Orchard Hills - Terrazza by Irvine Pacific
- Thread starter ps99472
- Start date
akirvine79
Member
These are copies of Saratoga@Stonegate with improved floor plans.
IP basically stretched depth of Saratoga's 2nd floor so that they can put additional lofts on 2nd floor. (1st floor is same as old Saratoga)
Here is sqft and price comparison to Terraza and Saratoga.
Residence 1: 1981 sqft, Mid $800,000's (+74 sqft, expecting $60~70K increase)
Residence 2: 2331 sqft, Mid $900,000's (+150 sqft, expecting $120K increase)
Residence 2X: 2408 sqft, Mid $900,000's (+227 sqft, expecting $100K increase)
IMO, floor plans are definitely better than old Saratoga but price jumps are too high for the small changes.
Considering Terrazza is also motor court home and the area of Terrazza doesn't have any pocket park, then what makes Terrazza's starting price so high? Maybe convenience to retail stores?
Buyers have to consider other options, conservatory and site premiums etc... then the price gets easily over 1M.
The era of 1M motor court home is not far way from us.
IP basically stretched depth of Saratoga's 2nd floor so that they can put additional lofts on 2nd floor. (1st floor is same as old Saratoga)
Here is sqft and price comparison to Terraza and Saratoga.
Residence 1: 1981 sqft, Mid $800,000's (+74 sqft, expecting $60~70K increase)
Residence 2: 2331 sqft, Mid $900,000's (+150 sqft, expecting $120K increase)
Residence 2X: 2408 sqft, Mid $900,000's (+227 sqft, expecting $100K increase)
IMO, floor plans are definitely better than old Saratoga but price jumps are too high for the small changes.
Considering Terrazza is also motor court home and the area of Terrazza doesn't have any pocket park, then what makes Terrazza's starting price so high? Maybe convenience to retail stores?
Buyers have to consider other options, conservatory and site premiums etc... then the price gets easily over 1M.
The era of 1M motor court home is not far way from us.
irvinehomeowner
Well-known member
I find it strange you would split a tract.
Maybe splitting by tract, but within a tract... gonna get some West Side Story action going here (or Grease).
If I were TIC, I would split it between The Groves and The Grove-Nots.
Maybe splitting by tract, but within a tract... gonna get some West Side Story action going here (or Grease).
If I were TIC, I would split it between The Groves and The Grove-Nots.
akirvine79
Member
bones said:
Yep, Saratoga is almost done. I think IP is selling last phase homes and a few unsold homes may be available.
Last time when I checked Saratoga extention at Stonegate, Saratoga R2 + conservatory (2,181 + 135 = 2,316 sqft) was mid 800,000's.
I always thought current Saratoga is over priced but after looking at Terrazza, it could be good last-minute deals.
The mid 800,000's price was a couple of month ago, so correct me if I'm wrong.
Yep, I want to see Laurel vs Strada comparison too. Since they will have similar opening dates, we could see how much premiums IP put on OH.
