Mission Ranch Estates – 4S Ranch

[bobby]

HOA of $85 for a million dollar property? Sounds low. May want to check the figures again. Wouldnt want to be surprised AFTER the house is purchased.

[OntheSideLine]

Yes it is the general 4S HOA and Mello Roos of 1.5% instead of the 1.7% that most of the N side pays…Yes the lots are overall bigger on the S side however I like the parks on the N side better. The water park, movies in the park, July 4th festival, and Easter Hunt are all in the N side. Once the trees mature… I agree that the area will look different.

[ltsddd]

[quote=craptcha][quote=ltsdd]

Somewhat a thread-jack: Where does the trail to lake hodges started in 4s?[/quote]

You can get to the trail through the pocket park at the end of Hunters Ridge Rd (two blocks from the new Liberty park which could use restroom facilities). It is more of a natural trail, not as developed as the one on the south side that goes from Camino San Bernardo to Oak Valley school.[/quote]

Thanks.

[ocrenter]

http://www.sdlookup.com/MLS-120046477-17829_Ralphs_Ranch_Rd_San_Diego_CA_92127

I see they listed this on the MLS

[mp7444]

interesting! I thought they are selling very quickly. I guess it’s a new trend to help them sell even quicker. The house isn’t even built yet.

We went to see the model. IMHO, CalWest previous homes, Monteluz, seems to be as beautiful (and perhaps $200K less…), except that they have smaller lots, that’s all. I didn’t have those special feelings as for touring a-million-dollar homes, as I had when visiting those new homes in Scripps Ranch a couple of years back. The models are beautiful though.

[ocrenter]

http://www.sdlookup.com/MLS-120046200-9117_White_Alder_Ct_San_Diego_CA_92127

Here’s the larger resale Santa Fe Valley home on 1/2 acre for $200k more.

Too bad this one backs up to camino del sur…

[OntheSideLine]

This is from the phase 1 release. It is one of the few homes that have neighbor’s on both sides and neighbors behind. It is one of the “smaller” lot at almost 15,000 sq ft. It was also initially priced at 944,000 before the builder added options. It was the lowest price home released. All the more expensive homes with larger lot sizes or no neighbor’s behind have sold. They had the grand opening at the end of August and have sold 10 out of 12 homes…as of early this week…including the highest price lot. The lots with the most privacy or biggest lots were taken first. 10 out of 12 wih an average price of 1 million or so in less than 1 month seems pretty good to me.

[joec]

[quote=OntheSideLine]This is from the phase 1 release. It is one of the few homes that have neighbor’s on both sides and neighbors behind. It is one of the “smaller” lot at almost 15,000 sq ft. It was also initially priced at 944,000 before the builder added options. It was the lowest price home released. All the more expensive homes with larger lot sizes or no neighbor’s behind have sold. They had the grand opening at the end of August and have sold 10 out of 12 homes…as of early this week…including the highest price lot. The lots with the most privacy or biggest lots were taken first. 10 out of 12 wih an average price of 1 million or so in less than 1 month seems pretty good to me.[/quote]

Yeah, it’s selling fast IMO…I think the last few 4s homes had lots up to 20k as well so this one probably isn’t as great of a deal…How many phases are there?

With stock market at 5 year highs, I think people buying these homes wouldn’t have trouble.

[OntheSideLine]

Ivy Gate vs Mission Ranch

Similar square footage…looking at 300-400k difference…

I think the homes in Ivy Gate were more impressive…but not to that price difference.

http://www.sdlookup.com/MLS-120046240-16344_Winecreek_Rd_San_Diego_CA_92127

Mission Ranch has 4 phases then the models….so 2 more phases left. They are almost sold out of 2 phases…halfway there.

[ocrenter]

[quote=OntheSideLine]Ivy Gate vs Mission Ranch

Similar square footage…looking at 300-400k difference…

I think the homes in Ivy Gate were more impressive…but not to that price difference.

http://www.sdlookup.com/MLS-120046240-16344_Winecreek_Rd_San_Diego_CA_92127

Mission Ranch has 4 phases then the models….so 2 more phases left. They are almost sold out of 2 phases…halfway there.[/quote]

That appears to be the wishing price. But with no other Ivy Gate homes for sale in the last 6 months, they can do that…

Btw, I can’t blame you for wanting to buy new. We have a 3.5 year old house, yesterday’s indoor temp maxed at 84 for upstairs and 83 for downstairs, a full 20 degree less than outdoor temp. The insulation in these newer homes are just crazy amazing!

[OntheSideLine]

I wouldn’t mind resale except that there has been not been a resale in the area that I wanted that did not requisite floors to be redone, a different granite in the kitchen, newer appliances, and new paint….About. 40-50k and we didn’t even include cabinets. And the short sales/foreclosures always have shown signs of neglect…people who either didn’t want to take care of their homes or didn’t have the money to maintain…We figured Mission Ranch is about 100k overpriced but we can pick everything we want and slowly do upgrades….planning to take standard flooring and then replace later. We are mainly going to do structural upgrades with builder and do cosmetic upgrades after market. We signed the contract and are content.

[OntheSideLine]

I wouldn’t mind resale except that there has been not been a resale in the area that I wanted that did not requisite floors to be redone, a different granite in the kitchen, newer appliances, and new paint….About. 40-50k and we didn’t even include cabinets. And the short sales/foreclosures always have shown signs of neglect…people who either didn’t want to take care of their homes or didn’t have the money to maintain…We figured Mission Ranch is about 100k overpriced but we can pick everything we want and slowly do upgrades….planning to take standard flooring and then replace later. We are mainly going to do structural upgrades with builder and do cosmetic upgrades after market. We signed the contract and are content.

[ocrenter]

[quote=OntheSideLine]I wouldn’t mind resale except that there has been not been a resale in the area that I wanted that did not requisite floors to be redone, a different granite in the kitchen, newer appliances, and new paint….About. 40-50k and we didn’t even include cabinets. And the short sales/foreclosures always have shown signs of neglect…people who either didn’t want to take care of their homes or didn’t have the money to maintain…We figured Mission Ranch is about 100k overpriced but we can pick everything we want and slowly do upgrades….planning to take standard flooring and then replace later. We are mainly going to do structural upgrades with builder and do cosmetic upgrades after market. We signed the contract and are content.[/quote]

Congrats on the purchase, has to be very exciting time for you guys.

BTW, that bel etage home I linked to earlier was purchased brand new in 2001 for 850k at average interest rate of 7%, yielding a monthly mortgage of $4500 in 2001 dollar, or $5800 in 2012 dollar.

Whereas if your purchase price is $1 million, at jumbo rate of 4%, your monthly mortgage would be $3800.

[OntheSideLine]

Thanks ocrenter…I was a former BMT reader and loved your blog…that is why we are buying…low interest rates makes this a once in a lifetime opportunity…we are planning to stay in this home for the long term.

[ocrenter]

[quote=OntheSideLine]Thanks ocrenter…I was a former BMT reader and loved your blog…that is why we are buying…low interest rates makes this a once in a lifetime opportunity…we are planning to stay in this home for the long term.[/quote]

you’re right, another reason why they have already sold so many within just 3 weeks. it is actually quite fun planning and building up the landscape. you’ll have a blast!

[Author]

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