Portola Springs - Sendero

NEW -> Contingent Buyer Assistance Program
Here's the latest info I got today:



PRICING

Phase 1A & 1 B (Prices effective January 18, 2007, Estimated COE December 2007)

Homesite Residence Address Price Approx. Square Feet

Building 18

96 FR 145 Pathway $600,880 1,752 - SOLD

97 DR 147 Pathway $575,880 1,685 - SOLD

98 F 149 Pathway $600,880 1,752 - SOLD

Building 17

91 C 136 Long Grass $666,880 2,106

92 CR 138 Long Grass $666,880 2,106

94 A 142 Long Grass $531,880 2,457

95 B 146 Long Grass $664,880 2,958 - SOLD

Building 16

100 ER 141 Pathway $507,880 1,312

101 DR 139 Pathway $575,880 1,685 - SOLD

102 C 137 Pathway $666,880 2,106 - SOLD

103 A 135 Pathway $531,880 1,457 - SOLD

104 B 133 Pathway $642,880 1,958 - SOLD

Residence Key:

A - Pathfinder

B - Innovator

C - Entertainer

D - Romancer

E - Traveler

F - Explorer

R - Reverse Plan
 
mediaboyz,

so you went to the phase release? what was the turnout like? based on the previous release, there will probably be a several people backing out as always.
 
Hmm, I found out there is a listing on Ziprealty listing courtesy of JLH REALTY & CONSTRUCTION, INC. I guess the builder is not getting enough traffic??

This is definitely a Plan C with the pricing the same as above at $666,880.

http://tinyurl.com/ytwsgx
 
Price sheet as of August 30th, 2007:

Home site Residence Price Size

89 FR $600,880 1,752 sqft

90 DR $575,880 1,685 sqft

91 C $666,880 2,106 sqft

93 D $575,880 1,685 sqft

99 E $499,880 1,312 sqft SOLD

94 A $531,880 1,457 sqft SOLD

95 B $642,880 1,958 sqft SOLD
 
I also noticed that they have something called "The Promise."

"if before you close escrow, real estate market conditions cause us to offer more favorable purchase terms to the buyers of other homes in the neighborhood in which your home is located, including any reduction in the purchase price of the model plan you are purchasing, we PROMISE to adjust the terms of your purchase to allow you to take advantage of the more favorable terms."
 
"The Promise" -- that's interesting.

Speaking of which, LL, have you had any discussions with the sales counselors at BC about getting a reduction in your purchase price? The reason I ask is because some of those homes are starting to fall out of escrow, and one I noticed is priced $25k below what it originally went for (and that's upgraded, so probably more like $50-75k below what it was originally priced for). Add to that the much lower prices at Coastline and the (probable) price reductions in future phases at BC, and I am thinking they will be willing to deal. Just wondering.
 
Marty -

I haven't talked to them...but I haven't closed escrow yet, so I guess there's still time. I'll ask them next time I visit.

I'm waiting to see how the prices will be set for the next Phase. I don't think they'll lower the prices for newly released homes, ie. the upcoming Phases, just because if they lower the base price below other purchasers' base prices, then they'd have to go back and match the new base price. That's what I got from "The Promise."

How's your wheeling and dealing going?
 
An update from our visit today - Phase ??

Homesite Residence Address Price Approx. Square Feet

89 F 132 Longrass $600,880 1,752

90 DR 134 Long Grass $575,880 1,685

91 C 136 Long Grass $666,880 2,104

93 D 140 Long Grass $575,880 1,685

Price sheet as of ?? - NO change in prices:

Residence Price Size

A $531,880 1,457 sqft

B $642,880 1,958 sqft

C $666,880 2,106 sqft

D $575,880 1,685 sqft

E $499,880 1,312 sqft

F $600,880 1,752 sqft
 
If I understand this right. They put constructiuon on hold, wait for people to close escrow THEN they will decrease the prices so they won't have to decrease the sale price of the first few homeowners.

Are they allowed to do this on purpose...I guess, but it sux for poor homebuyers.
 
Stopped in yesterday:

Residence A - From the $500's. Next availability early 2009

Residence B - From the $600's. Next availability early 2009

Residence C - $578,880

Residence D - $540,880

Residence E - From the $400's. Next availability winter 2008

Residence F - $551,880
 
Wow so does that mean they're not going to build anymore of the Plan A and Bs? What about the other model homes? Or are they stopping all construction in Portola?
 
I haven't seen 61 Scarlet Bloom yet but that fits my criteria almost exactly, about 1500 sf one level condo. I love our 1300 sf one level apartment in a new IAC complex, but rental parity value for 61 Scarlet Bloom would put it at $375,000, given the high $375 HOA and 1.8% total prop taxes despite the couple hundred extra square feet. I'll take a look at it hopefully today but it looks like it has another $200,000 in price reductions before it makes sense. Plus the one thing I fear with a condo as compared to a single story detached which I would pay a premum for, is the high probability of hearing the stomping sounds of footsteps day and night.
 
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