Author Topic: Cetara Orchard Hills The Groves Shea Homes  (Read 20965 times)

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Offline Dr. CA Real Estate

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #30 on: August 09, 2020, 04:10:10 PM »
The interest is that high that they are taking pre-quals before the models are open???!?

Same for all new collections. The importance of getting high on the priority depends on a couple of factors; How competitive getting a good lot will be, and how picky you are with getting a lot you'll like. This is a small collection with very few primo lots, and there haven't been new 4k+ sqft homes in OH for a while, so it will be very competitive.
 
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Offline lovingit

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #31 on: August 16, 2020, 01:19:24 PM »
What do you think the first few view lots will start around?

Any chance you guys think covid will bring down the pricing in the later phases?  I remember some of the other builders offered lower prices and more incentives in the later phases that actually made it a better deal than phase 1 homes.  Any chance it could happen here?

Offline USCTrojanCPA

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #32 on: August 16, 2020, 08:30:18 PM »
What do you think the first few view lots will start around?

Any chance you guys think covid will bring down the pricing in the later phases?  I remember some of the other builders offered lower prices and more incentives in the later phases that actually made it a better deal than phase 1 homes.  Any chance it could happen here?

The builder won't discount premium view lots because they know they are most desirable lots and there will be many people who will be interested in purchasing them.  I'd say you can expect lot premiums of $250-$350k for the view lots.
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Offline Dr. CA Real Estate

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #33 on: August 17, 2020, 03:24:40 PM »
New info- Phase 1 is near the models, lots 48, 49, 50, and view lots 74, 75, 76.
« Last Edit: August 18, 2020, 01:40:08 PM by Dr. CA Real Estate »
Kris Mendoza
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Offline Dr. CA Real Estate

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #34 on: August 22, 2020, 10:02:49 AM »
Models Public Opening is Next Saturday the 29th. Be sure to check in with your broker.

If youd like to see them earlier starting today send me a msg.
Kris Mendoza
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Offline Dr. CA Real Estate

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #35 on: August 29, 2020, 10:42:29 AM »
Bases prices

Plan 1 1.755

Plan 2 1.77

Plan 3 1.81


Also they have Boba drinks today
« Last Edit: August 29, 2020, 10:49:07 AM by Dr. CA Real Estate »
Kris Mendoza
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Offline Housingbuff

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #36 on: August 29, 2020, 11:16:58 AM »
What is the anticipated completion dates of Phase 1?

Offline Goriot

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #37 on: August 29, 2020, 11:29:31 AM »
Bases prices

Plan 1 1.755

Plan 2 1.77

Plan 3 1.81


Also they have Boba drinks today

Not bad.  What are the price ranges for the 3 view lots in phase 1?

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #38 on: August 29, 2020, 11:55:04 AM »
Here is the price sheet and mello roos info.  Base prices are $413/sf (Plan 3) to $423/sf (Plan 1 & 2) so these should sell well because of the reasonable pricing but expect the builder to increase prices as they move forward through the phases. Mello Roos will be $6,000 to $7,000 per year which puts the all-in tax rate around 1.4%.  I was there was a client at 11am and it was PACKED.  Anyone who thinks the higher end of the market hasn't picked up is lying to themselves.  Also, the broker co-op for Cetara is $45,000.
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Offline USCTrojanCPA

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #39 on: August 29, 2020, 11:58:44 AM »
Bases prices

Plan 1 1.755

Plan 2 1.77

Plan 3 1.81


Also they have Boba drinks today

Not bad.  What are the price ranges for the 3 view lots in phase 1?

They wouldn't say but expect at least a $250k-$300k view lot premium on top of the base price. The yards for most of the view lots are smaller than the lots in the model homes.
Martin Mania, CPA
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Offline USCTrojanCPA

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #40 on: August 29, 2020, 11:59:19 AM »
What is the anticipated completion dates of Phase 1?

1Q 2021.
Martin Mania, CPA
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Offline lovingit

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #41 on: August 29, 2020, 12:09:16 PM »
If you had to estimate, what would you guess the builder increase the prices by per phase?
« Last Edit: August 29, 2020, 12:19:17 PM by lovingit »

Offline Dr. CA Real Estate

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #42 on: August 29, 2020, 12:44:08 PM »
Specific lot pricing not till they released them for sale in two weeks
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Offline USCTrojanCPA

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #43 on: August 29, 2020, 04:03:17 PM »
If you had to estimate, what would you guess the builder increase the prices by per phase?

In the past with higher demand developments pricing would increase roughly 0.50% to 1% per phase release.
Martin Mania, CPA
AgencyOne
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CA CPA License # 107675
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714-747-3884 cell

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Offline Dr. CA Real Estate

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #44 on: August 29, 2020, 06:30:32 PM »
Place was full of people till closing time
Kris Mendoza
Platinum Realty
CA BRE License # 02085321
ariesmail1@yahoo.com
310-227-1434 cell

 

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