Can someone please explain this to me like I'm 5 years old? Why is lot 100 ~$600K more than lot 99? It can't be solely b/c it has one less neighbor, correct?Yeah, the pricing for that corner lot is delusional. They listed the home on MLS earlier this week.
There’s a reason that lot 100 is still on the market. But the latest release was also crazy.Can someone please explain this to me like I'm 5 years old? Why is lot 100 ~$600K more than lot 99? It can't be solely b/c it has one less neighbor, correct?
....and Leon's getting larger...Olivewood prices are getting crazier and crazier.
Depending on when it's released, lot 93 has a good chance of topping $5M. It's has 6700+ sq ft lot, and it has 90 degree view (both toward the west and looking down at the new community park. If it's released in the next phase, then maybe it won't top $4.5M, but anything later than that, who knows.....and Leon's getting larger...
Will the top be $4.250m (base price) or perhaps $4.75m? Any bets on where the price ceiling will end up?
Funnily, lot 93 is pretty much across from the pickleball courts. Tennis court is on the other side of the park. But the homes are on much higher ground, probably 4-5 stories higher, so the lights shouldn't present much of a problem.I'd avoid views of community parks if they have ballfields or tennis/pickleball courts. The nighttime glare from the lights these parks have can really be a problem. Still, if the goal is MAX ROI! and you don't plan on setting foot in the home, laundering $5m for the home might make sense in the long view of things.
I am not a fan of how that park is situated to the community. It's a steep up/down the hill just to get to the pool.Funnily, lot 93 is pretty much across from the pickleball courts. Tennis court is on the other side of the park. But the homes are on much higher ground, probably 4-5 stories higher, so the lights shouldn't present much of a problem
Yea, when I first visited the price started at 2.3-2.5 M range.... 4.0M for a tiny yard and in fire zone is no go for me.Olivewood prices are getting crazier and crazier.
When I was offered lot 59 for $2.68M, I already thought it was too high. Now the home behind it (lot 100) is listed at $3.54M.Yea, when I first visited the price started at 2.3-2.5 M range.... 4.0M for a tiny yard and in fire zone is no go for me.
You cannot make a blanket statement like that. That statement is made by the insurance providers and depending on the insurance provider they may mark it as a fire hazard zone.When I was offered lot 59 for $2.68M, I already thought it was too high. Now the home behind it (lot 100) is listed at $3.54M.
The tiny lot part is true, but fire zone is not true. PS is not fire hazard zone.
You should always figure out the insurance costs prior to getting into escrow. Redfins insurance and tax estimates are not always accurate.I see a lot of homes listed on Redfin with Home Insurance estimates of $800-900 or more per month even when the hill with brush is quite far away. I wonder if we can trust those quotes to be accurate or should we take it with a grain of salt and get an actual quote before even putting an offer. I guess the latter is most likely true.
Those quotes are way off. It's closer to $800-$900 a YEAR than a month. For the bigger ones (Olivewood/Azul/Cielo), it'll probably be around $1200-$1300 a year, due to higher replacement costs since the homes are bigger.I see a lot of homes listed on Redfin with Home Insurance estimates of $800-900 or more per month even when the hill with brush is quite far away. I wonder if we can trust those quotes to be accurate or should we take it with a grain of salt and get an actual quote before even putting an offer. I guess the latter is most likely true.
be careful - friends that live in Talega pay >$10K/yr for insurance for this very reasonThose quotes are way off. It's closer to $800-$900 a YEAR than a month. For the bigger ones (Olivewood/Azul/Cielo), it'll probably be around $1200-$1300 a year, due to higher replacement costs since the homes are bigger.
Do you mean as stated by insurance providers or in general? The reason I ask is I remember you said you previously lived in Eastvale, so I'm not sure if you're familiar with the history of the PS and OH areas in terms of fire. From Tustin Ranch all the way along the hillside well into Foothill Ranch & RSM is a major fire zone. There have been many fires in the area and some of the homes on the hill where you live in PS were threatened a few years ago by a fire. I've seen many fires rip through that area.When I was offered lot 59 for $2.68M, I already thought it was too high. Now the home behind it (lot 100) is listed at $3.54M.
The tiny lot part is true, but fire zone is not true. PS is not fire hazard zone.
I know that there was a fire near PS a few years ago. However, PS is not considered a fire hazard zone. OH and Foothill Ranch are considered fire hazard zones. PS is considered to be close to a fire hazard zone, though. There are some insurance companies that do not want to insure PS. One of them is the one working with Costco. I have car insurance with that company and was hoping to get it bundled with the house, but they won't insure my home because although PS is not in the fire hazard zone, it's within certain distance.Do you mean as stated by insurance providers or in general? The reason I ask is I remember you said you previously lived in Eastvale, so I'm not sure if you're familiar with the history of the PS and OH areas in terms of fire. From Tustin Ranch all the way along the hillside well into Foothill Ranch & RSM is a major fire zone. There have been many fires in the area and some of the homes on the hill where you live in PS were threatened a few years ago by a fire. I've seen many fires rip through that area.