Baker Ranch in Lake Forest / Foothill Ranch

NEW -> Contingent Buyer Assistance Program
Yeah, we shall see how long that lasts.  I think the key is standing inventory.  Once inventory hits the books and it does not move there will be a greater motivation to throw in incentives and cut pricing.  Since no move ins have occurred yet this has yet to happen.  It is funny Shea has not listed anything on the MLS yet like Toll Brothers has even though they are still sitting on unsold lots.
 
Advantage for Shea homes is private company and always produce less volume of homes compared to Toll.
Shea is less worry about market conditions and not hurry in selling homes quickly for less price or attracting other offers (I am 100% positive on this)

Toll is public company and need to progress quarter over quarter in results.
 
SunDevilOC said:
What are everyone's thoughts on the last 3 sales at KB's Whistler Ridge at 725, 730 and 732K? All units were 2300 sqft and similar lot sizes to Ridgewood and no mello roos.  Granted Whistler Ridge does not have the amenities of BR, is BR going to be able to sell for 100k more or will they be discounting once they have standing inventory. All these homes were listed between 799-819k.

I notice one more difference if you compare Whistler Ridge with Ridgewood..
Lot sizes are small and you can see only 5 feet gap between each homes consistent at WR.
At Ridgewood you will see one side 5 feet gap between each homes consistent and other side of home you will see more gap.

One KB home is back on market....

http://www.redfin.com/CA/Lake-Forest/14-Poplar-Ct-92630/home/52385175?utm_source=myredfin&utm_medium=email&utm_campaign=instant24_listings_update&utm_content=address&reinfo=ZXhwSWQ9MjExNzY4MyZleHBJbnN0YW5jZUlkPTE2NDg2NDIyNTQyMjkmY2F0ZWdvcnk9ZW1haWwubGlzdGluZ2FsZXJ0cyZjb2hvcnRJZD1Nb2JpbGVGaXJzdCZ0YXJnZXQ9aG9tZS5hZGRyZXNzJmxvZ2luSWQ9MjI1NDIyOQ==#property-history
 
Got update from FB

I came to know around 150+ homes sold at Baker Ranch and sales team say we are selling home at good phase compare to other OC new homes...

Homeowners "Making A Splash" at The Grove pool opening at Baker Ranch
https://www.facebook.com/photo.php?fbid=526501064139004&set=pcb.526501234138987&type=1&theater
 
Checked the California Bureau of Real Estate. The Knolls and Parkview are actually classified as SFR.
 
LiveAtOC said:
Got update from FB

I came to know around 150+ homes sold at Baker Ranch and sales team say we are selling home at good phase compare to other OC new homes...

Homeowners "Making A Splash" at The Grove pool opening at Baker Ranch
https://www.facebook.com/photo.php?fbid=526501064139004&set=pcb.526501234138987&type=1&theater


Thats me playing the steel drum

10366156_526501080805669_7663999891035330788_n.jpg
 
What's the latest in Baker Ranch? We decided to go with Ridgewood instead of Parkview - the backyard and motor court were the deciding factors.
 
North of 800 for anything in Ridgewood.  Pretty much the most you can spend for a home in Lake Forest under 2500 sqft.  Can't image how much more these homes would go up in value.  If you just want a place close to irvine that is new maybe it makes sense.  If you want something that is a good investment good luck on that.  Probably will be awhile to get your money out of this place.
 
I am but probably will not be buying there.  By the time you put upgrades and a yard in you are looking at over 850K to overlook industrial in Lake Forest ($400 per sqft on a plan 1).  Just don't think it is worth it at the end of the day.  Think I am going re-sale in Foothill.  Maybe even get a view for the same price or less.
 
SunDevilOC said:
I am but probably will not be buying there.  By the time you put upgrades and a yard in you are looking at over 850K to overlook industrial in Lake Forest ($400 per sqft on a plan 1).  Just don't think it is worth it at the end of the day.  Think I am going re-sale in Foothill.  Maybe even get a view for the same price or less.

Fair enough! If you do end up buying there post here, looking for other BR TI folks!

We looked in FR and AV for about a year for a resale but never found the one. Some had good views, some had nice lots. A few had good floor plans, but they all needed significant work. Once we started looking at new we couldn't get into any of the resales.

There are only 4 resales now in FR under $850k > 2000sqft, north of Portola:
http://www.redfin.com/CA/Foothill-Ranch/27-Cantora-92610/home/4797036- Not a bad place, small kitchen, needs some upgrades. Shared driveway and weird lot location.
http://www.redfin.com/CA/Foothill-Ranch/11-Tizmin-92610/home/4798659- This place needs $150k+ in work, everything is '93 original. Weird "cave" like thing upstairs. Very cramped layout.
http://www.redfin.com/CA/Foothill-Ranch/40-Esternay-Dr-92610/home/4798567- Probably the best FR house listed right now, but expensive. Good layout, kitchen is in good shape, needs some bathroom upgrades. But for $805,000 it is close to Ridgewood price and 18 years older. We seriously considered 40 Esternay but for the same price the BR amenities and "new" won out for us.
http://www.redfin.com/CA/Foothill-Ranch/81-Parrell-Ave-92610/home/4803031- I don't know how the HOA allowed the addition on the front of this house. It looks ridiculous. 100 DOM. I would never live here.

------

We didn't consider anything south of Portola - didn't enjoy the neighborhood feel down there and most houses were a bit smaller.

Aliso Viejo was also pretty barren. There seemed to be a few good resale candidates, but after seeing them in person and calculating what we'd put in to upgrade, new almost always won out.
 
SunDevilOC said:
I am but probably will not be buying there.  By the time you put upgrades and a yard in you are looking at over 850K to overlook industrial in Lake Forest ($400 per sqft on a plan 1).  Just don't think it is worth it at the end of the day.  Think I am going re-sale in Foothill.  Maybe even get a view for the same price or less.
That's smart.. You made a good choice
 
SunDevilOC said:
I am but probably will not be buying there.  By the time you put upgrades and a yard in you are looking at over 850K to overlook industrial in Lake Forest ($400 per sqft on a plan 1).  Just don't think it is worth it at the end of the day.  Think I am going re-sale in Foothill.  Maybe even get a view for the same price or less.

My initial gut feeling upon reading this you may end up in purchasing at BR in the near future.
 
So I finally visited Baker Ranch yesterday. My thoughts echo most of what has already been posted by other members:

- In the industrial area of Lake Forest, so outside of the village... you have to drive up to Foothill Ranch or down to Lake Forest/El Toro roads for suburban amenities
- On the plus side, if you work in that area, it's very close to your job
- I like the elevated nature of some of the tracts, the only issue is that to the south, the views are the industrial buildings, and to the north, depending on where you are, it's more homes
- No MRs should be a draw for many as the price, HOA ($180/mo) and base tax rate (1.06%) is all you need to worry about financially
- The area is pretty far out if you don't work in the immediate area... even from South County jobs
- From what I can tell, the recreation areas looks pretty nice
- The higher end homes have cul-de-sac streets

I only visited The Highlands and The Heights, and these are my observations:
http://www.tollbrothers.com/CA/The_Highlands_at_Baker_Ranch#homedesignshttp://www.tollbrothers.com/CA/The_Heights_at_Baker_Ranch#homedesigns

1. I find it strange that each model varies only in layout but not really square footage, The Highlands is ~3000sft and The Heights is ~2700sft.
2. They really are pushing that indoor/outdoor space. All models had huge stacking sliding doors that basically opened a large portion of the first floor to the backyard and/or a courtyard. Some models even had outdoor decks off the master or bonus/loft on the second floor.
3. The problem with the indoor/outdoor concept is the backyards aren't that large so actual outdoor space isn't very large.
4. In their brochures, they add the square footage in a Cali Room or Courtyard to the "total" square footage of the home.
5. Very flat front facades on these homes (other people made a similar comment)
6. Every model had a downstairs bedroom and bath, so 1.5 bathrooms on the first floor is a plus.
7. Not a single model had a separate dining or flex area... you walk in and that's what you see, kitchen, family+dining (or great room).
8. At least they made some very well executed foyers... very ps9 with large vaulted 2-story ceilings.
9. Ceilings are very high on both 1st and 2nd floor, probably 10' or higher.
10. Secondary bathrooms are very small.
11. Master bedrooms are also very small... and master closets even smaller. In some models they do have dual master closets but both are the same size and tiny. Some masters have a retreat or that covered deck.
12. Most models had large walk-in pantries
13. Only one model in The Heights (Cascade) had a 3-car tandem garage (it was optioned to a Flex space in the model)

If I had to pick one as my favorite, it would probably be Cascade with the master retreat option (as modeled).

All in all, these aren't too different from the ones in Irvine except Toll Brothers put some interesting variations on their homes considering they were all similar in square footage. These range from the mid/high $900ks to just above $1m. I actually think it's high even when accounting for the absence of MRs. If these were sub $900k, they would probably sell much faster (I don't think their sales pace is all that brisk considering they did have "Quick Inventory" available).

If you like the Lake Forest area, have to have new, work nearby and don't mind the distance from the main freeways, this would be a good option. But to me, if you are going to live that far, I would prefer a more traditional floorplan with a 3CWG up in Foothill Ranch or even south between Lake Forest and El Toro (there are quite a few homes there build in the late 80s, early 90s).

Edit: Typos and clarifications
 
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