The Landing Tustin Legacy (Brookfield Residential)

ravi

New member
Hi everyone, its been almost 5-6 months since I moved into my Terra unit. If anyone who has purchased and is interested in learning about updates for my situation, please DM me directly. I don't mind sharing about price, lot premiums, mortgage rates, cost of upgrades etc. My big issues still have not been resolved yet. All the cosmetic repairs have been mostly completed and I am overall decently satisfied with those. I've been talking to the service repair men and can share what they have told me about the future buildings as well. I'm friends with homeowners from the other Luna and Cira communities and can also share some of the issues that they are having.

If you are a current Terra homeowner and are having anything related to sound or noise issues, please DM me directly as I am interested in sharing experiences to see what we can do
Any inside scoop on future buildings (landing or otherwise) from the service repair men?
 

irviniteeee

Active member
Last terra phase release with the model homes and the prices are redic, I like the plan 3 but it's $975,088 LMAO.
Trust me...someone will buy it. Even an investor will buy it and rent it out right away. Just like at Azalea in Cypress Village. The 2 model homes of the floorplans that are above & below each other (2 bed, 2 baths, roughly 1k square feet) sold for 950+ & 1M+. Someone will get suckered into the Terra model home at that price for sure.
 

usctrojancpa

Well-known member
Trust me...someone will buy it. Even an investor will buy it and rent it out right away. Just like at Azalea in Cypress Village. The 2 model homes of the floorplans that are above & below each other (2 bed, 2 baths, roughly 1k square feet) sold for 950+ & 1M+. Someone will get suckered into the Terra model home at that price for sure.

Buying a model home is the worst financial decision and will result in being underwater day one but yes there are almost people who end up buying the models for various reasons.
 

beachmint

New member
Any inside scoop on future buildings (landing or otherwise) from the service repair men?

Upcoming developments include apartments across from the condos, continuing the linear park with a bridge on the other side along with senior homes, and a walkway on the side closest to Tustin Ranch road. They are starting to plan the area from the train station which will have space for homes and apartments and the rest of the linear park but those are still early so don't expect any development for awhile.
 

meiguoyungwai

New member
Terra update:

All the model homes have been sold (yes at those prices and at current interest rates/higher interest rates from possible 6 month rate lock fees). 7/12 of the buyers were cash buyers. There was a list of 100 people interested for the Terra condo model homes but the sales office were only able to call about half of the list.

Crazy how big the demand is for these condos. Wonder what the resale value will be when they are sold by current homeowners
 
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sleepy5136

Well-known member
Terra update:

All the model homes have been sold (yes at those prices and at current interest rates/higher interest rates from possible 6 month rate lock fees). 7/12 of the buyers were cash buyers. There was a list of 100 people interested for the Terra condo model homes but the sales office were only able to call about half of the list.

Crazy how big the demand is for these condos. Wonder what the resale value will be when they are sold by current homeowners
Most of them are probably going to be rentals. It's an excellent location for renters and can get max renting dollars. I know they have a one year rule of not allowing the units to be rented but as we saw in the other thread, that's not stopping people from doing so.
 

CalBears96

Well-known member
Most of them are probably going to be rentals. It's an excellent location for renters and can get max renting dollars. I know they have a one year rule of not allowing the units to be rented but as we saw in the other thread, that's not stopping people from doing so.
With HOA at $344-$684/mo for Terra and property taxes at 1.5% (meaning MR is higher than OH/EW/PS), I'm not sure if they make good rental properties.
 

Hydronos

New member
If anyone is interested in a 3bed 3.5 bath Luna with a full bath in each room and upgraded wood flooring throughout the home let me know. Would love an all cash buyer lol
 
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