the MR for stonebridge equals loss of $100k in buying power.
13126 Downing at 3800 sqft just closed for $700k, that translates to $182/sqft. even adding the mello roos penalty of $100k to the price, that’s still at $210/sqft. still very reasonable.
some of the homes by City Ventures sold for close to $750k at 3700 sqft. still not a bad deal after adding the $100k MR penalty.
if you can find deals and if after adding the MR penalty is still in the low $200/sqft range, why not?
of course, there are plenty of folks paying retail or above in Stonebridge. and plus the MR. now that doesn’t make any sense.
