Villages of Columbus - Columbus Grove/Square - Kensington Court

NEW -> Contingent Buyer Assistance Program
<p>Is our friend at 56 Honey Locust starting the re-listing monkey business already?</p>

<p>The original post was on April 10th, and this one, on May 4th shows 10DoM!</p>

<p>I didn't note the original MLS#, but here is the current one.</p>

<p>







MLS Number:

S484898





Days on Market:

10







</p>

<p>The agent is Jill Kuenne, who can't even spell the name of her University's town (There's no "E" at the end of Champaign).</p>

<p><a href="http://www.thejillkteam.com/AboutJill">http://www.thejillkteam.com/AboutJill</a></p>

<p>If anyone can dig up the MLS history by address, it would be appreciated.</p>

<p>SCHB</p>

<p> </p>
 
56 Honey Locust





Listing #1 - MLS S482974 - Listed on 4/9/2007 - 11 DOM - Original Price $939,000 / Last Price $919,000 - 3% Commission - L/A Keith McKay of West Coast Realty


Listing #2 - MLS S484898 - Listed on 4/20/2007 - 14 DOM - Original Price $929,000 - 2.5% Commission - L/A Jill Kuenne





It looks like they decided to go with another listing agent. Or actually, perhaps the L/A on the first listing is the owner? See EvaLSeraphim post above on 4/11. KM=Keith McKay?
 
<p>Visited the Kensington Court in Colombus Grove today:</p>

<p>Residence 1 - From $689,990 -- 1 Remaining!!!!! (they actually have all those exclamation points on their price sheet)</p>

<p>Residence 2 - Sold Out</p>

<p>Residence 3 - $739,990 - 2 remaining</p>

<p>Residence 4 - $849,990 - 2 remaining</p>
 
$850K for the Residence 4, that's nutz. You can get a similar size SFR at Madison with a 6000-7000 sq ft size lot for similar price. In addition, you get 50% off upgrades up to 50K. What is this builder thinking ? Don't they check out their competition or they live in their model homes and never venture outside ? I'm surprise they can sell any of the Residence 4 at all.
 
<p>CK said:</p>

<p><em>Residence 1 - From $689,990 -- 1 Remaining!!!!! (they actually have all those exclamation points on their price sheet)</em></p>

<p><em>Residence 2 - Sold Out</em></p>

<p><em>Residence 3 - $739,990 - 2 remaining</em></p>

<p><em>Residence 4 - $849,990 - 2 remaining</em></p>

<p>This is an interesting development. I think in all the previous phases the plan 4s always went first. And only a few months ago, they had some very special incentives on plan 2s due to some stubborn inventory.</p>

<p>Also, did they say whether these availability counts of units included the models? I think Lyon sells theirs at the end (whereas Lennar sells them upfront), so there could be more coming.</p>

<p>SCHB</p>
 
I was thinking about buying one of the model homes, send an email asking about it. But Mr. sales rep. refused to give me the price via email, asking me to call him instead.....I am puzzled.
 
NIR -





Can you please elaborate what you consider to be good or best location on Columbus Grove ? Looking at the map of Columbus Grove, I didn't see much a different from the location of many of the builders. You can get a Madison home or Cantara home for similar prices to Residence 4. Thanks.
 
<p>slamdunk,</p>

<p>Kensington court is right smack center of the developement so there is less noise, it's also in front of association ammenities, it's also adjacent to future school and parks. The address is Irvine.</p>

<p>Madison and Cantara have the Tustin's address. Madison is in worst location of all (back to major streets and closest to the R/R tract).</p>

<p>For resale, the best location ones generally get higher prices and shorter DOMs.</p>
 
But compared to Lantana (literally across the street also in Irvine), the value seems to deminish. Granted, some Lantana lots are backing the industrial area, but lots closer to Kensington Court can be had for not much more.





What's even more puzzing is that both development are by Lyon homes. There has to be some other reason why they are priced the way they are.
 
They are getting desperate. I just got this email.





<strong>3.875% for the first year*</strong>





<strong>64 Fringe Tree


Plan 2 - Lot 50</strong>


<a href="http://links.lyonhomes.com/c.html?rtr=on&s=lwo0kx,4lyn,3le,kbgl,cq6i,akzb,j3fp" align="right" border="0" alt="inset image" width="175px" height="93px" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)"><img width="175" height="93" border="0" align="right" alt="" src="http://orangecounty.lyonhomes.com/wlh/images/model_837.jpg" /></a>


<strong>Home Specifications</strong>



2,673 Square Feet

3 Bedrooms

2.5 Baths

>

30 year fixed term with a builder paid 3/2/1 rate buydown subsidy. Rate is fixed for the life of the loan at 6.875%. APR is 7.351%. This is a fully amortized loan. For the first 3 years of the loan term the rate will be discounted. Year 1 the rate is 3.875%. Year 2 the rate is 4.875%. Year 3 the rate is 5.875%. Year 4 through Year 30 the rate will be 6.875%. Real estate property taxes, homeowner's insurance, and HOA dues are not included in payment. Sales price is $759,792.00 and loan amount is based on a maximum of 80% LTV. Rates and terms are subject to change without notice. Loan is subject to credit and income approval. Not everyone will qualify and certain restrictions apply. William Lyon Financial Services is licensed by the California Department Real Estate. License #01190891.








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