Baker Ranch in Lake Forest / Foothill Ranch

NEW -> Contingent Buyer Assistance Program
At Baker Ranch Heights, Knolls/Peake and Brookland communities are on high demand and sold quickly.
Highlands and Ridgewood communities are selling well but not as above models.

Selling point no mello roos.

I see on papers all the time advertisement with No MelloRoos
 
We've been looking at Irvine new construction for some time but as prices have become "irrationally exuberant," :)we started looking elsewhere. No mello roos is a big deal when you think of what you can do with an extra $3500-6000, etc. a year. You also get a lot more bang for your buck in other ways, such as lower density housing, larger lots, more inspiring interiors/exteriors in some cases. It's also an easy drive from Baker Ranch to Irvine for work or shopping if you need, though Foothill Ranch has plenty of shopping with easy-to-find parking.

 
They have the right to tout the no MR since they paid $84M + whatever it is for SVUSD. 

Excerpts fromhttp://www.lakeforestca.gov/depts/ds/planning/new_neighborhoods/faqs.asp

Q: Once the Baker Ranch development project is completed, how much will the developers have paid in fees to the City?
A: Upon completion of the Baker Ranch development, projections indicate the City will have collected approximately $72 million in Community Facilities Fees, $2 million in park maintenance fees, $6.7 million in LFTM fees, and $3.6 million in FCPP fees.

Q: How much have the developers of the Baker Ranch project paid in fees to the Saddleback Valley Unified School District to support the additional elementary school students who will be attending Foothill Ranch Elementary School?
A: The Shea-Baker Ranch Development Agreement includes a School Mitigation Agreement between the District and the developer, requiring the developer to pay an impact fee to the school district totaling $8,540 per housing unit prior to pulling any building permits. The City does not collect or administer the use of these funds.

Q: Will the new homes in the former auto center (Bake and Portola) be required to pay a share of the Mello-Roos fees associated with the Foothill Ranch Community Facilities District (CFD No. 87-4)?
A: Yes. The new homeowners in the former auto center are required to pay a share of the payments for CFD 87-4.

Q: Are the homes in the Baker Ranch development contributing their fair share towards the maintenance of the City's infrastructure?
A: Yes. While not a part of CFD 87-4, the Baker Ranch property was included in CFD 87-6 and made payments for its share of costs for the road infrastructure in the local area including arterials in Foothill Ranch. In addition, Baker Ranch was required by the County to pay its share for the Sheriff's Substation, Fire Station, and the Foothill Ranch Library in addition to other miscellaneous facilities. The owners of Baker Ranch decided to pay their obligation in cash instead of utilizing CFD financing. Therefore, the new homeowners in Baker Ranch do not pay Mello-Roos taxes.
 
Q:      Will the new homes in the former auto center (Bake and Portola) be required to pay a share of the Mello-Roos fees associated with the Foothill Ranch Community Facilities District (CFD No. 87-4)?
A:      Yes. The new homeowners in the former auto center are required to pay a share of the payments for CFD 87-4.

Does this mean the 2 projects by the Auto Center have MR's or the builder paid those off as well?
 
aquabliss said:
Q:      Will the new homes in the former auto center (Bake and Portola) be required to pay a share of the Mello-Roos fees associated with the Foothill Ranch Community Facilities District (CFD No. 87-4)?
A:      Yes. The new homeowners in the former auto center are required to pay a share of the payments for CFD 87-4.

Does this mean the 2 projects by the Auto Center have MR's or the builder paid those off as well?
Click to expand...

Not sure.  Never visited either. 
 
Took a new buyer out to Baker Ranch today to register at Ridgewood and the Peake and noticed that Shea bumped up the broker co-ops.  The Peake/The Knolls went from $10k to $15k and Ridgewood went from $10k to $25k. 
 
Shea Homes Peake Phase 4 homes.
All homes sold out and price increase for every phase
 

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6 months in and no complaints about Baker Ranch, great for my family - we love it here. Awesome neighbors and love The Grove. Already had a big party there and it was excellent. Location is excellent for us - close to work and lots of shopping. Very close to Woodbury town center. It's not Irvine but that's okay. It's a good middle ground between Deep South County and Irvine, both in demographics and in terms of access to retail, jobs, and services.

But it can't compete with Tustin. ;-)
 
extra bonus: no need to have that nagging feeling in the back of your mind about living on a toxic site

it's also nice to cruise into foothill ranch Target or Ralphs and get in and out of the store in under 5 minutes  :)
 
asdfg said:
extra bonus: no need to have that nagging feeling in the back of your mind about living on a toxic site

it's also nice to cruise into foothill ranch Target or Ralphs and get in and out of the store in under 5 minutes  :)
Click to expand...

If you can get in and out of Target in under 5 minutes then you must be a man. I've never spent less than two hours at that Target or any other Target.  :)

11390090_10152819398702136_6358168398187217101_n.jpg
 
Knoll Model home released last Saturday, June 13 and here is the price list...

 

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