Portola Springs - Bougainvillea

NEW -> Contingent Buyer Assistance Program
doubtful. they are the slowest to reduce prices. Does anyone know the current pricing and incentives? if the first residence is 664k with no incentive than prices havent changed since last April.
 
i was thinking the same thing as troop, sounds just like a sales pitch they would do, even use the caps like most realtors.
 
No affiliation with KB or any other homebuilder. Prices have not changed since last year - but all prices are negotiable. A residence 2 fell out of escrow - $680,000 (with price reduction and various upgrades included).
 
I rec'd this card in the mail yesterday and I will definitely be checking out the new Plan 1s. I really, really liked the floorplan, probably best of all that I've looked at, except at two bedrooms it was just too darn small.





So if Orchard Hills never gets built, I might be seriously looking at these in 09/10. They definitely need to come down a lot, though, in order for me to crack open my CDs for the downpayment. Can you say, Mello Roos and HOAs?
 
<p>Stopped here today. Pricing same as the November 28 post:</p>

<p>Plan 1 - From $664,880</p>

<p>Plan 2 - From $688,880</p>

<p>Plan 3 - From $755,880</p>

<p>Quick Move In Plan 1 -- Lot 39 (67 Homeland) - $699,751 (incl $45k in upgrades). </p>

<p>Mello-Roos is now listed at $5,900/yr and HOA is $313/mo current and $275/mo at build out. I wonder how "quick" they will get somebody to move into 67 Homeland with it priced at $419/sq ft and over $800/mo just for Mello-Roos and HOA....</p>
 
"Have they sold any?"



I was here just shortly after the new year and the sales lady said that they were the best selling product in portola (not saying i believe her... it's just what she said). Also, that lot Lot 39 was priced at 714,990 and she said the only incentive was 1% of purchase price towards closing.
 
they probably are the best selling in portola if they sold one. something must be up with portola...other builds have been able to reduce their prices while all the builds in portolas have barley budged if at all.
 
<strong>4/4/2008</strong>



Plan 1 - Starting from $642,320

Plan 2 - Starting from $664,860

Plan 3 - Starting from $730,905
 
[quote author="vtech22a" date=1207980266]Thanks k.o.



Wow, prices have dropped. Now I can't sell my house to buy this. Darn.</blockquote>


No prob!



For a nice warm spring day, there really were not that many people looking at these homes. One could argue that people were out having fun instead of looking at homes, but on the flip side I'd argue that few are interested in these new homes.
 
[quote author="ndiddy" date=1208129036]does anyone know if there are any incentives with this pricing?</blockquote>


I do not believe that they were offering any additional incentives. I will check my notes and the brochures, but think that they didn't have any closing cost, free upgrades, or other "goodies" included.
 
Got this email from Bougainvillea yesterday:





An Opportunity to Customize Your Home



The plan 3 with the third story loft (3-4 bedrooms ? 2,260 sq.ft.) and the plan 2 with master retreat (3 bedrooms ? 1,922 sq.ft.) will be available in the next week or so and we are getting pre-qualified buyers ready for purchase. These homes will be ready for move-in around March of 2009.



Please give me a call should you have any questions. The great thing about purchasing now is that you will be able to customize your home.







I look forward to hearing from you soon.







Direct link to Bougainvillea: http://www.kbhome.com/Community.aspx?CommID=00450325



Villages of Irvine villagesofirvine@information-mailer.com







Sincerely







Deborah Reidinger



KB Home



Bougainvillea @ Portola Springs



40 Bell Chime



Irvine, CA 92618



949-552-2805 Phone



949-552-2807 Fax



dreidinger@kbhome.com
 
I noticed this on the site:

"Right Now You Can Own From $4,833 A Month"... E. Gads! <strong>$4,833 / mo.</strong> Then the fine print says:





*Advertised monthly payment assumes a sales price of $652,797 and includes principal, interest, taxes, insurance and estimated private mortgage insurance premium only; any other fees such as HOA not included. Scenario assume borrower qualifies for a FHA 30-year fixed rate mortgage loan of $629,460 with an interest rate of 6.5% / 6.525% APR. Also assumes buyer pays down payment of 5% of the sales price and pays all applicable closing costs. Scenario assumes the buyer has good credit, sets up a tax & insurance escrow account, and provides full documentation. Rates effective 9/24/2008 and subject to change without notice. This offer subject to underwriting guidelines and is available only for owner-occupied homes; non-owner-occupied homes are subject to additional restrictions and qualifying requirements.



This offer is only available through Countrywide KB Home Loans, LLC. However, financing may be obtained through any other lender."



... Well that sure is assuming a lot. Ok and that would be for what... a 2 bedroom? Best case scenario your total monthly costs are over $5k/mo for that 2 bedroom. LOL. Good luck to them!
 
I have a friend who purchased a Plan 3 with loft last year. I am constantly waiting for the property tax information to come online so I can see how much the actual Mello Roos cost is. PS is supposed to be brutal in that.



Its a great looking place, interior is nice. Master bedroom/bathroom (takes up half the 2nd floor) is very nice but the other 3 bedrooms are the tiniest bedrooms I have ever seen. I am not sure of the exact purchase price due to incentives and the improvements he got. But either way I would never think of touching this place at the 700k price tag.
 
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