Also, HOA in Sky Ranch has been lowered from $342 to $308 per month! (Down from the $342/month)
“Efective July 1st, 2011 the association implemented the phase 20 Department of Real Estate (DRE) budget. The new budgeted assessment rate is $308.00″[/quote]
essentially sold for price of purchase circa 11/2008 + cost of pool.
Haven’t seen any postings lately about Santee. How are the homes at Skyranch selling right now? Are they still building new homes up there and what are the prices?
That little island rock with one house on top out there in the middle of Santee cracks me up. It looks 100 times funnier than it did before they built they hell out of the side of the surrounding mountains and the big malls came to town. That house used to belong to the richest dude in Santee.
Sky Ranch is selling well. All the Eaglepointe homes are sold out, all the Northstar condos are sold out, and they are selling the final phase and models of Crestview with great views looking West. Prices are in the low $500s to low $600s for Crestview 2400 to 3200 sq. ft. model homes. Low interest rates are keeping demand solid, or as solid as it can be for this time of the year and the real estate market in general.
They are hoping to get approval from Lennar to start building on the remaining Stoneridge lots, yet a decision doesn’t appear to have been made to date.
They may be sold out by the end of the year, until, if, when, Stoneridge plans are started back up. Hard to say on this one. If they get approval, you may see Stoneridge homes starting in the Spring of 2012.
This is from the UT. Apparently the Mayor thinks living in Santee is like living in La Jolla. Now if we can get him to say that it’s a ten minute commute.
[quote=recordsclerk]This is from the UT. Apparently the Mayor thinks living in Santee is like living in La Jolla. Now if we can get him to say that it’s a ten minute commute.
Interesting idea. So, you can get a primary resident loan, seal up that wall, and voila, you have a 1 bedroom apartment to rent out. The number might work out very well if you rent out that “apartment”.
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