Portola Springs - Sendero

NEW -> Contingent Buyer Assistance Program
<strong><strong>Here's the latest info I got today:</strong>


<u>


PRICING</u>


</strong><strong>Phase 1A & 1 B (Prices effective January 18, 2007, Estimated COE December 2007)</strong><strong></strong>





<strong>Homesite Residence Address Price Approx. Square Feet</strong>





<strong>Building 18</strong>


96 FR 145 Pathway $600,880 1,752 - SOLD


97 DR 147 Pathway $575,880 1,685 - SOLD


98 F 149 Pathway $600,880 1,752 - SOLD





<strong>Building 17</strong>


91 C 136 Long Grass $666,880 2,106


92 CR 138 Long Grass $666,880 2,106


94 A 142 Long Grass $531,880 2,457


95 B 146 Long Grass $664,880 2,958 - SOLD





<strong>Building 16</strong>


100 ER 141 Pathway $507,880 1,312


101 DR 139 Pathway $575,880 1,685 - SOLD


102 C 137 Pathway $666,880 2,106 - SOLD


103 A 135 Pathway $531,880 1,457 - SOLD


104 B 133 Pathway $642,880 1,958 - SOLD





<strong>Residence Key:</strong>


A - Pathfinder


B - Innovator


C - Entertainer


D - Romancer


E - Traveler


F - Explorer


R - Reverse Plan
 
<p>mediaboyz,





so you went to the phase release? what was the turnout like? based on the previous release, there will probably be a several people backing out as always. </p>
 
Hmm, I found out there is a listing on Ziprealty listing courtesy of JLH REALTY & CONSTRUCTION, INC. I guess the builder is not getting enough traffic??


This is definitely a Plan C with the pricing the same as above at $666,880.





<strong>http://tinyurl.com/ytwsgx</strong>
 
<p>Price sheet as of August 30th, 2007:</p>

<p>Home site Residence Price Size</p>

<p>89 FR $600,880 1,752 sqft</p>

<p>90 DR $575,880 1,685 sqft</p>

<p>91 C $666,880 2,106 sqft</p>

<p>93 D $575,880 1,685 sqft</p>

<p>99 E $499,880 1,312 sqft SOLD</p>

<p>94 A $531,880 1,457 sqft SOLD</p>

<p>95 B $642,880 1,958 sqft SOLD</p>
 
<p>I also noticed that they have something called "The Promise."</p>

<p>"if before you close escrow, real estate market conditions cause us to offer more favorable purchase terms to the buyers of other homes in the neighborhood in which your home is located, including any reduction in the purchase price of the model plan you are purchasing, we PROMISE to adjust the terms of your purchase to allow you to take advantage of the more favorable terms."</p>
 
<p>"The Promise" -- that's interesting.</p>

<p>Speaking of which, LL, have you had any discussions with the sales counselors at BC about getting a reduction in your purchase price? The reason I ask is because some of those homes are starting to fall out of escrow, and one I noticed is priced $25k below what it originally went for (and that's upgraded, so probably more like $50-75k below what it was originally priced for). Add to that the much lower prices at Coastline and the (probable) price reductions in future phases at BC, and I am thinking they will be willing to deal. Just wondering.</p>
 
<p>Marty -</p>

<p>I haven't talked to them...but I haven't closed escrow yet, so I guess there's still time. I'll ask them next time I visit.</p>

<p>I'm waiting to see how the prices will be set for the next Phase. I don't think they'll lower the prices for newly released homes, ie. the upcoming Phases, just because if they lower the base price below other purchasers' base prices, then they'd have to go back and match the new base price. That's what I got from "The Promise."</p>

<p>How's your wheeling and dealing going?</p>
 
<strong>An update from our visit today - Phase ??</strong><strong></strong>





<strong>Homesite Residence Address Price Approx. Square Feet</strong>





89 F 132 Longrass $600,880 1,752


90 DR 134 Long Grass $575,880 1,685


91 C 136 Long Grass $666,880 2,104


93 D 140 Long Grass $575,880 1,685


<strong></strong>




<p><strong>Price sheet as of ?? - NO change in prices:</strong></p>

<p><u>Residence Price Size


</u>A $531,880 1,457 sqft


B $642,880 1,958 sqft


C $666,880 2,106 sqft


D $575,880 1,685 sqft


E $499,880 1,312 sqft


F $600,880 1,752 sqft</p>
 
If I understand this right. They put constructiuon on hold, wait for people to close escrow THEN they will decrease the prices so they won't have to decrease the sale price of the first few homeowners.





Are they allowed to do this on purpose...I guess, but it sux for poor homebuyers.
 
Stopped in yesterday:



Residence A - From the $500's. Next availability early 2009



Residence B - From the $600's. Next availability early 2009



Residence C - $578,880



Residence D - $540,880



Residence E - From the $400's. Next availability winter 2008



Residence F - $551,880
 
Wow so does that mean they're not going to build anymore of the Plan A and Bs? What about the other model homes? Or are they stopping all construction in Portola?
 
I haven't seen 61 Scarlet Bloom yet but that fits my criteria almost exactly, about 1500 sf one level condo. I love our 1300 sf one level apartment in a new IAC complex, but rental parity value for 61 Scarlet Bloom would put it at $375,000, given the high $375 HOA and 1.8% total prop taxes despite the couple hundred extra square feet. I'll take a look at it hopefully today but it looks like it has another $200,000 in price reductions before it makes sense. Plus the one thing I fear with a condo as compared to a single story detached which I would pay a premum for, is the high probability of hearing the stomping sounds of footsteps day and night.
 
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