Villages of Columbus - Columbus Square - The Gables

NEW -> Contingent Buyer Assistance Program
digged up some old price sheets.



Prices as of 10/15/2006

Res 1: from $934,000 (w/ Bonus Room)

Res 2: from $1,119,500

Res 3: from $1,157,000

Res 4: from $1,399,000



Prices as of 12/30/2006

Res 1: from $899,000

Res 2: from $1,059,000

Res 3: from $1,099,000

Res 4: from $1,249,000



Prices as of 3/31/2007

Res 1: from $830,000

Res 2: from $966,500

Res 3: from $1,009,000

Res 4: from Sold Out Until Phase 6



Prices as of 5/19/2007

Res 1: from $862,000

Res 2: from $968,500

Res 3: from $1,080,000

Res 4: from $1,270,000
 
checked out the gables a few weeks ago. nice big houses, but too bad it's in the tustin school district which sucks (would've been better if it's a different high school other than tustin high). anyway, i believe they are also offering $100k incentive in addition to the lennar special 30-year fixed interest rate. the $100k incentive would've been great if they had kept the current prices at the same level as 3/31/2007. but simply jacking up the prices by $100k then offering the $100k discount, yeah right... good luck selling these homes at today's market.
 
Paying $3k. Stating which plan narrows provides a little more info than I'd like to provide =).



We looked at renting a bunch of places in Irvine/Tustin that were 2200-2700 sq ft before looking at our current place. Most of the rentals were older or smaller than what we're in now, not much less monthly, and not nearly as nice . Neighbors are nice and the location is very convenient.
 
uppercuts, that's a great price for a new home when you consider that the owner has to pay around $1,500-$1,600 a month for Taxes and HOA. Sounds like a loosing transaction for your landlord and a great situation for you. I will look hard there to see if I can become your neighbor as a renter.
 
Just got this email this morning





Good Afternoon!





I wanted to email you with an opportunity that just came up!





We just<strong> reduced the prices of select </strong><a href="http://www.lennar.com/CA/OrangeCounty/TheGables@ColumbusSquare/PlanThree.html"><strong>Gables Plan Three</strong></a><strong> homes by $40,000</strong>! If you are ready to move in quickly, we absolutely have an opportunity for you! We have included marble and wood flooring in these spacious homes and are also offering additional seller incentives we can't wait to share with you! In order to take advantage of this offer, you will need to be ready to move by March month end!





The Plan Three floorplan ranges from 3,227 - 3,241 square feet with 4 bedrooms and a beautiful loft! The locations include <a href="http://www.lennar.com/pdf/Gables%20color%2011-19-07_2159_sp.pdf">Homesite 152, 154 and 157</a>, and are now priced from $1,044,000! Please visit the highlighted links for a location map and floorplan information.





We would love to demonstrate our homes to you in person. Are you available to visit sometime this week?




 
Psshaw. Not sure I'd want to live near the train tracks, in view of the hangars, at any price. I don't think I'm in the minority thinking that those homes are still considerably overpriced and will drop in value in the short and long term.
 
Price as of 4/02/08



Residence 1: from $944,000 (w/ Bonus Room)

Residence 2: from $999,000

Residence 3: from $1,088,000

Residence 4: from $1,325,000
 
I am astonished by the 10/2006 to 2/2007 drop in pricing, followed by an almost complete rebound by 4/2008! WTF!!! What a roller coaster... and exactly what is the reason for the uptrend in the cost of million dollar homes when everything in the market signals disaster? I keep seeing the various (and intelligent) charts posted on this blog, and am completely stymied by the reality of the pricing.
 
lennar still has time to mess around with the pricing. wait until end of year and we will see some serious price slashing. 4/2/2008 price are for suckers.... if they get one to bite then they did a good job of marketing. i seen a few people who bought in camden at the begining of 2008 and paid a higher price then someone who bought in 11/2007. there should be a tread about how much the builder hate this website due to the fact that their pricing is posted up for all to see and compare. hahahaha
 
Must be the bounce in sales volumes that Lennar is trying to cash in on. They must see that a greater number of buyers are coming off the fence to buy over the last couple of months...
 
I agree with IPO. It seems like buying RE has become a topic of conversation again by the water cooler at my work. No one is dumb enough to say it will always go up but now people are talking about the market flattening and it being a good time to buy foreclosures etc. I personally know 2 guys at my office who will probably buy in the next few months.
 
Hello all, I am considering purchasing a plan 3 for $999,000 with a 20% down and they give $70,000 in incentives. My wife and I can afford the monthly payment easily. Lennar is promising a really good 30 year fixed interest rate for this development only. My wife is very particular about the lot she chooses (must face the right direction, get a certain amount of sunlight, etc.. ) and thus there is only one lot that she likes.



I have heard the many negative about this area:

1) close to train tracks

2) industrial area close by

3) proposed homeless family shelter a few blocks away (dont yell at me for this one!)

4) supposed toxic soil

5) view of the hangar

6) school district not so hot



Does anyone have anything good to say about this area or would I be making a completely foolish decision to buy a house here? We could buy a slightly smaller home in Woodbury for $110,000 more but then we wouldnt get the incentives or the great 30 year fixed rate.

Our situation - late 30s... no kids, both professionals.



Does the deal they are offering here counterbalance the negatives????



GasJ
 
If your wife is particular about lot selection, than no the negs don't outweigh the positives. I think woodbury is more dense and VoC is a more open site plan. Although, one day, Villages will be come a great place to live due to having a massive regional park next door and many retail outlets.



1) close to train tracks - huge factor, your windows may have a high STC rating however, it is still audible and a little disappointing when you can't speak over the noise outside next to your million dollar home



2) industrial area close by - non factor



3) proposed homeless family shelter a few blocks away (dont yell at me for this one!) - non factor, not homeless its really a transitional family shelter, very well kept, does not attract homeless indiv



4) supposed toxic soil - non factor



5) view of the hangar - I like it, cool land mark.



6) school district not so hot - yep,but i think it's easy to request that your child attend IUSD. just what i heard but i could be very wrong. new schools will be built to serve this area, some day but not anytime soon.
 
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