938 S Sutter Creek Road 54, Anaheim, California 92804, Anaheim, - bed, bath
ACTIVE UNDER CONTRACT$120,000
938 S Sutter Creek Road 54, Anaheim, California 92804
2Beds
2Baths
1,224Sqft
Lot
Year Built
1980
Close
-
List price
$120K
Original List price
$235K
Price/Sqft
-
HOA
$315
Days on market
-
Sold On
-
MLS number
PW24255298
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
2 Bed 2.5 Baths Townhome, Built in 1980, approx 1,224 sq of Living Space, has Inside Laundry, Private Patio and 2 Side by Side Attached Garage. Community has Pool and Spa, HOA dues are $315 per month, Land lease fee is $325 per month. This is a Land Lease Townhouse with lease expiration date of July 1st, 2034, when lease expire, buyer to surrender the property to the land owner. You are purchasing for the ownership of next 9 years until lease expire in 2034. This property is also a SHORT SALE, only cash offer is accepted. All final selling price, terms and conditions are subject to short sale approval.
Nearby schools
7/10
Walt Disney Elementary School
Public,•K-6•0.4mi
2/10
Dale Junior High School
Public,•7-8•1.3mi
4/10
Magnolia High School
Public,•9-12•0.6mi
Price History
Date
Event
Price
08/19/25
Price Change
$120,000
12/30/24
Listing
$235,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (17 Listings) | |
|---|---|---|---|
| Beds | 2 | 2 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,224 | 1,016 | 67% |
| Lot Size | 0 | 206,492 | |
| Price | $120K | $530K | 6% |
| Price per square foot | $98 | $523.5 | 6% |
| Built year | 1980 | 9900990 | 61% |
| HOA | $315 | $373 | 33% |
| Days on market | 310 | 199 | 94% |
Condition Rating
Fair
Built in 1980, this townhome is over 40 years old. The images reveal that the kitchen and bathrooms feature highly dated elements, including light oak cabinets, laminate countertops, older white appliances, and dated light fixtures. While the property appears to be well-maintained and functional, it has not undergone significant renovations in decades. The flooring (carpet and older tile) and general aesthetic are consistent with its age, indicating a need for substantial cosmetic updates to meet current quality standards. There are no visible signs of major disrepair or safety issues, but the property clearly requires minor updates or repairs to modernize its style and features.
Pros & Cons
Pros
Low Entry Price: The current list price of $120,000 is exceptionally low for a 2-bedroom, 2.5-bath townhome in Anaheim, offering a highly affordable entry point into the market.
Community Amenities: Residents have access to desirable community amenities including a pool and spa, enhancing lifestyle and recreational opportunities.
Attached Garage: The property features a convenient 2-car side-by-side attached garage, providing secure parking, direct access, and additional storage space.
Private Outdoor Space: A private patio offers dedicated outdoor space for relaxation, entertaining, or personal use.
Inside Laundry: The inclusion of inside laundry facilities adds significant convenience and functionality to the home.
Cons
Limited Ownership Term & Surrender Clause: This is a land lease property with an expiration date of July 1st, 2034, meaning the buyer must surrender the property to the land owner after only 9 years, eliminating long-term equity and making it a depreciating asset.
Cash-Only Short Sale: The property is a short sale requiring a cash offer, which significantly limits the buyer pool and introduces potential delays and uncertainties in the approval process.
High Combined Monthly Fees: The combined monthly HOA dues ($315) and land lease fee ($325) total $640, representing a substantial ongoing cost for a property with a finite ownership term.