Am I overbidding this Venzano (by San Elijo) home?

[outtamojo]

Have you checked out the Terrazas by Lennar? The are smaller but the MR is about 600/year.

[jimminycrikut]

Yes, I checked out the Terrazas home. Those homes are smaller(~2400-2700sqft). The price ranges from 560K-610K, which is at least 50-80K more than the Venzano home. Even though the fee is lower, it is still more expensive but it is definitely further away from the power tower.

How much more do you think San Elijo area will drop? Are we near bottom for this area? Is it a good price for this size of the home?

[jimminycrikut]

Yes, I checked out the Terrazas home. Those homes are smaller(~2400-2700sqft). The price ranges from 560K-610K, which is at least 50-80K more than the Venzano home. Even though the fee is lower, it is still more expensive but it is definitely further away from the power tower.

How much more do you think San Elijo area will drop? Are we near bottom for this area? Is it a good price for this size of the home?

[jimminycrikut]

Yes, I checked out the Terrazas home. Those homes are smaller(~2400-2700sqft). The price ranges from 560K-610K, which is at least 50-80K more than the Venzano home. Even though the fee is lower, it is still more expensive but it is definitely further away from the power tower.

How much more do you think San Elijo area will drop? Are we near bottom for this area? Is it a good price for this size of the home?

[jimminycrikut]

Yes, I checked out the Terrazas home. Those homes are smaller(~2400-2700sqft). The price ranges from 560K-610K, which is at least 50-80K more than the Venzano home. Even though the fee is lower, it is still more expensive but it is definitely further away from the power tower.

How much more do you think San Elijo area will drop? Are we near bottom for this area? Is it a good price for this size of the home?

[jimminycrikut]

Yes, I checked out the Terrazas home. Those homes are smaller(~2400-2700sqft). The price ranges from 560K-610K, which is at least 50-80K more than the Venzano home. Even though the fee is lower, it is still more expensive but it is definitely further away from the power tower.

How much more do you think San Elijo area will drop? Are we near bottom for this area? Is it a good price for this size of the home?

[Operation]

Hi Jimmy,

Remember, this is an auction. While the bidding won’t be anything close to feverish, I would expect you’re probably end up closer to around $550-575K given recent comps and the over-all area in general.

Full disclosure: My wife and I bought one of the Venzano models last fall. We love it here and haven’t looked back. We waited though the market gyrations, saved and we’re glad we did. Were we concerned about a double-dip, shadow inventory and continued economic malaise lopping off an additional 10%? Sure. However, we bought the house of our dreams and don’t see us leaving anytime soon. It’s a great, family-oriented neighborhood. Everyone we’ve met have been super nice and Venzano has a lesser tax rate than the rest of SEH.

Find the place you can see you and your family in long-term and let all of the other stuff outside of your control work itself out. It always does.

If you have any other questions about the community, I’m happy to answer them.

[Operation]

Hi Jimmy,

Remember, this is an auction. While the bidding won’t be anything close to feverish, I would expect you’re probably end up closer to around $550-575K given recent comps and the over-all area in general.

Full disclosure: My wife and I bought one of the Venzano models last fall. We love it here and haven’t looked back. We waited though the market gyrations, saved and we’re glad we did. Were we concerned about a double-dip, shadow inventory and continued economic malaise lopping off an additional 10%? Sure. However, we bought the house of our dreams and don’t see us leaving anytime soon. It’s a great, family-oriented neighborhood. Everyone we’ve met have been super nice and Venzano has a lesser tax rate than the rest of SEH.

Find the place you can see you and your family in long-term and let all of the other stuff outside of your control work itself out. It always does.

If you have any other questions about the community, I’m happy to answer them.

[Operation]

Hi Jimmy,

Remember, this is an auction. While the bidding won’t be anything close to feverish, I would expect you’re probably end up closer to around $550-575K given recent comps and the over-all area in general.

Full disclosure: My wife and I bought one of the Venzano models last fall. We love it here and haven’t looked back. We waited though the market gyrations, saved and we’re glad we did. Were we concerned about a double-dip, shadow inventory and continued economic malaise lopping off an additional 10%? Sure. However, we bought the house of our dreams and don’t see us leaving anytime soon. It’s a great, family-oriented neighborhood. Everyone we’ve met have been super nice and Venzano has a lesser tax rate than the rest of SEH.

Find the place you can see you and your family in long-term and let all of the other stuff outside of your control work itself out. It always does.

If you have any other questions about the community, I’m happy to answer them.

[Operation]

Hi Jimmy,

Remember, this is an auction. While the bidding won’t be anything close to feverish, I would expect you’re probably end up closer to around $550-575K given recent comps and the over-all area in general.

Full disclosure: My wife and I bought one of the Venzano models last fall. We love it here and haven’t looked back. We waited though the market gyrations, saved and we’re glad we did. Were we concerned about a double-dip, shadow inventory and continued economic malaise lopping off an additional 10%? Sure. However, we bought the house of our dreams and don’t see us leaving anytime soon. It’s a great, family-oriented neighborhood. Everyone we’ve met have been super nice and Venzano has a lesser tax rate than the rest of SEH.

Find the place you can see you and your family in long-term and let all of the other stuff outside of your control work itself out. It always does.

If you have any other questions about the community, I’m happy to answer them.

[Operation]

Hi Jimmy,

Remember, this is an auction. While the bidding won’t be anything close to feverish, I would expect you’re probably end up closer to around $550-575K given recent comps and the over-all area in general.

Full disclosure: My wife and I bought one of the Venzano models last fall. We love it here and haven’t looked back. We waited though the market gyrations, saved and we’re glad we did. Were we concerned about a double-dip, shadow inventory and continued economic malaise lopping off an additional 10%? Sure. However, we bought the house of our dreams and don’t see us leaving anytime soon. It’s a great, family-oriented neighborhood. Everyone we’ve met have been super nice and Venzano has a lesser tax rate than the rest of SEH.

Find the place you can see you and your family in long-term and let all of the other stuff outside of your control work itself out. It always does.

If you have any other questions about the community, I’m happy to answer them.

[LAAFTERHOURS]

[quote=Operation] Venzano has a lesser tax rate than the rest of SEH.[/quote]

Not technically true. The first phases of SEH have much lower MR rates. The HOA is higher in SEH (82 for non gated subdivisions and i think 130 for gated) but that HOA pays for all of the events. Some of the events require a tax bill/HOA bill to attend although venzano its included in a lot of the events in SEH but wanted to point that out. Also think about the schools down the hill bc they are already overcrowded and at some point (if not already) they will be turning away non SEH residents or give SEH residents priority.

[quote=Operation]Find the place you can see you and your family in long-term and let all of the other stuff outside of your control work itself out. It always does. [/quote] Totally agree. I like the Venzano homes, having looked a few before buying our home. I like the layouts and exteriors. I know that Venzano does a great job with the holiday decorations too so a very festive neighborhood.

[quote=Operation]
If you have any other questions about the community, I’m happy to answer them.[/quote] Same here for SEH. We went through an exhaustive search so I have a lot of info on MR by neighborhood and features if you need any input. There are deals to be had in SEH where some streets in the last 6 months have had 100K price difference in sales prices on the same model. The insides may have been drastically different (upgrades vs none) but it gives hope to finding the right home for your family.

[LAAFTERHOURS]

[quote=Operation] Venzano has a lesser tax rate than the rest of SEH.[/quote]

Not technically true. The first phases of SEH have much lower MR rates. The HOA is higher in SEH (82 for non gated subdivisions and i think 130 for gated) but that HOA pays for all of the events. Some of the events require a tax bill/HOA bill to attend although venzano its included in a lot of the events in SEH but wanted to point that out. Also think about the schools down the hill bc they are already overcrowded and at some point (if not already) they will be turning away non SEH residents or give SEH residents priority.

[quote=Operation]Find the place you can see you and your family in long-term and let all of the other stuff outside of your control work itself out. It always does. [/quote] Totally agree. I like the Venzano homes, having looked a few before buying our home. I like the layouts and exteriors. I know that Venzano does a great job with the holiday decorations too so a very festive neighborhood.

[quote=Operation]
If you have any other questions about the community, I’m happy to answer them.[/quote] Same here for SEH. We went through an exhaustive search so I have a lot of info on MR by neighborhood and features if you need any input. There are deals to be had in SEH where some streets in the last 6 months have had 100K price difference in sales prices on the same model. The insides may have been drastically different (upgrades vs none) but it gives hope to finding the right home for your family.

[LAAFTERHOURS]

[quote=Operation] Venzano has a lesser tax rate than the rest of SEH.[/quote]

Not technically true. The first phases of SEH have much lower MR rates. The HOA is higher in SEH (82 for non gated subdivisions and i think 130 for gated) but that HOA pays for all of the events. Some of the events require a tax bill/HOA bill to attend although venzano its included in a lot of the events in SEH but wanted to point that out. Also think about the schools down the hill bc they are already overcrowded and at some point (if not already) they will be turning away non SEH residents or give SEH residents priority.

[quote=Operation]Find the place you can see you and your family in long-term and let all of the other stuff outside of your control work itself out. It always does. [/quote] Totally agree. I like the Venzano homes, having looked a few before buying our home. I like the layouts and exteriors. I know that Venzano does a great job with the holiday decorations too so a very festive neighborhood.

[quote=Operation]
If you have any other questions about the community, I’m happy to answer them.[/quote] Same here for SEH. We went through an exhaustive search so I have a lot of info on MR by neighborhood and features if you need any input. There are deals to be had in SEH where some streets in the last 6 months have had 100K price difference in sales prices on the same model. The insides may have been drastically different (upgrades vs none) but it gives hope to finding the right home for your family.

[LAAFTERHOURS]

[quote=Operation] Venzano has a lesser tax rate than the rest of SEH.[/quote]

Not technically true. The first phases of SEH have much lower MR rates. The HOA is higher in SEH (82 for non gated subdivisions and i think 130 for gated) but that HOA pays for all of the events. Some of the events require a tax bill/HOA bill to attend although venzano its included in a lot of the events in SEH but wanted to point that out. Also think about the schools down the hill bc they are already overcrowded and at some point (if not already) they will be turning away non SEH residents or give SEH residents priority.

[quote=Operation]Find the place you can see you and your family in long-term and let all of the other stuff outside of your control work itself out. It always does. [/quote] Totally agree. I like the Venzano homes, having looked a few before buying our home. I like the layouts and exteriors. I know that Venzano does a great job with the holiday decorations too so a very festive neighborhood.

[quote=Operation]
If you have any other questions about the community, I’m happy to answer them.[/quote] Same here for SEH. We went through an exhaustive search so I have a lot of info on MR by neighborhood and features if you need any input. There are deals to be had in SEH where some streets in the last 6 months have had 100K price difference in sales prices on the same model. The insides may have been drastically different (upgrades vs none) but it gives hope to finding the right home for your family.

[Author]

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