Villages of Columbus - Columbus Grove - Savannah

NEW -> Contingent Buyer Assistance Program
yeah i like any model with the LDK format. not good to hide the kitchen from the rest of the house, it's not like you're brewing narcotics in there!





window seats are definitely a luxury that all new homes should include (probably only takes up 10 sq ft max)
 
Yes I like LDK also. And yes the window seat is something i rarely see around here lol. I jsut found out there is a duplicate of my floorplan at Windward in Oceanside by Lennar. It features a fireplace though unlike ours. It makes the living room smaller though. And the kitchen cabinets aren't as nice and some of the other features aren't as nice.
 
question, have these units started being rented out yet? is there a minimum "you can't rent for x months" clause? if so, how much would these units be going for?
 
I have seen one unit in here for rent already. It is the largest residence and is for rent at $3,000 a month. Do you want to see the listing ? I can get the link.
 
that would definitely be interesting to see. not particularly a fan of plan 5 or 6, but would be cool for reference for anybody wanting to live here but can't buy
 
<a href="http://orangecounty.craigslist.org/apa/272997404.html">http://orangecounty.craigslist.org/apa/272997404.html</a>


That's the link. I agree with you about plan 5 & 6 because i do not like the living room being crammed up against the dining room. The thing I like about residence 5 is the huge deck off the kitchen.
 
That's what i always wondered too. Unless they base it on what they pay but that can't be possible because there are homes for rent by the original owners who do not pay that much so Hmmm. I wonder.
 
<p>Irviniteee- may I ask if you were offered incentives to buy? and if so were you able to use them to prepay HOA?</p>
 
Thank you very much for your response. I had been looking at Savanah and the sales office told me they were contractually limited to allow only 1 year of prepaid HOA. I wonder if that was just a less than honest sales tactic....in any case, thank you very much for your willingness to share the details of your purchase- we will keep that in mind for future negotiations.
 
<p>I went and looked at these units a few months ago, and it appears that the prices haven't changed since then. Surprising with how housing has gone this summer. I've heard rumor that they have to get approval from The Irvine Company before they are allowed to lower the cost of new homes in Irvine. That seems strange to me, being the land is not Irvine Company owned land. Has anyone else heard this? It was told to me 2nd hand so I'm not sure how believable it is. </p>
 
newtohousing,





The Irvine Company does control the sales prices of all homes in Irvine either directly through California Pacific Homes or indirectly through agreements with the various builders who build here. They do this because they want to preserve the high home prices to maximize their land sales revenue (see <strong><a href="http://www.irvinehousingblog.com/2007/07/16/land-value-101/" set="yes" linkindex="6" rel="bookmark" title="Permanent Link to Land Value 101">Land Value 101</a>.) </strong>





The problem with their little plan is that people can no longer borrow the money to buy these homes, so the houses sit there with unrealistic prices and no buyers.<strong>


</strong>
 
<p>So what you're saying is, while there may not be agreement, if the home builders want to play ball with The Irvine Company on future endeavors, they sort of have a gentleman's agreement to keep prices at a certain point, based on TIC's requirements?</p>

<p>I'd love to know what the sale ratios (meaning what percentage of available units have sold) are on the 2nd and 3rd buildout over there. Has anyone heard?</p>
 
I cleaned up the comment from newtohousing. Something wasn't right but even I could clean up the HTML. newtohousing's comment looks better now.
 
<p>I've been to many of the Village of Columbus neighborhoods.</p>

<p>Last I checked, they were all selling relatively well. </p>

<p>Probably because many are priced below TIC communities.</p>

<p>Haven't been in the last month, though. </p>
 
New - Any TIC agreements are not in effect at VOC because that project is jointly owned by Lennar and Lyon.





Janet - I think they were selling well, but no so much now - with the exception of the condos and SFRs priced below $800K. Verandas took off mostly because Lyon hit the sweet spot of $600K to $750K. (<----- based on my observations, not hard numbers.) We drove around various portions of VOC on Saturday night after dinner (~ 7:30 pm) and it was really weird. I suspect that a good portion of the homes was bought for speculation because it seemed that only about 1 in 3 homes were inhabited. We then went to Portola Springs, and say what you will about the sales rate, but nearly all of the homes that were complete had people living in them. On the whole there were not many people, but of completed houses, very few were empty. I suppose it's possible that the folks in VOC were out on a Saturday night, as opposed to people just trying to make PITI in Portola Springs.
 
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