Mandolin Del Sur

[bree3355]

I know there have been a few topics on Del Sur previously. What does everyone think about the prices currently at Del Sur? Especially Mandolin? Is there other new construction that would be a better value in the below 600,000 range?

[ybitz]

I looked into Bridgewalk and Pasado (mid $500k SFH) in Del Sur not too long ago. I like the fact that the homes are new and modern, and close to shiny new schools. Selling price is *almost* reasonable, but the mello-roos and HOA kills me. I think they are at least $300/month, and some are even higher. Lots are small too.
How negotiable are new home prices? Can you make an offer lower than the listing price, like you can with existing home sales? Do the builders have a minimum price they will not go past, even if the market comp drops below that? Anyone thinks the price of these new houses at Del Sur will drop any more?
Bree3355…I’m curious too if there are other new constructions in the area below $600k.

[ybitz]

I looked into Bridgewalk and Pasado (mid $500k SFH) in Del Sur not too long ago. I like the fact that the homes are new and modern, and close to shiny new schools. Selling price is *almost* reasonable, but the mello-roos and HOA kills me. I think they are at least $300/month, and some are even higher. Lots are small too.
How negotiable are new home prices? Can you make an offer lower than the listing price, like you can with existing home sales? Do the builders have a minimum price they will not go past, even if the market comp drops below that? Anyone thinks the price of these new houses at Del Sur will drop any more?
Bree3355…I’m curious too if there are other new constructions in the area below $600k.

[ybitz]

I looked into Bridgewalk and Pasado (mid $500k SFH) in Del Sur not too long ago. I like the fact that the homes are new and modern, and close to shiny new schools. Selling price is *almost* reasonable, but the mello-roos and HOA kills me. I think they are at least $300/month, and some are even higher. Lots are small too.
How negotiable are new home prices? Can you make an offer lower than the listing price, like you can with existing home sales? Do the builders have a minimum price they will not go past, even if the market comp drops below that? Anyone thinks the price of these new houses at Del Sur will drop any more?
Bree3355…I’m curious too if there are other new constructions in the area below $600k.

[ybitz]

I looked into Bridgewalk and Pasado (mid $500k SFH) in Del Sur not too long ago. I like the fact that the homes are new and modern, and close to shiny new schools. Selling price is *almost* reasonable, but the mello-roos and HOA kills me. I think they are at least $300/month, and some are even higher. Lots are small too.
How negotiable are new home prices? Can you make an offer lower than the listing price, like you can with existing home sales? Do the builders have a minimum price they will not go past, even if the market comp drops below that? Anyone thinks the price of these new houses at Del Sur will drop any more?
Bree3355…I’m curious too if there are other new constructions in the area below $600k.

[ybitz]

I looked into Bridgewalk and Pasado (mid $500k SFH) in Del Sur not too long ago. I like the fact that the homes are new and modern, and close to shiny new schools. Selling price is *almost* reasonable, but the mello-roos and HOA kills me. I think they are at least $300/month, and some are even higher. Lots are small too.
How negotiable are new home prices? Can you make an offer lower than the listing price, like you can with existing home sales? Do the builders have a minimum price they will not go past, even if the market comp drops below that? Anyone thinks the price of these new houses at Del Sur will drop any more?
Bree3355…I’m curious too if there are other new constructions in the area below $600k.

[creechrr]

Is Mandolin the motor court condo thing? If so, what are they asking for them now?

I looked at those when they first opened. They were asking around $500K for them then (January 08, I think). I can’t justify that price point for that type of living. Especially combined with HOA and Mello-Roos. If I remember correctly, the combined tax rate was in the neighborhood of 1.7%.

I last drove by there a few months ago and there hadn’t been much construction going on in the area around Mandolin. The think the houses across the grassy area is called Pasado, they hadn’t done much with those either.

I wonder if they are having a hard time selling? I really want to like Del Sur but, the area seems so tightly packed and rediculously expensive even for North County.

While we are on the topic of Del Sur, does anyone know what is going on with the empty lots North side of Del Sur between Camino Del Sur and Paseo Del Sur? There has to be about 20 lots that have just been layed out with services but they are just sitting there.

[creechrr]

Is Mandolin the motor court condo thing? If so, what are they asking for them now?

I looked at those when they first opened. They were asking around $500K for them then (January 08, I think). I can’t justify that price point for that type of living. Especially combined with HOA and Mello-Roos. If I remember correctly, the combined tax rate was in the neighborhood of 1.7%.

I last drove by there a few months ago and there hadn’t been much construction going on in the area around Mandolin. The think the houses across the grassy area is called Pasado, they hadn’t done much with those either.

I wonder if they are having a hard time selling? I really want to like Del Sur but, the area seems so tightly packed and rediculously expensive even for North County.

While we are on the topic of Del Sur, does anyone know what is going on with the empty lots North side of Del Sur between Camino Del Sur and Paseo Del Sur? There has to be about 20 lots that have just been layed out with services but they are just sitting there.

[creechrr]

Is Mandolin the motor court condo thing? If so, what are they asking for them now?

I looked at those when they first opened. They were asking around $500K for them then (January 08, I think). I can’t justify that price point for that type of living. Especially combined with HOA and Mello-Roos. If I remember correctly, the combined tax rate was in the neighborhood of 1.7%.

I last drove by there a few months ago and there hadn’t been much construction going on in the area around Mandolin. The think the houses across the grassy area is called Pasado, they hadn’t done much with those either.

I wonder if they are having a hard time selling? I really want to like Del Sur but, the area seems so tightly packed and rediculously expensive even for North County.

While we are on the topic of Del Sur, does anyone know what is going on with the empty lots North side of Del Sur between Camino Del Sur and Paseo Del Sur? There has to be about 20 lots that have just been layed out with services but they are just sitting there.

[creechrr]

Is Mandolin the motor court condo thing? If so, what are they asking for them now?

I looked at those when they first opened. They were asking around $500K for them then (January 08, I think). I can’t justify that price point for that type of living. Especially combined with HOA and Mello-Roos. If I remember correctly, the combined tax rate was in the neighborhood of 1.7%.

I last drove by there a few months ago and there hadn’t been much construction going on in the area around Mandolin. The think the houses across the grassy area is called Pasado, they hadn’t done much with those either.

I wonder if they are having a hard time selling? I really want to like Del Sur but, the area seems so tightly packed and rediculously expensive even for North County.

While we are on the topic of Del Sur, does anyone know what is going on with the empty lots North side of Del Sur between Camino Del Sur and Paseo Del Sur? There has to be about 20 lots that have just been layed out with services but they are just sitting there.

[creechrr]

Is Mandolin the motor court condo thing? If so, what are they asking for them now?

I looked at those when they first opened. They were asking around $500K for them then (January 08, I think). I can’t justify that price point for that type of living. Especially combined with HOA and Mello-Roos. If I remember correctly, the combined tax rate was in the neighborhood of 1.7%.

I last drove by there a few months ago and there hadn’t been much construction going on in the area around Mandolin. The think the houses across the grassy area is called Pasado, they hadn’t done much with those either.

I wonder if they are having a hard time selling? I really want to like Del Sur but, the area seems so tightly packed and rediculously expensive even for North County.

While we are on the topic of Del Sur, does anyone know what is going on with the empty lots North side of Del Sur between Camino Del Sur and Paseo Del Sur? There has to be about 20 lots that have just been layed out with services but they are just sitting there.

[PKMAN]

I looked at Del Sur last year but didn’t like the community, as it was too far from highway or the civilization, in general. SEH is also far from highway but at least it got its own shops, supermarket and gas station. Del Sur was also loosely scattered across the landscape, unlike the master planned community of SEH or 4S Ranch.

Anyway, I stopped looking at any new housing community with MR, after realizing that deducting MR as property tax is illegal. I hear that builders at Del Sur, SEH, Sky Ranch of Santee and other large master planned community not yet near build-out are all having trouble securing additional financing from banks to continue on. This is bad because many HOA fees are initially high with expected decrease after build-out. Now these fees will remain high indefinitely.

[PKMAN]

I looked at Del Sur last year but didn’t like the community, as it was too far from highway or the civilization, in general. SEH is also far from highway but at least it got its own shops, supermarket and gas station. Del Sur was also loosely scattered across the landscape, unlike the master planned community of SEH or 4S Ranch.

Anyway, I stopped looking at any new housing community with MR, after realizing that deducting MR as property tax is illegal. I hear that builders at Del Sur, SEH, Sky Ranch of Santee and other large master planned community not yet near build-out are all having trouble securing additional financing from banks to continue on. This is bad because many HOA fees are initially high with expected decrease after build-out. Now these fees will remain high indefinitely.

[PKMAN]

I looked at Del Sur last year but didn’t like the community, as it was too far from highway or the civilization, in general. SEH is also far from highway but at least it got its own shops, supermarket and gas station. Del Sur was also loosely scattered across the landscape, unlike the master planned community of SEH or 4S Ranch.

Anyway, I stopped looking at any new housing community with MR, after realizing that deducting MR as property tax is illegal. I hear that builders at Del Sur, SEH, Sky Ranch of Santee and other large master planned community not yet near build-out are all having trouble securing additional financing from banks to continue on. This is bad because many HOA fees are initially high with expected decrease after build-out. Now these fees will remain high indefinitely.

[PKMAN]

I looked at Del Sur last year but didn’t like the community, as it was too far from highway or the civilization, in general. SEH is also far from highway but at least it got its own shops, supermarket and gas station. Del Sur was also loosely scattered across the landscape, unlike the master planned community of SEH or 4S Ranch.

Anyway, I stopped looking at any new housing community with MR, after realizing that deducting MR as property tax is illegal. I hear that builders at Del Sur, SEH, Sky Ranch of Santee and other large master planned community not yet near build-out are all having trouble securing additional financing from banks to continue on. This is bad because many HOA fees are initially high with expected decrease after build-out. Now these fees will remain high indefinitely.

[Author]

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