Home › Forums › Housing › DR Horton Slashes prices $100k in Murrieta, Menifee, Wildomar and more in …
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23109VC.
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May 22, 2007 at 9:35 PM #54450May 23, 2007 at 9:03 AM #54467
23109VC
Participantcouple of comments –
that house in foreclosure on Pasadena – I believe that is a LAKEFRONT house. I personally would NOT pay a premium b/c it’s on the lake…but most of the homes ON the lake..are priced a good 100k above the others that are not. if you have been to harveston..it has a large manmade lake/pond/whatever yuo want to call it.. i think it’s roughly .25 mile around… maybe a bit more…. it’s long and narrow..and is lined on both banks by houses… those houses sold for a premium…and right now there are 3-4 of them on the market..that one on padadena went into foreclosure. the problem is that the owners of these units WANT a premium for the lakefront address..but the property itself is basicallya botu 2000 sq ft…and it’s hard to justify a 500-600k price tag for soemthign that size…lakefront or not…
you could buy that same pasadena house OFF the lake…one street away for that 400-450k range. some of the cottages like these are stripped with NO upgrades, others ar eloaded up to the hilt with granite, travertine, cabinets, carpet…
one downside of cottages is that they have VERY small lots…almost NO yard..and they are VERY close together. given the layout you really have no privacy in your yard. one thing i dislike about a lot of these neighborhoods in harveston is the lack of any private yards. the houses back up on one another so that you go itno your backyard to relax/bbq/enjoy some peace and quiet..and you are SURROUNDED by two stories..wtih countless windows…you get that feeling of being watched. now I dont’ do any nude sunbathing…so it’s not REAQLLY much of an issue..but it is nice to feel like your backyard is sort of private….
there are a few areas in haerveston where you can not back up on rear neighbors, and NOT back up on a street – but not many of them.
overall – Harveston is a very nice community. it is well kept. just last night to help the kids falls asleep my wife and i drove through the french valley areas…we drove through the communites JUST north of latour and the other DR horton one..and the Lennas Spencers Crossing. we were suprised at how run down the neighborhoods looked. there wer a lot of brown lawn homes…and a lot of what I would consieer JUNK cars in driveways. lots of houses with what looked like service trucks – one guy actualy had a large giant car carrier..those thigns that they use to transport cars..parked on his cul de sac… you don’t see that crap in harveston. nor do you see it in many o the other more upscale areas of tem or murr – if you want to call them “upscale”.
overall – harveston is a nice place. i kind of think the lennar properties – one is prescott – is too far from the lake. you get to pay all the harveston HOAs and you’ll be too far to utilize them w/out driving in the car, which will make it that much more of a pITA to enjoy it. from my house, i can walk to the lake or parks. it makes a difference. i’m sure i’d go there less if i had to load up 3 kids into carseats for a quick walk at the lake..when you can just put them in a stroller and walk over, it’s a lot mroe convenient.
$ per square foot – here is q uestion. when you compare the price of a 2700-3000 sq ft home and come up with a price per square foot…vs comparing a 1900-2100 sq ft house – it’s not really fair to compare the price. a good part of what you are apying for is really teh lot. so if the lots are similar in size, and similar in cost…the hosue may be larger..but to just say a 3000 sq ft house is 175/sq ft…but a 2000 one is 200/sq ft.. you can’t really compare a 2000 sq ft home to a 3000 sq ft home in te4rms of makign an apples to apples comparison of price per sq ft.
you’d need to compare that 2000 sq ft house to other homes of roughly the same size. as you go bigger, i tend to find that you will get lower prices per square foot…since you are spreading the cost of the land across more square feet…. make sense? it’s almost like you get a bit of a break on price per sq ft if you buid a larger house on a lot instead of the smaller house.. since you still have the cost of the land in there.. regardless of how big the house is.
so while you may get more “bang for the buck” on those larger houses..you’ll still pay more.
how much house do you really need anyway? people here in temecula seem to think they can’t be happy unless they have 4000 sq ft, a 4 car garage..to hold all their toys and their hummer… i grew up in a 4 bedroom hosue that was just under 2000 sq ft and it was FINE. 20 years ago, familes if 5-6 people would live in a 3 bedroom 1200-1500sq ft house….
you have to heat, cool, maintain, etc that HUGE house. not worth it to me unless you absolutely gotta have a room for EVERY kid, and a ROOM for your computer, and a ROOM for a guest who stays over once every 6 months, and ROOM for your workout stuff, and an entire EXTRA 3rd or 4th bay garage to store all your extra goodies from costco..
anyway..i stopped at charleson and aberdeen and it looks like they are advertising the 2300 sq ft home – smallest aberdeen home – for $450k. with about $40k in incetives. so they rip you off on flooring… and closing costs..and you have spent $450k on a 2300 sq ft house.
you can pick up a 2000 sq ft home in harveston for $400k if you negotiate well. mabye less if you watch for deals. if you find one that has been fixed up alrady, the previosu owner will ahve done all the landscaping, flooring upgrades, and window coverings.
i walked into a hosue that has $10,000 worth of shutters, and $20,000 wroth of flooring, and a $20,000 backyard…
you have to remember if you buy new – you’ll be adding all those little extras..and if you aren’t handy dandy..you’ll be paying someone to do your backyard (unless you want to have a sandbox out back) , you’ll need window coverings..nice shutters can run 5-10k for a normal sized house…. it adds up.
as an aside..i saw a HUGE house in french valley…driveway have a new MItsubishi EVO, some other sports car, garage was a 4 bay job, there were 3-4 quads and a motorcycle in the garage…… and the house had NOT ONE SINGLE BLIND on the whole thign.. idiot… bought toys..and has no money..not even for the cheapy paper blinds… that’s french valley… no thanks.
i say if you are going to buy in tem – harveston is a nice area. if you like what you get and can get a good deal..whenever that might be… maybe now, maybe ayear or two from now..but harveston is a cute very nice family oriented area. we have been there for a year and like it a lot.
May 23, 2007 at 9:03 AM #5448023109VC
Participantcouple of comments –
that house in foreclosure on Pasadena – I believe that is a LAKEFRONT house. I personally would NOT pay a premium b/c it’s on the lake…but most of the homes ON the lake..are priced a good 100k above the others that are not. if you have been to harveston..it has a large manmade lake/pond/whatever yuo want to call it.. i think it’s roughly .25 mile around… maybe a bit more…. it’s long and narrow..and is lined on both banks by houses… those houses sold for a premium…and right now there are 3-4 of them on the market..that one on padadena went into foreclosure. the problem is that the owners of these units WANT a premium for the lakefront address..but the property itself is basicallya botu 2000 sq ft…and it’s hard to justify a 500-600k price tag for soemthign that size…lakefront or not…
you could buy that same pasadena house OFF the lake…one street away for that 400-450k range. some of the cottages like these are stripped with NO upgrades, others ar eloaded up to the hilt with granite, travertine, cabinets, carpet…
one downside of cottages is that they have VERY small lots…almost NO yard..and they are VERY close together. given the layout you really have no privacy in your yard. one thing i dislike about a lot of these neighborhoods in harveston is the lack of any private yards. the houses back up on one another so that you go itno your backyard to relax/bbq/enjoy some peace and quiet..and you are SURROUNDED by two stories..wtih countless windows…you get that feeling of being watched. now I dont’ do any nude sunbathing…so it’s not REAQLLY much of an issue..but it is nice to feel like your backyard is sort of private….
there are a few areas in haerveston where you can not back up on rear neighbors, and NOT back up on a street – but not many of them.
overall – Harveston is a very nice community. it is well kept. just last night to help the kids falls asleep my wife and i drove through the french valley areas…we drove through the communites JUST north of latour and the other DR horton one..and the Lennas Spencers Crossing. we were suprised at how run down the neighborhoods looked. there wer a lot of brown lawn homes…and a lot of what I would consieer JUNK cars in driveways. lots of houses with what looked like service trucks – one guy actualy had a large giant car carrier..those thigns that they use to transport cars..parked on his cul de sac… you don’t see that crap in harveston. nor do you see it in many o the other more upscale areas of tem or murr – if you want to call them “upscale”.
overall – harveston is a nice place. i kind of think the lennar properties – one is prescott – is too far from the lake. you get to pay all the harveston HOAs and you’ll be too far to utilize them w/out driving in the car, which will make it that much more of a pITA to enjoy it. from my house, i can walk to the lake or parks. it makes a difference. i’m sure i’d go there less if i had to load up 3 kids into carseats for a quick walk at the lake..when you can just put them in a stroller and walk over, it’s a lot mroe convenient.
$ per square foot – here is q uestion. when you compare the price of a 2700-3000 sq ft home and come up with a price per square foot…vs comparing a 1900-2100 sq ft house – it’s not really fair to compare the price. a good part of what you are apying for is really teh lot. so if the lots are similar in size, and similar in cost…the hosue may be larger..but to just say a 3000 sq ft house is 175/sq ft…but a 2000 one is 200/sq ft.. you can’t really compare a 2000 sq ft home to a 3000 sq ft home in te4rms of makign an apples to apples comparison of price per sq ft.
you’d need to compare that 2000 sq ft house to other homes of roughly the same size. as you go bigger, i tend to find that you will get lower prices per square foot…since you are spreading the cost of the land across more square feet…. make sense? it’s almost like you get a bit of a break on price per sq ft if you buid a larger house on a lot instead of the smaller house.. since you still have the cost of the land in there.. regardless of how big the house is.
so while you may get more “bang for the buck” on those larger houses..you’ll still pay more.
how much house do you really need anyway? people here in temecula seem to think they can’t be happy unless they have 4000 sq ft, a 4 car garage..to hold all their toys and their hummer… i grew up in a 4 bedroom hosue that was just under 2000 sq ft and it was FINE. 20 years ago, familes if 5-6 people would live in a 3 bedroom 1200-1500sq ft house….
you have to heat, cool, maintain, etc that HUGE house. not worth it to me unless you absolutely gotta have a room for EVERY kid, and a ROOM for your computer, and a ROOM for a guest who stays over once every 6 months, and ROOM for your workout stuff, and an entire EXTRA 3rd or 4th bay garage to store all your extra goodies from costco..
anyway..i stopped at charleson and aberdeen and it looks like they are advertising the 2300 sq ft home – smallest aberdeen home – for $450k. with about $40k in incetives. so they rip you off on flooring… and closing costs..and you have spent $450k on a 2300 sq ft house.
you can pick up a 2000 sq ft home in harveston for $400k if you negotiate well. mabye less if you watch for deals. if you find one that has been fixed up alrady, the previosu owner will ahve done all the landscaping, flooring upgrades, and window coverings.
i walked into a hosue that has $10,000 worth of shutters, and $20,000 wroth of flooring, and a $20,000 backyard…
you have to remember if you buy new – you’ll be adding all those little extras..and if you aren’t handy dandy..you’ll be paying someone to do your backyard (unless you want to have a sandbox out back) , you’ll need window coverings..nice shutters can run 5-10k for a normal sized house…. it adds up.
as an aside..i saw a HUGE house in french valley…driveway have a new MItsubishi EVO, some other sports car, garage was a 4 bay job, there were 3-4 quads and a motorcycle in the garage…… and the house had NOT ONE SINGLE BLIND on the whole thign.. idiot… bought toys..and has no money..not even for the cheapy paper blinds… that’s french valley… no thanks.
i say if you are going to buy in tem – harveston is a nice area. if you like what you get and can get a good deal..whenever that might be… maybe now, maybe ayear or two from now..but harveston is a cute very nice family oriented area. we have been there for a year and like it a lot.
May 23, 2007 at 9:26 AM #54475PerryChase
Participant23109VC, I see nothing wrong with not having blinds/drapes. If I had a choice, I’d have a view house with no wall covering — perhaps some privacy screens for night time privacy.
May 23, 2007 at 9:26 AM #54488PerryChase
Participant23109VC, I see nothing wrong with not having blinds/drapes. If I had a choice, I’d have a view house with no wall covering — perhaps some privacy screens for night time privacy.
May 23, 2007 at 10:21 AM #5448323109VC
Participantthe house i saw with NO window coverings was in french valley, with NO view of anything except his next door and rear neighbors windows.
so while he or his wife are wakling in/around their bathroom, or changing clothes, or heck… while the owner is getting it on with his wife – the neighbors could see it in all its glory…. no thanks.
i agree..if you have a view lot.. on a hill…no rear neighbors… and you looked off to the sunset/city lights/beach/etc – no blinds is not an issue. this house was the kidn where you NEEDED them.
apparently he needed an EVO, 4 quads, and a motorcycle more than privacy… which i find typical of french valley. i also notice a lot of peole doing bbqs in their driveway – because their backyard is still a sandbox….. classy!
May 23, 2007 at 10:21 AM #5449623109VC
Participantthe house i saw with NO window coverings was in french valley, with NO view of anything except his next door and rear neighbors windows.
so while he or his wife are wakling in/around their bathroom, or changing clothes, or heck… while the owner is getting it on with his wife – the neighbors could see it in all its glory…. no thanks.
i agree..if you have a view lot.. on a hill…no rear neighbors… and you looked off to the sunset/city lights/beach/etc – no blinds is not an issue. this house was the kidn where you NEEDED them.
apparently he needed an EVO, 4 quads, and a motorcycle more than privacy… which i find typical of french valley. i also notice a lot of peole doing bbqs in their driveway – because their backyard is still a sandbox….. classy!
May 23, 2007 at 11:58 AM #54513newguy
ParticipantHmm…while I agree that going to a bigger house, you get a better “bang for the buck”, I’m a bit hesitant to say it’s due to the lot. I agree that if you build a bigger house on a lot, then that’s more money to spread around the house which will result in a smaller $/sq ft, but that’s if the lot sizes are the same.
The Aberdeen house (last time I looked) that I saw had a lot of about 4300 sq ft for their 2300 sq ft home. At 405K (they were asking at the time 425K with 20K incentives), that’s still $94/sq ft (405K/4300 sq ft). For living space, that’s $176/sq ft.
Whereas the Barrington house, they were asking 455K (465K with 10K incentives) for their 3068 sq ft house on a 5130 sq ft lot. That’s $89/sqft for land and $148/sqft of living space.
Granted, the location is worse in Barrington, so that could be an obvious reason why. Or I can be looking at this whole thing wrong =P Please correct me if my logic is flawed.
As for how big of a house you need, I agree you don’t need the biggest house ever. But it’s nice to have (if you can afford the utilities).
But let’s say there’s a 2300 sq ft house at 400K, a 3000 sq ft house at 435K, and a 3700 sq ft house at 470K. Which would you choose? Let’s assume that the lot sizes are proportional to the house size and they’re in the same location.
May 23, 2007 at 11:58 AM #54526newguy
ParticipantHmm…while I agree that going to a bigger house, you get a better “bang for the buck”, I’m a bit hesitant to say it’s due to the lot. I agree that if you build a bigger house on a lot, then that’s more money to spread around the house which will result in a smaller $/sq ft, but that’s if the lot sizes are the same.
The Aberdeen house (last time I looked) that I saw had a lot of about 4300 sq ft for their 2300 sq ft home. At 405K (they were asking at the time 425K with 20K incentives), that’s still $94/sq ft (405K/4300 sq ft). For living space, that’s $176/sq ft.
Whereas the Barrington house, they were asking 455K (465K with 10K incentives) for their 3068 sq ft house on a 5130 sq ft lot. That’s $89/sqft for land and $148/sqft of living space.
Granted, the location is worse in Barrington, so that could be an obvious reason why. Or I can be looking at this whole thing wrong =P Please correct me if my logic is flawed.
As for how big of a house you need, I agree you don’t need the biggest house ever. But it’s nice to have (if you can afford the utilities).
But let’s say there’s a 2300 sq ft house at 400K, a 3000 sq ft house at 435K, and a 3700 sq ft house at 470K. Which would you choose? Let’s assume that the lot sizes are proportional to the house size and they’re in the same location.
May 23, 2007 at 1:08 PM #54525The-Shoveler
ParticipantI think some people like a Condo environment, some people want a house with a real yard and a big garage.
A lot of kids like riding on Jet Ski’s, a few like walking around a lake once in a while.
It’s a matter of taste I guess.
If you get a two story home with dual zone Air, Just using the Down stairs Air make a lot of difference , If you have a one story, you got no choice but to try to cool the roof where the sun is hitting it.
Good luck.
May 23, 2007 at 1:08 PM #54538The-Shoveler
ParticipantI think some people like a Condo environment, some people want a house with a real yard and a big garage.
A lot of kids like riding on Jet Ski’s, a few like walking around a lake once in a while.
It’s a matter of taste I guess.
If you get a two story home with dual zone Air, Just using the Down stairs Air make a lot of difference , If you have a one story, you got no choice but to try to cool the roof where the sun is hitting it.
Good luck.
May 23, 2007 at 11:48 PM #54642temeculaguy
Participant23109, I have to agree with your observations on demographics as they pertain to French Valley vs. Harveston. Basically these same argumants can be made of any master planned HOA development vs. non HOA. There’s no right or wrong, it’s a lifestyle choice. I can say that the places with the stricter rules seem to hold up better over time. Take a drive through Redhawk one day and you will see fifteen year old neighborhoods that look better that two year old neighborhoods in French Valley. Drive the whole redhawk loop and when it transitions to Vail Ranch (which doesn’t have an HOA but is newer) you will see that it looks older despite being newer.
The guy with all the toys and no window coverings or landscaping avoids the strict communities, ridicules their rules and complains of the lack of space for his toys and all the uppity people that lack tattoos and open minds. Those accusations might be true but in fifteen years harveston will still look good and command better resale prices in comparison.
May 23, 2007 at 11:48 PM #54657temeculaguy
Participant23109, I have to agree with your observations on demographics as they pertain to French Valley vs. Harveston. Basically these same argumants can be made of any master planned HOA development vs. non HOA. There’s no right or wrong, it’s a lifestyle choice. I can say that the places with the stricter rules seem to hold up better over time. Take a drive through Redhawk one day and you will see fifteen year old neighborhoods that look better that two year old neighborhoods in French Valley. Drive the whole redhawk loop and when it transitions to Vail Ranch (which doesn’t have an HOA but is newer) you will see that it looks older despite being newer.
The guy with all the toys and no window coverings or landscaping avoids the strict communities, ridicules their rules and complains of the lack of space for his toys and all the uppity people that lack tattoos and open minds. Those accusations might be true but in fifteen years harveston will still look good and command better resale prices in comparison.
May 24, 2007 at 12:08 AM #54651FormerOwner
ParticipantIf gas prices go much higher, all those French Valley people will be trying to unload their lifted 4×4’s next year along with their McMansions.
May 24, 2007 at 12:08 AM #54665FormerOwner
ParticipantIf gas prices go much higher, all those French Valley people will be trying to unload their lifted 4×4’s next year along with their McMansions.
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