by Zeb Plante
On Jul 2, 2013
On Jul 2, 2013
The Gables condos are located in Huntington Beach in a guard gated community. The main entrance is off Edinger Avenue and Monterey Lane. This entrance is shared by home owners of a separate nearby community. The attendant at the security gate requires residents to display an authorized decal in order to gain entry. The condos are approximately 1 mile to the Huntington Harbor and boat launch area. Trader Joe’s, Bank of America and the Huntington Harbor shopping mall are also about a mile away. (View Map)
There are 80 condominium units located in this gated community. These homes were built in 1980 on four small residential streets (Alderport Drive, Chase Drive, Warmington Lane, Sherlock Lane). The builder positioned these streets on the outside boundaries of the property giving the homes a quad type layout. It functions nicely with the back of the homes and garages facing the exterior of the streets and the front of the homes or front doors facing towards the interior of the quad.
The grounds are well maintained with greenbelts, walking paths and shade trees. The center focal point of this community is the three large greenbelts in the middle of the complex. This massive open space provides a beautiful backdrop for homeowners when they are looking out the front of their homes. This area is large enough to play Frisbee, catch with a football or entertain friends and children.
The Gables have 2 and 3 bedroom models. The smallest being a 2 bedroom, 1 bathroom, single story unit with square footage ranging from 966 to 1,032. These units feature large balconies, vaulted ceilings, fireplaces and a spacious bedroom. One of the largest floor plans is the 3 bedroom, 2 bathroom model. It features two stories, a spacious living area and approximately 1,218 square feet. This floor plan has sliding glass doors with direct access to a large private patio.
Additional features found in these condos are central heating, open floor plans, walk-in closets, individual laundry rooms and bedrooms large enough for a California King bedroom set. The condos have one and two car garages. Some of the more private carriage units were built with living areas over the garages. This model is nice because there is nobody below you or above you.
Located on Leased Land
The Gables are on leased land. There are several areas in the city of Huntington Beach which have properties that were built on leased land. The lease on this land expires on December 31, 2059. Therefore, when you purchase a condominium in The Gables you are purchasing your unit or your part of the physical structure or building but you are not purchasing the land it was built on. You are leasing the land it was built on. The annual lease fee is currently $8,198. This fee adjusts annually with the Consumer Price Index (CPI) or the cost of living.
Here’s the tradeoff… Homes built on leased land are priced much lower than surrounding comparable properties that are not built on leased land. This lower purchase price will result in a lower monthly mortgage payment. This lower payment will offset the money spent on the annual lease payment.
The balconies and patios are large and private. They offer lots of outdoor space.
The monthly HOA fees are $316. These dues include security guard gate costs, the community grounds, swimming pool and spa, BBQ’s, clubhouse and fire insurance.
About The Gables Condos
Contact Zeb Plante if you are interested in selling your Gables condominium.
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Based on information from California Regional Multiple Listing Service, Inc. as of 2017.02.28 03:12:06. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.