Orchard Hills resales

D

DrTravel

Active member
Think this topic is worthy of a new thread. Here are the recent resales in Orchard Hills

107 Mighty Oak - Entrata Plan 1  $689,000
210 Rodeo - Entrata Plan 3 - $755,000
125 Hayseed - Entrata Plan 3 - $800,000 ($55K in upgrades)
120 Mustang - Corte Bella Plan 3 - $1,018,000
51 Quarter Horse - Strada Plan 1 - $1,448,800 (includes conservatory)
139 Long Fence - Capella Plan 2 - $1,340,000
154 Long Fence - Capella Plan 1 - $1,410,000
135 Bridle Path - Capella Plan 2 - $1,485,000 (over $200K in upgrades)
81 Sunset Cove - La Vita (Not sure which Plan) - $1,800,000
103 Sunset Cove - La Vita Plan 2 - $2,075,000
77 Sunset Cove - La Vita Plan 2 - $1,600,000
83 Sunset Cove - La Vita (Not sure which Plan) - $1,988,000
121 Sunset Cove - La Vita (Not sure which Plan) - $1,920,000
27 Sunset Cove - La Vita Plan 4 - $1,900,000

Pending sales: one Vista Scena, one Entrata, two Strada, and one Capella model home

Looks like 19 other homes are listed for sale
 
I can speak for the Sunset Cove ones.

81 Sunset (Plan 1) = Not a Resale (By a Builder) - $1.8 million (no landscape)
103 Sunset (Plan 2) = Not a Resale (By a Builder) - $2.075 million (no landscape)
77 Sunset (Plan 2 ) = Not a Resale (By a Builder) - $1.6 million (no landscape)
83 Sunset (Plan 2) = Not a Resale (By a Builder) - $1.988 million (no landscape)

Resales are (past 6 months):

121 Sunset (Plan 2) = Resale - $1.92 million
113 Sunset (Plan 2) = Resale - $2.599 million
27 Sunset (Plan 4) = Resale - $1.92 million
 
OCLuvr said:
Am I getting it right--pretty much no profit in two years?
Click to expand...

For which properties?

Example: 121 Sunset closed on phase 1 around $1.48 million + $100k of landscaping, options etc. = $1.58 million and Sold for $1.92 million so some profit ($240k profit after broker fee). 
113 Sunset closed for $1.71 million + $300k for landscaping and other options = $2 million and Sold for $2.6 million which is pretty good profit ($450k profit after broker fee).
27 Sunset closed for probably around $1.8 million with no options and Sold for $1.9 million so broke even or lost a little because it showed so poorly ($0 profit).
51 Quarter Horse = Sold for $1.09 million + $100k landscaping and options = $1.2 million and Sold for $1.449 million so pretty good profit ($180k profit after broker fee).
Capella Homes = Probably Broke Even or slight loss on all resales.

Don't know about others.  Until the neighborhood becomes fully built-out, don't expect to make much of a profit after transaction expenses. 
 
You must log in or register to reply here.
Back
Top