[IHB] Eastwood Village: Petaluma Neighborhood Review

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Great article. Petaluma is a detached condo???  :o

I thought it was a single family detached, hence the low HOA. Oh Mann, isn't it like Jasmine and Jasmine is sfd.  :-[
 
superbobbay said:
Great article. Petaluma is a detached condo???  :o

I thought it was a single family detached, hence the low HOA. Oh Mann, isn't it like Jasmine and Jasmine is sfd.  :-[
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Jasmine is also a detached condo. Marin, Marigold, Corte Bella, Terrazza, all are detached condos.

 
Detached condo yup. what's funny is the big Petaluma sign outside the model homes says "single family residences"
 
I don't think it is officially classified as a SFR though. Does this mean that the value won't appreciate as typical SFRs do over condos?

 
That and Hoa is most likely higher, and sometimes true for lending/refi rates.

Obviously better than attached condo, and better to have no common wall/not zero lot lines.
 
I believe the main difference between a detached condo and an true SFR is that there is no common land (i.e. common driveway) with an SFR.  Otherwise, they are treated the same.  Even your insurance company will treat it the same. 

As far as value, a true SFR is worth more than a detached condo, but that doesn't necessarily mean it will APPRECIATE (in % terms) any faster.  There are too many other factors at play to properly predict the correct answer, such as scarcity of SFRs and home affordability. 
 
AW said:
That and Hoa is most likely higher, and sometimes true for lending/refi rates.

Obviously better than attached condo, and better to have no common wall/not zero lot lines.
Click to expand...

HOA is not necessarily higher for a detached condo vs. an SFR. 
 
paydawg said:
AW said:
That and Hoa is most likely higher, and sometimes true for lending/refi rates.

Obviously better than attached condo, and better to have no common wall/not zero lot lines.
Click to expand...

HOA is not necessarily higher for a detached condo vs. an SFR.
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True, but if they find a way to tack on more,... Like 'taking care' of the front landscaping even though it's just 2 plants and a square sod of grass and whatnot.
 
AW said:
paydawg said:
AW said:
That and Hoa is most likely higher, and sometimes true for lending/refi rates.

Obviously better than attached condo, and better to have no common wall/not zero lot lines.
Click to expand...

HOA is not necessarily higher for a detached condo vs. an SFR.
Click to expand...
True, but if they find a way to tack on more,... Like 'taking care' of the front landscaping even though it's just 2 plants and a square sod of grass and whatnot.
Click to expand...

Maybe true...but that "tack on" is for all properties.  The detached condos and the SFRs.  That amount is fairly negligible anyways.  I don't remember what the EW HOA is, but if it's under $150 and you're getting those parks, pools, and your dinky front landscaping taken care of, it seems to be a fair price. I believe the PS neighborhoods have a double-HOA, which seems a little ridiculous. 
 
Irvine or Bust said:
paydawg said:
detached condos ARE single family residences
Click to expand...

Wait...so there is no difference between a detached condo and a SFR?
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One way to look at it is based on city building permit classification.

Traditional SFR (Single Family Detached Residential Unit) requires 15 feet front, 5 feet side and 10 feet rear setbacks. Any detached SFR does not meet these setback criteria will be classified as detached condo.

Petaluma does not have a driveway, does not have a front 15 feet setback, thus it's classified as Detached Condo. 

 
Confusing for sure, the "condos" without sub Hoa that I recall usually means they're a shorter distance to the sidewalk/super short driveway/short setbacks, packing in as many units as they can in the lots the builder bought.
 
There is a thread about this somewhere but SFDs <> SFRs.

At least to me they don't.

And some detached condos have a sub-HOA, some don't.

But, if I were buying this type of product, I would definitely put more emphasis on the "detached" part and no sub-HOA. A detached condo is fine, just don't pay extra HOA.
 
acf said:
Some Petaluma's have their own dedicated driveway btw.
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I not familiar with these few lot with the driveway but if they have full 15' front setback front the curve, they actually qualify as a true SFR.  However, they are still listed as detached condo on the record because when the builder applied the construction permit for the entire Petaluma project, they applied the entire project as detached condo even if few units can qualify as true SFR. 

IP probably going to charge $30k+ for the driveway premium as I remembered Saratoga (Terrazza's predecessor in Stonegate) have few unite with a actual driveway and IP charges $35k premium for them. 

If you have the opportunity to get the one with the driveway, get them.  They'll worth every penny. 
 
I believe the front driveways are over 18 feet in length. I guess that qualifies as a 15 foot setback? yes about 35k premium.

remember the front yard is still maintained by the hoa. because of this could you still consider it a SFR?
 
As Inc mentions, it's based on the permit, so if you do buy it, on paper it's not a sfr, that kinda sucks when trying to sell it and explaining to potential buyers because there'll be a subset buyer pool who'd never believe it...
 
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