Augusta at Columbus Square

[rkp]

You're still not getting it.  $8k is not outrageous for a 3k sqft home.  Show me the mello roos for another 3k sqft home.  At least you're not buying the 4k sqft Gables model.  If you want to pay less mello roos then buy a smaller home or an older home.  Homes built in the 90's have a mello roos about half that.  Like I said, you need to compare apples to apples.

Here is an apples to apples comparison of 2 houses that just closed in the last 3 months - one in CG and one across the street in TF2.  Both houses sold for about the same price, are about the same size, and built around the same time.  Both feed into same Irvine schools and have similar neighborhoods.  Yes CG has more parks, pools, and a clubhouse but its larger so ratio of park+pool is similar minus the clubhouse.  The point is that these 2 houses are VERY similar yet the MR is $6000 MORE.  Please explain the benefit of that $6000 more per year.

TF2 -http://www.redfin.com/CA/Tustin/401-Hudson-Dr-92782/home/5957075
tax for TF2 house - http://tax.ocgov.com/tcweb/tax_details.asp?APN=43437159&TaxYr=2010&CmpRevDte=79899275&RateTRA=13-155&Suffix=00

CG -http://www.redfin.com/CA/Tustin/Undisclosed-address-92782/home/7215204
tax for CG house - http://tax.ocgov.com/tcweb/tax_details.asp?APN=43448146&TaxYr=2010&CmpRevDte=79899275&RateTRA=13-165&Suffix=00

You just proved my point that CS taxes are not "outrageous" when CG is even higher.
http://www.talkirvine.com/index.php?topic=1173.msg22263#msg22263

Test, that wasnt my point.  You seem to think that the very high MR of CS is justified and is a sign of a better neighborhood or in some way a deterrent to keep riff raff out as you have put it.  Both CS and CG have very high MRs and I was able to show you a very apples to apples comparison of CG vs TF and showing how crazy the MR difference is for a few 100 feet and very little amenities difference.

Comparing the CS houses to TF, you get the same thing but very slightly less pronounced.  What benefit does someone have buying in CS over TF?  The MR isnt justified. 

 

[irvinehomeowner]

I read somewhere that the high school got shuttered and they put tennis courts there instead.

And also the elem doesn't have enough students so they are using it for other education programs.

Did I read that right or is that a different area of Tustin? And if it is correct... not sure I think that's a good use of the MRs.

 

[test]

You're still not getting it.  $8k is not outrageous for a 3k sqft home.  Show me the mello roos for another 3k sqft home.  At least you're not buying the 4k sqft Gables model.  If you want to pay less mello roos then buy a smaller home or an older home.  Homes built in the 90's have a mello roos about half that.  Like I said, you need to compare apples to apples.

Here is an apples to apples comparison of 2 houses that just closed in the last 3 months - one in CG and one across the street in TF2.  Both houses sold for about the same price, are about the same size, and built around the same time.  Both feed into same Irvine schools and have similar neighborhoods.  Yes CG has more parks, pools, and a clubhouse but its larger so ratio of park+pool is similar minus the clubhouse.  The point is that these 2 houses are VERY similar yet the MR is $6000 MORE.  Please explain the benefit of that $6000 more per year.

TF2 -http://www.redfin.com/CA/Tustin/401-Hudson-Dr-92782/home/5957075
tax for TF2 house - http://tax.ocgov.com/tcweb/tax_details.asp?APN=43437159&TaxYr=2010&CmpRevDte=79899275&RateTRA=13-155&Suffix=00

CG -http://www.redfin.com/CA/Tustin/Undisclosed-address-92782/home/7215204
tax for CG house - http://tax.ocgov.com/tcweb/tax_details.asp?APN=43448146&TaxYr=2010&CmpRevDte=79899275&RateTRA=13-165&Suffix=00

You just proved my point that CS taxes are not "outrageous" when CG is even higher.
http://www.talkirvine.com/index.php?topic=1173.msg22263#msg22263

Test, that wasnt my point.  You seem to think that the very high MR of CS is justified and is a sign of a better neighborhood or in some way a deterrent to keep riff raff out as you have put it.  Both CS and CG have very high MRs and I was able to show you a very apples to apples comparison of CG vs TF and showing how crazy the MR difference is for a few 100 feet and very little amenities difference.

Comparing the CS houses to TF, you get the same thing but very slightly less pronounced.  What benefit does someone have buying in CS over TF?  The MR isnt justified. 

I don't think the neighborhood is better but I do think high cost in general keeps riff raff out.  As for the MR difference, a little research shows why.  TF had an $11 million bond whereas CS had a $53 million bond.  In terms of what that bond pays for the list is long so I'll spare my hands from typing, but included is the 25 acre park right next to the community.

 

[zakami]

I don't think the neighborhood is better but I do think high cost in general keeps riff raff out.  As for the MR difference, a little research shows why.  TF had an $11 million bond whereas CS had a $53 million bond.  In terms of what that bond pays for the list is long so I'll spare my hands from typing, but included is the 25 acre park right next to the community.

Yes, but when is that park coming?

 

[shadax]

unless the 25 acre park is gated and meant only for CS residents, that's still outrageous.

 

[rkp]

You're still not getting it.  $8k is not outrageous for a 3k sqft home.  Show me the mello roos for another 3k sqft home.  At least you're not buying the 4k sqft Gables model.  If you want to pay less mello roos then buy a smaller home or an older home.  Homes built in the 90's have a mello roos about half that.  Like I said, you need to compare apples to apples.

Here is an apples to apples comparison of 2 houses that just closed in the last 3 months - one in CG and one across the street in TF2.  Both houses sold for about the same price, are about the same size, and built around the same time.  Both feed into same Irvine schools and have similar neighborhoods.  Yes CG has more parks, pools, and a clubhouse but its larger so ratio of park+pool is similar minus the clubhouse.  The point is that these 2 houses are VERY similar yet the MR is $6000 MORE.  Please explain the benefit of that $6000 more per year.

TF2 -http://www.redfin.com/CA/Tustin/401-Hudson-Dr-92782/home/5957075
tax for TF2 house - http://tax.ocgov.com/tcweb/tax_details.asp?APN=43437159&TaxYr=2010&CmpRevDte=79899275&RateTRA=13-155&Suffix=00

CG -http://www.redfin.com/CA/Tustin/Undisclosed-address-92782/home/7215204
tax for CG house - http://tax.ocgov.com/tcweb/tax_details.asp?APN=43448146&TaxYr=2010&CmpRevDte=79899275&RateTRA=13-165&Suffix=00

You just proved my point that CS taxes are not "outrageous" when CG is even higher.
http://www.talkirvine.com/index.php?topic=1173.msg22263#msg22263

Test, that wasnt my point.  You seem to think that the very high MR of CS is justified and is a sign of a better neighborhood or in some way a deterrent to keep riff raff out as you have put it.  Both CS and CG have very high MRs and I was able to show you a very apples to apples comparison of CG vs TF and showing how crazy the MR difference is for a few 100 feet and very little amenities difference.

Comparing the CS houses to TF, you get the same thing but very slightly less pronounced.  What benefit does someone have buying in CS over TF?  The MR isnt justified. 

I don't think the neighborhood is better but I do think high cost in general keeps riff raff out.  As for the MR difference, a little research shows why.  TF had an $11 million bond whereas CS had a $53 million bond.  In terms of what that bond pays for the list is long so I'll spare my hands from typing, but included is the 25 acre park right next to the community.

CS also has many more units than TF and is much larger...not sure if its 4x units though as that what the bond difference is.  I completely agree that $53M will get you much more than $11M but as a buyer, neither CS/CG offer me much more than a clubhouse vs TF and I will have to pay approximately $5-6K more per year.  What does that ~$500 a month get me today?  Nothing!  And when that 25 acre park opens up, I will still be able to enjoy majority of it unless its closed off. 

 

[test]

Yes, but when is that park coming?

So you want to wait until all the amenities are complete, the prices are jacked up, then buy?  Sound financial advice.

 

[test]

And when that 25 acre park opens up, I will still be able to enjoy majority of it unless its closed off. 

You can enjoy the beach too without paying waterfront prices.  They should close off NB to residents only.  LOL.

 

[usctrojancpa]

Yes, but when is that park coming?

So you want to wait until all the amenities are complete, the prices are jacked up, then buy?  Sound financial advice.

Jacked up prices when a park opens?  Buy now before you are priced out forever?  haha 

 

[test]

Yes, but when is that park coming?

So you want to wait until all the amenities are complete, the prices are jacked up, then buy?  Sound financial advice.

Jacked up prices when a park opens?  Buy now before you are priced out forever?  haha 

Ask zakami, if there are a lot of people like him out there, that won't buy until the park opens, the sudden influx of buyers could cause a price spike.  The 25 acre park is nice, but I'm waiting for the 85 acre park, which is also right next to the community.

 

[shadax]

Yes, but when is that park coming?

So you want to wait until all the amenities are complete, the prices are jacked up, then buy?  Sound financial advice.

Jacked up prices when a park opens?  Buy now before you are priced out forever?  haha 

Ask zakami, if there are a lot of people like him out there, that won't buy until the park opens, the sudden influx of buyers could cause a price spike.  The 25 acre park is nice, but I'm waiting for the 85 acre park, which is also right next to the community.

Christ, I thought only realtards or CAR made fluffy BS predictions like this.  Pent-up demand!  Kool Aid is still flowing-  more anecdotal evidence we haven't hit bottom yet.

 

[usctrojancpa]

Yes, but when is that park coming?

So you want to wait until all the amenities are complete, the prices are jacked up, then buy?  Sound financial advice.

Jacked up prices when a park opens?  Buy now before you are priced out forever?  haha 

Ask zakami, if there are a lot of people like him out there, that won't buy until the park opens, the sudden influx of buyers could cause a price spike.  The 25 acre park is nice, but I'm waiting for the 85 acre park, which is also right next to the community.

Christ, I thought only realtards or CAR made fluffy BS predictions like this.  Pent-up demand!  Kool Aid is still flowing-  more anecdotal evidence we haven't hit bottom yet.

I'm telling you, test has to be on the payroll over at William Lyon or at Lennar. 

 

[zakami]

Ask zakami, if there are a lot of people like him out there, that won't buy until the park opens, the sudden influx of buyers could cause a price spike.  The 25 acre park is nice, but I'm waiting for the 85 acre park, which is also right next to the community.

test, the park will only happen if the city can get their act together around master development. ever since shea pulled out from the master development, tustin legacy is all in limbo. the only thing certain is the extension of tustin ranch road.

 

[test]

test, the park will only happen if the city can get their act together around master development.

Didn't that already happen?

On April 25, 2011, the Tustin City Council approved the ?Tustin Legacy Disposition Strategy for the Former Master Development Footprint?. With the termination of the Master Developer in the Summer of 2010, the City Council in the Fall of 2010 directed staff in conjunction with their consultant team to prepare of a disposition strategy for the former master developer footprint. The purpose of the effort was to reframe the City?s approach for marketing and development of the property and to specifically identify potential early implementation opportunities.

With the approved Disposition Strategy the City will assume the role as the Executive Master Developer by subdividing the former master developer site into development packages that will be acquired and developed by private sector developers including on-site and off-site infrastructure improvements. The City Council approved the strategy as the best framework for moving forward with the Tustin Legacy project while continuing to remain focused on the Project?s original vision ? a dynamic, urban master planned community ? a place to Live, Work and Play!

Over the next few months, the City staff will solicit developer interest on four ?Early Development Opportunity Sites" that tie in with the construction of the Tustin Ranch Road extension from Warner Avenue and to Walnut Avenue and are also located in close proximity to The District at Tustin Legacy. These disposition packages were selected because of their proximity to existing infrastructure and adjacent development. There will be a developer selection process in place that will assist the City in determining who the most qualified developers are for each select disposition package. The overall selection of a developer for each individual disposition package will need to be approved by the City Council.

 

[jvna]

I read somewhere that the high school got shuttered and they put tennis courts there instead.

And also the elem doesn't have enough students so they are using it for other education programs.

Did I read that right or is that a different area of Tustin? And if it is correct... not sure I think that's a good use of the MRs.

Hillview HS is the school that's being converted to tennis courts.  That's not the HS that was slated for CS.  Heritage elementary school is the school that just got built at CS.  Due to low student count, they are temporarily going to use them for Tustin's continuation and adult schools.
http://www.ocregister.com/news/school-308525-tustin-district.html

 

[shadax]

I read somewhere that the high school got shuttered and they put tennis courts there instead.

And also the elem doesn't have enough students so they are using it for other education programs.

Did I read that right or is that a different area of Tustin? And if it is correct... not sure I think that's a good use of the MRs.

Hillview HS is the school that's being converted to tennis courts.  That's not the HS that was slated for CS.  Heritage elementary school is the school that just got built at CS.  Due to low student count, they are temporarily going to use them for Tustin's continuation and adult schools.
http://www.ocregister.com/news/school-308525-tustin-district.html

Continuation school:  Home of the kids who got into knife fights or sold drugs at school.

 

[irvinehomeowner]

So the high school wasn't for Tustin Legacy but the Elem school was.

Seems like all that infrastructure someone is referring to is quite a long way off.

 

[usctrojancpa]

So the high school wasn't for Tustin Legacy but the Elem school was.

Seems like all that infrastructure someone is referring to is quite a long way off.

But yet the folks at CS are paying for something that isn't there...yet another reason not to buy there.  If there were a lot of amenities and the MR is high that's one thing, but when people don't even get a fraction of what they are paying for that is just wrong. 

 

[irvinehomeowner]

What gets me is Columbus Grove is worse... they pay very high MRs yet I don't think there was a large amount of infrastructure.

They are zoned to existing schools (and not close by either, they have to take them over to Woodbridge instead of to nearby Wespark) and most of that area wasn't really in need of work because it was former armed forces housing. Maybe it was all the toxicity clean-up but I thought that was covered by the armed forces.

 

[test]

What gets me is Columbus Grove is worse... they pay very high MRs yet I don't think there was a large amount of infrastructure.

No infrastructure but they do get the powerlines, waste management station and concrete factory.