[sunny88]

[quote=92126_guy]Hello,
So my wife are keeping our options open for when/if/where we want to buy next. We checked out the new construction for Pardee in Carmel Valley but of course it is way out of our price range of 350 – 450, so I noticed the also have a community down in San Ysidro. The places are nice and in our range, but I’m curious as to any background info. The sales rep said only 3 of the actual model homes are not in escrow, but I saw a short sale on Red Fin for I believe plan 3 for 390k (FTA: “bank wants this sold”) which wasn’t a ringing endorsement for future prices. I realize it’s FAR away (traffic) and very close to the boarder (security), but like I said we’re keeping our options open. Beyond the obvious gut reactions to living so far south any thoughts? It appeared a school was built next to the community but I don’t need to worry about that beyond taxes/fees as we aren’t having children.
We would rent there first before we bought as this time around I’m not jumping in with both feet.

Links: Pardee’s site
http://www.pardeehomes.com/ocean_view_hills/esmeralda/

Red Fin short sale
http://www.redfin.com/CA/San-Diego/5009-Crescent-Bay-Dr-92154/home/7503178[/quote]

Have you considered Mira Mesa? There are homes in the same price range available.

[sunny88]

[quote=92126_guy]Hello,
So my wife are keeping our options open for when/if/where we want to buy next. We checked out the new construction for Pardee in Carmel Valley but of course it is way out of our price range of 350 – 450, so I noticed the also have a community down in San Ysidro. The places are nice and in our range, but I’m curious as to any background info. The sales rep said only 3 of the actual model homes are not in escrow, but I saw a short sale on Red Fin for I believe plan 3 for 390k (FTA: “bank wants this sold”) which wasn’t a ringing endorsement for future prices. I realize it’s FAR away (traffic) and very close to the boarder (security), but like I said we’re keeping our options open. Beyond the obvious gut reactions to living so far south any thoughts? It appeared a school was built next to the community but I don’t need to worry about that beyond taxes/fees as we aren’t having children.
We would rent there first before we bought as this time around I’m not jumping in with both feet.

Links: Pardee’s site
http://www.pardeehomes.com/ocean_view_hills/esmeralda/

Red Fin short sale
http://www.redfin.com/CA/San-Diego/5009-Crescent-Bay-Dr-92154/home/7503178[/quote]

Have you considered Mira Mesa? There are homes in the same price range available.

[sunny88]

[quote=92126_guy]Hello,
So my wife are keeping our options open for when/if/where we want to buy next. We checked out the new construction for Pardee in Carmel Valley but of course it is way out of our price range of 350 – 450, so I noticed the also have a community down in San Ysidro. The places are nice and in our range, but I’m curious as to any background info. The sales rep said only 3 of the actual model homes are not in escrow, but I saw a short sale on Red Fin for I believe plan 3 for 390k (FTA: “bank wants this sold”) which wasn’t a ringing endorsement for future prices. I realize it’s FAR away (traffic) and very close to the boarder (security), but like I said we’re keeping our options open. Beyond the obvious gut reactions to living so far south any thoughts? It appeared a school was built next to the community but I don’t need to worry about that beyond taxes/fees as we aren’t having children.
We would rent there first before we bought as this time around I’m not jumping in with both feet.

Links: Pardee’s site
http://www.pardeehomes.com/ocean_view_hills/esmeralda/

Red Fin short sale
http://www.redfin.com/CA/San-Diego/5009-Crescent-Bay-Dr-92154/home/7503178[/quote]

Have you considered Mira Mesa? There are homes in the same price range available.

[sunny88]

[quote=SD Realtor]Sunny I think that from a tenant availability standpoint, utc will always be pretty flush. Ucsd is not the only provider as the golden triangle as well as all the scripps medical areas provide ample sources.

You need to define what your goal is. Is it cash flow or is it appreciation? Personally if I were to buy near utc right now it would be in the stock that exhibited more depreciation but that also had a lot lower overhead then Regents.If you are buying there to live then maybe that is another story. [/quote]

Thank you for your comment. We are not actually planning to live there (at least for now) but would like to invest in a newer and nicer property in a desirable area.

[sunny88]

[quote=SD Realtor]Sunny I think that from a tenant availability standpoint, utc will always be pretty flush. Ucsd is not the only provider as the golden triangle as well as all the scripps medical areas provide ample sources.

You need to define what your goal is. Is it cash flow or is it appreciation? Personally if I were to buy near utc right now it would be in the stock that exhibited more depreciation but that also had a lot lower overhead then Regents.If you are buying there to live then maybe that is another story. [/quote]

Thank you for your comment. We are not actually planning to live there (at least for now) but would like to invest in a newer and nicer property in a desirable area.

[sunny88]

[quote=SD Realtor]Sunny I think that from a tenant availability standpoint, utc will always be pretty flush. Ucsd is not the only provider as the golden triangle as well as all the scripps medical areas provide ample sources.

You need to define what your goal is. Is it cash flow or is it appreciation? Personally if I were to buy near utc right now it would be in the stock that exhibited more depreciation but that also had a lot lower overhead then Regents.If you are buying there to live then maybe that is another story. [/quote]

Thank you for your comment. We are not actually planning to live there (at least for now) but would like to invest in a newer and nicer property in a desirable area.

[sunny88]

[quote=SD Realtor]Sunny I think that from a tenant availability standpoint, utc will always be pretty flush. Ucsd is not the only provider as the golden triangle as well as all the scripps medical areas provide ample sources.

You need to define what your goal is. Is it cash flow or is it appreciation? Personally if I were to buy near utc right now it would be in the stock that exhibited more depreciation but that also had a lot lower overhead then Regents.If you are buying there to live then maybe that is another story. [/quote]

Thank you for your comment. We are not actually planning to live there (at least for now) but would like to invest in a newer and nicer property in a desirable area.

[sunny88]

[quote=SD Realtor]Sunny I think that from a tenant availability standpoint, utc will always be pretty flush. Ucsd is not the only provider as the golden triangle as well as all the scripps medical areas provide ample sources.

You need to define what your goal is. Is it cash flow or is it appreciation? Personally if I were to buy near utc right now it would be in the stock that exhibited more depreciation but that also had a lot lower overhead then Regents.If you are buying there to live then maybe that is another story. [/quote]

Thank you for your comment. We are not actually planning to live there (at least for now) but would like to invest in a newer and nicer property in a desirable area.

[sunny88]

[quote=ocrenter]we drove by the neighborhood recently and decided to check the place out.

Cornerstone really cut some serious corners with this development (pun intended), we found these in the models no less:

–low grade ceramic tiles
–cheap orange peel walls
–ceramic tile or base granite counter tops
–DIY style painted wood decking
–poorly maintained “soccer field” of a lawn

all of the features you expect in a 2000 sqft POS thrown up quickly somewhere out in Hemet back in the boom years. except these are overgrown to 4000 sqft.

I mentioned before Montoro came on line that those of you who’s been to Cornerstone’s Tiburon would be sourly disappointed. My visit totally confirmed that prediction.

Montoro is a disaster, Montoro is a Monstrosity.

yet 4 homes have been “sold” per the sales office map so far. those 4 would do well tearing the house down and rebuild when they close escrow. [/quote]

I would have to agree with you. The quality and the location of the homes (down in a canyon) are not very desirable. However, the lower quality is priced in and people are willing to pay this amount to move there.

[sunny88]

[quote=ocrenter]we drove by the neighborhood recently and decided to check the place out.

Cornerstone really cut some serious corners with this development (pun intended), we found these in the models no less:

–low grade ceramic tiles
–cheap orange peel walls
–ceramic tile or base granite counter tops
–DIY style painted wood decking
–poorly maintained “soccer field” of a lawn

all of the features you expect in a 2000 sqft POS thrown up quickly somewhere out in Hemet back in the boom years. except these are overgrown to 4000 sqft.

I mentioned before Montoro came on line that those of you who’s been to Cornerstone’s Tiburon would be sourly disappointed. My visit totally confirmed that prediction.

Montoro is a disaster, Montoro is a Monstrosity.

yet 4 homes have been “sold” per the sales office map so far. those 4 would do well tearing the house down and rebuild when they close escrow. [/quote]

I would have to agree with you. The quality and the location of the homes (down in a canyon) are not very desirable. However, the lower quality is priced in and people are willing to pay this amount to move there.

[sunny88]

[quote=ocrenter]we drove by the neighborhood recently and decided to check the place out.

Cornerstone really cut some serious corners with this development (pun intended), we found these in the models no less:

–low grade ceramic tiles
–cheap orange peel walls
–ceramic tile or base granite counter tops
–DIY style painted wood decking
–poorly maintained “soccer field” of a lawn

all of the features you expect in a 2000 sqft POS thrown up quickly somewhere out in Hemet back in the boom years. except these are overgrown to 4000 sqft.

I mentioned before Montoro came on line that those of you who’s been to Cornerstone’s Tiburon would be sourly disappointed. My visit totally confirmed that prediction.

Montoro is a disaster, Montoro is a Monstrosity.

yet 4 homes have been “sold” per the sales office map so far. those 4 would do well tearing the house down and rebuild when they close escrow. [/quote]

I would have to agree with you. The quality and the location of the homes (down in a canyon) are not very desirable. However, the lower quality is priced in and people are willing to pay this amount to move there.

[sunny88]

[quote=ocrenter]we drove by the neighborhood recently and decided to check the place out.

Cornerstone really cut some serious corners with this development (pun intended), we found these in the models no less:

–low grade ceramic tiles
–cheap orange peel walls
–ceramic tile or base granite counter tops
–DIY style painted wood decking
–poorly maintained “soccer field” of a lawn

all of the features you expect in a 2000 sqft POS thrown up quickly somewhere out in Hemet back in the boom years. except these are overgrown to 4000 sqft.

I mentioned before Montoro came on line that those of you who’s been to Cornerstone’s Tiburon would be sourly disappointed. My visit totally confirmed that prediction.

Montoro is a disaster, Montoro is a Monstrosity.

yet 4 homes have been “sold” per the sales office map so far. those 4 would do well tearing the house down and rebuild when they close escrow. [/quote]

I would have to agree with you. The quality and the location of the homes (down in a canyon) are not very desirable. However, the lower quality is priced in and people are willing to pay this amount to move there.

[sunny88]

[quote=ocrenter]we drove by the neighborhood recently and decided to check the place out.

Cornerstone really cut some serious corners with this development (pun intended), we found these in the models no less:

–low grade ceramic tiles
–cheap orange peel walls
–ceramic tile or base granite counter tops
–DIY style painted wood decking
–poorly maintained “soccer field” of a lawn

all of the features you expect in a 2000 sqft POS thrown up quickly somewhere out in Hemet back in the boom years. except these are overgrown to 4000 sqft.

I mentioned before Montoro came on line that those of you who’s been to Cornerstone’s Tiburon would be sourly disappointed. My visit totally confirmed that prediction.

Montoro is a disaster, Montoro is a Monstrosity.

yet 4 homes have been “sold” per the sales office map so far. those 4 would do well tearing the house down and rebuild when they close escrow. [/quote]

I would have to agree with you. The quality and the location of the homes (down in a canyon) are not very desirable. However, the lower quality is priced in and people are willing to pay this amount to move there.

[sunny88]

[quote=localguy]The lots are huge and I believe Cornerstone will work a deal with any buyer. We are currently in escrow at another project in Stonebridge. IMO sales will be slow due to the economy. Any buyer should set a target of less than $200.00 per sq. ft. out there.
Localguy[/quote]

Has anybody visited this development lately and how is business going there?

[sunny88]

[quote=localguy]The lots are huge and I believe Cornerstone will work a deal with any buyer. We are currently in escrow at another project in Stonebridge. IMO sales will be slow due to the economy. Any buyer should set a target of less than $200.00 per sq. ft. out there.
Localguy[/quote]

Has anybody visited this development lately and how is business going there?

[Author]

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