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Coeur d'Alene Village is a 55+ community located in Idaho. The community offers manufactured homes on leased lots, with recent sales data indicating an average price per square foot of $129 to $162. The average time on the market for these homes ranges from 26 to 175 days, with sales prices averaging between 86% to 92% of the original listing price. The homes typically feature 2 to 3 bedrooms and 1 to 2 bathrooms. While specific information about lot rent is not readily available, the fact that homes are sold on leased lots suggests that residents likely pay a periodic fee to rent the land their homes occupy within the Coeur d'Alene Village community.
| Characteristics | Values |
|---|---|
| Location | 4502 N. Ramsey Road, Coeur D'alene, ID 83815 |
| Community | Savory Community, LLC |
| Address | 4301 E Maplewood Ave, Post Falls, ID 83854 |
| Lot Rent | Yes |
| Average Lot Rent | $129-$162 per sq.ft |
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What You'll Learn
Homes on rented lots
Renting a lot is a common way to set up your mobile home. When you rent a mobile home lot, you pay to place your home on someone else's land, but you own the house itself. The national average for lot rent is around $400 a month, but prices vary depending on location and amenities. For instance, in places like Florida or California, a lot for rent might cost up to $1,000 a month, whereas in the Midwest or South, the price can be as low as $250.
Lot rent for mobile homes often covers more than just the ground. Some parks include water, trash pickup, sewer, and even lawn care. It is important to ask what's included before signing any agreements. Additionally, some parks offer extras like playgrounds, pools, or security, which can add value to your rent. It is worth noting that lot rent can increase annually, with some parks raising rates rapidly, so it is advisable to plan for rent increases and be aware of any hidden fees.
Before committing to a rented lot, it is recommended to inspect the lot for any issues such as poor drainage, broken pavement, or unsafe hookups. It is also beneficial to talk to current residents about their experiences with the park management and their overall satisfaction with the area. Checking the zoning rules and ensuring that the lot is approved for mobile homes is crucial to avoid any legal issues.
When searching for lots for rent, you can utilize websites like Zillow, Craigslist, MHBO, and MHVillage. These sites allow you to filter your search by location, price, and features, making it easier to find a lot that meets your specific needs and preferences. Additionally, driving around local mobile home parks and looking for "lot for rent" signs or directly inquiring with park managers can be a useful approach to finding potential options.
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Average price per sq. ft
The average price per sq. ft for homes sold at the Coeur d'Alene Village 55+ Community in Coeur d'Alene, Idaho, appears to vary depending on the quarter of the year and the type of home. For example, in the second quarter of 2022, two homes were sold at the community, which were double-wide manufactured homes on rented lots that sold for an average of $162 per sq. ft. In the first quarter of 2022, a single manufactured home on a leased lot was sold for an average of $145 per sq. ft. Notably, this home had a longer average time on the market at 175 days compared to just 26 days for the homes sold in the second quarter.
In the third quarter of 2023, two double-wide manufactured homes on leased lots were sold, but the price per sq. ft. is not mentioned. In the fourth quarter of 2023, a single-wide manufactured home on a rented lot was sold for an average of $129 per sq. ft. This home had an average time on the market of 73 days and sold for 92% of the original listed price.
Based on the available information, it seems that the average price per sq. ft. for homes in the Coeur d'Alene Village 55+ Community can fluctuate, with prices ranging from $129 to $162 per sq. ft. in the past two years. It's important to consider that factors such as the time of year, the current real estate market trends, and the specific characteristics of the home can all influence the selling price.
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Average time on the market
The average time on the market for homes in the Coeur d'Alene Village 55+ Community in Coeur d'Alene, Idaho, appears to vary. For instance, in the second quarter of 2022, two homes were sold, and the average time on the market was 35 days. In the fourth quarter of 2023, one home was sold, and it remained on the market for an average of 73 days.
In the fourth quarter of 2020, one home was sold at the Cd'A Village 55+ Community, and the average time on the market was 42 days. During the second quarter of 2021, only one home was sold, and it stayed on the market for 110 days.
The time a property spends on the market depends on various factors, such as market trends, demand, pricing, and property characteristics. It is always a good idea to consult with a local real estate professional for the most up-to-date and accurate information regarding market trends and property values in the Coeur d'Alene Village area.
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Average bedrooms and bathrooms
The average number of bedrooms and bathrooms in Coeur d'Alene Village, Idaho, appears to be two bedrooms and one bathroom. This is based on data from the second quarter of 2022, when two homes were sold, and the fourth quarter of 2023, when one home was sold. All of these homes had two bedrooms and one bathroom.
However, there is some variation in the number of bedrooms and bathrooms in different quarters. For example, in the first quarter of 2023, one home sold in the CDA Village 55+ community had three bedrooms and two bathrooms. In the third quarter of 2023, two double-wide manufactured homes on leased lots were sold, but the number of bedrooms and bathrooms is not specified.
Additionally, the average size of an apartment in Coeur d'Alene is 908 square feet, with studio apartments being the smallest and most affordable, and one-, two-, and three-bedroom apartments offering more space. Vacation rentals in the area also vary in size, with options ranging from one-bedroom apartments to larger homes with up to six bedrooms, depending on the needs of the guests.
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Average sale price
The average sale price for a home in the Coeur d'Alene Village 55+ Community in Coeur d'Alene, Idaho, appears to vary depending on various factors, such as the type of home and the time of sale. For example, in the second quarter of 2022, two homes were sold in the community, and these were double-wide manufactured homes on rented lots that sold for an average of $162 per square foot. In contrast, during the first quarter of 2022, a single manufactured home on a leased lot was sold for an average of $145 per square foot.
In the third quarter of 2023, two double-wide manufactured homes on leased lots were sold, but the average sale price per square foot is not provided. Instead, it is mentioned that these homes sold for an average of 92% of the original listed price. This suggests that the sale price may also depend on the initial listing price and how it compares to the market value at the time.
The time a home spends on the market before being sold can also influence the sale price. For instance, the home sold in the first quarter of 2022 spent an average of 175 days on the market, while the homes sold in the second quarter of 2022 spent a shorter duration, resulting in a higher average sale price per square foot.
It is worth noting that the Cd'A Village 55+ Community offers a range of home types, including single-wide and double-wide manufactured homes, and the sale prices may vary accordingly. Additionally, the community's location in Coeur d'Alene, Idaho, a desirable area for certain age groups, likely influences the demand for homes and, consequently, the sale prices.
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Frequently asked questions
Yes, Coeur d'Alene Village Park has rented lots.
The average price per square foot for a home on a rented lot in the park varies, but it can range from $129 to $162.
The average time on the market for homes in the park varies, but it can range from 26 to 175 days.
