So you live in Yorba Linda?meccos12 said:nyc to oc said:meccos12 said:eyephone said:meccos12 said:Rice Vino said:stephen said:Laniakea said:how much of appreciation do you guys expect the homes in HC after 3 years? Will they hit 3mil?
Marbella - easily, Capri - likely.
The first Marbella resales will for sure be over $3MM, considering many of the early phase buyers will be in for nearly that much, maybe even more, after its all said and done. Toll is also known for ridiculous, over the top models, and I could see those listing at $4MM+ which would boost the price of the neighborhood. In their nearly completed Amalfi Hills development in Yorba Linda, the Positano models sold for $3.2MM and $3.5MM, and new homes there sold mostly in the $1.8 - $2.1MM range.
Toward the end of Amalfi development, many homes sold into the $3M range. It was just a 8-10 month wait for buildout, which coincided with much of the recent appreciation spike. In other words, Toll missed the majority of the surge in that dev.
I think there is some exaggeration in the pricing of these homes. Only two homes I know of sold in 3M range at Almafi hills. They were the two model homes which were absolutely stunning. Like the original poster said, other Positano homes I know of sold between 1.6-2.4M. Most seem to have sold around 1.8-1.9M The homes sold at higher price points seemed to have had larger larges and awesome views. As a side note, Toll brothers has another development called the estates which are selling pretty much the exact same models. Lots sizes slightly smaller and location not nearly as good as amalfi hills, even though its just down the street. These homes now selling for as low as 1.45M. They are having a much more difficult time selling these even at a much lower price point...
How do you know they are having a hard time? I thought they haven't even finish building the model homes.
My statement was relative. I said they are having a much more difficult time selling the estates than positano. Most of it was likely due to timing. Positano was selling during the manic year of 2013. They had cash buyers lining up. If you didnt have cash, you didnt buy. With the estates, they are always advertising, having monthly specials and yet they are not selling nearly as fast or easily. Last time I checked they only sold 30-40% of their homes and I believe they have been selling for 6 months now. They finally got their models up and I believe they had another event this past weekend there with food trucks, etc ,etc. There are only about 50 homes in this build if I remember correctly. Positano and sorrento (another neighboring tract which had slightly smaller homes and lot sizes) had twice the number of homes than estates and they were built out fairly quickly.
All I can say is from what I have seen, estates are having a much harder time... i guess you just have to take my opinion on this.
I went to take a look at this development yesterday. I wasn't impressed by the location and overall community design. Directly off a major road (Bastanchury), with no sidewalks, no "entrance", a small isolated clump of 50 houses, with no community amenities and right next to the athletic fields/stadium for the high school. You know that's going to be LOUD during night games. My overall impression of the area was hot, dusty, fire risk central, and yesterday wasn't even all that hot. Its far from the freeways too.
I think the house plans and lot sizes look nice and you get more house for your money compared to Irvine, but the prices are not discounted enough compared to places like Irvine to make up for the relative weak points in the surrounding environs.
Its too bad, I would like to find a house I like in Yorba Linda, since I work in North OC, and living north would make my commuting life much easier. I wish Hidden Canyon could work for me as a location, but its too far. The commute from Irvine sucks and is getting worse every day.
Agree the location is REALLY horrible. Like you said, its right next to the football field and there is always something going on there. I can hear football games from a mile away, I cant imagine how loud it will be next door. Furthermore, there will be no way to enter the tract if you are coming from east bastanchury, nor can you turn left when leaving the tract. You will literally need to make U-turns which is ridiculous. The city will not permit either a light nor a break in the road dividers for left turns into the tract nor left turns out of the tract. I wouldnt consider this build unless they dropped the prices by at least 20% for the "hassle factor" of living there. At the current price points, it doesnt make sense...
Hidden Canyon in Irvine
- Thread starter lcms2002
- Start date
NEW -> Contingent Buyer Assistance Program
First time I saw them in a Toll Brothers home, I was impressed. But, since then, they do it so often, that to a certain extent it's if you've seen one Toll Brothers home you've seen them all. Except for the wow factor, there doesn't seem to be any utility to having a double staircase.
Sound of Music re-enactments?
ps9 Prom Moments?
I went to take a look at this development yesterday. I wasn't impressed by the location and overall community design. Directly off a major road (Bastanchury), with no sidewalks, no "entrance", a small isolated clump of 50 houses, with no community amenities and right next to the athletic fields/stadium for the high school. You know that's going to be LOUD during night games. My overall impression of the area was hot, dusty, fire risk central, and yesterday wasn't even all that hot. Its far from the freeways too.
I think the house plans and lot sizes look nice and you get more house for your money compared to Irvine, but the prices are not discounted enough compared to places like Irvine to make up for the relative weak points in the surrounding environs.
Its too bad, I would like to find a house I like in Yorba Linda, since I work in North OC, and living north would make my commuting life much easier. I wish Hidden Canyon could work for me as a location, but its too far. The commute from Irvine sucks and is getting worse every day.
[/quote]
Just curious, how much is the HOA?
[/quote]
Its $170 a month, for basically nothing other than maintenance of the slopes.
I think the house plans and lot sizes look nice and you get more house for your money compared to Irvine, but the prices are not discounted enough compared to places like Irvine to make up for the relative weak points in the surrounding environs.
Its too bad, I would like to find a house I like in Yorba Linda, since I work in North OC, and living north would make my commuting life much easier. I wish Hidden Canyon could work for me as a location, but its too far. The commute from Irvine sucks and is getting worse every day.
[/quote]
Just curious, how much is the HOA?
[/quote]
Its $170 a month, for basically nothing other than maintenance of the slopes.
Can't wait to check out the models when they open. I am seeing some lots being very close to that water tank (closest to the 133). What are your thoughts on having a house so close to a water storage tank. Do you think the property will get dinged for that upon resale? (Refer to post# 34 on page 3 for the map.)
We ended up buying in HC about a month ago, and I asked about this same issue. The area in the front of the community is a water retention basin that is unlikely to be filled with water very often. I think it's more for run-off. The way the developer has designed it, I don't expect it to be a resale issue.
irvinehomeowner
Well-known member
What if you don't see ghosts... are they still there?
rkp said:
First time I saw them in a Toll Brothers home, I was impressed. But, since then, they do it so often, that to a certain extent it's if you've seen one Toll Brothers home you've seen them all. Except for the wow factor, there doesn't seem to be any utility to having a double staircase.
irvinehomeowner
Well-known member
Stair races?NYT said:
Sound of Music re-enactments?
ps9 Prom Moments?