What's the latest analysis of Varenna? Particularly plan 1. All new builds will include conservatory.
Plan 1 - starts $1,229,000 (includes electrical upgrades, conservatory)
Plan 2 - starts $1,259,000 (includes electrical upgrades, conservatory)
Plan 3 - starts $1,313,000
Broker co-op is $50k. Not sure if they're dealing builder credits/closing costs.
They have quite a few move-in ready homes available. I believe they have more available, just not listed on MLS:
Plan 1 - $1.298m
https://www.redfin.com/CA/Irvine/57-Lugano-92602/home/167187838
Plan 1 - $1.332m
https://www.redfin.com/CA/Irvine/53-Lugano-92602/home/148734243
Plan 2 - $1.288m (pending)
https://www.redfin.com/CA/Irvine/54-Lugano-92602/home/167087801
Plan 1 (sold Jan 2019) - $1.321m list, $1.290m sold
https://www.redfin.com/CA/Irvine/52-Diamond-Flts-92602/home/148436241
What's a fair price for this resale plan 1 (w/o conservatory)?
https://www.redfin.com/CA/Irvine/50-Rim-Crst-92602/home/112726175
I know the biggest negative (maybe after MR) is proximity to the 261 toll road. I went up there and walked around during weekday rush hour and it didn't seem horrible. Definitely better than being the same distance from busy roads like Culver/Sand Canyon. I imagine it's better after hours and on weekends. Besides noise pollution, I don't know about potential smog and dirt/particle kickup from the toll roads.
Will it be a benefit or detriment for the future value of Varenna that it is the lowest price community in the Groves?