Irvine or Bust
New member
Laguna21 said:
lol....I think Jonah is probably the only one from Strada that keeps driving by Capella and commenting on the Capella thread. Fun read.
Orchard Hills - Capella by Taylor Morrison
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lol....I think Jonah is probably the only one from Strada that keeps driving by Capella and commenting on the Capella thread. Fun read.
Not sure about Capella, but seems like some of Strada's FCB don't buy as a primary house but as a rental property. If that trend continues, you might be right about the 10 yrs outlook, only time will tell. I just find it odd to see someone so passionate about one particular community they don't live in.
I've seen both. Strada should trade a solid 200k below Capella at resale. I would be nervous buying a Strada these days when Capella can be had for just a small bit more. At current prices, Strada resale will suck bad, you lose a $100k the day you close escrow. Capella, at least you'll get your money back at current prices.
Totally agree with you there. We've looked at many homes in Irvine, haven't pulled the trigger yet, but the way I see it, Capella is a bargain. No matter how you dice it, Capella will always appraise above Strada, and while Strada is selling well now, for long-term value and appreciation, Capella gets my vote.
I think both suck, but capella sucks a bit less...
Now you've done it, Strada buyers are forming a mob as we speak.
Those are reasonable theories on market preferences from your perspective. However, if they're accurate, then how do you explain current pricing at Capella and Strada? Buyers over the last few months have presumably visited and considered both developments, and have spoken with their pocketbooks. Are all of these current buyers "wrong"? Why will future buyers have different preferences than current buyers?
So your theory is that people are choosing Strada over Capella simply because they like Strada better, and not because of the price disparity? I sincerely doubt that theory holds, there's nothing special about Strada other than it being more affordable. If anything, Capella is slightly better than Strada for a # of reasons.
The price disparity between Capella vs Strada is a big stretch for some people, especially those that aren't FCB's. And some people simply don't qualify for loans in that range, nor want to take on the additional burden, if they plan on getting their loans paid off over the years.
But again, my theory could well be proven wrong. Will be interesting to see how this pans out in 10 years and how resale values hold, and where the disparity in pricing is between Strada and Capella at that time - but my hunch is that Capella is a bargain right now, especially since you are buying behind the gates among other more expensive homes.
lol....I think Jonah is probably the only one from Strada that keeps driving by Capella and commenting on the Capella thread. Fun read.
Irvine or Bust
New member
Laguna21 said:Irvine or Bust said:
Seriously, is he the official mascot?
@Jonah - We'll see where your Strada home is valued at in 10 years time vs the others, until then, keep talking the big game
Not sure about Capella, but seems like some of Strada's FCB don't buy as a primary house but as a rental property. If that trend continues, you might be right about the 10 yrs outlook, only time will tell. I just find it odd to see someone so passionate about one particular community they don't live in.
Lot of Strada cheerleaders with pom-poms around.Laguna21 said:Irvine or Bust said:
Seriously, is he the official mascot?
@Jonah - We'll see where your Strada home is valued at in 10 years time vs the others, until then, keep talking the big game
I've seen both. Strada should trade a solid 200k below Capella at resale. I would be nervous buying a Strada these days when Capella can be had for just a small bit more. At current prices, Strada resale will suck bad, you lose a $100k the day you close escrow. Capella, at least you'll get your money back at current prices.
Laguna21
New member
pisa said:Lot of Strada cheerleaders with pom-poms around.Laguna21 said:Irvine or Bust said:
Seriously, is he the official mascot?
@Jonah - We'll see where your Strada home is valued at in 10 years time vs the others, until then, keep talking the big game
I've seen both. Strada should trade a solid 200k below Capella at resale. I would be nervous buying a Strada these days when Capella can be had for just a small bit more. At current prices, Strada resale will suck bad, you lose a $100k the day you close escrow. Capella, at least you'll get your money back at current prices.
Totally agree with you there. We've looked at many homes in Irvine, haven't pulled the trigger yet, but the way I see it, Capella is a bargain. No matter how you dice it, Capella will always appraise above Strada, and while Strada is selling well now, for long-term value and appreciation, Capella gets my vote.
Laguna21 said:pisa said:Lot of Strada cheerleaders with pom-poms around.Laguna21 said:Irvine or Bust said:
Seriously, is he the official mascot?
@Jonah - We'll see where your Strada home is valued at in 10 years time vs the others, until then, keep talking the big game
I've seen both. Strada should trade a solid 200k below Capella at resale. I would be nervous buying a Strada these days when Capella can be had for just a small bit more. At current prices, Strada resale will suck bad, you lose a $100k the day you close escrow. Capella, at least you'll get your money back at current prices.
Totally agree with you there. We've looked at many homes in Irvine, haven't pulled the trigger yet, but the way I see it, Capella is a bargain. No matter how you dice it, Capella will always appraise above Strada, and while Strada is selling well now, for long-term value and appreciation, Capella gets my vote.
I think both suck, but capella sucks a bit less...
OC troll
New member
hello said:Laguna21 said:pisa said:Lot of Strada cheerleaders with pom-poms around.Laguna21 said:Irvine or Bust said:
Seriously, is he the official mascot?
@Jonah - We'll see where your Strada home is valued at in 10 years time vs the others, until then, keep talking the big game
I've seen both. Strada should trade a solid 200k below Capella at resale. I would be nervous buying a Strada these days when Capella can be had for just a small bit more. At current prices, Strada resale will suck bad, you lose a $100k the day you close escrow. Capella, at least you'll get your money back at current prices.
Totally agree with you there. We've looked at many homes in Irvine, haven't pulled the trigger yet, but the way I see it, Capella is a bargain. No matter how you dice it, Capella will always appraise above Strada, and while Strada is selling well now, for long-term value and appreciation, Capella gets my vote.
I think both suck, but capella sucks a bit less...
Now you've done it, Strada buyers are forming a mob as we speak.
Perspective
Well-known member
Nah, If there weren't a sufficient amount of folks who thought Strada sucked, prices would be even more ridiculous.
Laguna21
New member
It has less to do with which development sucks, and more to do with what price range each development is in.
Capella just happens to fall within the price range of the recent new-home sales decline, and overall homes at that price-point have had slow sales since late 2015.
No matter how you dice it, Capella is a better deal long-term, and I would pay the extra to have gated, on the most expensive side of OH (nothing to do with security, & more to do with price of homes) vs purchasing the most expensive home on the non-gated side amongst other cheaper homes.
But I guess in 5-10 years we can rehash this convo and see where it lies.
Capella just happens to fall within the price range of the recent new-home sales decline, and overall homes at that price-point have had slow sales since late 2015.
No matter how you dice it, Capella is a better deal long-term, and I would pay the extra to have gated, on the most expensive side of OH (nothing to do with security, & more to do with price of homes) vs purchasing the most expensive home on the non-gated side amongst other cheaper homes.
But I guess in 5-10 years we can rehash this convo and see where it lies.
Perspective
Well-known member
Laguna21 said:
Those are reasonable theories on market preferences from your perspective. However, if they're accurate, then how do you explain current pricing at Capella and Strada? Buyers over the last few months have presumably visited and considered both developments, and have spoken with their pocketbooks. Are all of these current buyers "wrong"? Why will future buyers have different preferences than current buyers?
Laguna21
New member
Perspective said:
So your theory is that people are choosing Strada over Capella simply because they like Strada better, and not because of the price disparity? I sincerely doubt that theory holds, there's nothing special about Strada other than it being more affordable. If anything, Capella is slightly better than Strada for a # of reasons.
The price disparity between Capella vs Strada is a big stretch for some people, especially those that aren't FCB's. And some people simply don't qualify for loans in that range, nor want to take on the additional burden, if they plan on getting their loans paid off over the years.
But again, my theory could well be proven wrong. Will be interesting to see how this pans out in 10 years and how resale values hold, and where the disparity in pricing is between Strada and Capella at that time - but my hunch is that Capella is a bargain right now, especially since you are buying behind the gates among other more expensive homes.
Perspective
Well-known member
There isn't much of a price difference today between Strada Plans 3s/3Xs and some Capella plans. In fact, Strada homes have sold with builder upgrades at higher prices than Capella Plan 2s are asking with builder upgrades.
I posted these a few weeks ago:
SOLD Strada Plan 3s:
$1,263,000 - 2,750 sq ft floorplan, 4,558 sq ft lot ($87K builder upgrades)
$1,280,500 - 2,693 sq ft floorplan, 3,862 sq ft lot ($142K builder upgrades)
$1,312,789 - 2,693 sq ft floorplan, 5,115 sq ft lot ($65K builder upgrades)
$1,327,665 - 2,693 sq ft floorplan, 4,089 sq ft lot ($126K builder upgrades)
$1,353,931 - 2,693 sq ft floorplan, 6,693 sq ft lot ($99K builder upgrades)
FOR SALE Capella Plans:
$1,260,698 - 3,059 Sq. Ft. floorplan, Ready Feb, Plan 2 at 139 Long Fence (homesite 51)
$1,294,145 - 3,222 Sq. Ft. floorplan, Ready Now, Plan 2 at 123 Long Fence (homesite 57)
$1,329,827 - 3,233 Sq. Ft. floorplan, Ready Now, Plan 1 at 104 Horseback (homesite 53)
$1,335,600 - 3,223 Sq. Ft. floorplan, Ready Now, Plan 3 at 121 Long Fence (homesite 58)
$1,383,456 - 3,223 Sq. Ft. floorplan, Ready Now, Plan 3 at 105 Horseback (homesite 56)
$1,441,720 - 3,223 Sq. Ft. floorplan, Ready Now, Plan 3 at 124 Long Fence (homesite 19)
I posted these a few weeks ago:
SOLD Strada Plan 3s:
$1,263,000 - 2,750 sq ft floorplan, 4,558 sq ft lot ($87K builder upgrades)
$1,280,500 - 2,693 sq ft floorplan, 3,862 sq ft lot ($142K builder upgrades)
$1,312,789 - 2,693 sq ft floorplan, 5,115 sq ft lot ($65K builder upgrades)
$1,327,665 - 2,693 sq ft floorplan, 4,089 sq ft lot ($126K builder upgrades)
$1,353,931 - 2,693 sq ft floorplan, 6,693 sq ft lot ($99K builder upgrades)
FOR SALE Capella Plans:
$1,260,698 - 3,059 Sq. Ft. floorplan, Ready Feb, Plan 2 at 139 Long Fence (homesite 51)
$1,294,145 - 3,222 Sq. Ft. floorplan, Ready Now, Plan 2 at 123 Long Fence (homesite 57)
$1,329,827 - 3,233 Sq. Ft. floorplan, Ready Now, Plan 1 at 104 Horseback (homesite 53)
$1,335,600 - 3,223 Sq. Ft. floorplan, Ready Now, Plan 3 at 121 Long Fence (homesite 58)
$1,383,456 - 3,223 Sq. Ft. floorplan, Ready Now, Plan 3 at 105 Horseback (homesite 56)
$1,441,720 - 3,223 Sq. Ft. floorplan, Ready Now, Plan 3 at 124 Long Fence (homesite 19)
They're not exactly clones of one another. For example, my personal preference, like the strata plan 3 over Capella. Especially since the Capella upstairs loft is tiny. I know folks who don't care about upstairs loft and such, but the floor plans are not exactly the same even though the size may be close.
Ready2Downsize
Well-known member
Capella vs Strada is like Northpark vs Northwood Pointe. Both built around the same time.
Northpark has some VERY NICE homes (and they are newer than most of Northwood Pointe) Northpark is in TUSD, guard gated. Northwood Pointe is in IUSD, some guard gated, some gated without a guard and some not even gated.
Over all Northwood Pointe goes for more per sq foot and has done so since they were originally sold 17-20 years ago. Beckman high, Orchard Hills and whatever TR middle school they go to are all on par with Irvine. You could spit if the wind was blowing the right way from Northpark and hit a house in Northwood Pointe. ONLY diff is the school district.
Capella will likely be the same as Northpark with those living there frustrated that they can't get what they think is fair value and wondering why Strada goes for more money.
If Capella was exactly the same as it is now but in IUSD, add on $$$ but sorry........ it's not ever going to be IUSD.
Northpark has some VERY NICE homes (and they are newer than most of Northwood Pointe) Northpark is in TUSD, guard gated. Northwood Pointe is in IUSD, some guard gated, some gated without a guard and some not even gated.
Over all Northwood Pointe goes for more per sq foot and has done so since they were originally sold 17-20 years ago. Beckman high, Orchard Hills and whatever TR middle school they go to are all on par with Irvine. You could spit if the wind was blowing the right way from Northpark and hit a house in Northwood Pointe. ONLY diff is the school district.
Capella will likely be the same as Northpark with those living there frustrated that they can't get what they think is fair value and wondering why Strada goes for more money.
If Capella was exactly the same as it is now but in IUSD, add on $$$ but sorry........ it's not ever going to be IUSD.
Laguna21
New member
As I said, I think Capella is a bargain right now and in my opinion, Strada is priced too high, and won't appreciate much over the years - Strada will never be behind the gates #1, and #2, they will always be the most expensive homes surrounded by cheaper homes.
The one clincher is the school district, even though TUSD is just as great, IUSD commands a higher premium.
I guess in 5-10 year's time it will be interesting to revisit this & see where prices are at, but according to the list of sold Capella homes, Capella is still much higher than Strada, which explains why some buyers are deterred - either don't want that big of a loan, or can't afford it.
The one clincher is the school district, even though TUSD is just as great, IUSD commands a higher premium.
I guess in 5-10 year's time it will be interesting to revisit this & see where prices are at, but according to the list of sold Capella homes, Capella is still much higher than Strada, which explains why some buyers are deterred - either don't want that big of a loan, or can't afford it.
irvinehomeowner
Well-known member
So IUSD > gate?