Dreaming of a new home in a new park?
Unhappy at Cascade Park Estates? Here are two new alternatives. New manufactured home communities are rare nowadays. These two in Sequim and Enumclaw, WA have lot rents at $595 and $1,000 respectfully. But . . . home prices start at the mid $300,000 range.
So a $350,000 home with $70,000 down payment and a 30-year 7% mortgage will have principal and interest of $1,863 and lot rent of $595 will cost $2,458 per month before taxes and insurance., or in Enumclaw $2,863.
So how does Cascade Park Estates compare? Homes here have been selling for an average of $170,000. That same mortgage principal and interest would be $905 and lot rent of $1,300 totals $2,205
As usual in real estate: location, location, location. I am sure Sequim and Enumclaw have their charms but most, if not all, of us are in east Vancouver for a reason. So we want to look at alternatives closer to home. I will publish some comparisons on nearby parks sometime . . .
For photos and details of the two new parks: Crystal Mountain 55+ Manufactured Home Community Enumclaw WA