Villages of Columbus - Columbus Square - Cambridge Lane

NEW -> Contingent Buyer Assistance Program
<p>I wonder if a few select Cambridge Lane units lose the lottery and only get a one car instead of two car garage.</p>

<p>Not sure, just wondering.</p>

<p>SCHB</p>
 
Residence 1- $374,990

Residence 2- 359,990

Residence 3- 419,990

Residence 5- 434,990

Residence 6- 522,990



Some plans come with 2-car driveways. Plans 3, 5 and 6 come with 2 car garages.



$20,000 incentive that can be used towards buy-down, upgrades or closing costs if you qualify with their lender.



Prices are pretty reasonable, especially with the incentive. They are about to finish selling out of phase 4 with 7 phases total.



We compared Cambridge Lane to Camden Place and even though the square footage is a bit smaller, the floorplans overall are pretty open and comfortable, in our opinion. We the price and the neighborhood make it more appealing than Camden Place.
 
KD_B



have you notice that the price change is not much compare to what they had in the past. the only one that i see that they dropped the price on is the 1bedroom. everything thing else is the same. Thanks for the update.
 
<p>What do you think the prices will bottom out at including incentives? I think...</p>

<p>Residence 1- $374,990 $315K


Residence 2- 359,990 $300K


Residence 3- 419,990 $350K


Residence 5- 434,990 $375K


Residence 6- 522,990 $450K


</p>

<p>I think a new condo should go from 300K to $450K.</p>
 
i don't think it will go that low.... due to too many stupid people out there. hahahhaaaa but who knows... it might. there are people still buying right now without any incentives. 20k for closing cost is not good incentives compare to 11/1/2007 they were offering 75k in incentives plus upgrade. mello roos and hoa is pretty high for tustin school district imo
 
<p>Here we go with Tustin again. Has anyone looked at the OC Register article on income? Columbus Square is in the 92782 zip code. That zip code has a higher average income than most of Irvine.</p>

<p>As for prices, I'm not sure what most people think, but for me, I think the market will only normalize once you can buy a decent condo for 300k and a decent house for 450k.</p>

<p>Perhaps in Irvine, it should be 350k/500k.</p>
 
Well, if you add the $20k incentive, it brings the prices to:



Residence 1: $354,990

Residence 2: $339,990

Residence 3: $399,990

Residence 5: $414,990

Residence 6: $502,990



That is, of course, purchasing a home with just the standard features. However, if you plan to live there for a while, then you can always add upgrades later. I am constantly looking at comprably sized resale homes in the Tustin and Irvine area and the resale homes I've found are still a tad more expensive. Of course, you still have to factor in HOA and Mello Roos.





Side note:

I was sitting at home feeling bad about the cost of housing here one night, when I turned the tv on and watched a program on HGTV about home appraisals. A property (if you can call it that) in New York City was one of the features. It was a 600sq. ft. studio appraised at $650k. Absolutely outrageous! But that's the standard there for housing. Also, some friends of mine in San Francisco are having an even harder time, so I suppose in retrospect, we have to accept that at some level, we do pay a premium for the area we live in. We will never have Inland Empire pricing.
 
<p>Orange County's median will drop to below the IE peak. So, no we'll never have IE pricing at the same time. I'm happy to be patient and eventually get an OC home for less than the previously silly IE price.</p>

<p>SCHB</p>
 
HS-teacher- higher income doesn't mean better school. look at laguna beach mediam income. you would expect top notch school right? anyways.... all i am saying is that tustin border line santa ana too much and that the school gets mix with santa ana. that is all.
 
<p>Laguna Beach High is actually is a pretty darn good school. I'm saying that the 92780 Tustin borders central Santa Ana. The 92782 borders Irvine and the foothills.</p>

<p>Homes in Tustin Ranch are much more expensive than the average Irvine home.</p>

<p>Other than that, it's a consensus among educators that socio-economics have a significant effect on school performance.</p>

<p>I think that all the following zip codes have better than average schools.</p>

<p>



<colgroup><col style="WIDTH: 119pt; mso-width-source: userset; mso-width-alt: 5814" span="2" width="159"></col><col style="WIDTH: 119pt; mso-width-source: userset; mso-width-alt: 5814" width="159"></col></colgroup>





City

Zip

Income





Newport Coast

92657

$475,756.71





Corona Del Mar

92625

$280,317.01





Newport Beach

92660

$258,733.14





Newport Beach

92658

$237,335.66





Villa Park

92861

$209,376.76





Laguna Beach

92651

$205,514.54





Newport Beach

92661

$203,042.82





Surfside

90743

$190,692.95





Trabuco Canyon

92679

$166,016.54





Irvine

92603

$162,424.66





Newport Beach

92662

$148,500.30





Newport Beach

92663

$148,296.35





Irvine

92623

$123,654.85





San Juan Capistrano

92693

$120,910.86





San Clemente

92673

$113,793.17





Laguna Hills

92653

$113,668.73





Irvine

92618

$112,528.04





Yorba Linda

92887

$111,447.88





Tustin

92782

$109,949.44





Irvine

92614

$108,921.20





Sunset Beach

90742

$107,885.46





Fullerton

92838

$107,176.71





Newport Beach

92659

$106,261.94





Ladera Ranch

92694

$106,059.97





Dana Point

92629

$103,806.23





San Juan Capistrano

92675

$101,991.43





Laguna Niguel

92677

$101,644.82





Anaheim

92817

$100,574.74







</p>
 
<em>higher income doesn't mean better school. look at laguna beach mediam income. you would expect top notch school right?





</em>I hope... that Irvine schools teach what a capital letter is, and that median is spelled with a N at the end. Not only that, but I hope they teach basic research, and how citing a source is the best way to prove any credibility.


<a href="http://www.ocregister.com/news/county-chart-1969276">


Here are the SAT results for OC</a>. I find it interesting, that Laguna Unified has a higher percentage of students with over 1500 scores, than Irvine Unified does. That puts Laguna in the top five schools, with Uni at #1, and CDM (a high income area) at #2.





You can pay your premium for Irvine schools. I on the other hand, will pay a premium for the beach. Either way... it doesn't matter, most of the time it depends on the parent/s, on how well their kid/s do in school. Those that depend on the schools making their kids great, will be doomed to fail. Granted, the higher percentage over a 1500 score gives a student a better chance, even if the averages are better, but that just means there are a few stand outs that skew the numbers.





Oh... look, OC school of the arts is right there too, higher that Irvine Unified, above Irvine High, and right behind Woodbridge High.
 
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