers a comprehensive range of services, including $500 dining credits, bi-monthly housekeeping, electricity, water, trash, basic cable, and gym access, simplifying living expenses and providing convenience.
Panoramic Views: The condo offers stunning city light, mountain, and Irvine views, enhancing the aesthetic appeal and providing a desirable backdrop for daily living.
Accessibility Features: The bathroom is equipped with a tub and shower featuring grab bars, providing enhanced safety and accessibility, which is a significant benefit for the 55+ community.
Vibrant 55+ Community Lifestyle: Located in the desirable Laguna Woods, this property is part of a vibrant senior community offering numerous social activities, classes, and a strong sense of belonging.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 625, other record living area = 1136. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
High Monthly Association Fee & Complex Ownership: The substantial $2,597 monthly association fee, combined with an unusually low list price of $45,000, strongly suggests a co-op or similar ownership structure. This model often entails specific financing challenges, requires a thorough understanding of community rules, and represents a significant ongoing financial commitment beyond the initial purchase.
Limited Living Space: With only 625 square feet and a 1-bedroom, 1-bathroom layout, the unit offers minimal living space, which may not be suitable for buyers seeking larger accommodations or frequent guests.
Age-Restricted Community: The 55+ age restriction significantly narrows the potential buyer pool, potentially extending market time and limiting resale value to a specific demographic.