Author Topic: Fresco at Orchard Hills  (Read 1202 times)

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Offline Dr. CA Real Estate

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Fresco at Orchard Hills
« on: February 17, 2021, 08:49:59 PM »
Looks like the IP marketing machine is at work bringing Fresco to orchard hills to a section that would have been more Ravello housing. Fresco itself essentially being clones of Ravello in Eastwood. Quite the circle.

https://www.irvinepacific.com/homes/reserve-at-orchard-hills/fresco#overview
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Re: Fresco at Orchard Hills
« Reply #1 on: February 17, 2021, 08:59:44 PM »
Looks like the IP marketing machine is at work bringing Fresco to orchard hills to a section that would have been more Ravello housing. Fresco itself essentially being clones of Ravello in Eastwood. Quite the circle.

https://www.irvinepacific.com/homes/reserve-at-orchard-hills/fresco#overview

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Offline irviniteeee

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Re: Fresco at Orchard Hills
« Reply #2 on: February 18, 2021, 11:49:11 AM »
Sick of them.

Offline ThirtySomethingWEquity

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Re: Fresco at Orchard Hills
« Reply #3 on: February 18, 2021, 02:21:41 PM »
man some of those floorplans are bad.  Who has ever said "you know what I need?  a living room next to my living room". 

Offline irvinehomeowner

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Re: Fresco at Orchard Hills
« Reply #4 on: February 18, 2021, 02:40:34 PM »
$1.6m for 2300sft house? Holy moley.
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Offline irviniteeee

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Re: Fresco at Orchard Hills
« Reply #5 on: February 18, 2021, 02:45:59 PM »
Does anyone else find it odd that IP doesn't put high (multilevel?) windows in the family rooms that come with the vaulted ceiling? It looks strange just seeing a giant wall with no additional light source. It almost makes the rooms look dark. Also, if you all have ever seen the exterior from the back of the Ravello and Fresco homes, the lack of additional windows results in an ugly slanted plain stucco wall.

Offline Cares

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Re: Fresco at Orchard Hills
« Reply #6 on: February 18, 2021, 05:45:07 PM »
Does anyone else find it odd that IP doesn't put high (multilevel?) windows in the family rooms that come with the vaulted ceiling? It looks strange just seeing a giant wall with no additional light source. It almost makes the rooms look dark. Also, if you all have ever seen the exterior from the back of the Ravello and Fresco homes, the lack of additional windows results in an ugly slanted plain stucco wall.

Fresco Model 2 and 3 gives you the option to add a 5th bedroom with bath or a loft around 350 sqft to the vaulted ceiling space. The option will cost you around $100k though. I think that's why there aren't windows in the design.

Offline Bullsback

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Re: Fresco at Orchard Hills
« Reply #7 on: February 18, 2021, 06:29:34 PM »
$1.6m for 2300sft house? Holy moley.
I was really confused at the price-point. Doesn't Taylor Morrison have 3000 sq ft houses for $1.6M in the Reserves already?  I haven't seen either home - but I can't imagine the differences are that extreme. That said - I won't be shocked when they sell because the market is crazy. 

Offline Cares

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Re: Fresco at Orchard Hills
« Reply #8 on: February 18, 2021, 09:21:57 PM »
The thing about Fresco is that the lots are larger than the alternatives sitting around 4700 sqft compared to say Como at 3000 sqft for a similar home. Lots are a premium in this market and so as a buyer you have to ask yourself if it is worth that much of a premium.

Offline ThirtySomethingWEquity

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Re: Fresco at Orchard Hills
« Reply #9 on: February 19, 2021, 10:03:02 AM »
The thing about Fresco is that the lots are larger than the alternatives sitting around 4700 sqft compared to say Como at 3000 sqft for a similar home. Lots are a premium in this market and so as a buyer you have to ask yourself if it is worth that much of a premium.

Great point.  I think it's comical (and sad) that people will spend 1.5M and have an 8 foot setback in their 'yard'.  I'd rather have a newer, smaller house with a nice sized yard.   Still think they are overpriced for me, but I'd take it over some of the other options. Except that stupid plan 2 with the conservatory.

Offline MountainsToSea

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Re: Fresco at Orchard Hills
« Reply #10 on: February 19, 2021, 06:10:03 PM »
man some of those floorplans are bad.  Who has ever said "you know what I need?  a living room next to my living room".

It does seem like redundant space except that I have a living room in the front of my house which I rarely use, I wonder if I would use it more if I had extra space near my great room.  I have no doubt it would be better for parties.

Offline irvineboy

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Re: Fresco at Orchard Hills
« Reply #11 on: February 20, 2021, 03:04:18 PM »
Reserve home pricing is too high.

Offline Cares

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Re: Fresco at Orchard Hills
« Reply #12 on: February 20, 2021, 09:08:49 PM »
You mean Fresco II at Orchard Hills Reserve? Fresco II is about $200k premium to Eastwood version.

Offline ucla bruin

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Re: Fresco at Orchard Hills
« Reply #13 on: February 23, 2021, 12:23:41 PM »
What's going to happen 5 years from now when 2400sq Fresco with yard is compared against 3000sq with 8-11ft yard? Do you guys think the average resale buyer will  pay a premium for yard with 600sq ft less?

Offline JadedOne

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Re: Fresco at Orchard Hills
« Reply #14 on: February 23, 2021, 01:08:06 PM »
What's going to happen 5 years from now when 2400sq Fresco with yard is compared against 3000sq with 8-11ft yard? Do you guys think the average resale buyer will  pay a premium for yard with 600sq ft less?

Everyone needs interior living space. Not everyone needs exterior space, so that becomes secondary for most people.

No one pays a premium for a smaller yard. But plenty of people pay a premium for a larger yard. I don't think the market in 5 years will be any different than today in that regard.

 

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