Home › Forums › Closed Forums › Properties or Areas › Eureka Springs in Escondido
- This topic has 26 replies, 16 voices, and was last updated 17 years, 6 months ago by
temeculaguy.
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February 13, 2007 at 8:00 PM #8392February 14, 2007 at 11:38 AM #45370
an
ParticipantThe only are that fit your description are older areas. I don’t remember seeing any new places that doesn’t have MR.
February 14, 2007 at 11:50 AM #453724plexowner
ParticipantI can’t stand to drive in traffic
Before I could even think about buying in Escondido KNOWING that I was going to commute downtown everday I would have to see what the drive on I-15 was going to be like
Buying an “affordable house” does not make sense to me if it means I will then be spending 3-4 hours of my life EVERYDAY sitting in traffic on the freeway
If you aren’t familiar with the traffic on I-15 perhaps you could stay in a motel in Escondido for a week and see how the commute is
February 14, 2007 at 12:12 PM #45378Anonymous
GuestNo, but there are areas in the high 600s/700s/800s/900s that do not have mello roos in much nicer areas. If you are planning to stay there a long time, consider the long term costs of mello roos and HOA fees. Let’s say they are $500/month. Consider this:
$610,000 =Value of $500/Month in 30 years at 7% return.
$80,000 =Present value of this today, 7% discount rate.If you can afford to pay $500/month in HOA and mello roos, you can afford to spend close to 100k more on a home in a nicer area that has no mello roos and HOA, follow?
Here’s some properties that fit the bill. Click on the one’s that are green, meaning less than 750k. Specifically, look at the ones south of La costa Rd, west of Rancho Santa Fe Rd., east of El Camino Real and north of Encinitas Blvd. Extremely nice areas, good schools, 2000 sqft. homes, 600k+ and no mello roos, low to no HOA. Easier commute for you as well.
February 14, 2007 at 12:55 PM #45387E2
ParticipantThank you for the link juice. I will check it out.
We are looking for a place that we can stay in long term, which is another reason I prefer to not have the high fees, as it really adds up.
Thanks again for your input everyone.
February 14, 2007 at 1:11 PM #45391debshultz
ParticipantThe commute is totally out of the question…don’t know anyone that does it that is not beyond miserable. (This from someone who has commuted in the Northeast, Northwest, Northern California,,,,,nothing comes close to the horror of the 15.
February 14, 2007 at 1:33 PM #45400CardiffBaseball
ParticipantJuice describes a nice area that I am quite familiar with. Not interested in buying, but will probably stay in this area, pending not having to move the kids from one Jr. High to another.
February 15, 2007 at 7:59 AM #45474JJGittes
ParticipantJuice is right. My rule of thumb is it takes $600 a month to service $100k of mortgage. So, if the mello roos and HOA add up to that, make sure you look at alternative w/0 MR and HOA that are $100k more, and perhaps in better/closer areas.
February 15, 2007 at 11:59 AM #45498recordsclerk
ParticipantK Hovnanian has a new development in Fallbrook. The yards may be smaller, but the price in the range you are looking for. They are smaller homes, but the plan 4 if I remember correctly is over 3,000sq feet. They are having some kind of party this weekend with free food/drink. I think they are releasing a new phase. There is also a KB development in Fallbrook and Oceanside with no MR with prices in the low $700’s. There is a development in La Mesa (almost sold out) called Serra-Mar with no MR with prices in the low $700’s.
February 15, 2007 at 1:28 PM #45511gnosis
ParticipantWait another 2 years to purchase….really. Wait.
February 15, 2007 at 1:28 PM #45512ParticipantWait another 2 years to purchase….really. Wait.
February 15, 2007 at 1:59 PM #45514GuestThose K Hovnanian homes are in the 400s…
February 15, 2007 at 6:50 PM #45543ParticipantFallbrook = longer distance than Escondido to downtown. While I like the lower prices up there, I don’t know if my sanity can take it, but I’m going to look into it. I appreicate the information as I hadn’t seen that community.
We’re looking for a home for the long haul, and we’re not looking to sell it in a few years, so I figure if we find something that we like and is not totally insane as far as the payments go then we will go ahead and buy. Based on history, I can’t imagine a house that we buy now will be worth less in 20 years.
Tomorrow we are going to look at some other areas in Chula Vista (Eastlake). Since we work downtown this would be a good option for us. I know they have stupid MR’s, but I want to check out a few I saw online that are a bit larger and still within our price range.
We’d like to find the largest sf we can afford in a decent area. We’re not looking for a starter home.
February 15, 2007 at 8:41 PM #45551Bugs
ParticipantThe Hovnanian project off of 76/I-15 is right off the freeway. Eureka Springs requires driving over surface streets all the way through Escondido. In this case, the Hovnanian homes are a little farther away from downtown but it would be a slightly faster commute. As long as the freeway isn’t backed up.
February 15, 2007 at 8:55 PM #45552ParticipantThanks Bugs! Maybe we’ll take a drive up there and check it out.
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