Portola Springs - Bougainvillea

[IrvineRealtor_IHB]

[quote author="24inIrvine" date=1222477437]I have a friend who purchased a Plan 3 with loft last year. I am constantly waiting for the property tax information to come online so I can see how much the actual Mello Roos cost is. PS is supposed to be brutal in that.



Its a great looking place, interior is nice. Master bedroom/bathroom (takes up half the 2nd floor) is very nice but the other 3 bedrooms are the tiniest bedrooms I have ever seen. I am not sure of the exact purchase price due to incentives and the improvements he got. But either way I would never think of touching this place at the 700k price tag.</blockquote>


Here's the info for a bougainvillea property a couple of doors down.



Parcel No.: 937-xxx-xx

Tax

Type Description/Service Agency Phone No. Tax Rate

(26-260) Value Base Amount

(Rate x Value)





A1 BASIC LEVY RATE 1.00000 $440,500.00 $4,405.00

A1 METRO WATER D-MWDOC 0.00430 $440,500.00 $18.94

A4 IRWD #250 SEWER BOND 0.03200 $440,500.00 $140.96

A4 IRWD #105 WATER BOND 0.00780 $440,500.00 $34.35



<strong><span style="color: green;">So, BLR = 1.04410% of purchase price.</span></strong>



<span style="color: blue;"><strong>*** SPECIAL ASSESSMENT USER FEES*** </strong></span>

BA MOSQ,FIRE ANT ASSMT (800)273-5167 $3.06

B3 VECTOR CONTROL CHG (800)273-5167 $0.66

C7 MWD WATER STDBY CHG (866)807-6864 $10.08

E0 IRVINE USD-ASMT (949)250-8300 $0.60

MZ <span style="color: blue;"><strong>1915 AD BOND</strong></span> MZ (866)807-6864 <span style="color: blue;"><strong>$2,190.26 </strong></span>

N1 LNDSCP & LTG #1 (866)807-6864 $1.46

R2 <span style="color: blue;"><strong>MELLO-ROOS R2</strong></span> (800)858-8233 <span style="color: blue;"><strong>$622.45</strong> </span>

R8 <span style="color: blue;"><strong>MELLO-ROOS R8</strong></span> (800)858-8233 <span style="color: blue;"><strong>$2,850.70 </strong></span>

Total Tax: $10,278.52



<span style="color: green;"><strong>Special Assessments total = $5679.27</strong></span>

 

[SoCal78_IHB]

Update on Residence 1:



Yesterday they reduced the price from $652,797 to $597,797.

 

[irvine_home_owner_IHB]

So the SA taxes are MORE than the base taxes?



And there is NO elementary school planned for PS?



Dang... where is the money going to?

 

[IrvineRenter_IHB]

[quote author="irvine_home_owner" date=1224831332]So the SA taxes are MORE than the base taxes?



And there is NO elementary school planned for PS?



Dang... where is the money going to?</blockquote>


Into Donald Bren's pocket.

 

[EvaLSeraphim_IHB]

[quote author="IrvineRealtor" date=1222480154]Here's the info for a bougainvillea property a couple of doors down.



Parcel No.: 937-xxx-xx

Tax

Type Description/Service Agency Phone No. Tax Rate

(26-260) Value Base Amount

(Rate x Value)





A1 BASIC LEVY RATE 1.00000 $440,500.00 $4,405.00

A1 METRO WATER D-MWDOC 0.00430 $440,500.00 $18.94

A4 IRWD #250 SEWER BOND 0.03200 $440,500.00 $140.96

A4 IRWD #105 WATER BOND 0.00780 $440,500.00 $34.35



<strong><span style="color: green;">So, BLR = 1.04410% of purchase price.</span></strong>



<span style="color: blue;"><strong>*** SPECIAL ASSESSMENT USER FEES*** </strong></span>

BA MOSQ,FIRE ANT ASSMT (800)273-5167 $3.06

B3 VECTOR CONTROL CHG (800)273-5167 $0.66

C7 MWD WATER STDBY CHG (866)807-6864 $10.08

E0 IRVINE USD-ASMT (949)250-8300 $0.60

MZ <span style="color: blue;"><strong>1915 AD BOND</strong></span> MZ (866)807-6864 <span style="color: blue;"><strong>$2,190.26 </strong></span>

N1 LNDSCP & LTG #1 (866)807-6864 $1.46

R2 <span style="color: blue;"><strong>MELLO-ROOS R2</strong></span> (800)858-8233 <span style="color: blue;"><strong>$622.45</strong> </span>

R8 <span style="color: blue;"><strong>MELLO-ROOS R8</strong></span> (800)858-8233 <span style="color: blue;"><strong>$2,850.70 </strong></span>

Total Tax: $10,278.52



<span style="color: green;"><strong>Special Assessments total = $5679.27</strong></span></blockquote>


Thanks for finding that. I wonder if people knew that going in when they bought in Portola Springs? We got tempted a couple of times but it was the exorbitant HOAs and Mello-Roos . . . er, "Community Facilities District" taxes . . . er, "fees" that stopped us.



There were a couple of people around here in the past (North Irvine Realtor being one of them, I believe) who said that they <em>wanted</em> to live in an area with CFD taxes because it meant everything was newer. More power to 'em.

 

[freedomCM_IHB]

and the $5680 isn't tax deductible?

 

[rtlguru_IHB]

technically, probably not.



But from what I have heard, because the entire amount is lumped together, most people write off everything.

 

[freedomCM_IHB]

has anyone heard about someone who does write it all off getting audited? i wonder what they would do?

 

[IrvineRenter_IHB]

[quote author="rtlguru" date=1224909888]technically, probably not.



But from what I have heard, because the entire amount is lumped together, most people write off everything.</blockquote>


Yes, most people cheat on their taxes this way.

 

[SevenThreeNumberTwo_IHB]

Just picked up a new price list in case anyone is interested



Plan 1 - 602,880 to 607,857 (a good 30% drop from the highest price zovall listed!)

Plan 2 - 638,880 to 647,880

Plan 3 - 659,880 to 699,880



HOA dues currently $300... @build out $275 (up $25 than orig listed)

 

[glamis_lvr_IHB]

stopped by the other day and looks like only the models are left. seems like the plan 3- 3stories are the hot sellers.

 

[ABC123_IHB]

Is this still considered the "affordable housing" that the Irvine Company conference call guest eluded to?