Villages of Columbus - Columbus Square - Camden Place

NEW -> Contingent Buyer Assistance Program
[quote author="asianinvasian" date=1214033568][quote author="bkshopr" date=1214029361]

Since the economy is bad Shea will likely postpone its projects just like TIC.

</blockquote>


Wrong again.



Construction has already started on the Shea Technology Campus.



<a href="http://www.sheaproperties.com/property.cfm?pid=75">http://www.sheaproperties.com/property.cfm?pid=75</a>



<a href="http://www.hotel-online.com/News/PR2008_1st/Mar08_SheaOlson.html">http://www.hotel-online.com/News/PR2008_1st/Mar08_SheaOlson.html</a></blockquote>


I am not refering to Shea Properties. The Shea Homes division is suffering. When I said "like TIC" everyone on this board knows is all about postponing home constructions and not about commercial properties.



My interest here is to protect the public. I have nothing to gain.



Your interest here is to protect your job. You have everything to gain.
 
i had asked AI to share his insights on VoC earlier, given he obviously seems to know some things about the development. instead there was silence and now he's re-emerged, but only to throw out his usual vague comments. a lot of us are still waiting to hear some his substantial insights on VoC.
 
[quote author="asianinvasian" date=1214017638]bkshopr tried to buy a home there but got rejected, that's why he hates it so much.</blockquote>


LOL, yeah... bk was rejected. Why are you still so bitter about Shea rejecting you as a job candidate? Oh... that is right, they prefer people with substance who can contribute something, anything to the company. Just like the forums here, they realized you would add nothing to the company. Keep trying, and maybe you will learn some things from here, that might help you get that job.
 
I recently went looking at the new places over at the VOC this weekend, Residence 1 is sold out and Residence 2 is going for $464K and Residence 3 is starting from $500K. Incentives include $6K toward closing, and $20K if going with their lender. There is a special interested deal where its 3.5% 1st yr, 4.5% 2nd yr and 5.5% (6% APR) fixed for life this will go on til the end of June maybe?



as much as i would want to buy one the price is still a bit high. I'm hoping that they will drop again like last year around Oct/Nov time frame. the Sales Rep said they are on Phase 12.
 
[quote author="heatherung" date=1214346320]I recently went looking at the new places over at the VOC this weekend, Residence 1 is sold out and Residence 2 is going for $464K and Residence 3 is starting from $500K. Incentives include $6K toward closing, and $20K if going with their lender. There is a special interested deal where its 3.5% 1st yr, 4.5% 2nd yr and 5.5% (6% APR) fixed for life this will go on til the end of June maybe?



as much as i would want to buy one the price is still a bit high. I'm hoping that they will drop again like last year around Oct/Nov time frame. the Sales Rep said they are on Phase 12.</blockquote>


other reason to think twice about the VOC.



1) what about the high hoa and mello roos?

2) what about the high potential of foreclosure because so many people bought back in 2006-07 with variable loan? they will end up going into foreclosure and bring your new house value down.

3) what about the toxic soil?

4) what about living next to dirty (undeveloped land) for several years?

5) what about asianinvasion spamming you with new listing for lyons new homes?
 
C'mon now. Those reasons exists for most/all of the new developments. If you want to go negative, then for Woodbury...



1) higher hoa? and mello roos

2) same

3) maybe? they're not disclosing it?

4) what about total boredom?

5) you get spamming from IR?



[quote author="jbatzmaru" date=1214348098]

other reason to think twice about the VOC.



1) what about the high hoa and mello roos?

2) what about the high potential of foreclosure because so many people bought back in 2006-07 with variable loan? they will end up going into foreclosure and bring your new house value down.

3) what about the toxic soil?

4) what about living next to dirty (undeveloped land) for several years?

5) what about asianinvasion spamming you with new listing for lyons new homes?</blockquote>
 
I heard Residence 1 will be sold out until 2014, since most of them will be reserved for low income housing.



I live in a Residence 1, so if anyone's interested, starting bid is $495,000 :)
 
[quote author="rickhunter" date=1214348808]C'mon now. Those reasons exists for most/all of the new developments. If you want to go negative, then for Woodbury...



1) higher hoa? and mello roos

2) same

3) maybe? they're not disclosing it?

4) what about total boredom?

5) you get spamming from IR?



[quote author="jbatzmaru" date=1214348098]

other reason to think twice about the VOC.



1) what about the high hoa and mello roos?

2) what about the high potential of foreclosure because so many people bought back in 2006-07 with variable loan? they will end up going into foreclosure and bring your new house value down.

3) what about the toxic soil?

4) what about living next to dirty (undeveloped land) for several years?

5) what about asianinvasion spamming you with new listing for lyons new homes?</blockquote></blockquote>




rick hunter.... you are right... price will have to come down to compensate for all that hoa and mello roos.
 
VoC and TF are sh*t holes.

Airplane hangars, trains, occasional stray dogs, the occasional wandering hobo and landing jets.(Isn't the TF entrance on Edinger called Aviator?)

For those reasons alone, it is not worth what these builders are asking for.



VoC should be renamed to WFP... Wasted floor plans. It's a shame because Plan 4 Ciara is pretty rad.



p.s.

IMO
 
Columbus Square is close to Redhill/Edinger. I think it's closer to an older, more middle class area - Tustin that is. And it's more situated on the old base.

Tustin Field is by Edinger/Harvard. It's just across the street from Westpark. I can't even distinguish it from the rest of Irvine. Actually, I think it's a very nice area.

Columbus Grove is by Warner/Harvard. It has direct access to The District and blends it very well with Westpark/Irvine. I love Columbus Grove.



Point is, I don't think the three neighborhoods are similar enough to group them into one category.



I think Columbus Square might be desirable in 5 years - but for now, I can see why there are so many criticisms. I give it a C.

I think Tustin Field has settled in very well with Irvine. I would not mind living there at all. I give it a B.

And lastly, I think Columbus Grove has the best of both cities. It's close to an enormous new shopping district as well as being situated by a nice Irvine neighborhood. I give it an A.
 
Going back to Camden Place, they are now building Phases 11 & 12. Does anyone know the current pricing & sales progress?
 
Phase 11 is completely sold out, closing should be in October, Phase 12 only has a couple plan 2's left @ $464,000, same deal about $6k towards closing costs and $20k incentive.
 
[quote author="Chi2Cali" date=1217902965]Phase 11 is completely sold out, closing should be in October, Phase 12 only has a couple plan 2's left @ $464,000, same deal about $6k towards closing costs and $20k incentive.</blockquote>




I went yesterday check out the so called "48-hour blowout sale" they sale rep told me that there is only a special financing interest rate and $5k toward closing. And NO more incentives. Is he lying to me then?
 
There hasn't been too much attrition yet in Camden Place, but I've "heard" that a neighbor near me is walking away. He probably has an option ARM that is exploding (his phase closed in late 2006). I'm sure we'll see more of it, and then the sales office will be competing with foreclosures.
 
[quote author="asianinvasian" date=1214017638]bkshopr tried to buy a home there but got rejected, that's why he hates it so much.</blockquote>


Thank God I was rejected. I can now come back and buy 2 for the price of 1.
 
[quote author="heatherung" date=1217905103][quote author="Chi2Cali" date=1217902965]Phase 11 is completely sold out, closing should be in October, Phase 12 only has a couple plan 2's left @ $464,000, same deal about $6k towards closing costs and $20k incentive.</blockquote>




I went yesterday check out the so called "48-hour blowout sale" they sale rep told me that there is only a special financing interest rate and $5k toward closing. And NO more incentives. Is he lying to me then?</blockquote>


I think so, I know for a fact all Phase 11 and 12 buyers received the $20k incentive and $6k for closing costs... call him out...
 
First sighting of carnage in Camden Place! The rumor was true. My neighbor moved out of his Plan 3 today. I wonder when the last mortgage payment he made was? We'll see how long it takes the bank to place signs outside the home. I'm interested to see the list price. The only townhomes for sale by current owners are Plan 2s. This will be the first Plan 3 I've seen.
 
I just got an email from Lennar. They are lowering the price for Camden Place Plan 2 from $464,000 to $443,000. These are probably the last ones from Phase 11 and 12.
 
[quote author="heatherung" date=1218884423]I just got an email from Lennar. They are lowering the price for Camden Place Plan 2 from $464,000 to $443,000. These are probably the last ones from Phase 11 and 12.</blockquote>


I still think there's room on this pricing. My friend bought a Plan 2 back in late 2007 for $414K after the $20K incentive for "upgrades", which they eventually got towards the $434K price.
 
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