Serenity Stonebridge Estate Scripps Ranch Home Pricing

[bearishgurl]

[quote=kkun]One question I am trying to decide:

Should I pay down Mello Roose?

Based on what I read in other posts, Mello Roos pay down is $~70k. My MR payment is $500 per month. If the MR Bond is for 30 more years from today, that comes to be ~8% annual interest rate. My alternative investment is not expected to yield 8% risk adjusted return for 30 years.

There is risk of MR increasing and extending the duration in future.

On the contrary, if I have to move (that’s possible if I get a better job) then I am not sure the buyer will be willing to pay $70k since he is getting a house without $500 MR payment required.

Thoughts and advices?[/quote]

kkun, if there is any chance of you selling in the next ten years to accept a better job elsewhere, don’t pay it off. You are correct in that a buyer will only pay what the recent sold comps will bear. As it stands, if your MR payoff remains at $70K, it will take 11 years, 8 months of ownership at the rate of $500 mo to pay $70K in MR (without interest).

[The-Shoveler]

[quote=Navydoc]Saw a coyote biking on Beeler Canyon this morning. About 2 weeks ago was biking back home in the afternoon passed to within 15 feet of one. I had always thought of coyotes as being slightly bigger than foxes. Thought the one I saw back then was a wolf. Damn thing was HUGE, probaly 70-80 lbs. I rolled over to the other side of the street before tackling the climb on the fire access road. I have never worried about my golden retriever’s ability to handle himself against a coyote, but now I’m not so sure.

Can’t wait to finish those side walls to keep those buggers out![/quote]

I have seen Rottweilers taken out by coyotes.

But In the same neighborhood my stupid Lab ran up to them wanting to play and they left him alone, go figure.

[The-Shoveler]

One or two notes!!

If you got Coyotes in the hood, best not to let small children play unsupervised or without a large adult near them.

I have heard of them grabbing small dogs from frail looking adults hands.

If they think they can take advantage or have the advantage (well don’t trust them).

[ocrenter]

[quote=The-Shoveler]One or two notes!!

If you got Coyotes in the hood, best not to let small children play unsupervised or without a large adult near them.

I have heard of them grabbing small dogs from frail looking adults hands.

If they think they can take advantage or have the advantage (well don’t trust them).[/quote]

For a while in and around Laguna Woods the coyotes routinely attacked small leashed dogs while the elderly owners were walking them. Classic example of taking advantage of frail and elderly owners. Once they get a taste of pets (fattier than your typical wild rabbits), they’ll stay around the neighborhood for more.

[sunny88]

After looking at every single new neighborhood from “Calabria” to the Toll Brothers we decided that Stonebridge was not for us. We did liked the homes a lot but did not like the location at all. Stonebridge is too remote and driving from Pomerado to the newer neighborhoods was a long drive. We also did not like the fact that there were no stores in Stonebridge. Many of the homes had views to power lines and the MR was the last straw that broke the camel’s back. We ended up buying a wonderful home in Poway.

[ocrenter]

[quote=sunny88]After looking at every single new neighborhood from “Calabria” to the Toll Brothers we decided that Stonebridge was not for us. We did liked the homes a lot but did not like the location at all. Stonebridge is too remote and driving from Pomerado to the newer neighborhoods was a long drive. We also did not like the fact that there were no stores in Stonebridge. Many of the homes had views to power lines and the MR was the last straw that broke the camel’s back. We ended up buying a wonderful home in Poway.[/quote]

Poway is a beautiful city with a lot to offer. I personally think you can’t go wrong with the entire 56/Ted Williams corridor from the I-5 to the 67. Congratulations on your wonderful home.

[UCGal]

[quote=Navydoc]Saw a coyote biking on Beeler Canyon this morning. [/quote]

What kind of bike was the coyote riding?

(Sorry – couldn’t resist.)

[sdsean01]

Long time lurker, first time poster. We been looking for a house in 4s, and Scripps Ranch for good 6 months. Our factors going in were

1) Family neighbourhood.
2) No free-way noise, and no busy streets. Lived in Mission Valley for a while.
3) Newer home.
4) Decent size backyard.
5) Good school district.

We picked Stonebridge over 4s areas for the following reasons.

– Just feels away. For the first few visits it felt out of the way. I guess that is why we kept going back :).
– Decent size yards, both front and back.
– Poway school district.
– Hike right off your house.
– We looked through all the builders who have projects in Stonebridge, and found Tollbrothers product far more superior for the price, and got to pick stuff.

4s has newer homes as well but it just feels very closely built.

MR in Stonebridge is high, but I felt it is priced in to greater extent, comparatively. For e.g. Older home no MR, and close to Pomerado proximity was around $260+ PPSF.

Yes there are areas/divisions which suffer from Power lines, so watchout.

Glad to see happy Stonebridge campers on board.

[Navydoc]

The Toll Brothers houses are actually 3 miles off of Pomerado, but it’s amazing how quickly you get used to it. Once I make the turn onto Stonebridge Parkway I feel like I’m home. Are you guys still building, or have you moved in yet? We finally got our landscaping started, approval took 3 months.

And the coyote was on foot, I think I could’ve taken him if he was on a bike as well 🙂

[kkun]

Congratulations Sunny88 on your new home!

Your points are valid. At the end of the day we assign different weights to different factors to arrive at decisions. That’s perfectly normal. Actually that makes our lives better. Otherwise we all will go after the same house and drive the price higher..

[upwardspiral]

A coyote crossed the trail in front of me while riding a mountain bike on Sycamore Canyon in the same place twice (on my way out and way back). I think it was it’s hunting spot. It was probably only 40 lbs, but was incredibly fast and definitely got my adrenaline pumping. I would not want to run into a 70+ lb coyote.

One of my college’s lives near Escondido and told me that a coyote jumped over a five foot fence into his neighbors yard and it killed his neighbors small dog. Sad.

[flyer]

Agree with the variety of comments concerning choosing a home. It’s definitely not a “one size fits all” decision. When we moved to RSF many years ago, people thought we were moving to the middle of nowhere–and we now marvel at how the surrounding areas have grown up around us in the last 20+ years.

We have some very good friends who looked at Stonebridge and decided to buy elsewhere, because they finally decided they did not want to live east of I-15 because of fires, and for several other reasons. It cost them more to find a large lot overlooking a golf course in CV, but, they too, are very happy with their decision.

[ocrenter]

[quote=sdsean01]Long time lurker, first time poster. We been looking for a house in 4s, and Scripps Ranch for good 6 months. Our factors going in were

1) Family neighbourhood.
2) No free-way noise, and no busy streets. Lived in Mission Valley for a while.
3) Newer home.
4) Decent size backyard.
5) Good school district.

We picked Stonebridge over 4s areas for the following reasons.

– Just feels away. For the first few visits it felt out of the way. I guess that is why we kept going back :).
– Decent size yards, both front and back.
– Poway school district.
– Hike right off your house.
– We looked through all the builders who have projects in Stonebridge, and found Tollbrothers product far more superior for the price, and got to pick stuff.

4s has newer homes as well but it just feels very closely built.

MR in Stonebridge is high, but I felt it is priced in to greater extent, comparatively. For e.g. Older home no MR, and close to Pomerado proximity was around $260+ PPSF.

Yes there are areas/divisions which suffer from Power lines, so watchout.

Glad to see happy Stonebridge campers on board.[/quote]

for a while Stonebridge offered the best value for the dollar precisely because so many people had negative preconceived notion about the location. For the longest time, Scripps Ranch residents did not consider Stonebridge as part of Scripps Ranch.

As the market improves, as the community matures, and as the lots get built out, that price value is gradually going away.

[upwardspiral]

It is interesting to see how Stonebridge and Scripps Ranch have started to embrace each other. I went to a Scripps Ranch Elementary school fund raiser at a home in Stonebridge.

When we moved to SB, I had assumed that we would consider ourselves to be a part of Poway due to the fact we are in the PUSD. Did not turn out that way. When asked, I tell people I live in Scripps Ranch and elaborate from there if that person knows Scripps Ranch.

[Anonymous]

who did you finally get home insurance from?

Which other companies are currently insuring homes in Stonebridge>

[Author]

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