Author Topic: New communities in Portola Springs  (Read 59245 times)

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Offline CalBears96

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Re: New communities in Portola Springs
« Reply #255 on: April 27, 2022, 09:56:57 PM »
Just closed today.  Sherry Wang is awesome!

Congrats.

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Offline Sysko

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Re: New communities in Portola Springs
« Reply #256 on: April 28, 2022, 06:59:31 PM »
Just closed today.  Sherry Wang is awesome!

Congrats.

Congratulations!  Welcome to PS!

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Offline Sysko

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Re: New communities in Portola Springs
« Reply #257 on: April 28, 2022, 09:21:42 PM »
Bluffs lady sent me the price sheet for phase 29A.

Base price for Plan 2 is $1.7M, as she told me yesterday. So Plan 2 is already sold and Plan 1 is reserved. These are the smallest lots.

Based on the site map, I think phase 29B will have be homesites 86-87 and 75. I expect homesite 86 to have $75k-$80k lot premium since its lot size looks a bit bigger than my Plan 2, which had a $60k lot premium. And site 86 also has fully privacy on the back. And site 75 will probably have $150k lot premium considering how huge its lot size is, plus full privacy on the back as well. It's likely that both sites 75 and 86 will be $1.8M+. Pretty crazy.

I'm surprised IP released homesites 84 and 85 before homesites 75, 86, and 87.

Offline CalBears96

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Re: New communities in Portola Springs
« Reply #258 on: April 28, 2022, 09:56:43 PM »
Bluffs lady sent me the price sheet for phase 29A.

Base price for Plan 2 is $1.7M, as she told me yesterday. So Plan 2 is already sold and Plan 1 is reserved. These are the smallest lots.

Based on the site map, I think phase 29B will have be homesites 86-87 and 75. I expect homesite 86 to have $75k-$80k lot premium since its lot size looks a bit bigger than my Plan 2, which had a $60k lot premium. And site 86 also has fully privacy on the back. And site 75 will probably have $150k lot premium considering how huge its lot size is, plus full privacy on the back as well. It's likely that both sites 75 and 86 will be $1.8M+. Pretty crazy.

I'm surprised IP released homesites 84 and 85 before homesites 75, 86, and 87.

Well, this seems to be the strategy that Davidlee described. Get rid of the bad homes first.  ;D

And Bluffs lady told me that 29B will only be homesites 86-87, with 75 released a couple of weeks after.

Offline USCTrojanCPA

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Re: New communities in Portola Springs
« Reply #259 on: April 29, 2022, 07:55:14 AM »
My dad closed on his home yesterday.  We'll be doing flooring, garage epoxy, and window coverings in the coming month.
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Offline Compressed-Village

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Re: New communities in Portola Springs
« Reply #260 on: April 29, 2022, 09:29:54 AM »
My dad closed on his home yesterday.  We'll be doing flooring, garage epoxy, and window coverings in the coming month.

Nice! Congrat.

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Offline irvinehomeowner

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Re: New communities in Portola Springs
« Reply #261 on: April 29, 2022, 09:32:37 AM »
My dad closed on his home yesterday.  We'll be doing flooring, garage epoxy, and window coverings in the coming month.

Nice... so no more Vegas commutes?

The whole USC family is going to be in Irvine. :)
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Offline jomama229

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Re: New communities in Portola Springs
« Reply #262 on: April 29, 2022, 09:55:10 AM »
My dad closed on his home yesterday.  We'll be doing flooring, garage epoxy, and window coverings in the coming month.
was there no (acceptable) flooring option offered by calpac for the sierra homes? if not, can you share what flooring is your dad putting in?

Offline sleepy5136

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Re: New communities in Portola Springs
« Reply #263 on: April 29, 2022, 12:26:35 PM »
My dad closed on his home yesterday.  We'll be doing flooring, garage epoxy, and window coverings in the coming month.
was there no (acceptable) flooring option offered by calpac for the sierra homes? if not, can you share what flooring is your dad putting in?
my guess is it has a lot to do with builders charging almost double the cost of what a normal contractor would charge. Especially when you consider they do less work as there is no demolition of tiles and removal of carpets involved.

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Offline USCTrojanCPA

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Re: New communities in Portola Springs
« Reply #264 on: April 29, 2022, 03:22:37 PM »
My dad closed on his home yesterday.  We'll be doing flooring, garage epoxy, and window coverings in the coming month.

Nice... so no more Vegas commutes?

The whole USC family is going to be in Irvine. :)

I'm still keep the home that I own out there so he'll stay there every now and again.  My mom and stepdad also live in Irvine.   

My dad didn't listen to LL about the major pain coming to Irvine when he decided to buy but seems like he's up $175k since the base price for his home was $1,460,000 and it is $1,635,000 in phase 4.  haha
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Offline USCTrojanCPA

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Re: New communities in Portola Springs
« Reply #265 on: April 29, 2022, 03:23:51 PM »
My dad closed on his home yesterday.  We'll be doing flooring, garage epoxy, and window coverings in the coming month.
was there no (acceptable) flooring option offered by calpac for the sierra homes? if not, can you share what flooring is your dad putting in?

Their options were limited and their pricing is stupid plus the quality of the standard flooring that was installed is not that great.  I have a great flooring guy who is 1/2 the price and I can pick whatever flooring that I want including nicer baseboards.
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Offline jomama229

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Re: New communities in Portola Springs
« Reply #266 on: April 29, 2022, 04:03:40 PM »
Their options were limited and their pricing is stupid plus the quality of the standard flooring that was installed is not that great.  I have a great flooring guy who is 1/2 the price and I can pick whatever flooring that I want including nicer baseboards.
good to know. so did your dad take the home with no additional options? i believe all the releases thus far have been pre-plotted with limited upgrades made available to the owners.

Offline USCTrojanCPA

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Re: New communities in Portola Springs
« Reply #267 on: April 29, 2022, 08:45:53 PM »
Their options were limited and their pricing is stupid plus the quality of the standard flooring that was installed is not that great.  I have a great flooring guy who is 1/2 the price and I can pick whatever flooring that I want including nicer baseboards.
good to know. so did your dad take the home with no additional options? i believe all the releases thus far have been pre-plotted with limited upgrades made available to the owners.

Yeah with just the pre-selected options which weren't too bad. 
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Offline Davidlee199

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Re: New communities in Portola Springs
« Reply #268 on: April 30, 2022, 10:01:20 AM »
What’s going on with the resale market?
Either price drop or back on market?
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Offline best_potsticker_in_town

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Re: New communities in Portola Springs
« Reply #269 on: April 30, 2022, 11:18:52 AM »
The majority of those you listed were flipped into Active Under Contract status (accepted offer, with contingencies). For whatever reason, Redfin/Zillow show that as "Relisted" rather than just a move from Active to Under Contract.

There were 2 that did have price reductions and frankly not surprised. Both were overpriced even for this market.

 

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