Cressa at Portola Springs - The New Home Company
- Thread starter irviniteeee
- Start date
NEW -> Contingent Buyer Assistance Program
Otherwise, it's close to elementary and high school, it's priced low for a new sfr, it's in Irvine. Toxic plume is far south of the location, shouldn't travel upwards/uphill anyways. Floor plan is decent. It's close to ps4 and 5, and have a built in resale buyer pool for move up folks in the enclave.
I'd buy there only if I can secure the lot I want and prices don't increase a lot by then.
If it's not sustainable without job and income growth like in San Jose or San fran... it maybe different story in the future... but then again inflation would may bail out buyers at peak....
What's the catch? Why are prices here so much lower than comps in other new villages?
That and location is in the boonies (haha, going to irk pro PS folks), it'll be in between the landfill and GP superfund toxic land and perhaps cemetery.cheetos said:
Otherwise, it's close to elementary and high school, it's priced low for a new sfr, it's in Irvine. Toxic plume is far south of the location, shouldn't travel upwards/uphill anyways. Floor plan is decent. It's close to ps4 and 5, and have a built in resale buyer pool for move up folks in the enclave.
I'd buy there only if I can secure the lot I want and prices don't increase a lot by then.
Good tip.
Till last weekend, all Legado and LaCressa phase 1 sold out.
Apperantly, as a large home( both of Legado and LaCressa target at 2000+ sqt home market with at least 4 bedrooms), their price is fairly low. As a phase 1 home, not low enough, but acceptable.
Possible reasons that cause low price:
1. Open with EW at the same time. Lose in the first step.
2. Far away from retail store, shopping center.
3. Too many flats and apartments in PS3.
4. Landfill issue, Cemetery issue.
(Hard to say about this two. From distance, PS3 is actually better than other PS enclave. But landfill is still there, and when we talk about PS, we can never forget about landfill.
Cemetery is another factor may push FCBs away from PS3. I don't know whether this has been shown in the open price)
Till last weekend, all Legado and LaCressa phase 1 sold out.
Apperantly, as a large home( both of Legado and LaCressa target at 2000+ sqt home market with at least 4 bedrooms), their price is fairly low. As a phase 1 home, not low enough, but acceptable.
Possible reasons that cause low price:
1. Open with EW at the same time. Lose in the first step.
2. Far away from retail store, shopping center.
3. Too many flats and apartments in PS3.
4. Landfill issue, Cemetery issue.
(Hard to say about this two. From distance, PS3 is actually better than other PS enclave. But landfill is still there, and when we talk about PS, we can never forget about landfill.
Cemetery is another factor may push FCBs away from PS3. I don't know whether this has been shown in the open price)
cheetos said:
Just looked up the affordable housing plan for PSIII. There will approximately be the same number of affordable housing units as Woodbury. It will be located at the southeast corner of Still Night and Oak Forest.
See:
http://www.cityofirvine.org/community-development/affordable-housing for all Irvine affordable housing units/locations.
See: http://www.irvinequickrecords.com/s...tg4e33iwtmsmawe/1552220303022016103512638.PDF
Map of PSIII affordable housing location map and the site plan for the complex.
See:
http://www.treasurer.ca.gov/ctcac/staff/2015/20150318/817.pdf for the number/type of units including monthly rent.
Although this has not been a deal breaker for Woodbury buyers, would it be for Cressa?
See:
http://www.cityofirvine.org/community-development/affordable-housing for all Irvine affordable housing units/locations.
See: http://www.irvinequickrecords.com/s...tg4e33iwtmsmawe/1552220303022016103512638.PDF
Map of PSIII affordable housing location map and the site plan for the complex.
See:
http://www.treasurer.ca.gov/ctcac/staff/2015/20150318/817.pdf for the number/type of units including monthly rent.
Although this has not been a deal breaker for Woodbury buyers, would it be for Cressa?
well...I think some of these factors is well known in Irvine..
But buying home in Irvine not only need to think about these factors, but also need to think about price. >
Everybody has different situation. PS is cheap for some reasons, some people buy cheap, some people won't
But buying home in Irvine not only need to think about these factors, but also need to think about price. >
Everybody has different situation. PS is cheap for some reasons, some people buy cheap, some people won't eyephone said:
pricedoutJay
New member
agree but as long as some folks are willing to pay, that will be the "fair" pricing... Good for folk who have houses already and even better if yousold yours for big profit...Bullsback said:
If it's not sustainable without job and income growth like in San Jose or San fran... it maybe different story in the future... but then again inflation would may bail out buyers at peak....
Perspective
Well-known member
JLin said:
What's the catch? Why are prices here so much lower than comps in other new villages?
It's just like when Northwood Point first opened. I remember going out there and thinking it's out in the boonies. It was brown, lots of dirt, nothing around. My friend's sister bought a sfr for $350k. Now the same type of house around there is going for $900-1mil.
It's after Northwood HS opened and got a really good reputation, is when everyone wanted to move there and that drove the house values up.
It's after Northwood HS opened and got a really good reputation, is when everyone wanted to move there and that drove the house values up.