Orchard Hills 4 - "The Summit" Updates

[Imnotmoving]

So 975 a month, 20k mr, 70k property tax. Then you still need a gardener, exterminator, housekeeper, auto detailers, pet groomers…that’s rolling pretty hard. Even if you pay cash for the house that’s a bit of upkeep to Mai train that lifestyle. At least 10k a month.

 

[CalBears96]

How much is monthly HOA at Summit? Looks like Altair is $395/mo.

Currently, it's $975 a month, but it's supposed to come down to $700+ after buildout.

 

[CalBears96]

So 975 a month, 20k mr, 70k property tax. Then you still need a gardener, exterminator, housekeeper, auto detailers, pet groomers…that’s rolling pretty hard. Even if you pay cash for the house that’s a bit of upkeep to Mai train that lifestyle. At least 10k a month.

Your figures are mixed up. $975/month and $20k MR don't go together.

 

[Imnotmoving]

Your figures are mixed up. $975/month and $20k MR don't go together.

I think they might. I thought I read reg prop tax, 975 HOA, plus the 20k a year…right?

 

[vsfan]

Yah, it is called money filter - and only if you can afford/ignore the high ongoing cost you belong to that club of targeted customer pool.

 

[CalBears96]

I think they might. I thought I read reg prop tax, 975 HOA, plus the 20k a year…right?

No. MR at Summit is around $5k.

 

[sleepy5136]

High MR at Great Park/Altair is to clean up the superfund site.

The choice is yours. Live below a landfill or live above a toxic dump.

Or don’t live in Irvine and live near it if you like what it has to offer and pay $0 MR

 

[CWH-RealEstate]

I made a couple of videos walking through Pinnacle and Skyline models and breaking down, tax, HOA, additional costs, and how it stacks up against competing re-sale neighborhoods in Irvine. You can Click Here to view the more recent video on Pinnacle.