Santaluz Mello-Roos Payoff

[faterikcartman]

In another topic Newbiz said the Mello-Roos payoff for custom homesites in Santaluz is about $100,000. Can he, or anyone else verify this is accurate info?

I’m waiting on a SS lot somewhere else but a decent deal on a house in Santaluz is a back-up and I would like a clear idea of Mello-Roos payoff amounts to properly value the deal. Thanks in advance.

[permabear]

I checked into this – actually called the tax consultant that is responsible for administering the Santaluz MR district.

It is approximately $90,000. It depends on how much has been paid so far, etc.

What killed Santaluz for me was the building restrictions which greatly limit what you can build and add huge costs. Items like hand-laid clay roofs, double walls, and true divided light windows push costs up. Make sure you get a quote from a GC who has worked in Santaluz before. Anything less than around $225/ft is unrealistic.

If you are interested, I’m actually aware of a pocket (off-MLS) listing on Northern Lights for a great lot at a great price. PM me if you are interested and I will send you the details. I’m not a realtor, but I was working with one who told me about this listing.

[permabear]

I checked into this – actually called the tax consultant that is responsible for administering the Santaluz MR district.

It is approximately $90,000. It depends on how much has been paid so far, etc.

What killed Santaluz for me was the building restrictions which greatly limit what you can build and add huge costs. Items like hand-laid clay roofs, double walls, and true divided light windows push costs up. Make sure you get a quote from a GC who has worked in Santaluz before. Anything less than around $225/ft is unrealistic.

If you are interested, I’m actually aware of a pocket (off-MLS) listing on Northern Lights for a great lot at a great price. PM me if you are interested and I will send you the details. I’m not a realtor, but I was working with one who told me about this listing.

[permabear]

I checked into this – actually called the tax consultant that is responsible for administering the Santaluz MR district.

It is approximately $90,000. It depends on how much has been paid so far, etc.

What killed Santaluz for me was the building restrictions which greatly limit what you can build and add huge costs. Items like hand-laid clay roofs, double walls, and true divided light windows push costs up. Make sure you get a quote from a GC who has worked in Santaluz before. Anything less than around $225/ft is unrealistic.

If you are interested, I’m actually aware of a pocket (off-MLS) listing on Northern Lights for a great lot at a great price. PM me if you are interested and I will send you the details. I’m not a realtor, but I was working with one who told me about this listing.

[permabear]

I checked into this – actually called the tax consultant that is responsible for administering the Santaluz MR district.

It is approximately $90,000. It depends on how much has been paid so far, etc.

What killed Santaluz for me was the building restrictions which greatly limit what you can build and add huge costs. Items like hand-laid clay roofs, double walls, and true divided light windows push costs up. Make sure you get a quote from a GC who has worked in Santaluz before. Anything less than around $225/ft is unrealistic.

If you are interested, I’m actually aware of a pocket (off-MLS) listing on Northern Lights for a great lot at a great price. PM me if you are interested and I will send you the details. I’m not a realtor, but I was working with one who told me about this listing.

[permabear]

I checked into this – actually called the tax consultant that is responsible for administering the Santaluz MR district.

It is approximately $90,000. It depends on how much has been paid so far, etc.

What killed Santaluz for me was the building restrictions which greatly limit what you can build and add huge costs. Items like hand-laid clay roofs, double walls, and true divided light windows push costs up. Make sure you get a quote from a GC who has worked in Santaluz before. Anything less than around $225/ft is unrealistic.

If you are interested, I’m actually aware of a pocket (off-MLS) listing on Northern Lights for a great lot at a great price. PM me if you are interested and I will send you the details. I’m not a realtor, but I was working with one who told me about this listing.

[faterikcartman]

Just wrote a long, long reply, only to hit the wrong key and lose it all. $%#@! Suffice to say, thank you mucho! We’ll just add that amount on to the cost of the primary mortgage when evaluating the deal rather than look at it as an additional tax, which is just too much to bear psychologically. The place in Santaluz is a completed home on a custom lot (as opposed to some other homes in Santaluz. The lot we’re looking at is in another part of the county. Do you think $225 is a reasonable number for a high-end build elsewhere? We know people that paid waaay over $1,000 sq/ft, but their place is a jaw dropper featured in a magazine. Hard to know what will do as the number we used to hear was “$350” but suspect prices have gone down.

[faterikcartman]

Just wrote a long, long reply, only to hit the wrong key and lose it all. $%#@! Suffice to say, thank you mucho! We’ll just add that amount on to the cost of the primary mortgage when evaluating the deal rather than look at it as an additional tax, which is just too much to bear psychologically. The place in Santaluz is a completed home on a custom lot (as opposed to some other homes in Santaluz. The lot we’re looking at is in another part of the county. Do you think $225 is a reasonable number for a high-end build elsewhere? We know people that paid waaay over $1,000 sq/ft, but their place is a jaw dropper featured in a magazine. Hard to know what will do as the number we used to hear was “$350” but suspect prices have gone down.

[faterikcartman]

Just wrote a long, long reply, only to hit the wrong key and lose it all. $%#@! Suffice to say, thank you mucho! We’ll just add that amount on to the cost of the primary mortgage when evaluating the deal rather than look at it as an additional tax, which is just too much to bear psychologically. The place in Santaluz is a completed home on a custom lot (as opposed to some other homes in Santaluz. The lot we’re looking at is in another part of the county. Do you think $225 is a reasonable number for a high-end build elsewhere? We know people that paid waaay over $1,000 sq/ft, but their place is a jaw dropper featured in a magazine. Hard to know what will do as the number we used to hear was “$350” but suspect prices have gone down.

[faterikcartman]

Just wrote a long, long reply, only to hit the wrong key and lose it all. $%#@! Suffice to say, thank you mucho! We’ll just add that amount on to the cost of the primary mortgage when evaluating the deal rather than look at it as an additional tax, which is just too much to bear psychologically. The place in Santaluz is a completed home on a custom lot (as opposed to some other homes in Santaluz. The lot we’re looking at is in another part of the county. Do you think $225 is a reasonable number for a high-end build elsewhere? We know people that paid waaay over $1,000 sq/ft, but their place is a jaw dropper featured in a magazine. Hard to know what will do as the number we used to hear was “$350” but suspect prices have gone down.

[faterikcartman]

Just wrote a long, long reply, only to hit the wrong key and lose it all. $%#@! Suffice to say, thank you mucho! We’ll just add that amount on to the cost of the primary mortgage when evaluating the deal rather than look at it as an additional tax, which is just too much to bear psychologically. The place in Santaluz is a completed home on a custom lot (as opposed to some other homes in Santaluz. The lot we’re looking at is in another part of the county. Do you think $225 is a reasonable number for a high-end build elsewhere? We know people that paid waaay over $1,000 sq/ft, but their place is a jaw dropper featured in a magazine. Hard to know what will do as the number we used to hear was “$350” but suspect prices have gone down.

[permabear]

From speaking with several GC’s, I think you can do $200-250/ft and get a very nice home. I will PM you the name of a contractor I got here from a fellow Pigg. This guy won “builder of the year” for a 12,000 sq ft home in Carlsbad that is decked out to the nines and was done under $200/ft.

One thing to keep in mind is $/ft doesn’t scale linearly. Smaller houses will be more because you still have a kitchen, garage, foundation, water heater, permits, etc. You get big economy of scale at 4500 ft+. At 3000 ft I would expect around $250/ft. But this GC just built an unbelievable 7000 ft estate in Poway for $185/ft.

[permabear]

From speaking with several GC’s, I think you can do $200-250/ft and get a very nice home. I will PM you the name of a contractor I got here from a fellow Pigg. This guy won “builder of the year” for a 12,000 sq ft home in Carlsbad that is decked out to the nines and was done under $200/ft.

One thing to keep in mind is $/ft doesn’t scale linearly. Smaller houses will be more because you still have a kitchen, garage, foundation, water heater, permits, etc. You get big economy of scale at 4500 ft+. At 3000 ft I would expect around $250/ft. But this GC just built an unbelievable 7000 ft estate in Poway for $185/ft.

[permabear]

From speaking with several GC’s, I think you can do $200-250/ft and get a very nice home. I will PM you the name of a contractor I got here from a fellow Pigg. This guy won “builder of the year” for a 12,000 sq ft home in Carlsbad that is decked out to the nines and was done under $200/ft.

One thing to keep in mind is $/ft doesn’t scale linearly. Smaller houses will be more because you still have a kitchen, garage, foundation, water heater, permits, etc. You get big economy of scale at 4500 ft+. At 3000 ft I would expect around $250/ft. But this GC just built an unbelievable 7000 ft estate in Poway for $185/ft.

[permabear]

From speaking with several GC’s, I think you can do $200-250/ft and get a very nice home. I will PM you the name of a contractor I got here from a fellow Pigg. This guy won “builder of the year” for a 12,000 sq ft home in Carlsbad that is decked out to the nines and was done under $200/ft.

One thing to keep in mind is $/ft doesn’t scale linearly. Smaller houses will be more because you still have a kitchen, garage, foundation, water heater, permits, etc. You get big economy of scale at 4500 ft+. At 3000 ft I would expect around $250/ft. But this GC just built an unbelievable 7000 ft estate in Poway for $185/ft.

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