86 Pheasant Ln, Oceanside, CA 92057

Property Description

This ‘Vacant View’ Space is located near the top of San Luis Rey Homes ‘Resident (55 +) Owned’ Park. There is NO SPACE Rent. The low Monthly H.O.A. Fee of $132 (Trash, Water & Sewer) & the Park’s Location (About 5 Miles to the Coast) makes this Park desirable. Close to shopping, Scripps Med. Offices, VA Clinic and Nearby Bike Trail to the Coast. The Park has a Large Clubhouse, Laundry Facilities, Work out room, Hobby Room, Library, Pool Room, and more. The purpose of these additional remarks is to clarify ‘Other Remarks’ noted on the Listing and to share some additional items of interest about San Luis Rey Homes. NOTE: Listing Agent is a Member/ Owner of San Luis Rey Homes. Ownership – ‘Residents own 1/328th interest in the land and Membership in the Association is attached to ‘Tenant-in-Common’ ownership. (No Stock Ownership) Resident owners do not own a particular space but rather, each Owner’s Grant Deed includes the ‘Exclusive Right’ to occupy one space within the Park.’ SLRH is an ‘Age Restricted’ Community. The Owner/Member must be 55 years or older and any additional ‘Non-Owner’ Occupant must be 50 years or older. Every ‘Occupant’ must receive Park Approval. San Luis Rey Homes, Inc. is name of the Homeowners Association. Homeowner Fees are $132 per month. The HOA fee includes water, trash and sewer. There are no special assessments and no other fees. And there is NO SPACE RENT. Lot Dimensions – Although each space has their own APN (Assessor Parcel Number), the spaces/lot are not formally subdivided. The Listing Agent ‘taped’ the space. Buyer(s) to confirm square footage. Park Moratorium and San Diego Gas & Electric – As of December, 2015, the Board of Directors have placed a moratorium restricting installations of new Central AC Units. This is due in part to an electrical expert suggesting we evaluate our Park’s overall power capacity. Repairs/Investigations are on-ongoing. However, this Moratorium could be lifted. San Diego Gas & Electric are s...