Fresco @ Eastwood Village

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Irvinehomeseeker said:
Danimal said:
IrvineForever said:
How?s your timeline coming along?.have they been keeping their closed date or keep pushing?

So far it?s pretty much on track. They even moved the closing date a week earlier in May.

6 homes went from just concrete foundation to full frame with the roof in a matter of 3-4 weeks.

IP is building too fast...watch out for quality of build. Builders want to take advantage of the market. Those so called semi releases are a way to gauge the market and increase prices on homes with a smaller batch.

I think OH4 will come up ahead of schedule, homes may get sold in OH4 even before Models go up :)
 
Just looked at the price sheet for the latest phase in Eastwood and notice the Plan 3X has gone up by $150k compared to last phase?both lots are on the same street, identical size and both are not corner lots, etc.  Congrats to the buyers who bought in last phase and make a huge profit in such short period
 
linus said:
Just looked at the price sheet for the latest phase in Eastwood and notice the Plan 3X has gone up by $150k compared to last phase?both lots are on the same street, identical size and both are not corner lots, etc.  Congrats to the buyers who bought in last phase and make a huge profit in such short period

I had a choice between corner lot 3x French vs non corner lot 3x Tuscan. It was a no brainer for us to select corner one for $10k more.

Can you upload the latest price sheet? Thanks
 
Danimal said:
linus said:
Just looked at the price sheet for the latest phase in Eastwood and notice the Plan 3X has gone up by $150k compared to last phase?both lots are on the same street, identical size and both are not corner lots, etc.  Congrats to the buyers who bought in last phase and make a huge profit in such short period

I had a choice between corner lot 3x French vs non corner lot 3x Tuscan. It was a no brainer for us to select corner one for $10k more.

Can you upload the latest price sheet? Thanks

Usually, Tuscan elevation has a $5k to $15k premium (Bluffs 1 Tuscan is $15k and Bluffs 2 Tuscan is $5k), so the corner lot premium is probably more than $10k. But it's still worth it for a corner lot.
 
Danimal said:
linus said:
Just looked at the price sheet for the latest phase in Eastwood and notice the Plan 3X has gone up by $150k compared to last phase?both lots are on the same street, identical size and both are not corner lots, etc.  Congrats to the buyers who bought in last phase and make a huge profit in such short period

I had a choice between corner lot 3x French vs non corner lot 3x Tuscan. It was a no brainer for us to select corner one for $10k more.

Can you upload the latest price sheet? Thanks

For your reference, prices in Phase 14 so far as follows, Plan 1X is $1.67M (Conservatory optional), Plan 2X is $1.87M (Conservatory included) and Plan 3X is $1.948M (No conservatory)
 
linus said:
Danimal said:
linus said:
Just looked at the price sheet for the latest phase in Eastwood and notice the Plan 3X has gone up by $150k compared to last phase?both lots are on the same street, identical size and both are not corner lots, etc.  Congrats to the buyers who bought in last phase and make a huge profit in such short period

I had a choice between corner lot 3x French vs non corner lot 3x Tuscan. It was a no brainer for us to select corner one for $10k more.

Can you upload the latest price sheet? Thanks

For your reference, prices in Phase 14 so far as follows, Plan 1X is $1.67M (Conservatory optional), Plan 2X is $1.87M (Conservatory included) and Plan 3X is $1.948M (No conservatory)
That?s crazy. From phrase 12 to 14, 3x went up around $200k.  So glad we didnt defer our turn in phrase 12 for Model 1x.
 
Does anyone know if IP offers 1 year walk through to fix certain things after 1 year COE like some builders?

Thanks,
 
Danimal said:
Does anyone know if IP offers 1 year walk through to fix certain things after 1 year COE like some builders?

Thanks,

Any cracks wider than a hairline at the interior or exterior due to the house settling in they will address at the 1 year mark. They also offer a move in touch up 1 month after moving in.
 
Danimal said:
Does anyone know if IP offers 1 year walk through to fix certain things after 1 year COE like some builders?

Thanks,

Yes. They did for my home. Eg of things they fixed for me over the course of a year: cabinet issues, countertop chip in a bathroom, touch up paint (think they just offer this one time, so we did it towards end of year 1)
 
We just did stage 4 upgrades today which includes engineer wood floor, upgrade carpets, upgrade tiles for all bathrooms, powder and laundry, split plantation shutters for all windows except kitchen windows which gets Hunter Douglas blind. 

Few things worth mentioned:
- Wolf appliances is confirmed.
- Discount for model 3x flooring upgrade increases to $3200. Pocket change for what we pay for the upgrades 😀.
- IP designer would not give me blueprint of the house  but allowed me to take screenshots.



 
Danimal said:
We just did stage 4 upgrades today which includes engineer wood floor, upgrade carpets, upgrade tiles for all bathrooms, powder and laundry, split plantation shutters for all windows except kitchen windows which gets Hunter Douglas blind. 

Few things worth mentioned:
- Wolf appliances is confirmed.
- Discount for 3x flooring upgrade increases to $3200. Pocket change for what we pay for the upgrades 😀.
- IP designer would mot give me blueprint of the house  but allow me to take screenshots.

Was it changed from $2719 to $3200? Did you get any agreement allowance?

When we did our stage 4 upgrades, we upgraded all downstairs, plus upstairs bathrooms and laundry room to 24"x24" polished porcelain, and stairs and all upstairs to LVP. Total for flooring was ~$48k, but with the discount and allowance, it came down to ~$41k.

We did basswood shutters for all the windows except big windows in master bed and bedroom 2 (which opens to juliet balcony) and the sliding doors in dining room and great room. We did the Lutron roller shades for the sliders.

All in all, we spent a lot on stage 4. Our total for all the upgrades was about $135k. We really did upgrade everything.  :P
 
CalBears96 said:
Danimal said:
We just did stage 4 upgrades today which includes engineer wood floor, upgrade carpets, upgrade tiles for all bathrooms, powder and laundry, split plantation shutters for all windows except kitchen windows which gets Hunter Douglas blind. 

Few things worth mentioned:
- Wolf appliances is confirmed.
- Discount for 3x flooring upgrade increases to $3200. Pocket change for what we pay for the upgrades 😀.
- IP designer would mot give me blueprint of the house  but allow me to take screenshots.

Was it changed from $2719 to $3200? Did you get any agreement allowance?

When we did our stage 4 upgrades, we upgraded all downstairs, plus upstairs bathrooms and laundry room to 24"x24" polished porcelain, and stairs and all upstairs to LVP. Total for flooring was ~$48k, but with the discount and allowance, it came down to ~$41k.

We did basswood shutters for all the windows except big windows in master bed and bedroom 2 (which opens to juliet balcony) and the sliding doors in dining room and great room. We did the Lutron roller shades for the sliders.

All in all, we spent a lot on stage 4. Our total for all the upgrades was about $135k. We really did upgrade everything.  :P

It went from $2900 to $3200.

We did all upstair and stair with low nylon carpet. Our current home has wood stair and my son fell on it several time so we decided to go with carpet. Hardwood floor for entire downstair except powder and master suit bath took a big bite out of our pocket.  Upgrading all bathroom tiles are not too bad 😀.

Since IP doesnt provide drapery, we will go with outside vendor for drapery for 2 three panel sliding doors, downstair master suit big window, upstair master suite big window.
 
Irvinehomeseeker said:
Skip the waiting lists and bid on this brand new Fresco build -https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)


Looks like the Fresco sales office finally caught up with the resale market value. Floor plan 3 witnessed a very steep price hike of $ 260K on 2 steps across the span of 2 months. Starting with a phase 13 base price of 1.8M around mid Dec then a 150K pump for phase 14b, shortly followed by another 110K pump for phase 14c. No floor plan 3 was offered in phase 14a. Now when you add the design center upgrades to the base price of 2.166M, you get the 2.3M asking of 104 Parakeet and IP is made whole again !
 
Yousr said:
Irvinehomeseeker said:
Skip the waiting lists and bid on this brand new Fresco build -https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)


Looks like the Fresco sales office finally caught up with the resale market value. Floor plan 3 witnessed a very steep price hike of $ 370K on 2 steps across the span of 2 months. Starting with a phase 13 base price of 1.8M around mid Dec then a 160K pump for phase 14b, shortly followed by another 210K pump for phase 14c. No floor plan 3 was offered in phase 14a. Now when you add the design center upgrades to the base price of 2.166M, you get the 2.3M asking of 104 Parakeet and IP is made whole again !

Are you sure that phase 14c doesn't already include pre-selected upgrades up to stage 3? Or possibly even stage 4? A co-worker of mine bought floorplan 2 (with conservatory and loft) in January and he was already past stage 2 cutoff. Danimal just did his stage 4 upgrade yesterday, so it's possible that phase 14c is also past stage 4 cutoff.
 
CalBears96 said:
Yousr said:
Irvinehomeseeker said:
Skip the waiting lists and bid on this brand new Fresco build -https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)


Looks like the Fresco sales office finally caught up with the resale market value. Floor plan 3 witnessed a very steep price hike of $ 370K on 2 steps across the span of 2 months. Starting with a phase 13 base price of 1.8M around mid Dec then a 160K pump for phase 14b, shortly followed by another 210K pump for phase 14c. No floor plan 3 was offered in phase 14a. Now when you add the design center upgrades to the base price of 2.166M, you get the 2.3M asking of 104 Parakeet and IP is made whole again !

Are you sure that phase 14c doesn't already include pre-selected upgrades up to stage 3? Or possibly even stage 4? A co-worker of mine bought floorplan 2 (with conservatory and loft) in January and he was already past stage 2 cutoff. Danimal just did his stage 4 upgrade yesterday, so it's possible that phase 14c is also past stage 4 cutoff.

I know that for the Fresco extension phases, floor plan 3 doesn?t entertain a conservatory option. The extension lots are much smaller and the setback won?t allow it. The only exception to this rule are a couple of premium larger lots that are yet to come in future phases. The price sheet mentions a bonus room is included, but so does 104 Parakeet. Other than that not sure what later stage upgrades are included. I spoke with the sales office last month and they mentioned they are aware of the 104 Parakeet asking price without me mentioning it. I?m sure it had some sway on their pricing.

P.S. I adjusted the second hike in the OP to reflect the bonus room upgrade
 
Irvinehomeseeker said:
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it?s in a T-bone location. Not good for fengshui.
 
Danimal said:
Irvinehomeseeker said:
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it?s in a T-bone location. Not good for fengshui.

Why are all the good ones in a T-junction? lol

I was offered Highland 1 with decent lot size and privacy, but it was in a T-junction. I guess that's the reason people in front of me passed on it.
 
Danimal said:
Irvinehomeseeker said:
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it?s in a T-bone location. Not good for fengshui.

Not good for Vastu (indian system of Architecture) as well.
 
Irvinehomeseeker said:
Danimal said:
Irvinehomeseeker said:
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it?s in a T-bone location. Not good for fengshui.

Not good for Vastu (indian system of Architecture) as well.

T-intersections are a universal negative.
 
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