Orchard Hills-Terrazza by Irvine Pacific
- Thread starter nobody
- Start date
Personally, I love Terrazza. I think it is a great neighborhood and it is really worth the price. Especially FloorPlan 2X. You get 4b4b with loft for about 1 million dollars. I think you can get quite a good amount of upgrade credits from the sales office as well. So, with around $1M, you get a 4b4b home in one of the best locations in Irvine with most interiors upgraded. It is a great deal and I believe you can't go wrong.
But I guess the potential of appreciation may not be as good as Strada since Terrazza is detached condo with no driveway and it is in Tustin Unified School District. I think TUSD is not a big problem since they are all great schools and on the east side of Orchard Hills, there are all expensive big houses and they are all in TUSD.
But the detached condo will make your mortgage rate a little bit higher and the potential may get affected.
So, I think if you use it as your primary residence and you budget limit is around $1M or $1.05M. Terrazza will give you a really good home.
If your budget is flexible and the limit is around $1.2M, you can consider Strada as a better property to invest. But Terrazza will still be a great choice is you only want a great home to live.
But I guess the potential of appreciation may not be as good as Strada since Terrazza is detached condo with no driveway and it is in Tustin Unified School District. I think TUSD is not a big problem since they are all great schools and on the east side of Orchard Hills, there are all expensive big houses and they are all in TUSD.
But the detached condo will make your mortgage rate a little bit higher and the potential may get affected.
So, I think if you use it as your primary residence and you budget limit is around $1M or $1.05M. Terrazza will give you a really good home.
If your budget is flexible and the limit is around $1.2M, you can consider Strada as a better property to invest. But Terrazza will still be a great choice is you only want a great home to live.
nobody said:
I would say Plan 1 is not bad, but not as impressive as Plan 2X. If your budget is below 900K, I think it is also a good choice. You can get 4 bedrooms in Orchard Hills. Then it really depends on what you care the most. If you care about location, environment, it is a good choice. If you care more about the home itself and living there very comfortably, I think you may have more choices, like the Plan 1 of Huntley at Greenwood, where you can have a real single family house with more than 2600sqft and 4000-5000 sqft lot. If you care about life convenience, Cypress Village is a good choice and new coming Eastwood may be worth waiting.
Personally, I am a big fan of Orchard Hills. If I have kids and my budget is under 900k and I really need 4 bedrooms, I will choose Plan 1 at Terrazza.
Regarding the rebate, I have no idea. But I know for Plan 2X, you may be able to get 50K upgrades credits from the sales office. For Plan 1, I think the same, but not sure about the exact amount.
Hope it's helpful.
Yes, I agree with everything Zinc stated above. The home we purchased was in the Phase 1 and didn't come with any premiums (Elevation/Location). We were also lucky to buy on a single loaded street with a lot of parking, nice views from the second floor master bedroom, loft and big secondary bedroom. No regrets, I'd buy it again...Just waiting for Orchard Hills K-8 to expand from grades 5-8. The only other home we considered was Strada 3 or 3X.
aquabliss
Well-known member
I'm not too prone to being claustrophobic but driving around Terraza neighborhood makes me feel that way. I think these are like motorcourts that are 5 or 6 deep.
Only way you should consider this tract is if you could get single loaded street like legit... Otherwise take a look around the neighborhood. You'll probably drive right back out.
Only way you should consider this tract is if you could get single loaded street like legit... Otherwise take a look around the neighborhood. You'll probably drive right back out.
