Property was built in 2002 for the professors and staff at Cal State Fullerton. This is only the 3rd home offered for sale to the public in 9 years. OWNER OCCUPIED ONLY. It 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 (this is the largest attached). 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 or Schools First Credit Union. 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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
