Pacifica San Juan

NEW -> Contingent Buyer Assistance Program
It's a Plan 1, with the MBR downstairs, probably on a non view side.

26541 SOUTH PASEO CALLADO, San Juan Capistrano, CA 92675

List Price: $1,035,400

Bedrooms:

4

Full Baths:

5

Partial Baths:

0

Square Feet:

2,920

Lot Size:

9,709 Sq. Ft.

Year Built:

2007

Listing Date:

08/17/07

On Market:

4 days

Type:

SFR

Status:

ACTIVE

MLS #:

S502162
 
Do you think the Laing employee who bought this, most likely with the idea of flipping it, must be quaking in their boots or whatever else comes to mind? If they get the full asking price they will lose money (a few thousand dollars) for their trouble. Will be very interesting to see how this plays out, this will really be a good indicator of the market. This is a nice floorplan in a nice development, but let's see how things go in this new world of mortgage normalcy.
 
Fumbling:

Escrow hasn't closed on any of the Phase 1 homes yet... so the JLH employee who went into contract on this home isn't listing it - the builder is listing it. If anything, they dropped out...which means that, at most, they lost their deposit. However, I'm not even sure that they had to place down a deposit. This was the first home sold in the first Phase. I'm pissed! I wanted that home! However, I had no chance since the JLH employees get to pick first, then they get to buy it at a discount, then they get to even change the exterior/strutural elevation if they want (this home was supposed to be a Plan 1 Monterey exterior - it was changed by this employee to a Bungalow).
 
I'm actually surprised this is on the MLS; initial demand for Belle Cliff was so strong that I would have thought Laing had a list of "just in case" buyers they could have called for escrow fallouts. I wonder whether the employee had to forfeit their deposit.
 
If the employee even HAD to place a deposit, then they should lose it. However, I wouldn't be too surprised if:

(1) JLH didn't require their employee to place a deposit, or

(2) if their was a deposit, the employee will get it back.

I'm pissed because if you can't afford it, then you can't afford it. But, don't enter into a contract and then pull-out 3 weeks before close of escrow! There were many other people who wanted that Plan 1 on that lot!
 
LL, Personally I liked the Plan 1 Monterey elevation better, because it had the bigger upstairs courtyard thing (I forget what they call it, it's like an open air but covered area), while the Bungalow plan has only a half-size upstairs courtyard thing. I would have liked the extra space because SJC has nice weather and I'd use the upstairs courtyard thing a lot. Hey why don't you buy it now or make a lowball offer since it's back on the market? Too bad that Laing employee didn't have to suffer the consequences of his actions!
 
Although the Laing employee made potential buyers suffer because probably more people would have liked the original Monterey plan better.
 
Fumbling:

I can't buy it now because I am in a contract for a different lot in the community. Anyway, I wouldn't want it with that elevation. I also liked the Spanish elevation the best for a Plan 1 because of the extra balcony extension (I think you were referring to the Spanish elevation, not the Monterey).

If I wasn't already in a contract to purchase, however, I think I would check the KHOV homes a little closer though. They have 3 homes for under $1Million that are a little bit larger (3200 sqft vs. 2900 sqft). However, they are closer to the freeway and lower on the hill, so those would be negatives. Also, JLH will subsidize the HOA payments for 3 years (I'm not sure if KHOV is going to do that). JLH will be paying $225/month for three years of the HOA.
 
Fumbling -

Even with that one employee dropping out (I think she was a JLH mortgage employee), there's still two JLH Vice Presidents who bought into the community. That's gotta be a good sign, right?
 
We were really thinking about buying there, we like the Plan 1 but to tell the truth it's so far down the 5 freeway I get sleepy driving down to SJC...:) We probably will end up buying in Irvine due to the proximity to the OC attractions. Probably will wait for Orchard Hills (hopefully won't be an endless wait). But Belle Cliff is one of the nicest developments we've seen. Keep us informed!
 
Fumbling... you should re-check out the Plan 1 that was recently returned. I would have totally gone for it if it was available when I purchased

The 3 KHOV homes for under $1M seem to be a good deal, also..but those aren't upgraded, yet.
 
The 3 KHOV homes for under $1 million, are they all Plan 1s? The problem with the KHOV Plan 1s is the floorplan is a really old fashioned single story floorplan, it looks the same as floorplans from 20 years ago when I was looking for my first house. Maybe when the model home opens it will look better in person. On paper the floorplan looks awfully old. These days I like the two story floorplans with the MBR on the first level, like the Belle Cliff Plan 1 and the Astoria Plan 1 in Columbus Square. About that recently returned Belle Cliff Plan 1, we were checking out the lots, and noticed a Plan 1 on a non view lot that would have an unobstructed ocean view from the second story courtyard thing, and were thinking, that's a great lot. When we visit the development again I'll have to see if it's the same lot we saw.
 
fumbling:

The 3 KHOV homes that are under $1Million are all Plan 2's.

The Belle Cliff Plan 1 on the lot you're talking about - a nonview lot with an unobstructed ocean view from the courtyard balcony - is the lot that just fell out of escrow and is now listed for sale at $1,030,000.
 
I didn't think that it was on the MLS for too long either. But, then again, I only saw it when someone on this blog pointed it out to me. As far as I knew, I thought the home was still available, but the sales counselor told me this morning that it's already been sold and the person has already even scheduled their walk-through inspection (since Phase 1 is closing escrow as early as the end of this week).

They don't have it as part of their "available homes" list, so I'm assuming it's sold.
 
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