Serrano Summit | Lake Forest

[sleepy5136]

Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Holy $hit! Seriously? Crazy times.  ;D

Least it's only two stories. LOL!

Hopefully buyers at this price level are move up buyers that are getting more for their current property.

I'm always itching to move up but I'm always stopped because why would I want to take on a bigger loan at a 1.5%+ higher interest rate and probably triple my current property taxes?

Unless the property tax increase laws change, more homes won't really help. I think NY has some crazy property tax increases where people that bought a long time ago are now seeing their taxes increase by 2x and sometimes 3x...

 

[The Motor Court Company]

Indeed it is positive feedback now. The rapid rise in house price and interest rate disincentivize both move up and also move down

 

[Ready2Downsize]

Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Holy $hit! Seriously? Crazy times.  ;D

Least it's only two stories. LOL!

Hopefully buyers at this price level are move up buyers that are getting more for their current property.

I'm always itching to move up but I'm always stopped because why would I want to take on a bigger loan at a 1.5%+ higher interest rate and probably triple my current property taxes?

Unless the property tax increase laws change, more homes won't really help. I think NY has some crazy property tax increases where people that bought a long time ago are now seeing their taxes increase by 2x and sometimes 3x...

That is how we got Prop 13. People were having to sell their houses because property taxes were going up so rapidly with the rise in home prices and  inflation roaring in the late 70's. (My In Law's house doubled in value between the time they bought it in 1970 and 1979). Should someone have to pay double property taxes just because other people sold some houses in the neighborhood and what if it doubles again? And hence prop 13.

Lots of states will be seeing property taxes go up due to the increase in home sale prices.

I believe in AZ, the county determines their budget and  houses are reassessed yearly. They divide the budget by the house assessed value and put in some multiplier to determine property taxes. (Several people tried to explain property taxes to me but the best I got was "it's complicated". LOL! From reading online it seems that is their system. Property taxes can go up or down but it seems to take into consideration more than home sales. In theory, having lots of new construction with higher values should help the general area taxes even if they go up because there is a larger base to collect from as long as infrastructure costs are not astronomical. Seems to be a good method to hold them in check. The worst seems to be a system like Cali used to have. You can get a big huge bill you weren't expecting just because some neighbors sold their houses. People who are fixed incomes, house rich, cash poor can be devasted with that.

 

[zubs]

Prop 15 (2020 election) which was going to start taxing commercial and industrial properties based on market value barely lost @ 48 to 52%

 

[linus]

https://www.lennar.com/new-homes/ca...est/serrano-summit/amara/amara-3x/11519510029

Over $200k reduction on a Move-in ready Plan 3X

 

[sleepy5136]

https://www.lennar.com/new-homes/ca...est/serrano-summit/amara/amara-3x/11519510029

Over $200k reduction on a Move-in ready Plan 3X

They were consistently pricing these homes aggressively. They are putting 200k+ lot premiums on these homes that are looking at the water plant or solar panels from the water district.

 

[CalBears96]

https://www.lennar.com/new-homes/ca...est/serrano-summit/amara/amara-3x/11519510029

Over $200k reduction on a Move-in ready Plan 3X

They were consistently pricing these homes aggressively. They are putting 200k+ lot premiums on these homes that are looking at the water plant or solar panels from the water district.

Exactly. It was ridiculous for them to price this one at $2M.

 

[bones]

That's the 2nd (or maybe 3rd? 4th?) cut on lot 29. It went down to $1.904m first.

 

[Sysko]

Lot 29 is sold

 

[irvinehomeowner]

how come floor plans like Obsidian (3 story floor plans with private elevator) in Parasol park have not caught on?

I know this is an old post but if you're going to have an elevator.. might as well add a basement and make it a 4-level home.

Where were those homes with a basement in Irvine? Was it Stonegate?

 

[The Motor Court Company]

Auburn at Stonegate by Richmond American?
Theater room at the basement? ultimate man cave....could be better than having 3CWG..https://www.talkirvine.com/index.php/topic,13583.0.html

Yes I think basement could become a thing since the TIC floorplans have been repeated and rinsed to death...

how come floor plans like Obsidian (3 story floor plans with private elevator) in Parasol park have not caught on?

I know this is an old post but if you're going to have an elevator.. might as well add a basement and make it a 4-level home.

Where were those homes with a basement in Irvine? Was it Stonegate?

 

[irvinehomeowner]

Thanks CalCourt... now I'm sad because I never got to see those Altair basement models.

 

[CalBears96]

Amara models are up for sale:

Homesite               Sq ft / beds / baths Price         View
Model Residence 1 2,656 / 4 / 3     $2,257,990 View home
Model Residence 2 2,637 / 5 / 4     $2,164,990 View home
Model Residence 3X 3,303 / 5 / 4     $2,329,990 View home

 

[usctrojancpa]

Amara models are up for sale:

Homesite               Sq ft / beds / baths Price         View
Model Residence 1 2,656 / 4 / 3     $2,257,990 View home
Model Residence 2 2,637 / 5 / 4     $2,164,990 View home
Model Residence 3X 3,303 / 5 / 4     $2,329,990 View home

Are those the last homes for sale at Amara?

 

[CalBears96]

Amara models are up for sale:

Homesite               Sq ft / beds / baths Price         View
Model Residence 1 2,656 / 4 / 3     $2,257,990 View home
Model Residence 2 2,637 / 5 / 4     $2,164,990 View home
Model Residence 3X 3,303 / 5 / 4     $2,329,990 View home

Are those the last homes for sale at Amara?

According to their email, I would say so.

"It?s the final opportunity for Amara at Serrano Summit in Lake Forest! The luxury model homes at this collection of single-family homes are available for sale and boast premium locations and views!"

 

[irviniteeee]

Amara models are up for sale:

Homesite               Sq ft / beds / baths Price         View
Model Residence 1 2,656 / 4 / 3     $2,257,990 View home
Model Residence 2 2,637 / 5 / 4     $2,164,990 View home
Model Residence 3X 3,303 / 5 / 4     $2,329,990 View home

Are those the last homes for sale at Amara?

Looks like they sold the other 3/4 lots that were left in literally the last 2-3 days. They put 200k drops on some of them.

 

[talkirvine]

Wow, this is very pricy. More expensive than Meadows by TB per sqft. And it does not have a view....

Amara models are up for sale:

Homesite               Sq ft / beds / baths Price         View
Model Residence 1 2,656 / 4 / 3     $2,257,990 View home
Model Residence 2 2,637 / 5 / 4     $2,164,990 View home
Model Residence 3X 3,303 / 5 / 4     $2,329,990 View home

Are those the last homes for sale at Amara?

According to their email, I would say so.

"It?s the final opportunity for Amara at Serrano Summit in Lake Forest! The luxury model homes at this collection of single-family homes are available for sale and boast premium locations and views!"

 

[CalBears96]

Wow, this is very pricy. More expensive than Meadows by TB per sqft. And it does not have a view....

Amara models are up for sale:

Homesite               Sq ft / beds / baths Price         View
Model Residence 1 2,656 / 4 / 3     $2,257,990 View home
Model Residence 2 2,637 / 5 / 4     $2,164,990 View home
Model Residence 3X 3,303 / 5 / 4     $2,329,990 View home

Are those the last homes for sale at Amara?

According to their email, I would say so.

"It?s the final opportunity for Amara at Serrano Summit in Lake Forest! The luxury model homes at this collection of single-family homes are available for sale and boast premium locations and views!"

The Amara models actually do have view.