[quote=ocrenter]ER, Del Sur will go down in history as one of the most outrageous developments in regard to MR abuse. Compared to Del Sur, one will find a much better value and prestige with Santaluz, hands down. Here’s a perfect example:
THis 3600 sqft del sur home on just 6000 sqft lot is selling for $990k. The MR is $740/month, along with $167/month in HOA, resulting in $906/month in fees. Of course, there’s no gate, no paid cable, etc.
MEanwhile, you have this santaluz home at 3800 sqft on 8500 sqft lot asking for a mil, but with total MR/HOA at slightly under $800/month.
What is more outrageous is some of del sur’s homes even have 2 HOA fees.
THe lesson here is there’s your typical MR, then there’s del sur style MR. Outsiders that have never been to the area should take heed before making generalized statements.[/quote]
I totally agree with you OCR. We looked at some houses in Del Sur a few years ago but we just didn’t like the community as much. For the very high Mello Roos and HOA you don’t nearly what you get at other areas like Santaluz. I just couldn’t understand it other than people seem to be stretching to buy as it is and mostly priced out of some areas and they would rather have more bedrooms.
I saw that house in Santaluz that you listed a few years ago. They have been trying to sell it for a while. You will notice while other houses all around it are selling fairly quickly after going on the market, it’s just sitting there. Like look at this one:
It went into escrow for what I’ve been told is ABOVE their asking price in just 4 days after listing it.
The one you listed is very nice and they did some nice upgrades in it. The biggest problem is that ultimately it’s only really 3 bedrooms. They say they converted the bedroom into an office but it’s positioned as such that it wouldn’t really be practical for a bedroom. Plus the “bedroom” that they made in their garage for their nanny is really poorly done, IMHO.
That’s why everything else is selling fairly quickly but I’m not sure they will have such an easy time. But the house is very nice other than the lack of bedrooms for that price.
But no doubt I wouldn’t be crazy in owning in Del Sur and paying those kinds of monthly fees. The look and feel of that community is much different for those kinds of fees vs. places like Santaluz, IMHO.
