Only 10 years old. Great Floorplan. Excellent Value. OWNER OCCUPIED ONLY. This is a LEASED LAND community (you get a new 99 year lease). Buyer is purchasing improvements only. It is a RESTRICTED APPRECIATION community (property value changes in line with the local Consumer Price Index). University Gables is a planned unit development with 50 detached homes and 36 attached homes Buyers income is restricted to 120% of the Orange County Median Income (one person household CAN NOT make more than $70,750, 2 people not more than $80,850, 3 people not more than $90,950 etc.) No FHA. Financing is secured through Wells Fargo. Maintenance Fee $180/month Lease Land Fee $44/month. This is part of the City of Buena Park Affordable Housing Plan. Wonderful community but you need to meet the above criteria.
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