Sheldon at Greenwood

NEW -> Contingent Buyer Assistance Program
I had no doubts that Sheldon would sell well but the question is who is buying and for what purpose? Just because Standard Pacific can sell these units with high HOA with road noise issues and schools not open doesn't mean a flipper can do it and make money and it doesn't mean renters would choose to pay more to rent here than Tustin Ranch.

If flippers are buying I bet they'll turn into rentals.
 
Ready2Downsize said:
I had no doubts that Sheldon would sell well but the question is who is buying and for what purpose? Just because Standard Pacific can sell these units with high HOA with road noise issues and schools not open doesn't mean a flipper can do it and make money and it doesn't mean renters would choose to pay more to rent here than Tustin Ranch.

If flippers are buying I bet they'll turn into rentals.
Click to expand...

my guess it that it is families who no longer have kids or are doing private school no matter what, so schools are not an issue and want a more central location for shopping (South Coast Plaza, etc) and/or work nearby and want to reduce their commute.  I cant imagine there are many flippers buying here.
 
qwerty said:
shooby said:
qwerty said:
shooby said:
Just stopped by the office, guess I'm #64 on the priority list. Next phase release this Saturday at 10AM
Click to expand...

im surprised they told you what number you were.
Click to expand...

I didn't even have to ask. They offered. They were surprised at how "high" it was, as most people they've talked to that day were in the "300-400's".

They will skip over all contingent buyers on Saturday.
Click to expand...

well if they are not lying, it sounds like they are going to have a successful phase 2. if they sell out phase 2 on saturday, ill have to admit that sheldon will surpass my expectations, even as the unpaid cheerleader of Greenwood.
Click to expand...

Where are all those 300-400's of people on the priority mail list going to park on Saturday and how are they going to get everyone to sign in by 10?
 
Ready2Downsize said:
Where are all those 300-400's of people on the priority mail list going to park on Saturday and how are they going to get everyone to sign in by 10?
Click to expand...

As far as I know, all releases are done by phone.  There is no in-person release yet, at least until the list starts to taper off...
 
They called me twice and invited me as well.  I was in the first 100 in their priority list but I'm not going since with these prices, it doesn't make sense anymore but I'm sure their offices will be very crowded Saturday morning.
 

Attachments

  • Sheldon.jpg
    Sheldon.jpg
    124 KB · Views: 448
qwerty said:
shooby said:
qwerty said:
shooby said:
Just stopped by the office, guess I'm #64 on the priority list. Next phase release this Saturday at 10AM
Click to expand...

im surprised they told you what number you were.
Click to expand...

I didn't even have to ask. They offered. They were surprised at how "high" it was, as most people they've talked to that day were in the "300-400's".

They will skip over all contingent buyers on Saturday.
Click to expand...

well if they are not lying, it sounds like they are going to have a successful phase 2. if they sell out phase 2 on saturday, ill have to admit that sheldon will surpass my expectations, even as the unpaid cheerleader of Greenwood.
Click to expand...

Phase 2 sold out in 10 mins. Probably over 100 people there
 
So for the 3x plans what does it mean by optional bonus room with balcony or 5th bedroom?  Is there an upcharge for this? If I choose  nothing  then what's in that space? Shouldn't it default to a bonus room since nothing is there anyway?
 
estrader said:
So for the 3x plans what does it mean by optional bonus room with balcony or 5th bedroom?  Is there an upcharge for this? If I choose  nothing  then what's in that space? Shouldn't it default to a bonus room since nothing is there anyway?
Click to expand...

The bonus room is standard and the 5th bedroom is optional in the 3X.
 
estrader said:
So is the balcony standard too?
Click to expand...

Depends on be elevation...may be "standard" in some, but the builder usually charges you for it in the "elevation premium", so it's "standard", but that doesn't mean "free/included".
 
What's the deal with these partial driveways?  How are you supposed to wash your car or park a truck? I didn't see any parking lots on the map either.
 
estrader said:
What's the deal with these partial driveways?  How are you supposed to wash your car or park a truck? I didn't see any parking lots on the map either.
Click to expand...

That's the problem with this development...  Everyone's going to be parking in front of plans 3's home.  There isn't any street parking besides the ones in front of plan 3's I believe.
 
Definitely an issue. There is going to be a parking lot (looks small to me) behind the two homes along the trail that were just released. (Don't have the lot numbers). Still doesn't seem near enough to me especially for guests.
 
estrader said:
What's the deal with these partial driveways?  How are you supposed to wash your car or park a truck? I didn't see any parking lots on the map either.
Click to expand...

Technically, you're not supposed to wash your cars in these driveways because everything drains to the ocean.  But then again, nobody reads the HOA CC&R's anyway, do they? :)
 
gasman said:
estrader said:
What's the deal with these partial driveways?  How are you supposed to wash your car or park a truck? I didn't see any parking lots on the map either.
Click to expand...

Technically, you're not supposed to wash your cars in these driveways because everything drains to the ocean.  But then again, nobody reads the HOA CC&R's anyway, do they? :)
Click to expand...

They should give a reward for reporting on neighbors. This will reduce the water usage.  ;)

#savewaterbyreportingwithrewards
 
anyone have thoughts on buying here for investment? i think as a rental it should do ok, but how about for capital appreciation?  I mean i cant see it go down drastically because at 348sqft seems pretty fair, not cheap but fair.....but how about prices ever getting to the 950k's?

i was about to buy in baker ranch and the model i was looking at during somewhere in the middle of the phases was at $799k (2200sqft). just checked yesterday and the price for the same model jumped to $850k starting...thats without any lot premiums
 
I wouldn't purchase for either of those purposes.

If someone wants to rent with kids they are going to look at where the kids go to school. They can rent in Tustin Ranch or Irvine.

If they are purchasing a resale they are going to look at taxes, HOA and schools.

Just because the builder can sell them doesn't mean they are good for selling even higher down the road.
 
For rental, you have to factor in the Hoa and tax + MR which are pretty hefty in this development. 
Cap appreciation?  I don't know. I've fallen into the habit of thinking interest rates will only go up, so the home prices either drops or stay the same, but I've been wrong on both the last couple of years. Fml
 
You must log in or register to reply here.
Back
Top