San Elijo Hills Analysis

[New_Renter]

SD Realtor, I know for fact that when you buy a lot in Santaluz you have the option of paying off the Mello-Roos up-front. It varies by lot, but it was roughly $100K. This was versus paying around $8500/yr. on the Mellow-Roos bond for 30 years.

[eyePod]

That’s about 7.5% interest rate. Outrageous

[eyePod]

That’s about 7.5% interest rate. Outrageous

[eyePod]

That’s about 7.5% interest rate. Outrageous

[eyePod]

That’s about 7.5% interest rate. Outrageous

[eyePod]

That’s about 7.5% interest rate. Outrageous

[SD Realtor]

New_renter – Please see my post on Mello Roos. I did find evidence that you can indeed pay up front. Every year the Mello Roos fees are determined but there is a cap on the max rate. In order to payoff the Mello Roos up front you pay the max rate for the life of the bond up front.

Yep indeed you can do it.

SD Realtor

[SD Realtor]

New_renter – Please see my post on Mello Roos. I did find evidence that you can indeed pay up front. Every year the Mello Roos fees are determined but there is a cap on the max rate. In order to payoff the Mello Roos up front you pay the max rate for the life of the bond up front.

Yep indeed you can do it.

SD Realtor

[SD Realtor]

New_renter – Please see my post on Mello Roos. I did find evidence that you can indeed pay up front. Every year the Mello Roos fees are determined but there is a cap on the max rate. In order to payoff the Mello Roos up front you pay the max rate for the life of the bond up front.

Yep indeed you can do it.

SD Realtor

[SD Realtor]

New_renter – Please see my post on Mello Roos. I did find evidence that you can indeed pay up front. Every year the Mello Roos fees are determined but there is a cap on the max rate. In order to payoff the Mello Roos up front you pay the max rate for the life of the bond up front.

Yep indeed you can do it.

SD Realtor

[SD Realtor]

New_renter – Please see my post on Mello Roos. I did find evidence that you can indeed pay up front. Every year the Mello Roos fees are determined but there is a cap on the max rate. In order to payoff the Mello Roos up front you pay the max rate for the life of the bond up front.

Yep indeed you can do it.

SD Realtor

[waiting for bottom]

So even though we have buyers on Crescent and Sundance making unbelievably terrible purchases, let’s go up past the town center and see what’s happening near Questhaven…where the Mello Roos will hit you around $4500.

Selling for less than purchase price:
1531 Clifftop – $590K – $223 sq/ft – Sold $782K 3/05 (-25%)
1098 Brightwood – $599K – $233 sq/ft – Sold $762K 11/04 (-21%)
704 Hollowbrook – $635K – $226 sq/ft – Sold $754K 1/06 (-16%)
726 Leeward – $648K – $216 sq/ft – Sold $760K 3/06 (-15%)
979 Baylor – $727K – $217 sq/ft – Sold $771K 6/04 (-6%) PENDING SALE – Congrats, good luck with that one.
878 Antilla – $740K – $224 sq/ft – Sold $819K 4/05 (-10%)
855 Antilla – $699K – $194 sq/ft – Sold $872K 7/05 (-20%)
871 Antilla – $750K – $220 sq/ft – Sold $865K 3/05 (-13%)
1419 Eclipse – $750K – $229 sq/ft – Sold $885K 10/06 (-15%)

On track to sell by 2020:
1005 Brightwood – $699K – $243 sq/ft – Sold $856K 3/05 (-18%)
1089 Brightwood – $699K – $246 sq/ft – Sold $800K 11/04 (-13%)
1474 Anchor – $725K – $258 sq/ft – No sale available (Gorgeous house with ocean view but get real)
1085 Brightwood – $699K – $264 sq/ft – Sold $745K 11/04 (-6%)
1079 Grain Mill – $699K – $270 sq/ft – Sold $654K 6/05 (+7%)
948 Citrine – $750K – $283 sq/ft – Sold $717K 4/06 (+5%)

Folks, I don’t even know where to start here. 13 of 15 for sale in the hood are below purchase price. 1 sale pending. 6 overpriced (althoug 5 have really nice views). I guess my only advice is not to buy on Brightwood. Oh, and maybe tell your friends on Grain Mill and Citrine that they won’t be able to fetch a profit in these conditions.

[waiting for bottom]

So even though we have buyers on Crescent and Sundance making unbelievably terrible purchases, let’s go up past the town center and see what’s happening near Questhaven…where the Mello Roos will hit you around $4500.

Selling for less than purchase price:
1531 Clifftop – $590K – $223 sq/ft – Sold $782K 3/05 (-25%)
1098 Brightwood – $599K – $233 sq/ft – Sold $762K 11/04 (-21%)
704 Hollowbrook – $635K – $226 sq/ft – Sold $754K 1/06 (-16%)
726 Leeward – $648K – $216 sq/ft – Sold $760K 3/06 (-15%)
979 Baylor – $727K – $217 sq/ft – Sold $771K 6/04 (-6%) PENDING SALE – Congrats, good luck with that one.
878 Antilla – $740K – $224 sq/ft – Sold $819K 4/05 (-10%)
855 Antilla – $699K – $194 sq/ft – Sold $872K 7/05 (-20%)
871 Antilla – $750K – $220 sq/ft – Sold $865K 3/05 (-13%)
1419 Eclipse – $750K – $229 sq/ft – Sold $885K 10/06 (-15%)

On track to sell by 2020:
1005 Brightwood – $699K – $243 sq/ft – Sold $856K 3/05 (-18%)
1089 Brightwood – $699K – $246 sq/ft – Sold $800K 11/04 (-13%)
1474 Anchor – $725K – $258 sq/ft – No sale available (Gorgeous house with ocean view but get real)
1085 Brightwood – $699K – $264 sq/ft – Sold $745K 11/04 (-6%)
1079 Grain Mill – $699K – $270 sq/ft – Sold $654K 6/05 (+7%)
948 Citrine – $750K – $283 sq/ft – Sold $717K 4/06 (+5%)

Folks, I don’t even know where to start here. 13 of 15 for sale in the hood are below purchase price. 1 sale pending. 6 overpriced (althoug 5 have really nice views). I guess my only advice is not to buy on Brightwood. Oh, and maybe tell your friends on Grain Mill and Citrine that they won’t be able to fetch a profit in these conditions.

[waiting for bottom]

So even though we have buyers on Crescent and Sundance making unbelievably terrible purchases, let’s go up past the town center and see what’s happening near Questhaven…where the Mello Roos will hit you around $4500.

Selling for less than purchase price:
1531 Clifftop – $590K – $223 sq/ft – Sold $782K 3/05 (-25%)
1098 Brightwood – $599K – $233 sq/ft – Sold $762K 11/04 (-21%)
704 Hollowbrook – $635K – $226 sq/ft – Sold $754K 1/06 (-16%)
726 Leeward – $648K – $216 sq/ft – Sold $760K 3/06 (-15%)
979 Baylor – $727K – $217 sq/ft – Sold $771K 6/04 (-6%) PENDING SALE – Congrats, good luck with that one.
878 Antilla – $740K – $224 sq/ft – Sold $819K 4/05 (-10%)
855 Antilla – $699K – $194 sq/ft – Sold $872K 7/05 (-20%)
871 Antilla – $750K – $220 sq/ft – Sold $865K 3/05 (-13%)
1419 Eclipse – $750K – $229 sq/ft – Sold $885K 10/06 (-15%)

On track to sell by 2020:
1005 Brightwood – $699K – $243 sq/ft – Sold $856K 3/05 (-18%)
1089 Brightwood – $699K – $246 sq/ft – Sold $800K 11/04 (-13%)
1474 Anchor – $725K – $258 sq/ft – No sale available (Gorgeous house with ocean view but get real)
1085 Brightwood – $699K – $264 sq/ft – Sold $745K 11/04 (-6%)
1079 Grain Mill – $699K – $270 sq/ft – Sold $654K 6/05 (+7%)
948 Citrine – $750K – $283 sq/ft – Sold $717K 4/06 (+5%)

Folks, I don’t even know where to start here. 13 of 15 for sale in the hood are below purchase price. 1 sale pending. 6 overpriced (althoug 5 have really nice views). I guess my only advice is not to buy on Brightwood. Oh, and maybe tell your friends on Grain Mill and Citrine that they won’t be able to fetch a profit in these conditions.

[waiting for bottom]

So even though we have buyers on Crescent and Sundance making unbelievably terrible purchases, let’s go up past the town center and see what’s happening near Questhaven…where the Mello Roos will hit you around $4500.

Selling for less than purchase price:
1531 Clifftop – $590K – $223 sq/ft – Sold $782K 3/05 (-25%)
1098 Brightwood – $599K – $233 sq/ft – Sold $762K 11/04 (-21%)
704 Hollowbrook – $635K – $226 sq/ft – Sold $754K 1/06 (-16%)
726 Leeward – $648K – $216 sq/ft – Sold $760K 3/06 (-15%)
979 Baylor – $727K – $217 sq/ft – Sold $771K 6/04 (-6%) PENDING SALE – Congrats, good luck with that one.
878 Antilla – $740K – $224 sq/ft – Sold $819K 4/05 (-10%)
855 Antilla – $699K – $194 sq/ft – Sold $872K 7/05 (-20%)
871 Antilla – $750K – $220 sq/ft – Sold $865K 3/05 (-13%)
1419 Eclipse – $750K – $229 sq/ft – Sold $885K 10/06 (-15%)

On track to sell by 2020:
1005 Brightwood – $699K – $243 sq/ft – Sold $856K 3/05 (-18%)
1089 Brightwood – $699K – $246 sq/ft – Sold $800K 11/04 (-13%)
1474 Anchor – $725K – $258 sq/ft – No sale available (Gorgeous house with ocean view but get real)
1085 Brightwood – $699K – $264 sq/ft – Sold $745K 11/04 (-6%)
1079 Grain Mill – $699K – $270 sq/ft – Sold $654K 6/05 (+7%)
948 Citrine – $750K – $283 sq/ft – Sold $717K 4/06 (+5%)

Folks, I don’t even know where to start here. 13 of 15 for sale in the hood are below purchase price. 1 sale pending. 6 overpriced (althoug 5 have really nice views). I guess my only advice is not to buy on Brightwood. Oh, and maybe tell your friends on Grain Mill and Citrine that they won’t be able to fetch a profit in these conditions.

[Author]

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