Talk Irvine

General => Real Estate => Irvine Real Estate => Topic started by: stonks on September 14, 2020, 02:46:52 PM

Title: Fresco @ Eastwood Village
Post by: stonks on September 14, 2020, 02:46:52 PM
Thoughts on the floorplans? Would've liked a single-story floorplan with a real driveway (not Napa), but 2101 sf/(55' x 85' Morro lot) < 45%! The larger plans are also pretty efficient (4 beds + loft + vaulted ceilings).

Plan 1 (2101 sf)
(https://www.irvinepacific.com/media/3311/fresco_plan1cr_firstfloor.jpg?quality=60&format=webp)
(https://www.irvinepacific.com/media/3312/fresco_plan1cr_secondfloor.jpg?quality=60&format=webp)

Plan 2 (2325 sf)
(https://www.irvinepacific.com/media/3313/fresco_plan2dr_firstfloor.jpg?quality=60&format=webp)
(https://www.irvinepacific.com/media/3314/fresco_plan2dr_secondfloor.jpg?quality=60&format=webp)

Plan 3 (2414 sf)
(https://www.irvinepacific.com/media/3315/fresco_plan3h_firstfloor-1.jpg?quality=60&format=webp)
(https://www.irvinepacific.com/media/3316/fresco_plan3h_secondfloor-1.jpg?quality=60&format=webp)
Title: Re: Fresco @ Eastwood Village
Post by: misme on September 14, 2020, 09:49:57 PM
These floorplans look identical to all the generic 3 BR up, 1 down, great room houses in all the new developments.

Title: Re: Fresco @ Eastwood Village
Post by: Sidehussle on September 15, 2020, 10:15:14 AM
Fresco @ Eastwood lots are small (~4000 sq ft.) so these plans seem to be the right scale.
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on September 15, 2020, 10:29:54 AM
I hope that these homes have a driveway.
Title: Re: Fresco @ Eastwood Village
Post by: Mety on September 15, 2020, 10:53:01 AM
I hope that these homes have a driveway.

My guess is they will, based on the floorplan the downstairs bedroom/office sticking out next to the porch/entrance and the garage. Usually the ones without a proper driveway are designed flat on those areas. I could be wrong. Just guessing. 
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on September 15, 2020, 01:19:17 PM
I hope that these homes have a driveway.

My guess is they will, based on the floorplan the downstairs bedroom/office sticking out next to the porch/entrance and the garage. Usually the ones without a proper driveway are designed flat on those areas. I could be wrong. Just guessing. 

Yeah, based upon the floor plan it looks like the layout is driveway friendly but you never know nowadays.
Title: Re: Fresco @ Eastwood Village
Post by: Mety on September 15, 2020, 01:20:55 PM
I hope that these homes have a driveway.

My guess is they will, based on the floorplan the downstairs bedroom/office sticking out next to the porch/entrance and the garage. Usually the ones without a proper driveway are designed flat on those areas. I could be wrong. Just guessing. 

Yeah, based upon the floor plan it looks like the layout is driveway friendly but you never know nowadays.

Yeah, it could be shared driveways.
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on September 15, 2020, 01:32:12 PM
I hope that these homes have a driveway.

My guess is they will, based on the floorplan the downstairs bedroom/office sticking out next to the porch/entrance and the garage. Usually the ones without a proper driveway are designed flat on those areas. I could be wrong. Just guessing. 

Yeah, based upon the floor plan it looks like the layout is driveway friendly but you never know nowadays.

Yeah, it could be shared driveways.

That would suck if that was true. I'm sure they'll charge $500/sf+ so the least they could do is give the buyers their own driveway.
Title: Re: Fresco @ Eastwood Village
Post by: Dr. CA Real Estate on September 16, 2020, 02:35:32 PM
Tell that to NHC with Atlas over at Rise park. I could almost bet that IP is going to motorcourt these.
Title: Re: Fresco @ Eastwood Village
Post by: Cares on September 16, 2020, 08:43:58 PM
https://www.irvinepacific.com/homes/eastwood-village/fresco

The website shows mock ups of the homes that have driveways that are not courtyard style.

Also does someone know where the homes will be in Eastwood? I'm not sure where the actual neighborhood is.
Title: Re: Fresco @ Eastwood Village
Post by: irvinehomeowner on September 16, 2020, 08:48:48 PM
Site plan seems like it's normal streets. If it's like the mock-up where there is a berm and sidewalk that's even better.

(https://www.irvinepacific.com/media/3284/fresco_1c_s-4_comp_v003_thohel_pre01.jpg?anchor=center&mode=crop&width=428&heightratio=0.6705607476635514018691588785&format=webp&quality=60&slimmage=true&rnd=132443082650000000)
Title: Re: Fresco @ Eastwood Village
Post by: yes2 on September 16, 2020, 09:11:05 PM
Location at end of Rotunda, cross street imagination trail.

https://www.google.com/maps/place/33%C2%B043'12.1%22N+117%C2%B044'48.7%22W/@33.7200264,-117.7490597,17z/data=!3m1!4b1!4m14!1m7!3m6!1s0x80dcdcc70e7d8cd3:0xdbcea38d7b96f3b1!2sRotunda+%26+Little+Hill,+Irvine,+CA+92620!3b1!8m2!3d33.7143238!4d-117.7526113!3m5!1s0x0:0x0!7e2!8m2!3d33.7200218!4d-117.7468714
Title: Re: Fresco @ Eastwood Village
Post by: Dr. CA Real Estate on September 16, 2020, 09:14:34 PM
125 Parakeet. I’ll go drive by the site tmr.
Title: Re: Fresco @ Eastwood Village
Post by: irvinehomeowner on September 16, 2020, 09:30:46 PM
Based on the map by yes2, the other homes have a bermed sidewalk so that's most likely driveways... and longer ones because of the berms.

That's actually a nice area as it back the Hicks Canyon bike/walk trail and you can take that to JOST (wheeeee!).
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on September 16, 2020, 10:18:49 PM
These lots are in some of the best sections of Eastwood. I expect starting prices of 1.45 million or 1.5 million.
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on September 17, 2020, 09:40:24 AM
These lots are in some of the best sections of Eastwood. I expect starting prices of 1.45 million or 1.5 million.

For 2,100sf homes? 
Title: Re: Fresco @ Eastwood Village
Post by: yes2 on September 17, 2020, 10:15:20 AM
I guess the 2100sf homes will be priced around 1.25-1.3 range
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on September 18, 2020, 12:02:15 PM
The 2100sf ones possibly at 1.35 mil. The Piedmont homes by IP in Eastwood (2200 sf) are reselling at 1.275 mil. The Piedmonts ar e pseudo SFRs since there are no sidewalks and no street parking. If Frescos are true SFRs with sidewalks and available street parking, then I think 1.35 Mil is a possible starting price. Also depends on how well the KB homes is selling  the Solano nearby...those KB home lots I think are not in the best pockets of eastwood.
Title: Re: Fresco @ Eastwood Village
Post by: Dr. CA Real Estate on September 18, 2020, 12:53:20 PM
Don't forget with their marketing and making the uninformed think they are top quality builders, IP charges more per sqft than most. Plus this is a good location in Eastwood.
Title: Re: Fresco @ Eastwood Village
Post by: stonks on September 25, 2020, 11:02:14 PM
(https://www.irvinepacific.com/media/3304/fresco_sitemap.jpg?anchor=center&mode=crop&width=920&heightratio=0.8095238095238095238095238095&format=webp&quality=100&slimmage=true&rnd=132435327010000000)

(http://i1233.photobucket.com/albums/ff390/Ps99472/morro1_zpsntxeqtuh.jpg)
Title: Re: Fresco @ Eastwood Village
Post by: trematix on September 26, 2020, 09:53:12 AM
total noob questions, but what makes it the best section of Eastwood?
Title: Re: Fresco @ Eastwood Village
Post by: Dr. CA Real Estate on October 17, 2020, 10:06:30 PM
Grand Opening next Sat. Prequal supposed to be opening tmr. Not expecting much of a wait list for this one but as usual if you're picky about lots get in early so you can have your choice. Models were nice for IP homes.
Title: Re: Fresco @ Eastwood Village
Post by: misme on October 17, 2020, 10:52:23 PM
total noob questions, but what makes it the best section of Eastwood?

Isn't this the section of Eastwood  that's closest to the Asphalt plant?
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 18, 2020, 09:22:18 AM
total noob questions, but what makes it the best section of Eastwood?

Isn't this the section of Eastwood  that's closest to the Asphalt plant?

That's true....these are the lots closest to portola pkwy
Title: Re: Fresco @ Eastwood Village
Post by: Seeding on October 19, 2020, 01:50:54 PM
total noob questions, but what makes it the best section of Eastwood?

Isn't this the section of Eastwood  that's closest to the Asphalt plant?

That's true. From my understanding, some of the most outspoken protestors against All American Asphalt live in the part between Alpine and the Hicks Canyon Trail. Residents there are obviously unhappy because they paid higher prices for houses there.
Title: Re: Fresco @ Eastwood Village
Post by: Irvine9 on October 19, 2020, 03:23:31 PM
Has IrvinePacific released pricing for Fresco? I still see "pricing coming soon" on their website
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 19, 2020, 03:47:49 PM
I think they will release pricing on the Day of grand opening or a day before that. I am guessing it will start at 1.4 million for the smallest plan Residence 1.
Title: Re: Fresco @ Eastwood Village
Post by: Irvine9 on October 19, 2020, 04:57:23 PM
Thank you. Solano @eastwood are selling 3000 sqft homes for 1.4 mil. Why do you think people would buy 2200sqft home @Fresco  for same price.   Should not not start with lower price and IP normally increase price every phase. They may not have any margin left if they start at 1.4 mil.  I could be wrong. 
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 19, 2020, 06:51:39 PM
Thank you. Solano @eastwood are selling 3000 sqft homes for 1.4 mil. Why do you think people would buy 2200sqft home @Fresco  for same price.   Should not not start with lower price and IP normally increase price every phase. They may not have any margin left if they start at 1.4 mil.  I could be wrong.
I see your point. I was going by the memory of the Piedmont homes from IP in Eastwood that were of 2200 sqt and last phases in 2019 I think went for base close to 1.3 million. Now since Fresco is supposed to true SFR and given the demand with lower interest rates, I am guessing 1.4 mil start price.

Any one knows how the Solano & Napa homes are selling in the neighbourhood?
Title: Re: Fresco @ Eastwood Village
Post by: fly on October 19, 2020, 08:19:10 PM
Very bad. 8 months still phase 2
Title: Re: Fresco @ Eastwood Village
Post by: Irvine9 on October 19, 2020, 08:59:37 PM
Makes sense. Around 1.4 to 1.5 mil, there lot of homes in stonegate too that have more than 3000 sqft and also bigger lots. And more importantly, they come with some upgrades.  Let's wait till 24th and see how IP would price these.

If any one could get pricing details before 24th, please post here
Title: Re: Fresco @ Eastwood Village
Post by: fly on October 19, 2020, 09:12:42 PM
resd1 1.25M
resd2 1.35M
Resd3 1.40M
resd3x 1.45M

I am guessing

Title: Re: Fresco @ Eastwood Village
Post by: Irvine9 on October 20, 2020, 10:52:46 AM
You were right... It is starting from 1.4 mil

Model 1 - 1.4
Model 2 - 1.5
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 20, 2020, 11:06:54 AM
Wow....new homes are getting extremely price. A 2275 sqt one at 1.4 million base.
Title: Re: Fresco @ Eastwood Village
Post by: Dr. CA Real Estate on October 20, 2020, 11:09:12 AM
Wow....new homes are getting extremely price. A 2275 sqt one at 1.4 million base.

Its IP
Title: Re: Fresco @ Eastwood Village
Post by: Irvine9 on October 20, 2020, 11:41:27 AM
Yes, IP was able to sell everything so far... And they can hold on till they find right customer.
Title: Re: Fresco @ Eastwood Village
Post by: Sidehussle on October 20, 2020, 02:37:45 PM
https://www.irvinepacific.com/homes/eastwood-village/fresco?&utm_medium=email&utm_source=ip_consumer_lead_fresco&utm_campaign=ip_consumer_fresco_mar_10.20.20#overview

Smallest residence 1 with 2,277 sq ft starting from $1.4 millions. Didn't know Eastwood would be pricing > $612 per foot, wow! 

What pandemic recession?!
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 20, 2020, 02:57:10 PM
Most folks must have anticipated the smallest residence 1 to start at high 1.2 million or low 1.3 million. But IP knows it can sell and another thing is, rates are also so low now. I plan to go take a look , next door to where I live.

Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on October 20, 2020, 04:21:45 PM
Wow, $600/sf with no upgrades and landscaping...that's higher than Orchard Hills.  I guess iPac thinks it can sell the homes at that price since they are selling their Portola Springs homes over $500/sf since this is Eastwood. The inventory levels in the middle market are also starting to shrink so maybe they are going to see if people are willing to pay higher prices.
Title: Re: Fresco @ Eastwood Village
Post by: Leaf on October 20, 2020, 04:57:17 PM
In 2017, Belvedere Plan 1 (approx 2,400 sqft) was selling for a starting price of $1.1 million. Calistoga plan 1 (approx. 3,000 sqft.) was starting from $1.3 million and the sales were so bad that William Lyons sold the remaining lots to IP.

Now starting from $1.4 million for houses less than 2,300 sqft??  IP certainly is confident! 
Title: Re: Fresco @ Eastwood Village
Post by: Irvine9 on October 20, 2020, 05:21:52 PM
Heard that Solano was not doing that great and still in phase 2. Let's see if Irvine Pacific would be able to sell these at this price.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 20, 2020, 07:39:54 PM
If IP is still able to get oversees Chinese investors to buy, then 1.4 mil for 2300 sf will sell......I think IP has brand name there.
Title: Re: Fresco @ Eastwood Village
Post by: cgs37 on October 20, 2020, 10:21:48 PM
Heard that Solano was not doing that great and still in phase 2. Let's see if Irvine Pacific would be able to sell these at this price.

Was over at Solano this past weekend and they’re selling phase 3 currently. All layouts around 3000sqft for 1.4M.

I’m not really familiar with the reputation etc, but why is a smaller home from IP cost as much? I know the Fresco locations are better, but still?
Title: Re: Fresco @ Eastwood Village
Post by: JadedOne on October 21, 2020, 10:22:48 AM
That is ridiculous pricing for a home that small imo. It has the Irvine schools and is new, but otherwise I think most people would buy elsewhere. $600+/sqft is a different level of pricing and just doesn't seem worth it.
Title: Re: Fresco @ Eastwood Village
Post by: Irvine9 on October 21, 2020, 11:06:58 AM
Yes, at that price point 1.4  or 1.5 mil, you can get lot of homes with around 3000 sqft  in stonegate or Northwood and those include good upgrades too. Even east wood have Solano and Napa at same price point but has much bigger homes.

May be IP got little bit greedy here. Or they are confident on their may  marketing skills to sell it.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 21, 2020, 01:16:18 PM
It will be interesting to know if the offered  homes get reserved at that price point on the day of grand opening. I remember Napa seemed very high priced but the day of grand opening, some of the homes were taken as soon as they were offered.
IP probably has a good sense of their pricing. Like they may have gauged interest from folks visiting OH Reserve or Portola springs when they mentioned this upcoming project in Eastwood.
Title: Re: Fresco @ Eastwood Village
Post by: Sidehussle on October 21, 2020, 03:03:54 PM
If IP is still able to get oversees Chinese investors to buy, then 1.4 mil for 2300 sf will sell......I think IP has brand name there.

The China FCB gold rush is over. Emperor Xi effectively stopping all capital outflows from CCCP (but a few may trickle here and there)...Volumes not like it was back in 2017/2018.
Title: Re: Fresco @ Eastwood Village
Post by: WTTCHMN on October 24, 2020, 03:01:58 PM
Today was the most sedate grand opening I’ve seen in recent memory.  Not sure if it was the prices that scared people away, or if it was the protestors picketing in front of the models.

I’m sure TIC is not happy with the negative publicity.  They even had to hire goons to keep the protestors at bay.

They were peaceful, but I felt like a scab crossing the picket line.
Title: Re: Fresco @ Eastwood Village
Post by: qwerty on October 24, 2020, 03:52:18 PM
What were they protesting?
Title: Re: Fresco @ Eastwood Village
Post by: Nguyen80 on October 24, 2020, 04:52:06 PM
The asphalt factory.

Models were well appointed but the layouts... god why does anyone like IP floorplans?!
Title: Re: Fresco @ Eastwood Village
Post by: Irvine9 on October 24, 2020, 06:31:12 PM
Mostly prices would have scared people. After minimum upgrades, it would be at least 1.5 million for 2250sqft home. And if you include backyard, window treatments that most people do after closing, it would be close to 1.55 mil. 

And on top of that elections and potential economic down turn in near future make this investment more risky.

Only positive is low interest rates...
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 24, 2020, 06:38:16 PM
Prices are super high, especially the residence 1 for 1.4 Million is extremely tiny. The downstairs bed could hardly fit a queen bed. The lot sizes is big compared to others in Eastwood. Btw, learnt that Solano nearby increased their price today looking at the opening price for Fresco. And the Napa had lots of visitors as Napa prices look more competitive to Fresco. That being said, I think there is a lot of demand and these will sell at the high prices without even foreign money.
Title: Re: Fresco @ Eastwood Village
Post by: Dr. CA Real Estate on October 24, 2020, 07:46:21 PM
Was here today. Against my recommendation I have one client that's going to get phase 1 here. To each their own.
Title: Re: Fresco @ Eastwood Village
Post by: dadbodmortgage on October 24, 2020, 08:37:00 PM
Which plan is your client purchasing? Also why are you advising against phase 1?

Lower prices to come?
Title: Re: Fresco @ Eastwood Village
Post by: WTTCHMN on October 24, 2020, 10:02:42 PM
What were they protesting?

This video is pretty slick.  Clever to use kids as the messenger.  A real kick to the nuts of TIC.

Not a valid vimeo URL
Title: Re: Fresco @ Eastwood Village
Post by: Compressed-Village on October 24, 2020, 10:36:02 PM
So where is BTB with the toxic lands?

He must be part of the protestors today.
Title: Re: Fresco @ Eastwood Village
Post by: aquabliss on October 24, 2020, 11:29:36 PM
We’re all wearing masks now, should be a non-issue.
Title: Re: Fresco @ Eastwood Village
Post by: qwerty on October 25, 2020, 10:55:13 AM
That’s a hell of an endorsement for orchard hill, Eastwood, stonegate etc. given how far portol springs is from Eastwood and stonegate, Portorla springs is looking pretty good right about now. Hell even the great park sounds better, at least their toxic chemicals are underground so out of sight out of mind
Title: Re: Fresco @ Eastwood Village
Post by: Compressed-Village on October 25, 2020, 11:49:26 AM
All these are still better than Waste Management Recycling processing center and cement facility on Jamboree and Baranca a stone throw away from Tustin Field homes and surrounding area of the Tustin district location.






Title: Re: Fresco @ Eastwood Village
Post by: qwerty on October 25, 2020, 12:06:36 PM
All these are still better than Waste Management Recycling processing center and cement facility on Jamboree and Baranca a stone throw away from Tustin Field homes and surrounding area of the Tustin district location.








It’s a good thing I don’t live by the waste management site. And I I don’t know about the accuracy of your statement. Whatever trash smell comes from the waste management site off of jamboree just comes from the trash that is already inside everyone’s homes. Asphalt smell is probably actually toxic vs trash smell

And we all know an actual landfill that is near orchard hills, Eastwood, stonegate, Woodbury and great park is worse than an a waste management facility.

Hey at least you guys still have great schools! :-)
Title: Re: Fresco @ Eastwood Village
Post by: CogNeuroSci on October 25, 2020, 12:21:49 PM
All these are still better than Waste Management Recycling processing center and cement facility on Jamboree and Baranca a stone throw away from Tustin Field homes and surrounding area of the Tustin district location.








It’s a good thing I don’t live by the waste management site. And I I don’t know about the accuracy of your statement. Whatever trash smell comes from the waste management site off of jamboree just comes from the trash that is already inside everyone’s homes. Asphalt smell is probably actually toxic vs trash smell

And we all know an actual landfill that is near orchard hills, Eastwood, stonegate, Woodbury and great park is worse than an a waste management facility.

Hey at least you guys still have great schools! :-)

Don't forget Portola Springs is also right there by the landfill. I'm so glad that the only thing I'll have to worry about is airborne toxins from the landfill! What a relief.
Title: Re: Fresco @ Eastwood Village
Post by: akkord on October 25, 2020, 09:04:40 PM
I guess if you're superstitious some parts of PS were Native American burial grounds right?  Maybe I'm wrong.
Title: Re: Fresco @ Eastwood Village
Post by: Sidehussle on October 27, 2020, 04:20:54 PM
Wonder if the Silverado fire will make buyers doubt Eastwood, Orchard and PS? Curious to follow the Fresco sales (and pricing).
Title: Re: Fresco @ Eastwood Village
Post by: trematix on October 27, 2020, 04:37:09 PM
Wonder if the Silverado fire will make buyers doubt Eastwood, Orchard and PS? Curious to follow the Fresco sales (and pricing).

I'm curious to know the same. Hopefully no one gets seriously hurt and no one loses there homes.

I was actively looking in OH and GP and now contemplating if it's worth it. With climate change, not sure this will get any better down the road...
Title: Re: Fresco @ Eastwood Village
Post by: Dr. CA Real Estate on October 27, 2020, 08:38:12 PM
Wonder if the Silverado fire will make buyers doubt Eastwood, Orchard and PS? Curious to follow the Fresco sales (and pricing).

Wonder if the Silverado fire will make buyers doubt Eastwood, Orchard and PS? Curious to follow the Fresco sales (and pricing).

Short answer: No

Yesterday and today Ive received calls asking if already scheduled tours have to be canceled or request for new ones lol. Then there's questions regarding if they can get a better deal now if the owner is scared or for new builds, if they have moved up on the priority list with the competition scared off. Thats just for the evacuation zones. Business as usual elsewhere.

Title: Re: Fresco @ Eastwood Village
Post by: Kangen.Irvine on October 28, 2020, 07:52:16 AM
I believe this was a concern with the 2008 fire being closer to Portola Parkway and Northwood, but any local residents have any insight to offer related to home insurance or fire insurance policies?
Title: Re: Fresco @ Eastwood Village
Post by: trematix on October 28, 2020, 05:28:59 PM
Wonder if the Silverado fire will make buyers doubt Eastwood, Orchard and PS? Curious to follow the Fresco sales (and pricing).

Wonder if the Silverado fire will make buyers doubt Eastwood, Orchard and PS? Curious to follow the Fresco sales (and pricing).

Short answer: No

Yesterday and today Ive received calls asking if already scheduled tours have to be canceled or request for new ones lol. Then there's questions regarding if they can get a better deal now if the owner is scared or for new builds, if they have moved up on the priority list with the competition scared off. Thats just for the evacuation zones. Business as usual elsewhere.

I def dont think that is the majority. My opinion, it'll have an affect. It's not going to crash the market but it'll slow it down.
Title: Re: Fresco @ Eastwood Village
Post by: dadbodmortgage on November 14, 2020, 12:55:57 PM
How are these selling? They just released Phase 2, which i think was the 3rd release since the grand opening. (Phase 3, Phase 4, and now Phase 2).
Title: Re: Fresco @ Eastwood Village
Post by: cgs37 on November 14, 2020, 01:19:47 PM
Sounds like it’s selling faster than Solanos but would depend on how many homes per phase
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on May 22, 2021, 07:03:52 PM
IP is continuing to do well. They have plus size models ( Residence 1x, 2x, 3×) opened today. I am considering plan 1×...not too much interior space at 2389Sf but after Salono/Napa in final phases, Fresco seems good value if you want to live in Eastwood.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on May 28, 2021, 05:00:23 PM
IP is continuing to do well. They have plus size models ( Residence 1x, 2x, 3×) opened today. I am considering plan 1×...not too much interior space at 2389Sf but after Salono/Napa in final phases, Fresco seems good value if you want to live in Eastwood.
I am eyeing a Plan 1x at 2389 Sqt as an upgrade from my current Petaluma Plan 3 (2045 sqt).  But sometimes, I wonder if it's really an upgrade. On paper, Fresco is a true SFR and has a bigger lot, plus downstairs bedroom+ bath, and in a nicer part of EW. But, my petaluma has a much efficient floor plan and more counter space in the kitchen compared to the tiny kitchen of Fresco plan 1.  Prices are only going up for SFRs. Wondering if anyone had this type of debate in their mind....
Title: Re: Fresco @ Eastwood Village
Post by: Slevinkelevra on June 16, 2021, 09:58:01 PM
IP is continuing to do well. They have plus size models ( Residence 1x, 2x, 3×) opened today. I am considering plan 1×...not too much interior space at 2389Sf but after Salono/Napa in final phases, Fresco seems good value if you want to live in Eastwood.
I am eyeing a Plan 1x at 2389 Sqt as an upgrade from my current Petaluma Plan 3 (2045 sqt).  But sometimes, I wonder if it's really an upgrade. On paper, Fresco is a true SFR and has a bigger lot, plus downstairs bedroom+ bath, and in a nicer part of EW. But, my petaluma has a much efficient floor plan and more counter space in the kitchen compared to the tiny kitchen of Fresco plan 1.  Prices are only going up for SFRs. Wondering if anyone had this type of debate in their mind....

That is exactly the discussion my wife and I are having about Fresco.  We currently have a 1,991 sq. ft. Juniper plan in Portola Springs.  A Plan 2 would yield a larger backyard (plot dependent), a driveway, a larger laundry room, larger pantry, larger living room area, and larger walk in closet in the master.  Is it worth the $1,598,000 purchase price, not really but the market is fairly efficient.  If the prices are truly too high they wouldn’t be selling.  We’ve seen this in the past where builders have had to offer significant buying incentives along with no price increases from phase to phase.  That does not appear to be the case here.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 16, 2021, 11:08:05 PM
so we ended up getting into a contract for plan 1x. There was always desire for us to own a true SFR with driveway, and this home came very close to it if not ideal.
Initially we felt plan 1 price itself way too high and therefore didnt even pay much attention to plan 2. But,  actually plan 2 floor plan is much better. This would mean another 100k or 500$ more per month if financed. Sticking with plan 1x...got a 180 day rate lock in case rates go up next year.
Title: Re: Fresco @ Eastwood Village
Post by: ThirtySomethingWEquity on June 17, 2021, 10:27:16 AM
IP is continuing to do well. They have plus size models ( Residence 1x, 2x, 3×) opened today. I am considering plan 1×...not too much interior space at 2389Sf but after Salono/Napa in final phases, Fresco seems good value if you want to live in Eastwood.
I am eyeing a Plan 1x at 2389 Sqt as an upgrade from my current Petaluma Plan 3 (2045 sqt).  But sometimes, I wonder if it's really an upgrade. On paper, Fresco is a true SFR and has a bigger lot, plus downstairs bedroom+ bath, and in a nicer part of EW. But, my petaluma has a much efficient floor plan and more counter space in the kitchen compared to the tiny kitchen of Fresco plan 1.  Prices are only going up for SFRs. Wondering if anyone had this type of debate in their mind....

That is exactly the discussion my wife and I are having about Fresco.  We currently have a 1,991 sq. ft. Juniper plan in Portola Springs.  A Plan 2 would yield a larger backyard (plot dependent), a driveway, a larger laundry room, larger pantry, larger living room area, and larger walk in closet in the master.  Is it worth the $1,598,000 purchase price, not really but the market is fairly efficient.  If the prices are truly too high they wouldn’t be selling.  We’ve seen this in the past where builders have had to offer significant buying incentives along with no price increases from phase to phase.  That does not appear to be the case here.

holy SHIT, with landscaping and upgrades you're talking a 1.8M house (or more!).   I get that Irvine is desirable, but definitely look at what you can get for 1.8 in Tustin Ranch or Foothill Ranch/Baker Ranch.  Geez. 
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on June 17, 2021, 10:55:09 AM
so we ended up getting into a contract for plan 1x. There was always desire for us to own a true SFR with driveway, and this home came very close to it if not ideal.
Initially we felt plan 1 price itself way too high and therefore didnt even pay much attention to plan 2. But,  actually plan 2 floor plan is much better. This would mean another 100k or 500$ more per month if financed. Sticking with plan 1x...got a 180 day rate lock in case rates go up next year.
congrats!! question for you, what made you go new construction in the 1m-2m price range? Did you look into buying a resale that requires work and dumping money for renovations instead?
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 17, 2021, 04:25:45 PM
i think in today's market resale is closing in on the pricing for new construction. If the below townhome in QH listed at 1.45 million can go pending in matter of days, then new construction at 1.5 mil base price looks more apealling:
https://www.redfin.com/CA/Irvine/207-Tuberose-92603/home/5918084
Title: Re: Fresco @ Eastwood Village
Post by: irviniteeee on June 17, 2021, 04:29:45 PM
i think in today's market resale is closing in on the pricing for new construction. If the below townhome in QH listed at 1.45 million can go pending in matter of days, then new construction at 1.5 mil base price looks more apealling:
https://www.redfin.com/CA/Irvine/207-Tuberose-92603/home/5918084

And here I was laughing at the price of that one and the other one for sale by it, but I guess someone liked it! Lol.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 17, 2021, 04:35:06 PM
i think in today's market resale is closing in on the pricing for new construction. If the below townhome in QH listed at 1.45 million can go pending in matter of days, then new construction at 1.5 mil base price looks more apealling:
https://www.redfin.com/CA/Irvine/207-Tuberose-92603/home/5918084

And here I was laughing at the price of that one and the other one for sale by it, but I guess someone liked it! Lol.

Location is another consideration. to justify the high price of the QH townhome...I figure QH is very desirable location being south of 405 and zoned to uni high.
Title: Re: Fresco @ Eastwood Village
Post by: Slevinkelevra on June 18, 2021, 03:18:33 PM
IP is continuing to do well. They have plus size models ( Residence 1x, 2x, 3×) opened today. I am considering plan 1×...not too much interior space at 2389Sf but after Salono/Napa in final phases, Fresco seems good value if you want to live in Eastwood.
I am eyeing a Plan 1x at 2389 Sqt as an upgrade from my current Petaluma Plan 3 (2045 sqt).  But sometimes, I wonder if it's really an upgrade. On paper, Fresco is a true SFR and has a bigger lot, plus downstairs bedroom+ bath, and in a nicer part of EW. But, my petaluma has a much efficient floor plan and more counter space in the kitchen compared to the tiny kitchen of Fresco plan 1.  Prices are only going up for SFRs. Wondering if anyone had this type of debate in their mind....

That is exactly the discussion my wife and I are having about Fresco.  We currently have a 1,991 sq. ft. Juniper plan in Portola Springs.  A Plan 2 would yield a larger backyard (plot dependent), a driveway, a larger laundry room, larger pantry, larger living room area, and larger walk in closet in the master.  Is it worth the $1,598,000 purchase price, not really but the market is fairly efficient.  If the prices are truly too high they wouldn’t be selling.  We’ve seen this in the past where builders have had to offer significant buying incentives along with no price increases from phase to phase.  That does not appear to be the case here.

holy SHIT, with landscaping and upgrades you're talking a 1.8M house (or more!).   I get that Irvine is desirable, but definitely look at what you can get for 1.8 in Tustin Ranch or Foothill Ranch/Baker Ranch.  Geez. 

I agree with you completely.  The cost basis is too high. In fact there are other options (new construction) that offer more for your dollar.  Genoa in Orchard Hills Groves is 1.78 and is 3,800 sq. ft. and gated.  But it's Tustin Unified and a KB home.  I have a friend with a brand new KB Home and it was littered with construction issues so their reputation about marginal build quality held true.  Irvine Pacific has a better build reputation, and they always choose the best plots of land within a community. 
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on June 18, 2021, 07:56:26 PM
IP is continuing to do well. They have plus size models ( Residence 1x, 2x, 3×) opened today. I am considering plan 1×...not too much interior space at 2389Sf but after Salono/Napa in final phases, Fresco seems good value if you want to live in Eastwood.
I am eyeing a Plan 1x at 2389 Sqt as an upgrade from my current Petaluma Plan 3 (2045 sqt).  But sometimes, I wonder if it's really an upgrade. On paper, Fresco is a true SFR and has a bigger lot, plus downstairs bedroom+ bath, and in a nicer part of EW. But, my petaluma has a much efficient floor plan and more counter space in the kitchen compared to the tiny kitchen of Fresco plan 1.  Prices are only going up for SFRs. Wondering if anyone had this type of debate in their mind....

That is exactly the discussion my wife and I are having about Fresco.  We currently have a 1,991 sq. ft. Juniper plan in Portola Springs.  A Plan 2 would yield a larger backyard (plot dependent), a driveway, a larger laundry room, larger pantry, larger living room area, and larger walk in closet in the master.  Is it worth the $1,598,000 purchase price, not really but the market is fairly efficient.  If the prices are truly too high they wouldn’t be selling.  We’ve seen this in the past where builders have had to offer significant buying incentives along with no price increases from phase to phase.  That does not appear to be the case here.

holy SHIT, with landscaping and upgrades you're talking a 1.8M house (or more!).   I get that Irvine is desirable, but definitely look at what you can get for 1.8 in Tustin Ranch or Foothill Ranch/Baker Ranch.  Geez. 

I agree with you completely.  The cost basis is too high. In fact there are other options (new construction) that offer more for your dollar.  Genoa in Orchard Hills Groves is 1.78 and is 3,800 sq. ft. and gated.  But it's Tustin Unified and a KB home.  I have a friend with a brand new KB Home and it was littered with construction issues so their reputation about marginal build quality held true.  Irvine Pacific has a better build reputation, and they always choose the best plots of land within a community. 

And this is why is it so important to get a home inspection on a new home.
Title: Re: Fresco @ Eastwood Village
Post by: akkord on June 18, 2021, 08:55:14 PM
so we ended up getting into a contract for plan 1x. There was always desire for us to own a true SFR with driveway, and this home came very close to it if not ideal.
Initially we felt plan 1 price itself way too high and therefore didnt even pay much attention to plan 2. But,  actually plan 2 floor plan is much better. This would mean another 100k or 500$ more per month if financed. Sticking with plan 1x...got a 180 day rate lock in case rates go up next year.

That's nuts, how big are the lots? 
Title: Re: Fresco @ Eastwood Village
Post by: Slevinkelevra on June 18, 2021, 10:55:05 PM
so we ended up getting into a contract for plan 1x. There was always desire for us to own a true SFR with driveway, and this home came very close to it if not ideal.
Initially we felt plan 1 price itself way too high and therefore didnt even pay much attention to plan 2. But,  actually plan 2 floor plan is much better. This would mean another 100k or 500$ more per month if financed. Sticking with plan 1x...got a 180 day rate lock in case rates go up next year.

That's nuts, how big are the lots? 

Models are 4800 sq. ft. which is a little deceptive because they are using a hedge of ficus nitida to represent the back wall (the actual block wall is 15-20 further back which you can kind of see through.)  The average plots are supposed to be about 4400 sq ft with a handful of larger exceptions in both the Orchard Hills and Eastwood development.
Title: Re: Fresco @ Eastwood Village
Post by: Slevinkelevra on June 18, 2021, 11:01:25 PM
IP is continuing to do well. They have plus size models ( Residence 1x, 2x, 3×) opened today. I am considering plan 1×...not too much interior space at 2389Sf but after Salono/Napa in final phases, Fresco seems good value if you want to live in Eastwood.
I am eyeing a Plan 1x at 2389 Sqt as an upgrade from my current Petaluma Plan 3 (2045 sqt).  But sometimes, I wonder if it's really an upgrade. On paper, Fresco is a true SFR and has a bigger lot, plus downstairs bedroom+ bath, and in a nicer part of EW. But, my petaluma has a much efficient floor plan and more counter space in the kitchen compared to the tiny kitchen of Fresco plan 1.  Prices are only going up for SFRs. Wondering if anyone had this type of debate in their mind....

That is exactly the discussion my wife and I are having about Fresco.  We currently have a 1,991 sq. ft. Juniper plan in Portola Springs.  A Plan 2 would yield a larger backyard (plot dependent), a driveway, a larger laundry room, larger pantry, larger living room area, and larger walk in closet in the master.  Is it worth the $1,598,000 purchase price, not really but the market is fairly efficient.  If the prices are truly too high they wouldn’t be selling.  We’ve seen this in the past where builders have had to offer significant buying incentives along with no price increases from phase to phase.  That does not appear to be the case here.

holy SHIT, with landscaping and upgrades you're talking a 1.8M house (or more!).   I get that Irvine is desirable, but definitely look at what you can get for 1.8 in Tustin Ranch or Foothill Ranch/Baker Ranch.  Geez. 

I agree with you completely.  The cost basis is too high. In fact there are other options (new construction) that offer more for your dollar.  Genoa in Orchard Hills Groves is 1.78 and is 3,800 sq. ft. and gated.  But it's Tustin Unified and a KB home.  I have a friend with a brand new KB Home and it was littered with construction issues so their reputation about marginal build quality held true.  Irvine Pacific has a better build reputation, and they always choose the best plots of land within a community. 

And this is why is it so important to get a home inspection on a new home.

Agreed Martin, however this was an unusual situation where water was coming in the windows on one side of the home and inside the walls during the first rain they experienced in the home.  It turned out the flashing on the roof was done incorrectly and the water was actually traveling inside the walls and coming out the window frames.  My friend was fortunate he is a lawyer and threatened KB with a class action suit. Miraculously 4 teams of repair crews showed up within 48 hours, found the problem and repaired it.  All of his initial requests through customer service the prior 3 months were ignored. 
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 19, 2021, 12:08:39 AM
Lot sizes currently sold in EW Fresco is ~4800 sqt.
Title: Re: Fresco @ Eastwood Village
Post by: Slevinkelevra on June 19, 2021, 11:43:11 AM
IP is continuing to do well. They have plus size models ( Residence 1x, 2x, 3×) opened today. I am considering plan 1×...not too much interior space at 2389Sf but after Salono/Napa in final phases, Fresco seems good value if you want to live in Eastwood.
I am eyeing a Plan 1x at 2389 Sqt as an upgrade from my current Petaluma Plan 3 (2045 sqt).  But sometimes, I wonder if it's really an upgrade. On paper, Fresco is a true SFR and has a bigger lot, plus downstairs bedroom+ bath, and in a nicer part of EW. But, my petaluma has a much efficient floor plan and more counter space in the kitchen compared to the tiny kitchen of Fresco plan 1.  Prices are only going up for SFRs. Wondering if anyone had this type of debate in their mind....

That is exactly the discussion my wife and I are having about Fresco.  We currently have a 1,991 sq. ft. Juniper plan in Portola Springs.  A Plan 2 would yield a larger backyard (plot dependent), a driveway, a larger laundry room, larger pantry, larger living room area, and larger walk in closet in the master.  Is it worth the $1,598,000 purchase price, not really but the market is fairly efficient.  If the prices are truly too high they wouldn’t be selling.  We’ve seen this in the past where builders have had to offer significant buying incentives along with no price increases from phase to phase.  That does not appear to be the case here.

holy SHIT, with landscaping and upgrades you're talking a 1.8M house (or more!).   I get that Irvine is desirable, but definitely look at what you can get for 1.8 in Tustin Ranch or Foothill Ranch/Baker Ranch.  Geez. 

I agree with you completely.  The cost basis is too high. In fact there are other options (new construction) that offer more for your dollar.  Genoa in Orchard Hills Groves is 1.78 and is 3,800 sq. ft. and gated.  But it's Tustin Unified and a KB home.  I have a friend with a brand new KB Home and it was littered with construction issues so their reputation about marginal build quality held true.  Irvine Pacific has a better build reputation, and they always choose the best plots of land within a community.

Well I need to correct myself, the Genoa has been raised from $1,780,000 to $1,951,000 as of this morning so my comparison no longer is accurate.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 19, 2021, 12:17:03 PM
IP is continuing to do well. They have plus size models ( Residence 1x, 2x, 3×) opened today. I am considering plan 1×...not too much interior space at 2389Sf but after Salono/Napa in final phases, Fresco seems good value if you want to live in Eastwood.
I am eyeing a Plan 1x at 2389 Sqt as an upgrade from my current Petaluma Plan 3 (2045 sqt).  But sometimes, I wonder if it's really an upgrade. On paper, Fresco is a true SFR and has a bigger lot, plus downstairs bedroom+ bath, and in a nicer part of EW. But, my petaluma has a much efficient floor plan and more counter space in the kitchen compared to the tiny kitchen of Fresco plan 1.  Prices are only going up for SFRs. Wondering if anyone had this type of debate in their mind....

That is exactly the discussion my wife and I are having about Fresco.  We currently have a 1,991 sq. ft. Juniper plan in Portola Springs.  A Plan 2 would yield a larger backyard (plot dependent), a driveway, a larger laundry room, larger pantry, larger living room area, and larger walk in closet in the master.  Is it worth the $1,598,000 purchase price, not really but the market is fairly efficient.  If the prices are truly too high they wouldn’t be selling.  We’ve seen this in the past where builders have had to offer significant buying incentives along with no price increases from phase to phase.  That does not appear to be the case here.

holy SHIT, with landscaping and upgrades you're talking a 1.8M house (or more!).   I get that Irvine is desirable, but definitely look at what you can get for 1.8 in Tustin Ranch or Foothill Ranch/Baker Ranch.  Geez. 

I agree with you completely.  The cost basis is too high. In fact there are other options (new construction) that offer more for your dollar.  Genoa in Orchard Hills Groves is 1.78 and is 3,800 sq. ft. and gated.  But it's Tustin Unified and a KB home.  I have a friend with a brand new KB Home and it was littered with construction issues so their reputation about marginal build quality held true.  Irvine Pacific has a better build reputation, and they always choose the best plots of land within a community.

Well I need to correct myself, the Genoa has been raised from $1,780,000 to $1,951,000 as of this morning so my comparison no longer is accurate.

Thanks for clarifying! I know someone earlier said I was going nuts paying 1.5 million  for Fresco plan 1x, but the reality is pricing are going up everywhere. And as you mentioned, the market is efficient!

We didn't want to buy a resale. After living in a new construction for last 3 years, I have come  to appreciate the value of it. Renovating is a hassle and you are at mercy of getting the right contractor.
Title: Re: Fresco @ Eastwood Village
Post by: Asumis on June 19, 2021, 03:20:52 PM
What are everyone's thoughts on EW and Fresco in particular? Planning to relocate back to SoCal (from the Bay) and not a big fan of this priority list thing...

Talked to the sales reps this past week and I believe we can't get on the priority list until we sell our house here first, since we'll need pre-approval. I'm waiting for the final green light from my employer that I'm able to relocate and won't be finding out until early August, which means we probably can't get on the priority list until end of August at the earliest. Thoughts on chances to secure a home @ Fresco still given that?
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 19, 2021, 04:06:06 PM
Is selling the  BA house the only way to get you as a non-contingent buyer ? If the lender who is pre approving you can look at your other assets  (401k etc) to present you as non-contingent then that can help.

If you ask about EW as neighbourhood- Since i have been living here for 3 years now, I have only positive things to say. It is at close proximity to a lot of amenities, and the tax rate is very low. The good thing about Fresco is the large lot size - something you won't commonly find in a new construction in Irvine. Walkable elementary school is a plus
Title: Re: Fresco @ Eastwood Village
Post by: Asumis on June 19, 2021, 05:26:22 PM
Ahh that definitely makes sense and is worth a try! I was just assuming that we'd need to sell the house in order to get pre-approval, but if they're okay with using 401K assets and such, maybe we can still get it.

Thanks for the suggestion!
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on June 19, 2021, 09:23:34 PM
Ahh that definitely makes sense and is worth a try! I was just assuming that we'd need to sell the house in order to get pre-approval, but if they're okay with using 401K assets and such, maybe we can still get it.

Thanks for the suggestion!

I've helped my clients become non-contingent by buying their exit property.  Feel free to PM me and I can tell you how it works.
Title: Re: Fresco @ Eastwood Village
Post by: irviniteeee on June 20, 2021, 09:50:41 AM
Is selling the  BA house the only way to get you as a non-contingent buyer ? If the lender who is pre approving you can look at your other assets  (401k etc) to present you as non-contingent then that can help.

If you ask about EW as neighbourhood- Since i have been living here for 3 years now, I have only positive things to say. It is at close proximity to a lot of amenities, and the tax rate is very low. The good thing about Fresco is the large lot size - something you won't commonly find in a new construction in Irvine. Walkable elementary school is a plus

I personally think Eastwood is one of the best newer communities. I like the layout and it seems like HOA fees and tax are much lower there. I would pick EW over Stonegate across the way any day.
Title: Re: Fresco @ Eastwood Village
Post by: cgs37 on June 20, 2021, 10:33:52 AM
Another thing I like about Eastwood is there are no apartments. Feel like this keeps the density down some even though people definitely rent out homes/units.
Title: Re: Fresco @ Eastwood Village
Post by: Asumis on June 20, 2021, 09:04:49 PM
Another thing I like about Eastwood is there are no apartments. Feel like this keeps the density down some even though people definitely rent out homes/units.
Is selling the  BA house the only way to get you as a non-contingent buyer ? If the lender who is pre approving you can look at your other assets  (401k etc) to present you as non-contingent then that can help.

If you ask about EW as neighbourhood- Since i have been living here for 3 years now, I have only positive things to say. It is at close proximity to a lot of amenities, and the tax rate is very low. The good thing about Fresco is the large lot size - something you won't commonly find in a new construction in Irvine. Walkable elementary school is a plus

I personally think Eastwood is one of the best newer communities. I like the layout and it seems like HOA fees and tax are much lower there. I would pick EW over Stonegate across the way any day.

Thanks all for the feedback! Looks like we just have to try and get ourselves on the priority list ASAP then!
Title: Re: Fresco @ Eastwood Village
Post by: The California Court Company on June 22, 2021, 07:38:57 AM
Another thing I like about Eastwood is there are no apartments. Feel like this keeps the density down some even though people definitely rent out homes/units.

Except you have those luxurious mobile homes on one side, and old Northwood apartments on the other side. plus only two community pools.
Title: Re: Fresco @ Eastwood Village
Post by: ThirtySomethingWEquity on June 23, 2021, 11:02:55 AM
Another thing I like about Eastwood is there are no apartments. Feel like this keeps the density down some even though people definitely rent out homes/units.

Except you have those luxurious mobile homes on one side, and old Northwood apartments on the other side. plus only two community pools.

100% with you.  It's a nice neighborhood in a vacuum but it's not in a vacuum it's on Irvine Blvd by a very old mobile home park.  I'd pick the houses further south in Portola Springs over Eastwood. 
Title: Re: Fresco @ Eastwood Village
Post by: DBtoOC on June 23, 2021, 11:06:46 AM
Another thing I like about Eastwood is there are no apartments. Feel like this keeps the density down some even though people definitely rent out homes/units.

Except you have those luxurious mobile homes on one side, and old Northwood apartments on the other side. plus only two community pools.

100% with you.  It's a nice neighborhood in a vacuum but it's not in a vacuum it's on Irvine Blvd by a very old mobile home park.  I'd pick the houses further south in Portola Springs over Eastwood.

I also would choose the Portola Springs neighborhood over Eastwood.  Aside from the other issues mentioned earlier, Eastwood just feels too 'cookie-cutter'...it doesn't feel special.  But to each their own.
Title: Re: Fresco @ Eastwood Village
Post by: irviniteeee on June 23, 2021, 12:35:38 PM
Another thing I like about Eastwood is there are no apartments. Feel like this keeps the density down some even though people definitely rent out homes/units.

Except you have those luxurious mobile homes on one side, and old Northwood apartments on the other side. plus only two community pools.

100% with you.  It's a nice neighborhood in a vacuum but it's not in a vacuum it's on Irvine Blvd by a very old mobile home park.  I'd pick the houses further south in Portola Springs over Eastwood.

I also would choose the Portola Springs neighborhood over Eastwood.  Aside from the other issues mentioned earlier, Eastwood just feels too 'cookie-cutter'...it doesn't feel special.  But to each their own.

You can kiss most of the not-so-cookie-cutter days bye bye. Irvine Co. doesn't really design communities in that way anymore.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 23, 2021, 12:54:08 PM
And how more new communities can we see in irvine? I guess the ones in Portola springs will be last major one right?
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on June 23, 2021, 01:19:52 PM
And how more new communities can we see in irvine? I guess the ones in Portola springs will be last major one right?

There are more homes coming in Portola Springs and Orchard Hills (Northwest corner of Jeffery/Portola) and that's it besides Great Park which will take another 10+ years to build out.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 23, 2021, 02:53:54 PM
My wife and I were reviewing the pros and cons of the Fresco Plan 1x. As I mentioned earlier, the floor plan is not ideal but I wanted to get some opinions from the experts on this forum on the floor plan cons that I have noted below. Will these cons be of a big concern if for future resale perspective?
1. Secondary Bathroom and sinks adjacent to Primary bedroom as shown below. (Most floor plans I have seen for SFR have the primary bed room tucked away from secondary bedrooms and bath.)


2. Reduced counter space kitchen:

Ultimately, it will be our decision, but looking to get some feedback from RE professionals.
Title: Re: Fresco @ Eastwood Village
Post by: lnc on June 24, 2021, 12:13:05 PM
And how more new communities can we see in irvine? I guess the ones in Portola springs will be last major one right?

Beside the ongoing new tracts in the Portola Springs, OH1(Groves), OH3(Reserve) and GP, there are GP District 5 (over 3000 homes) and OH4, just north of EW with less than 300 homes proposed. 

The GP District 5 will be the last major neighborhood but southern half will be zone to Lake Forest's Saddleback Valley Unified School District.

I post some info on this topic back in 2016,

https://www.talkirvine.com/index.php/topic,14947.msg300330.html#msg300330
Title: Re: Fresco @ Eastwood Village
Post by: iacrenter on June 24, 2021, 02:39:05 PM
And how more new communities can we see in irvine? I guess the ones in Portola springs will be last major one right?

Beside the ongoing new tracts in the Portola Springs, OH1(Groves), OH3(Reserve) and GP, there are GP District 5 (over 3000 homes) and OH4, just north of EW with less than 300 homes proposed. 

The GP District 5 will be the last major neighborhood but southern half will be zone to Lake Forest's Saddleback Valley Unified School District.

I post some info on this topic back in 2016,

https://www.talkirvine.com/index.php/topic,14947.msg300330.html#msg300330


Don't forget about the IBC (Irvine Business Complex). The area is zoned for 15,000 residential units.

IBC Residential Projects as of May 2021:
Map:
https://legacy.cityofirvine.org/civica/filebank/blobdload.asp?BlobID=10247
List:
https://legacy.cityofirvine.org/civica/filebank/blobdload.asp?BlobID=24784
Title: Re: Fresco @ Eastwood Village
Post by: marmott on June 24, 2021, 03:29:34 PM
My wife and I were reviewing the pros and cons of the Fresco Plan 1x. As I mentioned earlier, the floor plan is not ideal but I wanted to get some opinions from the experts on this forum on the floor plan cons that I have noted below. Will these cons be of a big concern if for future resale perspective?
1. Secondary Bathroom and sinks adjacent to Primary bedroom as shown below. (Most floor plans I have seen for SFR have the primary bed room tucked away from secondary bedrooms and bath.)


2. Reduced counter space kitchen:

Ultimately, it will be our decision, but looking to get some feedback from RE professionals.

For point 1, do you know if the builder puts sound insulation in the wall or has an option to do it in the design center? I would be worried if there was no way to get insulation installed ibut with it it should be okay.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 24, 2021, 04:26:03 PM
My wife and I were reviewing the pros and cons of the Fresco Plan 1x. As I mentioned earlier, the floor plan is not ideal but I wanted to get some opinions from the experts on this forum on the floor plan cons that I have noted below. Will these cons be of a big concern if for future resale perspective?
1. Secondary Bathroom and sinks adjacent to Primary bedroom as shown below. (Most floor plans I have seen for SFR have the primary bed room tucked away from secondary bedrooms and bath.)


2. Reduced counter space kitchen:

Ultimately, it will be our decision, but looking to get some feedback from RE professionals.

For point 1, do you know if the builder puts sound insulation in the wall or has an option to do it in the design center? I would be worried if there was no way to get insulation installed ibut with it it should be okay.

builder provides Add on Insulation as an upgrade. This will be put in select locations. I will be selecting that option. I hope that would be sufficient for the expected noise from the secondary bath to the primary bedroom.
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on June 24, 2021, 05:47:10 PM
And how more new communities can we see in irvine? I guess the ones in Portola springs will be last major one right?

Beside the ongoing new tracts in the Portola Springs, OH1(Groves), OH3(Reserve) and GP, there are GP District 5 (over 3000 homes) and OH4, just north of EW with less than 300 homes proposed. 

The GP District 5 will be the last major neighborhood but southern half will be zone to Lake Forest's Saddleback Valley Unified School District.

I post some info on this topic back in 2016,

https://www.talkirvine.com/index.php/topic,14947.msg300330.html#msg300330


Don't forget about the IBC (Irvine Business Complex). The area is zoned for 15,000 residential units.

IBC Residential Projects as of May 2021:
Map:
https://legacy.cityofirvine.org/civica/filebank/blobdload.asp?BlobID=10247
List:
https://legacy.cityofirvine.org/civica/filebank/blobdload.asp?BlobID=24784

Those look to be mostly apartments and then attached 3-level condos so not really what most buyers are looking for currently. 
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on June 24, 2021, 05:49:20 PM
And how more new communities can we see in irvine? I guess the ones in Portola springs will be last major one right?

Beside the ongoing new tracts in the Portola Springs, OH1(Groves), OH3(Reserve) and GP, there are GP District 5 (over 3000 homes) and OH4, just north of EW with less than 300 homes proposed. 

The GP District 5 will be the last major neighborhood but southern half will be zone to Lake Forest's Saddleback Valley Unified School District.

I post some info on this topic back in 2016,

https://www.talkirvine.com/index.php/topic,14947.msg300330.html#msg300330


Once all of the new homes are sold, especially Eastwood, Orchard Hills, and Portola Springs I'd expect prices for resale homes to increase further as there will be less inventory for buyers to pick from.  Heck, if there were no new homes to soak up buyer demand today I believe that Irvine prices would be up another 5-10%.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 11, 2021, 05:13:52 PM
On the last stretch of Fresco homes in Eastwood, all are going to be the Plus plans (1+, 2+, 3+) - So they will have the Suite downstairs as standard. But, conservatory is going to be optional.  I am finding this on IP website.
It looks like buyers value the suite over the conservatory in today's market. Without the optional conservatory, the smallest Fresco home would be 2213Sqt.

Title: Re: Fresco @ Eastwood Village
Post by: Cares on October 11, 2021, 07:26:50 PM
On the last stretch of Fresco homes in Eastwood, all are going to be the Plus plans (1+, 2+, 3+) - So they will have the Suite downstairs as standard. But, conservatory is going to be optional.  I am finding this on IP website.
It looks like buyers value the suite over the conservatory in today's market. Without the optional conservatory, the smallest Fresco home would be 2213Sqt.

If I recall correctly, the Plus plan does not mean suite downstairs. It just means the downstairs room will have slightly more square footage than the non-plus.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 11, 2021, 07:35:29 PM
On the last stretch of Fresco homes in Eastwood, all are going to be the Plus plans (1+, 2+, 3+) - So they will have the Suite downstairs as standard. But, conservatory is going to be optional.  I am finding this on IP website.
It looks like buyers value the suite over the conservatory in today's market. Without the optional conservatory, the smallest Fresco home would be 2213Sqt.

If I recall correctly, the Plus plan does not mean suite downstairs. It just means the downstairs room will have slightly more square footage than the non-plus.

All plus plans of Fresco have a suite downstairs. The bedroom gets a little bigger and ensuite full bath - separate  powder room outside the suite for guests.

Optional conservatory would work for plans 2+ and 3+ - there is enough space inside without conservatory. For the plan 1+, without this option the interior space in the first floor will be really less.

In original plan 1, the downstairs room was very tiny - It could only be used as an office in my opinion.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on October 11, 2021, 10:15:45 PM
On the last stretch of Fresco homes in Eastwood, all are going to be the Plus plans (1+, 2+, 3+) - So they will have the Suite downstairs as standard. But, conservatory is going to be optional.  I am finding this on IP website.
It looks like buyers value the suite over the conservatory in today's market. Without the optional conservatory, the smallest Fresco home would be 2213Sqt.

I don’t think this has to do with the buyers preference or anything like it. The majority of the Fresco extension lots (starting phase 12) are about ~1000 sqft smaller than most lots on Abalone and Parakeet. With a setback of 5 ft on the new lots you barely get a shoulder’s width for a backyard, especially for plan 1 which extends deeper in the lot than the other 2 plans . So IP decided to forgo the conservatory for some breathing room in the back. But to compensate for the reduced living space, they made the first floor suite standard. Moreover, for buyers who still want a conservatory/outdoor living space, IP will charge them a 78K+ premium for that, bringing the latest phase pricing very close to the latest release on the larger lots.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 11, 2021, 10:27:48 PM
On the last stretch of Fresco homes in Eastwood, all are going to be the Plus plans (1+, 2+, 3+) - So they will have the Suite downstairs as standard. But, conservatory is going to be optional.  I am finding this on IP website.
It looks like buyers value the suite over the conservatory in today's market. Without the optional conservatory, the smallest Fresco home would be 2213Sqt.

I don’t think this has to do with the buyers preference or anything like it. The majority of the Fresco extension lots (starting phase 12) are about ~1000 sqft smaller than most lots on Abalone and Parakeet. With a setback of 5 ft on the new lots you barely get a shoulder’s width for a backyard, especially for plan 1 which extends deeper in the lot than the other 2 plans . So IP decided to forgo the conservatory for some breathing room in the back. But to compensate for the reduced living space, they made the first floor suite standard. Moreover, for buyers who still want a conservatory/outdoor living space, IP will charge them a 78K+ premium for that, bringing the latest phase pricing very close to the latest release on the larger lots.

Thank you for sharing this perspective! The 5ft offset in the back is really small. Considering that these extension lots were lots of the former Calistoga homes, which are some of the largest in EW , I thought there should have been sufficient space. But that 78K premium for Consevatory is really a lot.

Any idea how much $$ they are selling the homes on these new lots?
Title: Re: Fresco @ Eastwood Village
Post by: Asumis on October 11, 2021, 10:51:30 PM
On the last stretch of Fresco homes in Eastwood, all are going to be the Plus plans (1+, 2+, 3+) - So they will have the Suite downstairs as standard. But, conservatory is going to be optional.  I am finding this on IP website.
It looks like buyers value the suite over the conservatory in today's market. Without the optional conservatory, the smallest Fresco home would be 2213Sqt.

I don’t think this has to do with the buyers preference or anything like it. The majority of the Fresco extension lots (starting phase 12) are about ~1000 sqft smaller than most lots on Abalone and Parakeet. With a setback of 5 ft on the new lots you barely get a shoulder’s width for a backyard, especially for plan 1 which extends deeper in the lot than the other 2 plans . So IP decided to forgo the conservatory for some breathing room in the back. But to compensate for the reduced living space, they made the first floor suite standard. Moreover, for buyers who still want a conservatory/outdoor living space, IP will charge them a 78K+ premium for that, bringing the latest phase pricing very close to the latest release on the larger lots.

Any idea how much $$ they are selling the homes on these new lots?

Plan 1 - 1.52M (option for conservatory)
Plan 2 - 1.744M (conservatory included)
Plan 3 - 1.762M (no option for conservatory)
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on October 11, 2021, 11:07:59 PM
On the last stretch of Fresco homes in Eastwood, all are going to be the Plus plans (1+, 2+, 3+) - So they will have the Suite downstairs as standard. But, conservatory is going to be optional.  I am finding this on IP website.
It looks like buyers value the suite over the conservatory in today's market. Without the optional conservatory, the smallest Fresco home would be 2213Sqt.

I don’t think this has to do with the buyers preference or anything like it. The majority of the Fresco extension lots (starting phase 12) are about ~1000 sqft smaller than most lots on Abalone and Parakeet. With a setback of 5 ft on the new lots you barely get a shoulder’s width for a backyard, especially for plan 1 which extends deeper in the lot than the other 2 plans . So IP decided to forgo the conservatory for some breathing room in the back. But to compensate for the reduced living space, they made the first floor suite standard. Moreover, for buyers who still want a conservatory/outdoor living space, IP will charge them a 78K+ premium for that, bringing the latest phase pricing very close to the latest release on the larger lots.

Thank you for sharing this perspective! The 5ft offset in the back is really small. Considering that these extension lots were lots of the former Calistoga homes, which are some of the largest in EW , I thought there should have been sufficient space. But that 78K premium for Consevatory is really a lot.

Any idea how much $$ they are selling the homes on these new lots?

Most of the extension lots are 3900 sqft, but there will be a handful with a much larger size, in which case a conservatory should be an obvious choice.

They are offering plan 1 for $1.52M, plan 2 for 1.744M (price includes optional conservatory), and plan 3 for 1.762 M. Seems like plan 2 is the best suited to tack on a conservatory in this tight space while leaving some room in the back

Title: Re: Fresco @ Eastwood Village
Post by: affluent on October 13, 2021, 12:20:39 PM
If someone gets on the priority list today for Fresco@ Eastwood, how soon they can reserve a home?
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on October 13, 2021, 01:15:41 PM
If someone gets on the priority list today for Fresco@ Eastwood, how soon they can reserve a home?
Probably months, maybe even more than a year. Or probably even not at all.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 13, 2021, 04:10:07 PM
If someone gets on the priority list today for Fresco@ Eastwood, how soon they can reserve a home?
Probably months, maybe even more than a year. Or probably even not at all.

Unless things have radically changed in the last 3 months, I have seen some folks get called for Fresco in EW within 1 or 2 releases of getting on the list. The plan 2 and 3 are most popular ones, but one could have a good chance at plan 1. Also, sometimes if you visit the sales office 1-2 days after a Release and if ones above you passed it up , then you may get offered the home that is still waiting for a buyer.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on October 13, 2021, 04:22:35 PM
Unless things have radically changed in the last 3 months, I have seen some folks get called for Fresco in EW within 1 or 2 releases of getting on the list. The plan 2 and 3 are most popular ones, but one could have a good chance at plan 1. Also, sometimes if you visit the sales office 1-2 days after a Release and if ones above you passed it up , then you may get offered the home that is still waiting for a buyer.

Really? I thought Eastwood was more popular than Portola Springs. The lists for Bluffs and Highland are really long. There has been two phases since I got on the lists and those homes are sold quickly. They never get outside of priority list. I'm still waiting for a call from either one.
Title: Re: Fresco @ Eastwood Village
Post by: Mety on October 14, 2021, 09:46:28 AM
Let me tell you guys a secret. Well, it's not really a secret since many people know already.

The key to get a call from them (any new homes) is that you show you are really serious about buying there. Go to the model office often. Show your face and get to know them. Show your willingness to put your money right now. Tell them you would really love to have that lot. No matter what the "wait list" numbers are, you would get a call from them sooner than you thought. They can call whoever they want to call. There is no waitlist to be honest. Believe or not, most people on the waitlist are NOT willing to proceed once they get a call so your true genuine interest and willingness to buy will count when it comes to them calling who first.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 14, 2021, 10:20:36 AM
Let me tell you guys a secret. Well, it's not really a secret since many people know already.

The key to get a call from them (any new homes) is that you show you are really serious about buying there. Go to the model office often. Show your face and get to know them. Show your willingness to put your money right now. Tell them you would really love to have that lot. No matter what the "wait list" numbers are, you would get a call from them sooner than you thought. They can call whoever they want to call. There is no waitlist to be honest. Believe or not, most people on the waitlist are NOT willing to proceed once they get a call so your true genuine interest and willingness to buy will count when it comes to them calling who first.

I agree with above. I was able to get Petaluma back in 2018 following this - it was totally unexpected since I had reserved and backed out multiple time, which meant they would have put me down in the list as they say. But when I was serious, I met with the sales a couple of times and i got a call in the next release.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on October 14, 2021, 11:04:31 AM
Let me tell you guys a secret. Well, it's not really a secret since many people know already.

The key to get a call from them (any new homes) is that you show you are really serious about buying there. Go to the model office often. Show your face and get to know them. Show your willingness to put your money right now. Tell them you would really love to have that lot. No matter what the "wait list" numbers are, you would get a call from them sooner than you thought. They can call whoever they want to call. There is no waitlist to be honest. Believe or not, most people on the waitlist are NOT willing to proceed once they get a call so your true genuine interest and willingness to buy will count when it comes to them calling who first.

Well, I did all of that (unknowingly), actually. Once we looked at Bluffs, my wife fell in love with Portola Springs, and we really like the IP floor plans. So the next week, we decided to look at Highland and Hillside to increase our chance at Portola Springs, and I called Bluffs for another look at their models. And I told them (all 3) how much we love the IP homes. We actually love the IP floorplans. And we were telling them how anxious my wife was about not being able to get one of their homes. I guess we probably should go there a couple more times to show them how much we love their homes.  ;D

But from the tone of the sales consultants at Bluffs and Highland, they will go down the priority list for each phase. I don't know how much truth there is in that, but that's what we were told.

Also, it seems like in every phase release, the homes go quickly, so there seems to be strong interest in Bluffs and Highland homes, so I'm not sure if the tactic would work.
Title: Re: Fresco @ Eastwood Village
Post by: Mety on October 14, 2021, 01:39:01 PM
Let me tell you guys a secret. Well, it's not really a secret since many people know already.

The key to get a call from them (any new homes) is that you show you are really serious about buying there. Go to the model office often. Show your face and get to know them. Show your willingness to put your money right now. Tell them you would really love to have that lot. No matter what the "wait list" numbers are, you would get a call from them sooner than you thought. They can call whoever they want to call. There is no waitlist to be honest. Believe or not, most people on the waitlist are NOT willing to proceed once they get a call so your true genuine interest and willingness to buy will count when it comes to them calling who first.

Well, I did all of that (unknowingly), actually. Once we looked at Bluffs, my wife fell in love with Portola Springs, and we really like the IP floor plans. So the next week, we decided to look at Highland and Hillside to increase our chance at Portola Springs, and I called Bluffs for another look at their models. And I told them (all 3) how much we love the IP homes. We actually love the IP floorplans. And we were telling them how anxious my wife was about not being able to get one of their homes. I guess we probably should go there a couple more times to show them how much we love their homes.  ;D

But from the tone of the sales consultants at Bluffs and Highland, they will go down the priority list for each phase. I don't know how much truth there is in that, but that's what we were told.

Also, it seems like in every phase release, the homes go quickly, so there seems to be strong interest in Bluffs and Highland homes, so I'm not sure if the tactic would work.

When you're talking with them, look at the map with lots/phases and find the one you like the most. Tell them you would love to have that lot. They don't need to hear how you love the floor plans and etc. What they want to know is how serious you are. Get specific with the lot even if that is couple phases later. Of course have all your pre-qualification, cash, and necessary paper works ready at any time. If they really felt like you've been serious, then they'll call you when that lot opens up. Right now it's a little more competitive than 2018 that Irvinhomeseeker said, so the chance might be narrower, but you at least told them specifically what you want and you've done your best. Good luck! I hope you get the home you and your wife really love.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on October 14, 2021, 01:51:10 PM
When you're talking with them, look at the map with lots/phases and find the one you like the most. Tell them you would love to have that lot. They don't need to hear how you love the floor plans and etc. What they want to know is how serious you are. Get specific with the lot even if that is couple phases later. Of course have all your pre-qualification, cash, and necessary paper works ready at any time. If they really felt like you've been serious, then they'll call you when that lot opens up. Right now it's a little more competitive than 2018 that Irvinhomeseeker said, so the chance might be narrower, but you at least told them specifically what you want and you've done your best. Good luck! I hope you get the home you and your wife really love.

To even get on the priority list, you need to provide pre-approval letter and proof of funds. So I don't think that strategy works anymore. The lists really are long nowadays.

For example, Toll Brother's The Meadows had been processing over 3000 online applications.
Title: Re: Fresco @ Eastwood Village
Post by: Mety on October 14, 2021, 01:59:54 PM
Well, I told you what I know. I may be right or I may be wrong. The decision is up to you. Good luck.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on October 14, 2021, 03:04:15 PM
I'm just saying that situation changed. Pretty much everyone on the priority list is serious, which is why the homes are sold within days of release.

Basically, what the lady at Bluffs told me is this. She would put the people on the list (based on date added to the list) into groups of 10. She would email the release information to the first or two groups. She would give them a couple of days to consider the price and lot. Then she would call them, from top down, and she would give them a few minutes to make the decision to go ahead or not. If not, she'd go to the next one on the list.

The lady at Highland does things differently.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on October 14, 2021, 03:12:10 PM
I'm just saying that situation changed. Pretty much everyone on the priority list is serious, which is why the homes are sold within days of release.

Basically, what the lady at Bluffs told me is this. She would put the people on the list (based on date added to the list) into groups of 10. She would email the release information to the first or two groups. She would give them a couple of days to consider the price and lot. Then she would call them, from top down, and she would give them a few minutes to make the decision to go ahead or not. If not, she'd go to the next one on the list.

The lady at Highland does things differently.

Lady at Highland....used to be at Piedmont EW before...I don't like how she treats clients, just my opinion. Fresco sales people are much better.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on October 14, 2021, 03:20:58 PM
I'm just saying that situation changed. Pretty much everyone on the priority list is serious, which is why the homes are sold within days of release.

Basically, what the lady at Bluffs told me is this. She would put the people on the list (based on date added to the list) into groups of 10. She would email the release information to the first or two groups. She would give them a couple of days to consider the price and lot. Then she would call them, from top down, and she would give them a few minutes to make the decision to go ahead or not. If not, she'd go to the next one on the list.

The lady at Highland does things differently.

Lady at Highland....used to be at Piedmont EW before...I don't like how she treats clients, just my opinion. Fresco sales people are much better.

Cheryl Holthaus? Well, she wasn't very responsive to my emails asking for price sheet and site map. At least, the lady at Bluffs responded to every email I sent.
Title: Re: Fresco @ Eastwood Village
Post by: abhinata on October 14, 2021, 11:26:30 PM
+1 for Sales lady @ Highlands! She is very quirky, works now when demand is high but someday she should not be in frontline sales.

She is also very hesitant to share and details about list and releases, just get on the priority list with preapproval and proof of funds! Feel the frustration of folks looking to buy right now. I have heard that some folks who are on list is passing it to their family or friends, not sure how much truth is to that. I hate that the list is not transparent!!
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on October 14, 2021, 11:32:50 PM
+1 for Sales lady @ Highlands! She is very quirky, works now when demand is high but someday she should not be in frontline sales.

She is also very hesitant to share and details about list and releases, just get on the priority list with preapproval and proof of funds! Feel the frustration of folks looking to buy right now. I have heard that some folks who are on list is passing it to their family or friends, not sure how much truth is to that. I hate that the list is not transparent!!

I'm already on the priority list. Provided her pre-approval letter and proof of funds. When I talked to her at the sales office, she said she would share the price sheet and site map with everyone on the priority list after they had been claimed. I was expected the latest release to have all been claimed, but she still didn't respond to my email.

I don't like that the list isn't transparent either, but I guess they can't really share customer data.
Title: Re: Fresco @ Eastwood Village
Post by: affluent on October 16, 2021, 07:50:03 AM
Is Fresco Eastwood hard to get compared to Fresco Orchard hills? I just joined the wait list.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on October 16, 2021, 10:08:39 AM
+1 for Sales lady @ Highlands! She is very quirky, works now when demand is high but someday she should not be in frontline sales.

She is also very hesitant to share and details about list and releases, just get on the priority list with preapproval and proof of funds! Feel the frustration of folks looking to buy right now. I have heard that some folks who are on list is passing it to their family or friends, not sure how much truth is to that. I hate that the list is not transparent!!

I'm already on the priority list. Provided her pre-approval letter and proof of funds. When I talked to her at the sales office, she said she would share the price sheet and site map with everyone on the priority list after they had been claimed. I was expected the latest release to have all been claimed, but she still didn't respond to my email.

I don't like that the list isn't transparent either, but I guess they can't really share customer data.


I think I can reconcile between your account of events and Met’s. Basically, the sales office will honor the priority list, however, these lists have a way of getting very long with time and outdated. Internally, they will have to update their list based on how engaged the prospective buyer is. If they don’t hear from you for a long time, or you don’t reply to their release emails regularly with your lot preferences they will assume you are either not interested or you have moved on. In which case, the more engaged buyer will move up the list and get called on quicker. So, the priority list is respected but it is also dynamic. Having said that, it’s also true like you said, that at this time, almost everyone on the list is active and engaged.
Title: Re: Fresco @ Eastwood Village
Post by: Cares on October 16, 2021, 11:08:21 AM
Is Fresco Eastwood hard to get compared to Fresco Orchard hills? I just joined the wait list.

When I last checked a few weeks ago, you could directly reserve an OH lot right now but there's a waitlist for EW. I don't know if that changed since then.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on October 16, 2021, 01:20:54 PM
I think I can reconcile between your account of events and Met’s. Basically, the sales office will honor the priority list, however, these lists have a way of getting very long with time and outdated. Internally, they will have to update their list based on how engaged the prospective buyer is. If they don’t hear from you for a long time, or you don’t reply to their release emails regularly with your lot preferences they will assume you are either not interested or you have moved on. In which case, the more engaged buyer will move up the list and get called on quicker. So, the priority list is respected but it is also dynamic. Having said that, it’s also true like you said, that at this time, almost everyone on the list is active and engaged.

I'm trying my best to stay engaged. We're planning to go to see the models again and talk to her next weekend. She's hoping to release a new phase next weekend, so maybe it'll help us for the phase after that.

But she did say before that the people on the priority don't lose their spot even if they keep deferring on each phase release. The only ways they would lose their spot is if (1) they ask to be removed from the list, (2) the amount of loan they're approved for is lower than the home price and they don't update the pre-approval, or (3) they don't respond to email/call when a new phase is release.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on November 06, 2021, 01:03:20 PM
We have been on priority list since August. There is a long waiting list for the last 50 homes. We are not even sure if it’ll get to our turn.

Does anyone have any idea the current wait time after being on the lost? TIA
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on November 21, 2021, 05:23:14 PM
We were finally able to put a deposit for 3x plus with 4k lot. Phrase 13 is releasing next week. I am surprised that it was already our turn. If you are on the waiting list after august, your turn should be up pretty soon.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on November 21, 2021, 06:26:10 PM
We were finally able to put a deposit for 3x plus with 4k lot. Phrase 13 is releasing next week. I am surprised that it was already our turn. If you are on the waiting list after august, your turn should be up pretty soon.
Congrats!
When I visited Sales last week they were telling me that the list has gotten so long that they may have to stop taking in new folks.  If you are well qualified and express genuine interest, you may get called much earlier than you think.
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on November 21, 2021, 06:28:36 PM
We were finally able to put a deposit for 3x plus with 4k lot. Phrase 13 is releasing next week. I am surprised that it was already our turn. If you are on the waiting list after august, your turn should be up pretty soon.
Congrats!
When I visited Sales last week they were telling me that the list has gotten so long that they may have to stop taking in new folks.  If you are well qualified and express genuine interest, you may get called much earlier than you think.

That's because inventory levels are super low right now...less than 100 homes for sale in Irvine which is totally nuts.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on November 22, 2021, 06:33:21 AM
What really crazy is that they only allowed 1 hour for us to respond to their offer. We got an email sent at 11:30 asking if we were interested and if they didnt hear from us by 12:30, they would move to the next buyer on the list.  We are talking about $2 million home purchase here and only 1 hour to decide.  It’s freaken nut and only in Irvine.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on November 22, 2021, 06:47:45 AM
What really crazy is that they only allowed 1 hour for us to respond to their offer. We got an email sent at 11:30 asking if we were interested and if they didnt hear from us by 12:30, they would move to the next buyer on the list.  We are talking about $2 million home purchase here and only 1 hour to decide.  It’s freaken nut and only in Irvine.

When we bought a house in Irvine in 1998 we were giving two minutes. People were in the sales office. When your name came up, you had to choose a lot. If you weren't ready you lost your spot.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on November 22, 2021, 11:38:43 AM
What really crazy is that they only allowed 1 hour for us to respond to their offer. We got an email sent at 11:30 asking if we were interested and if they didnt hear from us by 12:30, they would move to the next buyer on the list.  We are talking about $2 million home purchase here and only 1 hour to decide.  It’s freaken nut and only in Irvine.

The way Bluffs at PS works is that she'll send out an email to her first group of 10 people with the lot information, etc., a day in advance, to allow you to discuss among yourselves. Then, she starts calling people from her list and you have to respond right away. And you get an hour or so to make the deposit to reserve the home.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on November 22, 2021, 07:24:07 PM
What really crazy is that they only allowed 1 hour for us to respond to their offer. We got an email sent at 11:30 asking if we were interested and if they didnt hear from us by 12:30, they would move to the next buyer on the list.  We are talking about $2 million home purchase here and only 1 hour to decide.  It’s freaken nut and only in Irvine.

When we bought a house in Irvine in 1998 we were giving two minutes. People were in the sales office. When your name came up, you had to choose a lot. If you weren't ready you lost your spot.

Funny how time has changed.  When i bought my place in Woodbury 12 years ago after financial crisis(2009), builder even offered me 50k for upgrades and there was not even a single soul on the list.

I was surprised that the corner lot was offered to me @ Eastwood this late of the game. It was a no brainer for me to pull the trigger.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on November 23, 2021, 07:16:40 AM
What really crazy is that they only allowed 1 hour for us to respond to their offer. We got an email sent at 11:30 asking if we were interested and if they didnt hear from us by 12:30, they would move to the next buyer on the list.  We are talking about $2 million home purchase here and only 1 hour to decide.  It’s freaken nut and only in Irvine.

When we bought a house in Irvine in 1998 we were giving two minutes. People were in the sales office. When your name came up, you had to choose a lot. If you weren't ready you lost your spot.

Funny how time has changed.  When i bought my place in Woodbury 12 years ago after financial crisis(2009), builder even offered me 50k for upgrades and there was not even a single soul on the list.

I was surprised that the corner lot was offered to me @ Eastwood this late of the game. It was a no brainer for me to pull the trigger.
That is quite surprising to be able to get a corner lot! I guess the prices have gotten so high that it may be scaring some people from jumping in to buy.
Title: Re: Fresco @ Eastwood Village
Post by: SM on November 23, 2021, 01:46:35 PM
I've been on the waitlist for 1x since Aug end. I wonder if the waitlist for 1+ is longer. Hoping to hear back soon.
Title: Re: Fresco @ Eastwood Village
Post by: trematix on November 23, 2021, 04:19:15 PM
What really crazy is that they only allowed 1 hour for us to respond to their offer. We got an email sent at 11:30 asking if we were interested and if they didnt hear from us by 12:30, they would move to the next buyer on the list.  We are talking about $2 million home purchase here and only 1 hour to decide.  It’s freaken nut and only in Irvine.

When we bought a house in Irvine in 1998 we were giving two minutes. People were in the sales office. When your name came up, you had to choose a lot. If you weren't ready you lost your spot.

Funny how time has changed.  When i bought my place in Woodbury 12 years ago after financial crisis(2009), builder even offered me 50k for upgrades and there was not even a single soul on the list.

I was surprised that the corner lot was offered to me @ Eastwood this late of the game. It was a no brainer for me to pull the trigger.
That is quite surprising to be able to get a corner lot! I guess the prices have gotten so high that it may be scaring some people from jumping in to buy.

When the price hits a certain price point, you get through the list faster ie. Cetara with phase 10, they were stuck on aug/sept 2020 for the first 9 phases but with phase 10 made it past Jan 2021 at the least and who knows how much farther.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on November 23, 2021, 04:37:14 PM
I've been on the waitlist for 1x since Aug end. I wonder if the waitlist for 1+ is longer. Hoping to hear back soon.

I was on the waiting list for plan 1 & 3.  There are definitely more people waiting for plan 1 due to cheaper price point according to sale rep.

They showed me the prices for phrase 13 which is about to be released within a week or so. The base prices increase by 15-20k dollars if i remember correctly.


Honestly if it wasnt for the corner lot, i wouldve deferred mine.
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on November 23, 2021, 10:57:16 PM
What really crazy is that they only allowed 1 hour for us to respond to their offer. We got an email sent at 11:30 asking if we were interested and if they didnt hear from us by 12:30, they would move to the next buyer on the list.  We are talking about $2 million home purchase here and only 1 hour to decide.  It’s freaken nut and only in Irvine.

When we bought a house in Irvine in 1998 we were giving two minutes. People were in the sales office. When your name came up, you had to choose a lot. If you weren't ready you lost your spot.

Funny how time has changed.  When i bought my place in Woodbury 12 years ago after financial crisis(2009), builder even offered me 50k for upgrades and there was not even a single soul on the list.

I was surprised that the corner lot was offered to me @ Eastwood this late of the game. It was a no brainer for me to pull the trigger.
That is quite surprising to be able to get a corner lot! I guess the prices have gotten so high that it may be scaring some people from jumping in to buy.

When the price hits a certain price point, you get through the list faster ie. Cetara with phase 10, they were stuck on aug/sept 2020 for the first 9 phases but with phase 10 made it past Jan 2021 at the least and who knows how much farther.

Not only the price, but with it being a year later you have to think that many of the buyers that got on the list in Sept-Jan moved on to something well (either resale or new home as I made a handful of offers for my Cetara buyer in the first 4 months of 2021 who got their lot in May). 
Title: Re: Fresco @ Eastwood Village
Post by: marutaro on November 30, 2021, 12:18:50 AM
Is it safe to say Fresco is the most desirable product from iPac, currently? Since the Eastwood tract is so popular, plus the Reserve extension, and the rumored Groves extension at the KB Genoa lots?

It's too bad the options offered at Fresco are inferior to the other tracts at Reserve (ie. standard sliding doors, full-size sub zero fridge and wolf range upgrades), although its prices are now comparable to Ravello.  :o
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on November 30, 2021, 12:49:12 AM
Are Ravello plans 4 and 5 still available at Reserve?

We looked at Fresco and didn't like any of the plans at all.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on December 09, 2021, 09:46:10 AM
Need some inputs from fellow TI who have gone through Fresco option configurations. Wife and I budget $200k to $250k for Plan 3+ upgrades with the builder so we are trying to figure how much money we should spend for each phrase.  We have an appointment for Phrase 2 options next week and I want to do as much planning as possible. I know big $ upgrades will come in Phase 3 & 4 like flooring, countertops....and backyard after COE. IP gave us a login to their design center for playing around with options. Quite frankly, website sucks.  IP Sale Rep also offers us to view existing under construction homes but I'd like to get your inputs before doing so.

Questions:
1) Were you able to upgrade to solid doors? We plan to put whole house insulation but I dont see option for solid door upgrades.
2) I see standard hollow door that asks for input on how many doors to add. By default, each room should come with a door correct? The only option I see is adding the door between master bedroom and master bath. Can I add door between 1st floor suit and bath?
3) No 220V option for EV charger in garage either. Is this something I can only do after COE or it comes with one?
4) There's option for getting the kitchen cabinet ready ($400) for built-in fridge and also another option under Refrigerator for built-in prep ($900), not sure what this is. We also plan to get built-in 36" refrigerator from builder. Does IP even offer built-in refrigerator nowadays due to chip shortage?

TIA for your inputs.

Title: Re: Fresco @ Eastwood Village
Post by: box on December 09, 2021, 10:09:49 AM
Need some inputs from fellow TI who have gone through Fresco option configurations. Wife and I budget $200k to $250k for Plan 3+ upgrades with the builder so we are trying to figure how much money we should spend for each phrase.  We have an appointment for Phrase 2 options next week and I want to do as much planning as possible. I know big $ upgrades will come in Phase 3 & 4 like flooring, countertops....and backyard after COE. IP gave us a login to their design center for playing around with options. Quite frankly, website sucks.  IP Sale Rep also offers us to view existing under construction homes but I'd like to get your inputs before doing so.

Questions:
1) Were you able to upgrade to solid doors? We plan to put whole house insulation but I dont see option for solid door upgrades.
2) I see standard hollow door that asks for input on how many doors to add. By default, each room should come with a door correct? The only option I see is adding the door between master bedroom and master bath. Can I add door between 1st floor suit and bath?
3) No 220V option for EV charger in garage either. Is this something I can only do after COE or it comes with one?
4) There's option for getting the kitchen cabinet ready ($400) for built-in fridge and also another option under Refrigerator for built-in prep ($900), not sure what this is. We also plan to get built-in 36" refrigerator from builder. Does IP even offer built-in refrigerator nowadays due to chip shortage?

TIA for your inputs.

1) Solid doors are not an option.
2) The only optional door is the door between master bedroom and master bath. All the other doors are standard, you don't need to specify how many doors to add. No option for door between 1st floor suite and bathroom.
3) There is a conduit in the garage for EV charger as standard. You'll need your own electrician to install the EV charger using this conduit after COE.
4) IP no longer offers built-in refrigerator. They actually don't offer any appliance upgrades because of the supply chain issues. The only appliances they have are standard dishwasher, microwave, oven, range, range hood - no upgrades on any of those either. You will need to determine exactly which model of built-in refrigerator you are buying by the Stage 3 deadline as a requirement for the $900 "prep for built-in refrigerator" option.
Title: Re: Fresco @ Eastwood Village
Post by: best_potsticker_in_town on December 09, 2021, 11:58:57 AM
Just to comment on the bedroom doors...I find IP doors to be superior to that of other builders. They seem to have more weight and sound dampening than some other new construction I've seen.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 09, 2021, 01:09:39 PM
3) There is a conduit in the garage for EV charger as standard. You'll need your own electrician to install the EV charger using this conduit after COE.
4) IP no longer offers built-in refrigerator. They actually don't offer any appliance upgrades because of the supply chain issues. The only appliances they have are standard dishwasher, microwave, oven, range, range hood - no upgrades on any of those either. You will need to determine exactly which model of built-in refrigerator you are buying by the Stage 3 deadline as a requirement for the $900 "prep for built-in refrigerator" option.

3) By "conduit", do you an actual outlet or just wires for you to add the 220V outlet? I currently just use the regular 110V outlet to charge my Prius Prime. My understanding is that you can just plug in the standard Tesla charger into a 220V outlet. Is this 220V outlet the EV charger you're referring to?

4) So at Stage 3, you just give IP the built-in refrigerator model that you want to buy?
Title: Re: Fresco @ Eastwood Village
Post by: box on December 11, 2021, 01:39:33 AM
3) There is a conduit in the garage for EV charger as standard. You'll need your own electrician to install the EV charger using this conduit after COE.
4) IP no longer offers built-in refrigerator. They actually don't offer any appliance upgrades because of the supply chain issues. The only appliances they have are standard dishwasher, microwave, oven, range, range hood - no upgrades on any of those either. You will need to determine exactly which model of built-in refrigerator you are buying by the Stage 3 deadline as a requirement for the $900 "prep for built-in refrigerator" option.

3) By "conduit", do you an actual outlet or just wires for you to add the 220V outlet? I currently just use the regular 110V outlet to charge my Prius Prime. My understanding is that you can just plug in the standard Tesla charger into a 220V outlet. Is this 220V outlet the EV charger you're referring to?

4) So at Stage 3, you just give IP the built-in refrigerator model that you want to buy?

3) A conduit is just a pipe in the wall that wires can be run through - it doesn't includes wires or outlet, but does have blank cover plate where the outlet can be installed later. It's on the same wall as the electrical panel, so in theory it should be relatively easy for an electrician wire up 220V from the panel, run the wires through the conduit and add an outlet.

4) Yea, if you want a built-in refrigerator, you have to pay ~$400 for the cabinet upgrade to fit the built-in, then another ~$900 for them to put the outlet and the water lines in the right location. They need the model of the refrigerator because I guess different built-in models have very specific places where the outlet and water lines have to be?
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on December 11, 2021, 10:05:25 AM
3) There is a conduit in the garage for EV charger as standard. You'll need your own electrician to install the EV charger using this conduit after COE.
4) IP no longer offers built-in refrigerator. They actually don't offer any appliance upgrades because of the supply chain issues. The only appliances they have are standard dishwasher, microwave, oven, range, range hood - no upgrades on any of those either. You will need to determine exactly which model of built-in refrigerator you are buying by the Stage 3 deadline as a requirement for the $900 "prep for built-in refrigerator" option.

3) By "conduit", do you an actual outlet or just wires for you to add the 220V outlet? I currently just use the regular 110V outlet to charge my Prius Prime. My understanding is that you can just plug in the standard Tesla charger into a 220V outlet. Is this 220V outlet the EV charger you're referring to?

4) So at Stage 3, you just give IP the built-in refrigerator model that you want to buy?

3) A conduit is just a channel in the wall that wires can be run through - it doesn't include an outlet or wires. It's on the same wall as the electrical panel though, so in theory it should be relatively easy for an electrician wire up 220V from the panel, run the wires through the conduit, to the final outlet location.

4) Yea, if you want a built-in refrigerator, you have to pay ~$400 for the cabinet upgrade to fit the built-in, then another ~$900 for them to put the outlet and the water lines in the right location. They need the model of the refrigerator because I guess different built-in models have very specific places where the outlet and water lines have to be?

4) Do you mean the size of the built-in fridge like typical 36, 42, 48 inch? Or Choosing the exact model of a manufacture like Wolf Sub-zero 36 inch model xxxxxx? If this is the case, that’s really tough to pick before COE. It may be OOS down the road.
Title: Re: Fresco @ Eastwood Village
Post by: box on December 11, 2021, 03:48:11 PM
3) There is a conduit in the garage for EV charger as standard. You'll need your own electrician to install the EV charger using this conduit after COE.
4) IP no longer offers built-in refrigerator. They actually don't offer any appliance upgrades because of the supply chain issues. The only appliances they have are standard dishwasher, microwave, oven, range, range hood - no upgrades on any of those either. You will need to determine exactly which model of built-in refrigerator you are buying by the Stage 3 deadline as a requirement for the $900 "prep for built-in refrigerator" option.

3) By "conduit", do you an actual outlet or just wires for you to add the 220V outlet? I currently just use the regular 110V outlet to charge my Prius Prime. My understanding is that you can just plug in the standard Tesla charger into a 220V outlet. Is this 220V outlet the EV charger you're referring to?

4) So at Stage 3, you just give IP the built-in refrigerator model that you want to buy?

3) A conduit is just a channel in the wall that wires can be run through - it doesn't include an outlet or wires. It's on the same wall as the electrical panel though, so in theory it should be relatively easy for an electrician wire up 220V from the panel, run the wires through the conduit, to the final outlet location.

4) Yea, if you want a built-in refrigerator, you have to pay ~$400 for the cabinet upgrade to fit the built-in, then another ~$900 for them to put the outlet and the water lines in the right location. They need the model of the refrigerator because I guess different built-in models have very specific places where the outlet and water lines have to be?

4) Do you mean the size of the built-in fridge like typical 36, 42, 48 inch? Or Choosing the exact model of a manufacture like Wolf Sub-zero 36 inch model xxxxxx? If this is the case, that’s really tough to pick before COE. It may be OOS down the road.

4) At Fresco, the fridge size is fixed at 36" wide. The cabinet upgrade only increases the height of the opening to accommodate a built-in fridge, not the width.

My understanding is that you need to provide the exact model of a manufacture (like Wolf Sub-zero 36 inch model xxxxxx) by Stage 3 deadline, so that they can place the outlet and water lines in the specific location for that fridge.

I don't know enough about built-in fridges to know why outlets and water lines need to be in specific places in order for them to be installed correctly. Are the power cables they come with very short given how compact everything has to be to achieve the built-in look?

Yea, it's definitely a sub-optimal time to be spec'ing out a new home build given the supply chain issues.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 11, 2021, 05:54:27 PM
4) At Fresco, the fridge size is fixed at 36" wide. The cabinet upgrade only increases the height of the opening to accommodate a built-in fridge, not the width.

My understanding is that you need to provide the exact model of a manufacture (like Wolf Sub-zero 36 inch model xxxxxx) by Stage 3 deadline, so that they can place the outlet and water lines in the specific location for that fridge.

I don't know enough about built-in fridges to know why outlets and water lines need to be in specific places in order for them to be installed correctly. Are the power cables they come with very short given how compact everything has to be to achieve the built-in look?

Yea, it's definitely a sub-optimal time to be spec'ing out a new home build given the supply chain issues.

Yeah, it's a real bummer with the supply chain issues.

I was talking to Bluffs sales lady today and she told me that the next 4 phases, including the current one, are already past Stage 2, so we couldn't do any kitchen cabinet upgrade. Each home has certain included upgrade options. She hinted that they did this because even if we can choose the upgrade, the design center may not have the options we wanted due to supply chain issue. And like you said, all the appliances cannot be upgraded.

 I just hope that I still can get the kitchen cabinet ready for built-in refrigerator.
Title: Re: Fresco @ Eastwood Village
Post by: box on December 12, 2021, 01:12:29 AM
Does a built-in fridge have a good ROI at time of re-sale?

By my calculation, a built-in fridge is a $6K - $8K premium over a high-end counter depth fridge (including the upgrade premium from the builder, and the fridge price itself).

The only benefit is aesthetics?

Bosch has a nice counter depth fridge that has a "pseudo built-in" look.

For those of you that upgraded to built-in, is it worth it?
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 12, 2021, 09:48:06 AM
Does a built-in fridge have a good ROI at time of re-sale?

By my calculation, a built-in fridge is a $6K - $8K premium over a high-end counter depth fridge (including the upgrade premium from the builder, and the fridge price itself).

The only benefit is aesthetics?

Bosch has a nice counter depth fridge that has a "pseudo built-in" look.

For those of you that upgraded to built-in, is it worth it?

Supposedly, a built-in fridge is longer lasting, but that isn't worth the premium. Other than the aesthetics, my wife also doesn't like the dust collecting on top of a fridge, so she really wants the built-in one.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on December 13, 2021, 04:38:10 PM
We just did phrase 2 options. List was long which total to $20k:

1) Electric outlet: one for each bathroom for bidet and 60 amp box
2) TV conduits for each bedroom , loft and great room
3) Level 2 cabinet handles, pull out trays for pantry
4) Water softener valve, built-in fridge water/outlet lines.  Need to choose fridge model for line placement.
5) Add a door between master bed and bath.  I checked the doors on homes being built, they are very good quality. Feel very dense almost as if they are not hollow. Rep told me they started using the new doors recently because people love them. No option for upgrade anyway
6) Whole house insulation and loft insulation
7) No option for upgrading faucets/ appliances.

Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:
1) Engineered wood for entire first floor for $35k. For 3000 square foot model 3, i dont know the square footage of the area for first floor.  Wife really wants to do solid wood but it is not offered so we will go with this option.  Luxury vinyl is $17k. I like it better than Eng Wood but happy wife is happy family so I gave in.
2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.

The only 3 things left are 36” Wolf Sub-zero fridge, windows treatment and backyard landscaping.  After all things set and done, it should be within our $200k-$250k budget for upgrades.

I just want to thank all the fellow Fresco-ers for clarifications on some of the options.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 13, 2021, 04:48:13 PM
We just did phrase 2 options. List was long which total to $20k:

1) Electric outlet: one for each bathroom for bidet and 60 amp box
2) TV conduits for each bedroom , loft and great room
3) Level 2 cabinet handles, pull out trays for pantry
4) Water softener valve, built-in fridge water/outlet lines.  Need to choose fridge model for line placement.
5) Add a door between master bed and bath.  I checked the doors on homes being built, they are very good quality. Feel very dense almost as if they are not hollow. Rep told me they started using the new doors recently because people love them. No option for upgrade anyway
6) Whole house insulation and loft insulation
7) No option for upgrading faucets/ appliances.

Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:
1) Engineered wood for entire first floor for $35k. For 3000 square foot model 3, i dont know the square footage of the area for first floor.  Wife really wants to do solid wood but it is not offered so we will go with this option.  Luxury vinyl is $17k. I like it better than Eng Wood but happy wife is happy family so I gave in.
2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.

The only 3 things left are 36” Wolf Sub-zero fridge, windows treatment and backyard landscaping.  After all things set and done, it should be within our $200k-$250k budget for upgrades.

I just want to thank all the fellow Fresco-ers for clarifications on some of the options.

I think $35k for the 1st floor seems steep. It probably costs $20k if you do it after COE.

We plan to do flooring after COE on Bluffs 2, since my wife wants to do glass stair rail and sales lady said it's best to do the rail before flooring.

We also want to Sub-zero built-in fridge, but the rest of appliances aren't Wolf, so we might do all the appliances later. Sales lady said that IP is having some supply issue with Whirlpool so they might switch out Kitchen-Aid for another brand, but doesn't know which brand.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on December 13, 2021, 04:58:28 PM
We just did phrase 2 options. List was long which total to $20k:

1) Electric outlet: one for each bathroom for bidet and 60 amp box
2) TV conduits for each bedroom , loft and great room
3) Level 2 cabinet handles, pull out trays for pantry
4) Water softener valve, built-in fridge water/outlet lines.  Need to choose fridge model for line placement.
5) Add a door between master bed and bath.  I checked the doors on homes being built, they are very good quality. Feel very dense almost as if they are not hollow. Rep told me they started using the new doors recently because people love them. No option for upgrade anyway
6) Whole house insulation and loft insulation
7) No option for upgrading faucets/ appliances.

Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:
1) Engineered wood for entire first floor for $35k. For 3000 square foot model 3, i dont know the square footage of the area for first floor.  Wife really wants to do solid wood but it is not offered so we will go with this option.  Luxury vinyl is $17k. I like it better than Eng Wood but happy wife is happy family so I gave in.
2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.

The only 3 things left are 36” Wolf Sub-zero fridge, windows treatment and backyard landscaping.  After all things set and done, it should be within our $200k-$250k budget for upgrades.

I just want to thank all the fellow Fresco-ers for clarifications on some of the options.

I think $35k for the 1st floor seems steep. It probably costs $20k if you do it after COE.

We plan to do flooring after COE on Bluffs 2, since my wife wants to do glass stair rail and sales lady said it's best to do the rail before flooring.

We also want to Sub-zero built-in fridge, but the rest of appliances aren't Wolf, so we might do all the appliances later. Sales lady said that IP is having some supply issue with Whirlpool so they might switch out Kitchen-Aid for another brand, but doesn't know which brand.

Yes we know we are paying some premium going with the builder, it’s alright.  We heard some horror stories about third party contractors from our neighbors. If I could let the builder do entire home including landscaping, i would just for a piece of mind. Our current home is Cal Pacific model home and we never have any issue with their upgrades for 14 years.
Title: Re: Fresco @ Eastwood Village
Post by: qwerty on December 13, 2021, 05:20:34 PM
I’m with Danimal. You reach a point in life where peace of mind/convenience is worth the premium. Not sure what fresco is going for but probably close to $2M?  No point in sweating over 15k. 

Demo of existing floors will inevitably lead to fixing of cabinets, the whole first floor becomes dusty, etc. not worth the headache.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on December 13, 2021, 06:03:03 PM
I’m with Danimal. You reach a point in life where peace of mind/convenience is worth the premium. Not sure what fresco is going for but probably close to $2M?  No point in sweating over 15k. 

Demo of existing floors will inevitably lead to fixing of cabinets, the whole first floor becomes dusty, etc. not worth the headache.
It's definitely a person by person thing. I personally can't justify paying a 15k premium to the builder when it's flooring and not structural upgrades. 15k can be half of ones landscaping depending on the job. I'd rather use the 15k for landscaping. But I definitely can understand when one feels more comfortable having the builder do it.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on December 13, 2021, 06:15:01 PM
I’m with Danimal. You reach a point in life where peace of mind/convenience is worth the premium. Not sure what fresco is going for but probably close to $2M?  No point in sweating over 15k. 

Demo of existing floors will inevitably lead to fixing of cabinets, the whole first floor becomes dusty, etc. not worth the headache.
It's definitely a person by person thing. I personally can't justify paying a 15k premium to the builder when it's flooring and not structural upgrades. 15k can be half of ones landscaping depending on the job. I'd rather use the 15k for landscaping. But I definitely can understand when one feels more comfortable having the builder do it.

Also, keep in mind that doing upgrades through builder can increase your property tax bill as they are considered improvements to your home. so assuming home is 2m, you will either pay 2m or 2.035m in property taxes. Not a big deal in the grand scheme of things but it is something to be aware of.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on December 13, 2021, 06:16:29 PM
I’m with Danimal. You reach a point in life where peace of mind/convenience is worth the premium. Not sure what fresco is going for but probably close to $2M?  No point in sweating over 15k. 

Demo of existing floors will inevitably lead to fixing of cabinets, the whole first floor becomes dusty, etc. not worth the headache.

If the builder puts in tile as standard then it IS going to be noisy and very dusty (EVERYWHERE, not just the immediate area) removing the old tile. I recommend doing it when you are NOT there.

We removed tile and put in wood (saved more than $15K) and didn't have any cabinet damage at all but thin dust was in the air for quite a while. I don't think that is good to breathe, so wear your mask and be prepared to wipe down and shop vac everywhere.

These days it's harder to find workers with time slots available and prices are going up for labor and materials.

All depends on how much the builder is charging I guess.

 
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on December 13, 2021, 06:19:08 PM
I’m with Danimal. You reach a point in life where peace of mind/convenience is worth the premium. Not sure what fresco is going for but probably close to $2M?  No point in sweating over 15k. 

Demo of existing floors will inevitably lead to fixing of cabinets, the whole first floor becomes dusty, etc. not worth the headache.

If the builder puts in tile as standard then it IS going to be noisy and very dusty (EVERYWHERE, not just the immediate area) removing the old tile. I recommend doing it when you are NOT there.

We removed tile and put in wood (saved more than $15K) and didn't have any cabinet damage at all but thin dust was in the air for quite a while. I don't think that is good to breathe, so wear your mask and be prepared to wipe down and shop vac everywhere.

These days it's harder to find workers with time slots available and prices are going up for labor and materials.

All depends on how much the builder is charging I guess.
Normally I would do a deep cleaning of the entire home before I even move in. In my case, the builder charged double than if I were to do it after close of escrow. They charged 40k and I only paid 20k after closing.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 13, 2021, 07:13:32 PM
I’m with Danimal. You reach a point in life where peace of mind/convenience is worth the premium. Not sure what fresco is going for but probably close to $2M?  No point in sweating over 15k. 

Demo of existing floors will inevitably lead to fixing of cabinets, the whole first floor becomes dusty, etc. not worth the headache.

My personal experience is that using builder for flooring upgrade doesn't necessarily lead to peace of mind. Convenience, sure. But we plan to do all of this before move-in, so that doesn't make much of a difference. My current home is built by Centex and I must say that we aren't impressed by their job on our porcelain tiles upgrade.

And really, nothing justifies overcharging for the work. First of all, they save the unused material when we choose to upgrade. Secondly, there's less labor involved. After CoE involves taking out old flooring and then installing the new one. And somehow they still managed to charge half of what the builder charges?
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on December 13, 2021, 08:06:13 PM
We did our own flooring twice.

First time we were allowed to close (with a loan even) without flooring and got a credit. We also took out the standard dal tile counters and replaced them with granite and paid a carpenter to match builder upgraded cabinets for entertainment center and island.

We also removed the master shower and area around the tub that was tiled and replaced with marble. We went to the tile guys on site and had some of them work on our place. They popped out some of the standard tiles in the shower and put in custom tiles to make patterns and replaced all the backsplashes.

Builder would have charged us $200K for what we did and I can't remember what we paid but save a LOT. The dust we got was from tile cutting but no removal, but it was still a real hassle. The kids HATED walking on concrete.

Second time was same builder, 17+ years later and even without a loan we weren't allowed to close without flooring. I know we saved money but part of the reason was we didn't really know what we wanted. That was a huge mess with all the dust. We wanted to get tile work done on the showers, tubs but at that time it was hard to find workers so that is why I'm hesitant to do it again with my next house (and there is no credit and no ability to close without flooring).
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on December 13, 2021, 08:48:12 PM
We did our own flooring twice.

First time we were allowed to close (with a loan even) without flooring and got a credit. We also took out the standard dal tile counters and replaced them with granite and paid a carpenter to match builder upgraded cabinets for entertainment center and island.

We also removed the master shower and area around the tub that was tiled and replaced with marble. We went to the tile guys on site and had some of them work on our place. They popped out some of the standard tiles in the shower and put in custom tiles to make patterns and replaced all the backsplashes.

Builder would have charged us $200K for what we did and I can't remember what we paid but save a LOT. The dust we got was from tile cutting but no removal, but it was still a real hassle. The kids HATED walking on concrete.

Second time was same builder, 17+ years later and even without a loan we weren't allowed to close without flooring. I know we saved money but part of the reason was we didn't really know what we wanted. That was a huge mess with all the dust. We wanted to get tile work done on the showers, tubs but at that time it was hard to find workers so that is why I'm hesitant to do it again with my next house (and there is no credit and no ability to close without flooring).

Yeah, I was able to close on my Quail Hill condo back in 2005 with bare floors but I think they changes the rules after the great recession so you have to take the standard flooring and then rip it out if you want to do flooring afterwards.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on December 13, 2021, 08:51:46 PM
We did our own flooring twice.

First time we were allowed to close (with a loan even) without flooring and got a credit. We also took out the standard dal tile counters and replaced them with granite and paid a carpenter to match builder upgraded cabinets for entertainment center and island.

We also removed the master shower and area around the tub that was tiled and replaced with marble. We went to the tile guys on site and had some of them work on our place. They popped out some of the standard tiles in the shower and put in custom tiles to make patterns and replaced all the backsplashes.

Builder would have charged us $200K for what we did and I can't remember what we paid but save a LOT. The dust we got was from tile cutting but no removal, but it was still a real hassle. The kids HATED walking on concrete.

Second time was same builder, 17+ years later and even without a loan we weren't allowed to close without flooring. I know we saved money but part of the reason was we didn't really know what we wanted. That was a huge mess with all the dust. We wanted to get tile work done on the showers, tubs but at that time it was hard to find workers so that is why I'm hesitant to do it again with my next house (and there is no credit and no ability to close without flooring).

Yeah, I was able to close on my Quail Hill condo back in 2005 with bare floors but I think they changes the rules after the great recession so you have to take the standard flooring and then rip it out if you want to do flooring afterwards.

I CAN close with no backspashes so I was hoping to get no flooring but nope.
Title: Re: Fresco @ Eastwood Village
Post by: The California Court Company on December 13, 2021, 08:53:18 PM
if you do all cash, can you close without flooring?

We did our own flooring twice.

First time we were allowed to close (with a loan even) without flooring and got a credit. We also took out the standard dal tile counters and replaced them with granite and paid a carpenter to match builder upgraded cabinets for entertainment center and island.

We also removed the master shower and area around the tub that was tiled and replaced with marble. We went to the tile guys on site and had some of them work on our place. They popped out some of the standard tiles in the shower and put in custom tiles to make patterns and replaced all the backsplashes.

Builder would have charged us $200K for what we did and I can't remember what we paid but save a LOT. The dust we got was from tile cutting but no removal, but it was still a real hassle. The kids HATED walking on concrete.

Second time was same builder, 17+ years later and even without a loan we weren't allowed to close without flooring. I know we saved money but part of the reason was we didn't really know what we wanted. That was a huge mess with all the dust. We wanted to get tile work done on the showers, tubs but at that time it was hard to find workers so that is why I'm hesitant to do it again with my next house (and there is no credit and no ability to close without flooring).

Yeah, I was able to close on my Quail Hill condo back in 2005 with bare floors but I think they changes the rules after the great recession so you have to take the standard flooring and then rip it out if you want to do flooring afterwards.
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on December 13, 2021, 10:21:16 PM
if you do all cash, can you close without flooring?

We did our own flooring twice.

First time we were allowed to close (with a loan even) without flooring and got a credit. We also took out the standard dal tile counters and replaced them with granite and paid a carpenter to match builder upgraded cabinets for entertainment center and island.

We also removed the master shower and area around the tub that was tiled and replaced with marble. We went to the tile guys on site and had some of them work on our place. They popped out some of the standard tiles in the shower and put in custom tiles to make patterns and replaced all the backsplashes.

Builder would have charged us $200K for what we did and I can't remember what we paid but save a LOT. The dust we got was from tile cutting but no removal, but it was still a real hassle. The kids HATED walking on concrete.

Second time was same builder, 17+ years later and even without a loan we weren't allowed to close without flooring. I know we saved money but part of the reason was we didn't really know what we wanted. That was a huge mess with all the dust. We wanted to get tile work done on the showers, tubs but at that time it was hard to find workers so that is why I'm hesitant to do it again with my next house (and there is no credit and no ability to close without flooring).

Yeah, I was able to close on my Quail Hill condo back in 2005 with bare floors but I think they changes the rules after the great recession so you have to take the standard flooring and then rip it out if you want to do flooring afterwards.

Nope, I asked CalPac for my dad and they said no.
Title: Re: Fresco @ Eastwood Village
Post by: box on December 14, 2021, 12:52:38 AM
Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:

2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.


Thanks for sharing your experience.

Had a few quick questions:

1) For the upgraded carpet that you quoted, is that highest quality nylon carpet what they have in the Fresco model homes?

2) For the white quartz countertop that you quoted, do you recall which manufacture and color that was for? Caesarstone? Pental?

3) Is flooring, countertop/backsplash, and shower/bathroom wall and mosaic floor tile all part of Stage 3? Or is some of that in Stage 4?

Thanks.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on December 14, 2021, 06:32:03 AM
Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:

2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.


Thanks for sharing your experience.

Had a few quick questions:

1) For the upgraded carpet that you quoted, is that highest quality nylon carpet what they have in the Fresco model homes?

2) For the white quartz countertop that you quoted, do you recall which manufacture and color that was for? Caesarstone? Pental?

3) Is flooring, countertop/backsplash, and shower/bathroom wall and mosaic floor tile all part of Stage 3? Or is some of that in Stage 4?

Thanks.

1) It is a different design pattern  and lower profile compared to model homes I am a big fan of nylon carpet since it is more durable.  I am not sure the model home one is nylon or polyester.  Upgraded carpet comes with additional padding which is included.
2) I dont remember which manufacture it is. Quite frankly, my wife is more into simple clean quartz w/o any marble design than manufacture. Rep confirmed that the one we plan to pick uses Bretonstone pattern.
3) countertops, shower tiles are in phrase 3 and flooring/carpet in 4 if i remember correctly.

We talked about 3/4 upgrades at the end of our phrase 2 so we kinda have an idea and do more planning.  It was pretty high level.  For sure we will go more into the detail each upgrade as the next phrase progresses.

We still have 2nd appt for 2nd phrase to confirm phrase 2 items which we plan to do virtually. I recommend doing as much planning as you can b4 phrase 2.  Do in person meeting instead of virtual for 1st appointment so you can see some samples.  If you have extra time, ask about next phrase items. Take as much time as you like. IPDC is very accommodating.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on December 15, 2021, 09:08:38 PM
We just completed all stages for the upgrades @Fresco Plan 1. Happy to answer any questions.
For countertop upgrades - IP has prices for different levels of Quartz. We went with Bianco Levanto from AZ Tile. The appearance was grand for this quartz that was priced surprisingly low at Level 3. We visited AZ tile outlet in Anaheim to view the complete quartz slab to make sure we really liked it.

We have always done flooring upgrade with the builder. I comparison shopped and found that I was going to save very little relative to the hardship of tearing up newly installed floor ( easier with carpet but not so with tiles, and the potential damage to cabinets). Builder won't give unfinished floor. IP offers some discount when you do complete flooring upgrade - check with them.  Another thing to note is that you still at the mercy of the outside contractor if you do it after COE, so results could vary depending on who you go with.

Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 15, 2021, 10:54:29 PM
We just completed all stages for the upgrades @Fresco Plan 1. Happy to answer any questions.
For countertop upgrades - IP has prices for different levels of Quartz. We went with Bianco Levanto from AZ Tile. The appearance was grand for this quartz that was priced surprisingly low at Level 3. We visited AZ tile outlet in Anaheim to view the complete quartz slab to make sure we really liked it.

We have always done flooring upgrade with the builder. I comparison shopped and found that I was going to save very little relative to the hardship of tearing up newly installed floor ( easier with carpet but not so with tiles, and the potential damage to cabinets). Builder won't give unfinished floor. IP offers some discount when you do complete flooring upgrade - check with them.  Another thing to note is that you still at the mercy of the outside contractor if you do it after COE, so results could vary depending on who you go with.

Does IPDC carry Cambria Quartz? My wife really likes this company.

We're planning to do a complete flooring upgrade: polished porcelain all downstairs + all bathrooms and laundry room, and Pergo on stairs and upstairs. If they offer us enough discount, we may consider going with them. The only thing is that my wife wants glass stair rails, which IP doesn't offer. If we did the stair rails after COE, it may damage the flooring.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on December 15, 2021, 11:08:42 PM
We just completed all stages for the upgrades @Fresco Plan 1. Happy to answer any questions.
For countertop upgrades - IP has prices for different levels of Quartz. We went with Bianco Levanto from AZ Tile. The appearance was grand for this quartz that was priced surprisingly low at Level 3. We visited AZ tile outlet in Anaheim to view the complete quartz slab to make sure we really liked it.

We have always done flooring upgrade with the builder. I comparison shopped and found that I was going to save very little relative to the hardship of tearing up newly installed floor ( easier with carpet but not so with tiles, and the potential damage to cabinets). Builder won't give unfinished floor. IP offers some discount when you do complete flooring upgrade - check with them.  Another thing to note is that you still at the mercy of the outside contractor if you do it after COE, so results could vary depending on who you go with.

Does IPDC carry Cambria Quartz? My wife really likes this company.

We're planning to do a complete flooring upgrade: polished porcelain all downstairs + all bathrooms and laundry room, and Pergo on stairs and upstairs. If they offer us enough discount, we may consider going with them. The only thing is that my wife wants glass stair rails, which IP doesn't offer. If we did the stair rails after COE, it may damage the flooring.
I don't recollect seeing cambria quartz. You can ask the sales person or you may have been provided the name of the design center consultant by now.

With supply chain issues, some desired upgrade options( like flooring or countertop material) may not be available if really love it. For example, we liked one particular floor color but it was not available until after our COE

IP design consultants work very nicely with customers based on my experience.
Title: Re: Fresco @ Eastwood Village
Post by: box on December 15, 2021, 11:32:51 PM
Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:

2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.


Thanks for sharing your experience.

Had a few quick questions:

1) For the upgraded carpet that you quoted, is that highest quality nylon carpet what they have in the Fresco model homes?

2) For the white quartz countertop that you quoted, do you recall which manufacture and color that was for? Caesarstone? Pental?

3) Is flooring, countertop/backsplash, and shower/bathroom wall and mosaic floor tile all part of Stage 3? Or is some of that in Stage 4?

Thanks.

1) It is a different design pattern  and lower profile compared to model homes I am a big fan of nylon carpet since it is more durable.  I am not sure the model home one is nylon or polyester.  Upgraded carpet comes with additional padding which is included.
2) I dont remember which manufacture it is. Quite frankly, my wife is more into simple clean quartz w/o any marble design than manufacture. Rep confirmed that the one we plan to pick uses Bretonstone pattern.
3) countertops, shower tiles are in phrase 3 and flooring/carpet in 4 if i remember correctly.

We talked about 3/4 upgrades at the end of our phrase 2 so we kinda have an idea and do more planning.  It was pretty high level.  For sure we will go more into the detail each upgrade as the next phrase progresses.

We still have 2nd appt for 2nd phrase to confirm phrase 2 items which we plan to do virtually. I recommend doing as much planning as you can b4 phrase 2.  Do in person meeting instead of virtual for 1st appointment so you can see some samples.  If you have extra time, ask about next phrase items. Take as much time as you like. IPDC is very accommodating.

Thank you.

I will look into the nylon carpet as well. I was actually surprised that the quality of the standard carpet (it comes in a choice of 4 different colors I believe) seemed decent, but I do like the look of some of the lower profile carpets like nylon and the style they have in the model homes.

I wonder if you can get additional padding with the standard carpet...

One thing I dislike about IP: if you pick wood or vinyl flooring, they require the additional of this "base shoe" attached to the base board. It's supposedly because wood and vinyl flooring need room to expand/contract, but I thought that's what the whole point of the base board is - not sure why an additional "base shoe" is required.

IMO it downgrades the interior design a bit, as it is not executed very well at all.

Tile floors and carpet floors do not require the base shoe. I originally wanted wood or vinyl floors on 2nd floor (I'm going with upgraded tile on 1st floor), but I dislike that base shoe enough that it's making me consider carpet for stairs + 2nd floor.
Title: Re: Fresco @ Eastwood Village
Post by: box on December 15, 2021, 11:36:33 PM
We just completed all stages for the upgrades @Fresco Plan 1. Happy to answer any questions.
For countertop upgrades - IP has prices for different levels of Quartz. We went with Bianco Levanto from AZ Tile. The appearance was grand for this quartz that was priced surprisingly low at Level 3. We visited AZ tile outlet in Anaheim to view the complete quartz slab to make sure we really liked it.

We have always done flooring upgrade with the builder. I comparison shopped and found that I was going to save very little relative to the hardship of tearing up newly installed floor ( easier with carpet but not so with tiles, and the potential damage to cabinets). Builder won't give unfinished floor. IP offers some discount when you do complete flooring upgrade - check with them.  Another thing to note is that you still at the mercy of the outside contractor if you do it after COE, so results could vary depending on who you go with.

1) Do you know if the Bianco Levanto tile works for the 90 degree turn from island counter top --> waterfall, or for perimeter countertop --> backsplash?

I was told that certain types of quartz countertop material with the "marble lines" cannot be used for waterfall or backsplash, because it is too hard to line up the lines from the horizontal piece to the vertical piece...

2) "IP offers some discount when you do complete flooring upgrade" --> How did you get this? What is considered a "complete flooring upgrade" and how much was the discount?

Thank you.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on December 16, 2021, 12:23:16 AM
We just completed all stages for the upgrades @Fresco Plan 1. Happy to answer any questions.
For countertop upgrades - IP has prices for different levels of Quartz. We went with Bianco Levanto from AZ Tile. The appearance was grand for this quartz that was priced surprisingly low at Level 3. We visited AZ tile outlet in Anaheim to view the complete quartz slab to make sure we really liked it.

We have always done flooring upgrade with the builder. I comparison shopped and found that I was going to save very little relative to the hardship of tearing up newly installed floor ( easier with carpet but not so with tiles, and the potential damage to cabinets). Builder won't give unfinished floor. IP offers some discount when you do complete flooring upgrade - check with them.  Another thing to note is that you still at the mercy of the outside contractor if you do it after COE, so results could vary depending on who you go with.

1) Do you know if the Bianco Levanto tile works for the 90 degree turn from island counter top --> waterfall, or for perimeter countertop --> backsplash?

I was told that certain types of quartz countertop material with the "marble lines" cannot be used for waterfall or backsplash, because it is too hard to line up the lines from the horizontal piece to the vertical piece...

2) "IP offers some discount when you do complete flooring upgrade" --> How did you get this? What is considered a "complete flooring upgrade" and how much was the discount?

Thank you.

Not sure whether Bianco Lavanto would work for a waterfall style of design for the island. You can look for it on the Arizona tile website.

For a total of 24K flooring, the discount was 2700$ in my case. To get this discount, you have upgrade the flooring throughout the house from the standard offering - All levels and bathroom floors.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 16, 2021, 12:38:14 AM
We just completed all stages for the upgrades @Fresco Plan 1. Happy to answer any questions.
For countertop upgrades - IP has prices for different levels of Quartz. We went with Bianco Levanto from AZ Tile. The appearance was grand for this quartz that was priced surprisingly low at Level 3. We visited AZ tile outlet in Anaheim to view the complete quartz slab to make sure we really liked it.

We have always done flooring upgrade with the builder. I comparison shopped and found that I was going to save very little relative to the hardship of tearing up newly installed floor ( easier with carpet but not so with tiles, and the potential damage to cabinets). Builder won't give unfinished floor. IP offers some discount when you do complete flooring upgrade - check with them.  Another thing to note is that you still at the mercy of the outside contractor if you do it after COE, so results could vary depending on who you go with.

1) Do you know if the Bianco Levanto tile works for the 90 degree turn from island counter top --> waterfall, or for perimeter countertop --> backsplash?

I was told that certain types of quartz countertop material with the "marble lines" cannot be used for waterfall or backsplash, because it is too hard to line up the lines from the horizontal piece to the vertical piece...

2) "IP offers some discount when you do complete flooring upgrade" --> How did you get this? What is considered a "complete flooring upgrade" and how much was the discount?

Thank you.

Not sure whether Bianco Lavanto would work for a waterfall style of design for the island. You can look for it on the Arizona tile website.

For a total of 24K flooring, the discount was 2700$ in my case. To get this discount, you have upgrade the flooring throughout the house from the standard offering - All levels and bathroom floors.

My wife wants waterfall countertop for the island also.

Is the $24k before or after the $2700 discount? It's about 10% discount then? Bluffs 2 is bigger than Fresco 1, so it's going to cost me more, probably $30-$35k for flooring. Danimal said it cost him $35k for 1st floor engineered wood on Fresco 3.
Title: Re: Fresco @ Eastwood Village
Post by: box on December 17, 2021, 01:48:55 AM
We just completed all stages for the upgrades @Fresco Plan 1. Happy to answer any questions.
For countertop upgrades - IP has prices for different levels of Quartz. We went with Bianco Levanto from AZ Tile. The appearance was grand for this quartz that was priced surprisingly low at Level 3. We visited AZ tile outlet in Anaheim to view the complete quartz slab to make sure we really liked it.

We have always done flooring upgrade with the builder. I comparison shopped and found that I was going to save very little relative to the hardship of tearing up newly installed floor ( easier with carpet but not so with tiles, and the potential damage to cabinets). Builder won't give unfinished floor. IP offers some discount when you do complete flooring upgrade - check with them.  Another thing to note is that you still at the mercy of the outside contractor if you do it after COE, so results could vary depending on who you go with.

1) Do you know if the Bianco Levanto tile works for the 90 degree turn from island counter top --> waterfall, or for perimeter countertop --> backsplash?

I was told that certain types of quartz countertop material with the "marble lines" cannot be used for waterfall or backsplash, because it is too hard to line up the lines from the horizontal piece to the vertical piece...

2) "IP offers some discount when you do complete flooring upgrade" --> How did you get this? What is considered a "complete flooring upgrade" and how much was the discount?

Thank you.

Not sure whether Bianco Lavanto would work for a waterfall style of design for the island. You can look for it on the Arizona tile website.

For a total of 24K flooring, the discount was 2700$ in my case. To get this discount, you have upgrade the flooring throughout the house from the standard offering - All levels and bathroom floors.

Did they just offer you this ~10% discount upfront for whole house flooring upgrade, or is it something you had to ask / push for?
Title: Re: Fresco @ Eastwood Village
Post by: box on December 17, 2021, 01:51:38 AM
We just completed all stages for the upgrades @Fresco Plan 1. Happy to answer any questions.
For countertop upgrades - IP has prices for different levels of Quartz. We went with Bianco Levanto from AZ Tile. The appearance was grand for this quartz that was priced surprisingly low at Level 3. We visited AZ tile outlet in Anaheim to view the complete quartz slab to make sure we really liked it.

We have always done flooring upgrade with the builder. I comparison shopped and found that I was going to save very little relative to the hardship of tearing up newly installed floor ( easier with carpet but not so with tiles, and the potential damage to cabinets). Builder won't give unfinished floor. IP offers some discount when you do complete flooring upgrade - check with them.  Another thing to note is that you still at the mercy of the outside contractor if you do it after COE, so results could vary depending on who you go with.

1) Do you know if the Bianco Levanto tile works for the 90 degree turn from island counter top --> waterfall, or for perimeter countertop --> backsplash?

I was told that certain types of quartz countertop material with the "marble lines" cannot be used for waterfall or backsplash, because it is too hard to line up the lines from the horizontal piece to the vertical piece...

2) "IP offers some discount when you do complete flooring upgrade" --> How did you get this? What is considered a "complete flooring upgrade" and how much was the discount?

Thank you.

Not sure whether Bianco Lavanto would work for a waterfall style of design for the island. You can look for it on the Arizona tile website.

For a total of 24K flooring, the discount was 2700$ in my case. To get this discount, you have upgrade the flooring throughout the house from the standard offering - All levels and bathroom floors.

My wife wants waterfall countertop for the island also.

Is the $24k before or after the $2700 discount? It's about 10% discount then? Bluffs 2 is bigger than Fresco 1, so it's going to cost me more, probably $30-$35k for flooring. Danimal said it cost him $35k for 1st floor engineered wood on Fresco 3.

Know that going with a waterfall countertop for island will limit your countertop choices slightly. Certain material with patterns (like marble or natural stone looking material with veins, even in quartz) may not be available for waterfall, because they want to be able to line it up at the 90 degree turn so that the lines flow from the horizontal to the vertical surface.

I'm glad they're thinking about when offering the countertop choices as it could look bad if those lines don't line up.

No issue with more solid color countertops.
Title: Re: Fresco @ Eastwood Village
Post by: best_potsticker_in_town on December 17, 2021, 10:31:13 AM
We just completed all stages for the upgrades @Fresco Plan 1. Happy to answer any questions.
For countertop upgrades - IP has prices for different levels of Quartz. We went with Bianco Levanto from AZ Tile. The appearance was grand for this quartz that was priced surprisingly low at Level 3. We visited AZ tile outlet in Anaheim to view the complete quartz slab to make sure we really liked it.

We have always done flooring upgrade with the builder. I comparison shopped and found that I was going to save very little relative to the hardship of tearing up newly installed floor ( easier with carpet but not so with tiles, and the potential damage to cabinets). Builder won't give unfinished floor. IP offers some discount when you do complete flooring upgrade - check with them.  Another thing to note is that you still at the mercy of the outside contractor if you do it after COE, so results could vary depending on who you go with.

1) Do you know if the Bianco Levanto tile works for the 90 degree turn from island counter top --> waterfall, or for perimeter countertop --> backsplash?

I was told that certain types of quartz countertop material with the "marble lines" cannot be used for waterfall or backsplash, because it is too hard to line up the lines from the horizontal piece to the vertical piece...

2) "IP offers some discount when you do complete flooring upgrade" --> How did you get this? What is considered a "complete flooring upgrade" and how much was the discount?

Thank you.

Not sure whether Bianco Lavanto would work for a waterfall style of design for the island. You can look for it on the Arizona tile website.

For a total of 24K flooring, the discount was 2700$ in my case. To get this discount, you have upgrade the flooring throughout the house from the standard offering - All levels and bathroom floors.

Did they just offer you this ~10% discount upfront for whole house flooring upgrade, or is it something you had to ask / push for?

In my experience, this isn't a discount. It's a credit for unused material. I.e. since you're no longer using standard carpeting and flooring, you get a credit of X back. They only do this for flooring though - not counters or cabinets.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on December 18, 2021, 12:20:11 AM
We just completed all stages for the upgrades @Fresco Plan 1. Happy to answer any questions.
For countertop upgrades - IP has prices for different levels of Quartz. We went with Bianco Levanto from AZ Tile. The appearance was grand for this quartz that was priced surprisingly low at Level 3. We visited AZ tile outlet in Anaheim to view the complete quartz slab to make sure we really liked it.

We have always done flooring upgrade with the builder. I comparison shopped and found that I was going to save very little relative to the hardship of tearing up newly installed floor ( easier with carpet but not so with tiles, and the potential damage to cabinets). Builder won't give unfinished floor. IP offers some discount when you do complete flooring upgrade - check with them.  Another thing to note is that you still at the mercy of the outside contractor if you do it after COE, so results could vary depending on who you go with.

1) Do you know if the Bianco Levanto tile works for the 90 degree turn from island counter top --> waterfall, or for perimeter countertop --> backsplash?

I was told that certain types of quartz countertop material with the "marble lines" cannot be used for waterfall or backsplash, because it is too hard to line up the lines from the horizontal piece to the vertical piece...

2) "IP offers some discount when you do complete flooring upgrade" --> How did you get this? What is considered a "complete flooring upgrade" and how much was the discount?

Thank you.

Not sure whether Bianco Lavanto would work for a waterfall style of design for the island. You can look for it on the Arizona tile website.

For a total of 24K flooring, the discount was 2700$ in my case. To get this discount, you have upgrade the flooring throughout the house from the standard offering - All levels and bathroom floors.

Did they just offer you this ~10% discount upfront for whole house flooring upgrade, or is it something you had to ask / push for?

In my experience, this isn't a discount. It's a credit for unused material. I.e. since you're no longer using standard carpeting and flooring, you get a credit of X back. They only do this for flooring though - not counters or cabinets.


No, it is actually a discount. I know because you still get on top of that a credit for unused materials which they tell you how much. And it’s not a 10% discount. It’s $2711 a flat rate discount for floor plan 1 regardless of how much you spend on flooring(probably different for floor plans 2 & 3). And you don’t have to push for it, they tell you about it. It’s an incentive as they want you to upgrade the whole house flooring with them.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on December 18, 2021, 10:02:48 AM
If builders really want buyers to do flooring with them, they should make the price way more competitive to off market. 2.7k isn’t really much… especially when the labor is significantly less since they don’t need to tear down anything before doing the flooring
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 18, 2021, 11:56:54 AM
If builders really want buyers to do flooring with them, they should make the price way more competitive to off market. 2.7k isn’t really much… especially when the labor is significantly less since they don’t need to tear down anything before doing the flooring

I agree. Builder saves on labor and materials that are being replaced, so they really should make the pricing more competitive. I mean, there's nothing I would love more than to move in to a turnkey home, but I really don't want to pay twice the price for flooring upgrades, especially when we're talking about tens of thousands, not just a few thousands.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 18, 2021, 12:04:14 PM
No, it is actually a discount. I know because you still get on top of that a credit for unused materials which they tell you how much. And it’s not a 10% discount. It’s $2711 a flat rate discount for floor plan 1 regardless of how much you spend on flooring(probably different for floor plans 2 & 3). And you don’t have to push for it, they tell you about it. It’s an incentive as they want you to upgrade the whole house flooring with them.

We just entered contract for Bluffs 2 at PS and waiting for IPDC to contact us for the initial appointment.

All the homes released from phase 25 to 28 already missed the Stage 2 cutoff date on Dec 6th, so we got some Stage 2 pre-selected options that cost us $10k. At least, two of the major upgrades are something that we wanted to do anyway, (1) recessed light package in all bedrooms ($4532) and (2) kitchen cabinet to the ceiling ($2393). There a couple of things that we hope they still let us do, (1) prep kitchen cabinets for built-in fridge and (2) water softener valve.

Stage 3 cutoff is Jan 19th, so we hope to get the appointment soon.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on December 18, 2021, 12:05:33 PM
If builders really want buyers to do flooring with them, they should make the price way more competitive to off market. 2.7k isn’t really much… especially when the labor is significantly less since they don’t need to tear down anything before doing the flooring

They “really” don’t want the buyers to do anything. All they “really” care about is milking it to the best of their ability, so if they think they can charge you a convenience fee, they will do it. For example, if you want to free up a slot in the kitchen for a built-in mini fridge, that’s less material for them to use but they still charge you $400-500. If you want to change a shower to a bathtub and vice-versa, they will charge you either way regardless of which one costs more.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 18, 2021, 12:17:51 PM
If builders really want buyers to do flooring with them, they should make the price way more competitive to off market. 2.7k isn’t really much… especially when the labor is significantly less since they don’t need to tear down anything before doing the flooring

The “really” don’t want the buyers to do anything. All they “really” care about it is milking it to the best of their ability, so if they think they can charge you a convenience fee, they will do it. For example, f you want to free up a slot in the kitchen for a built-in the mini fridge, that’s is less material for them to use but they still charge you $400-500. If you want to change a shower to a bathtub and vice-versa, they will charge regardless which one costs more.

I don't disagree with you that the builders are in the business for money. But the examples you gave are a bit different from flooring upgrades. You don't actually have a choice but to pay them to free up a slot for the built-in fridge, so they could easily charge you for it. Same with changing between shower and bathtub. However, for flooring upgrades, you do have a choice to do it after COE.
Title: Re: Fresco @ Eastwood Village
Post by: huuur on December 19, 2021, 10:19:47 PM
We get on the list for Eastwood and Orchard Hills Fresco since the end of Sep - do you think we will likely get a call any time soon?

Also, if we buy new homes, it seems that one risk is that when we are able to buy the home, the mortgage interest rate might be much higher than now. Any way to solve that?
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 19, 2021, 11:08:12 PM
We get on the list for Eastwood and Orchard Hills Fresco since the end of Sep - do you think we will likely get a call any time soon?

Also, if we buy new homes, it seems that one risk is that when we are able to buy the home, the mortgage interest rate might be much higher than now. Any way to solve that?

The wait time for Bluffs/Highland is usually 3-4 months. Not sure about EW/OH, but it should be soon, unless you're picky about lots.

You can't do anything about the mortgage rate, but I don't expect it to be much higher than now by June-Aug time frame, at which these homes should be closing, or Apr-June time frame, when you actually lock the rate. The Fed most likely won't start raising rate until June, so I expect Jumbo loan to not be more than 0.25% higher than now.
Title: Re: Fresco @ Eastwood Village
Post by: Sidehussle on December 21, 2021, 03:20:48 PM
Checked out the fresco sales office past Sunday. 33 sites remaining and I asked how many on the prequal list. agent wouldn't tell me so I played the numbers game - 50? 75? 100?, I asked...she smiled and said over 100 - this is for 33 remaining sites. she said you might get lucky if you get on the prequal list and fed increases interest rates causing the over 100 in front of the line to drop out, hehe.

i asked where all this demand is coming from, LA?  She said bay area...i was shocked. Telework is bringing bay area and silicon valley money to irvine (she said they specifically seek out irvine).  I wish i had bought more before 2021 - sigh...

See what bay area valuations have been last 10 years and that is where irvine is headed. Can't compete with the FANG stock executive who can sell couple hundred options and bid up prices!
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 21, 2021, 03:39:43 PM
Checked out the fresco sales office past Sunday. 33 sites remaining and I asked how many on the prequal list. agent wouldn't tell me so I played the numbers game - 50? 75? 100?, I asked...she smiled and said over 100 - this is for 33 remaining sites. she said you might get lucky if you get on the prequal list and fed increases interest rates causing the over 100 in front of the line to drop out, hehe.

i asked where all this demand is coming from, LA?  She said bay area...i was shocked. Telework is bringing bay area and silicon valley money to irvine (she said they specifically seek out irvine).  I wish i had bought more before 2021 - sigh...

See what bay area valuations have been last 10 years and that is where irvine is headed. Can't compete with the FANG stock executive who can sell couple hundred options and bid up prices!

There are also people on the waitlist who wait for specific lots, so if you're not picky about lots, you might get lucky. For example, there are people on the Bluffs waitlist who waited since March for plan 2X (view lot), which doesn't show up often. So we kinda got lucky and got our plan 2 after 3 months on the list.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on December 21, 2021, 03:45:11 PM
See what bay area valuations have been last 10 years and that is where irvine is headed. Can't compete with the FANG stock executive who can sell couple hundred options and bid up prices!
Doesn't have to be a FAANG executive ... the highly paid engineers have more than enough money to bid up the prices in Irvine. These prices in Irvine are possibly a lot cheaper compared to the homes in Bay Area and for the money they make at tech jobs.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on December 21, 2021, 03:47:52 PM
Checked out the fresco sales office past Sunday. 33 sites remaining and I asked how many on the prequal list. agent wouldn't tell me so I played the numbers game - 50? 75? 100?, I asked...she smiled and said over 100 - this is for 33 remaining sites. she said you might get lucky if you get on the prequal list and fed increases interest rates causing the over 100 in front of the line to drop out, hehe.

i asked where all this demand is coming from, LA?  She said bay area...i was shocked. Telework is bringing bay area and silicon valley money to irvine (she said they specifically seek out irvine).  I wish i had bought more before 2021 - sigh...

See what bay area valuations have been last 10 years and that is where irvine is headed. Can't compete with the FANG stock executive who can sell couple hundred options and bid up prices!

There are also people on the waitlist who wait for specific lots, so if you're not picky about lots, you might get lucky. For example, there are people on the Bluffs waitlist who waited since March for plan 2X (view lot), which doesn't show up often. So we kinda got lucky and got our plan 2 after 3 months on the list.

Very true. If you are flexible, you can get sooner than you think. I picked the one that was available when I was ready....if I waited for the specific lot, I would have had to pay 25-50K more in the later phase, and no guarantee I would get called. Also, visit the sales office often to show interest.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 21, 2021, 03:49:07 PM
See what bay area valuations have been last 10 years and that is where irvine is headed. Can't compete with the FANG stock executive who can sell couple hundred options and bid up prices!
Doesn't have to be a FAANG executive ... the highly paid engineers have more than enough money to bid up the prices in Irvine. These prices in Irvine are possibly a lot cheaper compared to the homes in Bay Area and for the money they make at tech jobs.

I don't think FAANG executives would be buying in North Irvine.  ;D
Title: Re: Fresco @ Eastwood Village
Post by: Cares on December 22, 2021, 03:35:20 PM
I have some Bay Area tech buyer clients basically buy in cash with source of funds from selling company stock...
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on December 22, 2021, 04:26:01 PM
I have some Bay Area tech buyer clients basically buy in cash with source of funds from selling company stock...
so Overseas Chinese buyer cash now replaced with Bay Area Tech buyer cash in Irvine  :)
Title: Re: Fresco @ Eastwood Village
Post by: The California Court Company on December 22, 2021, 04:57:45 PM
not replaced, but increased demand in the game.
1. We still have overseas Chinese FCB with RMBs
2. Bay Area tech buyers with RSU money
3. Fraudsters with forgiven PPP loan money
https://projects.propublica.org/coronavirus/bailouts/loans/desert-mountain-fine-art-llc-7526287309

native Orange County buyers are having a hard time against these cash buyers.


I have some Bay Area tech buyer clients basically buy in cash with source of funds from selling company stock...
so Overseas Chinese buyer cash now replaced with Bay Area Tech buyer cash in Irvine  :)
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 22, 2021, 05:05:22 PM
not replaced, but increased demand in the game.
1. We still have overseas Chinese FCB with RMBs
2. Bay Area tech buyers with RSU money
3. Fraudsters with forgiven PPP loan money
https://projects.propublica.org/coronavirus/bailouts/loans/desert-mountain-fine-art-llc-7526287309

native Orange County buyers are having a hard time against these cash buyers.

Imagine Inland buyer then... :'(
Title: Re: Fresco @ Eastwood Village
Post by: akula1488 on December 22, 2021, 05:51:40 PM
.....
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on December 22, 2021, 06:02:04 PM
My Chinese friend w/ some relatives in mainland says that due to Evergrande crisis and govern putting hammers on domestic tech comp, house prices are going down in China.  They now want to park their cash oversea even more especially in RE. 

not replaced, but increased demand in the game.
1. We still have overseas Chinese FCB with RMBs
2. Bay Area tech buyers with RSU money
3. Fraudsters with forgiven PPP loan money
https://projects.propublica.org/coronavirus/bailouts/loans/desert-mountain-fine-art-llc-7526287309

native Orange County buyers are having a hard time against these cash buyers.


I have some Bay Area tech buyer clients basically buy in cash with source of funds from selling company stock...
so Overseas Chinese buyer cash now replaced with Bay Area Tech buyer cash in Irvine  :)
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on December 22, 2021, 06:37:17 PM
My Chinese friend w/ some relatives in mainland says that due to Evergrande crisis and govern putting hammers on domestic tech comp, house prices are going down in China.  They now want to park their cash oversea even more especially in RE. 

not replaced, but increased demand in the game.
1. We still have overseas Chinese FCB with RMBs
2. Bay Area tech buyers with RSU money
3. Fraudsters with forgiven PPP loan money
https://projects.propublica.org/coronavirus/bailouts/loans/desert-mountain-fine-art-llc-7526287309

native Orange County buyers are having a hard time against these cash buyers.


I have some Bay Area tech buyer clients basically buy in cash with source of funds from selling company stock...
so Overseas Chinese buyer cash now replaced with Bay Area Tech buyer cash in Irvine  :)
There is a limit on how much $$ can flow out of PRC. I’m guessing there are loopholes around this. Not sure if the risk of being caught is worth it though. PRC is great at punishing their own kind (I.e jack ma, peng shuai, etc).

I’d be scared to do anything illegal there as they don’t only harm you, they can potentially go after your family as well.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 22, 2021, 07:14:16 PM
My Chinese friend w/ some relatives in mainland says that due to Evergrande crisis and govern putting hammers on domestic tech comp, house prices are going down in China.  They now want to park their cash oversea even more especially in RE. 

not replaced, but increased demand in the game.
1. We still have overseas Chinese FCB with RMBs
2. Bay Area tech buyers with RSU money
3. Fraudsters with forgiven PPP loan money
https://projects.propublica.org/coronavirus/bailouts/loans/desert-mountain-fine-art-llc-7526287309

native Orange County buyers are having a hard time against these cash buyers.


I have some Bay Area tech buyer clients basically buy in cash with source of funds from selling company stock...
so Overseas Chinese buyer cash now replaced with Bay Area Tech buyer cash in Irvine  :)
There is a limit on how much $$ can flow out of PRC. I’m guessing there are loopholes around this. Not sure if the risk of being caught is worth it though. PRC is great at punishing their own kind (I.e jack ma, peng shuai, etc).

I’d be scared to do anything illegal there as they don’t only harm you, they can potentially go after your family as well.

PRC only punish those who speak against them. As long as you do illegal stuff and bribe them secretly and don't ever speak out against them, you should fine. Jack Ma made the mistake of criticizing them.
Title: Re: Fresco @ Eastwood Village
Post by: The California Court Company on December 22, 2021, 09:11:31 PM
Just look at Canada. The 2006/2007 RE crash did not affect their RE price at all....
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on December 22, 2021, 09:25:07 PM
Sam Woo in Irvine just announced it permanently closed. Hopefully this news will deter some Chinese buyers  ;D ;D ;D
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 22, 2021, 09:30:16 PM
Sam Woo in Irvine just announced it permanently closed. Hopefully this news will deter some Chinese buyers  ;D ;D ;D

Dammit.  >:(
Title: Re: Fresco @ Eastwood Village
Post by: eyephone on December 22, 2021, 10:52:28 PM
Sam Woo in Irvine just announced it permanently closed. Hopefully this news will deter some Chinese buyers  ;D ;D ;D

Sorry that has nothing to do with Chinese buyers.
Title: Re: Fresco @ Eastwood Village
Post by: eyephone on December 22, 2021, 11:08:06 PM
My Chinese friend w/ some relatives in mainland says that due to Evergrande crisis and govern putting hammers on domestic tech comp, house prices are going down in China.  They now want to park their cash oversea even more especially in RE. 

not replaced, but increased demand in the game.
1. We still have overseas Chinese FCB with RMBs
2. Bay Area tech buyers with RSU money
3. Fraudsters with forgiven PPP loan money
https://projects.propublica.org/coronavirus/bailouts/loans/desert-mountain-fine-art-llc-7526287309

native Orange County buyers are having a hard time against these cash buyers.


I have some Bay Area tech buyer clients basically buy in cash with source of funds from selling company stock...
so Overseas Chinese buyer cash now replaced with Bay Area Tech buyer cash in Irvine  :)
There is a limit on how much $$ can flow out of PRC. I’m guessing there are loopholes around this. Not sure if the risk of being caught is worth it though. PRC is great at punishing their own kind (I.e jack ma, peng shuai, etc).

I’d be scared to do anything illegal there as they don’t only harm you, they can potentially go after your family as well.


Disclaimer: I came across a video on youtube. For kicks and giggles/reactionary purposes is this how it works over there? haha idk
For entertainment purposes only.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 23, 2021, 07:16:44 PM
We just did phrase 2 options. List was long which total to $20k:

1) Electric outlet: one for each bathroom for bidet and 60 amp box
2) TV conduits for each bedroom , loft and great room
3) Level 2 cabinet handles, pull out trays for pantry
4) Water softener valve, built-in fridge water/outlet lines.  Need to choose fridge model for line placement.
5) Add a door between master bed and bath.  I checked the doors on homes being built, they are very good quality. Feel very dense almost as if they are not hollow. Rep told me they started using the new doors recently because people love them. No option for upgrade anyway
6) Whole house insulation and loft insulation
7) No option for upgrading faucets/ appliances.

Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:
1) Engineered wood for entire first floor for $35k. For 3000 square foot model 3, i dont know the square footage of the area for first floor.  Wife really wants to do solid wood but it is not offered so we will go with this option.  Luxury vinyl is $17k. I like it better than Eng Wood but happy wife is happy family so I gave in.
2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.

The only 3 things left are 36” Wolf Sub-zero fridge, windows treatment and backyard landscaping.  After all things set and done, it should be within our $200k-$250k budget for upgrades.

I just want to thank all the fellow Fresco-ers for clarifications on some of the options.

So we just did our Stage 2 upgrades for Bluffs 2 this morning. Originally, the cutoff date was 12/6, but they moved it to 12/25 and our designer was able to squeeze in one hour for us this morning, so we got a full Stage 2 upgrade. The total cost for our Stage 2 upgrade is $33k, with $10k that was pre-selected due to cutoff date. The major upgrades are:

1. Recessed lights in all bedrooms. (pre-selected)
2. Stacked kitchen cabinets (to ceiling). (pre-selected)
3. TV conduit for master bedroom and loft. (pre-selected)
4. We added TV conduit and outlet for great room because the standard one wasn't in the ideal spot.
5. Upgraded cabinet to maple paint grade (slab style) for whole house.
6. Prepped kitchen cabinet for built-in fridge.
7. Upgraded shelves to cabinet in laundry room.
8. Upgraded island to waterfall.
9. Audio speakers package for kitchen.
10. "Downgraded" tub to shower in one bedroom (my wife must do it for our son's bath). $1800 for the downgrade.  :P
11. Interior wall insulation.
12. Mirrored wardrobe door at master closet.
13. Ceiling fan pre-wired for all bedrooms.
14. Got both water softener and RO systems.

We got EcoWater to install water softener + RO for about $5k in our current home 14 years ago. #14 is also about $5k, so we figured we might as well do it with builder.

This upgrade did a lot of damage to our wallet, but we're very happy that we got almost everything we wanted after being told initially that Stage 2 is already past cutoff. The only things we weren't able to get are glossy cabinet doors and the glass stair rail.

We have appointment for Stage 3 on 1/9/2022. That's going to be another hit to the wallet since my wife wants quartzite countertop.  :P  But we'll do quartz for the back splash.

I'm leaning toward doing flooring upgrades with builder. We want to do polished porcelain all downstairs plus baths and laundry upstairs. The rest of upstairs and stairs will be Pergo. If we choose to do this, then like you, we just have the built-in fridge (we're also leaning toward Sub-zero), windows treatment and backyard landscaping left. I'm hoping it's going to be under $200k.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on December 23, 2021, 07:28:34 PM
Thats a great price of 5K for the water softener + RO from the builder! I could have misunderstood but it was like over 9K something when we did appt with Design center for Fresco. I am planning to do it post close with diamond pure for about 3.5K.

On a different note, it appears to me like IP is really moving very fast with their construction. We have our closing date in little over a month but there is no flooring installed yet or appliances put in.  I just hope they don't cut any corners to meet the scheduled dates. I am okay if they delay the close to ensure a thorough work.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 23, 2021, 08:13:35 PM
Thats a great price of 5K for the water softener + RO from the builder! I could have misunderstood but it was like over 9K something when we did appt with Design center for Fresco. I am planning to do it post close with diamond pure for about 3.5K.

On a different note, it appears to me like IP is really moving very fast with their construction. We have our closing date in little over a month but there is no flooring installed yet or appliances put in.  I just hope they don't cut any corners to meet the scheduled dates. I am okay if they delay the close to ensure a thorough work.

Water softener is $3563 and RO is $1421. Maybe you were quoted for conditioner + water softener + RO? Since I would have to pay around $400 something for the softener valve+drain, I figured I might as well do the entire package. I think the RO is overpriced at $1421, but I just wanted to get the whole thing done. I bought one from Costco and installed it for my parents' house for a lot cheaper.  :P Unfortunately, since the sink is at the island, I would have to drill a hole if I wanted to install one myself, so I'm not about to do that.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on December 23, 2021, 08:37:34 PM
Thats a great price of 5K for the water softener + RO from the builder! I could have misunderstood but it was like over 9K something when we did appt with Design center for Fresco. I am planning to do it post close with diamond pure for about 3.5K.

On a different note, it appears to me like IP is really moving very fast with their construction. We have our closing date in little over a month but there is no flooring installed yet or appliances put in.  I just hope they don't cut any corners to meet the scheduled dates. I am okay if they delay the close to ensure a thorough work.

Water softener is $3563 and RO is $1421. Maybe you were quoted for conditioner + water softener + RO? Since I would have to pay around $400 something for the softener valve+drain, I figured I might as well do the entire package. I think the RO is overpriced at $1421, but I just wanted to get the whole thing done. I bought one from Costco and installed it for my parents' house for a lot cheaper.  :P Unfortunately, since the sink is at the island, I would have to drill a hole if I wanted to install one myself, so I'm not about to do that.

Quite possible. I am also a bit wary of drilling the hole for the RO...the one at the last place went fine, hoping the same again
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on December 23, 2021, 10:13:20 PM
Why some builders put the sink on the island? My parents’ place has medium size island and I hate it.  Water splashes everywhere.  My mom puts dirty dishes in there when i eat something sitting at the island, I stare at not so appetite old plates.  Sometimes i can smell stuff coming from garbage disposal.  Try to keep it clean all the times but it just doesn’t have hygienically look as the non-island sink.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 23, 2021, 11:19:26 PM
Why some builders put the sink on the island? My parents’ place has medium size island and I hate it.  Water splashes everywhere.  My mom puts dirty dishes in there when i eat something sitting at the island, I stare at not so appetite old plates.  Sometimes i can smell stuff coming from garbage disposal.  Try to keep it clean all the times but it just doesn’t have hygienically look as the non-island sink.

Apparently, most builders in Irvine/Lake Forest are doing that now. We don't like it either, and my wife especially hates it because it makes the island smaller for her. And it's also bad for Feng Shui to have the sink facing the stove directly. BUT, this is also the exact reason why people like the sink right across from the stove. Convenience. Basically, some people wash their vegetables, for example, and then just turn around and start cooking it. Or they could be cutting vegetables/meat next to the sink, turn around and start cooking.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on December 24, 2021, 02:18:22 PM
We just did phrase 2 options. List was long which total to $20k:

1) Electric outlet: one for each bathroom for bidet and 60 amp box
2) TV conduits for each bedroom , loft and great room
3) Level 2 cabinet handles, pull out trays for pantry
4) Water softener valve, built-in fridge water/outlet lines.  Need to choose fridge model for line placement.
5) Add a door between master bed and bath.  I checked the doors on homes being built, they are very good quality. Feel very dense almost as if they are not hollow. Rep told me they started using the new doors recently because people love them. No option for upgrade anyway
6) Whole house insulation and loft insulation
7) No option for upgrading faucets/ appliances.

Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:
1) Engineered wood for entire first floor for $35k. For 3000 square foot model 3, i dont know the square footage of the area for first floor.  Wife really wants to do solid wood but it is not offered so we will go with this option.  Luxury vinyl is $17k. I like it better than Eng Wood but happy wife is happy family so I gave in.
2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.

The only 3 things left are 36” Wolf Sub-zero fridge, windows treatment and backyard landscaping.  After all things set and done, it should be within our $200k-$250k budget for upgrades.

I just want to thank all the fellow Fresco-ers for clarifications on some of the options.

We have engineered wood and I absolutely love it. Easy to care for, softer than tile on the feet. We don't have kids or pets so never had any rolling toys on it. Not sure if that would scratch it up or not.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on December 24, 2021, 03:12:13 PM
We just did phrase 2 options. List was long which total to $20k:

1) Electric outlet: one for each bathroom for bidet and 60 amp box
2) TV conduits for each bedroom , loft and great room
3) Level 2 cabinet handles, pull out trays for pantry
4) Water softener valve, built-in fridge water/outlet lines.  Need to choose fridge model for line placement.
5) Add a door between master bed and bath.  I checked the doors on homes being built, they are very good quality. Feel very dense almost as if they are not hollow. Rep told me they started using the new doors recently because people love them. No option for upgrade anyway
6) Whole house insulation and loft insulation
7) No option for upgrading faucets/ appliances.

Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:
1) Engineered wood for entire first floor for $35k. For 3000 square foot model 3, i dont know the square footage of the area for first floor.  Wife really wants to do solid wood but it is not offered so we will go with this option.  Luxury vinyl is $17k. I like it better than Eng Wood but happy wife is happy family so I gave in.
2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.

The only 3 things left are 36” Wolf Sub-zero fridge, windows treatment and backyard landscaping.  After all things set and done, it should be within our $200k-$250k budget for upgrades.

I just want to thank all the fellow Fresco-ers for clarifications on some of the options.

We have engineered wood and I absolutely love it. Easy to care for, softer than tile on the feet. We don't have kids or pets so never had any rolling toys on it. Not sure if that would scratch it up or not.
What’s the difference between LVP vs engineered wood? I can’t even tell the difference when seeing both since LVP has evolved to a point where it literally looks like wood at an affordable price. LVP is probably easier to maintain than engineered wood right?
Title: Re: Fresco @ Eastwood Village
Post by: trematix on December 24, 2021, 06:56:03 PM
LVP is def more ideal if you have kids and especially in the kitchen. I had engineered wood in my prior home and it got warped in the kitchen area due to water spillage etc





We just did phrase 2 options. List was long which total to $20k:

1) Electric outlet: one for each bathroom for bidet and 60 amp box
2) TV conduits for each bedroom , loft and great room
3) Level 2 cabinet handles, pull out trays for pantry
4) Water softener valve, built-in fridge water/outlet lines.  Need to choose fridge model for line placement.
5) Add a door between master bed and bath.  I checked the doors on homes being built, they are very good quality. Feel very dense almost as if they are not hollow. Rep told me they started using the new doors recently because people love them. No option for upgrade anyway
6) Whole house insulation and loft insulation
7) No option for upgrading faucets/ appliances.

Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:
1) Engineered wood for entire first floor for $35k. For 3000 square foot model 3, i dont know the square footage of the area for first floor.  Wife really wants to do solid wood but it is not offered so we will go with this option.  Luxury vinyl is $17k. I like it better than Eng Wood but happy wife is happy family so I gave in.
2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.

The only 3 things left are 36” Wolf Sub-zero fridge, windows treatment and backyard landscaping.  After all things set and done, it should be within our $200k-$250k budget for upgrades.

I just want to thank all the fellow Fresco-ers for clarifications on some of the options.

We have engineered wood and I absolutely love it. Easy to care for, softer than tile on the feet. We don't have kids or pets so never had any rolling toys on it. Not sure if that would scratch it up or not.
What’s the difference between LVP vs engineered wood? I can’t even tell the difference when seeing both since LVP has evolved to a point where it literally looks like wood at an affordable price. LVP is probably easier to maintain than engineered wood right?
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 24, 2021, 07:28:07 PM
LVP is def more ideal if you have kids and especially in the kitchen. I had engineered wood in my prior home and it got warped in the kitchen area due to water spillage etc

Yeah, LVP is 100% waterproof while engineered wood is not. It makes more sense to use LVP in kitchen, bathrooms and laundry room.
Title: Re: Fresco @ Eastwood Village
Post by: qwerty on December 24, 2021, 08:38:25 PM
Maybe I haven’t seen good LVP , but the couple I’ve seen and walked on were not as good looking or solid as engineered wood
Title: Re: Fresco @ Eastwood Village
Post by: box on December 26, 2021, 01:09:04 AM
LVP is def more ideal if you have kids and especially in the kitchen. I had engineered wood in my prior home and it got warped in the kitchen area due to water spillage etc

This is my fear with engineered wood in areas that have water exposure. In your case when the engineered wood got warped in the kitchen, what did it take to get it fixed?
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on December 26, 2021, 07:28:50 AM
How is the waiting list for Eastwood and Orchard Hill?  Too late to get in line for Eastwood? Anyone knows the prices for next phrase?
Title: Re: Fresco @ Eastwood Village
Post by: irvinehomeowner on December 26, 2021, 10:44:47 AM
About moving money to the US, can't they use crypto to do this?

Or is there some limitation on large conversion transactions?
Title: Re: Fresco @ Eastwood Village
Post by: Cares on December 26, 2021, 10:47:10 AM
About moving money to the US, can't they use crypto to do this?

Or is there some limitation on large conversion transactions?

China banned crypto mining and trading sometime this year. They said because crypto and mining is harmful to the environment but I'm sure they want tighter control on their currency and assets.
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on December 26, 2021, 10:51:32 AM
One of my buyers got a Plan 3 and I noticed that Irvine Pacific dropped the broker coop again.  Originally it was $45,000 then it went down to $30,000 as of July 1st and now it's $17,000.
Title: Re: Fresco @ Eastwood Village
Post by: Cares on December 26, 2021, 10:54:21 AM
One of my buyers got a Plan 3 and I noticed that Irvine Pacific dropped the broker coop again.  Originally it was $45,000 then it went down to $30,000 as of July 1st and now it's $17,000.

I'm surprised any builder is even co-op at all still and all have not moved to a bidding structure. It's not like there are other options for buyers...
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on December 26, 2021, 10:58:58 AM
One of my buyers got a Plan 3 and I noticed that Irvine Pacific dropped the broker coop again.  Originally it was $45,000 then it went down to $30,000 as of July 1st and now it's $17,000.

I'm surprised any builder is even co-op at all still and all have not moved to a bidding structure. It's not like there are other options for buyers...

True, if the market keeps going like this then Irvine Pacific will probably do away with the broker coop as well.
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on December 26, 2021, 11:04:52 AM
One of my buyers got a Plan 3 and I noticed that Irvine Pacific dropped the broker coop again.  Originally it was $45,000 then it went down to $30,000 as of July 1st and now it's $17,000.

I'm surprised any builder is even co-op at all still and all have not moved to a bidding structure. It's not like there are other options for buyers...

True, if the market keeps going like this then Irvine Pacific will probably do away with the broker coop as well.

I am surprised they even offer broker co-op. Buyer broker for a new construction doesn’t really do a lot aside  putting their names on the contract and collecting the paycheck at the end
Title: Re: Fresco @ Eastwood Village
Post by: Cares on December 26, 2021, 11:09:36 AM
One of my buyers got a Plan 3 and I noticed that Irvine Pacific dropped the broker coop again.  Originally it was $45,000 then it went down to $30,000 as of July 1st and now it's $17,000.

I'm surprised any builder is even co-op at all still and all have not moved to a bidding structure. It's not like there are other options for buyers...

True, if the market keeps going like this then Irvine Pacific will probably do away with the broker coop as well.

I am surprised they even offer broker co-op. Buyer broker for a new construction doesn’t really do a lot aside  putting their names on the contract and collecting the paycheck at the end

When the market was slow and there were lot of options for buyers it was the builders' way of "marketing" so that agents would steer their buyers to new builds. In this market, it makes little sense but as an agent I'll take what I can get.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 26, 2021, 11:53:21 AM
One of my buyers got a Plan 3 and I noticed that Irvine Pacific dropped the broker coop again.  Originally it was $45,000 then it went down to $30,000 as of July 1st and now it's $17,000.

I made reservation for Bluffs 2 on 12/12 and broker coop was $25,000, and sales lady told me that it would go down to $15,000 starting Jan 1st.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 26, 2021, 11:56:45 AM
One of my buyers got a Plan 3 and I noticed that Irvine Pacific dropped the broker coop again.  Originally it was $45,000 then it went down to $30,000 as of July 1st and now it's $17,000.

I'm surprised any builder is even co-op at all still and all have not moved to a bidding structure. It's not like there are other options for buyers...

True, if the market keeps going like this then Irvine Pacific will probably do away with the broker coop as well.

I am surprised they even offer broker co-op. Buyer broker for a new construction doesn’t really do a lot aside  putting their names on the contract and collecting the paycheck at the end

When the market was slow and there were lot of options for buyers it was the builders' way of "marketing" so that agents would steer their buyers to new builds. In this market, it makes little sense but as an agent I'll take what I can get.

RE agents on Youtube are still talking about Bluffs/Highland, but no one mentions Sierra at all.  ;D
Title: Re: Fresco @ Eastwood Village
Post by: huuur on December 26, 2021, 03:14:00 PM
Martin, can you share when your client (who got Eastwood Fresco model 3) gets on the priority list? Which phase did he get a house? - Phase 13?

Quote
Quote from: USCTrojanCPA on Today at 10:51:32 AM
One of my buyers got a Plan 3 and I noticed that Irvine Pacific dropped the broker coop again.  Originally it was $45,000 then it went down to $30,000 as of July 1st and now it's $17,000.

Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 26, 2021, 06:28:05 PM
LVP is def more ideal if you have kids and especially in the kitchen. I had engineered wood in my prior home and it got warped in the kitchen area due to water spillage etc

I'm just curious, but why did you use engineered wood instead of tiles in the kitchen? There are 3 areas that I would definitely use tiles or LVP: kitchen, bathrooms and laundry room.
Title: Re: Fresco @ Eastwood Village
Post by: box on December 26, 2021, 08:34:44 PM
LVP is def more ideal if you have kids and especially in the kitchen. I had engineered wood in my prior home and it got warped in the kitchen area due to water spillage etc

I'm just curious, but why did you use engineered wood instead of tiles in the kitchen? There are 3 areas that I would definitely use tiles or LVP: kitchen, bathrooms and laundry room.

In these open floor plan homes, transitioning from engineered hardwood to tile at the kitchen would be pretty ugly, I imagine.
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on December 26, 2021, 08:39:33 PM
LVP is def more ideal if you have kids and especially in the kitchen. I had engineered wood in my prior home and it got warped in the kitchen area due to water spillage etc

I'm just curious, but why did you use engineered wood instead of tiles in the kitchen? There are 3 areas that I would definitely use tiles or LVP: kitchen, bathrooms and laundry room.

In these open floor plan homes, transitioning from engineered hardwood to tile at the kitchen would be pretty ugly, I imagine.

I totally agree. I hate flooring that has tile and something else between kitchen and the rest of the first floor. They are fugly.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 26, 2021, 08:59:49 PM
LVP is def more ideal if you have kids and especially in the kitchen. I had engineered wood in my prior home and it got warped in the kitchen area due to water spillage etc

I'm just curious, but why did you use engineered wood instead of tiles in the kitchen? There are 3 areas that I would definitely use tiles or LVP: kitchen, bathrooms and laundry room.

In these open floor plan homes, transitioning from engineered hardwood to tile at the kitchen would be pretty ugly, I imagine.

I totally agree. I hate flooring that has tile and something else between kitchen and the rest of the first floor. They are fugly.

Well, that's why you should have tiles for the entire first floor.  ;D We're going to do tiles on the first floor and engineered wood on second floor (except laundry room and bathrooms).

In my current home, we have tiles running from kitchen/nook running through hallway to bathroom/laundry room. The two rooms downstairs are using eningeered wood, and the living room, dining room, and family also wood since they're all connected. The transitioning happens between kitchen and family room, and between hallway and living/dining room, and hallway and the two bedrooms. They don't look bad.
Title: Re: Fresco @ Eastwood Village
Post by: TestingIrvine on December 26, 2021, 09:45:45 PM
None of the model homes have lvp (luxury vinyl plank) flooring for a reason. You need to install engineered wood for your listing to say “real Hardwood flooring” when you sell.

Regular hardwood floors don’t work for concrete slabs due to humidity and moisture and needs to be engineered wood.

Every model home has the same stone or engineered wood flooring throughout the 1st floor common areas.
Title: Re: Fresco @ Eastwood Village
Post by: OCPricedOut on December 27, 2021, 03:47:36 PM
1) It is a different design pattern  and lower profile compared to model homes I am a big fan of nylon carpet since it is more durable.  I am not sure the model home one is nylon or polyester.  Upgraded carpet comes with additional padding which is included.
2) I dont remember which manufacture it is. Quite frankly, my wife is more into simple clean quartz w/o any marble design than manufacture. Rep confirmed that the one we plan to pick uses Bretonstone pattern.
3) countertops, shower tiles are in phrase 3 and flooring/carpet in 4 if i remember correctly.
Thanks for sharing your experience!

We are also interested in doing simple clean quartz, do you recall what level of quartz upgrade did you pick? I see for kitchen countertop level 1 starts at $4600 and go all the way up to $9200 for level 4. Also, did they provide unused material credit for the countertop upgrade? We are debating whether to upgrade kitchen countertop after COE or just do it through IP if the difference is not significant..
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 27, 2021, 04:51:47 PM
1) It is a different design pattern  and lower profile compared to model homes I am a big fan of nylon carpet since it is more durable.  I am not sure the model home one is nylon or polyester.  Upgraded carpet comes with additional padding which is included.
2) I dont remember which manufacture it is. Quite frankly, my wife is more into simple clean quartz w/o any marble design than manufacture. Rep confirmed that the one we plan to pick uses Bretonstone pattern.
3) countertops, shower tiles are in phrase 3 and flooring/carpet in 4 if i remember correctly.
Thanks for sharing your experience!

We are also interested in doing simple clean quartz, do you recall what level of quartz upgrade did you pick? I see for kitchen countertop level 1 starts at $4600 and go all the way up to $7600 for level 3. Also, did they provide unused material credit for the countertop upgrade? We are debating whether to upgrade kitchen countertop after COE or just do it through IP if the difference is not significant..

There are actually 5 levels (groups) for quartz countertops. At least, for Bluffs 2, group 3 is about $6000 for kitchen countertops. My wife was asking for comparison between quartz and quartzite. The designer picked group 3 for comparison. Quartzite would be about $11,000. But I think for quartzite, there are 7 groups.
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on December 27, 2021, 05:34:10 PM
For those who plan to get built-in fridge, a friend of mine just ordered 42” sub-zero and it’ll take 6 months to a year to get it.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 27, 2021, 05:55:37 PM
For those who plan to get built-in fridge, a friend of mine just ordered 42” sub-zero and it’ll take 6 months to a year to get it.

We're planning to order a 36" sub-zero classic side-by-side one. I guess I should order it ASAP.

Did you friend order from a local retailer?
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on December 27, 2021, 07:34:40 PM
For those who plan to get built-in fridge, a friend of mine just ordered 42” sub-zero and it’ll take 6 months to a year to get it.

Furgison appliances in OC.  He said if you want one with professional handle, it will take up to a year and 1/2.

We're planning to order a 36" sub-zero classic side-by-side one. I guess I should order it ASAP.

Did you friend order from a local retailer?
Title: Re: Fresco @ Eastwood Village
Post by: Goriot on December 27, 2021, 07:39:11 PM
For those who plan to get built-in fridge, a friend of mine just ordered 42” sub-zero and it’ll take 6 months to a year to get it.

Ordered and purchased a 48” sub-zero from Pacific Sales back in September.  Still waiting with no eta.  I think 6+ months waiting left. 
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on December 27, 2021, 09:14:55 PM
For those who plan to get built-in fridge, a friend of mine just ordered 42” sub-zero and it’ll take 6 months to a year to get it.

Ordered and purchased a 48” sub-zero from Pacific Sales back in September.  Still waiting with no eta.  I think 6+ months waiting left.

We have a 48" subzero with ice dispenser in the door and I wouldn't get it again. It takes up way too much of the freezer/refrigerator real estate (unless they have changed how that fits in.

Otherwise, it's been a nice fridge.

Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on December 28, 2021, 08:40:28 AM
For those who plan to get built-in fridge, a friend of mine just ordered 42” sub-zero and it’ll take 6 months to a year to get it.

Ordered and purchased a 48” sub-zero from Pacific Sales back in September.  Still waiting with no eta.  I think 6+ months waiting left.

We have a 48" subzero with ice dispenser in the door and I wouldn't get it again. It takes up way too much of the freezer/refrigerator real estate (unless they have changed how that fits in.

Otherwise, it's been a nice fridge.

Mine was configured w/o water dispenser to save space.
No one makes better fridge than SZ. I have 36 french door and its built quality is like a tank. I notice fruits and veggie stay fresh longer than the xtra fridge in the garage.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on December 28, 2021, 09:25:27 AM
For those who plan to get built-in fridge, a friend of mine just ordered 42” sub-zero and it’ll take 6 months to a year to get it.

Ordered and purchased a 48” sub-zero from Pacific Sales back in September.  Still waiting with no eta.  I think 6+ months waiting left.

We have a 48" subzero with ice dispenser in the door and I wouldn't get it again. It takes up way too much of the freezer/refrigerator real estate (unless they have changed how that fits in.

Otherwise, it's been a nice fridge.

Mine was configured w/o water dispenser to save space.
No one makes better fridge than SZ. I have 36 french door and its built quality is like a tank. I notice fruits and veggie stay fresh longer than the xtra fridge in the garage.

I have no problems with the fridge but the ice maker in the door takes up way too much space (from both the freezer/fridge sections).

I previously had a GE monogram 42" built in fridge in my last house and had no problems with it either but it had way more room than the 48" subzero and it also had ice dispenser in the door.
Title: Re: Fresco @ Eastwood Village
Post by: Soylent Green Is People on December 28, 2021, 10:47:31 AM
Remodeling the kitchen. Ordered appliances in August. Confirmed delivery the week Jan 15. 6 months from order to receipt seems to be the present normal. Plan accordingly.

My .02c
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 28, 2021, 12:49:52 PM
I just ordered the Sub-zero 36" classic side-by-side from Renwes. ETA is early September (arriving in Fontana end of August and another week to come out to Lake Forest).
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on December 28, 2021, 02:01:58 PM
I just ordered the Sub-zero 36" classic side-by-side from Renwes. ETA is early September (arriving in Fontana end of August and another week to come out to Lake Forest).

Same model as mine with bottom freezer. I got from Pacific Sales w/ 10% credit. Took me less than 6 months to get it since big box retailers tend to get these SZ fridges faster. How much are you paying for it?
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on December 28, 2021, 02:59:44 PM
I just ordered the Sub-zero 36" classic side-by-side from Renwes. ETA is early September (arriving in Fontana end of August and another week to come out to Lake Forest).

Same model as mine with bottom freezer. I got from Pacific Sales w/ 10% credit. Took me less than 6 months to get it since big box retailers tend to get these SZ fridges faster. How much are you paying for it?

The one you bought is french door with bottom freezer. I just called Renwes because it's closest to PS. I got it for $10,839. MRSP for mine is $11,525, but for yours it's $12,335. Maybe I should have called Pacific Sales. Oh well.
Title: Re: Fresco @ Eastwood Village
Post by: huuur on January 05, 2022, 09:33:17 AM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on January 05, 2022, 09:42:54 AM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 05, 2022, 11:21:14 AM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.
Wasn't Pulte homes doing it in great park?
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 05, 2022, 01:22:41 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 05, 2022, 02:51:07 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on January 05, 2022, 03:10:30 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 05, 2022, 04:00:59 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.

Yeah, if IP allowed bidding, then buyers will definitely bid for the good lots when released. So I don't know where sleepy gets the idea that no one would bid for IP's homes.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 05, 2022, 04:35:55 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.
maybe I am living under a rock. Look at cetara prices and how much it has gone up thanks to IP forcing Shea to do so. They were calling September folks for the last release but had to start pinging people in January to finally sell the homes. This is WITHOUT bidding... I was told there are at least 300+ on the list where 60% were cash buyers.

Sure we are talking about homes in the 3m range and that can be different than homes in 1.5-2m range... But do I think everyone on the waiting list will pounce on IP homes if they had a chance? I don't. Because one can only bid so much until they think it's not worth it. Also, subjective remark but IP floor plans are meh.... Master baths are tiny compared to Shea like Ravello for instance..
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 05, 2022, 05:47:30 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.
maybe I am living under a rock. Look at cetara prices and how much it has gone up thanks to IP forcing Shea to do so. They were calling September folks for the last release but had to start pinging people in January to finally sell the homes. This is WITHOUT bidding... I was told there are at least 300+ on the list where 60% were cash buyers.

Sure we are talking about homes in the 3m range and that can be different than homes in 1.5-2m range... But do I think everyone on the waiting list will pounce on IP homes if they had a chance? I don't. Because one can only bid so much until they think it's not worth it. Also, subjective remark but IP floor plans are meh.... Master baths are tiny compared to Shea like Ravello for instance..

All I can tell you is that the IP homes in PS don't make it to the people not on the list. And yes, there aren't many people who can afford the $3M range, but anything under $2M goes right away.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 05, 2022, 06:05:50 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.
maybe I am living under a rock. Look at cetara prices and how much it has gone up thanks to IP forcing Shea to do so. They were calling September folks for the last release but had to start pinging people in January to finally sell the homes. This is WITHOUT bidding... I was told there are at least 300+ on the list where 60% were cash buyers.

Sure we are talking about homes in the 3m range and that can be different than homes in 1.5-2m range... But do I think everyone on the waiting list will pounce on IP homes if they had a chance? I don't. Because one can only bid so much until they think it's not worth it. Also, subjective remark but IP floor plans are meh.... Master baths are tiny compared to Shea like Ravello for instance..

All I can tell you is that the IP homes in PS don't make it to the people not on the list. And yes, there aren't many people who can afford the $3M range, but anything under $2M goes right away.
That’s because there is literally no supply and no bidding. If you throw in bidding, half the people on the list will leave and wait for resale. You have to understand that one can only bid up so much for new homes as they have to do upgrades for the home.
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on January 05, 2022, 06:26:55 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.
maybe I am living under a rock. Look at cetara prices and how much it has gone up thanks to IP forcing Shea to do so. They were calling September folks for the last release but had to start pinging people in January to finally sell the homes. This is WITHOUT bidding... I was told there are at least 300+ on the list where 60% were cash buyers.

Sure we are talking about homes in the 3m range and that can be different than homes in 1.5-2m range... But do I think everyone on the waiting list will pounce on IP homes if they had a chance? I don't. Because one can only bid so much until they think it's not worth it. Also, subjective remark but IP floor plans are meh.... Master baths are tiny compared to Shea like Ravello for instance..

All I can tell you is that the IP homes in PS don't make it to the people not on the list. And yes, there aren't many people who can afford the $3M range, but anything under $2M goes right away.
That’s because there is literally no supply and no bidding. If you throw in bidding, half the people on the list will leave and wait for resale. You have to understand that one can only bid up so much for new homes as they have to do upgrades for the home.
Hypothetically speaking, let’s use your number for the sake of argument. EW Fresco as of now there are over 200 people waiting for 30ish homes. If bidding is allowed and 1/2 leave, there are still over 100 potential buyers for the 30 lots.  Bidding is still bidding whether it’s $1000 or $20k or 100k just  like offer/counter offer for existing homes.

We are not talking about bs scenario that’s not happening.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 05, 2022, 06:35:46 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.
maybe I am living under a rock. Look at cetara prices and how much it has gone up thanks to IP forcing Shea to do so. They were calling September folks for the last release but had to start pinging people in January to finally sell the homes. This is WITHOUT bidding... I was told there are at least 300+ on the list where 60% were cash buyers.

Sure we are talking about homes in the 3m range and that can be different than homes in 1.5-2m range... But do I think everyone on the waiting list will pounce on IP homes if they had a chance? I don't. Because one can only bid so much until they think it's not worth it. Also, subjective remark but IP floor plans are meh.... Master baths are tiny compared to Shea like Ravello for instance..

All I can tell you is that the IP homes in PS don't make it to the people not on the list. And yes, there aren't many people who can afford the $3M range, but anything under $2M goes right away.
That’s because there is literally no supply and no bidding. If you throw in bidding, half the people on the list will leave and wait for resale. You have to understand that one can only bid up so much for new homes as they have to do upgrades for the home.
Hypothetically speaking, let’s use your number for the sake of argument. EW Fresco as of now there are over 200 people waiting for 30ish homes. If bidding is allowed and 1/2 leave, there are still over 100 potential buyers for the 30 lots.  Bidding is still bidding whether it’s $1000 or $20k or 100k just  like offer/counter offer for existing homes.

We are not talking about bs scenario that’s not happening.
You can use whatever numbers you want. What is fact is IP wants to control pricing in Irvine. So they set the pricing how they see fit and they want it to be that way. I provided Cetara because there are factual data points there that speak for themself. Shea has explicitly mentioned that IP is forcing them to raise prices of Cetara aggressively. Don’t believe me? Look at pricing of Teresina. They barely increased the pricing for their homes throughout the pandemic even though they could have. But they did not.

People are now tolerating the higher prices by IP because there is no bidding and aren’t competing against anyone once it’s their turn on the list. It would be a complete different ball game if bidding was allowed. People will bid but it won’t be as crazy as you guys make it sound. People need to upgrade the homes and not leave it standard and you can only bid so much when your budget is 1.5-2m.
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on January 05, 2022, 06:44:58 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.
maybe I am living under a rock. Look at cetara prices and how much it has gone up thanks to IP forcing Shea to do so. They were calling September folks for the last release but had to start pinging people in January to finally sell the homes. This is WITHOUT bidding... I was told there are at least 300+ on the list where 60% were cash buyers.

Sure we are talking about homes in the 3m range and that can be different than homes in 1.5-2m range... But do I think everyone on the waiting list will pounce on IP homes if they had a chance? I don't. Because one can only bid so much until they think it's not worth it. Also, subjective remark but IP floor plans are meh.... Master baths are tiny compared to Shea like Ravello for instance..

All I can tell you is that the IP homes in PS don't make it to the people not on the list. And yes, there aren't many people who can afford the $3M range, but anything under $2M goes right away.
That’s because there is literally no supply and no bidding. If you throw in bidding, half the people on the list will leave and wait for resale. You have to understand that one can only bid up so much for new homes as they have to do upgrades for the home.
Hypothetically speaking, let’s use your number for the sake of argument. EW Fresco as of now there are over 200 people waiting for 30ish homes. If bidding is allowed and 1/2 leave, there are still over 100 potential buyers for the 30 lots.  Bidding is still bidding whether it’s $1000 or $20k or 100k just  like offer/counter offer for existing homes.

We are not talking about bs scenario that’s not happening.
You can use whatever numbers you want. What is fact is IP wants to control pricing in Irvine. So they set the pricing how they see fit and they want it to be that way. I provided Cetara because there are factual data points there that speak for themself. Shea has explicitly mentioned that IP is forcing them to raise prices of Cetara aggressively. Don’t believe me? Look at pricing of Teresina. They barely increased the pricing for their homes throughout the pandemic even though they could have. But they did not.

People are now tolerating the higher prices by IP because there is no bidding and aren’t competing against anyone once it’s their turn on the list. It would be a complete different ball game if bidding was allowed. People will bid but it won’t be as crazy as you guys make it sound. People need to upgrade the homes and not leave it standard and you can only bid so much when your budget is 1.5-2m.

3 mil vs 2 mil. Have you heard of a pyramid? When you traverse to the top, it’s getting less and less.

My point is that I dont see how bidding for new home would be any difference than existing homes out there in the current market. There are existing homes out there that have ridiculous list prices between 1.8-2.0 mil and they are sold within 1 or 2 weeks 100+k over list prices due to bidding war.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 05, 2022, 06:50:28 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.
maybe I am living under a rock. Look at cetara prices and how much it has gone up thanks to IP forcing Shea to do so. They were calling September folks for the last release but had to start pinging people in January to finally sell the homes. This is WITHOUT bidding... I was told there are at least 300+ on the list where 60% were cash buyers.

Sure we are talking about homes in the 3m range and that can be different than homes in 1.5-2m range... But do I think everyone on the waiting list will pounce on IP homes if they had a chance? I don't. Because one can only bid so much until they think it's not worth it. Also, subjective remark but IP floor plans are meh.... Master baths are tiny compared to Shea like Ravello for instance..

All I can tell you is that the IP homes in PS don't make it to the people not on the list. And yes, there aren't many people who can afford the $3M range, but anything under $2M goes right away.
That’s because there is literally no supply and no bidding. If you throw in bidding, half the people on the list will leave and wait for resale. You have to understand that one can only bid up so much for new homes as they have to do upgrades for the home.
Hypothetically speaking, let’s use your number for the sake of argument. EW Fresco as of now there are over 200 people waiting for 30ish homes. If bidding is allowed and 1/2 leave, there are still over 100 potential buyers for the 30 lots.  Bidding is still bidding whether it’s $1000 or $20k or 100k just  like offer/counter offer for existing homes.

We are not talking about bs scenario that’s not happening.
You can use whatever numbers you want. What is fact is IP wants to control pricing in Irvine. So they set the pricing how they see fit and they want it to be that way. I provided Cetara because there are factual data points there that speak for themself. Shea has explicitly mentioned that IP is forcing them to raise prices of Cetara aggressively. Don’t believe me? Look at pricing of Teresina. They barely increased the pricing for their homes throughout the pandemic even though they could have. But they did not.

People are now tolerating the higher prices by IP because there is no bidding and aren’t competing against anyone once it’s their turn on the list. It would be a complete different ball game if bidding was allowed. People will bid but it won’t be as crazy as you guys make it sound. People need to upgrade the homes and not leave it standard and you can only bid so much when your budget is 1.5-2m.

3 mil vs 2 mil. Have you heard of a pyramid? When you traverse to the top, it’s getting less and less.

My point is that I dont see how bidding for new home would be any difference than existing homes out there in the current market. There are existing homes out there that have ridiculous list prices between 1.8-2.0 mil and they are sold within 1 or 2 weeks 100+k over list prices due to bidding war.
EW Fresco has 200+ and Cetara has 300+ with 60% of them being cash buyer. Numbers look similar to me, just different level of buying power. If anything, you would think 3m would have more power to bid up more so than 1.5-2m buyer.

There is A LOT of difference bidding on existing turn key homes versus a new construction where you need to probably throw 100k+ into it for landscaping, window treatments, flooring, etc. If I bid 100k+ for a turn key resale, I do not need to do anymore work into it assuming nothing big gets found during the inspection. Therefore, bidding 100k more for a resale actually isn't as bad as bidding 100k+ for a new construction.

As Calbears mentioned, he was on the wait list for 3 months and the base price went up 100k. At that rate, bidding on a resale and putting 100k+ is more worth it if it's actually turn key.
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on January 05, 2022, 06:55:52 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.
maybe I am living under a rock. Look at cetara prices and how much it has gone up thanks to IP forcing Shea to do so. They were calling September folks for the last release but had to start pinging people in January to finally sell the homes. This is WITHOUT bidding... I was told there are at least 300+ on the list where 60% were cash buyers.

Sure we are talking about homes in the 3m range and that can be different than homes in 1.5-2m range... But do I think everyone on the waiting list will pounce on IP homes if they had a chance? I don't. Because one can only bid so much until they think it's not worth it. Also, subjective remark but IP floor plans are meh.... Master baths are tiny compared to Shea like Ravello for instance..

All I can tell you is that the IP homes in PS don't make it to the people not on the list. And yes, there aren't many people who can afford the $3M range, but anything under $2M goes right away.
That’s because there is literally no supply and no bidding. If you throw in bidding, half the people on the list will leave and wait for resale. You have to understand that one can only bid up so much for new homes as they have to do upgrades for the home.
Hypothetically speaking, let’s use your number for the sake of argument. EW Fresco as of now there are over 200 people waiting for 30ish homes. If bidding is allowed and 1/2 leave, there are still over 100 potential buyers for the 30 lots.  Bidding is still bidding whether it’s $1000 or $20k or 100k just  like offer/counter offer for existing homes.

We are not talking about bs scenario that’s not happening.
You can use whatever numbers you want. What is fact is IP wants to control pricing in Irvine. So they set the pricing how they see fit and they want it to be that way. I provided Cetara because there are factual data points there that speak for themself. Shea has explicitly mentioned that IP is forcing them to raise prices of Cetara aggressively. Don’t believe me? Look at pricing of Teresina. They barely increased the pricing for their homes throughout the pandemic even though they could have. But they did not.

People are now tolerating the higher prices by IP because there is no bidding and aren’t competing against anyone once it’s their turn on the list. It would be a complete different ball game if bidding was allowed. People will bid but it won’t be as crazy as you guys make it sound. People need to upgrade the homes and not leave it standard and you can only bid so much when your budget is 1.5-2m.

3 mil vs 2 mil. Have you heard of a pyramid? When you traverse to the top, it’s getting less and less.

My point is that I dont see how bidding for new home would be any difference than existing homes out there in the current market. There are existing homes out there that have ridiculous list prices between 1.8-2.0 mil and they are sold within 1 or 2 weeks 100+k over list prices due to bidding war.
EW Fresco has 200+ and Cetara has 300+ with 60% of them being cash buyer. Numbers look similar to me, just different level of buying power. If anything, you would think 3m would have more power to bid up more so than 1.5-2m buyer.

There is A LOT of difference bidding on existing turn key homes versus a new construction where you need to probably throw 100k+ into it for landscaping, window treatments, flooring, etc. If I bid 100k+ for a turn key resale, I do not need to do anymore work into it assuming nothing big gets found during the inspection. Therefore, bidding 100k more for a resale actually isn't as bad as bidding 100k+ for a new construction.

Alright dude, feel like talking to deaf ears.😌 Whatever you say, let’s talk again when IP opens up bidding like other builders that have people bidding like crazy. If it worked for other builders and not IP, there’s no way to prove it. 🪨
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 05, 2022, 06:59:29 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.
maybe I am living under a rock. Look at cetara prices and how much it has gone up thanks to IP forcing Shea to do so. They were calling September folks for the last release but had to start pinging people in January to finally sell the homes. This is WITHOUT bidding... I was told there are at least 300+ on the list where 60% were cash buyers.

Sure we are talking about homes in the 3m range and that can be different than homes in 1.5-2m range... But do I think everyone on the waiting list will pounce on IP homes if they had a chance? I don't. Because one can only bid so much until they think it's not worth it. Also, subjective remark but IP floor plans are meh.... Master baths are tiny compared to Shea like Ravello for instance..

All I can tell you is that the IP homes in PS don't make it to the people not on the list. And yes, there aren't many people who can afford the $3M range, but anything under $2M goes right away.
That’s because there is literally no supply and no bidding. If you throw in bidding, half the people on the list will leave and wait for resale. You have to understand that one can only bid up so much for new homes as they have to do upgrades for the home.
Hypothetically speaking, let’s use your number for the sake of argument. EW Fresco as of now there are over 200 people waiting for 30ish homes. If bidding is allowed and 1/2 leave, there are still over 100 potential buyers for the 30 lots.  Bidding is still bidding whether it’s $1000 or $20k or 100k just  like offer/counter offer for existing homes.

We are not talking about bs scenario that’s not happening.
You can use whatever numbers you want. What is fact is IP wants to control pricing in Irvine. So they set the pricing how they see fit and they want it to be that way. I provided Cetara because there are factual data points there that speak for themself. Shea has explicitly mentioned that IP is forcing them to raise prices of Cetara aggressively. Don’t believe me? Look at pricing of Teresina. They barely increased the pricing for their homes throughout the pandemic even though they could have. But they did not.

People are now tolerating the higher prices by IP because there is no bidding and aren’t competing against anyone once it’s their turn on the list. It would be a complete different ball game if bidding was allowed. People will bid but it won’t be as crazy as you guys make it sound. People need to upgrade the homes and not leave it standard and you can only bid so much when your budget is 1.5-2m.

3 mil vs 2 mil. Have you heard of a pyramid? When you traverse to the top, it’s getting less and less.

My point is that I dont see how bidding for new home would be any difference than existing homes out there in the current market. There are existing homes out there that have ridiculous list prices between 1.8-2.0 mil and they are sold within 1 or 2 weeks 100+k over list prices due to bidding war.
EW Fresco has 200+ and Cetara has 300+ with 60% of them being cash buyer. Numbers look similar to me, just different level of buying power. If anything, you would think 3m would have more power to bid up more so than 1.5-2m buyer.

There is A LOT of difference bidding on existing turn key homes versus a new construction where you need to probably throw 100k+ into it for landscaping, window treatments, flooring, etc. If I bid 100k+ for a turn key resale, I do not need to do anymore work into it assuming nothing big gets found during the inspection. Therefore, bidding 100k more for a resale actually isn't as bad as bidding 100k+ for a new construction.

Alright dude, feel like talking to deaf ears.😌 Whatever you say, let’s talk again when IP opens up bidding like other builders that have people bidding like crazy. If it worked for other builders and not IP, there’s no way to prove it. 🪨
Bidding like crazy? These are cookie cutter homes... Even where I live, Lennar had a bidding process for the park view condos. The bid for the homes were 10k above the previous price and back then they raised prices by 10k each phase. Basically there did not exist any "craziness". Guess what happened after they started the bidding process? It stopped.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 05, 2022, 07:16:16 PM
Bidding like crazy? These are cookie cutter homes... Even where I live, Lennar had a bidding process for the park view condos. The bid for the homes were 10k above the previous price and back then they raised prices by 10k each phase. Basically there did not exist any "craziness". Guess what happened after they started the bidding process? It stopped.

Lake Forest is not Irvine.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 05, 2022, 07:37:17 PM
Bidding like crazy? These are cookie cutter homes... Even where I live, Lennar had a bidding process for the park view condos. The bid for the homes were 10k above the previous price and back then they raised prices by 10k each phase. Basically there did not exist any "craziness". Guess what happened after they started the bidding process? It stopped.

Lake Forest is not Irvine.
Yeah, because we don’t pay 1.5-2% in taxes.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 05, 2022, 07:54:12 PM
Bidding like crazy? These are cookie cutter homes... Even where I live, Lennar had a bidding process for the park view condos. The bid for the homes were 10k above the previous price and back then they raised prices by 10k each phase. Basically there did not exist any "craziness". Guess what happened after they started the bidding process? It stopped.

Lake Forest is not Irvine.
Yeah, because we don’t pay 1.5-2% in taxes.

Only GP pays 1.5-2% in taxes. PS, EW, OH only pay 1.3%. And you know all these parents aren't bidding up homes in Lake Forest for a reason. I mean, someone just made a topic about it.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on January 05, 2022, 07:54:25 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.
maybe I am living under a rock. Look at cetara prices and how much it has gone up thanks to IP forcing Shea to do so. They were calling September folks for the last release but had to start pinging people in January to finally sell the homes. This is WITHOUT bidding... I was told there are at least 300+ on the list where 60% were cash buyers.

Sure we are talking about homes in the 3m range and that can be different than homes in 1.5-2m range... But do I think everyone on the waiting list will pounce on IP homes if they had a chance? I don't. Because one can only bid so much until they think it's not worth it. Also, subjective remark but IP floor plans are meh.... Master baths are tiny compared to Shea like Ravello for instance..

All I can tell you is that the IP homes in PS don't make it to the people not on the list. And yes, there aren't many people who can afford the $3M range, but anything under $2M goes right away.
That’s because there is literally no supply and no bidding. If you throw in bidding, half the people on the list will leave and wait for resale. You have to understand that one can only bid up so much for new homes as they have to do upgrades for the home.
Hypothetically speaking, let’s use your number for the sake of argument. EW Fresco as of now there are over 200 people waiting for 30ish homes. If bidding is allowed and 1/2 leave, there are still over 100 potential buyers for the 30 lots.  Bidding is still bidding whether it’s $1000 or $20k or 100k just  like offer/counter offer for existing homes.

We are not talking about bs scenario that’s not happening.
You can use whatever numbers you want. What is fact is IP wants to control pricing in Irvine. So they set the pricing how they see fit and they want it to be that way. I provided Cetara because there are factual data points there that speak for themself. Shea has explicitly mentioned that IP is forcing them to raise prices of Cetara aggressively. Don’t believe me? Look at pricing of Teresina. They barely increased the pricing for their homes throughout the pandemic even though they could have. But they did not.

People are now tolerating the higher prices by IP because there is no bidding and aren’t competing against anyone once it’s their turn on the list. It would be a complete different ball game if bidding was allowed. People will bid but it won’t be as crazy as you guys make it sound. People need to upgrade the homes and not leave it standard and you can only bid so much when your budget is 1.5-2m.

3 mil vs 2 mil. Have you heard of a pyramid? When you traverse to the top, it’s getting less and less.

My point is that I dont see how bidding for new home would be any difference than existing homes out there in the current market. There are existing homes out there that have ridiculous list prices between 1.8-2.0 mil and they are sold within 1 or 2 weeks 100+k over list prices due to bidding war.

You bid on a specific house with everything in and you have an idea of previous sales. When u bid on Lennar in SD u have NO IDEA at all what the winning bid was on the current or past releases. You have no idea if $100K over asking is enough (apparently well over $200K over asking was not enough for my noncontingent daughter with dual high incomes). There is no agent that can go to the seller agent and say look, what do we have to bid to outbid the rest? You are in effect bidding against yourself with no reference to what has been sold to your future neighbors.

It's like u get on a plane and find out u paid $1000 for your tix and the guy next to you got his tix for $250. Of course u feel like you got taken but it's one tix, not something u have to pay for the rest of your life.

Once they get all the crazy desperate people who will bid anything just to get the place, they end up with not enough bidders and go back to prices set per lot and a waiting list they claim u will be lucky to get to the top of. Meanwhile u get a house u can't even choose upgrades on.

I'm on the side of forget it. I'll take my chances with a resale. My daughter is unfortunately on the desperate side but she has to make her own mistakes, sadly.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on January 05, 2022, 08:03:05 PM
At least when u bid on something on ebay u can't bid against yourself. If you're the only bidder you get the opening bid.

With Lennar, a single desperate person can offer $300K over asking price and not even know they are the only person bidding.

Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 05, 2022, 08:24:50 PM
Bidding like crazy? These are cookie cutter homes... Even where I live, Lennar had a bidding process for the park view condos. The bid for the homes were 10k above the previous price and back then they raised prices by 10k each phase. Basically there did not exist any "craziness". Guess what happened after they started the bidding process? It stopped.

Lake Forest is not Irvine.
Yeah, because we don’t pay 1.5-2% in taxes.

Only GP pays 1.5-2% in taxes. PS, EW, OH only pay 1.3%. And you know all these parents aren't bidding up homes in Lake Forest for a reason. I mean, someone just made a topic about it.
PS is 1.5% taxes.

I think they are. Look at Amara. No property taxes and the same price as PS homes with the same lot size but true SFH and not a detached condo. With no MR and 5 mins away from Irvine. The time it takes for someone to get to Costco from PS and from lake Forest is the same.
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on January 05, 2022, 08:25:09 PM
At least when u bid on something on ebay u can't bid against yourself. If you're the only bidder you get the opening bid.

With Lennar, a single desperate person can offer $300K over asking price and not even know they are the only person bidding.



And the bad thing with these new home bidding wars, the builder will not accept an escalation clause like some resale agents do.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 05, 2022, 08:38:37 PM
It seems that a couple of builders in Great Park and Orchard Hills are doing biding even for new homes, any idea whether Fresco can change to that?   :'(

That’s messed up. Do you know which builders?  I’ve heard Lennar in SD was doing this but not in Irvine.

I think Taylor Morrison is doing the bidding for Palermo at OH.

According to Bluffs sales lady, IP won't go the bidding route. They will stay with the waitlist and whatever the released price.
Lol with IP raising prices like they always do, there is no need for bidding bc no one would bid that high to begin with. They want to control the Irvine pricing as much as possible.

You obviously have been under a rock. Have you seen long list of pre approval buyers waiting to get a IP lot? I’ve heard stories from few sale reps that some of these buyers willing to offer $100k premium to be in front of the list but that’s not how IP waiting list works.
maybe I am living under a rock. Look at cetara prices and how much it has gone up thanks to IP forcing Shea to do so. They were calling September folks for the last release but had to start pinging people in January to finally sell the homes. This is WITHOUT bidding... I was told there are at least 300+ on the list where 60% were cash buyers.

Sure we are talking about homes in the 3m range and that can be different than homes in 1.5-2m range... But do I think everyone on the waiting list will pounce on IP homes if they had a chance? I don't. Because one can only bid so much until they think it's not worth it. Also, subjective remark but IP floor plans are meh.... Master baths are tiny compared to Shea like Ravello for instance..

All I can tell you is that the IP homes in PS don't make it to the people not on the list. And yes, there aren't many people who can afford the $3M range, but anything under $2M goes right away.
That’s because there is literally no supply and no bidding. If you throw in bidding, half the people on the list will leave and wait for resale. You have to understand that one can only bid up so much for new homes as they have to do upgrades for the home.
Hypothetically speaking, let’s use your number for the sake of argument. EW Fresco as of now there are over 200 people waiting for 30ish homes. If bidding is allowed and 1/2 leave, there are still over 100 potential buyers for the 30 lots.  Bidding is still bidding whether it’s $1000 or $20k or 100k just  like offer/counter offer for existing homes.

We are not talking about bs scenario that’s not happening.
You can use whatever numbers you want. What is fact is IP wants to control pricing in Irvine. So they set the pricing how they see fit and they want it to be that way. I provided Cetara because there are factual data points there that speak for themself. Shea has explicitly mentioned that IP is forcing them to raise prices of Cetara aggressively. Don’t believe me? Look at pricing of Teresina. They barely increased the pricing for their homes throughout the pandemic even though they could have. But they did not.

People are now tolerating the higher prices by IP because there is no bidding and aren’t competing against anyone once it’s their turn on the list. It would be a complete different ball game if bidding was allowed. People will bid but it won’t be as crazy as you guys make it sound. People need to upgrade the homes and not leave it standard and you can only bid so much when your budget is 1.5-2m.

3 mil vs 2 mil. Have you heard of a pyramid? When you traverse to the top, it’s getting less and less.

My point is that I dont see how bidding for new home would be any difference than existing homes out there in the current market. There are existing homes out there that have ridiculous list prices between 1.8-2.0 mil and they are sold within 1 or 2 weeks 100+k over list prices due to bidding war.

You bid on a specific house with everything in and you have an idea of previous sales. When u bid on Lennar in SD u have NO IDEA at all what the winning bid was on the current or past releases. You have no idea if $100K over asking is enough (apparently well over $200K over asking was not enough for my noncontingent daughter with dual high incomes). There is no agent that can go to the seller agent and say look, what do we have to bid to outbid the rest? You are in effect bidding against yourself with no reference to what has been sold to your future neighbors.

It's like u get on a plane and find out u paid $1000 for your tix and the guy next to you got his tix for $250. Of course u feel like you got taken but it's one tix, not something u have to pay for the rest of your life.

Once they get all the crazy desperate people who will bid anything just to get the place, they end up with not enough bidders and go back to prices set per lot and a waiting list they claim u will be lucky to get to the top of. Meanwhile u get a house u can't even choose upgrades on.

I'm on the side of forget it. I'll take my chances with a resale. My daughter is unfortunately on the desperate side but she has to make her own mistakes, sadly.
Imagine meeting your neighbor and they paid 100k+ less than your bid at that time and they bought after you.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 05, 2022, 10:31:59 PM
Bidding like crazy? These are cookie cutter homes... Even where I live, Lennar had a bidding process for the park view condos. The bid for the homes were 10k above the previous price and back then they raised prices by 10k each phase. Basically there did not exist any "craziness". Guess what happened after they started the bidding process? It stopped.

Lake Forest is not Irvine.
Yeah, because we don’t pay 1.5-2% in taxes.

Only GP pays 1.5-2% in taxes. PS, EW, OH only pay 1.3%. And you know all these parents aren't bidding up homes in Lake Forest for a reason. I mean, someone just made a topic about it.
PS is 1.5% taxes.

I think they are. Look at Amara. No property taxes and the same price as PS homes with the same lot size but true SFH and not a detached condo. With no MR and 5 mins away from Irvine. The time it takes for someone to get to Costco from PS and from lake Forest is the same.

Nope. MR is $3600 in PS. Base property tax is 1.05%. If the home is $1M, then it's about 1.4%, but now that the home is $1.6M, it's 1.3%. It has NEVER been 1.5%.

Again, Lake Forest is not Irvine. There is a reason that Amara is cheaper, bigger lot, and more convenient than Bluffs/Highland and still more people are buying Bluffs/Highland.

Let me give you an example. My sister bought the 4100 sq ft, 6200 lot, 3-car garage, at The Oaks at Portola Hills for $1.59M, just $30k more than my tiny Bluffs 2. They did bid $90k over the $1.5M released price though. The Oaks has a 1 time blind bid for reach release. Then they decide who's bid to take. My sister paid cash, so it was considered a stronger bid.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 05, 2022, 11:01:33 PM
Bidding like crazy? These are cookie cutter homes... Even where I live, Lennar had a bidding process for the park view condos. The bid for the homes were 10k above the previous price and back then they raised prices by 10k each phase. Basically there did not exist any "craziness". Guess what happened after they started the bidding process? It stopped.

Lake Forest is not Irvine.
Yeah, because we don’t pay 1.5-2% in taxes.

Only GP pays 1.5-2% in taxes. PS, EW, OH only pay 1.3%. And you know all these parents aren't bidding up homes in Lake Forest for a reason. I mean, someone just made a topic about it.
PS is 1.5% taxes.

I think they are. Look at Amara. No property taxes and the same price as PS homes with the same lot size but true SFH and not a detached condo. With no MR and 5 mins away from Irvine. The time it takes for someone to get to Costco from PS and from lake Forest is the same.

Nope. MR is $3600 in PS. Base property tax is 1.05%. If the home is $1M, then it's about 1.4%, but now that the home is $1.6M, it's 1.3%. It has NEVER been 1.5%.

Again, Lake Forest is not Irvine. There is a reason that Amara is cheaper, bigger lot, and more convenient than Bluffs/Highland and still more people are buying Bluffs/Highland.

Let me give you an example. My sister bought the 4100 sq ft, 6200 lot, 3-car garage, at The Oaks at Portola Hills for $1.59M, just $30k more than my tiny Bluffs 2. They did bid $90k over the $1.5M released price though. The Oaks has a 1 time blind bid for reach release. Then they decide who's bid to take. My sister paid cash, so it was considered a stronger bid.

There are reasons for everyone buying anywhere… it’s all preference. People mainly buy in Irvine due to the schools.. do you really think people like their tiny lots and being shoved in like sardines? So close that you can hear your neighbors flush their toilets? Or having to deal with HOA not allowing parking in the street due to how dense it already is?

More ppl are buying bluffs/highland? I hear more ppl wanting to buy Sierra on this forum more so than Bluffs/Highland. Also, Amara lots are not big at all FYI for a true SFH and base price is basically the same as bluffs 2 so it isn’t cheaper in terms of dollar. Sierra is 1.4-1.5m for a true SFH right now similar to Amara pricing. So idk what you mean by cheaper. Look at the meadows and tell me if that is cheap.

And yes, PS is 1.5% in some areas. Please see this listing https://www.redfin.com/CA/Irvine/125-Desert-Bloom-92618/home/51684095. Never say never :)

Oh if you want to pick and choose in LF, I can too… I’m specifically talking the border of Irvine and LF which is a fair comparison to PS. Picking portola hills is like me picking GP in Irvine to show how shitty Irvine is.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 06, 2022, 01:19:45 AM
There are reasons for everyone buying anywhere… it’s all preference. People mainly buy in Irvine due to the schools.. do you really think people like their tiny lots and being shoved in like sardines? So close that you can hear your neighbors flush their toilets? Or having to deal with HOA not allowing parking in the street due to how dense it already is?

More ppl are buying bluffs/highland? I hear more ppl wanting to buy Sierra on this forum more so than Bluffs/Highland. Also, Amara lots are not big at all FYI for a true SFH and base price is basically the same as bluffs 2 so it isn’t cheaper in terms of dollar. Sierra is 1.4-1.5m for a true SFH right now similar to Amara pricing. So idk what you mean by cheaper. Look at the meadows and tell me if that is cheap.

And yes, PS is 1.5% in some areas. Please see this listing https://www.redfin.com/CA/Irvine/125-Desert-Bloom-92618/home/51684095. Never say never :)

Oh if you want to pick and choose in LF, I can too… I’m specifically talking the border of Irvine and LF which is a fair comparison to PS. Picking portola hills is like me picking GP in Irvine to show how shitty Irvine is.

You pointing out that more people wanting to buy Sierra doesn't disprove my point that more people want to buy in Irvine than LF. That's the actual point I was making. Did I not say "Lake Forest is not Irvine."?

And you can pick GP to show how shitty Irvine is, but people still prefer to buy in GP than LF, with its humongous MR and big ass HOA and all.

Point is, "Lake Forest isn't Irvine."

I guess it was true that PS was 1.5% when they bought those houses for $800k. Well worth it, wouldn't you say?
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on January 06, 2022, 06:30:53 AM
Bidding like crazy? These are cookie cutter homes... Even where I live, Lennar had a bidding process for the park view condos. The bid for the homes were 10k above the previous price and back then they raised prices by 10k each phase. Basically there did not exist any "craziness". Guess what happened after they started the bidding process? It stopped.

Lake Forest is not Irvine.

Lol perception is the reality.

Why my wife only has Chanel and LV handbags. Sure she can just get herself Coach bag for 1/10 of the price and it still serves the same purpose but she wouldnt.

And it’s the same reason why there’s always a line to get in the LV/Chanel store at South Coast Plaza but not Coach.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 06, 2022, 12:16:26 PM
Bidding like crazy? These are cookie cutter homes... Even where I live, Lennar had a bidding process for the park view condos. The bid for the homes were 10k above the previous price and back then they raised prices by 10k each phase. Basically there did not exist any "craziness". Guess what happened after they started the bidding process? It stopped.

Lake Forest is not Irvine.

Lol perception is the reality.

Why my wife only has Chanel and LV handbags. Sure she can just get herself Coach bag for 1/10 of the price and it still serves the same purpose but she wouldnt.

And it’s the same reason why there’s always a line to get in the LV/Chanel store at South Coast Plaza but not Coach.

I'm just glad that my wife is the other way around. She refuses to pay for brand. She would not go anywhere near a Channel/LV store.  ;D
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on January 06, 2022, 01:58:07 PM
Bidding like crazy? These are cookie cutter homes... Even where I live, Lennar had a bidding process for the park view condos. The bid for the homes were 10k above the previous price and back then they raised prices by 10k each phase. Basically there did not exist any "craziness". Guess what happened after they started the bidding process? It stopped.

Lake Forest is not Irvine.

Lol perception is the reality.

Why my wife only has Chanel and LV handbags. Sure she can just get herself Coach bag for 1/10 of the price and it still serves the same purpose but she wouldnt.

And it’s the same reason why there’s always a line to get in the LV/Chanel store at South Coast Plaza but not Coach.

I'm just glad that my wife is the other way around. She refuses to pay for brand. She would not go anywhere near a Channel/LV store.  ;D

She grew up in Turtle Rock, not Lake Forest unfortunately. 😎
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 06, 2022, 07:43:52 PM
There are reasons for everyone buying anywhere… it’s all preference. People mainly buy in Irvine due to the schools.. do you really think people like their tiny lots and being shoved in like sardines? So close that you can hear your neighbors flush their toilets? Or having to deal with HOA not allowing parking in the street due to how dense it already is?

More ppl are buying bluffs/highland? I hear more ppl wanting to buy Sierra on this forum more so than Bluffs/Highland. Also, Amara lots are not big at all FYI for a true SFH and base price is basically the same as bluffs 2 so it isn’t cheaper in terms of dollar. Sierra is 1.4-1.5m for a true SFH right now similar to Amara pricing. So idk what you mean by cheaper. Look at the meadows and tell me if that is cheap.

And yes, PS is 1.5% in some areas. Please see this listing https://www.redfin.com/CA/Irvine/125-Desert-Bloom-92618/home/51684095. Never say never :)

Oh if you want to pick and choose in LF, I can too… I’m specifically talking the border of Irvine and LF which is a fair comparison to PS. Picking portola hills is like me picking GP in Irvine to show how shitty Irvine is.

You pointing out that more people wanting to buy Sierra doesn't disprove my point that more people want to buy in Irvine than LF. That's the actual point I was making. Did I not say "Lake Forest is not Irvine."?

And you can pick GP to show how shitty Irvine is, but people still prefer to buy in GP than LF, with its humongous MR and big ass HOA and all.

Point is, "Lake Forest isn't Irvine."

I guess it was true that PS was 1.5% when they bought those houses for $800k. Well worth it, wouldn't you say?
I don’t think you read my words clearly. “People are more interested in Sierra than bluffs/highland on this forum”.

As for your comment on “Lake Forest isn’t Irvine”, I can say the same. “Irvine isn’t Lake Forest.”. What does Irvine have that LF does not have? Better schools and MR. last time I checked, 2k+ ppl are on the wait list for meadows which is in LF. Tell me again how many bluffs/highland have? Even if you want to get a lot, you might not even get one. The meadows is about to sell out before the model homes are even out. How about Irvine pacific homes? I think not. So quit shitting on LF dude.

Point is, not everyone wants to pay MR and the Irvine premium. One area being better than another is super subjective and all personal preference. Don’t try to act like Irvine is night and day better than LF. We aren’t talking Compton vs Irvine.

As for buying in portola with 1.5% MR, no it’s not worth it but that’s subjective. If you bought the same home in BR you are looking at similar returns without paying MR while being the same distance if not better distance to certain areas like freeway access and Irvine spectrum. I think you really think MR isn’t that big of a deal but it does make a difference when you are talking about .5% of a 850k+ home. You are saving 3.5k+ each year which for someone that owns that type of home can use the $ on other things. But again, personal preference.
Title: Re: Fresco @ Eastwood Village
Post by: BlackKnight on January 06, 2022, 08:13:51 PM
There are reasons for everyone buying anywhere… it’s all preference. People mainly buy in Irvine due to the schools.. do you really think people like their tiny lots and being shoved in like sardines? So close that you can hear your neighbors flush their toilets? Or having to deal with HOA not allowing parking in the street due to how dense it already is?

More ppl are buying bluffs/highland? I hear more ppl wanting to buy Sierra on this forum more so than Bluffs/Highland. Also, Amara lots are not big at all FYI for a true SFH and base price is basically the same as bluffs 2 so it isn’t cheaper in terms of dollar. Sierra is 1.4-1.5m for a true SFH right now similar to Amara pricing. So idk what you mean by cheaper. Look at the meadows and tell me if that is cheap.

And yes, PS is 1.5% in some areas. Please see this listing https://www.redfin.com/CA/Irvine/125-Desert-Bloom-92618/home/51684095. Never say never :)

Oh if you want to pick and choose in LF, I can too… I’m specifically talking the border of Irvine and LF which is a fair comparison to PS. Picking portola hills is like me picking GP in Irvine to show how shitty Irvine is.

You pointing out that more people wanting to buy Sierra doesn't disprove my point that more people want to buy in Irvine than LF. That's the actual point I was making. Did I not say "Lake Forest is not Irvine."?

And you can pick GP to show how shitty Irvine is, but people still prefer to buy in GP than LF, with its humongous MR and big ass HOA and all.

Point is, "Lake Forest isn't Irvine."

I guess it was true that PS was 1.5% when they bought those houses for $800k. Well worth it, wouldn't you say?
I don’t think you read my words clearly. “People are more interested in Sierra than bluffs/highland on this forum”.

As for your comment on “Lake Forest isn’t Irvine”, I can say the same. “Irvine isn’t Lake Forest.”. What does Irvine have that LF does not have? Better schools and MR. last time I checked, 2k+ ppl are on the wait list for meadows which is in LF. Tell me again how many bluffs/highland have? Even if you want to get a lot, you might not even get one. The meadows is about to sell out before the model homes are even out. How about Irvine pacific homes? I think not. So quit shitting on LF dude.

Point is, not everyone wants to pay MR and the Irvine premium. One area being better than another is super subjective and all personal preference. Don’t try to act like Irvine is night and day better than LF. We aren’t talking Compton vs Irvine.

As for buying in portola with 1.5% MR, no it’s not worth it but that’s subjective. If you bought the same home in BR you are looking at similar returns without paying MR while being the same distance if not better distance to certain areas like freeway access and Irvine spectrum. I think you really think MR isn’t that big of a deal but it does make a difference when you are talking about .5% of a 850k+ home. You are saving 3.5k+ each year which for someone that owns that type of home can use the $ on other things. But again, personal preference.

Alright dude, thousand of people are stupid to pay premium for Irvine homes than Lake Forest. End of the conversation.

Can you just drop it? Let’s return this thread to Fresco buyers for related Fresco questions/comments. Thank you.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 06, 2022, 08:27:17 PM
Bidding like crazy? These are cookie cutter homes... Even where I live, Lennar had a bidding process for the park view condos. The bid for the homes were 10k above the previous price and back then they raised prices by 10k each phase. Basically there did not exist any "craziness". Guess what happened after they started the bidding process? It stopped.

Lake Forest is not Irvine.
Blame this dudes comment. :)
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 07, 2022, 06:20:24 PM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on January 07, 2022, 10:00:41 PM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on January 07, 2022, 10:04:39 PM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!

The sales price is set when they enter into contract, not when they close as they had 6+ months of time for prices to keep rising from the time they picked the lot.  The gain will be all ordinary income so they'll probably be paying around 50% tax on the gains if they have decent take-home income.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on January 07, 2022, 10:39:09 PM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!
:o
The sales price is set when they enter into contract, not when they close as they had 6+ months of time for prices to keep rising from the time they picked the lot.  The gain will be all ordinary income so they'll probably be paying around 50% tax on the gains if they have decent take-home income.

I am just remarking that, in effect, they will only have had to lock their money for a little under a month to make that gain. Factor in the leverage, and we are talking about a pretax ROI of 150% in 1 month
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on January 07, 2022, 10:42:30 PM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!
:o
The sales price is set when they enter into contract, not when they close as they had 6+ months of time for prices to keep rising from the time they picked the lot.  The gain will be all ordinary income so they'll probably be paying around 50% tax on the gains if they have decent take-home income.

I am just remarking that, in effect, they will only have had to lock their money for a little under a month to make that gain. Factor in the leverage, and we are talking about a pretax ROI of 150% in 1 month

Well, Irvine home prices have gone up 15%-20% in the past 6-9 months so they got a windfall.  As they say, better to be lucky than good. The strong demand for homes which is driving inventory to be super low is causing all this. 
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on January 08, 2022, 08:08:50 AM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!
:o
The sales price is set when they enter into contract, not when they close as they had 6+ months of time for prices to keep rising from the time they picked the lot.  The gain will be all ordinary income so they'll probably be paying around 50% tax on the gains if they have decent take-home income.

I am just remarking that, in effect, they will only have had to lock their money for a little under a month to make that gain. Factor in the leverage, and we are talking about a pretax ROI of 150% in 1 month
I wish I had done this (but I was not considering leaving CA at the time) but in AZ, most of the builders release the lots and you pick the floorplan and structural options at that time you want on that particular lot. The prices are locked in at the time the contract is signed. Permits are not pulled until the design options are chosen so from the time the contract was signed till move in was about a year (or more). Only money owed is earnest money and percent of the options. Prices there went up at least 40% during that time and people there don't go crazy for upgrades/landscaping. Most buyers wanted to keep their houses but plenty sold for a great gain.

You can still do that but the big gains are gone, so buying to resell in a year is probably not going to net much after commissions.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on January 08, 2022, 08:15:24 AM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

So the listing doesn’t mention a loft, but based on the listed square footage, it seems that they opted for the loft and the first floor suite. So it’s probably close to 1.76 M just for the structural upgrades. Even with full blown design center upgrades (unlikely in the case of an investor) they would still be under 1.9M. It would be interesting to see how much above asking this can go for.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 08, 2022, 08:58:37 AM
Quote
most of the builders release the lots and you pick the floorplan and structural options at that time you want on that particular lot.
Well that's really cool if one can pick the floor plan on the chosen lot in AZ! Like buyers can pick Residence 1 or Residence 2  on a lot versus like here where the builder already decided the plan and elevation that goes with a lot?
Title: Re: Fresco @ Eastwood Village
Post by: huuur on January 08, 2022, 10:10:43 AM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!

Is there a contract preventing new owners to sell the Fresco home as soon as they get the key? 

So sounds like the timeline is:

- 2021/6  Sign contract + Lock price of ~$1.76M (?) + put 3%(?) deposit $50K
- 2021/6~12  Add upgrades which cost an additional $$ - let's say total ~1.8-1.9M
- 2021/12 Close + Get the house
- 2021/1 List for  $2.3M

400K~$500K gain with $50K deposit for 6 months?
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 08, 2022, 10:43:29 AM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!

Is there a contract preventing new owners to sell the Fresco home as soon as they get the key? 

So sounds like the timeline is:

- 2021/6  Sign contract + Lock price of ~$1.76M (?) + put 3%(?) deposit $50K
- 2021/6~12  Add upgrades which cost an additional $$ - let's say total ~1.8-1.9M
- 2021/12 Close + Get the house
- 2021/1 List for  $2.3M

400K~$500K gain with $50K deposit for 6 months?
Nope, IP doesn’t care if you sell the home a day after escrow. I asked sale rep about this when i signed the contract.

I just did 1st appointment for stage 3 options for my model 3+.  Upgrading all countertops (kitchen and 4 bathrooms) to Quartz level 4, surrounding shower tiles + up to ceiling total $30k.

I did asked about unused standard material when upgrade. Lady said that when you select an upgrade, the price you pay is the delta from upgrade - standard. So it’s not a total waste if you don’t go standard.

For Fresco Model 3+, since I am going all floor upgrades IP will give me $3100 deduction.

We have 2nd appt for stage 3 in 2 weeks. Still thinking about what have selected and may make some changes.

Hope this info help some fellow Fresco-ers.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 08, 2022, 10:51:49 AM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!

Is there a contract preventing new owners to sell the Fresco home as soon as they get the key? 

So sounds like the timeline is:

- 2021/6  Sign contract + Lock price of ~$1.76M (?) + put 3%(?) deposit $50K
- 2021/6~12  Add upgrades which cost an additional $$ - let's say total ~1.8-1.9M
- 2021/12 Close + Get the house
- 2021/1 List for  $2.3M

400K~$500K gain with $50K deposit for 6 months?

The house looks really nice from the outside. Big lot at the end of cul-desac and no neighbor on one side.
Does anyone know how much is IP selling Plan 3+ now?
Title: Re: Fresco @ Eastwood Village
Post by: huuur on January 08, 2022, 11:06:01 AM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!

Is there a contract preventing new owners to sell the Fresco home as soon as they get the key? 

So sounds like the timeline is:

- 2021/6  Sign contract + Lock price of ~$1.76M (?) + put 3%(?) deposit $50K
- 2021/6~12  Add upgrades which cost an additional $$ - let's say total ~1.8-1.9M
- 2021/12 Close + Get the house
- 2021/1 List for  $2.3M

400K~$500K gain with $50K deposit for 6 months?
Nope, IP doesn’t care if you sell the home a day after escrow. I asked sale rep about this when i signed the contract.

I just did 1st appointment for stage 3 options for my model 3+.  Upgrading all countertops (kitchen and 4 bathrooms) to Quartz level 4, surrounding shower tiles + up to ceiling total $30k.

I did asked about unused standard material when upgrade. Lady said that when you select an upgrade, the price you pay is the delta from upgrade - standard. So it’s not a total waste if you don’t go standard.

For Fresco Model 3+, since I am going all floor upgrades IP will give me $3100 deduction.

We have 2nd appt for stage 3 in 2 weeks. Still thinking about what have selected and may make some changes.

Hope this info help some fellow Fresco-ers.

Super helpful!

Do you mind sharing how much do you need to put as a deposit? How much upgrade cost (excluding structural) do you need to budget - let's say 1) minimal and 2) moderate?
Title: Re: Fresco @ Eastwood Village
Post by: huuur on January 08, 2022, 11:12:51 AM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!

Is there a contract preventing new owners to sell the Fresco home as soon as they get the key? 

So sounds like the timeline is:

- 2021/6  Sign contract + Lock price of ~$1.76M (?) + put 3%(?) deposit $50K
- 2021/6~12  Add upgrades which cost an additional $$ - let's say total ~1.8-1.9M
- 2021/12 Close + Get the house
- 2021/1 List for  $2.3M

400K~$500K gain with $50K deposit for 6 months?

The house looks really nice from the outside. Big lot at the end of cul-desac and no neighbor on one side.
Does anyone know how much is IP selling Plan 3+ now?

I think last phase is $1.93M for ~3000 sqft
Title: Re: Fresco @ Eastwood Village
Post by: OCPricedOut on January 08, 2022, 11:22:30 AM
I just did 1st appointment for stage 3 options for my model 3+.  Upgrading all countertops (kitchen and 4 bathrooms) to Quartz level 4, surrounding shower tiles + up to ceiling total $30k.

I did asked about unused standard material when upgrade. Lady said that when you select an upgrade, the price you pay is the delta from upgrade - standard. So it’s not a total waste if you don’t go standard.
Do you mind sharing how much in unused material you will get back from the counter upgrades? For example, the level 1 upgrade for kitchen counter top is around $4500 for Model 3, is that already inclusive of the credit?
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 08, 2022, 11:51:49 AM
I just did 1st appointment for stage 3 options for my model 3+.  Upgrading all countertops (kitchen and 4 bathrooms) to Quartz level 4, surrounding shower tiles + up to ceiling total $30k.

I did asked about unused standard material when upgrade. Lady said that when you select an upgrade, the price you pay is the delta from upgrade - standard. So it’s not a total waste if you don’t go standard.
Do you mind sharing how much in unused material you will get back from the counter upgrades? For example, the level 1 upgrade for kitchen counter top is around $4500 for Model 3, is that already inclusive of the credit?
For countertops, it's already inclusive.  It's for the flooring that IP shows you the allowance amount.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 08, 2022, 06:02:02 PM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!

Is there a contract preventing new owners to sell the Fresco home as soon as they get the key? 

So sounds like the timeline is:

- 2021/6  Sign contract + Lock price of ~$1.76M (?) + put 3%(?) deposit $50K
- 2021/6~12  Add upgrades which cost an additional $$ - let's say total ~1.8-1.9M
- 2021/12 Close + Get the house
- 2021/1 List for  $2.3M

400K~$500K gain with $50K deposit for 6 months?
Nope, IP doesn’t care if you sell the home a day after escrow. I asked sale rep about this when i signed the contract.

I just did 1st appointment for stage 3 options for my model 3+.  Upgrading all countertops (kitchen and 4 bathrooms) to Quartz level 4, surrounding shower tiles + up to ceiling total $30k.

I did asked about unused standard material when upgrade. Lady said that when you select an upgrade, the price you pay is the delta from upgrade - standard. So it’s not a total waste if you don’t go standard.

For Fresco Model 3+, since I am going all floor upgrades IP will give me $3100 deduction.

We have 2nd appt for stage 3 in 2 weeks. Still thinking about what have selected and may make some changes.

Hope this info help some fellow Fresco-ers.

Super helpful!

Do you mind sharing how much do you need to put as a deposit? How much upgrade cost (excluding structural) do you need to budget - let's say 1) minimal and 2) moderate?
$45 Grand for initial contract deposit.
15% deposit of each stage option. There are 4 stages total.

For my case, i budget 150k to 200k.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 08, 2022, 07:16:05 PM
Super helpful!

Do you mind sharing how much do you need to put as a deposit? How much upgrade cost (excluding structural) do you need to budget - let's say 1) minimal and 2) moderate?
$45 Grand for initial contract deposit.
15% deposit of each stage option. There are 4 stages total.

For my case, i budget 150k to 200k.

For Bluffs, it's $35k for initial contract deposit and then 20% deposit for each stage upgrade. We're going in for stage 3 upgrade tomorrow, but we'll try to get stage 4 done at the same time as well.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on January 08, 2022, 09:03:00 PM
Quote
most of the builders release the lots and you pick the floorplan and structural options at that time you want on that particular lot.
Well that's really cool if one can pick the floor plan on the chosen lot in AZ! Like buyers can pick Residence 1 or Residence 2  on a lot versus like here where the builder already decided the plan and elevation that goes with a lot?

That is how it goes. The only restriction is which side the driveway is on (right or left) and the elevation. You can't have the same elevation as your neighbor if you both have the same plan. You get to pick the color scheme for the elevation (roof tile type, stone/brick and colors of the trim).

The way it's able to work is each model is the same width. Yard size varies based on how big the house is on the lot.

One of the sales ladies told me I get to pick the configuration of my cabinets (if I want all drawers, no doors I can do that type thing). We'll see if she was right when I go for my design center appt.
Title: Re: Fresco @ Eastwood Village
Post by: Cares on January 09, 2022, 08:14:08 AM
I had an Australian buyer telling me about how new construction works there. Basically you go to a sales office with multiple builders and floor plans. You buy the empty plot and you can pick from 20 or so designs to be built on your plot.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 09, 2022, 09:28:57 AM
I had an Australian buyer telling me about how new construction works there. Basically you go to a sales office with multiple builders and floor plans. You buy the empty plot and you can pick from 20 or so designs to be built on your plot.
That's like having so much choice! Wish they had something like that here but not possible due HOA and all that.  Come to think of it, here in CA as I know - The land is the most expensive part(150% of the dwelling), so in some ways it makes sense to give the buyers some flexibility in what plan they put in on their lot.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 09, 2022, 11:45:46 AM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!

Is there a contract preventing new owners to sell the Fresco home as soon as they get the key? 

So sounds like the timeline is:

- 2021/6  Sign contract + Lock price of ~$1.76M (?) + put 3%(?) deposit $50K
- 2021/6~12  Add upgrades which cost an additional $$ - let's say total ~1.8-1.9M
- 2021/12 Close + Get the house
- 2021/1 List for  $2.3M

400K~$500K gain with $50K deposit for 6 months?

The house looks really nice from the outside. Big lot at the end of cul-desac and no neighbor on one side.
Does anyone know how much is IP selling Plan 3+ now?

Lots of people trying to see the house today. Who knows, it may get sold for 2.5M.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 09, 2022, 12:05:25 PM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!

Is there a contract preventing new owners to sell the Fresco home as soon as they get the key? 

So sounds like the timeline is:

- 2021/6  Sign contract + Lock price of ~$1.76M (?) + put 3%(?) deposit $50K
- 2021/6~12  Add upgrades which cost an additional $$ - let's say total ~1.8-1.9M
- 2021/12 Close + Get the house
- 2021/1 List for  $2.3M

400K~$500K gain with $50K deposit for 6 months?

The house looks really nice from the outside. Big lot at the end of cul-desac and no neighbor on one side.
Does anyone know how much is IP selling Plan 3+ now?

Lots of people trying to see the house today. Who knows, it may get sold for 2.5M.

There is no pic on Redfin. How upgrade is the home?
Maybe i should flip my corner lot model 3 too if this one is sold for $2.5 mil.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 09, 2022, 12:48:04 PM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)

Something just doesn’t add up here. This is a phase 7 lot. These guys just closed end of December. Didn’t know that the new owner can list it for sale immediately after closing. If true, then the profit may be a bit less than 500K, but the crazy thing is this profit is made in under a month. The counter starts ticking from when you had to make the down payment. The earnest money deposit held for 6 months is just chump change!

Is there a contract preventing new owners to sell the Fresco home as soon as they get the key? 

So sounds like the timeline is:

- 2021/6  Sign contract + Lock price of ~$1.76M (?) + put 3%(?) deposit $50K
- 2021/6~12  Add upgrades which cost an additional $$ - let's say total ~1.8-1.9M
- 2021/12 Close + Get the house
- 2021/1 List for  $2.3M

400K~$500K gain with $50K deposit for 6 months?

The house looks really nice from the outside. Big lot at the end of cul-desac and no neighbor on one side.
Does anyone know how much is IP selling Plan 3+ now?

Lots of people trying to see the house today. Who knows, it may get sold for 2.5M.

There is no pic on Redfin. How upgrade is the home?
Maybe i should flip my corner lot model 3 too if this one is sold for $2.5 mil.
No pic yet, but already a hot home on Redfin.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on January 09, 2022, 01:20:52 PM
I had an Australian buyer telling me about how new construction works there. Basically you go to a sales office with multiple builders and floor plans. You buy the empty plot and you can pick from 20 or so designs to be built on your plot.
That's like having so much choice! Wish they had something like that here but not possible due HOA and all that.  Come to think of it, here in CA as I know - The land is the most expensive part(150% of the dwelling), so in some ways it makes sense to give the buyers some flexibility in what plan they put in on their lot.

The builder I'm using in AZ will build your house on your lot (not in AZ but in other states). I think u might have to pick from their floorplans for the area.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 09, 2022, 04:11:05 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 09, 2022, 04:17:19 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.

Bluffs sales lady showed us the Wolf models to be swapped to, so I think it's pretty much already decided. For Bluffs, it would be starting from phase 22. We're phase 25, so we should be getting the change.

She also said that next phase, Bluffs 2 base price would increase $35k. It increased $35k from phase 24 to 25, then $20k from 25 to 26, and next one is $35k.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 09, 2022, 05:28:52 PM
Increasing interest rate seems to have no effect on IP when it comes to increasing prices. I think the buyers in Irvine are so financially well healed that if rates go upto 4% , there won't be much of a difference in demand.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 09, 2022, 05:34:17 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.
Semi Rlease could be just a way for the builder to gauge the market - are buyers really willing to pay the increased price, should we dial back or continue to increase prices?

And who knows - The 104 Parakeet Resale of new Fresco house may also prompted the builder to increase prices!
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 09, 2022, 06:53:21 PM
Increasing interest rate seems to have no effect on IP when it comes to increasing prices. I think the buyers in Irvine are so financially well healed that if rates go upto 4% , there won't be much of a difference in demand.
Too early to tell. It may continue to increase if lack of inventory continues. But if Fed gets too aggressive, it could crash the markets. Unless everyone is hoarding cash during this time, I believe it will have an impact in housing.
Title: Re: Fresco @ Eastwood Village
Post by: Sidehussle on January 10, 2022, 02:57:35 PM
We've discussed this. Per sales lady, the Fresco buyer is coming from the bay area - think big tech. They are not rate sensitive. Sell a couple more RSU's and decrease leverage to reduce any rate increase effect to the wallet.

Increasing interest rate seems to have no effect on IP when it comes to increasing prices. I think the buyers in Irvine are so financially well healed that if rates go upto 4% , there won't be much of a difference in demand.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 10, 2022, 03:31:11 PM
We've discussed this. Per sales lady, the Fresco buyer is coming from the bay area - think big tech. They are not rate sensitive. Sell a couple more RSU's and decrease leverage to reduce any rate increase effect to the wallet.

Increasing interest rate seems to have no effect on IP when it comes to increasing prices. I think the buyers in Irvine are so financially well healed that if rates go upto 4% , there won't be much of a difference in demand.

Well, their RSUs won't be worth as much also, seeing how tech stocks have dropped 10-15%.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 10, 2022, 08:10:00 PM
We've discussed this. Per sales lady, the Fresco buyer is coming from the bay area - think big tech. They are not rate sensitive. Sell a couple more RSU's and decrease leverage to reduce any rate increase effect to the wallet.

Increasing interest rate seems to have no effect on IP when it comes to increasing prices. I think the buyers in Irvine are so financially well healed that if rates go upto 4% , there won't be much of a difference in demand.


Well, their RSUs won't be worth as much also, seeing how tech stocks have dropped 10-15%.

I think it will not make so much of a difference. The tech folks buying in Irvine can easily weather such drops.They may have already amassed enough capital beyond their RSUs via diversification.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 10, 2022, 09:20:39 PM
We've discussed this. Per sales lady, the Fresco buyer is coming from the bay area - think big tech. They are not rate sensitive. Sell a couple more RSU's and decrease leverage to reduce any rate increase effect to the wallet.

Increasing interest rate seems to have no effect on IP when it comes to increasing prices. I think the buyers in Irvine are so financially well healed that if rates go upto 4% , there won't be much of a difference in demand.


Well, their RSUs won't be worth as much also, seeing how tech stocks have dropped 10-15%.

I think it will not make so much of a difference. The tech folks buying in Irvine can easily weather such drops.They may have already amassed enough capital beyond their RSUs via diversification.

That really depends. Are they the ones who move down here because they can't afford the Bay Area? Or are they buying investment property? If the former, then they may not have amassed as much capital as we may think. If the latter, then yeah.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 11, 2022, 06:13:30 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.

Bluffs sales lady showed us the Wolf models to be swapped to, so I think it's pretty much already decided. For Bluffs, it would be starting from phase 22. We're phase 25, so we should be getting the change.

She also said that next phase, Bluffs 2 base price would increase $35k. It increased $35k from phase 24 to 25, then $20k from 25 to 26, and next one is $35k.

I wouldn’t believe it when i see the email. KA is fine but Wolf would go well with my Sub-zero fridge.  What’s interesting is that they can get Wolf appliances but not KA since my fridge is going to take at least 6 months for delivery.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 11, 2022, 07:06:17 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.

Bluffs sales lady showed us the Wolf models to be swapped to, so I think it's pretty much already decided. For Bluffs, it would be starting from phase 22. We're phase 25, so we should be getting the change.

She also said that next phase, Bluffs 2 base price would increase $35k. It increased $35k from phase 24 to 25, then $20k from 25 to 26, and next one is $35k.

I wouldn’t believe it when i see the email. KA is fine but Wolf would go well with my Sub-zero fridge.  What’s interesting is that they can get Wolf appliances but not KA since my fridge is going to take at least 6 months for delivery.
If you get Wolf (which I think future phases will), consider yourself lucky. Current phase people at Fresco are getting LG signature for Range Top, mismatched with other appliances. Everything blamed on supply chain but not fair for buyers.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 11, 2022, 07:11:20 PM
I wouldn’t believe it when i see the email. KA is fine but Wolf would go well with my Sub-zero fridge.  What’s interesting is that they can get Wolf appliances but not KA since my fridge is going to take at least 6 months for delivery.

Bluffs sales lady is very cautious about telling/showing buyers things like this unless she's sure. That is why when we previously asked her about our position, our chance to be able to buy a home, etc., she told us that she couldn't give us an answer because it would be misleading and potentially disappointing. So when she told us last Sunday that they'd switch to Wolf, I believe her. And yes, we really wanted the Wolf appliances to go with our Sub-Zero fridge. My SZ fridge is taking 8 months.  :P

I think the delivery time for the fridge is probably because it's built-in. I don't know. I mean, KA doesn't even have it built-in fridges available on their website. And Jenn-Air only has one model available.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 11, 2022, 07:13:43 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.

Bluffs sales lady showed us the Wolf models to be swapped to, so I think it's pretty much already decided. For Bluffs, it would be starting from phase 22. We're phase 25, so we should be getting the change.

She also said that next phase, Bluffs 2 base price would increase $35k. It increased $35k from phase 24 to 25, then $20k from 25 to 26, and next one is $35k.

I wouldn’t believe it when i see the email. KA is fine but Wolf would go well with my Sub-zero fridge.  What’s interesting is that they can get Wolf appliances but not KA since my fridge is going to take at least 6 months for delivery.
If you get Wolf (which I think future phases will), consider yourself lucky. Current phase people at Fresco are getting LG signature for Range Top, mismatched with other appliances. Everything blamed on supply chain but not fair for buyers.

Over at Bluffs, phase 22 onwards (we're phase 25) are getting Wolf. She did say that they mentioned LG, but she pushed for Wolf. We're very happy they settled with Wolf.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 11, 2022, 07:30:07 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.

Bluffs sales lady showed us the Wolf models to be swapped to, so I think it's pretty much already decided. For Bluffs, it would be starting from phase 22. We're phase 25, so we should be getting the change.

She also said that next phase, Bluffs 2 base price would increase $35k. It increased $35k from phase 24 to 25, then $20k from 25 to 26, and next one is $35k.

I wouldn’t believe it when i see the email. KA is fine but Wolf would go well with my Sub-zero fridge.  What’s interesting is that they can get Wolf appliances but not KA since my fridge is going to take at least 6 months for delivery.
If you get Wolf (which I think future phases will), consider yourself lucky. Current phase people at Fresco are getting LG signature for Range Top, mismatched with other appliances. Everything blamed on supply chain but not fair for buyers.

IP rep told me that they only give you lg brand or whirlpool temporarily. Once they have the right brand available, they will replace it unless you say otherwise. You get to keep the old appliances or they stove away for you
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 11, 2022, 07:36:01 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.

Bluffs sales lady showed us the Wolf models to be swapped to, so I think it's pretty much already decided. For Bluffs, it would be starting from phase 22. We're phase 25, so we should be getting the change.

She also said that next phase, Bluffs 2 base price would increase $35k. It increased $35k from phase 24 to 25, then $20k from 25 to 26, and next one is $35k.

I wouldn’t believe it when i see the email. KA is fine but Wolf would go well with my Sub-zero fridge.  What’s interesting is that they can get Wolf appliances but not KA since my fridge is going to take at least 6 months for delivery.
If you get Wolf (which I think future phases will), consider yourself lucky. Current phase people at Fresco are getting LG signature for Range Top, mismatched with other appliances. Everything blamed on supply chain but not fair for buyers.

IP rep told me that they only give you lg brand or whirlpool temporarily. Once they have the right brand available, they will replace it unless you say otherwise. You get to keep the old appliances or they stove away for you
Nope, we were specifically told LG would be permanent. We are not happy about it and made it known. Hoping to hear back from IP on this.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on January 11, 2022, 07:43:24 PM
I wouldn’t believe it when i see the email. KA is fine but Wolf would go well with my Sub-zero fridge.  What’s interesting is that they can get Wolf appliances but not KA since my fridge is going to take at least 6 months for delivery.

Bluffs sales lady is very cautious about telling/showing buyers things like this unless she's sure. That is why when we previously asked her about our position, our chance to be able to buy a home, etc., she told us that she couldn't give us an answer because it would be misleading and potentially disappointing. So when she told us last Sunday that they'd switch to Wolf, I believe her. And yes, we really wanted the Wolf appliances to go with our Sub-Zero fridge. My SZ fridge is taking 8 months.  :P

I think the delivery time for the fridge is probably because it's built-in. I don't know. I mean, KA doesn't even have it built-in fridges available on their website. And Jenn-Air only has one model available.

Wolf is made by SubZero. I've always thought Wolf were superior to KA/Whirlpool etc.

What realtor puts in their listings KitchenAid Appliances!!!!! LOL! But you bet if there are Wolf appliances they will make sure to mention it in the listing.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 11, 2022, 07:46:22 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.

Bluffs sales lady showed us the Wolf models to be swapped to, so I think it's pretty much already decided. For Bluffs, it would be starting from phase 22. We're phase 25, so we should be getting the change.

She also said that next phase, Bluffs 2 base price would increase $35k. It increased $35k from phase 24 to 25, then $20k from 25 to 26, and next one is $35k.

I wouldn’t believe it when i see the email. KA is fine but Wolf would go well with my Sub-zero fridge.  What’s interesting is that they can get Wolf appliances but not KA since my fridge is going to take at least 6 months for delivery.
If you get Wolf (which I think future phases will), consider yourself lucky. Current phase people at Fresco are getting LG signature for Range Top, mismatched with other appliances. Everything blamed on supply chain but not fair for buyers.

IP rep told me that they only give you lg brand or whirlpool temporarily. Once they have the right brand available, they will replace it unless you say otherwise. You get to keep the old appliances or they stove away for you
Nope, we were specifically told LG would be permanent. We are not happy about it and made it known. Hoping to hear back from IP on this.

You should ask them to give you the right brand on the contract. Or at least give you refund on the price difference.  The agreement is KA unless both party agree with different brand.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 11, 2022, 07:50:38 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.

Bluffs sales lady showed us the Wolf models to be swapped to, so I think it's pretty much already decided. For Bluffs, it would be starting from phase 22. We're phase 25, so we should be getting the change.

She also said that next phase, Bluffs 2 base price would increase $35k. It increased $35k from phase 24 to 25, then $20k from 25 to 26, and next one is $35k.

I wouldn’t believe it when i see the email. KA is fine but Wolf would go well with my Sub-zero fridge.  What’s interesting is that they can get Wolf appliances but not KA since my fridge is going to take at least 6 months for delivery.
If you get Wolf (which I think future phases will), consider yourself lucky. Current phase people at Fresco are getting LG signature for Range Top, mismatched with other appliances. Everything blamed on supply chain but not fair for buyers.

IP rep told me that they only give you lg brand or whirlpool temporarily. Once they have the right brand available, they will replace it unless you say otherwise. You get to keep the old appliances or they stove away for you
Nope, we were specifically told LG would be permanent. We are not happy about it and made it known. Hoping to hear back from IP on this.

You should ask them to give you the right brand on the contract. Or at least give you refund on the price difference.  The agreement is KA unless both party agree with different brand.

I have asked. I have to see what the contract says...most likely in favor of the builder. They can easily claim LG is more expensive than KA, and not give us a dime! The mismatched brands is something I don’t like. Can't  do much I guess with Seller having leverage in this  market.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 11, 2022, 08:31:18 PM
I have asked. I have to see what the contract says...most likely in favor of the builder. They can easily claim LG is more expensive than KA, and not give us a dime! The mismatched brands is something I don’t like. Can't  do much I guess with Seller having leverage in this  market.

When we signed our reservation, she told us that they were moving from KA due to supply chain issue and that they will replace with a brand on par or better KA. LG is arguably better than KA. We thought it might be Jenn-Air, but were praying for Wolf. At least, we got what we wanted.  ;D

She did say that some homes did have temporary appliances, though.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on January 11, 2022, 09:21:52 PM
I have asked. I have to see what the contract says...most likely in favor of the builder. They can easily claim LG is more expensive than KA, and not give us a dime! The mismatched brands is something I don’t like. Can't  do much I guess with Seller having leverage in this  market.

When we signed our reservation, she told us that they were moving from KA due to supply chain issue and that they will replace with a brand on par or better KA. LG is arguably better than KA. We thought it might be Jenn-Air, but were praying for Wolf. At least, we got what we wanted.  ;D

She did say that some homes did have temporary appliances, though.

Whirlpool makes both JennAir and Kitchenaid.
Title: Re: Fresco @ Eastwood Village
Post by: box on January 12, 2022, 12:54:46 AM
How'd you all decide which Sub-Zero built-in fridge to get?

French door w/ freezer at bottom vs side-by-side vs the over-and-under (single fridge door)?

From what I can tell, the side-by-side gets you way more freezer space at the expense of less fridge space.

The over-and-under gets you the most overall space, with the negative that the big single door is only accessible from one side, and blocks the walkway when open.

I read in another thread that someone suggested not to get the version that has the in-door water dispenser or ice maker (because it takes up too much space), is that the conventional wisdom?

Do the $10K+ prices on these fridges include installation?
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 12, 2022, 01:37:59 AM
How'd you all decide which Sub-Zero built-in fridge to get?

French door w/ freezer at bottom vs side-by-side vs the over-and-under (single fridge door)?

From what I can tell, the side-by-side gets you way more freezer space at the expense of less fridge space.

The over-and-under gets you the most overall space, with the negative that the big single door is only accessible from one side, and blocks the walkway when open.

I read in another thread that someone suggested not to get the version that has the in-door water dispenser or ice maker (because it takes up too much space), is that the conventional wisdom?

Do the $10K+ prices on these fridges include installation?

It is personal preference. My wife chose side-by-side because she thinks it looks the best. I believe 2 out of 3 Ravello model homes use it. And you are correct that side-by-side sacrifices fridge space for more freezer space. Ideally, you would want more fridge space.

The over-and-under does give you more fridge space and more total space. However, we don't like the freezer space. It's like a huge basket. We like the arrangement of the side-by-side freezer.

The built-in refrigerators is already smaller than the normal refrigerators due to less depth, so having the in-door water dispenser would indeed take up too much space. But I believe they still come with the ice maker, though.

I was a bit too hasty when I bought mine (after hearing that it would take 8 months), so I didn't shop around and bought at Renwes, thinking they would do free delivery and installation since they're close by. So I will end up paying $350 for delivery, installation and haul away. Someone mentioned getting 10% credit from Pacific Sales. I should have negotiated the free installation, at least. Oh well.
Title: Re: Fresco @ Eastwood Village
Post by: akkord on January 12, 2022, 05:24:39 AM
How'd you all decide which Sub-Zero built-in fridge to get?

French door w/ freezer at bottom vs side-by-side vs the over-and-under (single fridge door)?

From what I can tell, the side-by-side gets you way more freezer space at the expense of less fridge space.

The over-and-under gets you the most overall space, with the negative that the big single door is only accessible from one side, and blocks the walkway when open.

I read in another thread that someone suggested not to get the version that has the in-door water dispenser or ice maker (because it takes up too much space), is that the conventional wisdom?

Do the $10K+ prices on these fridges include installation?

It is personal preference. My wife chose side-by-side because she thinks it looks the best. I believe 2 out of 3 Ravello model homes use it. And you are correct that side-by-side sacrifices fridge space for more freezer space. Ideally, you would want more fridge space.

The over-and-under does give you more fridge space and more total space. However, we don't like the freezer space. It's like a huge basket. We like the arrangement of the side-by-side freezer.

The built-in refrigerators is already smaller than the normal refrigerators due to less depth, so having the in-door water dispenser would indeed take up too much space. But I believe they still come with the ice maker, though.

I was a bit too hasty when I bought mine (after hearing that it would take 8 months), so I didn't shop around and bought at Renwes, thinking they would do free delivery and installation since they're close by. So I will end up paying $350 for delivery, installation and haul away. Someone mentioned getting 10% credit from Pacific Sales. I should have negotiated the free installation, at least. Oh well.

I'm pretty sure most people have a garage fridge and/or freezer.  I have a neighbor who has 2 garage fridges.  Get the nicer looking one for inside and store more in the garage from the costco trips.   ;D
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 12, 2022, 06:17:26 AM
How'd you all decide which Sub-Zero built-in fridge to get?

French door w/ freezer at bottom vs side-by-side vs the over-and-under (single fridge door)?

From what I can tell, the side-by-side gets you way more freezer space at the expense of less fridge space.

The over-and-under gets you the most overall space, with the negative that the big single door is only accessible from one side, and blocks the walkway when open.

I read in another thread that someone suggested not to get the version that has the in-door water dispenser or ice maker (because it takes up too much space), is that the conventional wisdom?

Do the $10K+ prices on these fridges include installation?

It is personal preference. My wife chose side-by-side because she thinks it looks the best. I believe 2 out of 3 Ravello model homes use it. And you are correct that side-by-side sacrifices fridge space for more freezer space. Ideally, you would want more fridge space.

The over-and-under does give you more fridge space and more total space. However, we don't like the freezer space. It's like a huge basket. We like the arrangement of the side-by-side freezer.

The built-in refrigerators is already smaller than the normal refrigerators due to less depth, so having the in-door water dispenser would indeed take up too much space. But I believe they still come with the ice maker, though.

I was a bit too hasty when I bought mine (after hearing that it would take 8 months), so I didn't shop around and bought at Renwes, thinking they would do free delivery and installation since they're close by. So I will end up paying $350 for delivery, installation and haul away. Someone mentioned getting 10% credit from Pacific Sales. I should have negotiated the free installation, at least. Oh well.

I'm pretty sure most people have a garage fridge and/or freezer.  I have a neighbor who has 2 garage fridges.  Get the nicer looking one for inside and store more in the garage from the costco trips.   ;D

Mine is SZ French Door w/o water dispenser.

I plan to bring my freezer and current fridge to the new house in the garage so storage space shouldnt be a problem.
Title: Re: Fresco @ Eastwood Village
Post by: akkord on January 12, 2022, 07:13:08 AM
I want an upright freezer too, but will wait awhile since prices are high and not many deals to be had. 

Also make sure they run the water line from the sink area for the fridge since that's where your RO will be at some point, then you get RO water/ice to your fridge too.  Get a bypass filter for the fridge and the pressure should be fine.  This should be standard, but I've seen some homes where the line to the fridge is separate from the sink waterline. 
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 12, 2022, 08:33:29 AM
I want an upright freezer too, but will wait awhile since prices are high and not many deals to be had. 

Also make sure they run the water line from the sink area for the fridge since that's where your RO will be at some point, then you get RO water/ice to your fridge too.  Get a bypass filter for the fridge and the pressure should be fine.  This should be standard, but I've seen some homes where the line to the fridge is separate from the sink waterline.

For Fresco Model 3, sink is pretty far from the fridge. Fridge location has its own water line and outlet. I actually paid $900 to have water line and outlet in the location for a specific fridge model.

I also got the RO and water softener options so there wont be any drilling on kitchen countertop or pipe cutting after COE.
Title: Re: Fresco @ Eastwood Village
Post by: box on January 12, 2022, 10:27:29 AM
I want an upright freezer too, but will wait awhile since prices are high and not many deals to be had. 

Also make sure they run the water line from the sink area for the fridge since that's where your RO will be at some point, then you get RO water/ice to your fridge too.  Get a bypass filter for the fridge and the pressure should be fine.  This should be standard, but I've seen some homes where the line to the fridge is separate from the sink waterline.

For Fresco Model 3, sink is pretty far from the fridge. Fridge location has its own water line and outlet. I actually paid $900 to have water line and outlet in the location for a specific fridge model.

I also got the RO and water softener options so there wont be any drilling on kitchen countertop or pipe cutting after COE.

I don't quite understand why they had to charge an extra $900 to locate a water line and outlet for a built-in fridge and provide the specific fridge model.

Don't regular fridges also need a water line and outlet behind the fridge? Is the power cable of a built-in fridge so short that the outlet has to be in a very specific location?  :o
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on January 12, 2022, 10:41:58 AM
Yes, everything has to be in a very specific spot and it varies by model. The kitchen cabinets are also not the same configuration if you are installing a built in fridge.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 12, 2022, 10:59:01 AM
I want an upright freezer too, but will wait awhile since prices are high and not many deals to be had. 

Also make sure they run the water line from the sink area for the fridge since that's where your RO will be at some point, then you get RO water/ice to your fridge too.  Get a bypass filter for the fridge and the pressure should be fine.  This should be standard, but I've seen some homes where the line to the fridge is separate from the sink waterline.

For Fresco Model 3, sink is pretty far from the fridge. Fridge location has its own water line and outlet. I actually paid $900 to have water line and outlet in the location for a specific fridge model.

I also got the RO and water softener options so there wont be any drilling on kitchen countertop or pipe cutting after COE.

I don't quite understand why they had to charge an extra $900 to locate a water line and outlet for a built-in fridge and provide the specific fridge model.

Don't regular fridges also need a water line and outlet behind the fridge? Is the power cable of a built-in fridge so short that the outlet has to be in a very specific location?  :o
Since there is only 25” depth for built-in fridge, lines have to be in exact locations. There is not a whole lot of room to play around.

w/o this option, builder puts both lines in standard location.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 12, 2022, 11:00:57 AM
I'm pretty sure most people have a garage fridge and/or freezer.  I have a neighbor who has 2 garage fridges.  Get the nicer looking one for inside and store more in the garage from the costco trips.   ;D

I told my wife that we could keep our old fridge as the garage fridge, but she refused. She said that she would just control her buying from the Costco trips.  ;D

Since we bought Bluffs 2, which doesn't have a driveway, so we have to park both cars in the garage, leaving no space for a garage fridge anyway.  :P
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 12, 2022, 11:06:01 AM
I want an upright freezer too, but will wait awhile since prices are high and not many deals to be had. 

Also make sure they run the water line from the sink area for the fridge since that's where your RO will be at some point, then you get RO water/ice to your fridge too.  Get a bypass filter for the fridge and the pressure should be fine.  This should be standard, but I've seen some homes where the line to the fridge is separate from the sink waterline.

For Fresco Model 3, sink is pretty far from the fridge. Fridge location has its own water line and outlet. I actually paid $900 to have water line and outlet in the location for a specific fridge model.

I also got the RO and water softener options so there wont be any drilling on kitchen countertop or pipe cutting after COE.

We also went with the RO and water softener options since it costs about the same as the EcoWater system that we got for our current home, for the exact same reason. Don't want to deal with drilling on the beautiful kitchen countertop after COE.

I'll make sure to ask whether or not they can run the water line from sink area to the fridge so that I could get filtered water for the fridge.
Title: Re: Fresco @ Eastwood Village
Post by: trematix on January 12, 2022, 11:42:55 AM
We preferred our own vendor for the Water Softener and RO. We just asked them to drill an extra hole near the sink. They charged us for it but they would do it.



I want an upright freezer too, but will wait awhile since prices are high and not many deals to be had. 

Also make sure they run the water line from the sink area for the fridge since that's where your RO will be at some point, then you get RO water/ice to your fridge too.  Get a bypass filter for the fridge and the pressure should be fine.  This should be standard, but I've seen some homes where the line to the fridge is separate from the sink waterline.

For Fresco Model 3, sink is pretty far from the fridge. Fridge location has its own water line and outlet. I actually paid $900 to have water line and outlet in the location for a specific fridge model.

I also got the RO and water softener options so there wont be any drilling on kitchen countertop or pipe cutting after COE.

We also went with the RO and water softener options since it costs about the same as the EcoWater system that we got for our current home, for the exact same reason. Don't want to deal with drilling on the beautiful kitchen countertop after COE.

I'll make sure to ask whether or not they can run the water line from sink area to the fridge so that I could get filtered water for the fridge.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 12, 2022, 11:59:44 AM
We preferred our own vendor for the Water Softener and RO. We just asked them to drill an extra hole near the sink. They charged us for it but they would do it.

We asked our design consultant if they could drill an extra hole near the sink and he said they wouldn't do it, so we just went with them. It's no big deal since it costs about the same.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 12, 2022, 03:18:22 PM
I thought new builds generally drill 3 holes on the countertop by default? One for the fixture, one for the dishwasher button, and one is capped for the RO system? At least that was what was included in my home.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 12, 2022, 04:17:32 PM
I thought new builds generally drill 3 holes on the countertop by default? One for the fixture, one for the dishwasher button, and one is capped for the RO system? At least that was what was included in my home.

I asked Soria lady and she said they wouldn't do it either. Also, a friend of mine bought Amara and it didn't come with an extra hole either.
Title: Re: Fresco @ Eastwood Village
Post by: cgs37 on January 12, 2022, 04:30:28 PM
+1 on IP not drilling an extra hole for us in kitchen countertop when we bought in Eastwood. We asked a few times.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on January 12, 2022, 04:59:56 PM
I thought new builds generally drill 3 holes on the countertop by default? One for the fixture, one for the dishwasher button, and one is capped for the RO system? At least that was what was included in my home.

I asked Soria lady and she said they wouldn't do it either. Also, a friend of mine bought Amara and it didn't come with an extra hole either.
wow. weird. maybe they were being generous with my build? so weird. i still find it hard to believe. my friends new build with Shea drills 3 holes.
Title: Re: Fresco @ Eastwood Village
Post by: akkord on January 13, 2022, 06:44:48 AM
There should be no issues drilling into the countertop, have had it done by third parties on 3 different countertops (Tile, Quartz, and Granite) and never had an issue.  I also prefer the dishwasher button under the sink, those buttons eventually collect water and slowly seems down.  As long as you're careful with water in that area shouldn't have a problem, but it's one extra thing to be careful of when doing the dishes.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 14, 2022, 01:52:09 PM
There should be no issues drilling into the countertop, have had it done by third parties on 3 different countertops (Tile, Quartz, and Granite) and never had an issue.  I also prefer the dishwasher button under the sink, those buttons eventually collect water and slowly seems down.  As long as you're careful with water in that area shouldn't have a problem, but it's one extra thing to be careful of when doing the dishes.
Yes it looks pretty straight forward drilling a big hole from those youtube videos but i would be very nervous doing it especially so close to the edge of the slab. I’ll leave it to the the builder contractor. If it cracks few months after for some reasons, builder cant blame me.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 17, 2022, 11:01:15 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.
Semi Rlease could be just a way for the builder to gauge the market - are buyers really willing to pay the increased price, should we dial back or continue to increase prices?

And who knows - The 104 Parakeet Resale of new Fresco house may also prompted the builder to increase prices!

Looks like 104 Parakeet has been sold according to comment on youtube using google translate.

Title: Re: Fresco @ Eastwood Village
Post by: The California Court Company on January 17, 2022, 11:59:50 PM
Agent advertised big yard...is it really big by Irvine new build standards? looks quite tiny actually

Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.
Semi Rlease could be just a way for the builder to gauge the market - are buyers really willing to pay the increased price, should we dial back or continue to increase prices?

And who knows - The 104 Parakeet Resale of new Fresco house may also prompted the builder to increase prices!

Looks like 104 Parakeet has been sold according to comment on youtube using google translate.

Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 18, 2022, 12:45:07 AM
Agent advertised big yard...is it really big by Irvine new build standards? looks quite tiny actually

Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.
Semi Rlease could be just a way for the builder to gauge the market - are buyers really willing to pay the increased price, should we dial back or continue to increase prices?

And who knows - The 104 Parakeet Resale of new Fresco house may also prompted the builder to increase prices!

Looks like 104 Parakeet has been sold according to comment on youtube using google translate.


The width of one side makes the yard quite big actually. It's how Highland 2 with 7 ft to the back wall still turned into Highland 2X. The Highland 2 with the exact same distance to the back wall is 3588 sq ft lot, but the 2X is 4048 sq ft lot, almost 500 sq ft more. Only because it's wider.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on January 18, 2022, 08:06:03 AM
Agent advertised big yard...is it really big by Irvine new build standards? looks quite tiny actually

Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.
Semi Rlease could be just a way for the builder to gauge the market - are buyers really willing to pay the increased price, should we dial back or continue to increase prices?

And who knows - The 104 Parakeet Resale of new Fresco house may also prompted the builder to increase prices!

Looks like 104 Parakeet has been sold according to comment on youtube using google translate.


The width of one side makes the yard quite big actually. It's how Highland 2 with 7 ft to the back wall still turned into Highland 2X. The Highland 2 with the exact same distance to the back wall is 3588 sq ft lot, but the 2X is 4048 sq ft lot, almost 500 sq ft more. Only because it's wider.

The good thing about Fresco in the earlier phases was that most lots were 4800 sqt on average , which probably is big for new homes in Irvine. The current phases have it 3900 on average, with a couple of large ones(5500-6500) at the corners(not regular shaped).
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 20, 2022, 08:55:30 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.

Bluffs sales lady showed us the Wolf models to be swapped to, so I think it's pretty much already decided. For Bluffs, it would be starting from phase 22. We're phase 25, so we should be getting the change.

She also said that next phase, Bluffs 2 base price would increase $35k. It increased $35k from phase 24 to 25, then $20k from 25 to 26, and next one is $35k.

I wouldn’t believe it when i see the email. KA is fine but Wolf would go well with my Sub-zero fridge.  What’s interesting is that they can get Wolf appliances but not KA since my fridge is going to take at least 6 months for delivery.

I talked to Bluffs sales lady today. She told me there would be no official email or anything. She said whatever the sales reps are willing to share with buyers is coming from management, so that's as official as it gets. Basically, she shared with us the exact models of each appliance and even let my wife take pictures of the specs and model of each appliance.

For Bluffs/Highland,

Cooktop, oven, and microwave are Wolf.
Dishwasher is Asko. Surprisingly, it's not Cove.
Range hood is BEST.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on January 20, 2022, 09:51:47 PM
Stopped by the Fresco model homes today for upgrade ideas. I talked to a sale rep about release and appliances. Good news and bad news.

Good news: 80% they will substitute Wolf appliances instead of KA because of supply issues.  Nothing sets in stone yet.  They will send out letters if it’s official.

Here is the bad news: next phrase pricing is out and will be emailed next week. Base price will be increased 50-100k depend on the model. IP will also release the semi phrase (3 homes at a time) instead of full phrase due to labor shortage.

Bluffs sales lady showed us the Wolf models to be swapped to, so I think it's pretty much already decided. For Bluffs, it would be starting from phase 22. We're phase 25, so we should be getting the change.

She also said that next phase, Bluffs 2 base price would increase $35k. It increased $35k from phase 24 to 25, then $20k from 25 to 26, and next one is $35k.

I wouldn’t believe it when i see the email. KA is fine but Wolf would go well with my Sub-zero fridge.  What’s interesting is that they can get Wolf appliances but not KA since my fridge is going to take at least 6 months for delivery.

I talked to Bluffs sales lady today. She told me there would be no official email or anything. She said whatever the sales reps are willing to share with buyers is coming from management, so that's as official as it gets. Basically, she shared with us the exact models of each appliance and even let my wife take pictures of the specs and model of each appliance.

For Bluffs/Highland,

Cooktop, oven, and microwave are Wolf.
Dishwasher is Asko. Surprisingly, it's not Cove.
Range hood is BEST.

Good to know. Do you know the model number for each?

I plan to take a walk from my home to visit the new home site this weekend. Maybe i’ll stop by the office to ask if they are not busy.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on January 20, 2022, 10:20:47 PM
I talked to Bluffs sales lady today. She told me there would be no official email or anything. She said whatever the sales reps are willing to share with buyers is coming from management, so that's as official as it gets. Basically, she shared with us the exact models of each appliance and even let my wife take pictures of the specs and model of each appliance.

For Bluffs/Highland,

Cooktop, oven, and microwave are Wolf.
Dishwasher is Asko. Surprisingly, it's not Cove.
Range hood is BEST.

Good to know. Do you know the model number for each?

I plan to take a walk from my home to visit the new home site this weekend. Maybe i’ll stop by the office to ask if they are not busy.

I can't speak for Fresco, but for Bluffs (and probably Highland too):

Wolf 36" professional gas cooktop - 5 burners, model CG365P/S
Wolf 30" E series professional built-in single oven, model SO3050PE/S/P
Wolf 24" standard microwave oven, model MS24
Asko 24" dishwasher - pro handle, model 30 series DBI663PHS
BEST classic 10" pro-style range hood, model UP26 series
Title: Re: Fresco @ Eastwood Village
Post by: huuur on February 03, 2022, 05:01:42 PM
Haven't got any emails from Fresco sales office in Jan 2022 - do they stop emailing people on waitlist or they only email people on very top of the list now?
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 03, 2022, 07:10:52 PM
Haven't got any emails from Fresco sales office in Jan 2022 - do they stop emailing people on waitlist or they only email people on very top of the list now?

Have you responded back to their emails that you are still interested? If you don’t within 2 weeks, they will drop you off the list.  Last time I talked to Rep 3 weeks ago, they were releasing semi phrase 14 (3 homes only with base price 50-100k increase).
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on February 03, 2022, 07:15:34 PM
Haven't got any emails from Fresco sales office in Jan 2022 - do they stop emailing people on waitlist or they only email people on very top of the list now?

Have you responded back to their emails that you are still interested? If you don’t within 2 weeks, they will drop you off the list.  Last time I talked to Rep 3 weeks ago, they were releasing semi phrase 14 (3 homes only with base price 50-100k increase).

I don't know how it works at Fresco, but over at Bluffs/Highland, if you don't respond to their email (to tell them that you defer) two consecutive times, you get drop from the waitlist.

I never actually got an any email for a purchase opportunity. It just so happened that someone backed out on Bluffs 2 and I cut in at the right time.  ;D
Title: Re: Fresco @ Eastwood Village
Post by: huuur on February 03, 2022, 08:15:07 PM
I have received emails in Dec with information about phase 13 - we replied.

But didn't receive emails for phase 14 - my guess is it is getting so hot that they only email a few people on the top of the list now
Title: Re: Fresco @ Eastwood Village
Post by: IrvineForever on February 03, 2022, 08:17:40 PM
How’s your timeline coming along….have they been keeping their closed date or keep pushing?
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 03, 2022, 10:05:19 PM
How’s your timeline coming along….have they been keeping their closed date or keep pushing?

So far it’s pretty much on track. They even moved the closing date a week earlier in May.

6 homes went from just concrete foundation to full frame with the roof in a matter of 3-4 weeks.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on February 03, 2022, 10:33:58 PM
How’s your timeline coming along….have they been keeping their closed date or keep pushing?

So far it’s pretty much on track. They even moved the closing date a week earlier in May.

6 homes went from just concrete foundation to full frame with the roof in a matter of 3-4 weeks.

IP is building too fast...watch out for quality of build. Builders want to take advantage of the market. Those so called semi releases are a way to gauge the market and increase prices on homes with a smaller batch.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on February 03, 2022, 10:37:02 PM
How’s your timeline coming along….have they been keeping their closed date or keep pushing?

So far it’s pretty much on track. They even moved the closing date a week earlier in May.

6 homes went from just concrete foundation to full frame with the roof in a matter of 3-4 weeks.

IP is building too fast...watch out for quality of build. Builders want to take advantage of the market. Those so called semi releases are a way to gauge the market and increase prices on homes with a smaller batch.

I think OH4 will come up ahead of schedule, homes may get sold in OH4 even before Models go up :)
Title: Re: Fresco @ Eastwood Village
Post by: linus on February 05, 2022, 10:28:36 AM
Just looked at the price sheet for the latest phase in Eastwood and notice the Plan 3X has gone up by $150k compared to last phase…both lots are on the same street, identical size and both are not corner lots, etc.  Congrats to the buyers who bought in last phase and make a huge profit in such short period
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 05, 2022, 10:44:01 AM
Just looked at the price sheet for the latest phase in Eastwood and notice the Plan 3X has gone up by $150k compared to last phase…both lots are on the same street, identical size and both are not corner lots, etc.  Congrats to the buyers who bought in last phase and make a huge profit in such short period

I had a choice between corner lot 3x French vs non corner lot 3x Tuscan. It was a no brainer for us to select corner one for $10k more.

Can you upload the latest price sheet? Thanks
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on February 05, 2022, 12:23:13 PM
Just looked at the price sheet for the latest phase in Eastwood and notice the Plan 3X has gone up by $150k compared to last phase…both lots are on the same street, identical size and both are not corner lots, etc.  Congrats to the buyers who bought in last phase and make a huge profit in such short period

I had a choice between corner lot 3x French vs non corner lot 3x Tuscan. It was a no brainer for us to select corner one for $10k more.

Can you upload the latest price sheet? Thanks

Usually, Tuscan elevation has a $5k to $15k premium (Bluffs 1 Tuscan is $15k and Bluffs 2 Tuscan is $5k), so the corner lot premium is probably more than $10k. But it's still worth it for a corner lot.
Title: Re: Fresco @ Eastwood Village
Post by: linus on February 05, 2022, 04:58:51 PM
Just looked at the price sheet for the latest phase in Eastwood and notice the Plan 3X has gone up by $150k compared to last phase…both lots are on the same street, identical size and both are not corner lots, etc.  Congrats to the buyers who bought in last phase and make a huge profit in such short period

I had a choice between corner lot 3x French vs non corner lot 3x Tuscan. It was a no brainer for us to select corner one for $10k more.

Can you upload the latest price sheet? Thanks

For your reference, prices in Phase 14 so far as follows, Plan 1X is $1.67M (Conservatory optional), Plan 2X is $1.87M (Conservatory included) and Plan 3X is $1.948M (No conservatory)
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 05, 2022, 05:38:21 PM
Just looked at the price sheet for the latest phase in Eastwood and notice the Plan 3X has gone up by $150k compared to last phase…both lots are on the same street, identical size and both are not corner lots, etc.  Congrats to the buyers who bought in last phase and make a huge profit in such short period

I had a choice between corner lot 3x French vs non corner lot 3x Tuscan. It was a no brainer for us to select corner one for $10k more.

Can you upload the latest price sheet? Thanks

For your reference, prices in Phase 14 so far as follows, Plan 1X is $1.67M (Conservatory optional), Plan 2X is $1.87M (Conservatory included) and Plan 3X is $1.948M (No conservatory)
That’s crazy. From phrase 12 to 14, 3x went up around $200k.  So glad we didnt defer our turn in phrase 12 for Model 1x.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 19, 2022, 10:20:21 PM
Does anyone know if IP offers 1 year walk through to fix certain things after 1 year COE like some builders?

Thanks,
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on February 20, 2022, 10:30:37 PM
Does anyone know if IP offers 1 year walk through to fix certain things after 1 year COE like some builders?

Thanks,

Any cracks wider than a hairline at the interior or exterior due to the house settling in they will address at the 1 year mark. They also offer a move in touch up 1 month after moving in.
Title: Re: Fresco @ Eastwood Village
Post by: cgs37 on February 21, 2022, 03:08:03 PM
Does anyone know if IP offers 1 year walk through to fix certain things after 1 year COE like some builders?

Thanks,

Yes. They did for my home. Eg of things they fixed for me over the course of a year: cabinet issues, countertop chip in a bathroom, touch up paint (think they just offer this one time, so we did it towards end of year 1)
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 23, 2022, 06:46:11 PM
We just did stage 4 upgrades today which includes engineer wood floor, upgrade carpets, upgrade tiles for all bathrooms, powder and laundry, split plantation shutters for all windows except kitchen windows which gets Hunter Douglas blind. 

Few things worth mentioned:
- Wolf appliances is confirmed.
- Discount for model 3x flooring upgrade increases to $3200. Pocket change for what we pay for the upgrades 😀.
- IP designer would not give me blueprint of the house  but allowed me to take screenshots.



Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on February 23, 2022, 06:59:36 PM
We just did stage 4 upgrades today which includes engineer wood floor, upgrade carpets, upgrade tiles for all bathrooms, powder and laundry, split plantation shutters for all windows except kitchen windows which gets Hunter Douglas blind. 

Few things worth mentioned:
- Wolf appliances is confirmed.
- Discount for 3x flooring upgrade increases to $3200. Pocket change for what we pay for the upgrades 😀.
- IP designer would mot give me blueprint of the house  but allow me to take screenshots.

Was it changed from $2719 to $3200? Did you get any agreement allowance?

When we did our stage 4 upgrades, we upgraded all downstairs, plus upstairs bathrooms and laundry room to 24"x24" polished porcelain, and stairs and all upstairs to LVP. Total for flooring was ~$48k, but with the discount and allowance, it came down to ~$41k.

We did basswood shutters for all the windows except big windows in master bed and bedroom 2 (which opens to juliet balcony) and the sliding doors in dining room and great room. We did the Lutron roller shades for the sliders.

All in all, we spent a lot on stage 4. Our total for all the upgrades was about $135k. We really did upgrade everything.  :P
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 23, 2022, 08:04:37 PM
We just did stage 4 upgrades today which includes engineer wood floor, upgrade carpets, upgrade tiles for all bathrooms, powder and laundry, split plantation shutters for all windows except kitchen windows which gets Hunter Douglas blind. 

Few things worth mentioned:
- Wolf appliances is confirmed.
- Discount for 3x flooring upgrade increases to $3200. Pocket change for what we pay for the upgrades 😀.
- IP designer would mot give me blueprint of the house  but allow me to take screenshots.

Was it changed from $2719 to $3200? Did you get any agreement allowance?

When we did our stage 4 upgrades, we upgraded all downstairs, plus upstairs bathrooms and laundry room to 24"x24" polished porcelain, and stairs and all upstairs to LVP. Total for flooring was ~$48k, but with the discount and allowance, it came down to ~$41k.

We did basswood shutters for all the windows except big windows in master bed and bedroom 2 (which opens to juliet balcony) and the sliding doors in dining room and great room. We did the Lutron roller shades for the sliders.

All in all, we spent a lot on stage 4. Our total for all the upgrades was about $135k. We really did upgrade everything.  :P

It went from $2900 to $3200.

We did all upstair and stair with low nylon carpet. Our current home has wood stair and my son fell on it several time so we decided to go with carpet. Hardwood floor for entire downstair except powder and master suit bath took a big bite out of our pocket.  Upgrading all bathroom tiles are not too bad 😀.

Since IP doesnt provide drapery, we will go with outside vendor for drapery for 2 three panel sliding doors, downstair master suit big window, upstair master suite big window.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on February 24, 2022, 01:33:28 AM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)


Looks like the Fresco sales office finally caught up with the resale market value. Floor plan 3 witnessed a very steep price hike of $ 260K on 2 steps across the span of 2 months. Starting with a phase 13 base price of 1.8M around mid Dec then a 150K pump for phase 14b, shortly followed by another 110K pump for phase 14c. No floor plan 3 was offered in phase 14a. Now when you add the design center upgrades to the base price of 2.166M, you get the 2.3M asking of 104 Parakeet and IP is made whole again !
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on February 24, 2022, 01:51:35 AM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)


Looks like the Fresco sales office finally caught up with the resale market value. Floor plan 3 witnessed a very steep price hike of $ 370K on 2 steps across the span of 2 months. Starting with a phase 13 base price of 1.8M around mid Dec then a 160K pump for phase 14b, shortly followed by another 210K pump for phase 14c. No floor plan 3 was offered in phase 14a. Now when you add the design center upgrades to the base price of 2.166M, you get the 2.3M asking of 104 Parakeet and IP is made whole again !

Are you sure that phase 14c doesn't already include pre-selected upgrades up to stage 3? Or possibly even stage 4? A co-worker of mine bought floorplan 2 (with conservatory and loft) in January and he was already past stage 2 cutoff. Danimal just did his stage 4 upgrade yesterday, so it's possible that phase 14c is also past stage 4 cutoff.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on February 24, 2022, 02:25:57 AM
Skip the waiting lists and bid on this brand new Fresco build - https://www.redfin.com/CA/Irvine/104-Parakeet-92602/home/177849309

Owner probably got it at a very low price (guessing 1.6 Million) since this lot was released in very early part of 2021 when Fresco sales were yet to pick up. Eyeing over 500K profit in a year.

Let's see if the listing agent will chime in like what happened with the Helena Resale at EW  :)


Looks like the Fresco sales office finally caught up with the resale market value. Floor plan 3 witnessed a very steep price hike of $ 370K on 2 steps across the span of 2 months. Starting with a phase 13 base price of 1.8M around mid Dec then a 160K pump for phase 14b, shortly followed by another 210K pump for phase 14c. No floor plan 3 was offered in phase 14a. Now when you add the design center upgrades to the base price of 2.166M, you get the 2.3M asking of 104 Parakeet and IP is made whole again !

Are you sure that phase 14c doesn't already include pre-selected upgrades up to stage 3? Or possibly even stage 4? A co-worker of mine bought floorplan 2 (with conservatory and loft) in January and he was already past stage 2 cutoff. Danimal just did his stage 4 upgrade yesterday, so it's possible that phase 14c is also past stage 4 cutoff.

I know that for the Fresco extension phases, floor plan 3 doesn’t entertain a conservatory option. The extension lots are much smaller and the setback won’t allow it. The only exception to this rule are a couple of premium larger lots that are yet to come in future phases. The price sheet mentions a bonus room is included, but so does 104 Parakeet. Other than that not sure what later stage upgrades are included. I spoke with the sales office last month and they mentioned they are aware of the 104 Parakeet asking price without me mentioning it. I’m sure it had some sway on their pricing.

P.S. I adjusted the second hike in the OP to reflect the bonus room upgrade
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on February 24, 2022, 10:57:08 AM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 24, 2022, 12:36:06 PM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it’s in a T-bone location. Not good for fengshui.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on February 24, 2022, 01:28:43 PM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it’s in a T-bone location. Not good for fengshui.

Why are all the good ones in a T-junction? lol

I was offered Highland 1 with decent lot size and privacy, but it was in a T-junction. I guess that's the reason people in front of me passed on it.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on February 24, 2022, 03:06:37 PM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it’s in a T-bone location. Not good for fengshui.

Not good for Vastu (indian system of Architecture) as well.
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on February 24, 2022, 03:34:49 PM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it’s in a T-bone location. Not good for fengshui.

Not good for Vastu (indian system of Architecture) as well.

T-intersections are a universal negative.
Title: Re: Fresco @ Eastwood Village
Post by: linus on February 24, 2022, 07:37:27 PM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it’s in a T-bone location. Not good for fengshui.

Not good for Vastu (indian system of Architecture) as well.

T-intersections are a universal negative.

Is it considered a t-bone location when it's just at a 90 degree turn of the street?  Lot location alone is pretty desirable as it's adjacent to the trail so there're only neighbors on 1 side and the back, it's unfortunate it has super short driveway (no parking allowed).  And if it goes for 2.5M, it'll set a new benchmark(?) as plan 4 is not even 2100 sqft, $2.5M would translate to ~$1200 / sqft?

On a different topic, Plan 2X (w/ bonus room and conservatory room) is now $2.11M, Plan 3X (w/ bonus room but no conservatory room) is now $2.17M in the latest price sheet, and they're saving that single-story Plan 4 for the next sub-phase.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 24, 2022, 07:48:45 PM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it’s in a T-bone location. Not good for fengshui.

Not good for Vastu (indian system of Architecture) as well.

T-intersections are a universal negative.

Is it considered a t-bone location when it's just at a 90 degree turn of the street?  Lot location alone is pretty desirable as it's adjacent to the trail so there're only neighbors on 1 side and the back, it's unfortunate it has super short driveway (no parking allowed).  And if it goes for 2.5M, it'll set a new benchmark(?) as plan 4 is not even 2100 sqft, $2.5M would translate to ~$1200 / sqft?

On a different topic, Plan 2X (w/ bonus room and conservatory room) is now $2.11M, Plan 3X (w/ bonus room but no conservatory room) is now $2.17M in the latest price sheet, and they're saving that single-story Plan 4 for the next sub-phase.

What phrase is this? 14b?
Title: Re: Fresco @ Eastwood Village
Post by: linus on February 24, 2022, 08:12:50 PM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it’s in a T-bone location. Not good for fengshui.

Not good for Vastu (indian system of Architecture) as well.

T-intersections are a universal negative.

Is it considered a t-bone location when it's just at a 90 degree turn of the street?  Lot location alone is pretty desirable as it's adjacent to the trail so there're only neighbors on 1 side and the back, it's unfortunate it has super short driveway (no parking allowed).  And if it goes for 2.5M, it'll set a new benchmark(?) as plan 4 is not even 2100 sqft, $2.5M would translate to ~$1200 / sqft?

On a different topic, Plan 2X (w/ bonus room and conservatory room) is now $2.11M, Plan 3X (w/ bonus room but no conservatory room) is now $2.17M in the latest price sheet, and they're saving that single-story Plan 4 for the next sub-phase.

What phrase is this? 14b?
The Plan 2X and 3X are in 14c, and the Plan 4 will be in 14d
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 24, 2022, 08:24:21 PM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it’s in a T-bone location. Not good for fengshui.

Not good for Vastu (indian system of Architecture) as well.

T-intersections are a universal negative.

Is it considered a t-bone location when it's just at a 90 degree turn of the street?  Lot location alone is pretty desirable as it's adjacent to the trail so there're only neighbors on 1 side and the back, it's unfortunate it has super short driveway (no parking allowed).  And if it goes for 2.5M, it'll set a new benchmark(?) as plan 4 is not even 2100 sqft, $2.5M would translate to ~$1200 / sqft?

On a different topic, Plan 2X (w/ bonus room and conservatory room) is now $2.11M, Plan 3X (w/ bonus room but no conservatory room) is now $2.17M in the latest price sheet, and they're saving that single-story Plan 4 for the next sub-phase.

What phrase is this? 14b?
The Plan 2X and 3X are in 14c, and the Plan 4 will be in 14d

That is some steep price for 2x and 3x. Buyers on waitlist are getting priced out if any of these 2 is still available.
Title: Re: Fresco @ Eastwood Village
Post by: linus on February 24, 2022, 09:12:30 PM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it’s in a T-bone location. Not good for fengshui.

Not good for Vastu (indian system of Architecture) as well.

T-intersections are a universal negative.

Is it considered a t-bone location when it's just at a 90 degree turn of the street?  Lot location alone is pretty desirable as it's adjacent to the trail so there're only neighbors on 1 side and the back, it's unfortunate it has super short driveway (no parking allowed).  And if it goes for 2.5M, it'll set a new benchmark(?) as plan 4 is not even 2100 sqft, $2.5M would translate to ~$1200 / sqft?

On a different topic, Plan 2X (w/ bonus room and conservatory room) is now $2.11M, Plan 3X (w/ bonus room but no conservatory room) is now $2.17M in the latest price sheet, and they're saving that single-story Plan 4 for the next sub-phase.

What phrase is this? 14b?
The Plan 2X and 3X are in 14c, and the Plan 4 will be in 14d

That is some steep price for 2x and 3x. Buyers on waitlist are getting priced out if any of these 2 is still available.

The pre-selected bonus room upgrade in both plans accounted for a good portion of the price increase, if we subtract that out ($90k for Plan 2X and $110k for Plan 3X), the price increase may be slightly more sensible
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on February 24, 2022, 09:28:25 PM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it’s in a T-bone location. Not good for fengshui.

Not good for Vastu (indian system of Architecture) as well.

T-intersections are a universal negative.

Is it considered a t-bone location when it's just at a 90 degree turn of the street?  Lot location alone is pretty desirable as it's adjacent to the trail so there're only neighbors on 1 side and the back, it's unfortunate it has super short driveway (no parking allowed).  And if it goes for 2.5M, it'll set a new benchmark(?) as plan 4 is not even 2100 sqft, $2.5M would translate to ~$1200 / sqft?

On a different topic, Plan 2X (w/ bonus room and conservatory room) is now $2.11M, Plan 3X (w/ bonus room but no conservatory room) is now $2.17M in the latest price sheet, and they're saving that single-story Plan 4 for the next sub-phase.

What phrase is this? 14b?
The Plan 2X and 3X are in 14c, and the Plan 4 will be in 14d

That is some steep price for 2x and 3x. Buyers on waitlist are getting priced out if any of these 2 is still available.

The pre-selected bonus room upgrade in both plans accounted for a good portion of the price increase, if we subtract that out ($90k for Plan 2X and $110k for Plan 3X), the price increase may be slightly more sensible

Didn't the previous release also have the pre-selected bonus room for 2X, plus conservatory? A co-worker of mine bought 2X with bonus room and conservatory back in January (not sure what phase that was) for almost $1.9M.
Title: Re: Fresco @ Eastwood Village
Post by: linus on February 24, 2022, 09:43:39 PM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it’s in a T-bone location. Not good for fengshui.

Not good for Vastu (indian system of Architecture) as well.

T-intersections are a universal negative.

Is it considered a t-bone location when it's just at a 90 degree turn of the street?  Lot location alone is pretty desirable as it's adjacent to the trail so there're only neighbors on 1 side and the back, it's unfortunate it has super short driveway (no parking allowed).  And if it goes for 2.5M, it'll set a new benchmark(?) as plan 4 is not even 2100 sqft, $2.5M would translate to ~$1200 / sqft?

On a different topic, Plan 2X (w/ bonus room and conservatory room) is now $2.11M, Plan 3X (w/ bonus room but no conservatory room) is now $2.17M in the latest price sheet, and they're saving that single-story Plan 4 for the next sub-phase.

What phrase is this? 14b?
The Plan 2X and 3X are in 14c, and the Plan 4 will be in 14d

That is some steep price for 2x and 3x. Buyers on waitlist are getting priced out if any of these 2 is still available.

The pre-selected bonus room upgrade in both plans accounted for a good portion of the price increase, if we subtract that out ($90k for Plan 2X and $110k for Plan 3X), the price increase may be slightly more sensible

Didn't the previous release also have the pre-selected bonus room for 2X, plus conservatory? A co-worker of mine bought 2X with bonus room and conservatory back in January (not sure what phase that was) for almost $1.9M.

I don't think so, the plan 2x in 14a has conservatory but no bonus room, goes from 26xx sqft in 14a to 29xx sqft in 14c, and the plan 3x in 14b has no conservatory nor bonus, goes from 26xx sqft in 14b to 30xx sqft in 14c
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on February 24, 2022, 11:42:51 PM
btw, Fresco will have 1 single level unit - Fresco Plan4 !  That may go for 2.5M I am guessing .

I love single story home. I thought about waiting for this one but it’s in a T-bone location. Not good for fengshui.


Not good for Vastu (indian system of Architecture) as well.

T-intersections are a universal negative.

Is it considered a t-bone location when it's just at a 90 degree turn of the street?  Lot location alone is pretty desirable as it's adjacent to the trail so there're only neighbors on 1 side and the back, it's unfortunate it has super short driveway (no parking allowed).  And if it goes for 2.5M, it'll set a new benchmark(?) as plan 4 is not even 2100 sqft, $2.5M would translate to ~$1200 / sqft?

On a different topic, Plan 2X (w/ bonus room and conservatory room) is now $2.11M, Plan 3X (w/ bonus room but no conservatory room) is now $2.17M in the latest price sheet, and they're saving that single-story Plan 4 for the next sub-phase.
Single Level Homes are always much higher priced per sqt compared to two-level. So, even if its only 2100 SQt, it's pricing will be different.  No wasted space in single level.
Title: Re: Fresco @ Eastwood Village
Post by: huuur on February 25, 2022, 10:59:53 AM
Can anyone paste the price for 14c?

for 14b,
plan 1, 2213 sqft = 1.67M
plan 2, 2639 sqft = 1.87M (conservartory included)
plan 3,2638 sqft = 1.948M

Given the steep price increase and higher interest rate since December, I am not sure it is worth buying anymore even if we get a call... 
 
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 25, 2022, 12:34:48 PM
Can anyone paste the price for 14c?

for 14b,
plan 1, 2213 sqft = 1.67M
plan 2, 2639 sqft = 1.87M (conservartory included)
plan 3,2638 sqft = 1.948M

Given the steep price increase and higher interest rate since December, I am not sure it is worth buying anymore even if we get a call...

That model 3 price is w/o loft. Adding a loft will cost $110k

Have they called your turn yet?
Title: Re: Fresco @ Eastwood Village
Post by: huuur on February 25, 2022, 12:52:12 PM
no... now they release one phase in 4 batches - they told us they only email a few each time
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 25, 2022, 02:22:28 PM
Can anyone paste the price for 14c?

for 14b,
plan 1, 2213 sqft = 1.67M
plan 2, 2639 sqft = 1.87M (conservartory included)
plan 3,2638 sqft = 1.948M

Given the steep price increase and higher interest rate since December, I am not sure it is worth buying anymore even if we get a call...

Someone quoted the prices for 14c  couple of posts above:
—————
On a different topic, Plan 2X (w/ bonus room and conservatory room) is now $2.11M, Plan 3X (w/ bonus room but no conservatory room) is now $2.17M in the latest price sheet, and they're saving that single-story Plan 4 for the next sub-phase.
Title: Re: Fresco @ Eastwood Village
Post by: The California Court Company on February 25, 2022, 05:02:57 PM
anywhere I can find floor plan for Plan 4?
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on February 25, 2022, 05:28:11 PM
I'm also interested in seeing floorplan for Plan 4. It's not available on their website and there's no model home.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 25, 2022, 05:54:29 PM
I'm also interested in seeing floorplan for Plan 4. It's not available on their website and there's no model home.

Here you go:
https://ibb.co/nR2b4cH
Title: Re: Fresco @ Eastwood Village
Post by: The California Court Company on February 25, 2022, 06:09:49 PM
brand new single story detached house in a desirable village in Irvine (with drive way and normal streets?), it is going to be an unicorn and can be worth +40% premium due to the scarcity.
Title: Re: Fresco @ Eastwood Village
Post by: OCPricedOut on February 25, 2022, 06:10:53 PM
We just did stage 4 upgrades today which includes engineer wood floor, upgrade carpets, upgrade tiles for all bathrooms, powder and laundry, split plantation shutters for all windows except kitchen windows which gets Hunter Douglas blind. 

Few things worth mentioned:
- Wolf appliances is confirmed.
- Discount for model 3x flooring upgrade increases to $3200. Pocket change for what we pay for the upgrades 😀.
- IP designer would not give me blueprint of the house  but allowed me to take screenshots.
Did they provide any information on what models of Wolf appliances will be included, and if they plan to switch from KitchenAid to Wolf for all future phases?
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 25, 2022, 06:18:53 PM
We just did stage 4 upgrades today which includes engineer wood floor, upgrade carpets, upgrade tiles for all bathrooms, powder and laundry, split plantation shutters for all windows except kitchen windows which gets Hunter Douglas blind. 

Few things worth mentioned:
- Wolf appliances is confirmed.
- Discount for model 3x flooring upgrade increases to $3200. Pocket change for what we pay for the upgrades 😀.
- IP designer would not give me blueprint of the house  but allowed me to take screenshots.
Did they provide any information on what models of Wolf appliances will be included, and if they plan to switch from KitchenAid to Wolf for all future phases?

See the link. I couldnt copy via text https://ibb.co/SJSkqbz
As for future phrases, i have no idea. I didnt ask.
Title: Re: Fresco @ Eastwood Village
Post by: Marlonmadux on February 25, 2022, 08:10:15 PM
Hi guys! Just wondering when you guys all signed up to be on the waitlist and how long you got the call to buy. Gauging my chance of getting called versus pulling trigger on resale home.
Thanks a lot!
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on February 25, 2022, 08:24:25 PM
Hi guys! Just wondering when you guys all signed up to be on the waitlist and how long you got the call to buy. Gauging my chance of getting called versus pulling trigger on resale home.
Thanks a lot!

My co-worker signed up in August and got a call in January.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 25, 2022, 08:33:16 PM
Hi guys! Just wondering when you guys all signed up to be on the waitlist and how long you got the call to buy. Gauging my chance of getting called versus pulling trigger on resale home.
Thanks a lot!

I signed up in august of last year before housing market went crazy. When i got on the list, IP had Ravello 2 and Fresco lot available but my wife didnt like OH so we decided to wait for Eastwood.  At that time, sale rep told us we would get called in 2-3 phrases. By Nov, we got offered 2 lots to choose. This was when the waitlist got crazy. Talked to rep couple of days ago and she said she has been bombarded with calls on buyers checking on the statuses of open lots every day.

When did you get on the list?
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 25, 2022, 08:35:52 PM
Hi guys! Just wondering when you guys all signed up to be on the waitlist and how long you got the call to buy. Gauging my chance of getting called versus pulling trigger on resale home.
Thanks a lot!

My co-worker signed up in August and got a call in January.

What lot # did your coworker get?
Title: Re: Fresco @ Eastwood Village
Post by: Marlonmadux on February 25, 2022, 08:43:02 PM
Hi guys! Just wondering when you guys all signed up to be on the waitlist and how long you got the call to buy. Gauging my chance of getting called versus pulling trigger on resale home.
Thanks a lot!

I signed up in august of last year before housing market went crazy. When i got on the list, IP had Ravello 2 and Fresco lot available but my wife didnt like OH so we decided to wait for Eastwood.  At that time, sale rep told us we would get called in 2-3 phrases. By Nov, we got offered 2 lots to choose. This was when the waitlist got crazy. Talked to rep couple of days ago and she said she has been bombarded with calls on buyers checking on the statuses of open lots every day.

When did you get on the list?

Probably not getting called then.. got on the list beginning of feb… lol
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on February 25, 2022, 08:45:58 PM
Hi guys! Just wondering when you guys all signed up to be on the waitlist and how long you got the call to buy. Gauging my chance of getting called versus pulling trigger on resale home.
Thanks a lot!

I signed up in august of last year before housing market went crazy. When i got on the list, IP had Ravello 2 and Fresco lot available but my wife didnt like OH so we decided to wait for Eastwood.  At that time, sale rep told us we would get called in 2-3 phrases. By Nov, we got offered 2 lots to choose. This was when the waitlist got crazy. Talked to rep couple of days ago and she said she has been bombarded with calls on buyers checking on the statuses of open lots every day.

When did you get on the list?

Probably not getting called then.. got on the list beginning of feb… lol

For Fresco in OH and Eastwood, probably not. You may have better luck with Azul in PS & OH.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on February 25, 2022, 08:58:58 PM
Hi guys! Just wondering when you guys all signed up to be on the waitlist and how long you got the call to buy. Gauging my chance of getting called versus pulling trigger on resale home.
Thanks a lot!

My co-worker signed up in August and got a call in January.

What lot # did your coworker get?

I didn't ask him since I don' t know much about Fresco site maps. All I know is that he got Plan 2X (with conservatory and bonus room) for almost $1.9M. And he got called maybe mid January? You probably can figure out the lot # from that information.  ;D
Title: Re: Fresco @ Eastwood Village
Post by: linus on March 02, 2022, 11:52:01 PM
Looks like a brand new Plan 1 will be listing @ $1.9M

Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on March 02, 2022, 11:58:48 PM
Looks like a brand new Plan 1 will be listing @ $1.9M


No upgrades at all.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on March 03, 2022, 06:57:54 AM
Looks like a brand new Plan 1 will be listing @ $1.9M


No upgrades at all.


Everything is pretty much standard. 2300 sqft for $1.9mil. That’s $835 per sqft.  Yikes…..  I woudlnt be surprised if this house had the same mainland Chinese FCB as recently sold Fresco 3. 😀
Title: Re: Fresco @ Eastwood Village
Post by: linus on March 03, 2022, 08:23:53 AM
Looks like a brand new Plan 1 will be listing @ $1.9M


No upgrades at all.


Everything is pretty much standard. 2300 sqft for $1.9mil. That’s $835 per sqft.  Yikes…..  I woudlnt be surprised if this house had the same mainland Chinese FCB as recently sold Fresco 3. 😀

Given that a plan 1 is listed at $1.8m on the latest sales office price list, $1.9m isn’t too outrageous considering this one has the bigger lot size of the original tract, has the conservatory included (optional for plan 1 in extension tract), also the potential buyer will be able to lock in at the current rate for their mortgage
Title: Re: Fresco @ Eastwood Village
Post by: huuur on March 03, 2022, 03:56:55 PM
I've noticed the average $ per sqft for resale in Eastwood is close or even higher than Orchard hills - but Fresco is still more expensive in OH than in EW
Title: Re: Fresco @ Eastwood Village
Post by: huuur on March 04, 2022, 05:33:59 PM
We received the phase 14C pricing email and I guess we are closer to get a spot?

But the price increased so much from phase 13 in 2 months ago -- I am not sure it is worth buying anymore. The risk of buying at peak seems to be pretty high, and the interest rate is likely much higher after 6~9 months. 

We have a place to live at a very low cost, and the monthly cost of owning this Eastwood home is much higher now - unless we buy this as an investment.

Do you think buying an Eastwood new home is a good investment that will appreciate in 6-9 months?

Plan2X, 2944 sqft, 3951 sqft lot,  price = $2.113M
Plan3X, 3024 sqft, 3951 sqft lot, price = $2.166M
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on March 04, 2022, 06:17:17 PM
We received the phase 14C pricing email and I guess we are closer to get a spot?

But the price increased so much from phase 13 in 2 months ago -- I am not sure it is worth buying anymore. The risk of buying at peak seems to be pretty high, and the interest rate is likely much higher after 6~9 months. 

We have a place to live at a very low cost, and the monthly cost of owning this Eastwood home is much higher now - unless we buy this as an investment.

Do you think buying an Eastwood new home is a good investment that will appreciate in 6-9 months?

Plan2X, 2944 sqft, 3951 sqft lot,  price = $2.113M
Plan3X, 3024 sqft, 3951 sqft lot, price = $2.166M

You are probably near the top of the list. Wow that’s almost $300k increase for model 3 I paid three months ago.

If you plan to live there for  a long time, I say go for it. I am not sure if it is worth it as an investment considered how much you pay. You have to rent the house for at least $8-9k a month and how many renters out there willing to pay that much?
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on March 04, 2022, 06:41:50 PM
We received the phase 14C pricing email and I guess we are closer to get a spot?

But the price increased so much from phase 13 in 2 months ago -- I am not sure it is worth buying anymore. The risk of buying at peak seems to be pretty high, and the interest rate is likely much higher after 6~9 months. 

We have a place to live at a very low cost, and the monthly cost of owning this Eastwood home is much higher now - unless we buy this as an investment.

Do you think buying an Eastwood new home is a good investment that will appreciate in 6-9 months?

Plan2X, 2944 sqft, 3951 sqft lot,  price = $2.113M
Plan3X, 3024 sqft, 3951 sqft lot, price = $2.166M

Price per Sqt wise, plan 3(700$) is  better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on March 04, 2022, 06:45:40 PM
We received the phase 14C pricing email and I guess we are closer to get a spot?

But the price increased so much from phase 13 in 2 months ago -- I am not sure it is worth buying anymore. The risk of buying at peak seems to be pretty high, and the interest rate is likely much higher after 6~9 months. 

We have a place to live at a very low cost, and the monthly cost of owning this Eastwood home is much higher now - unless we buy this as an investment.

Do you think buying an Eastwood new home is a good investment that will appreciate in 6-9 months?

Plan2X, 2944 sqft, 3951 sqft lot,  price = $2.113M
Plan3X, 3024 sqft, 3951 sqft lot, price = $2.166M

Price per Sqt wise, plan 3(700$) is  better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

I just looked at lot map and Model 2 is actually a corner lot which explains why its price is so close to Model 3.
Title: Re: Fresco @ Eastwood Village
Post by: huuur on March 04, 2022, 07:07:03 PM
You were so lucky to buy in phase 13 - I think that's when the resale market jumps in price but Fresco new home didn't catch up to market yet.

I don't think Eastwood Fresco can rent $8~9K, I am more thinking about selling it right away after 9 months when the home is ready.

But I guess the likelihood of the home appreciating 20% like last year is pretty low, and the risk it will drop or stay flat is much higher.


We received the phase 14C pricing email and I guess we are closer to get a spot?

But the price increased so much from phase 13 in 2 months ago -- I am not sure it is worth buying anymore. The risk of buying at peak seems to be pretty high, and the interest rate is likely much higher after 6~9 months. 

We have a place to live at a very low cost, and the monthly cost of owning this Eastwood home is much higher now - unless we buy this as an investment.

Do you think buying an Eastwood new home is a good investment that will appreciate in 6-9 months?

Plan2X, 2944 sqft, 3951 sqft lot,  price = $2.113M
Plan3X, 3024 sqft, 3951 sqft lot, price = $2.166M

You are probably near the top of the list. Wow that’s almost $300k increase for model 3 I paid three months ago.

If you plan to live there for  a long time, I say go for it. I am not sure if it is worth it as an investment considered how much you pay. You have to rent the house for at least $8-9k a month and how many renters out there willing to pay that much?
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on March 04, 2022, 07:13:53 PM
You were so lucky to buy in phase 13 - I think that's when the resale market jumps in price but Fresco new home didn't catch up to market yet.

I don't think it can rent $8~9K, I am more thinking about selling it right away after 9 months when the home is ready.

But I guess the likelihood of the home appreciating 20% like last year is pretty low, and the risk it will drop or flat is much higher.


We received the phase 14C pricing email and I guess we are closer to get a spot?

But the price increased so much from phase 13 in 2 months ago -- I am not sure it is worth buying anymore. The risk of buying at peak seems to be pretty high, and the interest rate is likely much higher after 6~9 months. 

We have a place to live at a very low cost, and the monthly cost of owning this Eastwood home is much higher now - unless we buy this as an investment.

Do you think buying an Eastwood new home is a good investment that will appreciate in 6-9 months?

Plan2X, 2944 sqft, 3951 sqft lot,  price = $2.113M
Plan3X, 3024 sqft, 3951 sqft lot, price = $2.166M

You are probably near the top of the list. Wow that’s almost $300k increase for model 3 I paid three months ago.

If you plan to live there for  a long time, I say go for it. I am not sure if it is worth it as an investment considered how much you pay. You have to rent the house for at least $8-9k a month and how many renters out there willing to pay that much?

I actually bought in Phrase 12 and was lucky enough to be able to pick a corner lot. Phrase 13 prices went up by only $50k.  If you are thinking about flipping and have a choice between model 3 and 2, go for corner lot model 2. I will have better resale value.
Title: Re: Fresco @ Eastwood Village
Post by: huuur on March 04, 2022, 07:16:26 PM

Price per Sqt wise, plan 3(700$) is better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

Plan 1 is not avaliable in this phase.

Price per sqft for plan 2 is $717) and plan 3 is $716.

I looked at Eastwood 4-br resale last month, the average is $720. I can't see the prices in escrow but it feels like the price is peaking at least short term.

So the new home per sqft is higher than the market price considering the upgrade cost later + interest rate hike in 9 months

Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on March 04, 2022, 07:49:46 PM

Price per Sqt wise, plan 3(700$) is better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

Plan 1 is not avaliable in this phase.

Price per sqft for plan 2 is $717) and plan 3 is $716.

I looked at Eastwood 4-br resale last month, the average is $720. I can't see the prices in escrow but it feels like the price is peaking at least short term.

So the new home per sqft is higher than the market price considering the upgrade cost later + interest rate hike in 9 months

If you're flipping it, then you probably don't want to upgrade. Just like the Plan 1 being sold. It has no upgrades whatsoever.
Title: Re: Fresco @ Eastwood Village
Post by: huuur on March 04, 2022, 08:19:28 PM
We received the phase 14C pricing email and I guess we are closer to get a spot?

But the price increased so much from phase 13 in 2 months ago -- I am not sure it is worth buying anymore. The risk of buying at peak seems to be pretty high, and the interest rate is likely much higher after 6~9 months. 

We have a place to live at a very low cost, and the monthly cost of owning this Eastwood home is much higher now - unless we buy this as an investment.

Do you think buying an Eastwood new home is a good investment that will appreciate in 6-9 months?

Plan2X, 2944 sqft, 3951 sqft lot,  price = $2.113M
Plan3X, 3024 sqft, 3951 sqft lot, price = $2.166M

Price per Sqt wise, plan 3(700$) is  better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

I just looked at lot map and Model 2 is actually a corner lot which explains why its price is so close to Model 3.

Yes, plan 2 is a corner lot, which is nice. But it seems the yard is pretty small - especially with a conservatory added.

Which has a higher premium? Corner lot or larger yard?

Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on March 04, 2022, 08:46:06 PM
We received the phase 14C pricing email and I guess we are closer to get a spot?

But the price increased so much from phase 13 in 2 months ago -- I am not sure it is worth buying anymore. The risk of buying at peak seems to be pretty high, and the interest rate is likely much higher after 6~9 months. 

We have a place to live at a very low cost, and the monthly cost of owning this Eastwood home is much higher now - unless we buy this as an investment.

Do you think buying an Eastwood new home is a good investment that will appreciate in 6-9 months?

Plan2X, 2944 sqft, 3951 sqft lot,  price = $2.113M
Plan3X, 3024 sqft, 3951 sqft lot, price = $2.166M

Price per Sqt wise, plan 3(700$) is  better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

I just looked at lot map and Model 2 is actually a corner lot which explains why its price is so close to Model 3.

Yes, plan 2 is a corner lot, which is nice. But it seems the yard is pretty small - especially with a conservatory added.

Which has a higher premium? Corner lot or larger yard?



Larger lot > small yard corner lot
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on March 04, 2022, 08:47:37 PM
I think once we get to around $750/sf for most homes we'll start stalling out on prices, obviously highly upgraded homes, premium lot homes, smaller homes, and single story homes will trade above $750/sf.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on March 04, 2022, 09:34:36 PM
We received the phase 14C pricing email and I guess we are closer to get a spot?

But the price increased so much from phase 13 in 2 months ago -- I am not sure it is worth buying anymore. The risk of buying at peak seems to be pretty high, and the interest rate is likely much higher after 6~9 months. 

We have a place to live at a very low cost, and the monthly cost of owning this Eastwood home is much higher now - unless we buy this as an investment.

Do you think buying an Eastwood new home is a good investment that will appreciate in 6-9 months?

Plan2X, 2944 sqft, 3951 sqft lot,  price = $2.113M
Plan3X, 3024 sqft, 3951 sqft lot, price = $2.166M

Price per Sqt wise, plan 3(700$) is  better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

I just looked at lot map and Model 2 is actually a corner lot which explains why its price is so close to Model 3.


Floorplan 2 pricing is almost always very close in pricing to that of floorplan 3 for the Fresco extension lots. Reason being that for these smaller lots, floorplan 3 can’t fit a conservatory while floorplan 2 can. End result is the smaller floorplan 2, pre-plotted with a conservatory option, comes very close in terms of both square footage and pricing to a floorplan 3 lacking a conservatory.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on March 04, 2022, 10:16:51 PM

Price per Sqt wise, plan 3(700$) is better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

Plan 1 is not avaliable in this phase.

Price per sqft for plan 2 is $717) and plan 3 is $716.

I looked at Eastwood 4-br resale last month, the average is $720. I can't see the prices in escrow but it feels like the price is peaking at least short term.

So the new home per sqft is higher than the market price considering the upgrade cost later + interest rate hike in 9 months

Floorplan 3 base price has made the following consecutive jumps quickly to catch up with the resale market value:
1) phase 12=>13: 50k
2) phase 13=>14b: 150k (no floorplan 3 offered in phase 14a)
3) phase 14b=>14c: 100k

This is 17% in just 2 months. To put things in perspective, those who bought in one of the earliest phases around Dec. 2020, saw a 250k increase across the whole span of a year. Interestingly, also 17% but in 12 months. Now, does this look like a sustainable trajectory?

Since the new home offering price is all caught up now with the resale market value (if you add the 110k for the bonus room to the 14c asking pricing, it will touch 2.3M, the selling price for 104 parakeet), all you need to do is ask yourself if you have reason to believe there is still steam in the market to make another mid-teens profit in the second half of the year, to make it worth your while taking the risk of a quick flip?
Title: Re: Fresco @ Eastwood Village
Post by: linus on March 04, 2022, 10:24:55 PM

Price per Sqt wise, plan 3(700$) is better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

Plan 1 is not avaliable in this phase.

Price per sqft for plan 2 is $717) and plan 3 is $716.

I looked at Eastwood 4-br resale last month, the average is $720. I can't see the prices in escrow but it feels like the price is peaking at least short term.

So the new home per sqft is higher than the market price considering the upgrade cost later + interest rate hike in 9 months

Floorplan 3 base price has made the following consecutive jumps quickly to catch up with the resale market value:
1) phase 12=>13: 50k
2) phase 13=>14b: 150k (no floorplan 3 offered in phase 14a)
3) phase 14b=>14c: 100k

This is 17% in just 2 months. To put things in perspective, those who bought in one of the earliest phases around Dec. 2020, saw a 250k increase across the whole span of a year. Interestingly, also 17% but in 12 months. Now, does this look like a sustainable trajectory?

Since the new home offering price is all caught up now with the resale market value (if you add the 110k for the bonus room to the 14c asking pricing, it will touch 2.3M, the selling price for 104 parakeet), all you need to do is ask yourself if you have reason to believe there is still steam in the market to make another mid-teens profit in the second half of the year, to make it worth your while taking the risk of a quick flip?

Just wanted to point out that the plan 3x in phase 14c already has the bonus room included in the $2.11M price  :)
Title: Re: Fresco @ Eastwood Village
Post by: huuur on March 04, 2022, 10:55:59 PM

Price per Sqt wise, plan 3(700$) is better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

Plan 1 is not avaliable in this phase.

Price per sqft for plan 2 is $717) and plan 3 is $716.

I looked at Eastwood 4-br resale last month, the average is $720. I can't see the prices in escrow but it feels like the price is peaking at least short term.

So the new home per sqft is higher than the market price considering the upgrade cost later + interest rate hike in 9 months

Floorplan 3 base price has made the following consecutive jumps quickly to catch up with the resale market value:
1) phase 12=>13: 50k
2) phase 13=>14b: 150k (no floorplan 3 offered in phase 14a)
3) phase 14b=>14c: 100k

This is 17% in just 2 months. To put things in perspective, those who bought in one of the earliest phases around Dec. 2020, saw a 250k increase across the whole span of a year. Interestingly, also 17% but in 12 months. Now, does this look like a sustainable trajectory?

Since the new home offering price is all caught up now with the resale market value (if you add the 110k for the bonus room to the 14c asking pricing, it will touch 2.3M, the selling price for 104 parakeet), all you need to do is ask yourself if you have reason to believe there is still steam in the market to make another mid-teens profit in the second half of the year, to make it worth your while taking the risk of a quick flip?

So it sounds something like this?
plan 3 (~3000 sqft) started $1.6M 12/2020 and grew to $1.85M 11/2021.
Then grew from $1.85M 11/2021 to $2.16M 03/2022

That is a good perspective to have for sure...
Also I think the later phases have smaller lots too ~ all under 4000 sqft, but more expensive than earlier models
Title: Re: Fresco @ Eastwood Village
Post by: huuur on March 04, 2022, 10:58:31 PM

Price per Sqt wise, plan 3(700$) is better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

Plan 1 is not avaliable in this phase.

Price per sqft for plan 2 is $717) and plan 3 is $716.

I looked at Eastwood 4-br resale last month, the average is $720. I can't see the prices in escrow but it feels like the price is peaking at least short term.

So the new home per sqft is higher than the market price considering the upgrade cost later + interest rate hike in 9 months

Floorplan 3 base price has made the following consecutive jumps quickly to catch up with the resale market value:
1) phase 12=>13: 50k
2) phase 13=>14b: 150k (no floorplan 3 offered in phase 14a)
3) phase 14b=>14c: 100k

This is 17% in just 2 months. To put things in perspective, those who bought in one of the earliest phases around Dec. 2020, saw a 250k increase across the whole span of a year. Interestingly, also 17% but in 12 months. Now, does this look like a sustainable trajectory?

Since the new home offering price is all caught up now with the resale market value (if you add the 110k for the bonus room to the 14c asking pricing, it will touch 2.3M, the selling price for 104 parakeet), all you need to do is ask yourself if you have reason to believe there is still steam in the market to make another mid-teens profit in the second half of the year, to make it worth your while taking the risk of a quick flip?

Just wanted to point out that plan 3x in phase 14c already has the bonus room included in the $2.11M price  :)

Yes, phase 14c includes pre-lotted structural upgrades
 
Plan2X, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3X, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on March 04, 2022, 11:24:12 PM

Price per Sqt wise, plan 3(700$) is better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

Plan 1 is not avaliable in this phase.

Price per sqft for plan 2 is $717) and plan 3 is $716.

I looked at Eastwood 4-br resale last month, the average is $720. I can't see the prices in escrow but it feels like the price is peaking at least short term.

So the new home per sqft is higher than the market price considering the upgrade cost later + interest rate hike in 9 months

Floorplan 3 base price has made the following consecutive jumps quickly to catch up with the resale market value:
1) phase 12=>13: 50k
2) phase 13=>14b: 150k (no floorplan 3 offered in phase 14a)
3) phase 14b=>14c: 100k

This is 17% in just 2 months. To put things in perspective, those who bought in one of the earliest phases around Dec. 2020, saw a 250k increase across the whole span of a year. Interestingly, also 17% but in 12 months. Now, does this look like a sustainable trajectory?

Since the new home offering price is all caught up now with the resale market value (if you add the 110k for the bonus room to the 14c asking pricing, it will touch 2.3M, the selling price for 104 parakeet), all you need to do is ask yourself if you have reason to believe there is still steam in the market to make another mid-teens profit in the second half of the year, to make it worth your while taking the risk of a quick flip?

So it sounds something like this?
plan 3 (~3000 sqft) started $1.6M 12/2020 and grew to $1.85M 11/2021.
Then grew from $1.85M 11/2021 to $2.16M 03/2022

That is a good perspective to have for sure...
Also I think the later phases have smaller lots too ~ all under 4000 sqft, but more expensive than earlier models


Pretty much yes. I bought back in phase 8 (the first one they started to break into sub phases) and up till then the price hikes were anywhere from nonexistent to 15-20k per phase. After which they started experimenting with their 40k hikes and I thought it outrageous then.

For the remaining lots, I think there will be a few more “special” larger lots on the other side of the street which can accommodate a conservatory for a floorplan 3. But yes, the majority of these lots are <3900 sqft
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on March 04, 2022, 11:31:27 PM

Price per Sqt wise, plan 3(700$) is better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

Plan 1 is not avaliable in this phase.

Price per sqft for plan 2 is $717) and plan 3 is $716.

I looked at Eastwood 4-br resale last month, the average is $720. I can't see the prices in escrow but it feels like the price is peaking at least short term.

So the new home per sqft is higher than the market price considering the upgrade cost later + interest rate hike in 9 months

Floorplan 3 base price has made the following consecutive jumps quickly to catch up with the resale market value:
1) phase 12=>13: 50k
2) phase 13=>14b: 150k (no floorplan 3 offered in phase 14a)
3) phase 14b=>14c: 100k

This is 17% in just 2 months. To put things in perspective, those who bought in one of the earliest phases around Dec. 2020, saw a 250k increase across the whole span of a year. Interestingly, also 17% but in 12 months. Now, does this look like a sustainable trajectory?

Since the new home offering price is all caught up now with the resale market value (if you add the 110k for the bonus room to the 14c asking pricing, it will touch 2.3M, the selling price for 104 parakeet), all you need to do is ask yourself if you have reason to believe there is still steam in the market to make another mid-teens profit in the second half of the year, to make it worth your while taking the risk of a quick flip?

Just wanted to point out that the plan 3x in phase 14c already has the bonus room included in the $2.11M price  :)


Are you guys sure about this? Because I have a price sheet for floorplan 3, phase 14c that says for 2.336M with bonus room included. So, I figured they removed the bonus room and readjusted the listing price to the new price. But again, they could have done that and kept the bonus room.
Title: Re: Fresco @ Eastwood Village
Post by: linus on March 05, 2022, 02:08:42 AM

Price per Sqt wise, plan 3(700$) is better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

Plan 1 is not avaliable in this phase.

Price per sqft for plan 2 is $717) and plan 3 is $716.

I looked at Eastwood 4-br resale last month, the average is $720. I can't see the prices in escrow but it feels like the price is peaking at least short term.

So the new home per sqft is higher than the market price considering the upgrade cost later + interest rate hike in 9 months

Floorplan 3 base price has made the following consecutive jumps quickly to catch up with the resale market value:
1) phase 12=>13: 50k
2) phase 13=>14b: 150k (no floorplan 3 offered in phase 14a)
3) phase 14b=>14c: 100k

This is 17% in just 2 months. To put things in perspective, those who bought in one of the earliest phases around Dec. 2020, saw a 250k increase across the whole span of a year. Interestingly, also 17% but in 12 months. Now, does this look like a sustainable trajectory?

Since the new home offering price is all caught up now with the resale market value (if you add the 110k for the bonus room to the 14c asking pricing, it will touch 2.3M, the selling price for 104 parakeet), all you need to do is ask yourself if you have reason to believe there is still steam in the market to make another mid-teens profit in the second half of the year, to make it worth your while taking the risk of a quick flip?

Just wanted to point out that the plan 3x in phase 14c already has the bonus room included in the $2.11M price  :)


Are you guys sure about this? Because I have a price sheet for floorplan 3, phase 14c that says for 2.336M with bonus room included. So, I figured they removed the bonus room and readjusted the listing price to the new price. But again, they could have done that and kept the bonus room.

Looking at the phase 14c price list that I have, Plan 3X does have the bonus room in the description and the size is 3024 sqft and the price is $2.166M, but I believe price can always change before it's reserved by the buyer :)
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on March 05, 2022, 05:54:03 AM

Price per Sqt wise, plan 3(700$) is better compared to the Plan 1 Resale(825$) noted a few posts above. EW prices have done extremely well so far and could hold up value even if there is market downturn IMO.

Plan 1 is not avaliable in this phase.

Price per sqft for plan 2 is $717) and plan 3 is $716.

I looked at Eastwood 4-br resale last month, the average is $720. I can't see the prices in escrow but it feels like the price is peaking at least short term.

So the new home per sqft is higher than the market price considering the upgrade cost later + interest rate hike in 9 months

Floorplan 3 base price has made the following consecutive jumps quickly to catch up with the resale market value:
1) phase 12=>13: 50k
2) phase 13=>14b: 150k (no floorplan 3 offered in phase 14a)
3) phase 14b=>14c: 100k

This is 17% in just 2 months. To put things in perspective, those who bought in one of the earliest phases around Dec. 2020, saw a 250k increase across the whole span of a year. Interestingly, also 17% but in 12 months. Now, does this look like a sustainable trajectory?

Since the new home offering price is all caught up now with the resale market value (if you add the 110k for the bonus room to the 14c asking pricing, it will touch 2.3M, the selling price for 104 parakeet), all you need to do is ask yourself if you have reason to believe there is still steam in the market to make another mid-teens profit in the second half of the year, to make it worth your while taking the risk of a quick flip?

Just wanted to point out that the plan 3x in phase 14c already has the bonus room included in the $2.11M price  :)


Are you guys sure about this? Because I have a price sheet for floorplan 3, phase 14c that says for 2.336M with bonus room included. So, I figured they removed the bonus room and readjusted the listing price to the new price. But again, they could have done that and kept the bonus room.

Looking at the phase 14c price list that I have, Plan 3X does have the bonus room in the description and the size is 3024 sqft and the price is $2.166M, but I believe price can always change before it's reserved by the buyer :)

Yup plan 3 pricing includes bonus room. That’s the same size as mine with bonus room and no conservatory room.

Plan 1 price is outrageous. We would’ve preferred Plan 1 since it fits our family of 4 better. 2500ish sqft home is ideal for us. Rep told us that it’s the most popular model because it’s the cheapest. Our chance of getting one was pretty slim and if we deferred, we may end up paying more for smaller home than current model 3 in later phrases. She was right.   
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on March 07, 2022, 05:38:14 PM
Does anyone know if Eastwood HOA allows renting the clubhouse for birthday party with Covid and all? If so, do you have any idea how much for Saturday rental? I am planning an event in july after i move in. I tried to find info online or number to call but nothing.

Thanks in advance.
Title: Re: Fresco @ Eastwood Village
Post by: box on March 09, 2022, 12:35:24 PM
What home insurers are Fresco residents using to provide good coverage at the best price?

Including fire coverage.
Title: Re: Fresco @ Eastwood Village
Post by: Sidehussle on March 09, 2022, 03:21:53 PM
Does anyone know if Eastwood HOA allows renting the clubhouse for birthday party with Covid and all? If so, do you have any idea how much for Saturday rental? I am planning an event in july after i move in. I tried to find info online or number to call but nothing.

Thanks in advance.

Eastwood clubhouse reservations for members: Carissa Andrus 949-508-1112, jmuck@keystonepacific.com

I don't think there is a resident charge, but Eastwood requires a security deposit and proof of insurance covering the event.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on March 10, 2022, 07:36:13 PM
What home insurers are Fresco residents using to provide good coverage at the best price?

Including fire coverage.

Using Lemonade.com
Title: Re: Fresco @ Eastwood Village
Post by: foodisgood on March 28, 2022, 09:52:12 PM
Anyone have the latest pricing in Eastwood and orchard hills?
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on March 30, 2022, 02:39:19 PM
Anyone have the latest pricing in Eastwood and orchard hills?

I dont think they are done with phrase 14 yet. Sale rep told me they were working on releasing phrase 14d which offers 1 single story home w/o driveway. After that, they will announce phrase 15 which is on Imagination Trail street.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on March 30, 2022, 03:01:37 PM
Anyone have the latest pricing in Eastwood and orchard hills?

I dont think they are done with phrase 14 yet. Sale rep told me they were working on releasing phrase 14d which offers 1 single story home w/o driveway. After that, they will announce phrase 15 which is on Imagination Trail street.
wow. single story with no driveway? what's next? zero lot line? 1 car garage? and still call it a SFH? the things builders are not doing are ridiculous. funny thing is, we as buyers can push back on this and not buy. but there are still buyers that will.
Title: Re: Fresco @ Eastwood Village
Post by: huuur on March 30, 2022, 03:25:51 PM
I heard that single-level 2089 sqft house (3b 2.5b) is priced at $2.3M in phase 14D
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on March 30, 2022, 05:30:22 PM
Anyone have the latest pricing in Eastwood and orchard hills?

I dont think they are done with phrase 14 yet. Sale rep told me they were working on releasing phrase 14d which offers 1 single story home w/o driveway. After that, they will announce phrase 15 which is on Imagination Trail street.
wow. single story with no driveway? what's next? zero lot line? 1 car garage door? and still call it a SFH? the things builders are not doing are ridiculous. funny thing is, we as buyers can push back on this and not buy. but there are still buyers that will.

Imo, if there weren't FCB buying in Irvine, there would not be so many tri level homes (I would rather rent than buy a tri level).

Eastwood gets marketed to FCB in China and it's THE place to buy and like sheep they buy in THAT particular neighborhood.

Irvine is always going to be attractive to Chinese but once Irvine is built out and new isn't new any more, it may not get the buying we see now, but who knows?
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on April 02, 2022, 06:37:57 PM
It’s official Fresco is getting Wolf instead of Kitchenaids. Just got email from IP:

————————

Dear Fresco Eastwood Buyers --

In recent months, you may recall conversations discussing the availability of materials, appliances, and other components that may or may not impact you due to supply chain constraints. For some time now, we have been dealing with an industry-wide issue on appliances, and while KitchenAid was the intended "included" package, there was a high probability that your appliances could be substituted by another brand.

Earlier this week, we released delivery of phase 10's appliances, and so, we wanted to officially notify our buyers that the standard KitchenAid appliances are officially replaced by the Sub-Zero/Wolf package which includes a 36" WOLF burner rangetop, 30" WOLF dual-convection oven, 24" WOLF microwave, 24" Asko dishwasher, and 36" Best rangehood.

Attached, we have included the appliance package for you to review with additional information and details.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on April 02, 2022, 07:29:38 PM
It’s official Fresco is getting Wolf instead of Kitchenaids. Just got email from IP:

————————

Dear Fresco Eastwood Buyers --

In recent months, you may recall conversations discussing the availability of materials, appliances, and other components that may or may not impact you due to supply chain constraints. For some time now, we have been dealing with an industry-wide issue on appliances, and while KitchenAid was the intended "included" package, there was a high probability that your appliances could be substituted by another brand.

Earlier this week, we released delivery of phase 10's appliances, and so, we wanted to officially notify our buyers that the standard KitchenAid appliances are officially replaced by the Sub-Zero/Wolf package which includes a 36" WOLF burner rangetop, 30" WOLF dual-convection oven, 24" WOLF microwave, 24" Asko dishwasher, and 36" Best rangehood.

Attached, we have included the appliance package for you to review with additional information and details.

Good news for you! Wolf (made by subzero) is a great brand. Wish I was getting those instead of GE.

Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on April 02, 2022, 07:51:53 PM
Good for recent buyers. Atleast for phase 8 we ended up getting a mismatch of Kitchen Aid and LG.
Title: Re: Fresco @ Eastwood Village
Post by: Compressed-Village on April 02, 2022, 09:02:10 PM
Good for recent buyers. Atleast for phase 8 we ended up getting a mismatch of Kitchen Aid and LG.

I would seriously, walk into sale office and demand the appliance package to swap out and get Wolf. Take a hard line with them. If I am a buyer and getting mis-match appliance on my new house, I would threaten to walk away. See if they want to loose a good buyer.
Title: Re: Fresco @ Eastwood Village
Post by: box on April 02, 2022, 09:19:33 PM
Good for recent buyers. Atleast for phase 8 we ended up getting a mismatch of Kitchen Aid and LG.

I would seriously, walk into sale office and demand the appliance package to swap out and get Wolf. Take a hard line with them. If I am a buyer and getting mis-match appliance on my new house, I would threaten to walk away. See if they want to loose a good buyer.

Even the new offering is mis-matched...the Best rangehood and Asko dishwasher are not Wolf.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on April 02, 2022, 09:41:37 PM
Good for recent buyers. Atleast for phase 8 we ended up getting a mismatch of Kitchen Aid and LG.

I would seriously, walk into sale office and demand the appliance package to swap out and get Wolf. Take a hard line with them. If I am a buyer and getting mis-match appliance on my new house, I would threaten to walk away. See if they want to loose a good buyer.

It's easy said than done in todays Market when there are plenty of qualified buyers.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on April 02, 2022, 09:58:12 PM
Good for recent buyers. Atleast for phase 8 we ended up getting a mismatch of Kitchen Aid and LG.

I would seriously, walk into sale office and demand the appliance package to swap out and get Wolf. Take a hard line with them. If I am a buyer and getting mis-match appliance on my new house, I would threaten to walk away. See if they want to loose a good buyer.

Even the new offering is mis-matched...the Best rangehood and Asko dishwasher are not Wolf.

Wolf doesn't do rangehood, but I'm surprised they didn't give us Cove dishwasher.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on April 02, 2022, 10:00:45 PM
Good for recent buyers. Atleast for phase 8 we ended up getting a mismatch of Kitchen Aid and LG.

I would seriously, walk into sale office and demand the appliance package to swap out and get Wolf. Take a hard line with them. If I am a buyer and getting mis-match appliance on my new house, I would threaten to walk away. See if they want to loose a good buyer.

No, you wouldn't. Try that and they take back the house, THEN put in the Wolf appliances and put it back on the market at $500k higher.  This house is phase 8. Even from phase 12 to phase 13, the price went up like $200k.
Title: Re: Fresco @ Eastwood Village
Post by: Compressed-Village on April 02, 2022, 10:12:48 PM
Good for recent buyers. Atleast for phase 8 we ended up getting a mismatch of Kitchen Aid and LG.

I would seriously, walk into sale office and demand the appliance package to swap out and get Wolf. Take a hard line with them. If I am a buyer and getting mis-match appliance on my new house, I would threaten to walk away. See if they want to loose a good buyer.

No, you wouldn't. Try that and they take back the house, THEN put in the Wolf appliances and put it back on the market at $500k higher.  This house is phase 8. Even from phase 12 to phase 13, the price went up like $200k.

Well, you gotta at least try. :)
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 03, 2022, 03:00:17 AM
Good for recent buyers. Atleast for phase 8 we ended up getting a mismatch of Kitchen Aid and LG.

I would seriously, walk into sale office and demand the appliance package to swap out and get Wolf. Take a hard line with them. If I am a buyer and getting mis-match appliance on my new house, I would threaten to walk away. See if they want to loose a good buyer.

No, you wouldn't. Try that and they take back the house, THEN put in the Wolf appliances and put it back on the market at $500k higher.  This house is phase 8. Even from phase 12 to phase 13, the price went up like $200k.

Well, you gotta at least try. :)


We did try. Irvinehomeseeker and I who were both buying in the same phase pushed back and expressed extreme dissatisfaction. I even escalated to higher management. But it’s like Calbears said, they’d be more than happy to take the house back with your earnest money deposit as the cherry on top (contract says no where kitchenaid is a must). If my memory serves me right, some particular individual responded to Irvinehomeseeker “if you don’t like it don’t buy it” :)

Title: Re: Fresco @ Eastwood Village
Post by: WTTCHMN on April 03, 2022, 04:49:10 AM
Wolf doesn't do rangehood, but I'm surprised they didn't give us Cove dishwasher.

Yes they do

https://www.subzero-wolf.com/wolf/ventilation/range-hood


Asko was affiliated with Sub-Zero Wolf before they came out with their own brand, Cove.
Title: Re: Fresco @ Eastwood Village
Post by: box on April 08, 2022, 11:02:01 PM
We just did stage 4 upgrades today which includes engineer wood floor, upgrade carpets, upgrade tiles for all bathrooms, powder and laundry, split plantation shutters for all windows except kitchen windows which gets Hunter Douglas blind. 

Few things worth mentioned:
- Wolf appliances is confirmed.
- Discount for model 3x flooring upgrade increases to $3200. Pocket change for what we pay for the upgrades 😀.
- IP designer would not give me blueprint of the house  but allowed me to take screenshots.
Did they provide any information on what models of Wolf appliances will be included, and if they plan to switch from KitchenAid to Wolf for all future phases?

See the link. I couldnt copy via text https://ibb.co/SJSkqbz
As for future phrases, i have no idea. I didnt ask.

Curious where you got that appliance list screenshot?

It looks like they were thinking of giving the Wolf 36" Pro Wall range hood, but ended up changing it to the BEST brand range hood.

I wonder what happened, and if anyone actually got the Wolf range hood?
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on April 08, 2022, 11:14:08 PM
We just did stage 4 upgrades today which includes engineer wood floor, upgrade carpets, upgrade tiles for all bathrooms, powder and laundry, split plantation shutters for all windows except kitchen windows which gets Hunter Douglas blind. 

Few things worth mentioned:
- Wolf appliances is confirmed.
- Discount for model 3x flooring upgrade increases to $3200. Pocket change for what we pay for the upgrades 😀.
- IP designer would not give me blueprint of the house  but allowed me to take screenshots.
Did they provide any information on what models of Wolf appliances will be included, and if they plan to switch from KitchenAid to Wolf for all future phases?

See the link. I couldnt copy via text https://ibb.co/SJSkqbz
As for future phrases, i have no idea. I didnt ask.

Curious where you got that appliance list screenshot?

It looks like they were thinking of giving the Wolf 36" Pro Wall range hood, but ended up changing it to the BEST brand range hood.

I wonder what happened, and if anyone actually got the Wolf range hood?

I don't know about Fresco, but we were told back in January that we were getting BEST range hood at Bluffs. Bluffs sales lady showed my wife the catalog of all the appliances we were getting: Wolf rangetop, oven, and microwave, BEST range hood, and Asko dishwasher.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on April 09, 2022, 11:24:26 AM
We just did stage 4 upgrades today which includes engineer wood floor, upgrade carpets, upgrade tiles for all bathrooms, powder and laundry, split plantation shutters for all windows except kitchen windows which gets Hunter Douglas blind. 

Few things worth mentioned:
- Wolf appliances is confirmed.
- Discount for model 3x flooring upgrade increases to $3200. Pocket change for what we pay for the upgrades 😀.
- IP designer would not give me blueprint of the house  but allowed me to take screenshots.
Did they provide any information on what models of Wolf appliances will be included, and if they plan to switch from KitchenAid to Wolf for all future phases?

See the link. I couldnt copy via text https://ibb.co/SJSkqbz
As for future phrases, i have no idea. I didnt ask.

Curious where you got that appliance list screenshot?

It looks like they were thinking of giving the Wolf 36" Pro Wall range hood, but ended up changing it to the BEST brand range hood.

I wonder what happened, and if anyone actually got the Wolf range hood?

I got it from the info on Design Center. It may have been a brand description error with the correct model number. I looked up the model (UP26M36SB), it is BEST 36” range hood, not Wolf.  The latest email from IP indicates that it’s  BEST one with the same model number.
Title: Re: Fresco @ Eastwood Village
Post by: box on April 09, 2022, 03:00:51 PM
We just did stage 4 upgrades today which includes engineer wood floor, upgrade carpets, upgrade tiles for all bathrooms, powder and laundry, split plantation shutters for all windows except kitchen windows which gets Hunter Douglas blind. 

Few things worth mentioned:
- Wolf appliances is confirmed.
- Discount for model 3x flooring upgrade increases to $3200. Pocket change for what we pay for the upgrades 😀.
- IP designer would not give me blueprint of the house  but allowed me to take screenshots.
Did they provide any information on what models of Wolf appliances will be included, and if they plan to switch from KitchenAid to Wolf for all future phases?

See the link. I couldnt copy via text https://ibb.co/SJSkqbz
As for future phrases, i have no idea. I didnt ask.

Curious where you got that appliance list screenshot?

It looks like they were thinking of giving the Wolf 36" Pro Wall range hood, but ended up changing it to the BEST brand range hood.

I wonder what happened, and if anyone actually got the Wolf range hood?

I got it from the info on Design Center. It may have been a brand description error with the correct model number. I looked up the model (UP26M36SB), it is BEST 36” range hood, not Wolf.  The latest email from IP indicates that it’s  BEST one with the same model number.

Ah, good catch!
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on April 18, 2022, 08:36:52 PM
Does anyone know the brand and rating of the solar panel installed on Fresco homes? How many kw does each panel produce annually?

Thanks,
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on April 18, 2022, 09:23:18 PM
Does anyone know the brand and rating of the solar panel installed on Fresco homes? How many kw does each panel produce annually?

Thanks,

You didn't ask? I was interested in getting the info on the solar panels installed at Highland. I only know that they install 10 panels, but didn't have a chance to find out what brand how many kWH.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on April 18, 2022, 09:32:45 PM
Does anyone know the brand and rating of the solar panel installed on Fresco homes? How many kw does each panel produce annually?

Thanks,

You didn't ask? I was interested in getting the info on the solar panels installed at Highland. I only know that they install 10 panels, but didn't have a chance to find out what brand how many kWH.

No i keep forgetting every time I talk to  IP rep.  ;D
I walked by the home yesterday and saw 14 panels installed. All i know is that they are included with the home fully paid.
Title: Re: Fresco @ Eastwood Village
Post by: box on April 18, 2022, 10:04:05 PM
There should be a Solar Exhibit in your contract, although I don't know how accurate that is. I don't think it says the manufacturer, but should show the # of panels and power output.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 19, 2022, 12:45:41 AM
Does anyone know the brand and rating of the solar panel installed on Fresco homes? How many kw does each panel produce annually?

Thanks,

Mine is Enphase, rating is 3.1 kW for a 13 panel system. I haven’t had a chance to experience peak summer production yet, but on a good day so far a panel produces 
1.6-2 kWh per day depending on its location on the roof. Just mind that they may have changed the solar supplier for newer phases
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on April 19, 2022, 07:16:10 AM
Does anyone know the brand and rating of the solar panel installed on Fresco homes? How many kw does each panel produce annually?

Thanks,

Mine is Enphase, rating is 3.1 kW for a 13 panel system. I haven’t had a chance to experience peak summer production yet, but on a good day so far a panel produces 
1.6-2 kWh per day depending on its location on the roof. Just mind that they may have changed the solar supplier for newer phases
After digging around, i found the paper w/ info on the model installed on mine. It is some sort iof German brand model AXIpremium XL HC BLK that is rated at 370w

https://www.axitecsolar.com/sites/default/files/documents/DB_120zlg_mono%20XL_HC_BLK_MiA_AUS_1500V.pdf
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on April 21, 2022, 02:50:39 PM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204
Title: Re: Fresco @ Eastwood Village
Post by: Compressed-Village on April 21, 2022, 05:18:12 PM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

Hmmm, interesting. You thinking what I am thinking?
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on April 21, 2022, 05:43:52 PM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

I saw this on Redfin and I was like  :'( because in Dec 2020 I was considering the Single Level Napa that KB homes was offering for 1.4 Million and unfortunately didn't act, now it would be up by a full 1 Million. This is one that KB was offering for 1.4M and it stood for full 2-3 months:
https://www.redfin.com/CA/Irvine/100-Frontier-92602/home/143911650




Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on April 21, 2022, 06:06:13 PM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

Hmmm, interesting. You thinking what I am thinking?

Single stories go for more money than two stories and eastwood has sold for 800 per sq foot, so who knows?

I will say this............ I always think about selling when I buy something I don't plan on keeping forever. For everyone who thinks trees grow to the sky they don't. For those who are buying now, if you can afford it, love the floor plan, like the schools and location, fine BUT if you are thinking how much and fast will the house I'm buying appreciate because I want to sell it in a year or two...... watch out. Your cost to resell has to include commission and do u honestly think there are people who will buy whatever u r selling for that plus any other costs u incur with higher rates? U could be stuck with your house, mello and property taxes increasing 2% per year. 2% of alot of money is alot of money.... in 5 years, property taxes will be 10% more than what u pay now. Think about how much people are going to be paying for your house, mortgage, taxes etc at an even higher price and higher interest rate if you plan on reselling.

Would i buy this single story to resell? Not on your life.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on April 21, 2022, 06:13:56 PM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

I saw this on Redfin and I was like  :'( because in Dec 2020 I was considering the Single Level Napa that KB homes was offering for 1.4 Million and unfortunately didn't act, now it would be up by a full 1 Million. This is one that KB was offering for 1.4M and it stood for full 2-3 months:
https://www.redfin.com/CA/Irvine/100-Frontier-92602/home/143911650

I begged my hubby to buy this one in 2012. NO ONE was even going to see it. Told him we could rent it out and sell our big house when we were older and move to the one story.

https://www.redfin.com/CA/Irvine/12-Camellia-92620/home/4792976

I don't know what that would sell for now. It's 23 years old but within walking distance to eastwood in a gated community and over 3100 sq feet, almost 8000 sq foot lot and the mello is paid off.

It does have a family and living room but you could use one as a workout area or office if you put in a wall. MUCH better investment imo.
Title: Re: Fresco @ Eastwood Village
Post by: The California Court Company on April 21, 2022, 08:02:12 PM
single story, 3CWG house with open concept floorpan, 12' ceilings at entrance, 10' ceiling rest of house, double entrance door, and detached casita, pool and outdoor bathroom in Irvine will truly be a unicorn....tear down and rebuild in Turtle Rock?

https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

I saw this on Redfin and I was like  :'( because in Dec 2020 I was considering the Single Level Napa that KB homes was offering for 1.4 Million and unfortunately didn't act, now it would be up by a full 1 Million. This is one that KB was offering for 1.4M and it stood for full 2-3 months:
https://www.redfin.com/CA/Irvine/100-Frontier-92602/home/143911650

I begged my hubby to buy this one in 2012. NO ONE was even going to see it. Told him we could rent it out and sell our big house when we were older and move to the one story.

https://www.redfin.com/CA/Irvine/12-Camellia-92620/home/4792976

I don't know what that would sell for now. It's 23 years old but within walking distance to eastwood in a gated community and over 3100 sq feet, almost 8000 sq foot lot and the mello is paid off.

It does have a family and living room but you could use one as a workout area or office if you put in a wall. MUCH better investment imo.
Title: Re: Fresco @ Eastwood Village
Post by: huuur on April 21, 2022, 09:50:09 PM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 22, 2022, 12:21:00 AM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

How does this make sense? This house hasn’t even been done being built yet. It probably sold a couple of weeks ago by IP and won’t close escrow until July/August timeframe. This is a joke listing
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 22, 2022, 12:25:49 AM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?


Phase 15A sold out (2 homes). And phase 15B being currently signed for (another 2 homes).
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on April 22, 2022, 01:08:41 AM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?


Phase 15A sold out (2 homes). And phase 15B being currently signed for (another 2 homes).

Do you have the pricing for phrase 15?

Thanks,

Btw, phrase 12 has COE end of May which is on schedule.  I am surprised there is no delay.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on April 22, 2022, 10:52:32 AM
Too expensive to tear down now.
Title: Re: Fresco @ Eastwood Village
Post by: box on April 22, 2022, 02:22:34 PM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

How does this make sense? This house hasn’t even been done being built yet. It probably sold a couple of weeks ago by IP and won’t close escrow until July/August timeframe. This is a joke listing

If you look at the lister, this is being sold by IP.

Normally if a home isn't selling well, IP will post the home to Redfin, Zillow, etc. themselves.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 22, 2022, 03:15:39 PM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?


Phase 15A sold out (2 homes). And phase 15B being currently signed for (another 2 homes).

Do you have the pricing for phrase 15?

Thanks,

Btw, phrase 12 has COE end of May which is on schedule.  I am surprised there is no delay.

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M
Phase 15B:
Plan 2 (conservatory): 2.235M
Plan 3 (conservatory + bonus room): 2.426M
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 22, 2022, 03:17:49 PM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

How does this make sense? This house hasn’t even been done being built yet. It probably sold a couple of weeks ago by IP and won’t close escrow until July/August timeframe. This is a joke listing

If you look at the lister, this is being sold by IP.

Normally if a home isn't selling well, IP will post the home to Redfin, Zillow, etc. themselves.

Wow… they must have messed up pretty good on this one. I’d have thought anything would fly in this market
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on April 22, 2022, 04:27:31 PM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

How does this make sense? This house hasn’t even been done being built yet. It probably sold a couple of weeks ago by IP and won’t close escrow until July/August timeframe. This is a joke listing

If you look at the lister, this is being sold by IP.

Normally if a home isn't selling well, IP will post the home to Redfin, Zillow, etc. themselves.

Wow… they must have messed up pretty good on this one. I’d have thought anything would fly in this market

When asked the sales one time about a listing on Redfin, I was told IP puts it just for marketing purpose although they have a buyer....can't always believe what the sales ppl say.
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on April 22, 2022, 04:52:11 PM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

How does this make sense? This house hasn’t even been done being built yet. It probably sold a couple of weeks ago by IP and won’t close escrow until July/August timeframe. This is a joke listing

If you look at the lister, this is being sold by IP.

Normally if a home isn't selling well, IP will post the home to Redfin, Zillow, etc. themselves.

Wow… they must have messed up pretty good on this one. I’d have thought anything would fly in this market
Quite a big yard though. But didn’t someone say there is no driveway?
Title: Re: Fresco @ Eastwood Village
Post by: box on April 22, 2022, 05:35:26 PM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

How does this make sense? This house hasn’t even been done being built yet. It probably sold a couple of weeks ago by IP and won’t close escrow until July/August timeframe. This is a joke listing

If you look at the lister, this is being sold by IP.

Normally if a home isn't selling well, IP will post the home to Redfin, Zillow, etc. themselves.

Wow… they must have messed up pretty good on this one. I’d have thought anything would fly in this market
Quite a big yard though. But didn’t someone say there is no driveway?

The single story houses in Eastwood (they all border the walking trail on the west side) have driveways, but they are very short driveways. They usually won't fit a car parked on the driveway without blocking the sidewalk.

You can use Google Street View to look at other houses in this houses' position on the other streets to the south of this one to see what I mean.
Title: Re: Fresco @ Eastwood Village
Post by: huuur on April 22, 2022, 05:46:23 PM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?


Phase 15A sold out (2 homes). And phase 15B being currently signed for (another 2 homes).

Do you have the pricing for phrase 15?

Thanks,

Btw, phrase 12 has COE end of May which is on schedule.  I am surprised there is no delay.

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M
Phase 15B:
Plan 2 (conservatory): 2.235M
Plan 3 (conservatory + bonus room): 2.426M

It seems that the price growth slowed a bit in Phase 15A compared to previous phases. I remember Phase 15B is the big lots ones

Phase 14C
Plan2, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)

Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on April 22, 2022, 06:33:08 PM
It seems that the price growth slowed a bit in Phase 15A compared to previous phases. I remember Phase 15B is the big lots ones

Phase 14C
Plan2, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)

I think it's expected for the price growth to slow down. Some of us here are expecting the housing price to flatten by the summer. This seems to be the case so far. With the mortgage rates jumping so fast, it might flatten a couple of months earlier.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on April 22, 2022, 06:45:36 PM
It seems that the price growth slowed a bit in Phase 15A compared to previous phases. I remember Phase 15B is the big lots ones

Phase 14C
Plan2, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)

I think it's expected for the price growth to slow down. Some of us here are expecting the housing price to flatten by the summer. This seems to be the case so far. With the mortgage rates jumping so fast, it might flatten a couple of months earlier.

It would be good to go sideways for quite a while like 2016-2018 (I might have the years off a bit but it was a general sideways move).
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on April 22, 2022, 07:04:11 PM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?


Phase 15A sold out (2 homes). And phase 15B being currently signed for (another 2 homes).

Do you have the pricing for phrase 15?

Thanks,

Btw, phrase 12 has COE end of May which is on schedule.  I am surprised there is no delay.

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M
Phase 15B:
Plan 2 (conservatory): 2.235M
Plan 3 (conservatory + bonus room): 2.426M

How much is the sqt for plan 2? Is it 2600 or more like 2900?
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on April 22, 2022, 07:22:56 PM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?


Phase 15A sold out (2 homes). And phase 15B being currently signed for (another 2 homes).

Do you have the pricing for phrase 15?

Thanks,

Btw, phrase 12 has COE end of May which is on schedule.  I am surprised there is no delay.

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M
Phase 15B:
Plan 2 (conservatory): 2.235M
Plan 3 (conservatory + bonus room): 2.426M

It seems that the price growth slowed a bit in Phase 15A compared to previous phases. I remember Phase 15B is the big lots ones

Phase 14C
Plan2, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)

If plan 3 included a loft then it is cheaper than previous phrase 14. Loft option is $110k.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 22, 2022, 09:41:28 PM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?


Phase 15A sold out (2 homes). And phase 15B being currently signed for (another 2 homes).

Do you have the pricing for phrase 15?

Thanks,

Btw, phrase 12 has COE end of May which is on schedule.  I am surprised there is no delay.

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M
Phase 15B:
Plan 2 (conservatory): 2.235M
Plan 3 (conservatory + bonus room): 2.426M

How much is the sqt for plan 2? Is it 2600 or more like 2900?

2944 sqft. Conservatory plus first floor suite
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 22, 2022, 09:54:44 PM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?


Phase 15A sold out (2 homes). And phase 15B being currently signed for (another 2 homes).

Do you have the pricing for phrase 15?

Thanks,

Btw, phrase 12 has COE end of May which is on schedule.  I am surprised there is no delay.

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M
Phase 15B:
Plan 2 (conservatory): 2.235M
Plan 3 (conservatory + bonus room): 2.426M

It seems that the price growth slowed a bit in Phase 15A compared to previous phases. I remember Phase 15B is the big lots ones

Phase 14C
Plan2, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)

If plan 3 included a loft then it is cheaper than previous phrase 14. Loft option is $110k.

The plan 3 price in phase 15a doesn’t include a loft, so it’s is actually 32k more expensive than the previous 14c release.

As for phase 15b, the price includes a loft and a conservatory (110k+90k value), so it’s actually $138k more than in 15a. My guess is it breaks down to a $38k increase in base price plus another ~$100k in lot premium. Not sure exactly how big the lot size is, but it appears to be one of the largest lot sizes in this whole development. Not to mention having no neighbour's on the back side, and being one of the very few floorplan 3’s available that can accommodate a conservatory. So all around, it’s a pretty unique lot.
Title: Re: Fresco @ Eastwood Village
Post by: box on April 23, 2022, 12:03:17 AM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?


Phase 15A sold out (2 homes). And phase 15B being currently signed for (another 2 homes).

Do you have the pricing for phrase 15?

Thanks,

Btw, phrase 12 has COE end of May which is on schedule.  I am surprised there is no delay.

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M
Phase 15B:
Plan 2 (conservatory): 2.235M
Plan 3 (conservatory + bonus room): 2.426M

It seems that the price growth slowed a bit in Phase 15A compared to previous phases. I remember Phase 15B is the big lots ones

Phase 14C
Plan2, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)

If plan 3 included a loft then it is cheaper than previous phrase 14. Loft option is $110k.

The plan 3 price in phase 15a doesn’t include a loft, so it’s is actually 32k more expensive than the previous 14c release.

As for phase 15b, the price includes a loft and a conservatory (110k+90k value), so it’s actually $138k more than in 15a. My guess is it breaks down to a $38k increase in base price plus another ~$100k in lot premium. Not sure exactly how big the lot size is, but it appears to be one of the largest lot sizes in this whole development. Not to mention having no neighbour's on the back side, and being one of the very few floorplan 3’s available that can accommodate a conservatory. So all around, it’s a pretty unique lot.

The lot size and not having any neighbors in the back is nice...but I'm fairly sure all of the plan 3's before the extension (<= Phase 11) had the option of the conservatory?
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 23, 2022, 12:29:49 AM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?


Phase 15A sold out (2 homes). And phase 15B being currently signed for (another 2 homes).

Do you have the pricing for phrase 15?

Thanks,

Btw, phrase 12 has COE end of May which is on schedule.  I am surprised there is no delay.

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M
Phase 15B:
Plan 2 (conservatory): 2.235M
Plan 3 (conservatory + bonus room): 2.426M

It seems that the price growth slowed a bit in Phase 15A compared to previous phases. I remember Phase 15B is the big lots ones

Phase 14C
Plan2, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)

If plan 3 included a loft then it is cheaper than previous phrase 14. Loft option is $110k.

The plan 3 price in phase 15a doesn’t include a loft, so it’s is actually 32k more expensive than the previous 14c release.

As for phase 15b, the price includes a loft and a conservatory (110k+90k value), so it’s actually $138k more than in 15a. My guess is it breaks down to a $38k increase in base price plus another ~$100k in lot premium. Not sure exactly how big the lot size is, but it appears to be one of the largest lot sizes in this whole development. Not to mention having no neighbour's on the back side, and being one of the very few floorplan 3’s available that can accommodate a conservatory. So all around, it’s a pretty unique lot.

The lot size and not having any neighbors in the back is nice...but I'm fairly sure all of the plan 3's before the extension (<= Phase 11) had the option of the conservatory?

True, but these were built on fairly larger lots on average compared to the extension phase lots (i.e. ph 12 and beyond), so the floorplan 3 conservatory was the rule back then not the exception. And even then they still had to pay a lot premium (~20-40k at the time). Now, fast forward to the extension phase lots, with the plan 3 conservatory being the exception not the rule (only 3 out of the 23 plan 3 lots offer a conservatory because of the setback limitation). So factor in time and scarcity, and you get the idea
Title: Re: Fresco @ Eastwood Village
Post by: sleepy5136 on April 23, 2022, 12:40:54 AM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

How does this make sense? This house hasn’t even been done being built yet. It probably sold a couple of weeks ago by IP and won’t close escrow until July/August timeframe. This is a joke listing

If you look at the lister, this is being sold by IP.

Normally if a home isn't selling well, IP will post the home to Redfin, Zillow, etc. themselves.

Wow… they must have messed up pretty good on this one. I’d have thought anything would fly in this market
Quite a big yard though. But didn’t someone say there is no driveway?

The single story houses in Eastwood (they all border the walking trail on the west side) have driveways, but they are very short driveways. They usually won't fit a car parked on the driveway without blocking the sidewalk.

You can use Google Street View to look at other houses in this houses' position on the other streets to the south of this one to see what I mean.
Yeah I saw them. I cannot believe a 2.3m home cannot give you a legit full driveway. Buyers should be pushing back and straight up give them the finger to builders that do this. It's ridiculous. No one should settle for this BS.
Title: Re: Fresco @ Eastwood Village
Post by: huuur on April 23, 2022, 08:32:14 AM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?


Phase 15A sold out (2 homes). And phase 15B being currently signed for (another 2 homes).

Do you have the pricing for phrase 15?

Thanks,

Btw, phrase 12 has COE end of May which is on schedule.  I am surprised there is no delay.

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M
Phase 15B:
Plan 2 (conservatory): 2.235M
Plan 3 (conservatory + bonus room): 2.426M

How much is the sqt for plan 2? Is it 2600 or more like 2900?

2944 sqft. Conservatory plus first floor suite

Does the plan 2 in phase 15b include a bonus room (loft) + conservatory, or only a conservatory?

Since phase 14c = 2.113M for 2944 sqft, if phase 15b = 2.235M for 2944 sqft, assuming with 100K big lot premium, then the price increase between 14c and 15b is only 22K, much smaller than the plan 3 increase.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 24, 2022, 01:28:12 AM
Does anyone know whether Fresco in Eastwood released phase 15 and what is the new pricing?


Phase 15A sold out (2 homes). And phase 15B being currently signed for (another 2 homes).

Do you have the pricing for phrase 15?

Thanks,

Btw, phrase 12 has COE end of May which is on schedule.  I am surprised there is no delay.

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M
Phase 15B:
Plan 2 (conservatory): 2.235M
Plan 3 (conservatory + bonus room): 2.426M

How much is the sqt for plan 2? Is it 2600 or more like 2900?

2944 sqft. Conservatory plus first floor suite

Does the plan 2 in phase 15b include a bonus room (loft) + conservatory, or only a conservatory?

Since phase 14c = 2.113M for 2944 sqft, if phase 15b = 2.235M for 2944 sqft, assuming with 100K big lot premium, then the price increase between 14c and 15b is only 22K, much smaller than the plan 3 increase.

They say it includes a 5th bedroom, 4th bathroom, so not sure how much more expensive than a loft this upgrade is. But also, this lot premium should be less steep than the plan 3 home. It looks much smaller on the map. Overall, it’s kind of difficult to gauge exactly how much the base price went up by over the previous phase, but yes, looks like it slowing down a bit (in the 30-40k range)
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on April 28, 2022, 09:45:22 PM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

How does this make sense? This house hasn’t even been done being built yet. It probably sold a couple of weeks ago by IP and won’t close escrow until July/August timeframe. This is a joke listing

Talked to IP rep today about this house.  You are right. The house was signed for. He said quite a few people were interested in the home since it was on redfin but someone high on the pre-approval list got it. 

All houses in phrase 15 a, b are gone too. 15c should be coming soon next month.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 29, 2022, 01:21:40 AM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

How does this make sense? This house hasn’t even been done being built yet. It probably sold a couple of weeks ago by IP and won’t close escrow until July/August timeframe. This is a joke listing

Talked to IP rep today about this house.  You are right. The house was signed for. He said quite a few people were interested in the home since it was on redfin but someone high on the pre-approval list got it. 

All houses in phrase 15 a, b are gone too. 15c should be coming soon next month.

Thanks Danimal for the update. I think like Irvinehomeseeker said before, it’s good to take what the sales office says with a grain of salt. They make it seem like there was lots of interest in the house when it shouldn’t have made it to Redfin in the first place. Interestingly, my wife shared with me a couple of days ago an IP email directly marketing this Fresco single story home to their list of subscribers. I haven’t seen this happen before…ever.
Title: Re: Fresco @ Eastwood Village
Post by: Soylent Green Is People on April 29, 2022, 07:38:25 AM
Perhaps with pricing peaks ahead, rate surges, and other factors the CP wait list had been thinning out. A little to no cost Redfin Listing was a thrifty way to gauge buyer interest and reach a wide, tightly focused market. I would have done the same thing if this was a community I needed to ensure it would sell out.

My .02c
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on April 29, 2022, 11:18:24 AM
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

How does this make sense? This house hasn’t even been done being built yet. It probably sold a couple of weeks ago by IP and won’t close escrow until July/August timeframe. This is a joke listing

Talked to IP rep today about this house.  You are right. The house was signed for. He said quite a few people were interested in the home since it was on redfin but someone high on the pre-approval list got it. 

All houses in phrase 15 a, b are gone too. 15c should be coming soon next month.

Thanks Danimal for the update. I think like Irvinehomeseeker said before, it’s good to take what the sales office says with a grain of salt. They make it seem like there was lots of interest in the house when it shouldn’t have made it to Redfin in the first place. Interestingly, my wife shared with me a couple of days ago an IP email directly marketing this Fresco single story home to their list of subscribers. I haven’t seen this happen before…ever.

I got that email too.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on April 29, 2022, 06:10:45 PM
Our home is scheduled for final walk thru next month.
Since IP doesnt allow pre drywall inspection, final inspection is the only thing I can do.  Does anyone have a recommendation on 3rd party inspector? How much do i expect to pay for 3k sqft home?

TIA
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on April 29, 2022, 06:38:24 PM
Our home is scheduled for final walk thru next month.
Since IP doesnt allow pre drywall inspection, final inspection is the only thing I can do.  Does anyone have a recommendation on 3rd party inspector? How much do i expect to pay for 3k sqft home?

TIA

Steve from Built-Rite is the person have used In the last 2 new home builds. Charges about 450-500$.

IP normally does a pretty job with their builds. Inspection from Steve didn't find anything major...mostly cosmetic. IP has a 30 day walk thru and they take care of things pretty well. The 3rd party Inspection is mostly peace of mind...but after spending close to 2M for a Fresco home, 500$ for peace of mind is not a bad deal  :)
Title: Re: Fresco @ Eastwood Village
Post by: trematix on April 29, 2022, 07:38:50 PM
Will also be using Steve once were ready for the walk through.

IP seems to be really good with their schedule. I know people with IP homes who signed around same time as me and after that are already closing or about to close.

Im still a couple months away in August


Our home is scheduled for final walk thru next month.
Since IP doesnt allow pre drywall inspection, final inspection is the only thing I can do.  Does anyone have a recommendation on 3rd party inspector? How much do i expect to pay for 3k sqft home?

TIA

Steve from Built-Rite is the person have used In the last 2 new home builds. Charges about 450-500$.

IP normally does a pretty job with their builds. Inspection from Steve didn't find anything major...mostly cosmetic. IP has a 30 day walk thru and they take care of things pretty well. The 3rd party Inspection is mostly peace of mind...but after spending close to 2M for a Fresco home, 500$ for peace of mind is not a bad deal  :)
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 30, 2022, 08:30:14 PM
Our home is scheduled for final walk thru next month.
Since IP doesnt allow pre drywall inspection, final inspection is the only thing I can do.  Does anyone have a recommendation on 3rd party inspector? How much do i expect to pay for 3k sqft home?

TIA

Just wondering if they are offering you a pre-orientation walk through in addition to a final walk through on the day of closing or only the final one. I am asking because their customer care rep. told me that for future phases they are going to do only the final walk through as they don’t have enough resources. They will address all your issues after closing regardless.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on April 30, 2022, 09:24:32 PM
Our home is scheduled for final walk thru next month.
Since IP doesnt allow pre drywall inspection, final inspection is the only thing I can do.  Does anyone have a recommendation on 3rd party inspector? How much do i expect to pay for 3k sqft home?

TIA

Just wondering if they are offering you a pre-orientation walk through in addition to a final walk through on the day of closing or only the final one. I am asking because their customer care rep. told me that for future phases they are going to do only the final walk through as they don’t have enough resources. They will address all your issues after closing regardless.

They only offer one final walk through. My walk through for Bluffs 2 is 5/25 (original closing date) and closing date is 5/27.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on April 30, 2022, 10:53:55 PM
Our home is scheduled for final walk thru next month.
Since IP doesnt allow pre drywall inspection, final inspection is the only thing I can do.  Does anyone have a recommendation on 3rd party inspector? How much do i expect to pay for 3k sqft home?

TIA

Just wondering if they are offering you a pre-orientation walk through in addition to a final walk through on the day of closing or only the final one. I am asking because their customer care rep. told me that for future phases they are going to do only the final walk through as they don’t have enough resources. They will address all your issues after closing regardless.

They only offer one final walk through. My walk through for Bluffs 2 is 5/25 (original closing date) and closing date is 5/27.

I see. They used to provide 2 walk throughs 1 week apart which was kinda nice, you know, to knock down any major issues before you actually can start moving in. Generally, you want to pay very close attention to the house for the first few weeks. I think their quality of finish and sign-off standards have been very lax due to the pandemic. However, they will stand by everything that needs to be remedied is my experience.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on May 01, 2022, 02:18:12 PM
Our home is scheduled for final walk thru next month.
Since IP doesnt allow pre drywall inspection, final inspection is the only thing I can do.  Does anyone have a recommendation on 3rd party inspector? How much do i expect to pay for 3k sqft home?

TIA

Just wondering if they are offering you a pre-orientation walk through in addition to a final walk through on the day of closing or only the final one. I am asking because their customer care rep. told me that for future phases they are going to do only the final walk through as they don’t have enough resources. They will address all your issues after closing regardless.

They only offer one final walk through. My walk through for Bluffs 2 is 5/25 (original closing date) and closing date is 5/27.

I see. They used to provide 2 walk throughs 1 week apart which was kinda nice, you know, to knock down any major issues before you actually can start moving in. Generally, you want to pay very close attention to the house for the first few weeks. I think their quality of finish and sign-off standards have been very lax due to the pandemic. However, they will stand by everything that needs to be remedied is my experience.

My final walk through is on the 05/26. Closing on 06/02 and meet up with construction manager.   My guess is on 06/02 they will go over what they are able fix/adjust from first final walk through and things they will try address post escrow.

I was able to reserve Steve from Bilt-Rite for inspection on final walk through day just for a piece of mind.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on May 07, 2022, 08:09:30 PM
Does Eastwood HOA allow satellite disc?

Tia
Title: Re: Fresco @ Eastwood Village
Post by: TestingIrvine on May 08, 2022, 02:54:09 PM
Does Eastwood HOA allow satellite disc?

Tia

I see some in Eastwood. I think it depends on your specific condo HOA if it’s a condo, not the Eastwood HOA
Title: Re: Fresco @ Eastwood Village
Post by: IrvineRealEstate on May 08, 2022, 03:01:44 PM
Are there other inspectors worth asking as well?  Always good to check a few, at least I think.  Thanks.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on May 08, 2022, 04:09:40 PM
Does Eastwood HOA allow satellite disc?

Tia

I see some in Eastwood. I think it depends on your specific condo HOA if it’s a condo, not the Eastwood HOA

The ones you see are from SFR?
It’s for Fresco home.  There is no other HOA aside Eastwood one since it’s a SFR.
Title: Re: Fresco @ Eastwood Village
Post by: SM on May 18, 2022, 11:18:06 PM
Are the new constructions homes in Fresco plan 1x, 2x and 3x appraising to the purchase price ? Or are the bank appraisals falling short.
Information on this would be helpful. TIA
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on May 19, 2022, 07:25:48 AM
Are the new constructions homes in Fresco plan 1x, 2x and 3x appraising to the purchase price ? Or are the bank appraisals falling short.
Information on this would be helpful. TIA

Just had mine appraised by Bofa lender. It’s $10k over final purchase price. I think this kind of appraisal is procedural for loan paperwork but nothing more. The comps are 3 or 4 houses with recent sold prices at least $300k above my final purchase price.

If the same appraiser do later phrases with the same principals, estimated home values definitely will be less than purchase prices.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on May 26, 2022, 01:02:54 PM
We just had out final walkthrough inspection with Kyle from IP. In general, he is very accommodating.  Great guy. Everything is great. We found few cosmetic things like crack stucco, paint chips, crack drywalls, water circulation switch not turn on… which Kyle said IP will fix.  We took our time, turned on every water faucet, flushed every toilet, check every light…The main thing is to listen to instructions on how to use devices in the home.

We also hired Steve. I am glad we did. He showed up on time. He was doing this thing outside w/o interrupting us.Steve found things that we missed like cabinet soft close, outlet not securely tight, holes through ceiling lights and many things. We ran the dishwasher and Steve found little leak. That’s right there is totally worth the money.   He checked the roof, attic, hard to get places.  He will send me the final report as soon as he has it.  We were very impressed with the things he found even we went through the same area earlier and missed. Amazing guy. He will definitely be my home inspector from now on.

To answer a member: IP allows buyer to come and  bring inspector on final walkthrough.  You just have to let construction manager know ahead of time. I had to book Steve in advance and luckily he was available.

Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on May 26, 2022, 01:15:50 PM
We had our final walkthrough yesterday. Sales lady told us to expect 1-1.5 hours, but we ended up taking almost 2.5 hours.

My wife was very thorough with cosmetic checks, so there are lots of little things that need to be fixed.

Overall, my wife was very satisfied with how things turned out, especially with all the upgrades we chose. She was extremely nervous before the walkthrough, but everything, including the combination of the upgrades, was up to her expectations.

Our loan was approved and sent to escrow. We're expecting to sign the loan tomorrow. Very excited to finally get the keys.  ;D
Title: Re: Fresco @ Eastwood Village
Post by: huuur on May 26, 2022, 04:39:27 PM
Sounds exciting! Who is this Steve guy? Is he specializing on new home inspection?
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on May 27, 2022, 10:50:05 PM
Sounds exciting! Who is this Steve guy? Is he specializing on new home inspection?

Steve is the third party inspector from Bilt Rite.  His final report covers lots of things normal buyer like me would not find like chipped tile roof, missing fire sprinklers near furnace in the attic, missing thermal expansion tank…

I forward the punch list to IP construction manager. Hopefully they get them fixed before COE or I’ll delay it until they address the issues.

 
Title: Re: Fresco @ Eastwood Village
Post by: irviniteeee on May 28, 2022, 12:37:21 PM
We had our final walkthrough yesterday. Sales lady told us to expect 1-1.5 hours, but we ended up taking almost 2.5 hours.

My wife was very thorough with cosmetic checks, so there are lots of little things that need to be fixed.

Overall, my wife was very satisfied with how things turned out, especially with all the upgrades we chose. She was extremely nervous before the walkthrough, but everything, including the combination of the upgrades, was up to her expectations.

Our loan was approved and sent to escrow. We're expecting to sign the loan tomorrow. Very excited to finally get the keys.  ;D

Congratulations! I like the part of Eastwood where Fresco is a lot.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on May 28, 2022, 08:41:07 PM
We had our final walkthrough yesterday. Sales lady told us to expect 1-1.5 hours, but we ended up taking almost 2.5 hours.

My wife was very thorough with cosmetic checks, so there are lots of little things that need to be fixed.

Overall, my wife was very satisfied with how things turned out, especially with all the upgrades we chose. She was extremely nervous before the walkthrough, but everything, including the combination of the upgrades, was up to her expectations.

Our loan was approved and sent to escrow. We're expecting to sign the loan tomorrow. Very excited to finally get the keys.  ;D

Congratulations! I like the part of Eastwood where Fresco is a lot.

Thanks, but I bought Bluffs 2 at PS. Just replying in this thread because we were talking about walkthrough.  ;D
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on May 28, 2022, 10:22:26 PM
Question for Fresco owner, does your garage have a thermal expansion tank for tankless water heater?

Read online that tankless water heater with on demand hot water circulation should have one.

I just want to make sure that IP contractor didnt forget to install one for mine.

Thanks,
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on May 28, 2022, 10:39:29 PM
Sounds exciting! Who is this Steve guy? Is he specializing on new home inspection?

Steve is the third party inspector from Bilt Rite.  His final report covers lots of things normal buyer like me would not find like chipped tile roof, missing fire sprinklers near furnace in the attic, missing thermal expansion tank…

I forward the punch list to IP construction manager. Hopefully they get them fixed before COE or I’ll delay it until they address the issues.

I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on May 28, 2022, 10:51:25 PM
On a different note, the entry level plan 1 now is at $2M with conservatory included. High interest rates or not, these homes still sell at a rate of one/week and the price hikes keep chugging along with it.
Title: Re: Fresco @ Eastwood Village
Post by: marmott on May 29, 2022, 07:51:02 AM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on May 29, 2022, 09:48:36 AM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on May 29, 2022, 10:39:06 AM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

I can live with cosmetic issue but not safety issue. Missing fire sprinkler is a problem. Now if IP rep said it’s an old code and they have done other thing to mitigate the risk then I am okay with it. The point is to force IP logging these issues and if something happens, they will be on the hook.
Title: Re: Fresco @ Eastwood Village
Post by: irviniteeee on May 29, 2022, 03:31:42 PM
We had our final walkthrough yesterday. Sales lady told us to expect 1-1.5 hours, but we ended up taking almost 2.5 hours.

My wife was very thorough with cosmetic checks, so there are lots of little things that need to be fixed.

Overall, my wife was very satisfied with how things turned out, especially with all the upgrades we chose. She was extremely nervous before the walkthrough, but everything, including the combination of the upgrades, was up to her expectations.

Our loan was approved and sent to escrow. We're expecting to sign the loan tomorrow. Very excited to finally get the keys.  ;D

Congratulations! I like the part of Eastwood where Fresco is a lot.

Thanks, but I bought Bluffs 2 at PS. Just replying in this thread because we were talking about walkthrough.  ;D

Oh whoops  ;D. Well congrats either way!
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on May 29, 2022, 09:14:43 PM
Question for Fresco owner, does your garage have a thermal expansion tank for tankless water heater?

Read online that tankless water heater with on demand hot water circulation should have one.

I just want to make sure that IP contractor didnt forget to install one for mine.

Thanks,

If you are referring to the missing thermal expansion tank and valve brought up by Steve in his inspection report, Kyle told
me they are not needed for our tankless water heater which is an open system as opposed to closed systems that need it. I checked online and found the following link confirming what he said:

https://homeinspectioninsider.com/tankless-water-heater-expansion-tank/

And yes for the fire-sprinklers he mentioned they used to be a requirement but not anymore. I love Steve but sometimes he’s outdated or extra conservative. With the exception of these two things, the rest of his report was o spot on
 
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on May 29, 2022, 09:28:29 PM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on May 29, 2022, 10:29:44 PM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment
IP reps told me that phrase 8,9 & 10 were very challenging due to supply and labor shortage. Some buyers were angry that they didnt get the correct appliances or contractors did poor jobs or not enough building marterials.  Nice to know IP stands behind their product.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on May 29, 2022, 10:37:48 PM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment
IP reps told me that phrase 8,9 & 10 were very challenging due to supply and labor shortage. Some buyers were angry that they didnt get the correct appliances or contractors did poor jobs or not enough building marterials.  Nice to know IP stands behind their product.

.
Title: Re: Fresco @ Eastwood Village
Post by: huuur on May 30, 2022, 01:01:48 PM
On a different note, the entry level plan 1 now is at $2M with conservatory included. High interest rates or not, these homes still sell at a rate of one/week and the price hikes keep chugging along with it.

Wow, do you have the latest pricing on plan 2 or 3?

I saw the single level plan 4 actually raised the price on redfin
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204
Title: Re: Fresco @ Eastwood Village
Post by: best_potsticker_in_town on May 31, 2022, 11:12:04 AM
On a different note, the entry level plan 1 now is at $2M with conservatory included. High interest rates or not, these homes still sell at a rate of one/week and the price hikes keep chugging along with it.

Wow, do you have the latest pricing on plan 2 or 3?

I saw the single level plan 4 actually raised the price on redfin
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204

Not unusual for the price increase. It's likely because they've reached another phase in construction and IP Sales Office selected upgrades - which they've added into the sale price.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on May 31, 2022, 11:06:02 PM
On a different note, the entry level plan 1 now is at $2M with conservatory included. High interest rates or not, these homes still sell at a rate of one/week and the price hikes keep chugging along with it.

Wow, do you have the latest pricing on plan 2 or 3?

I saw the single level plan 4 actually raised the price on redfin
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204


Oh, I thought someone on this thread mentioned the sales office told him that the single story home had already been signed for. I wouldn’t be surprised if it’s still sitting on the market though

I have attached the latest price sheet here.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on June 01, 2022, 06:31:14 AM
On a different note, the entry level plan 1 now is at $2M with conservatory included. High interest rates or not, these homes still sell at a rate of one/week and the price hikes keep chugging along with it.

Wow, do you have the latest pricing on plan 2 or 3?

I saw the single level plan 4 actually raised the price on redfin
https://www.redfin.com/CA/Irvine/101-Reflection-92602/unit-123/home/179130204


Oh, I thought someone on this thread mentioned the sales office told him that the single story home had already been signed for. I wouldn’t be surprised if it’s still sitting on the market though

I have attached the latest price sheet here.

The deal must've fell through on that single level one.

Are these on the premium lots? Pricing for model 2 and 3 b4 adding bonus room are nut.
Title: Re: Fresco @ Eastwood Village
Post by: huuur on June 01, 2022, 02:36:01 PM
Phase 13
plan 1, 2213 sqft = 1.647M (conservartory included)
plan 2, 2639 sqft = 1.763M (conservartory included)
plan 3,3024 sqft = 1.934M (Bonus room included + conservartory not an option)


Phase 14B
plan 1, 2213 sqft = 1.67M
plan 2, 2639 sqft = 1.87M (conservartory included)
plan 3,2638 sqft = 1.948M

Phase 14C
Plan2, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M

Phase 15B:
Plan 2 (conservatory + 5th bedroom): 2.235M
Plan 3 (conservatory + bonus room): 2.426M (Large lot)

Phase 16:
Plan 1 (conservatory): 1.995M
Plan 2 (conservatory): 2.379M (Large lot)
Plan 3 (no conservatory): 2.231M

Looking at plan 3 (no conservatory), the price increased by another 140K since phase 15A? I thought the market is cooling down?

Phase 17:
Plan 1 (2389 sqft): 2.089M
Plan 2 (conservatory): 2.3M (not included in this release)
Plan 3 (3024 sqft): 2.363M
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on June 01, 2022, 03:55:56 PM
Phase 14C
Plan2, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M

Phase 15B:
Plan 2 (conservatory + 5th bedroom): 2.235M
Plan 3 (conservatory + bonus room): 2.426M (Large lot)

Phase 16:
Plan 1 (conservatory): 1.995M
Plan 2 (conservatory): 2.379M (Large lot)
Plan 3 (no conservatory): 2.231M

Looking at plan 3 (no conservatory), the price increased by another 140K since phase 15A? I thought the market is cooling down?

I think Model 3+ has bonus room included. If not, that is way too expensive. $2.23m + $120k(loft) = $2.35m 😤
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on June 01, 2022, 04:04:38 PM
Phase 14C
Plan2, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M

Phase 15B:
Plan 2 (conservatory + 5th bedroom): 2.235M
Plan 3 (conservatory + bonus room): 2.426M (Large lot)

Phase 16:
Plan 1 (conservatory): 1.995M
Plan 2 (conservatory): 2.379M (Large lot)
Plan 3 (no conservatory): 2.231M

Looking at plan 3 (no conservatory), the price increased by another 140K since phase 15A? I thought the market is cooling down?

I think Model 3+ has bonus room included. If not, that is way too expensive. $2.23m + $120k(loft) = $2.35m 😤

I don't think so.  Plan 3 in phase 14C has bonus room and no conservatory and it's 3024 sq ft. This one is 2638 sq ft, so it should be no bonus room and no conservatory.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on June 01, 2022, 11:32:11 PM
Phase 14C
Plan2, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M

Phase 15B:
Plan 2 (conservatory + 5th bedroom): 2.235M
Plan 3 (conservatory + bonus room): 2.426M (Large lot)

Phase 16:
Plan 1 (conservatory): 1.995M
Plan 2 (conservatory): 2.379M (Large lot)
Plan 3 (no conservatory): 2.231M

Looking at plan 3 (no conservatory), the price increased by another 140K since phase 15A? I thought the market is cooling down?


Yes, I was surprised too but seems like there are still some buyers out there who are not price sensitive (specially those with Bay Area price expectations). Even if they aren’t many, the limited inventory makes them enough to keep the prices going
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on June 02, 2022, 07:38:54 AM
Phase 14C
Plan2, 2944 sqft, 3951 sqft lot,  price = $2.113M (including conservetory + bonus room)
Plan3, 3024 sqft, 3951 sqft lot, price = $2.166M  (including bonus room, conservertory not an option)

Phase 15A:
Plan 1 (no conservatory): 1.851M
Plan 3 (no conservatory): 2.088M

Phase 15B:
Plan 2 (conservatory + 5th bedroom): 2.235M
Plan 3 (conservatory + bonus room): 2.426M (Large lot)

Phase 16:
Plan 1 (conservatory): 1.995M
Plan 2 (conservatory): 2.379M (Large lot)
Plan 3 (no conservatory): 2.231M

Looking at plan 3 (no conservatory), the price increased by another 140K since phase 15A? I thought the market is cooling down?


Yes, I was surprised too but seems like there are still some buyers out there who are not price sensitive (specially those with Bay Area price expectations). Even if they aren’t many, the limited inventory makes them enough to keep the prices going

This is just phrase 16 price sheet. I am not sure if any of the homes has been reserved yet. With a long pre approval list, IP must be confident they can sell these homes.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on June 03, 2022, 05:55:47 AM
We managed to close escrow yesterday. It was an exhausted marathon. Everything happened on one day. Our lender Bofa didnt sent over the loan to FA until the night b4 COE. FA had to scramble getting loan docs ready in the morning then sent a notary person over our home for signatures in the afternoon. My wife is an accountant  with her keen eyes so she caught a typo in our Trust name on the Deed and few other places so we had to inform Bofa and FA to fix the docs. Dont know how my wife was able to catch the error under a mountain of paperworks. That took another 1 hr.

Two hour later, we managed to wire the down payment to FA. Then we hopped over to the new home to go over the issue list. IP pretty much fixed 80% of the issue and will have the rest addressed in next couple of days.

By 4:30, Deed was recorded by the county and we got the home keys. It’s been a long 10 month journey from start to finish. 8)
Title: Re: Fresco @ Eastwood Village
Post by: marmott on June 03, 2022, 07:30:34 AM
Congratulations, it a great feeling to finally have the keys in hand  :)
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on June 03, 2022, 11:15:36 AM
We managed to close escrow yesterday. It was an exhausted marathon. Everything happened on one day. Our lender Bofa didnt sent over the loan to FA until the night b4 COE. FA had to scramble getting loan docs ready in the morning then sent a notary person over our home for signatures in the afternoon. My wife is an accountant  with her keen eyes so she caught a typo in our Trust name on the Deed and few other places so we had to inform Bofa and FA to fix the docs. Dont know how my wife was able to catch the error under a mountain of paperworks. That took another 1 hr.

Two hour later, we managed to wire the down payment to FA. Then we hopped over to the new home to go over the issue list. IP pretty much fixed 80% of the issue and will have the rest addressed in next couple of days.

By 4:30, Deed was recorded by the county and we got the home keys. It’s been a long 10 month journey from start to finish. 8)

Congrats!!!
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on June 06, 2022, 11:34:08 PM
We managed to close escrow yesterday. It was an exhausted marathon. Everything happened on one day. Our lender Bofa didnt sent over the loan to FA until the night b4 COE. FA had to scramble getting loan docs ready in the morning then sent a notary person over our home for signatures in the afternoon. My wife is an accountant  with her keen eyes so she caught a typo in our Trust name on the Deed and few other places so we had to inform Bofa and FA to fix the docs. Dont know how my wife was able to catch the error under a mountain of paperworks. That took another 1 hr.

Two hour later, we managed to wire the down payment to FA. Then we hopped over to the new home to go over the issue list. IP pretty much fixed 80% of the issue and will have the rest addressed in next couple of days.

By 4:30, Deed was recorded by the county and we got the home keys. It’s been a long 10 month journey from start to finish. 8)

Congrats on the new house. Was curious about the interest rate situation now (only if you’ feel comfortable sharing that info). Were you able to lock in a reasonable interest rate a while back, or did you wait till you’re closer to the closing date risking the potential higher rates
Title: Re: Fresco @ Eastwood Village
Post by: OCPricedOut on June 07, 2022, 08:47:15 AM
Does anyone know if homeowners are allowed to install Ring doorbells, or would that be considered modification of exterior and requires HOA approval?
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on June 07, 2022, 08:52:20 AM
Does anyone know if homeowners are allowed to install Ring doorbells, or would that be considered modification of exterior and requires HOA approval?

Requires HOA approval as do all exterior facing modifications.
Title: Re: Fresco @ Eastwood Village
Post by: Compressed-Village on June 07, 2022, 09:05:36 AM
Does anyone know if homeowners are allowed to install Ring doorbells, or would that be considered modification of exterior and requires HOA approval?

Requires HOA approval as do all exterior facing modifications.

This has become the standard, minimum security feature for homes nowaday that HOA approval is not neccessary. It isn't the same as painting your housing pink and not formally request prior to getting the work done.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on June 07, 2022, 11:28:36 AM
Does anyone know if homeowners are allowed to install Ring doorbells, or would that be considered modification of exterior and requires HOA approval?

Requires HOA approval as do all exterior facing modifications.

This has become the standard, minimum security feature for homes nowaday that HOA approval is not neccessary. It isn't the same as painting your housing pink and not formally request prior to getting the work done.

I asked IP customer service and he said that if Ring and security cameras are same/similar colors to the exterior walls, it should be ok.
Title: Re: Fresco @ Eastwood Village
Post by: SWATeam on June 12, 2022, 12:35:02 AM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment
IP reps told me that phrase 8,9 & 10 were very challenging due to supply and labor shortage. Some buyers were angry that they didnt get the correct appliances or contractors did poor jobs or not enough building marterials.  Nice to know IP stands behind their product.

I saw this older topic and wanted to comment.  Did you hear that the inspector Steve from Bilt-Rite flooded a new home? Unintentionally most likely, but he was at fault during his inspection and claimed no responsibility.  Now all homes in those communities now require a waiver of liability from the buyer to bring on an inspector.  If you want more details, feel free to ask California Pacific, but yea just be aware that you may want to reconsider his services.  His reports also are very cookie-cutter templates with out of date codes if you look at more than one of his reports.
 
Title: Re: Fresco @ Eastwood Village
Post by: best_potsticker_in_town on June 12, 2022, 12:14:05 PM
Does anyone know if homeowners are allowed to install Ring doorbells, or would that be considered modification of exterior and requires HOA approval?

Requires HOA approval as do all exterior facing modifications.

This has become the standard, minimum security feature for homes nowaday that HOA approval is not neccessary. It isn't the same as painting your housing pink and not formally request prior to getting the work done.

HOA approval is required at multiple communities in Irvine, including Eastwood Village. Will most boards and property management companies look the other way - likely yes. But, per the bylaws, you can still be written up for it.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on June 12, 2022, 09:58:05 PM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment
IP reps told me that phrase 8,9 & 10 were very challenging due to supply and labor shortage. Some buyers were angry that they didnt get the correct appliances or contractors did poor jobs or not enough building marterials.  Nice to know IP stands behind their product.

I saw this older topic and wanted to comment.  Did you hear that the inspector Steve from Bilt-Rite flooded a new home? Unintentionally most likely, but he was at fault during his inspection and claimed no responsibility.  Now all homes in those communities now require a waiver of liability from the buyer to bring on an inspector.  If you want more details, feel free to ask California Pacific, but yea just be aware that you may want to reconsider his services.  His reports also are very cookie-cutter templates with out of date codes if you look at more than one of his reports.
 


Interesting!

Which community was this? How did he manage to do that kind of damage? And how was he unable to shut off the main water supply before too much damage is done…too many questions.
Title: Re: Fresco @ Eastwood Village
Post by: SWATeam on June 12, 2022, 11:44:45 PM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment
IP reps told me that phrase 8,9 & 10 were very challenging due to supply and labor shortage. Some buyers were angry that they didnt get the correct appliances or contractors did poor jobs or not enough building marterials.  Nice to know IP stands behind their product.

I saw this older topic and wanted to comment.  Did you hear that the inspector Steve from Bilt-Rite flooded a new home? Unintentionally most likely, but he was at fault during his inspection and claimed no responsibility.  Now all homes in those communities now require a waiver of liability from the buyer to bring on an inspector.  If you want more details, feel free to ask California Pacific, but yea just be aware that you may want to reconsider his services.  His reports also are very cookie-cutter templates with out of date codes if you look at more than one of his reports.
 


Interesting!

Which community was this? How did he manage to do that kind of damage? And how was he unable to shut off the main water supply before too much damage is done…too many questions.

I'll PM you the details.
Title: Re: Fresco @ Eastwood Village
Post by: trematix on June 13, 2022, 12:46:47 PM
Can you PM me as well?


I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment
IP reps told me that phrase 8,9 & 10 were very challenging due to supply and labor shortage. Some buyers were angry that they didnt get the correct appliances or contractors did poor jobs or not enough building marterials.  Nice to know IP stands behind their product.

I saw this older topic and wanted to comment.  Did you hear that the inspector Steve from Bilt-Rite flooded a new home? Unintentionally most likely, but he was at fault during his inspection and claimed no responsibility.  Now all homes in those communities now require a waiver of liability from the buyer to bring on an inspector.  If you want more details, feel free to ask California Pacific, but yea just be aware that you may want to reconsider his services.  His reports also are very cookie-cutter templates with out of date codes if you look at more than one of his reports.
 


Interesting!

Which community was this? How did he manage to do that kind of damage? And how was he unable to shut off the main water supply before too much damage is done…too many questions.

I'll PM you the details.
Title: Re: Fresco @ Eastwood Village
Post by: box on June 13, 2022, 01:03:35 PM
If you could PM me as well, I'm also interested in the details.

Can you PM me as well?


I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment
IP reps told me that phrase 8,9 & 10 were very challenging due to supply and labor shortage. Some buyers were angry that they didnt get the correct appliances or contractors did poor jobs or not enough building marterials.  Nice to know IP stands behind their product.

I saw this older topic and wanted to comment.  Did you hear that the inspector Steve from Bilt-Rite flooded a new home? Unintentionally most likely, but he was at fault during his inspection and claimed no responsibility.  Now all homes in those communities now require a waiver of liability from the buyer to bring on an inspector.  If you want more details, feel free to ask California Pacific, but yea just be aware that you may want to reconsider his services.  His reports also are very cookie-cutter templates with out of date codes if you look at more than one of his reports.
 


Interesting!

Which community was this? How did he manage to do that kind of damage? And how was he unable to shut off the main water supply before too much damage is done…too many questions.

I'll PM you the details.
Title: Re: Fresco @ Eastwood Village
Post by: SoCali on June 17, 2022, 11:08:59 PM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment

I'm new to the forum, and as I was reading through the Fresco thread, I had to create an account to write and ask other Fresco buyers if any of you also have issues with your cabinets like this buyer in phase 10 mentioned in a previous post.

We recently closed, and our cabinet is a mess--so many dents, misaligned doors and frame, holes here and there, nails sticking out, and the list goes on and on.

IP told us they're going to have the cabinet team come and fix the issues we pointed out during our walk-through, but as we're cleaning our home, we're finding more issues. I'm not even sure if they are fixable and how much effort is need to to "fix" these issues.

I have never seen this kind of quality. We were told that this is because of labor shortage. I'm curious if others who recently closed an IP (or Fresco) home have similar issues like us.
Title: Re: Fresco @ Eastwood Village
Post by: The California Court Company on June 17, 2022, 11:30:17 PM
they are going for the distressed wood look.

I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment

I'm new to the forum, and as I was reading through the Fresco thread, I had to create an account to write and ask other Fresco buyers if any of you also have issues with your cabinets like this buyer in phase 10 mentioned in a previous post.

We recently closed, and our cabinet is a mess--so many dents, misaligned doors and frame, holes here and there, nails sticking out, and the list goes on and on.

IP told us they're going to have the cabinet team come and fix the issues we pointed out during our walk-through, but as we're cleaning our home, we're finding more issues. I'm not even sure if they are fixable and how much effort is need to to "fix" these issues.

I have never seen this kind of quality. We were told that this is because of labor shortage. I'm curious if others who recently closed an IP (or Fresco) home have similar issues like us.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on June 18, 2022, 12:32:26 AM
I'm new to the forum, and as I was reading through the Fresco thread, I had to create an account to write and ask other Fresco buyers if any of you also have issues with your cabinets like this buyer in phase 10 mentioned in a previous post.

We recently closed, and our cabinet is a mess--so many dents, misaligned doors and frame, holes here and there, nails sticking out, and the list goes on and on.

IP told us they're going to have the cabinet team come and fix the issues we pointed out during our walk-through, but as we're cleaning our home, we're finding more issues. I'm not even sure if they are fixable and how much effort is need to to "fix" these issues.

I have never seen this kind of quality. We were told that this is because of labor shortage. I'm curious if others who recently closed an IP (or Fresco) home have similar issues like us.

We recently closed at Bluffs and our cabinets came out really good. There were mainly only touch up to be done. But, as far as I know, different IP communities use different contractors, so my experience is probably not relevant to you.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on June 18, 2022, 11:09:04 AM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment

I'm new to the forum, and as I was reading through the Fresco thread, I had to create an account to write and ask other Fresco buyers if any of you also have issues with your cabinets like this buyer in phase 10 mentioned in a previous post.

We recently closed, and our cabinet is a mess--so many dents, misaligned doors and frame, holes here and there, nails sticking out, and the list goes on and on.

IP told us they're going to have the cabinet team come and fix the issues we pointed out during our walk-through, but as we're cleaning our home, we're finding more issues. I'm not even sure if they are fixable and how much effort is need to to "fix" these issues.

I have never seen this kind of quality. We were told that this is because of labor shortage. I'm curious if others who recently closed an IP (or Fresco) home have similar issues like us.

I just closed Fresco recently too.  Mine came out pretty good. No misalign or nails sticking out  but few touchup needed here and there. 

 IP already placed a request to South Coast Cabinets for our home.  These guys are slow to respond. Same thing as wood floor contractor. I am still waiting for them to touch up some spots. 

IP is usually good with home warranty. They will fix it for you.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 18, 2022, 12:13:15 PM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment

I'm new to the forum, and as I was reading through the Fresco thread, I had to create an account to write and ask other Fresco buyers if any of you also have issues with your cabinets like this buyer in phase 10 mentioned in a previous post.

We recently closed, and our cabinet is a mess--so many dents, misaligned doors and frame, holes here and there, nails sticking out, and the list goes on and on.

IP told us they're going to have the cabinet team come and fix the issues we pointed out during our walk-through, but as we're cleaning our home, we're finding more issues. I'm not even sure if they are fixable and how much effort is need to to "fix" these issues.

I have never seen this kind of quality. We were told that this is because of labor shortage. I'm curious if others who recently closed an IP (or Fresco) home have similar issues like us.

We also closed Fresco recently..we have our complaints with quality of build. IP service takes care of issue but it's painful and time consuming when we have to shedule appts for folks to come do the work. All of these should have been addressed before turning over.
I agree, some of these are no longer fixable...should have been done right at the outset.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on June 18, 2022, 11:37:23 PM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment

I'm new to the forum, and as I was reading through the Fresco thread, I had to create an account to write and ask other Fresco buyers if any of you also have issues with your cabinets like this buyer in phase 10 mentioned in a previous post.

We recently closed, and our cabinet is a mess--so many dents, misaligned doors and frame, holes here and there, nails sticking out, and the list goes on and on.

IP told us they're going to have the cabinet team come and fix the issues we pointed out during our walk-through, but as we're cleaning our home, we're finding more issues. I'm not even sure if they are fixable and how much effort is need to to "fix" these issues.

I have never seen this kind of quality. We were told that this is because of labor shortage. I'm curious if others who recently closed an IP (or Fresco) home have similar issues like us.

I tried to probe the south coast cabinets guy about what happened at the problematic phase 10 house when he came over for some minor touch ups. He said it was a confluence of factors. First, they brought in the cabinets into the house sometime before they were due for installation and stored them somewhere unprotected while other work was still being done. Naturally, they got knocked down, stepped on and paint dripping on them, etc…. Second, they have a couple of installers that are not up to standard, who happened to work on this particular house, so it was the perfect storm.

And you are absolutely right, some of these issues can become unfixable. Another story I heard about a house across the street needing to get some drywall work done after which they couldn’t match the paint color covering the area they fixed due to some I couldn’t understand. IP got a couple of different guys to fix it but to no avail. So give them a chance to fix it and if you’re not satisfied just keep at it.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on June 19, 2022, 09:26:56 AM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment

I'm new to the forum, and as I was reading through the Fresco thread, I had to create an account to write and ask other Fresco buyers if any of you also have issues with your cabinets like this buyer in phase 10 mentioned in a previous post.

We recently closed, and our cabinet is a mess--so many dents, misaligned doors and frame, holes here and there, nails sticking out, and the list goes on and on.

IP told us they're going to have the cabinet team come and fix the issues we pointed out during our walk-through, but as we're cleaning our home, we're finding more issues. I'm not even sure if they are fixable and how much effort is need to to "fix" these issues.

I have never seen this kind of quality. We were told that this is because of labor shortage. I'm curious if others who recently closed an IP (or Fresco) home have similar issues like us.

I tried to probe the south coast cabinets guy about what happened at the problematic phase 10 house when he came over for some minor touch ups. He said it was a confluence of factors. First, they brought in the cabinets into the house sometime before they were due for installation and stored them somewhere unprotected while other work was still being done. Naturally, they got knocked down, stepped on and paint dripping on them, etc…. Second, they have a couple of installers that are not up to standard, who happened to work on this particular house, so it was the perfect storm.

And you are absolutely right, some of these issues can become unfixable. Another story I heard about a house across the street needing to get some drywall work done after which they couldn’t match the paint color covering the area they fixed due to some I couldn’t understand. IP got a couple of different guys to fix it but to no avail. So give them a chance to fix it and if you’re not satisfied just keep at it.

There is also a satisfactory survey which sounds pretty important to one of the IP reps. I am not going to fill it out for at least 6 months.

We also tip ($20-100) repairmen when they come over to do the works. Couple of them come back for some other works and they would go extra miles fixing other issues for us.

My house is in phrase 12. I notice it took IP a while to get from having the frame to drywall and building interior of the homes. But for phrase 13, they didnt lay down foundation at least 1 month after phrase 12 but IP closed escrow on these homes a week after phrase 12. Seems like they rushed to make end of fiscal year deadline which may have compromised some build qualities.
Title: Re: Fresco @ Eastwood Village
Post by: SoCali on June 19, 2022, 03:53:10 PM

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment

I'm new to the forum, and as I was reading through the Fresco thread, I had to create an account to write and ask other Fresco buyers if any of you also have issues with your cabinets like this buyer in phase 10 mentioned in a previous post.

We recently closed, and our cabinet is a mess--so many dents, misaligned doors and frame, holes here and there, nails sticking out, and the list goes on and on.

IP told us they're going to have the cabinet team come and fix the issues we pointed out during our walk-through, but as we're cleaning our home, we're finding more issues. I'm not even sure if they are fixable and how much effort is need to to "fix" these issues.

I have never seen this kind of quality. We were told that this is because of labor shortage. I'm curious if others who recently closed an IP (or Fresco) home have similar issues like us.

I tried to probe the south coast cabinets guy about what happened at the problematic phase 10 house when he came over for some minor touch ups. He said it was a confluence of factors. First, they brought in the cabinets into the house sometime before they were due for installation and stored them somewhere unprotected while other work was still being done. Naturally, they got knocked down, stepped on and paint dripping on them, etc…. Second, they have a couple of installers that are not up to standard, who happened to work on this particular house, so it was the perfect storm.

And you are absolutely right, some of these issues can become unfixable. Another story I heard about a house across the street needing to get some drywall work done after which they couldn’t match the paint color covering the area they fixed due to some I couldn’t understand. IP got a couple of different guys to fix it but to no avail. So give them a chance to fix it and if you’re not satisfied just keep at it.

There is also a satisfactory survey which sounds pretty important to one of the IP reps. I am not going to fill it out for at least 6 months.

We also tip ($20-100) repairmen when they come over to do the works. Couple of them come back for some other works and they would go extra miles fixing other issues for us.

My house is in phrase 12. I notice it took IP a while to get from having the frame to drywall and building interior of the homes. But for phrase 13, they didnt lay down foundation at least 1 month after phrase 12 but IP closed escrow on these homes a week after phrase 12. Seems like they rushed to make end of fiscal year deadline which may have compromised some build qualities.

Thank you all for sharing your situation and for the advice! I'll let you know when things get resolved if anyone is interested. I'm sure it'll take a while tho... It's nice to "meet" many neighbors online!
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on June 19, 2022, 08:56:05 PM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment

I'm new to the forum, and as I was reading through the Fresco thread, I had to create an account to write and ask other Fresco buyers if any of you also have issues with your cabinets like this buyer in phase 10 mentioned in a previous post.

We recently closed, and our cabinet is a mess--so many dents, misaligned doors and frame, holes here and there, nails sticking out, and the list goes on and on.

IP told us they're going to have the cabinet team come and fix the issues we pointed out during our walk-through, but as we're cleaning our home, we're finding more issues. I'm not even sure if they are fixable and how much effort is need to to "fix" these issues.

I have never seen this kind of quality. We were told that this is because of labor shortage. I'm curious if others who recently closed an IP (or Fresco) home have similar issues like us.

I tried to probe the south coast cabinets guy about what happened at the problematic phase 10 house when he came over for some minor touch ups. He said it was a confluence of factors. First, they brought in the cabinets into the house sometime before they were due for installation and stored them somewhere unprotected while other work was still being done. Naturally, they got knocked down, stepped on and paint dripping on them, etc…. Second, they have a couple of installers that are not up to standard, who happened to work on this particular house, so it was the perfect storm.

And you are absolutely right, some of these issues can become unfixable. Another story I heard about a house across the street needing to get some drywall work done after which they couldn’t match the paint color covering the area they fixed due to some I couldn’t understand. IP got a couple of different guys to fix it but to no avail. So give them a chance to fix it and if you’re not satisfied just keep at it.

There is also a satisfactory survey which sounds pretty important to one of the IP reps. I am not going to fill it out for at least 6 months.

We also tip ($20-100) repairmen when they come over to do the works. Couple of them come back for some other works and they would go extra miles fixing other issues for us.

My house is in phrase 12. I notice it took IP a while to get from having the frame to drywall and building interior of the homes. But for phrase 13, they didnt lay down foundation at least 1 month after phrase 12 but IP closed escrow on these homes a week after phrase 12. Seems like they rushed to make end of fiscal year deadline which may have compromised some build qualities.

No need to delay filling out the survey. There should be 2 more coming to fill out. A six month and a twelve month one. This is what one of the move-in package papers outlined
Title: Re: Fresco @ Eastwood Village
Post by: best_potsticker_in_town on June 19, 2022, 09:35:59 PM
I don’t believe there is anything that can delay closing at this point. Any cosmetic issues that don’t prohibit the buyer from occupying the property and functioning normally while living in it will not qualify as sufficient reason for an escrow delay. All other unaddressed issues they will commit to fixing after closing.

You don’t think not meeting code is a good enough reason to delay closing? The missing sprinkler in the attic looks like a pretty big reason to delay for me…

What meets code or not gets to be a bit subjective. In my case, IP didn't agree with one of Steve's finding stating in this particular case Steve was referring to an outdated code...And IP is not going to delay closing for findings on Steve's report alone because per IP they have already got the home inspected by the city.

When I bought Petaluma new construction in 2018, the fit and finish was so much better than Fresco. I have stopped noticing small annoying things that should have been take care of at the time of construction...now too late.

My wife heard some horror stories from one of the buyers down the street in phase 10. Basically, most of their kitchen cabinet doors need to be replaced because of dents and paint drips, a broken floor tile that took all day to replace and created lots of dust to finally have the new one with the wrong grout color, and a mismatched counter tops for the kitchen and bathrooms. They will stand by their final product but talk about the headache and disappointment

I'm new to the forum, and as I was reading through the Fresco thread, I had to create an account to write and ask other Fresco buyers if any of you also have issues with your cabinets like this buyer in phase 10 mentioned in a previous post.

We recently closed, and our cabinet is a mess--so many dents, misaligned doors and frame, holes here and there, nails sticking out, and the list goes on and on.

IP told us they're going to have the cabinet team come and fix the issues we pointed out during our walk-through, but as we're cleaning our home, we're finding more issues. I'm not even sure if they are fixable and how much effort is need to to "fix" these issues.

I have never seen this kind of quality. We were told that this is because of labor shortage. I'm curious if others who recently closed an IP (or Fresco) home have similar issues like us.

I tried to probe the south coast cabinets guy about what happened at the problematic phase 10 house when he came over for some minor touch ups. He said it was a confluence of factors. First, they brought in the cabinets into the house sometime before they were due for installation and stored them somewhere unprotected while other work was still being done. Naturally, they got knocked down, stepped on and paint dripping on them, etc…. Second, they have a couple of installers that are not up to standard, who happened to work on this particular house, so it was the perfect storm.

And you are absolutely right, some of these issues can become unfixable. Another story I heard about a house across the street needing to get some drywall work done after which they couldn’t match the paint color covering the area they fixed due to some I couldn’t understand. IP got a couple of different guys to fix it but to no avail. So give them a chance to fix it and if you’re not satisfied just keep at it.

There is also a satisfactory survey which sounds pretty important to one of the IP reps. I am not going to fill it out for at least 6 months.

We also tip ($20-100) repairmen when they come over to do the works. Couple of them come back for some other works and they would go extra miles fixing other issues for us.

My house is in phrase 12. I notice it took IP a while to get from having the frame to drywall and building interior of the homes. But for phrase 13, they didnt lay down foundation at least 1 month after phrase 12 but IP closed escrow on these homes a week after phrase 12. Seems like they rushed to make end of fiscal year deadline which may have compromised some build qualities.

No need to delay filling out the survey. There should be 2 more coming to fill out. A six month and a twelve month one. This is what one of the move-in package papers outlined

Holding off on their surveys is not a bad idea. They will call you periodically to remind you - at which point you can voice any concerns you have. They will quickly attempt to address it.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 25, 2022, 07:20:44 PM
I am continuing to find issues in various places. The construction quality this time was very shoddy, atleast for phase we bought. The extra insulation that we paid for is a joke, excess stucco at places, poor quality installation of "upgraded carpet". A lot of these are unfixable. Builder could claim labor shortage/support chain as reasons but they didn't give us any discount to compensate for all these issues....
Title: Re: Fresco @ Eastwood Village
Post by: someguy on June 25, 2022, 07:37:05 PM
I am continuing to find issues in various places. The construction quality this time was very shoddy, atleast for phase we bought. The extra insulation that we paid for is a joke, excess stucco at places, poor quality installation of "upgraded carpet". A lot of these are unfixable. Builder could claim labor shortage/support chain as reasons but they didn't give us any discount to compensate for all these issues....

This isn't the first example of obvious poor build quality in Irvine lately.  Sounds like the ol' construction defect legal teams will have no shortage of work in the near future.
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on June 25, 2022, 07:49:14 PM
I am continuing to find issues in various places. The construction quality this time was very shoddy, atleast for phase we bought. The extra insulation that we paid for is a joke, excess stucco at places, poor quality installation of "upgraded carpet". A lot of these are unfixable. Builder could claim labor shortage/support chain as reasons but they didn't give us any discount to compensate for all these issues....

This isn't the first example of obvious poor build quality in Irvine lately.  Sounds like the ol' construction defect legal teams will have no shortage of work in the near future.

It's not just iPac, all the builders have sloppy workmanship.
Title: Re: Fresco @ Eastwood Village
Post by: Ready2Downsize on June 25, 2022, 09:13:44 PM
My spec home was near drywall time mid December when the builder shut construction down for the holidays. My daughters house in San Diego was a dirt lot end of January. Somehow her house was dry walled before mine and closed escrow before Memorial Day, barely after mine.

At the walk thru we asked how come it takes so long to finish building a single story sun 2000 sq foot house when Lennar was able to completely grade and finish a 3100 sq foot house in less than four months in high regulation California.

This was the response:

Some builders put houses up quick and if they r missing items they skip steps and go back and finish things that should have not been done in that order. If they don’t have windows (big problem getting those here apparently) they just move on and drywall, etc goes on. But after close lots of houses have leaks.

Second specific to Lennar, they have way too many houses under construction at one time for the construction head to be able to really keep an eye on things.

In the OC, the builders use subcontractors so same workers go to all the builders.

Monsoon came here. Not one problem.

Costco should be dropping gas there soon. Dropped prices twice yesterday and again today. U can’t be far behind for a significant drop.
Title: Re: Fresco @ Eastwood Village
Post by: Yousr on June 25, 2022, 10:15:25 PM
I am continuing to find issues in various places. The construction quality this time was very shoddy, atleast for phase we bought. The extra insulation that we paid for is a joke, excess stucco at places, poor quality installation of "upgraded carpet". A lot of these are unfixable. Builder could claim labor shortage/support chain as reasons but they didn't give us any discount to compensate for all these issues....

I just really hope that all these remain cosmetic issues and are not a harbinger of more serious “structural” sloppiness
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on June 25, 2022, 10:19:31 PM
I am continuing to find issues in various places. The construction quality this time was very shoddy, atleast for phase we bought. The extra insulation that we paid for is a joke, excess stucco at places, poor quality installation of "upgraded carpet". A lot of these are unfixable. Builder could claim labor shortage/support chain as reasons but they didn't give us any discount to compensate for all these issues....

What phrase were you in and which lot? Mine got full house insulation. I can tell you it works much better than my old home. When i need to talk to my son, i have to call him on alexa. Yelling from downstair to his room upstair doesnt work when he closes his door.

We had some crack stuccos which were taken care by IP contractor last week.  Where do you have excess stucco? Dont hesitate to contact IP for things that you think should be fixed.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on June 25, 2022, 11:20:39 PM
I am continuing to find issues in various places. The construction quality this time was very shoddy, atleast for phase we bought. The extra insulation that we paid for is a joke, excess stucco at places, poor quality installation of "upgraded carpet". A lot of these are unfixable. Builder could claim labor shortage/support chain as reasons but they didn't give us any discount to compensate for all these issues....

What phrase were you in and which lot? Mine got full house insulation. I can tell you it works much better than my old home. When i need to talk to my son, i have to call him on alexa. Yelling from downstair to his room upstair doesnt work when he closes his door.

We had some crack stuccos which were taken care by IP contractor last week.  Where do you have excess stucco? Dont hesitate to contact IP for things that you think should be fixed.

The high ceiling in the great room seems to have rendered the full house insulation useless for my Bluffs 2. The sound from Youtube clips I watch in my office (bedroom 4) travels to our master bedroom even with the door closed.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on June 26, 2022, 08:16:17 AM
I am continuing to find issues in various places. The construction quality this time was very shoddy, atleast for phase we bought. The extra insulation that we paid for is a joke, excess stucco at places, poor quality installation of "upgraded carpet". A lot of these are unfixable. Builder could claim labor shortage/support chain as reasons but they didn't give us any discount to compensate for all these issues....

What phrase were you in and which lot? Mine got full house insulation. I can tell you it works much better than my old home. When i need to talk to my son, i have to call him on alexa. Yelling from downstair to his room upstair doesnt work when he closes his door.

We had some crack stuccos which were taken care by IP contractor last week.  Where do you have excess stucco? Dont hesitate to contact IP for things that you think should be fixed.

The high ceiling in the great room seems to have rendered the full house insulation useless for my Bluffs 2. The sound from Youtube clips I watch in my office (bedroom 4) travels to our master bedroom even with the door closed.

Mine has a loft so that may have help. From the engineering stand point, open ceiling effectively turns a house into a semi tunnel which bounces the sounds everywhere.

For wall to wall insulation, it is pretty effective. My daughter room is next to the laundry. I can barely hear the dryer only at her door due to bottom door gap not through the wall. At my old home w/o insulation, we tried not to do laundry late at night. The entire second floor could hear washer/dryer running.
 
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 26, 2022, 08:51:24 AM
I am continuing to find issues in various places. The construction quality this time was very shoddy, atleast for phase we bought. The extra insulation that we paid for is a joke, excess stucco at places, poor quality installation of "upgraded carpet". A lot of these are unfixable. Builder could claim labor shortage/support chain as reasons but they didn't give us any discount to compensate for all these issues....

What phrase were you in and which lot? Mine got full house insulation. I can tell you it works much better than my old home. When i need to talk to my son, i have to call him on alexa. Yelling from downstair to his room upstair doesnt work when he closes his door.

We had some crack stuccos which were taken care by IP contractor last week.  Where do you have excess stucco? Dont hesitate to contact IP for things that you think should be fixed.

The high ceiling in the great room seems to have rendered the full house insulation useless for my Bluffs 2. The sound from Youtube clips I watch in my office (bedroom 4) travels to our master bedroom even with the door closed.

Mine has a loft so that may have help. From the engineering stand point, open ceiling effectively turns a house into a semi tunnel which bounces the sounds everywhere.

For wall to wall insulation, it is pretty effective. My daughter room is next to the laundry. I can barely hear the dryer only at her door due to bottom door gap not through the wall. At my old home w/o insulation, we tried not to do laundry late at night. The entire second floor could hear washer/dryer running.

You got a good insulation then. In our case, when toilet is flushed or shower is on, the adjacent room can hear it clear. Same with washer/dryer running. Even i do dishes in kitchen sink, sound can be heard in upstairs master bedroom. This is after paying for while house insulation.

The worst is when the water softener does it regeneration cycle! I can understand that can be noisy due to the pressure but in this house its so loud that it can wake up people upstairs.
Title: Re: Fresco @ Eastwood Village
Post by: qwerty on June 26, 2022, 11:08:50 AM
Perhaps they didn’t  actually give you the whole home insulation. Given the shitty construction these days it may have been an oversight.
Title: Re: Fresco @ Eastwood Village
Post by: Danimal on June 26, 2022, 11:39:15 AM
Perhaps they didn’t  actually give you the whole home insulation. Given the shitty construction these days it may have been an oversight.

This was my concern too. When my house was under construction b4 they put up drywalls, i scheduled a visit to make sure insulations installed.  Of course that’s all i was able to do. You need professional eyes to check everything else. Too bad IP didnt allow 3rd inspectors for pre-drywall inspection.
Title: Re: Fresco @ Eastwood Village
Post by: Irvinehomeseeker on June 26, 2022, 11:52:40 AM
Perhaps they didn’t  actually give you the whole home insulation. Given the shitty construction these days it may have been an oversight.

This was my concern too. When my house was under construction b4 they put up drywalls, i scheduled a visit to make sure insulations installed.  Of course that’s all i was able to do. You need professional eyes to check everything else. Too bad IP didnt allow 3rd inspectors for pre-drywall inspection.
I also made sure they put the insulation by visiting the site on those specific days.
Title: Re: Fresco @ Eastwood Village
Post by: trematix on June 26, 2022, 02:42:47 PM
I know someone in cetara who paid for the insulation upgrade who came to later find out it wasn’t installed. I believe they hired a contractor to inspect all the walls and come to find out it was never installed.



Perhaps they didn’t  actually give you the whole home insulation. Given the shitty construction these days it may have been an oversight.

This was my concern too. When my house was under construction b4 they put up drywalls, i scheduled a visit to make sure insulations installed.  Of course that’s all i was able to do. You need professional eyes to check everything else. Too bad IP didnt allow 3rd inspectors for pre-drywall inspection.
I also made sure they put the insulation by visiting the site on those specific days.
Title: Re: Fresco @ Eastwood Village
Post by: USCTrojanCPA on June 26, 2022, 03:02:01 PM
I know someone in cetara who paid for the insulation upgrade who came to later find out it wasn’t installed. I believe they hired a contractor to inspect all the walls and come to find out it was never installed.



Perhaps they didn’t  actually give you the whole home insulation. Given the shitty construction these days it may have been an oversight.

This was my concern too. When my house was under construction b4 they put up drywalls, i scheduled a visit to make sure insulations installed.  Of course that’s all i was able to do. You need professional eyes to check everything else. Too bad IP didnt allow 3rd inspectors for pre-drywall inspection.
I also made sure they put the insulation by visiting the site on those specific days.

I hope they got their money back from the builder for the upgrade cost at the very least.
Title: Re: Fresco @ Eastwood Village
Post by: CalBears96 on June 26, 2022, 03:51:36 PM
I am continuing to find issues in various places. The construction quality this time was very shoddy, atleast for phase we bought. The extra insulation that we paid for is a joke, excess stucco at places, poor quality installation of "upgraded carpet". A lot of these are unfixable. Builder could claim labor shortage/support chain as reasons but they didn't give us any discount to compensate for all these issues....

What phrase were you in and which lot? Mine got full house insulation. I can tell you it works much better than my old home. When i need to talk to my son, i have to call him on alexa. Yelling from downstair to his room upstair doesnt work when he closes his door.

We had some crack stuccos which were taken care by IP contractor last week.  Where do you have excess stucco? Dont hesitate to contact IP for things that you think should be fixed.

The high ceiling in the great room seems to have rendered the full house insulation useless for my Bluffs 2. The sound from Youtube clips I watch in my office (bedroom 4) travels to our master bedroom even with the door closed.

Mine has a loft so that may have help. From the engineering stand point, open ceiling effectively turns a house into a semi tunnel which bounces the sounds everywhere.

For wall to wall insulation, it is pretty effective. My daughter room is next to the laundry. I can barely hear the dryer only at her door due to bottom door gap not through the wall. At my old home w/o insulation, we tried not to do laundry late at night. The entire second floor could hear washer/dryer running.

Yeah, actually, the insulation from the laundry room is pretty good. My son did laundry last night. We could hear the washer when we got home through the high ceiling because he left the laundry room door open. But when I went into the master bedroom, I could barely hear the washer.
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