Estates at Stonebridge

[Chargersin2009]

I am looking at homes in the estates at Stonebridge in Scripps Ranch. I particularly liked Sanctuary (plan 2) and Scripps Preserve (plan 1). Agents at both places basically said they would accept a lot less than the asking price. The Tiburon homes were unique, but would be my third choice.

What do people think about these homes? Is living so close to Miramar’s air station a disadvantage? How about living among the brush? Is the location too far from the freeway?

[patientlywaiting]

Too far from the 15. You’re almost in red-neck country.

[patientlywaiting]

Too far from the 15. You’re almost in red-neck country.

[patientlywaiting]

Too far from the 15. You’re almost in red-neck country.

[patientlywaiting]

Too far from the 15. You’re almost in red-neck country.

[patientlywaiting]

Too far from the 15. You’re almost in red-neck country.

[SD Realtor]

Chargersin09 –

I live right around the corner from stonebridge. Rather then talk about unique floorplans and such I would rather just give a general analysis. First off I would point out to you that there have been more then a few distressed sales in Stonebridge. I expect that trend to absolutely continue.

One of the things I notice about posts that solicit opinions about particular locations or developments is that responses tend to carry a more negative bias then positive. I think it is always easier to find fault with a location/development then not. The bottom line is that in many cases these are all opinions more then anything else. There are sometimes more factual points brought out and those are helpful. Yet I cannot help but think in some cases lurkers or others will not post for fear of being slammed.

That said, my overall opinion of Stonebridge is simply nyah…I can take it or leave it but for the money I think I would rather live on the south side of Pomerado in Old Scripps. Stonebridge is a bit to wide open for me and it is far off from 15. I get on Pomerado at Semillon and I curse the commute each day. So if I were farther back where Stonebridge is that simply would not suit me. As for the distressed sales that is 100% factual. In each of these cases that you mentioned I am sure you could get a very good deal if you have patience and are not afraid to walk away from a deal here and there.

Miramar is not a big deal. As far as the brush goes again, I don’t see much of an issue there. If you are on the canyon it obviously behooves you to keep your slope clear.

As far as my opinions above they are only that… just opinions. Please don’t take them for anything else other then that. I think if you like Stonebridge then by all means go for it. I do believe it will depreciate but so will other comparable areas. Anyways just make sure you get the best deal possible.

[kcal09]

[quote=SD Realtor]Chargersin09 –

I live right around the corner from stonebridge. Rather then talk about unique floorplans and such I would rather just give a general analysis. First off I would point out to you that there have been more then a few distressed sales in Stonebridge. I expect that trend to absolutely continue.

One of the things I notice about posts that solicit opinions about particular locations or developments is that responses tend to carry a more negative bias then positive. I think it is always easier to find fault with a location/development then not. The bottom line is that in many cases these are all opinions more then anything else. There are sometimes more factual points brought out and those are helpful. Yet I cannot help but think in some cases lurkers or others will not post for fear of being slammed.

That said, my overall opinion of Stonebridge is simply nyah…I can take it or leave it but for the money I think I would rather live on the south side of Pomerado in Old Scripps. Stonebridge is a bit to wide open for me and it is far off from 15. I get on Pomerado at Semillon and I curse the commute each day. So if I were farther back where Stonebridge is that simply would not suit me. As for the distressed sales that is 100% factual. In each of these cases that you mentioned I am sure you could get a very good deal if you have patience and are not afraid to walk away from a deal here and there.

Miramar is not a big deal. As far as the brush goes again, I don’t see much of an issue there. If you are on the canyon it obviously behooves you to keep your slope clear.

As far as my opinions above they are only that… just opinions. Please don’t take them for anything else other then that. I think if you like Stonebridge then by all means go for it. I do believe it will depreciate but so will other comparable areas. Anyways just make sure you get the best deal possible.[/quote]

I have been following “Serenity” for about 2 years and surprisingly those homes are selling fast now even without significant discounts or free upgrades. It looks like the people who want to buy a new home have not many choices in SD anymore and Stonebridge is one of the few “affordable” neighborhoods.

[kcal09]

[quote=SD Realtor]Chargersin09 –

I live right around the corner from stonebridge. Rather then talk about unique floorplans and such I would rather just give a general analysis. First off I would point out to you that there have been more then a few distressed sales in Stonebridge. I expect that trend to absolutely continue.

One of the things I notice about posts that solicit opinions about particular locations or developments is that responses tend to carry a more negative bias then positive. I think it is always easier to find fault with a location/development then not. The bottom line is that in many cases these are all opinions more then anything else. There are sometimes more factual points brought out and those are helpful. Yet I cannot help but think in some cases lurkers or others will not post for fear of being slammed.

That said, my overall opinion of Stonebridge is simply nyah…I can take it or leave it but for the money I think I would rather live on the south side of Pomerado in Old Scripps. Stonebridge is a bit to wide open for me and it is far off from 15. I get on Pomerado at Semillon and I curse the commute each day. So if I were farther back where Stonebridge is that simply would not suit me. As for the distressed sales that is 100% factual. In each of these cases that you mentioned I am sure you could get a very good deal if you have patience and are not afraid to walk away from a deal here and there.

Miramar is not a big deal. As far as the brush goes again, I don’t see much of an issue there. If you are on the canyon it obviously behooves you to keep your slope clear.

As far as my opinions above they are only that… just opinions. Please don’t take them for anything else other then that. I think if you like Stonebridge then by all means go for it. I do believe it will depreciate but so will other comparable areas. Anyways just make sure you get the best deal possible.[/quote]

I have been following “Serenity” for about 2 years and surprisingly those homes are selling fast now even without significant discounts or free upgrades. It looks like the people who want to buy a new home have not many choices in SD anymore and Stonebridge is one of the few “affordable” neighborhoods.

[kcal09]

[quote=SD Realtor]Chargersin09 –

I live right around the corner from stonebridge. Rather then talk about unique floorplans and such I would rather just give a general analysis. First off I would point out to you that there have been more then a few distressed sales in Stonebridge. I expect that trend to absolutely continue.

One of the things I notice about posts that solicit opinions about particular locations or developments is that responses tend to carry a more negative bias then positive. I think it is always easier to find fault with a location/development then not. The bottom line is that in many cases these are all opinions more then anything else. There are sometimes more factual points brought out and those are helpful. Yet I cannot help but think in some cases lurkers or others will not post for fear of being slammed.

That said, my overall opinion of Stonebridge is simply nyah…I can take it or leave it but for the money I think I would rather live on the south side of Pomerado in Old Scripps. Stonebridge is a bit to wide open for me and it is far off from 15. I get on Pomerado at Semillon and I curse the commute each day. So if I were farther back where Stonebridge is that simply would not suit me. As for the distressed sales that is 100% factual. In each of these cases that you mentioned I am sure you could get a very good deal if you have patience and are not afraid to walk away from a deal here and there.

Miramar is not a big deal. As far as the brush goes again, I don’t see much of an issue there. If you are on the canyon it obviously behooves you to keep your slope clear.

As far as my opinions above they are only that… just opinions. Please don’t take them for anything else other then that. I think if you like Stonebridge then by all means go for it. I do believe it will depreciate but so will other comparable areas. Anyways just make sure you get the best deal possible.[/quote]

I have been following “Serenity” for about 2 years and surprisingly those homes are selling fast now even without significant discounts or free upgrades. It looks like the people who want to buy a new home have not many choices in SD anymore and Stonebridge is one of the few “affordable” neighborhoods.

[kcal09]

[quote=SD Realtor]Chargersin09 –

I live right around the corner from stonebridge. Rather then talk about unique floorplans and such I would rather just give a general analysis. First off I would point out to you that there have been more then a few distressed sales in Stonebridge. I expect that trend to absolutely continue.

One of the things I notice about posts that solicit opinions about particular locations or developments is that responses tend to carry a more negative bias then positive. I think it is always easier to find fault with a location/development then not. The bottom line is that in many cases these are all opinions more then anything else. There are sometimes more factual points brought out and those are helpful. Yet I cannot help but think in some cases lurkers or others will not post for fear of being slammed.

That said, my overall opinion of Stonebridge is simply nyah…I can take it or leave it but for the money I think I would rather live on the south side of Pomerado in Old Scripps. Stonebridge is a bit to wide open for me and it is far off from 15. I get on Pomerado at Semillon and I curse the commute each day. So if I were farther back where Stonebridge is that simply would not suit me. As for the distressed sales that is 100% factual. In each of these cases that you mentioned I am sure you could get a very good deal if you have patience and are not afraid to walk away from a deal here and there.

Miramar is not a big deal. As far as the brush goes again, I don’t see much of an issue there. If you are on the canyon it obviously behooves you to keep your slope clear.

As far as my opinions above they are only that… just opinions. Please don’t take them for anything else other then that. I think if you like Stonebridge then by all means go for it. I do believe it will depreciate but so will other comparable areas. Anyways just make sure you get the best deal possible.[/quote]

I have been following “Serenity” for about 2 years and surprisingly those homes are selling fast now even without significant discounts or free upgrades. It looks like the people who want to buy a new home have not many choices in SD anymore and Stonebridge is one of the few “affordable” neighborhoods.

[kcal09]

[quote=SD Realtor]Chargersin09 –

I live right around the corner from stonebridge. Rather then talk about unique floorplans and such I would rather just give a general analysis. First off I would point out to you that there have been more then a few distressed sales in Stonebridge. I expect that trend to absolutely continue.

One of the things I notice about posts that solicit opinions about particular locations or developments is that responses tend to carry a more negative bias then positive. I think it is always easier to find fault with a location/development then not. The bottom line is that in many cases these are all opinions more then anything else. There are sometimes more factual points brought out and those are helpful. Yet I cannot help but think in some cases lurkers or others will not post for fear of being slammed.

That said, my overall opinion of Stonebridge is simply nyah…I can take it or leave it but for the money I think I would rather live on the south side of Pomerado in Old Scripps. Stonebridge is a bit to wide open for me and it is far off from 15. I get on Pomerado at Semillon and I curse the commute each day. So if I were farther back where Stonebridge is that simply would not suit me. As for the distressed sales that is 100% factual. In each of these cases that you mentioned I am sure you could get a very good deal if you have patience and are not afraid to walk away from a deal here and there.

Miramar is not a big deal. As far as the brush goes again, I don’t see much of an issue there. If you are on the canyon it obviously behooves you to keep your slope clear.

As far as my opinions above they are only that… just opinions. Please don’t take them for anything else other then that. I think if you like Stonebridge then by all means go for it. I do believe it will depreciate but so will other comparable areas. Anyways just make sure you get the best deal possible.[/quote]

I have been following “Serenity” for about 2 years and surprisingly those homes are selling fast now even without significant discounts or free upgrades. It looks like the people who want to buy a new home have not many choices in SD anymore and Stonebridge is one of the few “affordable” neighborhoods.

[SD Realtor]

Chargersin09 –

I live right around the corner from stonebridge. Rather then talk about unique floorplans and such I would rather just give a general analysis. First off I would point out to you that there have been more then a few distressed sales in Stonebridge. I expect that trend to absolutely continue.

One of the things I notice about posts that solicit opinions about particular locations or developments is that responses tend to carry a more negative bias then positive. I think it is always easier to find fault with a location/development then not. The bottom line is that in many cases these are all opinions more then anything else. There are sometimes more factual points brought out and those are helpful. Yet I cannot help but think in some cases lurkers or others will not post for fear of being slammed.

That said, my overall opinion of Stonebridge is simply nyah…I can take it or leave it but for the money I think I would rather live on the south side of Pomerado in Old Scripps. Stonebridge is a bit to wide open for me and it is far off from 15. I get on Pomerado at Semillon and I curse the commute each day. So if I were farther back where Stonebridge is that simply would not suit me. As for the distressed sales that is 100% factual. In each of these cases that you mentioned I am sure you could get a very good deal if you have patience and are not afraid to walk away from a deal here and there.

Miramar is not a big deal. As far as the brush goes again, I don’t see much of an issue there. If you are on the canyon it obviously behooves you to keep your slope clear.

As far as my opinions above they are only that… just opinions. Please don’t take them for anything else other then that. I think if you like Stonebridge then by all means go for it. I do believe it will depreciate but so will other comparable areas. Anyways just make sure you get the best deal possible.

[SD Realtor]

Chargersin09 –

I live right around the corner from stonebridge. Rather then talk about unique floorplans and such I would rather just give a general analysis. First off I would point out to you that there have been more then a few distressed sales in Stonebridge. I expect that trend to absolutely continue.

One of the things I notice about posts that solicit opinions about particular locations or developments is that responses tend to carry a more negative bias then positive. I think it is always easier to find fault with a location/development then not. The bottom line is that in many cases these are all opinions more then anything else. There are sometimes more factual points brought out and those are helpful. Yet I cannot help but think in some cases lurkers or others will not post for fear of being slammed.

That said, my overall opinion of Stonebridge is simply nyah…I can take it or leave it but for the money I think I would rather live on the south side of Pomerado in Old Scripps. Stonebridge is a bit to wide open for me and it is far off from 15. I get on Pomerado at Semillon and I curse the commute each day. So if I were farther back where Stonebridge is that simply would not suit me. As for the distressed sales that is 100% factual. In each of these cases that you mentioned I am sure you could get a very good deal if you have patience and are not afraid to walk away from a deal here and there.

Miramar is not a big deal. As far as the brush goes again, I don’t see much of an issue there. If you are on the canyon it obviously behooves you to keep your slope clear.

As far as my opinions above they are only that… just opinions. Please don’t take them for anything else other then that. I think if you like Stonebridge then by all means go for it. I do believe it will depreciate but so will other comparable areas. Anyways just make sure you get the best deal possible.

[SD Realtor]

Chargersin09 –

I live right around the corner from stonebridge. Rather then talk about unique floorplans and such I would rather just give a general analysis. First off I would point out to you that there have been more then a few distressed sales in Stonebridge. I expect that trend to absolutely continue.

One of the things I notice about posts that solicit opinions about particular locations or developments is that responses tend to carry a more negative bias then positive. I think it is always easier to find fault with a location/development then not. The bottom line is that in many cases these are all opinions more then anything else. There are sometimes more factual points brought out and those are helpful. Yet I cannot help but think in some cases lurkers or others will not post for fear of being slammed.

That said, my overall opinion of Stonebridge is simply nyah…I can take it or leave it but for the money I think I would rather live on the south side of Pomerado in Old Scripps. Stonebridge is a bit to wide open for me and it is far off from 15. I get on Pomerado at Semillon and I curse the commute each day. So if I were farther back where Stonebridge is that simply would not suit me. As for the distressed sales that is 100% factual. In each of these cases that you mentioned I am sure you could get a very good deal if you have patience and are not afraid to walk away from a deal here and there.

Miramar is not a big deal. As far as the brush goes again, I don’t see much of an issue there. If you are on the canyon it obviously behooves you to keep your slope clear.

As far as my opinions above they are only that… just opinions. Please don’t take them for anything else other then that. I think if you like Stonebridge then by all means go for it. I do believe it will depreciate but so will other comparable areas. Anyways just make sure you get the best deal possible.

[SD Realtor]

Chargersin09 –

I live right around the corner from stonebridge. Rather then talk about unique floorplans and such I would rather just give a general analysis. First off I would point out to you that there have been more then a few distressed sales in Stonebridge. I expect that trend to absolutely continue.

One of the things I notice about posts that solicit opinions about particular locations or developments is that responses tend to carry a more negative bias then positive. I think it is always easier to find fault with a location/development then not. The bottom line is that in many cases these are all opinions more then anything else. There are sometimes more factual points brought out and those are helpful. Yet I cannot help but think in some cases lurkers or others will not post for fear of being slammed.

That said, my overall opinion of Stonebridge is simply nyah…I can take it or leave it but for the money I think I would rather live on the south side of Pomerado in Old Scripps. Stonebridge is a bit to wide open for me and it is far off from 15. I get on Pomerado at Semillon and I curse the commute each day. So if I were farther back where Stonebridge is that simply would not suit me. As for the distressed sales that is 100% factual. In each of these cases that you mentioned I am sure you could get a very good deal if you have patience and are not afraid to walk away from a deal here and there.

Miramar is not a big deal. As far as the brush goes again, I don’t see much of an issue there. If you are on the canyon it obviously behooves you to keep your slope clear.

As far as my opinions above they are only that… just opinions. Please don’t take them for anything else other then that. I think if you like Stonebridge then by all means go for it. I do believe it will depreciate but so will other comparable areas. Anyways just make sure you get the best deal possible.

[ybitz]

How much are these two plans (Sanctuary plan 2 and Scripps Preserve plan 1) going for? Is there HOA/MR too?

[HomeShopping]

I believe that Sanctuary and Scripps Preserve are sold out, from the builder at least. They both have HOA/MR.

The last phase of Scripps Preserve sold for rock bottom:

“3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798K

Those are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.”

http://piggington.com/stonebridge_estates_scripps_preserve_what039s_going_on_there

[kcal09]

[quote=HomeShopping]I believe that Sanctuary and Scripps Preserve are sold out, from the builder at least. They both have HOA/MR.

The last phase of Scripps Preserve sold for rock bottom:

“3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798K

Those are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.”

http://piggington.com/stonebridge_estates_scripps_preserve_what039s_going_on_there%5B/quote%5D

These were the last few homes when Davidson wanted to close the deal. Most of the homes were sold for about $200k more.

[kcal09]

[quote=HomeShopping]I believe that Sanctuary and Scripps Preserve are sold out, from the builder at least. They both have HOA/MR.

The last phase of Scripps Preserve sold for rock bottom:

“3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798K

Those are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.”

http://piggington.com/stonebridge_estates_scripps_preserve_what039s_going_on_there%5B/quote%5D

These were the last few homes when Davidson wanted to close the deal. Most of the homes were sold for about $200k more.

[kcal09]

[quote=HomeShopping]I believe that Sanctuary and Scripps Preserve are sold out, from the builder at least. They both have HOA/MR.

The last phase of Scripps Preserve sold for rock bottom:

“3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798K

Those are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.”

http://piggington.com/stonebridge_estates_scripps_preserve_what039s_going_on_there%5B/quote%5D

These were the last few homes when Davidson wanted to close the deal. Most of the homes were sold for about $200k more.

[kcal09]

[quote=HomeShopping]I believe that Sanctuary and Scripps Preserve are sold out, from the builder at least. They both have HOA/MR.

The last phase of Scripps Preserve sold for rock bottom:

“3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798K

Those are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.”

http://piggington.com/stonebridge_estates_scripps_preserve_what039s_going_on_there%5B/quote%5D

These were the last few homes when Davidson wanted to close the deal. Most of the homes were sold for about $200k more.

[kcal09]

[quote=HomeShopping]I believe that Sanctuary and Scripps Preserve are sold out, from the builder at least. They both have HOA/MR.

The last phase of Scripps Preserve sold for rock bottom:

“3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798K

Those are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.”

http://piggington.com/stonebridge_estates_scripps_preserve_what039s_going_on_there%5B/quote%5D

These were the last few homes when Davidson wanted to close the deal. Most of the homes were sold for about $200k more.

[HomeShopping]

I believe that Sanctuary and Scripps Preserve are sold out, from the builder at least. They both have HOA/MR.

The last phase of Scripps Preserve sold for rock bottom:

“3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798K

Those are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.”

http://piggington.com/stonebridge_estates_scripps_preserve_what039s_going_on_there

[HomeShopping]

I believe that Sanctuary and Scripps Preserve are sold out, from the builder at least. They both have HOA/MR.

The last phase of Scripps Preserve sold for rock bottom:

“3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798K

Those are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.”

http://piggington.com/stonebridge_estates_scripps_preserve_what039s_going_on_there

[HomeShopping]

I believe that Sanctuary and Scripps Preserve are sold out, from the builder at least. They both have HOA/MR.

The last phase of Scripps Preserve sold for rock bottom:

“3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798K

Those are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.”

http://piggington.com/stonebridge_estates_scripps_preserve_what039s_going_on_there

[HomeShopping]

I believe that Sanctuary and Scripps Preserve are sold out, from the builder at least. They both have HOA/MR.

The last phase of Scripps Preserve sold for rock bottom:

“3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798K

Those are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.”

http://piggington.com/stonebridge_estates_scripps_preserve_what039s_going_on_there

[ybitz]

How much are these two plans (Sanctuary plan 2 and Scripps Preserve plan 1) going for? Is there HOA/MR too?

[ybitz]

How much are these two plans (Sanctuary plan 2 and Scripps Preserve plan 1) going for? Is there HOA/MR too?

[ybitz]

How much are these two plans (Sanctuary plan 2 and Scripps Preserve plan 1) going for? Is there HOA/MR too?

[ybitz]

How much are these two plans (Sanctuary plan 2 and Scripps Preserve plan 1) going for? Is there HOA/MR too?

[Echoooo]

I have been following Stonebridge too. It used to be my first choice, but with more and more research and seeing that builders and resales in STonebridge start to be unrealistic again, I start to favor 4S ranch (south of Camino de Norte) resales…

[kcal09]

I agree, 4S Ranch south is much more convenient and the neighborhood there is done developing. In contrast, Stonebridge is facing a lot of problems with mortgages under water and the location is inconvenient.

[kcal09]

I agree, 4S Ranch south is much more convenient and the neighborhood there is done developing. In contrast, Stonebridge is facing a lot of problems with mortgages under water and the location is inconvenient.

[kcal09]

I agree, 4S Ranch south is much more convenient and the neighborhood there is done developing. In contrast, Stonebridge is facing a lot of problems with mortgages under water and the location is inconvenient.

[kcal09]

I agree, 4S Ranch south is much more convenient and the neighborhood there is done developing. In contrast, Stonebridge is facing a lot of problems with mortgages under water and the location is inconvenient.

[kcal09]

I agree, 4S Ranch south is much more convenient and the neighborhood there is done developing. In contrast, Stonebridge is facing a lot of problems with mortgages under water and the location is inconvenient.

[Echoooo]

I have been following Stonebridge too. It used to be my first choice, but with more and more research and seeing that builders and resales in STonebridge start to be unrealistic again, I start to favor 4S ranch (south of Camino de Norte) resales…

[Echoooo]

I have been following Stonebridge too. It used to be my first choice, but with more and more research and seeing that builders and resales in STonebridge start to be unrealistic again, I start to favor 4S ranch (south of Camino de Norte) resales…

[Echoooo]

I have been following Stonebridge too. It used to be my first choice, but with more and more research and seeing that builders and resales in STonebridge start to be unrealistic again, I start to favor 4S ranch (south of Camino de Norte) resales…

[Echoooo]

I have been following Stonebridge too. It used to be my first choice, but with more and more research and seeing that builders and resales in STonebridge start to be unrealistic again, I start to favor 4S ranch (south of Camino de Norte) resales…

[kcal09]

This Sanctuary home just came on the market as a regular sale. What do you think, is it fairly priced in the current market or overpriced?

http://www.sdlookup.com/MLS-110001007-14121_Green_Valley_Ct_San_Diego_CA_92131

[recordsclerk]

[quote=kcal09]This Sanctuary home just came on the market as a regular sale. What do you think, is it fairly priced in the current market or overpriced?

http://www.sdlookup.com/MLS-110001007-14121_Green_Valley_Ct_San_Diego_CA_92131%5B/quote%5D

This is a Serenity home. Way overpriced IMHO. I would rather take a shot at this short sale:

http://www.sdlookup.com/MLS-100051901-14661_Old_Creek_Dr_San_Diego_CA_92131

Or this:

http://www.sdlookup.com/MLS-110000974-14715_Old_Creek_Rd_San_Diego_CA_92131

Or this:

http://www.sdlookup.com/MLS-100050639-13358_Greenstone_Ct_San_Diego_CA_92131

Or you could have bought the model at Tiburon:

http://www.sdlookup.com/MLS-100006008-15242_Maple_Grove_Ln_San_Diego_CA_92131

[SD Realtor]

kcal I think that right now for inventory that just hits the market in Stonebridge right now, it will be hard to get a good deal. Now if something is distressed or has been sitting for awhile that is a different story. We are coming into the season of hope! That is, over the next 3 months more people will put their homes on the market with hopes of sugar plum money coming their way… Those that don’t sell may be riper for deals in the summertime. Agreed that the Serenity home is overpriced. Look for more of the same.

[kcal09]

Thank you for your input. I didn’t realize that this is a Serenity home. Some of the Sanctuary homes were sold at this price and they are way nicer.

[recordsclerk]

Agreed that Sanctuary is nicer. It seems to me that Serenity is a cheaper version of Sanctuary/Tiburon.
I think there have been a few decent deals in the last couple of months.
There is the infamous Shadtree Calabria home at $166 a sqft.:
http://www.sdlookup.com/MLS-100054326-13348_Shadetree_Ct_San_Diego_CA_92131

Then there is this one story from the builder at $198 sqft:
http://www.sdlookup.com/MLS-100057905-15709_E_Bluff_Cove_San_Diego_CA_92131

Then there is this one story plan 1 Sanctuary with second story loft over the master at $183 sqft:
http://www.sdlookup.com/MLS-100033337-14803_Whispering_Ridge_Rd_San_Diego_CA_92131

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.

[ocrenter]

[quote=recordsclerk]

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.[/quote]

I don’t think you have to worry too much about that. there’s going to be distress in these type of neighborhoods for the next few years.

what I don’t know is how the interest rate would look like by then.

[kcal09]

[quote=ocrenter][quote=recordsclerk]

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.[/quote]

I don’t think you have to worry too much about that. there’s going to be distress in these type of neighborhoods for the next few years.

what I don’t know is how the interest rate would look like by then.[/quote]

If we assume the likely scenario that the interest rates will go up over the next years then more homeowners at Stonebridge will end up defaulting and home prices will drop.

[SD Realtor]

Only if they are in adjustable rate vehicles. We are starting to siphon out alot of that. However the premise is still true that prices will come down simply because it will be harder to finance those prices and the buyer pool will shrink a bit. However don’t assume the rubber band effect happens immediately.

[SD Realtor]

Only if they are in adjustable rate vehicles. We are starting to siphon out alot of that. However the premise is still true that prices will come down simply because it will be harder to finance those prices and the buyer pool will shrink a bit. However don’t assume the rubber band effect happens immediately.

[SD Realtor]

Only if they are in adjustable rate vehicles. We are starting to siphon out alot of that. However the premise is still true that prices will come down simply because it will be harder to finance those prices and the buyer pool will shrink a bit. However don’t assume the rubber band effect happens immediately.

[SD Realtor]

Only if they are in adjustable rate vehicles. We are starting to siphon out alot of that. However the premise is still true that prices will come down simply because it will be harder to finance those prices and the buyer pool will shrink a bit. However don’t assume the rubber band effect happens immediately.

[SD Realtor]

Only if they are in adjustable rate vehicles. We are starting to siphon out alot of that. However the premise is still true that prices will come down simply because it will be harder to finance those prices and the buyer pool will shrink a bit. However don’t assume the rubber band effect happens immediately.

[kcal09]

[quote=ocrenter][quote=recordsclerk]

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.[/quote]

I don’t think you have to worry too much about that. there’s going to be distress in these type of neighborhoods for the next few years.

what I don’t know is how the interest rate would look like by then.[/quote]

If we assume the likely scenario that the interest rates will go up over the next years then more homeowners at Stonebridge will end up defaulting and home prices will drop.

[kcal09]

[quote=ocrenter][quote=recordsclerk]

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.[/quote]

I don’t think you have to worry too much about that. there’s going to be distress in these type of neighborhoods for the next few years.

what I don’t know is how the interest rate would look like by then.[/quote]

If we assume the likely scenario that the interest rates will go up over the next years then more homeowners at Stonebridge will end up defaulting and home prices will drop.

[kcal09]

[quote=ocrenter][quote=recordsclerk]

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.[/quote]

I don’t think you have to worry too much about that. there’s going to be distress in these type of neighborhoods for the next few years.

what I don’t know is how the interest rate would look like by then.[/quote]

If we assume the likely scenario that the interest rates will go up over the next years then more homeowners at Stonebridge will end up defaulting and home prices will drop.

[kcal09]

[quote=ocrenter][quote=recordsclerk]

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.[/quote]

I don’t think you have to worry too much about that. there’s going to be distress in these type of neighborhoods for the next few years.

what I don’t know is how the interest rate would look like by then.[/quote]

If we assume the likely scenario that the interest rates will go up over the next years then more homeowners at Stonebridge will end up defaulting and home prices will drop.

[ocrenter]

[quote=recordsclerk]

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.[/quote]

I don’t think you have to worry too much about that. there’s going to be distress in these type of neighborhoods for the next few years.

what I don’t know is how the interest rate would look like by then.

[ocrenter]

[quote=recordsclerk]

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.[/quote]

I don’t think you have to worry too much about that. there’s going to be distress in these type of neighborhoods for the next few years.

what I don’t know is how the interest rate would look like by then.

[ocrenter]

[quote=recordsclerk]

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.[/quote]

I don’t think you have to worry too much about that. there’s going to be distress in these type of neighborhoods for the next few years.

what I don’t know is how the interest rate would look like by then.

[ocrenter]

[quote=recordsclerk]

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.[/quote]

I don’t think you have to worry too much about that. there’s going to be distress in these type of neighborhoods for the next few years.

what I don’t know is how the interest rate would look like by then.

[recordsclerk]

Agreed that Sanctuary is nicer. It seems to me that Serenity is a cheaper version of Sanctuary/Tiburon.
I think there have been a few decent deals in the last couple of months.
There is the infamous Shadtree Calabria home at $166 a sqft.:
http://www.sdlookup.com/MLS-100054326-13348_Shadetree_Ct_San_Diego_CA_92131

Then there is this one story from the builder at $198 sqft:
http://www.sdlookup.com/MLS-100057905-15709_E_Bluff_Cove_San_Diego_CA_92131

Then there is this one story plan 1 Sanctuary with second story loft over the master at $183 sqft:
http://www.sdlookup.com/MLS-100033337-14803_Whispering_Ridge_Rd_San_Diego_CA_92131

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.

[recordsclerk]

Agreed that Sanctuary is nicer. It seems to me that Serenity is a cheaper version of Sanctuary/Tiburon.
I think there have been a few decent deals in the last couple of months.
There is the infamous Shadtree Calabria home at $166 a sqft.:
http://www.sdlookup.com/MLS-100054326-13348_Shadetree_Ct_San_Diego_CA_92131

Then there is this one story from the builder at $198 sqft:
http://www.sdlookup.com/MLS-100057905-15709_E_Bluff_Cove_San_Diego_CA_92131

Then there is this one story plan 1 Sanctuary with second story loft over the master at $183 sqft:
http://www.sdlookup.com/MLS-100033337-14803_Whispering_Ridge_Rd_San_Diego_CA_92131

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.

[recordsclerk]

Agreed that Sanctuary is nicer. It seems to me that Serenity is a cheaper version of Sanctuary/Tiburon.
I think there have been a few decent deals in the last couple of months.
There is the infamous Shadtree Calabria home at $166 a sqft.:
http://www.sdlookup.com/MLS-100054326-13348_Shadetree_Ct_San_Diego_CA_92131

Then there is this one story from the builder at $198 sqft:
http://www.sdlookup.com/MLS-100057905-15709_E_Bluff_Cove_San_Diego_CA_92131

Then there is this one story plan 1 Sanctuary with second story loft over the master at $183 sqft:
http://www.sdlookup.com/MLS-100033337-14803_Whispering_Ridge_Rd_San_Diego_CA_92131

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.

[recordsclerk]

Agreed that Sanctuary is nicer. It seems to me that Serenity is a cheaper version of Sanctuary/Tiburon.
I think there have been a few decent deals in the last couple of months.
There is the infamous Shadtree Calabria home at $166 a sqft.:
http://www.sdlookup.com/MLS-100054326-13348_Shadetree_Ct_San_Diego_CA_92131

Then there is this one story from the builder at $198 sqft:
http://www.sdlookup.com/MLS-100057905-15709_E_Bluff_Cove_San_Diego_CA_92131

Then there is this one story plan 1 Sanctuary with second story loft over the master at $183 sqft:
http://www.sdlookup.com/MLS-100033337-14803_Whispering_Ridge_Rd_San_Diego_CA_92131

IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.

[kcal09]

Thank you for your input. I didn’t realize that this is a Serenity home. Some of the Sanctuary homes were sold at this price and they are way nicer.

[kcal09]

Thank you for your input. I didn’t realize that this is a Serenity home. Some of the Sanctuary homes were sold at this price and they are way nicer.

[kcal09]

Thank you for your input. I didn’t realize that this is a Serenity home. Some of the Sanctuary homes were sold at this price and they are way nicer.

[kcal09]

Thank you for your input. I didn’t realize that this is a Serenity home. Some of the Sanctuary homes were sold at this price and they are way nicer.

[SD Realtor]

kcal I think that right now for inventory that just hits the market in Stonebridge right now, it will be hard to get a good deal. Now if something is distressed or has been sitting for awhile that is a different story. We are coming into the season of hope! That is, over the next 3 months more people will put their homes on the market with hopes of sugar plum money coming their way… Those that don’t sell may be riper for deals in the summertime. Agreed that the Serenity home is overpriced. Look for more of the same.

[SD Realtor]

kcal I think that right now for inventory that just hits the market in Stonebridge right now, it will be hard to get a good deal. Now if something is distressed or has been sitting for awhile that is a different story. We are coming into the season of hope! That is, over the next 3 months more people will put their homes on the market with hopes of sugar plum money coming their way… Those that don’t sell may be riper for deals in the summertime. Agreed that the Serenity home is overpriced. Look for more of the same.

[SD Realtor]

kcal I think that right now for inventory that just hits the market in Stonebridge right now, it will be hard to get a good deal. Now if something is distressed or has been sitting for awhile that is a different story. We are coming into the season of hope! That is, over the next 3 months more people will put their homes on the market with hopes of sugar plum money coming their way… Those that don’t sell may be riper for deals in the summertime. Agreed that the Serenity home is overpriced. Look for more of the same.

[SD Realtor]

kcal I think that right now for inventory that just hits the market in Stonebridge right now, it will be hard to get a good deal. Now if something is distressed or has been sitting for awhile that is a different story. We are coming into the season of hope! That is, over the next 3 months more people will put their homes on the market with hopes of sugar plum money coming their way… Those that don’t sell may be riper for deals in the summertime. Agreed that the Serenity home is overpriced. Look for more of the same.

[recordsclerk]

[quote=kcal09]This Sanctuary home just came on the market as a regular sale. What do you think, is it fairly priced in the current market or overpriced?

http://www.sdlookup.com/MLS-110001007-14121_Green_Valley_Ct_San_Diego_CA_92131%5B/quote%5D

This is a Serenity home. Way overpriced IMHO. I would rather take a shot at this short sale:

http://www.sdlookup.com/MLS-100051901-14661_Old_Creek_Dr_San_Diego_CA_92131

Or this:

http://www.sdlookup.com/MLS-110000974-14715_Old_Creek_Rd_San_Diego_CA_92131

Or this:

http://www.sdlookup.com/MLS-100050639-13358_Greenstone_Ct_San_Diego_CA_92131

Or you could have bought the model at Tiburon:

http://www.sdlookup.com/MLS-100006008-15242_Maple_Grove_Ln_San_Diego_CA_92131

[recordsclerk]

[quote=kcal09]This Sanctuary home just came on the market as a regular sale. What do you think, is it fairly priced in the current market or overpriced?

http://www.sdlookup.com/MLS-110001007-14121_Green_Valley_Ct_San_Diego_CA_92131%5B/quote%5D

This is a Serenity home. Way overpriced IMHO. I would rather take a shot at this short sale:

http://www.sdlookup.com/MLS-100051901-14661_Old_Creek_Dr_San_Diego_CA_92131

Or this:

http://www.sdlookup.com/MLS-110000974-14715_Old_Creek_Rd_San_Diego_CA_92131

Or this:

http://www.sdlookup.com/MLS-100050639-13358_Greenstone_Ct_San_Diego_CA_92131

Or you could have bought the model at Tiburon:

http://www.sdlookup.com/MLS-100006008-15242_Maple_Grove_Ln_San_Diego_CA_92131

[recordsclerk]

[quote=kcal09]This Sanctuary home just came on the market as a regular sale. What do you think, is it fairly priced in the current market or overpriced?

http://www.sdlookup.com/MLS-110001007-14121_Green_Valley_Ct_San_Diego_CA_92131%5B/quote%5D

This is a Serenity home. Way overpriced IMHO. I would rather take a shot at this short sale:

http://www.sdlookup.com/MLS-100051901-14661_Old_Creek_Dr_San_Diego_CA_92131

Or this:

http://www.sdlookup.com/MLS-110000974-14715_Old_Creek_Rd_San_Diego_CA_92131

Or this:

http://www.sdlookup.com/MLS-100050639-13358_Greenstone_Ct_San_Diego_CA_92131

Or you could have bought the model at Tiburon:

http://www.sdlookup.com/MLS-100006008-15242_Maple_Grove_Ln_San_Diego_CA_92131

[recordsclerk]

[quote=kcal09]This Sanctuary home just came on the market as a regular sale. What do you think, is it fairly priced in the current market or overpriced?

http://www.sdlookup.com/MLS-110001007-14121_Green_Valley_Ct_San_Diego_CA_92131%5B/quote%5D

This is a Serenity home. Way overpriced IMHO. I would rather take a shot at this short sale:

http://www.sdlookup.com/MLS-100051901-14661_Old_Creek_Dr_San_Diego_CA_92131

Or this:

http://www.sdlookup.com/MLS-110000974-14715_Old_Creek_Rd_San_Diego_CA_92131

Or this:

http://www.sdlookup.com/MLS-100050639-13358_Greenstone_Ct_San_Diego_CA_92131

Or you could have bought the model at Tiburon:

http://www.sdlookup.com/MLS-100006008-15242_Maple_Grove_Ln_San_Diego_CA_92131

[kcal09]

This Sanctuary home just came on the market as a regular sale. What do you think, is it fairly priced in the current market or overpriced?

http://www.sdlookup.com/MLS-110001007-14121_Green_Valley_Ct_San_Diego_CA_92131

[kcal09]

This Sanctuary home just came on the market as a regular sale. What do you think, is it fairly priced in the current market or overpriced?

http://www.sdlookup.com/MLS-110001007-14121_Green_Valley_Ct_San_Diego_CA_92131

[kcal09]

This Sanctuary home just came on the market as a regular sale. What do you think, is it fairly priced in the current market or overpriced?

http://www.sdlookup.com/MLS-110001007-14121_Green_Valley_Ct_San_Diego_CA_92131

[kcal09]

This Sanctuary home just came on the market as a regular sale. What do you think, is it fairly priced in the current market or overpriced?

http://www.sdlookup.com/MLS-110001007-14121_Green_Valley_Ct_San_Diego_CA_92131

[sunny88]

This home just cam on the market. It’s a “Sanctuary” Plan 1 and a short sale. I think this is a pretty good deal at the current asking price. What do others think?

http://www.sdlookup.com/MLS-110000974-14715_Old_Creek_Rd_San_Diego_CA_92131

[recordsclerk]

Very nice house. The price is about right.

[SD Realtor]

Yes I agree… not bad. It will be interesting to see what it goes for.

[sunny88]

The high MR may be the only drawback. I would guess that it probably will go for a little less than $ 1 million. There is another home just down the streeet that has been on and off the market for a long time. I wonder why this one hasn’t sold yet despite the higher square footage and lower asking price…

http://www.sdlookup.com/MLS-100051901-14661_Old_Creek_Dr_San_Diego_CA_92131

Could it be that more distressed homes will surface in the near future ?

[sunny88]

The high MR may be the only drawback. I would guess that it probably will go for a little less than $ 1 million. There is another home just down the streeet that has been on and off the market for a long time. I wonder why this one hasn’t sold yet despite the higher square footage and lower asking price…

http://www.sdlookup.com/MLS-100051901-14661_Old_Creek_Dr_San_Diego_CA_92131

Could it be that more distressed homes will surface in the near future ?

[sunny88]

The high MR may be the only drawback. I would guess that it probably will go for a little less than $ 1 million. There is another home just down the streeet that has been on and off the market for a long time. I wonder why this one hasn’t sold yet despite the higher square footage and lower asking price…

http://www.sdlookup.com/MLS-100051901-14661_Old_Creek_Dr_San_Diego_CA_92131

Could it be that more distressed homes will surface in the near future ?

[sunny88]

The high MR may be the only drawback. I would guess that it probably will go for a little less than $ 1 million. There is another home just down the streeet that has been on and off the market for a long time. I wonder why this one hasn’t sold yet despite the higher square footage and lower asking price…

http://www.sdlookup.com/MLS-100051901-14661_Old_Creek_Dr_San_Diego_CA_92131

Could it be that more distressed homes will surface in the near future ?

[sunny88]

The high MR may be the only drawback. I would guess that it probably will go for a little less than $ 1 million. There is another home just down the streeet that has been on and off the market for a long time. I wonder why this one hasn’t sold yet despite the higher square footage and lower asking price…

http://www.sdlookup.com/MLS-100051901-14661_Old_Creek_Dr_San_Diego_CA_92131

Could it be that more distressed homes will surface in the near future ?

[SD Realtor]

Yes I agree… not bad. It will be interesting to see what it goes for.

[SD Realtor]

Yes I agree… not bad. It will be interesting to see what it goes for.

[SD Realtor]

Yes I agree… not bad. It will be interesting to see what it goes for.

[SD Realtor]

Yes I agree… not bad. It will be interesting to see what it goes for.

[recordsclerk]

Very nice house. The price is about right.

[recordsclerk]

Very nice house. The price is about right.

[recordsclerk]

Very nice house. The price is about right.

[recordsclerk]

Very nice house. The price is about right.

[sunny88]

This home just cam on the market. It’s a “Sanctuary” Plan 1 and a short sale. I think this is a pretty good deal at the current asking price. What do others think?

http://www.sdlookup.com/MLS-110000974-14715_Old_Creek_Rd_San_Diego_CA_92131

[sunny88]

This home just cam on the market. It’s a “Sanctuary” Plan 1 and a short sale. I think this is a pretty good deal at the current asking price. What do others think?

http://www.sdlookup.com/MLS-110000974-14715_Old_Creek_Rd_San_Diego_CA_92131

[sunny88]

This home just cam on the market. It’s a “Sanctuary” Plan 1 and a short sale. I think this is a pretty good deal at the current asking price. What do others think?

http://www.sdlookup.com/MLS-110000974-14715_Old_Creek_Rd_San_Diego_CA_92131

[sunny88]

This home just cam on the market. It’s a “Sanctuary” Plan 1 and a short sale. I think this is a pretty good deal at the current asking price. What do others think?

http://www.sdlookup.com/MLS-110000974-14715_Old_Creek_Rd_San_Diego_CA_92131

[kcal09]

This bigger one went in and out of escrow a couple times. It’s condition is not as good as the first one and it’s a 2 story home which may be less attractive to some buyers. As far as distressed properties in Stonebridge, I think there will be more to come, especially in the higher end neighborhoods with purchase dates around 2005/06 when buyers were paying crazy amounts to get in these homes.

[SD Realtor]

Absolutely more distress to come in Stonebridge.

[SD Realtor]

Absolutely more distress to come in Stonebridge.

[SD Realtor]

Absolutely more distress to come in Stonebridge.

[SD Realtor]

Absolutely more distress to come in Stonebridge.

[SD Realtor]

Absolutely more distress to come in Stonebridge.

[kcal09]

This bigger one went in and out of escrow a couple times. It’s condition is not as good as the first one and it’s a 2 story home which may be less attractive to some buyers. As far as distressed properties in Stonebridge, I think there will be more to come, especially in the higher end neighborhoods with purchase dates around 2005/06 when buyers were paying crazy amounts to get in these homes.

[kcal09]

This bigger one went in and out of escrow a couple times. It’s condition is not as good as the first one and it’s a 2 story home which may be less attractive to some buyers. As far as distressed properties in Stonebridge, I think there will be more to come, especially in the higher end neighborhoods with purchase dates around 2005/06 when buyers were paying crazy amounts to get in these homes.

[kcal09]

This bigger one went in and out of escrow a couple times. It’s condition is not as good as the first one and it’s a 2 story home which may be less attractive to some buyers. As far as distressed properties in Stonebridge, I think there will be more to come, especially in the higher end neighborhoods with purchase dates around 2005/06 when buyers were paying crazy amounts to get in these homes.

[kcal09]

This bigger one went in and out of escrow a couple times. It’s condition is not as good as the first one and it’s a 2 story home which may be less attractive to some buyers. As far as distressed properties in Stonebridge, I think there will be more to come, especially in the higher end neighborhoods with purchase dates around 2005/06 when buyers were paying crazy amounts to get in these homes.

[rcesaitis]

My family and I are looking at moving to the area this coming summer. We have done extensive research on this community and also looked at houses in Poway too. We’ve looked at new construction vs resales and compared the advantages and disadvantages of both. Does anyone know what the payoff amount for the Mello Roos are for this community? We’re all ears if you have any other ideas/suggestions too.

Thanks in advance.

[DataAgent]

Call the county treasurer @ 877-829-4732 and ask for a payoff amount.

[rcesaitis]

Thanks

[rcesaitis]

Thanks

[rcesaitis]

Thanks

[rcesaitis]

Thanks

[rcesaitis]

Thanks

[rcesaitis]

That number was for a medicare plan? Any others to try?

[SD Realtor]

Just google san diego county tax assessor or go to sdtreastax.com.

Most of the stonebridge homes have quite a ways to go until the bonds mature. I would be surprised if anything matures before 2020 and 2025 to 2030 would be my best guess.

[SD Realtor]

Just google san diego county tax assessor or go to sdtreastax.com.

Most of the stonebridge homes have quite a ways to go until the bonds mature. I would be surprised if anything matures before 2020 and 2025 to 2030 would be my best guess.

[SD Realtor]

Just google san diego county tax assessor or go to sdtreastax.com.

Most of the stonebridge homes have quite a ways to go until the bonds mature. I would be surprised if anything matures before 2020 and 2025 to 2030 would be my best guess.

[SD Realtor]

Just google san diego county tax assessor or go to sdtreastax.com.

Most of the stonebridge homes have quite a ways to go until the bonds mature. I would be surprised if anything matures before 2020 and 2025 to 2030 would be my best guess.

[SD Realtor]

Just google san diego county tax assessor or go to sdtreastax.com.

Most of the stonebridge homes have quite a ways to go until the bonds mature. I would be surprised if anything matures before 2020 and 2025 to 2030 would be my best guess.

[rcesaitis]

That number was for a medicare plan? Any others to try?

[rcesaitis]

That number was for a medicare plan? Any others to try?

[rcesaitis]

That number was for a medicare plan? Any others to try?

[rcesaitis]

That number was for a medicare plan? Any others to try?

[DataAgent]

Call the county treasurer @ 877-829-4732 and ask for a payoff amount.

[DataAgent]

Call the county treasurer @ 877-829-4732 and ask for a payoff amount.

[DataAgent]

Call the county treasurer @ 877-829-4732 and ask for a payoff amount.

[DataAgent]

Call the county treasurer @ 877-829-4732 and ask for a payoff amount.

[rcesaitis]

My family and I are looking at moving to the area this coming summer. We have done extensive research on this community and also looked at houses in Poway too. We’ve looked at new construction vs resales and compared the advantages and disadvantages of both. Does anyone know what the payoff amount for the Mello Roos are for this community? We’re all ears if you have any other ideas/suggestions too.

Thanks in advance.

[rcesaitis]

My family and I are looking at moving to the area this coming summer. We have done extensive research on this community and also looked at houses in Poway too. We’ve looked at new construction vs resales and compared the advantages and disadvantages of both. Does anyone know what the payoff amount for the Mello Roos are for this community? We’re all ears if you have any other ideas/suggestions too.

Thanks in advance.

[rcesaitis]

My family and I are looking at moving to the area this coming summer. We have done extensive research on this community and also looked at houses in Poway too. We’ve looked at new construction vs resales and compared the advantages and disadvantages of both. Does anyone know what the payoff amount for the Mello Roos are for this community? We’re all ears if you have any other ideas/suggestions too.

Thanks in advance.

[rcesaitis]

My family and I are looking at moving to the area this coming summer. We have done extensive research on this community and also looked at houses in Poway too. We’ve looked at new construction vs resales and compared the advantages and disadvantages of both. Does anyone know what the payoff amount for the Mello Roos are for this community? We’re all ears if you have any other ideas/suggestions too.

Thanks in advance.

[kcal09]

There are nice homes in Poway without Mello Roos. The schools are good and you can get a decent home for around $800k – 1 million. Stonebridge has newer homes but MR is in the $5-7k range and there are a lot of distressed properties.

[sunny88]

I prefer Poway too-more established neighborhoods, far fewer distressed properties compared to Stonebridge and no MR. Also, school district is one of the best in SD county.

[sunny88]

I prefer Poway too-more established neighborhoods, far fewer distressed properties compared to Stonebridge and no MR. Also, school district is one of the best in SD county.

[sunny88]

I prefer Poway too-more established neighborhoods, far fewer distressed properties compared to Stonebridge and no MR. Also, school district is one of the best in SD county.

[sunny88]

I prefer Poway too-more established neighborhoods, far fewer distressed properties compared to Stonebridge and no MR. Also, school district is one of the best in SD county.

[sunny88]

I prefer Poway too-more established neighborhoods, far fewer distressed properties compared to Stonebridge and no MR. Also, school district is one of the best in SD county.

[kcal09]

There are nice homes in Poway without Mello Roos. The schools are good and you can get a decent home for around $800k – 1 million. Stonebridge has newer homes but MR is in the $5-7k range and there are a lot of distressed properties.

[kcal09]

There are nice homes in Poway without Mello Roos. The schools are good and you can get a decent home for around $800k – 1 million. Stonebridge has newer homes but MR is in the $5-7k range and there are a lot of distressed properties.

[kcal09]

There are nice homes in Poway without Mello Roos. The schools are good and you can get a decent home for around $800k – 1 million. Stonebridge has newer homes but MR is in the $5-7k range and there are a lot of distressed properties.

[kcal09]

There are nice homes in Poway without Mello Roos. The schools are good and you can get a decent home for around $800k – 1 million. Stonebridge has newer homes but MR is in the $5-7k range and there are a lot of distressed properties.

[recordsclerk]

Seems like a lot of new listings hitting the market in the last couple of weeks:

http://www.sdlookup.com/MLS-110031042-15624_Cobble_Creek_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110033750-11465_Carowind_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110028568-13340_Shadetree_Ct_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110032131-12844_Starwood_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110033330-13169_Bella_Rosa_Rd_San_Diego_CA_92131

[briansd1]

Speaking of wherewithal, it’s hard for me to understand people buying million dollar houses, then spending the money to put in pool and improvements, without the wherewithal to hang on.

It confirms my theory that buyers max-out on what they can afford, then when they can’t refinance and kick the can down the road, they default.

[ocrenter]

[quote=briansd1]Speaking of wherewithal, it’s hard for me to understand people buying million dollar houses, then spending the money to put in pool and improvements, without the wherewithal to hang on.

It confirms my theory that buyers max-out on what they can afford, then when they can’t refinance and kick the can down the road, they default.[/quote]

that sums up the bubble.

now head out and take full advantage of the situation! =)

[briansd1]

[quote=ocrenter]

that sums up the bubble.
[/quote]

I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.

Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.

[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]

I’m trying. 😉

[ocrenter]

[quote=briansd1][quote=ocrenter]

that sums up the bubble.
[/quote]

I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.

Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.

[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]

I’m trying. ;)[/quote]

In the case of Cobble Creek, the house was purchased for nearly $1.2 mil. $200k in improvements on these homes inside and out is doable, but only if the homeowner is quite savvy. If someone bought at the peak, most likely they went on to put another $300-400k inside and out. So basically possibly getting $600k in discount if you are the successful short sale buyer.

[ocrenter]

[quote=briansd1][quote=ocrenter]

that sums up the bubble.
[/quote]

I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.

Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.

[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]

I’m trying. ;)[/quote]

In the case of Cobble Creek, the house was purchased for nearly $1.2 mil. $200k in improvements on these homes inside and out is doable, but only if the homeowner is quite savvy. If someone bought at the peak, most likely they went on to put another $300-400k inside and out. So basically possibly getting $600k in discount if you are the successful short sale buyer.

[ocrenter]

[quote=briansd1][quote=ocrenter]

that sums up the bubble.
[/quote]

I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.

Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.

[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]

I’m trying. ;)[/quote]

In the case of Cobble Creek, the house was purchased for nearly $1.2 mil. $200k in improvements on these homes inside and out is doable, but only if the homeowner is quite savvy. If someone bought at the peak, most likely they went on to put another $300-400k inside and out. So basically possibly getting $600k in discount if you are the successful short sale buyer.

[ocrenter]

[quote=briansd1][quote=ocrenter]

that sums up the bubble.
[/quote]

I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.

Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.

[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]

I’m trying. ;)[/quote]

In the case of Cobble Creek, the house was purchased for nearly $1.2 mil. $200k in improvements on these homes inside and out is doable, but only if the homeowner is quite savvy. If someone bought at the peak, most likely they went on to put another $300-400k inside and out. So basically possibly getting $600k in discount if you are the successful short sale buyer.

[ocrenter]

[quote=briansd1][quote=ocrenter]

that sums up the bubble.
[/quote]

I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.

Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.

[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]

I’m trying. ;)[/quote]

In the case of Cobble Creek, the house was purchased for nearly $1.2 mil. $200k in improvements on these homes inside and out is doable, but only if the homeowner is quite savvy. If someone bought at the peak, most likely they went on to put another $300-400k inside and out. So basically possibly getting $600k in discount if you are the successful short sale buyer.

[briansd1]

[quote=ocrenter]

that sums up the bubble.
[/quote]

I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.

Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.

[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]

I’m trying. 😉

[briansd1]

[quote=ocrenter]

that sums up the bubble.
[/quote]

I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.

Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.

[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]

I’m trying. 😉

[briansd1]

[quote=ocrenter]

that sums up the bubble.
[/quote]

I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.

Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.

[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]

I’m trying. 😉

[briansd1]

[quote=ocrenter]

that sums up the bubble.
[/quote]

I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.

Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.

[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]

I’m trying. 😉

[ocrenter]

[quote=briansd1]Speaking of wherewithal, it’s hard for me to understand people buying million dollar houses, then spending the money to put in pool and improvements, without the wherewithal to hang on.

It confirms my theory that buyers max-out on what they can afford, then when they can’t refinance and kick the can down the road, they default.[/quote]

that sums up the bubble.

now head out and take full advantage of the situation! =)

[ocrenter]

[quote=briansd1]Speaking of wherewithal, it’s hard for me to understand people buying million dollar houses, then spending the money to put in pool and improvements, without the wherewithal to hang on.

It confirms my theory that buyers max-out on what they can afford, then when they can’t refinance and kick the can down the road, they default.[/quote]

that sums up the bubble.

now head out and take full advantage of the situation! =)

[ocrenter]

[quote=briansd1]Speaking of wherewithal, it’s hard for me to understand people buying million dollar houses, then spending the money to put in pool and improvements, without the wherewithal to hang on.

It confirms my theory that buyers max-out on what they can afford, then when they can’t refinance and kick the can down the road, they default.[/quote]

that sums up the bubble.

now head out and take full advantage of the situation! =)

[ocrenter]

[quote=briansd1]Speaking of wherewithal, it’s hard for me to understand people buying million dollar houses, then spending the money to put in pool and improvements, without the wherewithal to hang on.

It confirms my theory that buyers max-out on what they can afford, then when they can’t refinance and kick the can down the road, they default.[/quote]

that sums up the bubble.

now head out and take full advantage of the situation! =)

[briansd1]

Speaking of wherewithal, it’s hard for me to understand people buying million dollar houses, then spending the money to put in pool and improvements, without the wherewithal to hang on.

It confirms my theory that buyers max-out on what they can afford, then when they can’t refinance and kick the can down the road, they default.

[briansd1]

Speaking of wherewithal, it’s hard for me to understand people buying million dollar houses, then spending the money to put in pool and improvements, without the wherewithal to hang on.

It confirms my theory that buyers max-out on what they can afford, then when they can’t refinance and kick the can down the road, they default.

[briansd1]

Speaking of wherewithal, it’s hard for me to understand people buying million dollar houses, then spending the money to put in pool and improvements, without the wherewithal to hang on.

It confirms my theory that buyers max-out on what they can afford, then when they can’t refinance and kick the can down the road, they default.

[briansd1]

Speaking of wherewithal, it’s hard for me to understand people buying million dollar houses, then spending the money to put in pool and improvements, without the wherewithal to hang on.

It confirms my theory that buyers max-out on what they can afford, then when they can’t refinance and kick the can down the road, they default.

[recordsclerk]

Seems like a lot of new listings hitting the market in the last couple of weeks:

http://www.sdlookup.com/MLS-110031042-15624_Cobble_Creek_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110033750-11465_Carowind_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110028568-13340_Shadetree_Ct_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110032131-12844_Starwood_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110033330-13169_Bella_Rosa_Rd_San_Diego_CA_92131

[recordsclerk]

Seems like a lot of new listings hitting the market in the last couple of weeks:

http://www.sdlookup.com/MLS-110031042-15624_Cobble_Creek_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110033750-11465_Carowind_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110028568-13340_Shadetree_Ct_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110032131-12844_Starwood_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110033330-13169_Bella_Rosa_Rd_San_Diego_CA_92131

[recordsclerk]

Seems like a lot of new listings hitting the market in the last couple of weeks:

http://www.sdlookup.com/MLS-110031042-15624_Cobble_Creek_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110033750-11465_Carowind_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110028568-13340_Shadetree_Ct_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110032131-12844_Starwood_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110033330-13169_Bella_Rosa_Rd_San_Diego_CA_92131

[recordsclerk]

Seems like a lot of new listings hitting the market in the last couple of weeks:

http://www.sdlookup.com/MLS-110031042-15624_Cobble_Creek_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110033750-11465_Carowind_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110028568-13340_Shadetree_Ct_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110032131-12844_Starwood_Ln_San_Diego_CA_92131

http://www.sdlookup.com/MLS-110033330-13169_Bella_Rosa_Rd_San_Diego_CA_92131

[kcal09]

The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.

[ocrenter]

[quote=kcal09]The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.[/quote]

Depends on what you are refering to. The new home asking prices at the sales offices? Or the short sale asking price. You can’t get much better than the short sale prices, in fact those are actually a little unrealistic at this point. Definitely would not recommend any of the new home offerings at this point.

[kcal09]

I would even say that the short sale prices will be lower as the overall market will deteriorate at a rapid pace from here. I wouldn’t be surprised if we see prices down another 10% in 2013. Stonebridge has not much to offer in terms of views or location and the MR are ridiculous. Those homes listed on the previous page should be really in the $700k range.

[ocrenter]

[quote=kcal09]I would even say that the short sale prices will be lower as the overall market will deteriorate at a rapid pace from here. I wouldn’t be surprised if we see prices down another 10% in 2013. Stonebridge has not much to offer in terms of views or location and the MR are ridiculous. Those homes listed on the previous page should be really in the $700k range.[/quote]

which ones are you referring to re: $700k range? the smaller 3000ish homes on avg 8000 sqft lots or the 4-5000 sqft homes on avg 1/3-1/2 acre lots?

the smaller 3000ish homes are already in the 700k range.

[kcal09]

…the Serenity homes.

[ocrenter]

[quote=kcal09]…the Serenity homes.[/quote]

new or resale?

[recordsclerk]

There is a remote chance that Serenity can drop to the high 700s. It will take more re-sale inventory like in the last 45 days. I just hope the listings keep coming. It also depends on what Toll Brother’s sells their homes for. They are having a VIP event on July 9 and will show the models for the first time. VIPs will have first pick at the lots released during this phase. I would assume the prices will be out that weekend also. I don’t see them undercutting Serenity in price, but the quality might be better for the same price.

[recordsclerk]

Another listing:

http://www.sdlookup.com/MLS-110034294-13382_Greenstone_Ct_San_Diego_CA_92131

This one is 2 doors down from the forclosure that listed for 814K (pending).

[kcal09]

[quote=recordsclerk]Another listing:

http://www.sdlookup.com/MLS-110034294-13382_Greenstone_Ct_San_Diego_CA_92131

This one is 2 doors down from the foreclosure that listed for 814K (pending).[/quote]

Wow, this one is clearly overpriced as the location is pretty poor with the Stonebridge Pkwy in the front and power lines in the back.

[kcal09]

[quote=recordsclerk]Another listing:

http://www.sdlookup.com/MLS-110034294-13382_Greenstone_Ct_San_Diego_CA_92131

This one is 2 doors down from the foreclosure that listed for 814K (pending).[/quote]

Wow, this one is clearly overpriced as the location is pretty poor with the Stonebridge Pkwy in the front and power lines in the back.

[kcal09]

[quote=recordsclerk]Another listing:

http://www.sdlookup.com/MLS-110034294-13382_Greenstone_Ct_San_Diego_CA_92131

This one is 2 doors down from the foreclosure that listed for 814K (pending).[/quote]

Wow, this one is clearly overpriced as the location is pretty poor with the Stonebridge Pkwy in the front and power lines in the back.

[kcal09]

[quote=recordsclerk]Another listing:

http://www.sdlookup.com/MLS-110034294-13382_Greenstone_Ct_San_Diego_CA_92131

This one is 2 doors down from the foreclosure that listed for 814K (pending).[/quote]

Wow, this one is clearly overpriced as the location is pretty poor with the Stonebridge Pkwy in the front and power lines in the back.

[kcal09]

[quote=recordsclerk]Another listing:

http://www.sdlookup.com/MLS-110034294-13382_Greenstone_Ct_San_Diego_CA_92131

This one is 2 doors down from the foreclosure that listed for 814K (pending).[/quote]

Wow, this one is clearly overpriced as the location is pretty poor with the Stonebridge Pkwy in the front and power lines in the back.

[recordsclerk]

Another listing:

http://www.sdlookup.com/MLS-110034294-13382_Greenstone_Ct_San_Diego_CA_92131

This one is 2 doors down from the forclosure that listed for 814K (pending).

[recordsclerk]

Another listing:

http://www.sdlookup.com/MLS-110034294-13382_Greenstone_Ct_San_Diego_CA_92131

This one is 2 doors down from the forclosure that listed for 814K (pending).

[recordsclerk]

Another listing:

http://www.sdlookup.com/MLS-110034294-13382_Greenstone_Ct_San_Diego_CA_92131

This one is 2 doors down from the forclosure that listed for 814K (pending).

[recordsclerk]

Another listing:

http://www.sdlookup.com/MLS-110034294-13382_Greenstone_Ct_San_Diego_CA_92131

This one is 2 doors down from the forclosure that listed for 814K (pending).

[ocrenter]

[quote=recordsclerk]There is a remote chance that Serenity can drop to the high 700s. It will take more re-sale inventory like in the last 45 days. I just hope the listings keep coming. It also depends on what Toll Brother’s sells their homes for. They are having a VIP event on July 9 and will show the models for the first time. VIPs will have first pick at the lots released during this phase. I would assume the prices will be out that weekend also. I don’t see them undercutting Serenity in price, but the quality might be better for the same price.[/quote]

I always thought cheaper replacement developments such as serenity and montoro would go down into the 700k range, but they have really defied expectation. especially when these homes are absolutely so poorly constructed. but if you look in zillow, localguy is absolutely correct, these homes are finding buyers. a bunch of powerline view serenity homes actually went for $1 million earlier this year. (at the same time that some purchased much better Tiburon close outs for $1 million)

on the other hand, the replacement viscaya homes by city venture (the ones with minimal lots and slopes in back) did go into the mid-700k range. same thing with those davidson homes in late 08/early 09, 2-3 of them that had the same lot deficiencies also went for the mid-700k range.

this is why I wanted more specifics with kcal09. because some of what he “predicted” already happened, just not yet with serenity.

now if he is predicting fully loaded original resales from davidson, shea, and tiburon in the 700k, that would really be some way out on a limb prediction.

[ocrenter]

[quote=recordsclerk]There is a remote chance that Serenity can drop to the high 700s. It will take more re-sale inventory like in the last 45 days. I just hope the listings keep coming. It also depends on what Toll Brother’s sells their homes for. They are having a VIP event on July 9 and will show the models for the first time. VIPs will have first pick at the lots released during this phase. I would assume the prices will be out that weekend also. I don’t see them undercutting Serenity in price, but the quality might be better for the same price.[/quote]

I always thought cheaper replacement developments such as serenity and montoro would go down into the 700k range, but they have really defied expectation. especially when these homes are absolutely so poorly constructed. but if you look in zillow, localguy is absolutely correct, these homes are finding buyers. a bunch of powerline view serenity homes actually went for $1 million earlier this year. (at the same time that some purchased much better Tiburon close outs for $1 million)

on the other hand, the replacement viscaya homes by city venture (the ones with minimal lots and slopes in back) did go into the mid-700k range. same thing with those davidson homes in late 08/early 09, 2-3 of them that had the same lot deficiencies also went for the mid-700k range.

this is why I wanted more specifics with kcal09. because some of what he “predicted” already happened, just not yet with serenity.

now if he is predicting fully loaded original resales from davidson, shea, and tiburon in the 700k, that would really be some way out on a limb prediction.

[ocrenter]

[quote=recordsclerk]There is a remote chance that Serenity can drop to the high 700s. It will take more re-sale inventory like in the last 45 days. I just hope the listings keep coming. It also depends on what Toll Brother’s sells their homes for. They are having a VIP event on July 9 and will show the models for the first time. VIPs will have first pick at the lots released during this phase. I would assume the prices will be out that weekend also. I don’t see them undercutting Serenity in price, but the quality might be better for the same price.[/quote]

I always thought cheaper replacement developments such as serenity and montoro would go down into the 700k range, but they have really defied expectation. especially when these homes are absolutely so poorly constructed. but if you look in zillow, localguy is absolutely correct, these homes are finding buyers. a bunch of powerline view serenity homes actually went for $1 million earlier this year. (at the same time that some purchased much better Tiburon close outs for $1 million)

on the other hand, the replacement viscaya homes by city venture (the ones with minimal lots and slopes in back) did go into the mid-700k range. same thing with those davidson homes in late 08/early 09, 2-3 of them that had the same lot deficiencies also went for the mid-700k range.

this is why I wanted more specifics with kcal09. because some of what he “predicted” already happened, just not yet with serenity.

now if he is predicting fully loaded original resales from davidson, shea, and tiburon in the 700k, that would really be some way out on a limb prediction.

[ocrenter]

[quote=recordsclerk]There is a remote chance that Serenity can drop to the high 700s. It will take more re-sale inventory like in the last 45 days. I just hope the listings keep coming. It also depends on what Toll Brother’s sells their homes for. They are having a VIP event on July 9 and will show the models for the first time. VIPs will have first pick at the lots released during this phase. I would assume the prices will be out that weekend also. I don’t see them undercutting Serenity in price, but the quality might be better for the same price.[/quote]

I always thought cheaper replacement developments such as serenity and montoro would go down into the 700k range, but they have really defied expectation. especially when these homes are absolutely so poorly constructed. but if you look in zillow, localguy is absolutely correct, these homes are finding buyers. a bunch of powerline view serenity homes actually went for $1 million earlier this year. (at the same time that some purchased much better Tiburon close outs for $1 million)

on the other hand, the replacement viscaya homes by city venture (the ones with minimal lots and slopes in back) did go into the mid-700k range. same thing with those davidson homes in late 08/early 09, 2-3 of them that had the same lot deficiencies also went for the mid-700k range.

this is why I wanted more specifics with kcal09. because some of what he “predicted” already happened, just not yet with serenity.

now if he is predicting fully loaded original resales from davidson, shea, and tiburon in the 700k, that would really be some way out on a limb prediction.

[ocrenter]

[quote=recordsclerk]There is a remote chance that Serenity can drop to the high 700s. It will take more re-sale inventory like in the last 45 days. I just hope the listings keep coming. It also depends on what Toll Brother’s sells their homes for. They are having a VIP event on July 9 and will show the models for the first time. VIPs will have first pick at the lots released during this phase. I would assume the prices will be out that weekend also. I don’t see them undercutting Serenity in price, but the quality might be better for the same price.[/quote]

I always thought cheaper replacement developments such as serenity and montoro would go down into the 700k range, but they have really defied expectation. especially when these homes are absolutely so poorly constructed. but if you look in zillow, localguy is absolutely correct, these homes are finding buyers. a bunch of powerline view serenity homes actually went for $1 million earlier this year. (at the same time that some purchased much better Tiburon close outs for $1 million)

on the other hand, the replacement viscaya homes by city venture (the ones with minimal lots and slopes in back) did go into the mid-700k range. same thing with those davidson homes in late 08/early 09, 2-3 of them that had the same lot deficiencies also went for the mid-700k range.

this is why I wanted more specifics with kcal09. because some of what he “predicted” already happened, just not yet with serenity.

now if he is predicting fully loaded original resales from davidson, shea, and tiburon in the 700k, that would really be some way out on a limb prediction.

[recordsclerk]

There is a remote chance that Serenity can drop to the high 700s. It will take more re-sale inventory like in the last 45 days. I just hope the listings keep coming. It also depends on what Toll Brother’s sells their homes for. They are having a VIP event on July 9 and will show the models for the first time. VIPs will have first pick at the lots released during this phase. I would assume the prices will be out that weekend also. I don’t see them undercutting Serenity in price, but the quality might be better for the same price.

[recordsclerk]

There is a remote chance that Serenity can drop to the high 700s. It will take more re-sale inventory like in the last 45 days. I just hope the listings keep coming. It also depends on what Toll Brother’s sells their homes for. They are having a VIP event on July 9 and will show the models for the first time. VIPs will have first pick at the lots released during this phase. I would assume the prices will be out that weekend also. I don’t see them undercutting Serenity in price, but the quality might be better for the same price.

[recordsclerk]

There is a remote chance that Serenity can drop to the high 700s. It will take more re-sale inventory like in the last 45 days. I just hope the listings keep coming. It also depends on what Toll Brother’s sells their homes for. They are having a VIP event on July 9 and will show the models for the first time. VIPs will have first pick at the lots released during this phase. I would assume the prices will be out that weekend also. I don’t see them undercutting Serenity in price, but the quality might be better for the same price.

[recordsclerk]

There is a remote chance that Serenity can drop to the high 700s. It will take more re-sale inventory like in the last 45 days. I just hope the listings keep coming. It also depends on what Toll Brother’s sells their homes for. They are having a VIP event on July 9 and will show the models for the first time. VIPs will have first pick at the lots released during this phase. I would assume the prices will be out that weekend also. I don’t see them undercutting Serenity in price, but the quality might be better for the same price.

[kcal09]

[quote=ocrenter][quote=kcal09]…the Serenity homes.[/quote]

new or resale?[/quote]

Resale of distressed homes.

[ocrenter]

[quote=kcal09][quote=ocrenter][quote=kcal09]…the Serenity homes.[/quote]

new or resale?[/quote]

Resale of distressed homes.[/quote]

first, serenity is a post-bubble development, so financing for most of them would be the traditional 20% down or higher variety. and chances are most ended up getting very low 30 year interest rate.

second, like localguy mentioned on prior post, there is a market out there, homes are going. so if a house got all of the interior and exterior upgrades, it is more likely than not that it will find a buyer prior to reaching into the 700k territory. even well into 2013.

but is it possible that you might see maybe a couple of individual cases dip into the 700k range? maybe. maybe on a home that the owner could not afford to put upgrades in. and there’s a job loss. and the home already had a lot deficiency (aka minimal flat yard with steep slope in the back).

but then again, that has already happened with a couple of Davidson new homes and CityVenture Viscaya new homes. so whoever wanted a mid 700k larger Stonebridge home should have already acted. there’s no need to wait until 2013.

[recordsclerk]

Add this to the 700K club by ColRich:

http://www.sdlookup.com/MLS-110012787-15054_Almond_Orchard_Lot_211_Ln_San_Diego_CA_92131

Large usable lot, but large steep slope.

Obviously we are not counting Astoria and Mills Creek. They are always in the 700s.

So far the demand for these homes has kept the prices stable since 2009. I thought we would see more distress at this point.

[ocrenter]

[quote=recordsclerk]Add this to the 700K club by ColRich:

http://www.sdlookup.com/MLS-110012787-15054_Almond_Orchard_Lot_211_Ln_San_Diego_CA_92131

Large usable lot, but large steep slope.

Obviously we are not counting Astoria and Mills Creek. They are always in the 700s.

So far the demand for these homes has kept the prices stable since 2009. I thought we would see more distress at this point.[/quote]

“sits on a large corner lot near fabulous community park”

to me this seems like a big negative.

[recordsclerk]

Nobody ever uses that park. I think the worse thing about that lot is the slope, it’s huge. You would need to spend a lot on water and maintenance.

Here is another unrealistic listing. I don’t see the lender approving this sale:

http://www.sdlookup.com/MLS-110034644-13105_Bella_Rosa_Rd_San_Diego_CA_92131

That is a lot of new listings for the past couple of months. If this continues, you will see pressure on pricing. Up until now the demand has been far greater than supply. IMHO I don’t see the stream of listings continuing. It will probably taper off and trickle out like usual.

[ocrenter]

[quote=recordsclerk]Nobody ever uses that park. I think the worse thing about that lot is the slope, it’s huge. You would need to spend a lot on water and maintenance.

Here is another unrealistic listing. I don’t see the lender approving this sale:

http://www.sdlookup.com/MLS-110034644-13105_Bella_Rosa_Rd_San_Diego_CA_92131

That is a lot of new listings for the past couple of months. If this continues, you will see pressure on pricing. Up until now the demand has been far greater than supply. IMHO I don’t see the stream of listings continuing. It will probably taper off and trickle out like usual.[/quote]

are you sure nobody uses that park? If you have kids in the surrounding area you would know that park is heavily utilized by soccer leagues and little leagues all around. there’s very limited parking within the park, meaning large spillage on to the neighboring streets, and this house is affected more than any other.

regarding the Bella Rosa house, there’s a foreclosure asking for $750k. agree, sounds like delaying tactic.

[localguy]

The Stonebridge park is either fully packed or not a sole there. When it is packed on the weekends, cars are parking on Almond Orchard in front of the house previously mentioned. Little League, soccer, cricket, etc. it can get pretty hectic. It is like this maybe 25% of the time on weekends. The other 75% is wide open. We have been there numerous times and no one else is there, no kidding. Back to the Almond Orchard house, good price, decent sized lot, huge hill, no view, park issue. In Scripps Preserve a house just sold for $936,000, small lot, no view, some upgrades. There are two more for sale, same exact plan, for over 1 million each. Of these two, one has small lot, no view, to many upgrades. While the other has decent sized lot, pool, no view, some upgrades. I was suprised that the $936,000 house sold for that much. I will say it again, you need to pick wisely out here.

[familyguy]

[quote=localguy]The Stonebridge park is either fully packed or not a sole there. When it is packed on the weekends, cars are parking on Almond Orchard in front of the house previously mentioned. Little League, soccer, cricket, etc. it can get pretty hectic. It is like this maybe 25% of the time on weekends. The other 75% is wide open. We have been there numerous times and no one else is there, no kidding…[/quote]

I would disagree very slightly with localguy. I pass by this park all the time and would say the times where where the parking is overflown into the street is cloer to about 5% of the time. Like localguy, I have also been there on beautiful days with my family and we were the only ones there. I would agree though, that for houses on the corner of Sycamore Trail and AOL (directly across from the park), the parking would be a disadvantage.

[familyguy]

[quote=localguy]The Stonebridge park is either fully packed or not a sole there. When it is packed on the weekends, cars are parking on Almond Orchard in front of the house previously mentioned. Little League, soccer, cricket, etc. it can get pretty hectic. It is like this maybe 25% of the time on weekends. The other 75% is wide open. We have been there numerous times and no one else is there, no kidding…[/quote]

I would disagree very slightly with localguy. I pass by this park all the time and would say the times where where the parking is overflown into the street is cloer to about 5% of the time. Like localguy, I have also been there on beautiful days with my family and we were the only ones there. I would agree though, that for houses on the corner of Sycamore Trail and AOL (directly across from the park), the parking would be a disadvantage.

[familyguy]

[quote=localguy]The Stonebridge park is either fully packed or not a sole there. When it is packed on the weekends, cars are parking on Almond Orchard in front of the house previously mentioned. Little League, soccer, cricket, etc. it can get pretty hectic. It is like this maybe 25% of the time on weekends. The other 75% is wide open. We have been there numerous times and no one else is there, no kidding…[/quote]

I would disagree very slightly with localguy. I pass by this park all the time and would say the times where where the parking is overflown into the street is cloer to about 5% of the time. Like localguy, I have also been there on beautiful days with my family and we were the only ones there. I would agree though, that for houses on the corner of Sycamore Trail and AOL (directly across from the park), the parking would be a disadvantage.

[familyguy]

[quote=localguy]The Stonebridge park is either fully packed or not a sole there. When it is packed on the weekends, cars are parking on Almond Orchard in front of the house previously mentioned. Little League, soccer, cricket, etc. it can get pretty hectic. It is like this maybe 25% of the time on weekends. The other 75% is wide open. We have been there numerous times and no one else is there, no kidding…[/quote]

I would disagree very slightly with localguy. I pass by this park all the time and would say the times where where the parking is overflown into the street is cloer to about 5% of the time. Like localguy, I have also been there on beautiful days with my family and we were the only ones there. I would agree though, that for houses on the corner of Sycamore Trail and AOL (directly across from the park), the parking would be a disadvantage.

[familyguy]

[quote=localguy]The Stonebridge park is either fully packed or not a sole there. When it is packed on the weekends, cars are parking on Almond Orchard in front of the house previously mentioned. Little League, soccer, cricket, etc. it can get pretty hectic. It is like this maybe 25% of the time on weekends. The other 75% is wide open. We have been there numerous times and no one else is there, no kidding…[/quote]

I would disagree very slightly with localguy. I pass by this park all the time and would say the times where where the parking is overflown into the street is cloer to about 5% of the time. Like localguy, I have also been there on beautiful days with my family and we were the only ones there. I would agree though, that for houses on the corner of Sycamore Trail and AOL (directly across from the park), the parking would be a disadvantage.

[ocrenter]

[quote=localguy] I will say it again, you need to pick wisely out here.[/quote]

this is so true. I continue to be absolutely floored watching zillow and seeing folks paying $900k to $1 mil for the cheap monstrosities known as Montoro, or the very pedestrian Serenity. yet at the same time 3-4 other folks were able to walk into the Tiburon sales office and score true luxury class homes for the same $1 mil.

[plm]

I think the problem was Cornerstone priced their Tiburon homes too high relative to the competition and they wouldn’t negotiate at all. Only when the homes were near completion did they drop the prices 80k which is when we bought. But it was really the better views from being up high that sold us.

[plm]

I think the problem was Cornerstone priced their Tiburon homes too high relative to the competition and they wouldn’t negotiate at all. Only when the homes were near completion did they drop the prices 80k which is when we bought. But it was really the better views from being up high that sold us.

[plm]

I think the problem was Cornerstone priced their Tiburon homes too high relative to the competition and they wouldn’t negotiate at all. Only when the homes were near completion did they drop the prices 80k which is when we bought. But it was really the better views from being up high that sold us.

[plm]

I think the problem was Cornerstone priced their Tiburon homes too high relative to the competition and they wouldn’t negotiate at all. Only when the homes were near completion did they drop the prices 80k which is when we bought. But it was really the better views from being up high that sold us.

[plm]

I think the problem was Cornerstone priced their Tiburon homes too high relative to the competition and they wouldn’t negotiate at all. Only when the homes were near completion did they drop the prices 80k which is when we bought. But it was really the better views from being up high that sold us.

[ocrenter]

[quote=localguy] I will say it again, you need to pick wisely out here.[/quote]

this is so true. I continue to be absolutely floored watching zillow and seeing folks paying $900k to $1 mil for the cheap monstrosities known as Montoro, or the very pedestrian Serenity. yet at the same time 3-4 other folks were able to walk into the Tiburon sales office and score true luxury class homes for the same $1 mil.

[ocrenter]

[quote=localguy] I will say it again, you need to pick wisely out here.[/quote]

this is so true. I continue to be absolutely floored watching zillow and seeing folks paying $900k to $1 mil for the cheap monstrosities known as Montoro, or the very pedestrian Serenity. yet at the same time 3-4 other folks were able to walk into the Tiburon sales office and score true luxury class homes for the same $1 mil.

[ocrenter]

[quote=localguy] I will say it again, you need to pick wisely out here.[/quote]

this is so true. I continue to be absolutely floored watching zillow and seeing folks paying $900k to $1 mil for the cheap monstrosities known as Montoro, or the very pedestrian Serenity. yet at the same time 3-4 other folks were able to walk into the Tiburon sales office and score true luxury class homes for the same $1 mil.

[ocrenter]

[quote=localguy] I will say it again, you need to pick wisely out here.[/quote]

this is so true. I continue to be absolutely floored watching zillow and seeing folks paying $900k to $1 mil for the cheap monstrosities known as Montoro, or the very pedestrian Serenity. yet at the same time 3-4 other folks were able to walk into the Tiburon sales office and score true luxury class homes for the same $1 mil.

[localguy]

The Stonebridge park is either fully packed or not a sole there. When it is packed on the weekends, cars are parking on Almond Orchard in front of the house previously mentioned. Little League, soccer, cricket, etc. it can get pretty hectic. It is like this maybe 25% of the time on weekends. The other 75% is wide open. We have been there numerous times and no one else is there, no kidding. Back to the Almond Orchard house, good price, decent sized lot, huge hill, no view, park issue. In Scripps Preserve a house just sold for $936,000, small lot, no view, some upgrades. There are two more for sale, same exact plan, for over 1 million each. Of these two, one has small lot, no view, to many upgrades. While the other has decent sized lot, pool, no view, some upgrades. I was suprised that the $936,000 house sold for that much. I will say it again, you need to pick wisely out here.

[localguy]

The Stonebridge park is either fully packed or not a sole there. When it is packed on the weekends, cars are parking on Almond Orchard in front of the house previously mentioned. Little League, soccer, cricket, etc. it can get pretty hectic. It is like this maybe 25% of the time on weekends. The other 75% is wide open. We have been there numerous times and no one else is there, no kidding. Back to the Almond Orchard house, good price, decent sized lot, huge hill, no view, park issue. In Scripps Preserve a house just sold for $936,000, small lot, no view, some upgrades. There are two more for sale, same exact plan, for over 1 million each. Of these two, one has small lot, no view, to many upgrades. While the other has decent sized lot, pool, no view, some upgrades. I was suprised that the $936,000 house sold for that much. I will say it again, you need to pick wisely out here.

[localguy]

The Stonebridge park is either fully packed or not a sole there. When it is packed on the weekends, cars are parking on Almond Orchard in front of the house previously mentioned. Little League, soccer, cricket, etc. it can get pretty hectic. It is like this maybe 25% of the time on weekends. The other 75% is wide open. We have been there numerous times and no one else is there, no kidding. Back to the Almond Orchard house, good price, decent sized lot, huge hill, no view, park issue. In Scripps Preserve a house just sold for $936,000, small lot, no view, some upgrades. There are two more for sale, same exact plan, for over 1 million each. Of these two, one has small lot, no view, to many upgrades. While the other has decent sized lot, pool, no view, some upgrades. I was suprised that the $936,000 house sold for that much. I will say it again, you need to pick wisely out here.

[localguy]

The Stonebridge park is either fully packed or not a sole there. When it is packed on the weekends, cars are parking on Almond Orchard in front of the house previously mentioned. Little League, soccer, cricket, etc. it can get pretty hectic. It is like this maybe 25% of the time on weekends. The other 75% is wide open. We have been there numerous times and no one else is there, no kidding. Back to the Almond Orchard house, good price, decent sized lot, huge hill, no view, park issue. In Scripps Preserve a house just sold for $936,000, small lot, no view, some upgrades. There are two more for sale, same exact plan, for over 1 million each. Of these two, one has small lot, no view, to many upgrades. While the other has decent sized lot, pool, no view, some upgrades. I was suprised that the $936,000 house sold for that much. I will say it again, you need to pick wisely out here.

[ocrenter]

[quote=recordsclerk]Nobody ever uses that park. I think the worse thing about that lot is the slope, it’s huge. You would need to spend a lot on water and maintenance.

Here is another unrealistic listing. I don’t see the lender approving this sale:

http://www.sdlookup.com/MLS-110034644-13105_Bella_Rosa_Rd_San_Diego_CA_92131

That is a lot of new listings for the past couple of months. If this continues, you will see pressure on pricing. Up until now the demand has been far greater than supply. IMHO I don’t see the stream of listings continuing. It will probably taper off and trickle out like usual.[/quote]

are you sure nobody uses that park? If you have kids in the surrounding area you would know that park is heavily utilized by soccer leagues and little leagues all around. there’s very limited parking within the park, meaning large spillage on to the neighboring streets, and this house is affected more than any other.

regarding the Bella Rosa house, there’s a foreclosure asking for $750k. agree, sounds like delaying tactic.

[ocrenter]

[quote=recordsclerk]Nobody ever uses that park. I think the worse thing about that lot is the slope, it’s huge. You would need to spend a lot on water and maintenance.

Here is another unrealistic listing. I don’t see the lender approving this sale:

http://www.sdlookup.com/MLS-110034644-13105_Bella_Rosa_Rd_San_Diego_CA_92131

That is a lot of new listings for the past couple of months. If this continues, you will see pressure on pricing. Up until now the demand has been far greater than supply. IMHO I don’t see the stream of listings continuing. It will probably taper off and trickle out like usual.[/quote]

are you sure nobody uses that park? If you have kids in the surrounding area you would know that park is heavily utilized by soccer leagues and little leagues all around. there’s very limited parking within the park, meaning large spillage on to the neighboring streets, and this house is affected more than any other.

regarding the Bella Rosa house, there’s a foreclosure asking for $750k. agree, sounds like delaying tactic.

[ocrenter]

[quote=recordsclerk]Nobody ever uses that park. I think the worse thing about that lot is the slope, it’s huge. You would need to spend a lot on water and maintenance.

Here is another unrealistic listing. I don’t see the lender approving this sale:

http://www.sdlookup.com/MLS-110034644-13105_Bella_Rosa_Rd_San_Diego_CA_92131

That is a lot of new listings for the past couple of months. If this continues, you will see pressure on pricing. Up until now the demand has been far greater than supply. IMHO I don’t see the stream of listings continuing. It will probably taper off and trickle out like usual.[/quote]

are you sure nobody uses that park? If you have kids in the surrounding area you would know that park is heavily utilized by soccer leagues and little leagues all around. there’s very limited parking within the park, meaning large spillage on to the neighboring streets, and this house is affected more than any other.

regarding the Bella Rosa house, there’s a foreclosure asking for $750k. agree, sounds like delaying tactic.

[ocrenter]

[quote=recordsclerk]Nobody ever uses that park. I think the worse thing about that lot is the slope, it’s huge. You would need to spend a lot on water and maintenance.

Here is another unrealistic listing. I don’t see the lender approving this sale:

http://www.sdlookup.com/MLS-110034644-13105_Bella_Rosa_Rd_San_Diego_CA_92131

That is a lot of new listings for the past couple of months. If this continues, you will see pressure on pricing. Up until now the demand has been far greater than supply. IMHO I don’t see the stream of listings continuing. It will probably taper off and trickle out like usual.[/quote]

are you sure nobody uses that park? If you have kids in the surrounding area you would know that park is heavily utilized by soccer leagues and little leagues all around. there’s very limited parking within the park, meaning large spillage on to the neighboring streets, and this house is affected more than any other.

regarding the Bella Rosa house, there’s a foreclosure asking for $750k. agree, sounds like delaying tactic.

[recordsclerk]

Nobody ever uses that park. I think the worse thing about that lot is the slope, it’s huge. You would need to spend a lot on water and maintenance.

Here is another unrealistic listing. I don’t see the lender approving this sale:

http://www.sdlookup.com/MLS-110034644-13105_Bella_Rosa_Rd_San_Diego_CA_92131

That is a lot of new listings for the past couple of months. If this continues, you will see pressure on pricing. Up until now the demand has been far greater than supply. IMHO I don’t see the stream of listings continuing. It will probably taper off and trickle out like usual.

[recordsclerk]

Nobody ever uses that park. I think the worse thing about that lot is the slope, it’s huge. You would need to spend a lot on water and maintenance.

Here is another unrealistic listing. I don’t see the lender approving this sale:

http://www.sdlookup.com/MLS-110034644-13105_Bella_Rosa_Rd_San_Diego_CA_92131

That is a lot of new listings for the past couple of months. If this continues, you will see pressure on pricing. Up until now the demand has been far greater than supply. IMHO I don’t see the stream of listings continuing. It will probably taper off and trickle out like usual.

[recordsclerk]

Nobody ever uses that park. I think the worse thing about that lot is the slope, it’s huge. You would need to spend a lot on water and maintenance.

Here is another unrealistic listing. I don’t see the lender approving this sale:

http://www.sdlookup.com/MLS-110034644-13105_Bella_Rosa_Rd_San_Diego_CA_92131

That is a lot of new listings for the past couple of months. If this continues, you will see pressure on pricing. Up until now the demand has been far greater than supply. IMHO I don’t see the stream of listings continuing. It will probably taper off and trickle out like usual.

[recordsclerk]

Nobody ever uses that park. I think the worse thing about that lot is the slope, it’s huge. You would need to spend a lot on water and maintenance.

Here is another unrealistic listing. I don’t see the lender approving this sale:

http://www.sdlookup.com/MLS-110034644-13105_Bella_Rosa_Rd_San_Diego_CA_92131

That is a lot of new listings for the past couple of months. If this continues, you will see pressure on pricing. Up until now the demand has been far greater than supply. IMHO I don’t see the stream of listings continuing. It will probably taper off and trickle out like usual.

[ocrenter]

[quote=recordsclerk]Add this to the 700K club by ColRich:

http://www.sdlookup.com/MLS-110012787-15054_Almond_Orchard_Lot_211_Ln_San_Diego_CA_92131

Large usable lot, but large steep slope.

Obviously we are not counting Astoria and Mills Creek. They are always in the 700s.

So far the demand for these homes has kept the prices stable since 2009. I thought we would see more distress at this point.[/quote]

“sits on a large corner lot near fabulous community park”

to me this seems like a big negative.

[ocrenter]

[quote=recordsclerk]Add this to the 700K club by ColRich:

http://www.sdlookup.com/MLS-110012787-15054_Almond_Orchard_Lot_211_Ln_San_Diego_CA_92131

Large usable lot, but large steep slope.

Obviously we are not counting Astoria and Mills Creek. They are always in the 700s.

So far the demand for these homes has kept the prices stable since 2009. I thought we would see more distress at this point.[/quote]

“sits on a large corner lot near fabulous community park”

to me this seems like a big negative.

[ocrenter]

[quote=recordsclerk]Add this to the 700K club by ColRich:

http://www.sdlookup.com/MLS-110012787-15054_Almond_Orchard_Lot_211_Ln_San_Diego_CA_92131

Large usable lot, but large steep slope.

Obviously we are not counting Astoria and Mills Creek. They are always in the 700s.

So far the demand for these homes has kept the prices stable since 2009. I thought we would see more distress at this point.[/quote]

“sits on a large corner lot near fabulous community park”

to me this seems like a big negative.

[ocrenter]

[quote=recordsclerk]Add this to the 700K club by ColRich:

http://www.sdlookup.com/MLS-110012787-15054_Almond_Orchard_Lot_211_Ln_San_Diego_CA_92131

Large usable lot, but large steep slope.

Obviously we are not counting Astoria and Mills Creek. They are always in the 700s.

So far the demand for these homes has kept the prices stable since 2009. I thought we would see more distress at this point.[/quote]

“sits on a large corner lot near fabulous community park”

to me this seems like a big negative.

[recordsclerk]

Add this to the 700K club by ColRich:

http://www.sdlookup.com/MLS-110012787-15054_Almond_Orchard_Lot_211_Ln_San_Diego_CA_92131

Large usable lot, but large steep slope.

Obviously we are not counting Astoria and Mills Creek. They are always in the 700s.

So far the demand for these homes has kept the prices stable since 2009. I thought we would see more distress at this point.

[recordsclerk]

Add this to the 700K club by ColRich:

http://www.sdlookup.com/MLS-110012787-15054_Almond_Orchard_Lot_211_Ln_San_Diego_CA_92131

Large usable lot, but large steep slope.

Obviously we are not counting Astoria and Mills Creek. They are always in the 700s.

So far the demand for these homes has kept the prices stable since 2009. I thought we would see more distress at this point.

[recordsclerk]

Add this to the 700K club by ColRich:

http://www.sdlookup.com/MLS-110012787-15054_Almond_Orchard_Lot_211_Ln_San_Diego_CA_92131

Large usable lot, but large steep slope.

Obviously we are not counting Astoria and Mills Creek. They are always in the 700s.

So far the demand for these homes has kept the prices stable since 2009. I thought we would see more distress at this point.

[recordsclerk]

Add this to the 700K club by ColRich:

http://www.sdlookup.com/MLS-110012787-15054_Almond_Orchard_Lot_211_Ln_San_Diego_CA_92131

Large usable lot, but large steep slope.

Obviously we are not counting Astoria and Mills Creek. They are always in the 700s.

So far the demand for these homes has kept the prices stable since 2009. I thought we would see more distress at this point.

[ocrenter]

[quote=kcal09][quote=ocrenter][quote=kcal09]…the Serenity homes.[/quote]

new or resale?[/quote]

Resale of distressed homes.[/quote]

first, serenity is a post-bubble development, so financing for most of them would be the traditional 20% down or higher variety. and chances are most ended up getting very low 30 year interest rate.

second, like localguy mentioned on prior post, there is a market out there, homes are going. so if a house got all of the interior and exterior upgrades, it is more likely than not that it will find a buyer prior to reaching into the 700k territory. even well into 2013.

but is it possible that you might see maybe a couple of individual cases dip into the 700k range? maybe. maybe on a home that the owner could not afford to put upgrades in. and there’s a job loss. and the home already had a lot deficiency (aka minimal flat yard with steep slope in the back).

but then again, that has already happened with a couple of Davidson new homes and CityVenture Viscaya new homes. so whoever wanted a mid 700k larger Stonebridge home should have already acted. there’s no need to wait until 2013.

[ocrenter]

[quote=kcal09][quote=ocrenter][quote=kcal09]…the Serenity homes.[/quote]

new or resale?[/quote]

Resale of distressed homes.[/quote]

first, serenity is a post-bubble development, so financing for most of them would be the traditional 20% down or higher variety. and chances are most ended up getting very low 30 year interest rate.

second, like localguy mentioned on prior post, there is a market out there, homes are going. so if a house got all of the interior and exterior upgrades, it is more likely than not that it will find a buyer prior to reaching into the 700k territory. even well into 2013.

but is it possible that you might see maybe a couple of individual cases dip into the 700k range? maybe. maybe on a home that the owner could not afford to put upgrades in. and there’s a job loss. and the home already had a lot deficiency (aka minimal flat yard with steep slope in the back).

but then again, that has already happened with a couple of Davidson new homes and CityVenture Viscaya new homes. so whoever wanted a mid 700k larger Stonebridge home should have already acted. there’s no need to wait until 2013.

[ocrenter]

[quote=kcal09][quote=ocrenter][quote=kcal09]…the Serenity homes.[/quote]

new or resale?[/quote]

Resale of distressed homes.[/quote]

first, serenity is a post-bubble development, so financing for most of them would be the traditional 20% down or higher variety. and chances are most ended up getting very low 30 year interest rate.

second, like localguy mentioned on prior post, there is a market out there, homes are going. so if a house got all of the interior and exterior upgrades, it is more likely than not that it will find a buyer prior to reaching into the 700k territory. even well into 2013.

but is it possible that you might see maybe a couple of individual cases dip into the 700k range? maybe. maybe on a home that the owner could not afford to put upgrades in. and there’s a job loss. and the home already had a lot deficiency (aka minimal flat yard with steep slope in the back).

but then again, that has already happened with a couple of Davidson new homes and CityVenture Viscaya new homes. so whoever wanted a mid 700k larger Stonebridge home should have already acted. there’s no need to wait until 2013.

[ocrenter]

[quote=kcal09][quote=ocrenter][quote=kcal09]…the Serenity homes.[/quote]

new or resale?[/quote]

Resale of distressed homes.[/quote]

first, serenity is a post-bubble development, so financing for most of them would be the traditional 20% down or higher variety. and chances are most ended up getting very low 30 year interest rate.

second, like localguy mentioned on prior post, there is a market out there, homes are going. so if a house got all of the interior and exterior upgrades, it is more likely than not that it will find a buyer prior to reaching into the 700k territory. even well into 2013.

but is it possible that you might see maybe a couple of individual cases dip into the 700k range? maybe. maybe on a home that the owner could not afford to put upgrades in. and there’s a job loss. and the home already had a lot deficiency (aka minimal flat yard with steep slope in the back).

but then again, that has already happened with a couple of Davidson new homes and CityVenture Viscaya new homes. so whoever wanted a mid 700k larger Stonebridge home should have already acted. there’s no need to wait until 2013.

[kcal09]

[quote=ocrenter][quote=kcal09]…the Serenity homes.[/quote]

new or resale?[/quote]

Resale of distressed homes.

[kcal09]

[quote=ocrenter][quote=kcal09]…the Serenity homes.[/quote]

new or resale?[/quote]

Resale of distressed homes.

[kcal09]

[quote=ocrenter][quote=kcal09]…the Serenity homes.[/quote]

new or resale?[/quote]

Resale of distressed homes.

[kcal09]

[quote=ocrenter][quote=kcal09]…the Serenity homes.[/quote]

new or resale?[/quote]

Resale of distressed homes.

[ocrenter]

[quote=kcal09]…the Serenity homes.[/quote]

new or resale?

[ocrenter]

[quote=kcal09]…the Serenity homes.[/quote]

new or resale?

[ocrenter]

[quote=kcal09]…the Serenity homes.[/quote]

new or resale?

[ocrenter]

[quote=kcal09]…the Serenity homes.[/quote]

new or resale?

[kcal09]

…the Serenity homes.

[kcal09]

…the Serenity homes.

[kcal09]

…the Serenity homes.

[kcal09]

…the Serenity homes.

[ocrenter]

[quote=kcal09]I would even say that the short sale prices will be lower as the overall market will deteriorate at a rapid pace from here. I wouldn’t be surprised if we see prices down another 10% in 2013. Stonebridge has not much to offer in terms of views or location and the MR are ridiculous. Those homes listed on the previous page should be really in the $700k range.[/quote]

which ones are you referring to re: $700k range? the smaller 3000ish homes on avg 8000 sqft lots or the 4-5000 sqft homes on avg 1/3-1/2 acre lots?

the smaller 3000ish homes are already in the 700k range.

[ocrenter]

[quote=kcal09]I would even say that the short sale prices will be lower as the overall market will deteriorate at a rapid pace from here. I wouldn’t be surprised if we see prices down another 10% in 2013. Stonebridge has not much to offer in terms of views or location and the MR are ridiculous. Those homes listed on the previous page should be really in the $700k range.[/quote]

which ones are you referring to re: $700k range? the smaller 3000ish homes on avg 8000 sqft lots or the 4-5000 sqft homes on avg 1/3-1/2 acre lots?

the smaller 3000ish homes are already in the 700k range.

[ocrenter]

[quote=kcal09]I would even say that the short sale prices will be lower as the overall market will deteriorate at a rapid pace from here. I wouldn’t be surprised if we see prices down another 10% in 2013. Stonebridge has not much to offer in terms of views or location and the MR are ridiculous. Those homes listed on the previous page should be really in the $700k range.[/quote]

which ones are you referring to re: $700k range? the smaller 3000ish homes on avg 8000 sqft lots or the 4-5000 sqft homes on avg 1/3-1/2 acre lots?

the smaller 3000ish homes are already in the 700k range.

[ocrenter]

[quote=kcal09]I would even say that the short sale prices will be lower as the overall market will deteriorate at a rapid pace from here. I wouldn’t be surprised if we see prices down another 10% in 2013. Stonebridge has not much to offer in terms of views or location and the MR are ridiculous. Those homes listed on the previous page should be really in the $700k range.[/quote]

which ones are you referring to re: $700k range? the smaller 3000ish homes on avg 8000 sqft lots or the 4-5000 sqft homes on avg 1/3-1/2 acre lots?

the smaller 3000ish homes are already in the 700k range.

[kcal09]

I would even say that the short sale prices will be lower as the overall market will deteriorate at a rapid pace from here. I wouldn’t be surprised if we see prices down another 10% in 2013. Stonebridge has not much to offer in terms of views or location and the MR are ridiculous. Those homes listed on the previous page should be really in the $700k range.

[kcal09]

I would even say that the short sale prices will be lower as the overall market will deteriorate at a rapid pace from here. I wouldn’t be surprised if we see prices down another 10% in 2013. Stonebridge has not much to offer in terms of views or location and the MR are ridiculous. Those homes listed on the previous page should be really in the $700k range.

[kcal09]

I would even say that the short sale prices will be lower as the overall market will deteriorate at a rapid pace from here. I wouldn’t be surprised if we see prices down another 10% in 2013. Stonebridge has not much to offer in terms of views or location and the MR are ridiculous. Those homes listed on the previous page should be really in the $700k range.

[kcal09]

I would even say that the short sale prices will be lower as the overall market will deteriorate at a rapid pace from here. I wouldn’t be surprised if we see prices down another 10% in 2013. Stonebridge has not much to offer in terms of views or location and the MR are ridiculous. Those homes listed on the previous page should be really in the $700k range.

[ocrenter]

[quote=kcal09]The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.[/quote]

Depends on what you are refering to. The new home asking prices at the sales offices? Or the short sale asking price. You can’t get much better than the short sale prices, in fact those are actually a little unrealistic at this point. Definitely would not recommend any of the new home offerings at this point.

[ocrenter]

[quote=kcal09]The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.[/quote]

Depends on what you are refering to. The new home asking prices at the sales offices? Or the short sale asking price. You can’t get much better than the short sale prices, in fact those are actually a little unrealistic at this point. Definitely would not recommend any of the new home offerings at this point.

[ocrenter]

[quote=kcal09]The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.[/quote]

Depends on what you are refering to. The new home asking prices at the sales offices? Or the short sale asking price. You can’t get much better than the short sale prices, in fact those are actually a little unrealistic at this point. Definitely would not recommend any of the new home offerings at this point.

[ocrenter]

[quote=kcal09]The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.[/quote]

Depends on what you are refering to. The new home asking prices at the sales offices? Or the short sale asking price. You can’t get much better than the short sale prices, in fact those are actually a little unrealistic at this point. Definitely would not recommend any of the new home offerings at this point.

[kcal09]

The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.

[kcal09]

The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.

[kcal09]

The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.

[kcal09]

The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.

[localguy]

What is interesting out here is that homes are selling. Brookfield/Serenity is plugging right along. Seperate from pricing, over/under, there is a demand. As always out here, although the majority of lots are above average in size, most are average for location, view, neighbors, etc. A small majority have nice views, huge yards, and few neighbors. It all depends on your preference. For example Montoro has huge lots, yet the houses are down in a “canyon”. While a few of the Serenity and Toll Bros. may have a smaller lot, yet have a decent view and few neighbors. ColRich, had a few homes next to the Tiburon models with really nice views at a decent price point. You really need to pay attention.
Localguy
Localguy

[localguy]

What is interesting out here is that homes are selling. Brookfield/Serenity is plugging right along. Seperate from pricing, over/under, there is a demand. As always out here, although the majority of lots are above average in size, most are average for location, view, neighbors, etc. A small majority have nice views, huge yards, and few neighbors. It all depends on your preference. For example Montoro has huge lots, yet the houses are down in a “canyon”. While a few of the Serenity and Toll Bros. may have a smaller lot, yet have a decent view and few neighbors. ColRich, had a few homes next to the Tiburon models with really nice views at a decent price point. You really need to pay attention.
Localguy
Localguy

[localguy]

What is interesting out here is that homes are selling. Brookfield/Serenity is plugging right along. Seperate from pricing, over/under, there is a demand. As always out here, although the majority of lots are above average in size, most are average for location, view, neighbors, etc. A small majority have nice views, huge yards, and few neighbors. It all depends on your preference. For example Montoro has huge lots, yet the houses are down in a “canyon”. While a few of the Serenity and Toll Bros. may have a smaller lot, yet have a decent view and few neighbors. ColRich, had a few homes next to the Tiburon models with really nice views at a decent price point. You really need to pay attention.
Localguy
Localguy

[localguy]

What is interesting out here is that homes are selling. Brookfield/Serenity is plugging right along. Seperate from pricing, over/under, there is a demand. As always out here, although the majority of lots are above average in size, most are average for location, view, neighbors, etc. A small majority have nice views, huge yards, and few neighbors. It all depends on your preference. For example Montoro has huge lots, yet the houses are down in a “canyon”. While a few of the Serenity and Toll Bros. may have a smaller lot, yet have a decent view and few neighbors. ColRich, had a few homes next to the Tiburon models with really nice views at a decent price point. You really need to pay attention.
Localguy
Localguy

[localguy]

What is interesting out here is that homes are selling. Brookfield/Serenity is plugging right along. Seperate from pricing, over/under, there is a demand. As always out here, although the majority of lots are above average in size, most are average for location, view, neighbors, etc. A small majority have nice views, huge yards, and few neighbors. It all depends on your preference. For example Montoro has huge lots, yet the houses are down in a “canyon”. While a few of the Serenity and Toll Bros. may have a smaller lot, yet have a decent view and few neighbors. ColRich, had a few homes next to the Tiburon models with really nice views at a decent price point. You really need to pay attention.
Localguy
Localguy

[sunny88]

I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.

[ocrenter]

[quote=sunny88]I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.[/quote]

I just did the calculation, the MR actually adds $100k to the price. Would be nice to see a recent closed sale that is much nicer in Poway for 100k over a comparable Stonebridge home.

[kcal09]

[quote=ocrenter][quote=sunny88]I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.[/quote]

I just did the calculation, the MR actually adds $100k to the price. Would be nice to see a recent closed sale that is much nicer in Poway for 100k over a comparable Stonebridge home.[/quote]

MR is a 30 year bond which would add 30 x $5,000=$150,000 total.

[ocrenter]

[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]

that’s like saying a house with a $500k 30 year mortgage really cost $911k.

the way I look at it is how much the mello roos burden reduce purchase power.

a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.

Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.

I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.

That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.

[kcal09]

[quote=ocrenter][quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]

that’s like saying a house with a $500k 30 year mortgage really cost $911k.

the way I look at it is how much the mello roos burden reduce purchase power.

a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.

Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.

I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.

That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.[/quote]

You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years!

[sdrealtor]

Sorry but your reasoning is flawed. In 30 years you’ll be dead

[kcal09]

[quote=sdrealtor]Sorry but your reasoning is flawed. In 30 years you’ll be dead[/quote]

Interesting statement-perhaps I’ll send you a message in 30 years, if you’re still alive that is….

[kcal09]

[quote=sdrealtor]Sorry but your reasoning is flawed. In 30 years you’ll be dead[/quote]

Interesting statement-perhaps I’ll send you a message in 30 years, if you’re still alive that is….

[kcal09]

[quote=sdrealtor]Sorry but your reasoning is flawed. In 30 years you’ll be dead[/quote]

Interesting statement-perhaps I’ll send you a message in 30 years, if you’re still alive that is….

[kcal09]

[quote=sdrealtor]Sorry but your reasoning is flawed. In 30 years you’ll be dead[/quote]

Interesting statement-perhaps I’ll send you a message in 30 years, if you’re still alive that is….

[kcal09]

[quote=sdrealtor]Sorry but your reasoning is flawed. In 30 years you’ll be dead[/quote]

Interesting statement-perhaps I’ll send you a message in 30 years, if you’re still alive that is….

[sdrealtor]

Sorry but your reasoning is flawed. In 30 years you’ll be dead

[sdrealtor]

Sorry but your reasoning is flawed. In 30 years you’ll be dead

[sdrealtor]

Sorry but your reasoning is flawed. In 30 years you’ll be dead

[sdrealtor]

Sorry but your reasoning is flawed. In 30 years you’ll be dead

[an]

[quote=kcal09]You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years![/quote]
Using this same logic, buying these house for $850k and $450/month MR really cost you ~$3.4M compare to buying a $400k house and invest the $110k difference in down payment and $2700/month in monthly payment. That hasn’t count in the tax difference either.

[kcal09]

[quote=AN][quote=kcal09]You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years![/quote]
Using this same logic, buying these house for $850k and $450/month MR really cost you ~$3.4M compare to buying a $400k house and invest the $110k difference in down payment and $2700/month in monthly payment. That hasn’t count in the tax difference either.[/quote]

That is absolutely correct. That’s why I bought my house in cash…

[an]

[quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.

[ocrenter]

[quote=AN][quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.[/quote]

let’s not forget we have 30 years of inflation to look at. If the rate of inflation over the next 30 years is on pace with inflation from the last 30 years, that $450 per month in 30 years would really be $181 per month in today’s dollars.

and assuming someone paid 20% of 850k and financed the 80% at 4.5%, that $3450 per month mortgage after 30 years would be $1400 per month in today’s dollars.

all that really proves you do not take today’s monthly payment of something and extrapolate by 30 years. that was my point in the first place.

rather you compare apples to apples and simply ask the question of how the addition of $450 per month in mello roos impact a buyer’s purchase power here, today. and that impact IS a $82k loss in purchase power.

[familyguy]

This, (to pay MR or not to pay MR) like so many arguments, will never be settled.

Folks that are OK with it will justify it in their minds. Folks that don’t, won’t or can’t pay it will justify their reasons as well.

I think it just comes down to personal preference. For my family, it’s worth it. I enjoy the “new” neighborhood, the Poway school district, and all the other perks that come along with living in a new development. Others may not, and find comfort in the offerings of a more established neighborhood in Poway or the surrounding areas.

I wonder how many of those who have an issue with paying MR and justify their argument by calculating how much they will have in a 30 year period of investing, are actually investing the 5k per year that would have otherwise gone to pay MR? I’m sure there are many that do (and also sure those people will be quick to tell me how well their investments are doing) but I would suspect a greater majority of people spend that 5k they save by not paying MR on other things and will never see a penny of the money claimed to be generated from investing cash.

[ocrenter]

[quote=familyguy]This, (to pay MR or not to pay MR) like so many arguments, will never be settled.
[/quote]

I just don’t see why this is so controversial. When someone buys a home, they simply figure the MR payment into their monthly housing cost. just like all other recurring monthly payments like HOA and property tax.

let’s take this South-of-Pomerado 4300 sqft home on 12k lot. http://www.sdlookup.com/MLS-100049824-10819_Figtree_Ct_San_Diego_CA_92131
asking is $1.4 million, with HOA of $76 per month. With 20% down, that works out to $5600/month of mortgage, and $1240/month of HOA and tax. For total of $6840/month.

meanwhile, compare to this Stonebridge 4700 sqft home on 12k lot. http://www.sdlookup.com/MLS-110019729-11364_Caspian_Pl_San_Diego_CA_92131
asking is $1.08 million, with HOA of $160 and MR of $440 per month. With 20% down, that works out to $4300/month of mortgage and $1500/month of HOA and tax and MR. For total of $5800/month.

for a newer and slightly larger home, despite the MR, the monthly housing cost is actually $1000 less. (actually $1200 less per month if we apply the same down payment of $280k to the Stonebridge home).

that is all.

[sdrealtor]

There is actually more as at some point in the future the MR will be paid off and will go away.

[sdrealtor]

There is actually more as at some point in the future the MR will be paid off and will go away.

[sdrealtor]

There is actually more as at some point in the future the MR will be paid off and will go away.

[sdrealtor]

There is actually more as at some point in the future the MR will be paid off and will go away.

[sdrealtor]

There is actually more as at some point in the future the MR will be paid off and will go away.

[ocrenter]

[quote=familyguy]This, (to pay MR or not to pay MR) like so many arguments, will never be settled.
[/quote]

I just don’t see why this is so controversial. When someone buys a home, they simply figure the MR payment into their monthly housing cost. just like all other recurring monthly payments like HOA and property tax.

let’s take this South-of-Pomerado 4300 sqft home on 12k lot. http://www.sdlookup.com/MLS-100049824-10819_Figtree_Ct_San_Diego_CA_92131
asking is $1.4 million, with HOA of $76 per month. With 20% down, that works out to $5600/month of mortgage, and $1240/month of HOA and tax. For total of $6840/month.

meanwhile, compare to this Stonebridge 4700 sqft home on 12k lot. http://www.sdlookup.com/MLS-110019729-11364_Caspian_Pl_San_Diego_CA_92131
asking is $1.08 million, with HOA of $160 and MR of $440 per month. With 20% down, that works out to $4300/month of mortgage and $1500/month of HOA and tax and MR. For total of $5800/month.

for a newer and slightly larger home, despite the MR, the monthly housing cost is actually $1000 less. (actually $1200 less per month if we apply the same down payment of $280k to the Stonebridge home).

that is all.

[ocrenter]

[quote=familyguy]This, (to pay MR or not to pay MR) like so many arguments, will never be settled.
[/quote]

I just don’t see why this is so controversial. When someone buys a home, they simply figure the MR payment into their monthly housing cost. just like all other recurring monthly payments like HOA and property tax.

let’s take this South-of-Pomerado 4300 sqft home on 12k lot. http://www.sdlookup.com/MLS-100049824-10819_Figtree_Ct_San_Diego_CA_92131
asking is $1.4 million, with HOA of $76 per month. With 20% down, that works out to $5600/month of mortgage, and $1240/month of HOA and tax. For total of $6840/month.

meanwhile, compare to this Stonebridge 4700 sqft home on 12k lot. http://www.sdlookup.com/MLS-110019729-11364_Caspian_Pl_San_Diego_CA_92131
asking is $1.08 million, with HOA of $160 and MR of $440 per month. With 20% down, that works out to $4300/month of mortgage and $1500/month of HOA and tax and MR. For total of $5800/month.

for a newer and slightly larger home, despite the MR, the monthly housing cost is actually $1000 less. (actually $1200 less per month if we apply the same down payment of $280k to the Stonebridge home).

that is all.

[ocrenter]

[quote=familyguy]This, (to pay MR or not to pay MR) like so many arguments, will never be settled.
[/quote]

I just don’t see why this is so controversial. When someone buys a home, they simply figure the MR payment into their monthly housing cost. just like all other recurring monthly payments like HOA and property tax.

let’s take this South-of-Pomerado 4300 sqft home on 12k lot. http://www.sdlookup.com/MLS-100049824-10819_Figtree_Ct_San_Diego_CA_92131
asking is $1.4 million, with HOA of $76 per month. With 20% down, that works out to $5600/month of mortgage, and $1240/month of HOA and tax. For total of $6840/month.

meanwhile, compare to this Stonebridge 4700 sqft home on 12k lot. http://www.sdlookup.com/MLS-110019729-11364_Caspian_Pl_San_Diego_CA_92131
asking is $1.08 million, with HOA of $160 and MR of $440 per month. With 20% down, that works out to $4300/month of mortgage and $1500/month of HOA and tax and MR. For total of $5800/month.

for a newer and slightly larger home, despite the MR, the monthly housing cost is actually $1000 less. (actually $1200 less per month if we apply the same down payment of $280k to the Stonebridge home).

that is all.

[ocrenter]

[quote=familyguy]This, (to pay MR or not to pay MR) like so many arguments, will never be settled.
[/quote]

I just don’t see why this is so controversial. When someone buys a home, they simply figure the MR payment into their monthly housing cost. just like all other recurring monthly payments like HOA and property tax.

let’s take this South-of-Pomerado 4300 sqft home on 12k lot. http://www.sdlookup.com/MLS-100049824-10819_Figtree_Ct_San_Diego_CA_92131
asking is $1.4 million, with HOA of $76 per month. With 20% down, that works out to $5600/month of mortgage, and $1240/month of HOA and tax. For total of $6840/month.

meanwhile, compare to this Stonebridge 4700 sqft home on 12k lot. http://www.sdlookup.com/MLS-110019729-11364_Caspian_Pl_San_Diego_CA_92131
asking is $1.08 million, with HOA of $160 and MR of $440 per month. With 20% down, that works out to $4300/month of mortgage and $1500/month of HOA and tax and MR. For total of $5800/month.

for a newer and slightly larger home, despite the MR, the monthly housing cost is actually $1000 less. (actually $1200 less per month if we apply the same down payment of $280k to the Stonebridge home).

that is all.

[familyguy]

This, (to pay MR or not to pay MR) like so many arguments, will never be settled.

Folks that are OK with it will justify it in their minds. Folks that don’t, won’t or can’t pay it will justify their reasons as well.

I think it just comes down to personal preference. For my family, it’s worth it. I enjoy the “new” neighborhood, the Poway school district, and all the other perks that come along with living in a new development. Others may not, and find comfort in the offerings of a more established neighborhood in Poway or the surrounding areas.

I wonder how many of those who have an issue with paying MR and justify their argument by calculating how much they will have in a 30 year period of investing, are actually investing the 5k per year that would have otherwise gone to pay MR? I’m sure there are many that do (and also sure those people will be quick to tell me how well their investments are doing) but I would suspect a greater majority of people spend that 5k they save by not paying MR on other things and will never see a penny of the money claimed to be generated from investing cash.

[familyguy]

This, (to pay MR or not to pay MR) like so many arguments, will never be settled.

Folks that are OK with it will justify it in their minds. Folks that don’t, won’t or can’t pay it will justify their reasons as well.

I think it just comes down to personal preference. For my family, it’s worth it. I enjoy the “new” neighborhood, the Poway school district, and all the other perks that come along with living in a new development. Others may not, and find comfort in the offerings of a more established neighborhood in Poway or the surrounding areas.

I wonder how many of those who have an issue with paying MR and justify their argument by calculating how much they will have in a 30 year period of investing, are actually investing the 5k per year that would have otherwise gone to pay MR? I’m sure there are many that do (and also sure those people will be quick to tell me how well their investments are doing) but I would suspect a greater majority of people spend that 5k they save by not paying MR on other things and will never see a penny of the money claimed to be generated from investing cash.

[familyguy]

This, (to pay MR or not to pay MR) like so many arguments, will never be settled.

Folks that are OK with it will justify it in their minds. Folks that don’t, won’t or can’t pay it will justify their reasons as well.

I think it just comes down to personal preference. For my family, it’s worth it. I enjoy the “new” neighborhood, the Poway school district, and all the other perks that come along with living in a new development. Others may not, and find comfort in the offerings of a more established neighborhood in Poway or the surrounding areas.

I wonder how many of those who have an issue with paying MR and justify their argument by calculating how much they will have in a 30 year period of investing, are actually investing the 5k per year that would have otherwise gone to pay MR? I’m sure there are many that do (and also sure those people will be quick to tell me how well their investments are doing) but I would suspect a greater majority of people spend that 5k they save by not paying MR on other things and will never see a penny of the money claimed to be generated from investing cash.

[familyguy]

This, (to pay MR or not to pay MR) like so many arguments, will never be settled.

Folks that are OK with it will justify it in their minds. Folks that don’t, won’t or can’t pay it will justify their reasons as well.

I think it just comes down to personal preference. For my family, it’s worth it. I enjoy the “new” neighborhood, the Poway school district, and all the other perks that come along with living in a new development. Others may not, and find comfort in the offerings of a more established neighborhood in Poway or the surrounding areas.

I wonder how many of those who have an issue with paying MR and justify their argument by calculating how much they will have in a 30 year period of investing, are actually investing the 5k per year that would have otherwise gone to pay MR? I’m sure there are many that do (and also sure those people will be quick to tell me how well their investments are doing) but I would suspect a greater majority of people spend that 5k they save by not paying MR on other things and will never see a penny of the money claimed to be generated from investing cash.

[ocrenter]

[quote=AN][quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.[/quote]

let’s not forget we have 30 years of inflation to look at. If the rate of inflation over the next 30 years is on pace with inflation from the last 30 years, that $450 per month in 30 years would really be $181 per month in today’s dollars.

and assuming someone paid 20% of 850k and financed the 80% at 4.5%, that $3450 per month mortgage after 30 years would be $1400 per month in today’s dollars.

all that really proves you do not take today’s monthly payment of something and extrapolate by 30 years. that was my point in the first place.

rather you compare apples to apples and simply ask the question of how the addition of $450 per month in mello roos impact a buyer’s purchase power here, today. and that impact IS a $82k loss in purchase power.

[ocrenter]

[quote=AN][quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.[/quote]

let’s not forget we have 30 years of inflation to look at. If the rate of inflation over the next 30 years is on pace with inflation from the last 30 years, that $450 per month in 30 years would really be $181 per month in today’s dollars.

and assuming someone paid 20% of 850k and financed the 80% at 4.5%, that $3450 per month mortgage after 30 years would be $1400 per month in today’s dollars.

all that really proves you do not take today’s monthly payment of something and extrapolate by 30 years. that was my point in the first place.

rather you compare apples to apples and simply ask the question of how the addition of $450 per month in mello roos impact a buyer’s purchase power here, today. and that impact IS a $82k loss in purchase power.

[ocrenter]

[quote=AN][quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.[/quote]

let’s not forget we have 30 years of inflation to look at. If the rate of inflation over the next 30 years is on pace with inflation from the last 30 years, that $450 per month in 30 years would really be $181 per month in today’s dollars.

and assuming someone paid 20% of 850k and financed the 80% at 4.5%, that $3450 per month mortgage after 30 years would be $1400 per month in today’s dollars.

all that really proves you do not take today’s monthly payment of something and extrapolate by 30 years. that was my point in the first place.

rather you compare apples to apples and simply ask the question of how the addition of $450 per month in mello roos impact a buyer’s purchase power here, today. and that impact IS a $82k loss in purchase power.

[ocrenter]

[quote=AN][quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.[/quote]

let’s not forget we have 30 years of inflation to look at. If the rate of inflation over the next 30 years is on pace with inflation from the last 30 years, that $450 per month in 30 years would really be $181 per month in today’s dollars.

and assuming someone paid 20% of 850k and financed the 80% at 4.5%, that $3450 per month mortgage after 30 years would be $1400 per month in today’s dollars.

all that really proves you do not take today’s monthly payment of something and extrapolate by 30 years. that was my point in the first place.

rather you compare apples to apples and simply ask the question of how the addition of $450 per month in mello roos impact a buyer’s purchase power here, today. and that impact IS a $82k loss in purchase power.

[an]

[quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.

[an]

[quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.

[an]

[quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.

[an]

[quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.

[kcal09]

[quote=AN][quote=kcal09]You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years![/quote]
Using this same logic, buying these house for $850k and $450/month MR really cost you ~$3.4M compare to buying a $400k house and invest the $110k difference in down payment and $2700/month in monthly payment. That hasn’t count in the tax difference either.[/quote]

That is absolutely correct. That’s why I bought my house in cash…

[kcal09]

[quote=AN][quote=kcal09]You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years![/quote]
Using this same logic, buying these house for $850k and $450/month MR really cost you ~$3.4M compare to buying a $400k house and invest the $110k difference in down payment and $2700/month in monthly payment. That hasn’t count in the tax difference either.[/quote]

That is absolutely correct. That’s why I bought my house in cash…

[kcal09]

[quote=AN][quote=kcal09]You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years![/quote]
Using this same logic, buying these house for $850k and $450/month MR really cost you ~$3.4M compare to buying a $400k house and invest the $110k difference in down payment and $2700/month in monthly payment. That hasn’t count in the tax difference either.[/quote]

That is absolutely correct. That’s why I bought my house in cash…

[kcal09]

[quote=AN][quote=kcal09]You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years![/quote]
Using this same logic, buying these house for $850k and $450/month MR really cost you ~$3.4M compare to buying a $400k house and invest the $110k difference in down payment and $2700/month in monthly payment. That hasn’t count in the tax difference either.[/quote]

That is absolutely correct. That’s why I bought my house in cash…

[an]

[quote=kcal09]You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years![/quote]
Using this same logic, buying these house for $850k and $450/month MR really cost you ~$3.4M compare to buying a $400k house and invest the $110k difference in down payment and $2700/month in monthly payment. That hasn’t count in the tax difference either.

[an]

[quote=kcal09]You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years![/quote]
Using this same logic, buying these house for $850k and $450/month MR really cost you ~$3.4M compare to buying a $400k house and invest the $110k difference in down payment and $2700/month in monthly payment. That hasn’t count in the tax difference either.

[an]

[quote=kcal09]You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years![/quote]
Using this same logic, buying these house for $850k and $450/month MR really cost you ~$3.4M compare to buying a $400k house and invest the $110k difference in down payment and $2700/month in monthly payment. That hasn’t count in the tax difference either.

[an]

[quote=kcal09]You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years![/quote]
Using this same logic, buying these house for $850k and $450/month MR really cost you ~$3.4M compare to buying a $400k house and invest the $110k difference in down payment and $2700/month in monthly payment. That hasn’t count in the tax difference either.

[kcal09]

[quote=ocrenter][quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]

that’s like saying a house with a $500k 30 year mortgage really cost $911k.

the way I look at it is how much the mello roos burden reduce purchase power.

a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.

Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.

I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.

That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.[/quote]

You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years!

[kcal09]

[quote=ocrenter][quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]

that’s like saying a house with a $500k 30 year mortgage really cost $911k.

the way I look at it is how much the mello roos burden reduce purchase power.

a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.

Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.

I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.

That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.[/quote]

You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years!

[kcal09]

[quote=ocrenter][quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]

that’s like saying a house with a $500k 30 year mortgage really cost $911k.

the way I look at it is how much the mello roos burden reduce purchase power.

a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.

Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.

I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.

That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.[/quote]

You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years!

[kcal09]

[quote=ocrenter][quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]

that’s like saying a house with a $500k 30 year mortgage really cost $911k.

the way I look at it is how much the mello roos burden reduce purchase power.

a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.

Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.

I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.

That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.[/quote]

You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years!

[ocrenter]

[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]

that’s like saying a house with a $500k 30 year mortgage really cost $911k.

the way I look at it is how much the mello roos burden reduce purchase power.

a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.

Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.

I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.

That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.

[ocrenter]

[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]

that’s like saying a house with a $500k 30 year mortgage really cost $911k.

the way I look at it is how much the mello roos burden reduce purchase power.

a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.

Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.

I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.

That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.

[ocrenter]

[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]

that’s like saying a house with a $500k 30 year mortgage really cost $911k.

the way I look at it is how much the mello roos burden reduce purchase power.

a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.

Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.

I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.

That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.

[ocrenter]

[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]

that’s like saying a house with a $500k 30 year mortgage really cost $911k.

the way I look at it is how much the mello roos burden reduce purchase power.

a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.

Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.

I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.

That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.

[kcal09]

[quote=ocrenter][quote=sunny88]I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.[/quote]

I just did the calculation, the MR actually adds $100k to the price. Would be nice to see a recent closed sale that is much nicer in Poway for 100k over a comparable Stonebridge home.[/quote]

MR is a 30 year bond which would add 30 x $5,000=$150,000 total.

[kcal09]

[quote=ocrenter][quote=sunny88]I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.[/quote]

I just did the calculation, the MR actually adds $100k to the price. Would be nice to see a recent closed sale that is much nicer in Poway for 100k over a comparable Stonebridge home.[/quote]

MR is a 30 year bond which would add 30 x $5,000=$150,000 total.

[kcal09]

[quote=ocrenter][quote=sunny88]I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.[/quote]

I just did the calculation, the MR actually adds $100k to the price. Would be nice to see a recent closed sale that is much nicer in Poway for 100k over a comparable Stonebridge home.[/quote]

MR is a 30 year bond which would add 30 x $5,000=$150,000 total.

[kcal09]

[quote=ocrenter][quote=sunny88]I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.[/quote]

I just did the calculation, the MR actually adds $100k to the price. Would be nice to see a recent closed sale that is much nicer in Poway for 100k over a comparable Stonebridge home.[/quote]

MR is a 30 year bond which would add 30 x $5,000=$150,000 total.

[ocrenter]

[quote=sunny88]I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.[/quote]

I just did the calculation, the MR actually adds $100k to the price. Would be nice to see a recent closed sale that is much nicer in Poway for 100k over a comparable Stonebridge home.

[ocrenter]

[quote=sunny88]I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.[/quote]

I just did the calculation, the MR actually adds $100k to the price. Would be nice to see a recent closed sale that is much nicer in Poway for 100k over a comparable Stonebridge home.

[ocrenter]

[quote=sunny88]I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.[/quote]

I just did the calculation, the MR actually adds $100k to the price. Would be nice to see a recent closed sale that is much nicer in Poway for 100k over a comparable Stonebridge home.

[ocrenter]

[quote=sunny88]I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.[/quote]

I just did the calculation, the MR actually adds $100k to the price. Would be nice to see a recent closed sale that is much nicer in Poway for 100k over a comparable Stonebridge home.

[sunny88]

I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.

[sunny88]

I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.

[sunny88]

I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.

[sunny88]

I think that the high MR still deters many buyers from buying at Stonebridge. The MR adds at least another $150k to the home prices and for that price you can buy a much nicer home in Poway.

[kcal09]

I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.

[bluehairdave]

[quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

HI. I concur. If you look for 4000-5000 sqft houses in Poway or scripps ranch you are looking at 1.3 mil for a 20 year old house. After actively following this market as a buyer for 2 years I think it is safe to say those short sale prices should be completely ignored. The ones in the vicinity of Serenity have been under contract and denied many times over at the prices they are listed at as short sales.

Of course you would buy a home already landscaped with a pool for the same price as a new construction without the 200k in extras that costs but like all things to good to be true the banks holding these notes aren’t allowing short sales 400k under what the owners owe.

If you want a pool sized lot, a house 4000 sqft or larger, a view and a neighborhood with neighbors close buy (if you have small children) its really the only place to look and buy. And people are buying them. The only steep discounts in to the 800’s are on properties with no view and limited yards with hilltop in the backyard. This makes sense to me as everyone buys the view lots first.

Hope this helps clarify the interest in the development. Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.

[familyguy]

[quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”

[bluehairdave]

[quote=familyguy][quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”[/quote]

Not as far as i know. But Brookfield was supposed to build on it and they sold it to someone else. So id imagine someone else has plans to get on with it sooner rather than later.

[bluehairdave]

[quote=familyguy][quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”[/quote]

Not as far as i know. But Brookfield was supposed to build on it and they sold it to someone else. So id imagine someone else has plans to get on with it sooner rather than later.

[bluehairdave]

[quote=familyguy][quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”[/quote]

Not as far as i know. But Brookfield was supposed to build on it and they sold it to someone else. So id imagine someone else has plans to get on with it sooner rather than later.

[bluehairdave]

[quote=familyguy][quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”[/quote]

Not as far as i know. But Brookfield was supposed to build on it and they sold it to someone else. So id imagine someone else has plans to get on with it sooner rather than later.

[bluehairdave]

[quote=familyguy][quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”[/quote]

Not as far as i know. But Brookfield was supposed to build on it and they sold it to someone else. So id imagine someone else has plans to get on with it sooner rather than later.

[ocrenter]

[quote=familyguy][quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”[/quote]

Brookfield sold the Viewpoint lots? did it just happen? property tax roll still shows Brookfield.

[ocrenter]

[quote=familyguy][quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”[/quote]

Brookfield sold the Viewpoint lots? did it just happen? property tax roll still shows Brookfield.

[ocrenter]

[quote=familyguy][quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”[/quote]

Brookfield sold the Viewpoint lots? did it just happen? property tax roll still shows Brookfield.

[ocrenter]

[quote=familyguy][quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”[/quote]

Brookfield sold the Viewpoint lots? did it just happen? property tax roll still shows Brookfield.

[ocrenter]

[quote=familyguy][quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”[/quote]

Brookfield sold the Viewpoint lots? did it just happen? property tax roll still shows Brookfield.

[familyguy]

[quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”

[familyguy]

[quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”

[familyguy]

[quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”

[familyguy]

[quote=bluehairdave][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.[/quote]

Is construction finally planned for those lots in “Viewpoint?”

[bluehairdave]

[quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

HI. I concur. If you look for 4000-5000 sqft houses in Poway or scripps ranch you are looking at 1.3 mil for a 20 year old house. After actively following this market as a buyer for 2 years I think it is safe to say those short sale prices should be completely ignored. The ones in the vicinity of Serenity have been under contract and denied many times over at the prices they are listed at as short sales.

Of course you would buy a home already landscaped with a pool for the same price as a new construction without the 200k in extras that costs but like all things to good to be true the banks holding these notes aren’t allowing short sales 400k under what the owners owe.

If you want a pool sized lot, a house 4000 sqft or larger, a view and a neighborhood with neighbors close buy (if you have small children) its really the only place to look and buy. And people are buying them. The only steep discounts in to the 800’s are on properties with no view and limited yards with hilltop in the backyard. This makes sense to me as everyone buys the view lots first.

Hope this helps clarify the interest in the development. Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.

[bluehairdave]

[quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

HI. I concur. If you look for 4000-5000 sqft houses in Poway or scripps ranch you are looking at 1.3 mil for a 20 year old house. After actively following this market as a buyer for 2 years I think it is safe to say those short sale prices should be completely ignored. The ones in the vicinity of Serenity have been under contract and denied many times over at the prices they are listed at as short sales.

Of course you would buy a home already landscaped with a pool for the same price as a new construction without the 200k in extras that costs but like all things to good to be true the banks holding these notes aren’t allowing short sales 400k under what the owners owe.

If you want a pool sized lot, a house 4000 sqft or larger, a view and a neighborhood with neighbors close buy (if you have small children) its really the only place to look and buy. And people are buying them. The only steep discounts in to the 800’s are on properties with no view and limited yards with hilltop in the backyard. This makes sense to me as everyone buys the view lots first.

Hope this helps clarify the interest in the development. Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.

[bluehairdave]

[quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

HI. I concur. If you look for 4000-5000 sqft houses in Poway or scripps ranch you are looking at 1.3 mil for a 20 year old house. After actively following this market as a buyer for 2 years I think it is safe to say those short sale prices should be completely ignored. The ones in the vicinity of Serenity have been under contract and denied many times over at the prices they are listed at as short sales.

Of course you would buy a home already landscaped with a pool for the same price as a new construction without the 200k in extras that costs but like all things to good to be true the banks holding these notes aren’t allowing short sales 400k under what the owners owe.

If you want a pool sized lot, a house 4000 sqft or larger, a view and a neighborhood with neighbors close buy (if you have small children) its really the only place to look and buy. And people are buying them. The only steep discounts in to the 800’s are on properties with no view and limited yards with hilltop in the backyard. This makes sense to me as everyone buys the view lots first.

Hope this helps clarify the interest in the development. Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.

[bluehairdave]

[quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

HI. I concur. If you look for 4000-5000 sqft houses in Poway or scripps ranch you are looking at 1.3 mil for a 20 year old house. After actively following this market as a buyer for 2 years I think it is safe to say those short sale prices should be completely ignored. The ones in the vicinity of Serenity have been under contract and denied many times over at the prices they are listed at as short sales.

Of course you would buy a home already landscaped with a pool for the same price as a new construction without the 200k in extras that costs but like all things to good to be true the banks holding these notes aren’t allowing short sales 400k under what the owners owe.

If you want a pool sized lot, a house 4000 sqft or larger, a view and a neighborhood with neighbors close buy (if you have small children) its really the only place to look and buy. And people are buying them. The only steep discounts in to the 800’s are on properties with no view and limited yards with hilltop in the backyard. This makes sense to me as everyone buys the view lots first.

Hope this helps clarify the interest in the development. Im curious to see what Toll Bros. has as well at the ViewPoint that Brookfield recently sold.

[familyguy]

[quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

I tend to agree with you kcal, makes me wonder how this listing has lasted so long on the market. Anyone have any thoughts as to why it hasn’t sold?

http://www.sdlookup.com/MLS-110025247-15069_Almond_Orchard_Ln_San_Diego_CA_92131

Of course, there is this one that is only a few doors down. It seems to go on and off the market quite often, yet there has never been a sign in the front yard so without looking online no one would ever know it was for sale. What would be the point of not putting a sign out?

http://www.sdlookup.com/MLS-110028285-15080_Almond_Orchard_Ln_San_Diego_CA_92131

[bluehairdave]

[quote=familyguy][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

I tend to agree with you kcal, makes me wonder how this listing has lasted so long on the market. Anyone have any thoughts as to why it hasn’t sold?

http://www.sdlookup.com/MLS-110025247-15069_Almond_Orchard_Ln_San_Diego_CA_92131

Of course, there is this one that is only a few doors down. It seems to go on and off the market quite often, yet there has never been a sign in the front yard so without looking online no one would ever know it was for sale. What would be the point of not putting a sign out?

http://www.sdlookup.com/MLS-110028285-15080_Almond_Orchard_Ln_San_Diego_CA_92131%5B/quote%5D

As a family looking in the area we didnt like 1. that it was so close to the park that on weekends you have foot traffic and cars parked up and down the street. 2. The backyards are much smaller than what Serenity is now selling. 3. Why not spend 100k less and build out the home customized to what you want for a slightly smaller home. For us anything over 4500 sq ft would be overkill. 4k sqft is enough for any family short of the Brady Bunch for the most part. Builders in Stonebridge are offering enough in ‘incentives’ that you can pimp out the place on the inside within the sales price. The landscaping is another story..

[Anonymous]

As someone who reads forum quite frequently and actually lives in this neighborhood, I felt compelled to contribute to this discussion.

Yes, the backyards are smaller along that side of the street. However, the tradeoff among the owners that live there is that they are afforded a very substantial 180 degree, panoramic sunset views to the west, northwest (sometimes, on clear days a sliver of ocean as well). And because of their siting, they also receive a near daily, cooling, gentle ocean breeze.

To each their own but the thinking for most of the owners here is that they love this neighborhood and accepted the yard size for the other qualities above and for not having to landscape, maintain and spend $$$ on a large lot when there is exactly a park within walking distance.

And I would respectively disagree with the above statement about cars parked up and down the street on weekends. Again as someone that actually lives in this neighborhood, I have noticed this happen exactly twice in the last year when there were soccer or baseball tournaments occurring. Most of the time, it is neighborhood kids walking or biking to the park or neighbors out walking their dogs….which one would think is what exactly defines just that, a neighborhood rather than isolationist “foot traffic.”

Landscaping, yes, is the other story. Would definitely look into the value of already installed, good landscaping….

[Anonymous]

As someone who reads forum quite frequently and actually lives in this neighborhood, I felt compelled to contribute to this discussion.

Yes, the backyards are smaller along that side of the street. However, the tradeoff among the owners that live there is that they are afforded a very substantial 180 degree, panoramic sunset views to the west, northwest (sometimes, on clear days a sliver of ocean as well). And because of their siting, they also receive a near daily, cooling, gentle ocean breeze.

To each their own but the thinking for most of the owners here is that they love this neighborhood and accepted the yard size for the other qualities above and for not having to landscape, maintain and spend $$$ on a large lot when there is exactly a park within walking distance.

And I would respectively disagree with the above statement about cars parked up and down the street on weekends. Again as someone that actually lives in this neighborhood, I have noticed this happen exactly twice in the last year when there were soccer or baseball tournaments occurring. Most of the time, it is neighborhood kids walking or biking to the park or neighbors out walking their dogs….which one would think is what exactly defines just that, a neighborhood rather than isolationist “foot traffic.”

Landscaping, yes, is the other story. Would definitely look into the value of already installed, good landscaping….

[Anonymous]

As someone who reads forum quite frequently and actually lives in this neighborhood, I felt compelled to contribute to this discussion.

Yes, the backyards are smaller along that side of the street. However, the tradeoff among the owners that live there is that they are afforded a very substantial 180 degree, panoramic sunset views to the west, northwest (sometimes, on clear days a sliver of ocean as well). And because of their siting, they also receive a near daily, cooling, gentle ocean breeze.

To each their own but the thinking for most of the owners here is that they love this neighborhood and accepted the yard size for the other qualities above and for not having to landscape, maintain and spend $$$ on a large lot when there is exactly a park within walking distance.

And I would respectively disagree with the above statement about cars parked up and down the street on weekends. Again as someone that actually lives in this neighborhood, I have noticed this happen exactly twice in the last year when there were soccer or baseball tournaments occurring. Most of the time, it is neighborhood kids walking or biking to the park or neighbors out walking their dogs….which one would think is what exactly defines just that, a neighborhood rather than isolationist “foot traffic.”

Landscaping, yes, is the other story. Would definitely look into the value of already installed, good landscaping….

[Anonymous]

As someone who reads forum quite frequently and actually lives in this neighborhood, I felt compelled to contribute to this discussion.

Yes, the backyards are smaller along that side of the street. However, the tradeoff among the owners that live there is that they are afforded a very substantial 180 degree, panoramic sunset views to the west, northwest (sometimes, on clear days a sliver of ocean as well). And because of their siting, they also receive a near daily, cooling, gentle ocean breeze.

To each their own but the thinking for most of the owners here is that they love this neighborhood and accepted the yard size for the other qualities above and for not having to landscape, maintain and spend $$$ on a large lot when there is exactly a park within walking distance.

And I would respectively disagree with the above statement about cars parked up and down the street on weekends. Again as someone that actually lives in this neighborhood, I have noticed this happen exactly twice in the last year when there were soccer or baseball tournaments occurring. Most of the time, it is neighborhood kids walking or biking to the park or neighbors out walking their dogs….which one would think is what exactly defines just that, a neighborhood rather than isolationist “foot traffic.”

Landscaping, yes, is the other story. Would definitely look into the value of already installed, good landscaping….

[Anonymous]

As someone who reads forum quite frequently and actually lives in this neighborhood, I felt compelled to contribute to this discussion.

Yes, the backyards are smaller along that side of the street. However, the tradeoff among the owners that live there is that they are afforded a very substantial 180 degree, panoramic sunset views to the west, northwest (sometimes, on clear days a sliver of ocean as well). And because of their siting, they also receive a near daily, cooling, gentle ocean breeze.

To each their own but the thinking for most of the owners here is that they love this neighborhood and accepted the yard size for the other qualities above and for not having to landscape, maintain and spend $$$ on a large lot when there is exactly a park within walking distance.

And I would respectively disagree with the above statement about cars parked up and down the street on weekends. Again as someone that actually lives in this neighborhood, I have noticed this happen exactly twice in the last year when there were soccer or baseball tournaments occurring. Most of the time, it is neighborhood kids walking or biking to the park or neighbors out walking their dogs….which one would think is what exactly defines just that, a neighborhood rather than isolationist “foot traffic.”

Landscaping, yes, is the other story. Would definitely look into the value of already installed, good landscaping….

[bluehairdave]

[quote=familyguy][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

I tend to agree with you kcal, makes me wonder how this listing has lasted so long on the market. Anyone have any thoughts as to why it hasn’t sold?

http://www.sdlookup.com/MLS-110025247-15069_Almond_Orchard_Ln_San_Diego_CA_92131

Of course, there is this one that is only a few doors down. It seems to go on and off the market quite often, yet there has never been a sign in the front yard so without looking online no one would ever know it was for sale. What would be the point of not putting a sign out?

http://www.sdlookup.com/MLS-110028285-15080_Almond_Orchard_Ln_San_Diego_CA_92131%5B/quote%5D

As a family looking in the area we didnt like 1. that it was so close to the park that on weekends you have foot traffic and cars parked up and down the street. 2. The backyards are much smaller than what Serenity is now selling. 3. Why not spend 100k less and build out the home customized to what you want for a slightly smaller home. For us anything over 4500 sq ft would be overkill. 4k sqft is enough for any family short of the Brady Bunch for the most part. Builders in Stonebridge are offering enough in ‘incentives’ that you can pimp out the place on the inside within the sales price. The landscaping is another story..

[bluehairdave]

[quote=familyguy][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

I tend to agree with you kcal, makes me wonder how this listing has lasted so long on the market. Anyone have any thoughts as to why it hasn’t sold?

http://www.sdlookup.com/MLS-110025247-15069_Almond_Orchard_Ln_San_Diego_CA_92131

Of course, there is this one that is only a few doors down. It seems to go on and off the market quite often, yet there has never been a sign in the front yard so without looking online no one would ever know it was for sale. What would be the point of not putting a sign out?

http://www.sdlookup.com/MLS-110028285-15080_Almond_Orchard_Ln_San_Diego_CA_92131%5B/quote%5D

As a family looking in the area we didnt like 1. that it was so close to the park that on weekends you have foot traffic and cars parked up and down the street. 2. The backyards are much smaller than what Serenity is now selling. 3. Why not spend 100k less and build out the home customized to what you want for a slightly smaller home. For us anything over 4500 sq ft would be overkill. 4k sqft is enough for any family short of the Brady Bunch for the most part. Builders in Stonebridge are offering enough in ‘incentives’ that you can pimp out the place on the inside within the sales price. The landscaping is another story..

[bluehairdave]

[quote=familyguy][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

I tend to agree with you kcal, makes me wonder how this listing has lasted so long on the market. Anyone have any thoughts as to why it hasn’t sold?

http://www.sdlookup.com/MLS-110025247-15069_Almond_Orchard_Ln_San_Diego_CA_92131

Of course, there is this one that is only a few doors down. It seems to go on and off the market quite often, yet there has never been a sign in the front yard so without looking online no one would ever know it was for sale. What would be the point of not putting a sign out?

http://www.sdlookup.com/MLS-110028285-15080_Almond_Orchard_Ln_San_Diego_CA_92131%5B/quote%5D

As a family looking in the area we didnt like 1. that it was so close to the park that on weekends you have foot traffic and cars parked up and down the street. 2. The backyards are much smaller than what Serenity is now selling. 3. Why not spend 100k less and build out the home customized to what you want for a slightly smaller home. For us anything over 4500 sq ft would be overkill. 4k sqft is enough for any family short of the Brady Bunch for the most part. Builders in Stonebridge are offering enough in ‘incentives’ that you can pimp out the place on the inside within the sales price. The landscaping is another story..

[bluehairdave]

[quote=familyguy][quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

I tend to agree with you kcal, makes me wonder how this listing has lasted so long on the market. Anyone have any thoughts as to why it hasn’t sold?

http://www.sdlookup.com/MLS-110025247-15069_Almond_Orchard_Ln_San_Diego_CA_92131

Of course, there is this one that is only a few doors down. It seems to go on and off the market quite often, yet there has never been a sign in the front yard so without looking online no one would ever know it was for sale. What would be the point of not putting a sign out?

http://www.sdlookup.com/MLS-110028285-15080_Almond_Orchard_Ln_San_Diego_CA_92131%5B/quote%5D

As a family looking in the area we didnt like 1. that it was so close to the park that on weekends you have foot traffic and cars parked up and down the street. 2. The backyards are much smaller than what Serenity is now selling. 3. Why not spend 100k less and build out the home customized to what you want for a slightly smaller home. For us anything over 4500 sq ft would be overkill. 4k sqft is enough for any family short of the Brady Bunch for the most part. Builders in Stonebridge are offering enough in ‘incentives’ that you can pimp out the place on the inside within the sales price. The landscaping is another story..

[familyguy]

[quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

I tend to agree with you kcal, makes me wonder how this listing has lasted so long on the market. Anyone have any thoughts as to why it hasn’t sold?

http://www.sdlookup.com/MLS-110025247-15069_Almond_Orchard_Ln_San_Diego_CA_92131

Of course, there is this one that is only a few doors down. It seems to go on and off the market quite often, yet there has never been a sign in the front yard so without looking online no one would ever know it was for sale. What would be the point of not putting a sign out?

http://www.sdlookup.com/MLS-110028285-15080_Almond_Orchard_Ln_San_Diego_CA_92131

[familyguy]

[quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

I tend to agree with you kcal, makes me wonder how this listing has lasted so long on the market. Anyone have any thoughts as to why it hasn’t sold?

http://www.sdlookup.com/MLS-110025247-15069_Almond_Orchard_Ln_San_Diego_CA_92131

Of course, there is this one that is only a few doors down. It seems to go on and off the market quite often, yet there has never been a sign in the front yard so without looking online no one would ever know it was for sale. What would be the point of not putting a sign out?

http://www.sdlookup.com/MLS-110028285-15080_Almond_Orchard_Ln_San_Diego_CA_92131

[familyguy]

[quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

I tend to agree with you kcal, makes me wonder how this listing has lasted so long on the market. Anyone have any thoughts as to why it hasn’t sold?

http://www.sdlookup.com/MLS-110025247-15069_Almond_Orchard_Ln_San_Diego_CA_92131

Of course, there is this one that is only a few doors down. It seems to go on and off the market quite often, yet there has never been a sign in the front yard so without looking online no one would ever know it was for sale. What would be the point of not putting a sign out?

http://www.sdlookup.com/MLS-110028285-15080_Almond_Orchard_Ln_San_Diego_CA_92131

[familyguy]

[quote=kcal09]I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.[/quote]

I tend to agree with you kcal, makes me wonder how this listing has lasted so long on the market. Anyone have any thoughts as to why it hasn’t sold?

http://www.sdlookup.com/MLS-110025247-15069_Almond_Orchard_Ln_San_Diego_CA_92131

Of course, there is this one that is only a few doors down. It seems to go on and off the market quite often, yet there has never been a sign in the front yard so without looking online no one would ever know it was for sale. What would be the point of not putting a sign out?

http://www.sdlookup.com/MLS-110028285-15080_Almond_Orchard_Ln_San_Diego_CA_92131

[kcal09]

I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.

[kcal09]

I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.

[kcal09]

I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.

[kcal09]

I disagree, I think many people are happy to pay the MR to get a large new home. Poway does not have new homes except when you go up the mountain on Eastvale.