Skyranch in Santee

[ocrenter]

[quote=AN]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”.[/quote]

Best part is you’ll be able to charge LJ adjacent rent!

[an]

[quote=ocrenter][quote=AN]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”.[/quote]

Best part is you’ll be able to charge LJ adjacent rent![/quote]
I’m actually seriously interested in this design and wonder if it’ll catch on. Especially in more desirable areas. Imagine for a second, a 3000 sq-ft house in Carmel Valley current selling for $800k, downing 20% and getting a 30 year fixed FHA loan, your payment would be around $3800. That 1 bedroom + garage apartment can easily rent out for at least $1600 if not $1800. So, in essence, you get to live in your 2200-2400 sq-ft house with net payment of ~$2k. That’s unheard of in an area like Carmel Valley.

[ocrenter]

[quote=AN][quote=ocrenter][quote=AN]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”.[/quote]

Best part is you’ll be able to charge LJ adjacent rent![/quote]
I’m actually seriously interested in this design and wonder if it’ll catch on. Especially in more desirable areas. Imagine for a second, a 3000 sq-ft house in Carmel Valley current selling for $800k, downing 20% and getting a 30 year fixed FHA loan, your payment would be around $3800. That 1 bedroom + garage apartment can easily rent out for at least $1600 if not $1800. So, in essence, you get to live in your 2200-2400 sq-ft house with net payment of ~$2k. That’s unheard of in an area like Carmel Valley.[/quote]

It would pencil out nicely, except rent does have to include utilities. It is almost like the good old days of building a casita in the backyard and renting it out, except the builder already did it for you 90% of the way. I do wonder about how the neighbors would feel about it. I suppose since the tenant will have his or her own garage, it wouldn’t matter too much. The income would be under the table as well…

Hey flu, found a tax lopehole for you! 🙂

[sdrealtor]

Next gen homes? Try old news. hey have been building homes with separate one br guesthouses and garages in Carlsbad for a while. It’s how they help meet affordable housing quotas

[SkyRanchOwner]

[quote=ocrenter]http://www.sdlookup.com/MLS-120020529-6137_Castilla_St_Santee_CA_92071

Sky Ranch Owner, are you selling your house? :)[/quote]

No, that’s not me, but that was the highest closing price home sold up here. That was the EaglePoint Plan 4, Model Home, all furniture included.

We are watching it to see where it might close.

[sunny88]

[quote=SkyRanchOwner][quote=ocrenter]http://www.sdlookup.com/MLS-120020529-6137_Castilla_St_Santee_CA_92071

Sky Ranch Owner, are you selling your house? :)[/quote]

No, that’s not me, but that was the highest closing price home sold up here. That was the EaglePoint Plan 4, Model Home, all furniture included.

We are watching it to see where it might close.[/quote]

I bet it will be less than $1 million. Nobody in the right frame of mind will pay over $1 million for a home in Santee…

[SkyRanchOwner]

The Crescent Heights floor plans with pictures are now posted on the Lennar site:

http://www.lennar.com/New-Homes/California/San-Diego/Santee/Sky-Ranch/Crescent-Heights

Prices starting in the upper $500k. No mello-roos. HOA – $292/mo. and property taxes approx. 1.1%.

2930 sq. ft. to 3648 sq. ft., view site homes.

4 – 5 Bedrooms
3 – 4 Bathrooms
3 – 4 Car Garages

Offering One-Story, Two-Story and Lennar’s Next Gen – The Home Within a Home

Grand Opening, Saturday, August 25th!!

[sdrealtor]

Thank you for brightening my day SRO! Thank you for brightening all of our days!!

[The-Shoveler]

I am seeing a lot more construction types on the road these days, seems about at least 6-7 new home tracts going up in the TV area, (WHAT!!! no one would live in that lizard habitat, don’t you know people will only buy in coastal downtown area’s from now on!!… Just kidding LOL).
If I did not know better I would say the cycle is starting (unless Europe messes everything up).

[sdrealtor]

Even more disconcerting, I have noticed an abundance of lizards. Every time I stride out of my far flung McMansion I see hoards of Western Fence lizards scrambling to find sanctuary in the bushes.

[an]

[quote=sdrealtor]Even more disconcerting, I have noticed an abundance of lizards. Every time I stride out of my far flung McMansion I see hoards of Western Fence lizards scrambling to find sanctuary in the bushes.[/quote]
At least your McMansion have walls sdr. I’m stuck in my lizard infested TRACT homes and no walls.

[svelte]

[quote=SkyRanchOwner]The Crescent Heights floor plans with pictures are now posted on the Lennar site:

http://www.lennar.com/New-Homes/California/San-Diego/Santee/Sky-Ranch/Crescent-Heights

2930 sq. ft. to 3648 sq. ft., view site homes.

Offering One-Story, Two-Story and Lennar’s Next Gen – The Home Within a Home
[/quote]

I can safely say this cuz no one owns – or even has a deposit – on any of these yet, but wow are those some bizarre layouts.

Let’s start with Residence 2 (which is the first one they list, followed by Residence 1 ??). I’d be miffed before I even walked in…it is a 4 car garage but it is double-tandem! I tell ya, the last thing I want to do is jockey cars around to get my favorite ride out for the day. It would make me grumpy. Then what’s with the narrow layout on a 2900 sf home? It feels like a row house! I want some shoulder room if I’m buying a house that big! Also a lil confused as to why there is an office but no LR, though I suppose you could use the office as a LR. Do people not want LRs any more?

Now for Residence 1, which is the second house shown. Single story, 3 car tandem. Still a lil grumble about the garage, but let’s go in. Open door. There’s a BR. There’s another. And yet another. !! You pass 3 bedrooms and then comes the DR. Wait, where’s the LR? That’s right, there isn’t one. And the BRs really couldn’t be used as one without knocking out a wall. Next!

Residence 3. Next Gen. They probably mean 2 generation, cuz there is no way you’d buy this house without a relative wanting to use the part of the house that is partitioned off. And the garage entrance is on the opposite side of the house as the front door. Is there an alley? If not, I’m not sure how that’s gonna work. Let’s go in. DR…nook…FR…BR…garage. No LR? Not even something you can convert into a LR? And this is the 3600 sf big bomber!

Maybe these would work for some families. Maybe times they are a’changin and I’m stuck in the 00s. Maybe I should have a glass of wine and shut up.

[Coronita]

[quote=AN][quote=sdrealtor]Even more disconcerting, I have noticed an abundance of lizards. Every time I stride out of my far flung McMansion I see hoards of Western Fence lizards scrambling to find sanctuary in the bushes.[/quote]
At least your McMansion have walls sdr. I’m stuck in my lizard infested TRACT homes and no walls.[/quote]

At least it has air conditioning and a front and backyard with real grass.

[an]

[quote=flu][quote=AN][quote=sdrealtor]Even more disconcerting, I have noticed an abundance of lizards. Every time I stride out of my far flung McMansion I see hoards of Western Fence lizards scrambling to find sanctuary in the bushes.[/quote]
At least your McMansion have walls sdr. I’m stuck in my lizard infested TRACT homes and no walls.[/quote]At least it has air conditioning and a front and backyard with real grass.[/quote]
I need A/C because I live in an area that unbearable w/out it. I don’t get the luxury of ocean breeze like you do. I also don’t have real or fake grass in the back yard. Also, real grass is overrated. You have to deal w/ weeds and mowing :-/

[an]

[quote=svelte]I can safely say this cuz no one owns – or even has a deposit – on any of these yet, but wow are those some bizarre layouts.[/quote]
I totally agree. Man, those must be the worst floor plan I’ve ever seen.

[Author]

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