938 S Sutter Creek Road 54, Anaheim, California 92804, Anaheim, 92804 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$120,000
938 S Sutter Creek Road 54, Anaheim, California 92804
2Beds
2Baths
1,224Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Community Amenities: Access to a community pool and spa enhances lifestyle and property appeal for residents.
Top Cons:
Extremely Limited Ownership Term: The property is a land lease with an expiration date of July 1, 2034, meaning the buyer surrenders the property in just 9 years, severely impacting long-term investment potential and financing.
Compared to the nearby listings
Price:$120.0K vs avg $549.0K ($-429,000)7%
Size:1,224 sqft vs avg 1,005 sqft67%
Price/sqft:$98 vs avg $5487%
More Insights
Built in 1980 (45 years old).
Condition: Built in 1980, this 44-year-old townhome shows significant signs of age and lack of modern updates. The visible bathroom features an extremely dated oak vanity, Hollywood strip lighting, older ceramic tile, and a wooden toilet seat, strongly suggesting it has not been renovated in 30-40 years, if ever. The absence of kitchen images, coupled with the bathroom's condition, indicates the kitchen is likely in a similar state of disrepair or extreme obsolescence. While no structural issues are explicitly noted, the property requires substantial rehabilitation and modernization of key areas like the kitchen and bathrooms to meet contemporary standards, aligning with the 'Poor' condition criteria for properties built over 30 years ago with renovations (or original build) dating back 30-50 years.
Year Built
1980
Close
-
List price
$120K
Original List price
$235K
Price/Sqft
$98
HOA
$315
Days on market
-
Sold On
-
MLS number
PW24255298
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
2 Bed 2.5 Baths Townhome, Built in 1980, approx 1,224 sq of Living Space, has Inside Laundry, Private Patio and 2 Side by Side Attached Garage. Community has Pool and Spa, HOA dues are $315 per month, Land lease fee is $325 per month. This is a Land Lease Townhouse with lease expiration date of July 1st, 2034, when lease expire, buyer to surrender the property to the land owner. You are purchasing for the ownership of next 9 years until lease expire in 2034. This property is also a SHORT SALE, only cash offer is accepted. All final selling price, terms and conditions are subject to short sale approval.
Nearby schools
7/10
Walt Disney Elementary School
Public,•K-6•0.4mi
2/10
Dale Junior High School
Public,•7-8•1.3mi
4/10
Magnolia High School
Public,•9-12•0.6mi
Condition Rating
Poor
Built in 1980, this 44-year-old townhome shows significant signs of age and lack of modern updates. The visible bathroom features an extremely dated oak vanity, Hollywood strip lighting, older ceramic tile, and a wooden toilet seat, strongly suggesting it has not been renovated in 30-40 years, if ever. The absence of kitchen images, coupled with the bathroom's condition, indicates the kitchen is likely in a similar state of disrepair or extreme obsolescence. While no structural issues are explicitly noted, the property requires substantial rehabilitation and modernization of key areas like the kitchen and bathrooms to meet contemporary standards, aligning with the 'Poor' condition criteria for properties built over 30 years ago with renovations (or original build) dating back 30-50 years.
Pros & Cons
Pros
Community Amenities: Access to a community pool and spa enhances lifestyle and property appeal for residents.
Private Outdoor Space: The inclusion of a private patio offers valuable personal outdoor living area.
Attached Garage Parking: A two-car side-by-side attached garage provides secure and convenient parking and storage.
In-Unit Laundry: The presence of inside laundry facilities adds significant convenience for residents.
Proximity to Top-Rated Elementary School: Located near Walt Disney Elementary School (rated 7), which is a strong draw for families.
Cons
Extremely Limited Ownership Term: The property is a land lease with an expiration date of July 1, 2034, meaning the buyer surrenders the property in just 9 years, severely impacting long-term investment potential and financing.
Cash-Only Short Sale Transaction: Being a short sale that requires a cash offer significantly narrows the potential buyer pool and introduces transactional complexities and delays.
High Combined Monthly Fees: The total monthly outlay of $640 ($315 HOA + $325 Land Lease) is substantial, especially considering the limited ownership duration.