The Motor Court Company
Well-known member
More like ready to downgrade
Belvedere at Eastwood
- Thread starter MYOB
- Start date
NEW -> Contingent Buyer Assistance Program
If someone's considering Beacon Park and Eastwood, I hope you're adjusting for the double mello roos compounding annually at 2%!
Eastwood Belvedere:
Base Property Tax: 1.05% of sales price
AD Tax: $1,350 per year
CFD Tax: $1,700 per year
Other Taxes: $164 per year
Overall Effective Tax Rate: Approximately 1.3%
Compared to Strada
HOA Dues: $196 per month
Tax rate: 1.06%
Mello Roos for schools in Irvine Unified: $4,512 per year
(AD Tax: $2,650; CFD Tax: $1,700; other tax $162)
Mello Roos for schools in Tustin Unified: $4,554 ? $5,104 per year
(AD Tax: $2,650, CFD Tax: $1,800 ? $2,350; other tax: $104)
Overall Effective Tax Rate: 1.5%
Keep in mind, the $4,512 mello roos for Strada is fixed and doesn't compound annually at 2%. Because pricing at Strada has steadily increased, and the mello roos costs remain constant, the effective rate for most Strada owners from late 2015 on, is closer to 1.4% than 1.5%.
Ready2Downsize
Well-known member
Reading the context it was in response to someone saying I bought an overpriced Greenwood home. Again.......... I could care less. I sold another higher priced item and took cash out, similar to taking money off the table in the stock market. I bet lots of people did that too before prices dropped and are happy to have the cash.
Btw Greenwood minimum prices are 6% more than I paid and the house for sale in my old neighborhood has no takers priced less than where I sold, so I'm not sweating paying $1500 per month here for HOA/taxes/insurance. The cash I got goes a LONG way in my ridiculously overpriced living expenses in the overpriced Greenwood.
Btw Greenwood minimum prices are 6% more than I paid and the house for sale in my old neighborhood has no takers priced less than where I sold, so I'm not sweating paying $1500 per month here for HOA/taxes/insurance. The cash I got goes a LONG way in my ridiculously overpriced living expenses in the overpriced Greenwood.
Phase one will include :
Homesite Plan Exterior Price Address
57 3X A- Santa Barbara $1,311,000 100 Meander
58 3 E-Traditional Monterey $1,310,000 101 Meander
59 1 C-Formal Spanish $1,110,000 104 Meander
60 2 J- Spanish Monterey $1,171,000 106 Meander
61 3 C-Formal Spanish $1,290,000 108 Meander
62 2 B-Early California $1,161,000 110 Meander
Homesite Plan Exterior Price Address
57 3X A- Santa Barbara $1,311,000 100 Meander
58 3 E-Traditional Monterey $1,310,000 101 Meander
59 1 C-Formal Spanish $1,110,000 104 Meander
60 2 J- Spanish Monterey $1,171,000 106 Meander
61 3 C-Formal Spanish $1,290,000 108 Meander
62 2 B-Early California $1,161,000 110 Meander
There has to be a lot of options in that pricing. Plan 2 = $445 / sq ft; Plan 3 = 449 / ft. You normally don't see the largest plans sell for more per sq ft than the smaller plans in a track. You also good go across the street where new in stonegate (similar size to slightly larger) sells for much less per sq ft.
Looking at the picture of the tract map, the lot sizes look pretty dismal (smaller than the model).
Looking at the picture of the tract map, the lot sizes look pretty dismal (smaller than the model).
Perspective
Well-known member
DrTravel said:
If someone's considering Beacon Park and Eastwood, I hope you're adjusting for the double mello roos compounding annually at 2%!
Eastwood Belvedere:
Base Property Tax: 1.05% of sales price
AD Tax: $1,350 per year
CFD Tax: $1,700 per year
Other Taxes: $164 per year
Overall Effective Tax Rate: Approximately 1.3%
ChasingRainbows
Member
Anyone on TI going to the presale for Belvedere and Piedmont?
ChasingRainbows
Member
It's by invitation prior to grand opening (prequal folks).
ChasingRainbows
Member
Perspective said:
Compared to Strada
HOA Dues: $196 per month
Tax rate: 1.06%
Mello Roos for schools in Irvine Unified: $4,512 per year
(AD Tax: $2,650; CFD Tax: $1,700; other tax $162)
Mello Roos for schools in Tustin Unified: $4,554 ? $5,104 per year
(AD Tax: $2,650, CFD Tax: $1,800 ? $2,350; other tax: $104)
Overall Effective Tax Rate: 1.5%
Perspective
Well-known member
ChasingRainbows said:
Keep in mind, the $4,512 mello roos for Strada is fixed and doesn't compound annually at 2%. Because pricing at Strada has steadily increased, and the mello roos costs remain constant, the effective rate for most Strada owners from late 2015 on, is closer to 1.4% than 1.5%.
All TIC village have a fixed total MR and approx. 1.05% base tax rate and I have not seen any disclosure for 2% MR tax increase in any of TIC villages (EW, Stonegate, OH, CV, PS etc)
Here's Petaluma and Ellwood's info. Note there's specific 2% CFD tax increase disclosure in Ellwood's but not in Petaluma's.
Here's Petaluma and Ellwood's info. Note there's specific 2% CFD tax increase disclosure in Ellwood's but not in Petaluma's.
