Author Topic: Cetara Orchard Hills The Groves Shea Homes  (Read 52920 times)

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Offline Dr. CA Real Estate

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #330 on: December 12, 2020, 04:42:37 PM »
I like to recommend 20ft of setback before thinking a small pool. Otherwise it really crowds up the yard. If I recall correctly the view lots have 11-15ft setbacks
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Offline lovingit

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #331 on: December 12, 2020, 06:06:13 PM »
I think only plan 2 has a 23' set back from the great room.  The CA room side is 11'.  Could that work?

Offline Dr. CA Real Estate

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #332 on: December 12, 2020, 08:01:58 PM »
I think only plan 2 has a 23' set back from the great room.  The CA room side is 11'.  Could that work?

Generally you want the smallest distance to be 20ft or it will look crowded. None of the view lots would fit even a small pool. Perhaps a 2-3 person spa for some romantic nights could work. If we are talking semantics is that what you would consider a small pool? Go see the plan 1 and 2 models in person which are on lots with about the minimum distance I recommend. The plan 2 model has a small pool.
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Offline scubasteve

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #333 on: December 13, 2020, 10:44:44 AM »
Does the model Plan2 have a 20ft setback?  I think they did a good job of making the Pool look OK.; Nm saw your response that the model has min setback.
« Last Edit: December 13, 2020, 08:30:20 PM by scubasteve »

Offline Maserson

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #334 on: December 13, 2020, 01:00:33 PM »
I think only plan 2 has a 23' set back from the great room.  The CA room side is 11'.  Could that work?

Perhaps a 2-3 person spa for some romantic nights could work.

I read this as a 3 person romantic night.

Offline scubasteve

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #335 on: December 23, 2020, 09:06:14 AM »
Do the view lots generally go for more than a larger non-view lot?  I stopped by last night and the view lot was very unimpressive (low elevation as mentioned here) and the backyard looked tiny when I looked at the new houses being built/framed.

Offline USCTrojanCPA

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #336 on: December 23, 2020, 10:39:12 AM »
Do the view lots generally go for more than a larger non-view lot?  I stopped by last night and the view lot was very unimpressive (low elevation as mentioned here) and the backyard looked tiny when I looked at the new houses being built/framed.

Yes, the view lots are selling with a $400k+ lot premium compared to the non-view lots.
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Offline irvineboy

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #337 on: December 23, 2020, 12:17:10 PM »
Low elevation?  These are higher than Trevi’s $4m views.
Have you seen some of the lower elevations of the Vistas on Leafy Pass where you have the backyard of another Vista home backed right below you? 

Do the view lots generally go for more than a larger non-view lot?  I stopped by last night and the view lot was very unimpressive (low elevation as mentioned here) and the backyard looked tiny when I looked at the new houses being built/framed.
« Last Edit: December 23, 2020, 12:42:32 PM by irvineboy »

Offline scubasteve

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #338 on: December 23, 2020, 06:20:11 PM »
Low elevation?  These are higher than Trevi’s $4m views.
Have you seen some of the lower elevations of the Vistas on Leafy Pass where you have the backyard of another Vista home backed right below you? 

Do the view lots generally go for more than a larger non-view lot?  I stopped by last night and the view lot was very unimpressive (low elevation as mentioned here) and the backyard looked tiny when I looked at the new houses being built/framed.

Apparently not! Not too familiar with OH as I live in CV with a 10ft setback ☹️

Offline scubasteve

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #339 on: December 23, 2020, 06:21:56 PM »
Do the view lots generally go for more than a larger non-view lot?  I stopped by last night and the view lot was very unimpressive (low elevation as mentioned here) and the backyard looked tiny when I looked at the new houses being built/framed.

Yes, the view lots are selling with a $400k+ lot premium compared to the non-view lots.

There were some larger lots compared to the view lots on the right side of the Dev map (can't recall the exact street names).  Do you know what the premium is on those?

Offline USCTrojanCPA

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #340 on: December 23, 2020, 09:49:27 PM »
Do the view lots generally go for more than a larger non-view lot?  I stopped by last night and the view lot was very unimpressive (low elevation as mentioned here) and the backyard looked tiny when I looked at the new houses being built/framed.

Yes, the view lots are selling with a $400k+ lot premium compared to the non-view lots.

There were some larger lots compared to the view lots on the right side of the Dev map (can't recall the exact street names).  Do you know what the premium is on those?

Tough to say what kind of premiums those larger non-view lots will be but my guess is it'll range from $50k to $150k (depending on the size of the lot and if you have no neighbors behind you).
Martin Mania, CPA
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Offline irvineboy

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #341 on: December 24, 2020, 01:07:20 AM »
They are increasing the phase premiums for the nonview lots by $10-$15k per phase.  When you get to the larger lots in the later phases, it’ll be closer to $100k increase over the earlier phases plus the lot premiums.  Would be interesting to see the larger interior lots closer to $2m.

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #342 on: December 24, 2020, 03:34:07 PM »
They are increasing the phase premiums for the nonview lots by $10-$15k per phase.  When you get to the larger lots in the later phases, it’ll be closer to $100k increase over the earlier phases plus the lot premiums.  Would be interesting to see the larger interior lots closer to $2m.

As long as they are selling every home that they release they'll keep bumping up the base along with the lot premiums.
Martin Mania, CPA
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Offline irvineboy

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #343 on: December 25, 2020, 10:33:24 PM »
But who is Shea competing with in this price range?  Ravello?

Let’s assume similar price.  Would you pay this price for a Cetara view lot or a Bella Vista non-view lot?

They are increasing the phase premiums for the nonview lots by $10-$15k per phase.  When you get to the larger lots in the later phases, it’ll be closer to $100k increase over the earlier phases plus the lot premiums.  Would be interesting to see the larger interior lots closer to $2m.

As long as they are selling every home that they release they'll keep bumping up the base along with the lot premiums.

Offline USCTrojanCPA

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #344 on: December 25, 2020, 10:47:42 PM »
But who is Shea competing with in this price range?  Ravello?

Let’s assume similar price.  Would you pay this price for a Cetara view lot or a Bella Vista non-view lot?

They are increasing the phase premiums for the nonview lots by $10-$15k per phase.  When you get to the larger lots in the later phases, it’ll be closer to $100k increase over the earlier phases plus the lot premiums.  Would be interesting to see the larger interior lots closer to $2m.

As long as they are selling every home that they release they'll keep bumping up the base along with the lot premiums.

From a new home perspective, their competition is Ravello and Capella & Crescendo at Cadence Park in Irvine but their competition is also resale homes in the $1.8m to $2.5m price segment.  In terms of buying a Cetara view lot versus a Bella Vista non-view lot, that'll depend on what's more important to a buyer.  Every buyer is different, some place more value on premium lots while others more value on the floor plan or location.
Martin Mania, CPA
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