The Meadows, Lake Forest by Toll Brothers

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irviniteeee said:
Are you a resident of The Meadows? If so, do you have kids? I'm wondering how people feel about the lack of a school from a personal perspective. I don't know anyone who lives there so I haven't had a chance to get a real feel for that. From an outsider looking in, it seems like a school was necessary, but maybe most residents don't feel that way. I know I referenced something back in this thread about upset residents, but now that more people moved in I'm curious about the general consensus.
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Yup. Will have kids soon. School is nice but not necessary. There are pros/cons to every situation and a lot of adjustments can be made in between. Life isn’t so bad after all, is it?
 
hamilton said:
It wasn't just residents in Meadows that were hoping for the school a ton of people in Baker Ranch were also holding their breath for this school that never had a chance....
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I'm genuinely curious as to where these meadows kids are going to enroll. Isn't Foothill Ranch Elementary stuffed to the brim.. with all the foothill neighborhoods + baker ranch, which are all massive communities. The SVUSD website has no schools assigned for the meadows yet either. Sad
 
ratchet_resident said:
I'm genuinely curious as to where these meadows kids are going to enroll. Isn't Foothill Ranch Elementary stuffed to the brim.. with all the foothill neighborhoods + baker ranch, which are all massive communities. The SVUSD website has no schools assigned for the meadows yet either. Sad
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With the money I saved living in Lake Forest vs. Irvine, I'll have a private chauffeur drive my son to a private school.
 
irvinehomeowner said:
Are you really saving that much money? Back when these first went up for sale, what was the delta?
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Amara was selling in the low 1m early on and excluding view lots the maximum price was probably 1.5m?
Teresina started at 1.2-1.3m and ended at 1.5-1.6m? excluding view lots

Amara in Irvine would probably go for 2m+. Teresina homes would easily go for 2.7-3m. You can do the math on the savings. Save & invest the difference. Compounding interest is powerful y'all. Don't forget the MR as well. Paying that kind of money for a public school is insane. I rather take my kid private in that case.
 
anteaterMD said:
Delta is +$700k from phase 1

EDIT: can’t forget savings from lack of MR too (low 5 figures per year for new builds in Irvine I think?)
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Did you seriously say that? MR for all Irvine new builds other than GP is less than $4k per year. And my brother-in-law who bought at Portola Hills said that LF isn't without MR. You still pay around $1k a year for CFD.
 
CalBears96 said:
Did you seriously say that? MR for all Irvine new builds other than GP is less than $4k per year. And my brother-in-law who bought at Portola Hills said that LF isn't without MR. You still pay around $1k a year for CFD.
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I could be wrong; YMMV as it depends on the lot / neighborhood. This was the calculation for a $2 million home at GP last I checked.
 
sleepy5136 said:
Amara was selling in the low 1m early on and excluding view lots the maximum price was probably 1.5m?
Teresina started at 1.2-1.3m and ended at 1.5-1.6m? excluding view lots

Amara in Irvine would probably go for 2m+. Teresina homes would easily go for 2.7-3m. You can do the math on the savings. Save & invest the difference. Compounding interest is powerful y'all. Don't forget the MR as well. Paying that kind of money for a public school is insane. I rather take my kid private in that case.
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I sold an Amara Plan 2 at the beginning of the year for $1.638m so I'd say it'd the range today is $1.6m-$1.7m for non view lots.
 
I don’t remember a $700k delta but I guess I wasn’t really looking.

I guess I would have settled for a $200k difference for a smaller home in Irvine.
 
anteaterMD said:
I could be wrong; YMMV as it depends on the lot / neighborhood. This was the calculation for a $2 million home at GP last I checked.
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Yes, you are wrong. Like I said, ALL new builds in Irvine EXCEPT for GP have a fixed MR at less than $4k, which of course still has an annual increase. You checked GP, which I said was the exception. Basically, all TIC tracts have a fixed much lower MR while the Five Point tracts have a variable MR, starting from $7k up to probably $20k, depending on the size of your home. A lot of large Altair homes probably have MR of $20k.
 
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