What's the Difference Between a Condominium and Townhome?
This is a very common question that buyers often have. It often comes up during the loan process when the lender informs the buyer that the rate for a condo is higher than for a Single Family House (SFR) and the buyer is utterly confused because they are buying a Townhome and don't know why the lender is referencing anything to do with condominiums. Confusing, right?
In CA a residential property can be either a SFR (think a house sitting on its own lot), a condominium, or part of a planned unit development (PUD). An example of the latter would be Manhattan Village.
From a lender perspective, PUDs are more likely to get the same interest rate as SFRs.
From a stylistic perspective, when most people think of condos what comes to mind are flat, apartment like dwellings in a larger multi story building. Townhomes are usually understood to be mutli-level dwellings most often with their own direct entry from the street and often with attached garages.
MANHATTAN BEACH MLS LISTINGS | CONDOS and TOWNHOMES
These are all the Townhomes and Condominiums currently for sale in Manhattan Beach CA.The list will update in real time whenever you visit this page.
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