SOCO Walk by Olson Homes

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homebuyer123_IHB

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Alright come on, this has to be in a good area. Has anyone stopped by or passed by around this place before? It's in Fullerton.



Thanks a lot guys!
 
It's in an interesting area, but I think it's literally on the wrong side of the tracks. Plus, everything was just so . . . small.





Hey 123, you seem really desperate to buy something. Why?
 
olson builder for some reason always build stuff small. small rooms and small kitchens, small everything. don't know why. someone told me that they are an ubran builder so i guess that is how they design their places. i was going to buy a condo back in 2004 when they were building it in tustin but the price got out of hand and now it is back to 2004 prices or lower. glad i waited.





homebuyer123- what are you requirement and where would you prefer to live? it seems like you are all over the map looking for a new development. if you wait until october/november then you will get a better deal, due to close of year for most of the public company. have you checked out stanton? or anaheim.... there are some cheap places up there due to alot of subprime problems.
 
<p>I would be wary of living that close to a train station. The noise might drive me batty. Business trips to downtown San Diego have caused a set of earplugs to permanently reside in my suitcase. </p>

<p>It would be cool, however, to live within walking distance of all the nightlife of downtown Fullerton. I would consider living there, however, if the train would be useful in my commute (it's not for me, but maybe for someone else).</p>
 
Soco Walk is in a decent area, and I thought it was okay. It is small though, and wasn't worth the price. That was a year ago though, so maybe it's come down? The train can be a good thing or a bad thing, depending on your needs. But it is loud, so if you can't handle that then I would not recommend it. There is a sister community called Founder's Walk in Buena Park, that I think is similar in all respects. I think it is a bit less expensive though.
 
EvaLSeraphim,

Well, living in a city that is bordered by Compton may tell you why, lol. It would be nice to get away once and for all, you know? Plus, I like that Orange County has lower sales tax than LA County.



jbatzmaru,

Well, all I need really is a place with around 3 bedrooms, doesn't matter if it's a townhouse or SFR. Preferably around the mid 400k price range. I really love the area around Villages of Columbus, but that area is way out of my league in terms of pricing. And well, I would prefer a place that is brand new, not one that was lived in before. I'm just into brand new stuff like that. I was looking into RiverBend, but I've heard about crime problems there, so I thought otherwise.



I appreciate all this help!
 
riverbend/columbus grove has high HOA and mello roos. so it really will kill you when you do your calculation. i think HOA/mello in columbus grove will work out to almost 1k on top of your mortgage.





i would recommend stanton and anaheim because they are alot cheaper and no mello.








but the best thing to do right now is to wait it out if you can......
 
jbatzmaru,



Do you know of any good communities in Stanton or Anaheim? I have already checked out Palazzo by Taylor Morrison, nice homes but a bit pricey for me. Thanks!
 
<p>RE: SOCO Walk</p>

<p>It borders an old barrio. The barrio is actually pretty and has mature and beautiful jacaranda trees and cool, old craftsmen houses. Just don't flash your gang signs in this neighborhood.</p>

<p>It is also nearby downtown Fullerton which has great bars and restaurants.</p>

<p>I would buy a unit if: 1) we were at the bottom of the market where the cost of owning was near the cost of renting and I knew I could "build equity" with its purchase 2) I was a young guy who liked to go to bars a lot and/or was going to school at CSUF and/or FJC.</p>

<p>None of these conditions apply. I see these as "starter apartment/condos" selling to recent college grads for the purpose of "building equity". They just need to be priced appropriately and I'm sure they will be in the future. Of course, I would wager that the appropriate price would mean Olson loses a TON of money. To get an idea of "appropriate price", research rents of homes near the two college campuses. You're not going to be able to rent more than what they are charging and I'll bet there are a lot of long-time property owners near there that don't have re-setting loans (i.e., they set the market bottom!).</p>
 
homebuyer 123. check out the website www.newhomesources.com and don't go by the pricing on there too much because it is out dated. go to the places and haggle with them.... ask for incentives... and ask if they have any standing inventory.





i haggle with the lady at avenue E and i got them down to 420k on a 4bd unit and financing at 4.85% fix for 30 years. of course i still would not buy it because i think it is too dangerous of an area and it will probably go down another 50k before it bottoms out.





i would still recommend waiting it out. if you can't wait that long at least try to wait until the end of the year for better deals. imho.
 
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