Baker Ranch in Lake Forest / Foothill Ranch
- Thread starter aquabliss
- Start date
NEW -> Contingent Buyer Assistance Program
"Benefit" was too nice of a word I used earlier. What I should have said is to our demise.
The FR residents have already been paying MR for over 20 years and are saying it's time for BR residents to pick up the slack for the bond amount for the community that they are using. They are enjoying the fruits of our labor without contributing while inconveniencing us.
That's what I thought from reading various comments.
From what I gathered - The builders back in the day used to pay the MR fees. Then, to help housing in the 80s, home purchasers were now in charge of paying the MRs alleviating some financial burden from the developers. Therefore, in BR, the developer paid the fees upfront and probably just took the minimal (relative) up front cost and added that margin to the home price.
I still need to look at the houses in PP! I'll stop by BR one day on the way home from work.
Can someone do an informal demographic check when you guys are out there and report.
socalbarbiegirl
New member
Does any know the proposed fees for this development? Obviously no mello Roos. Is it a standard 143 hoa for all single family and town homes? Also does lake forest have a low tax rate close to 1%? Just worried about added taxes like in RSM and fees like ladera etc. I'm seeing if moving here would save us some money long term with selling our current house in south county and swapping it for the same pried home here in baker ranch. It's the extra taxes, and mello Roos that really add up. Thanks I advance. Also did anyone find out if the community pools had a spa too?
aquabliss
Well-known member
I didn't see any Spa's in the community / clubhouse pool but the common area's were really nice. I only checked the lagoon pool didn't walk back to the second one. I think that was the adult pool so there may be a spa back there.
Also I believe the total effective tax rate is really low, something like 1.1%. Pretty darn good.
Also I believe the total effective tax rate is really low, something like 1.1%. Pretty darn good.
usctrojancpa
Well-known member
Was there from around 12pm to 5pm. It started getting busy after 1pm-2pm with the peak being around 4-5pm. There was a lot of foot traffic for a VIP event, more than at Pavilion Park. Shea homes will sell homes based upon a waitlist while Toll Brothers is going to do lotteries to sell their homes.
irvinehomeshopper
Well-known member
Excellent location when spouse is living close by in Honor Farm.
irvinehomeowner
Well-known member
But it's not Irvine.SoCal said:
socal78
Well-known member
qwerty said:
"Benefit" was too nice of a word I used earlier. What I should have said is to our demise.
The FR residents have already been paying MR for over 20 years and are saying it's time for BR residents to pick up the slack for the bond amount for the community that they are using. They are enjoying the fruits of our labor without contributing while inconveniencing us.
Coleman
New member
qwerty said:
That's what I thought from reading various comments.
From what I gathered - The builders back in the day used to pay the MR fees. Then, to help housing in the 80s, home purchasers were now in charge of paying the MRs alleviating some financial burden from the developers. Therefore, in BR, the developer paid the fees upfront and probably just took the minimal (relative) up front cost and added that margin to the home price.
I still need to look at the houses in PP! I'll stop by BR one day on the way home from work.
Can someone do an informal demographic check when you guys are out there and report.
usctrojancpa
Well-known member
Shea and Toll Bros are in the top when it comes to quality and you could see that in the model homes. Some of the floor plans were just OK but some were nice. It seems like the community won't be as dense as other newer Irvine villages like CV and Stonegate because there are no apartments or attached condos. I like how the area is elevated and some of the homes will get some nice view lots (I'm sure those lots will carry big premiums though). The community will look a little empty until it gets more built out but the clubhouse areas did look nice.LiveAtOC said:
J
jmoney74
Guest
I went yesterday to check out BR. I think the homes are reasonable priced. They are a little bit lower than PP.. but with no MR that makes up a lot more than that.
Pros
1. Nice views
2. Nice pool/common area at the Grove. Great for kids and parties.
3. Decent sized SFR homes.
4. Close proximity to Foothill Ranch Shopping Center
5. More diversity. I think there were more white people here. White flight has landed.
6. No MR!
Cons
1. A block or two away from the jail. They are planting trees along Alton to cover it up.
Not sure where they are expanding though.
2. A little bit away if you have to commute out of there.. not too bad though.
3. Palm trees. I guess this is more of a preference.. but seems like something builders did over a decade ago.
overall I think it's a good buy for those who are interested.
Pros
1. Nice views
2. Nice pool/common area at the Grove. Great for kids and parties.
3. Decent sized SFR homes.
4. Close proximity to Foothill Ranch Shopping Center
5. More diversity. I think there were more white people here. White flight has landed.
6. No MR!
Cons
1. A block or two away from the jail. They are planting trees along Alton to cover it up.
Not sure where they are expanding though.2. A little bit away if you have to commute out of there.. not too bad though.
3. Palm trees. I guess this is more of a preference.. but seems like something builders did over a decade ago.
overall I think it's a good buy for those who are interested.