Villages of Columbus - Columbus Square - Meriwether

NEW -> Contingent Buyer Assistance Program
oh i was talkin about your model in savannah

i really liked plan 3 in kensington court, but there's no way in hell i'm buying an attached for 800k. what is this, new york city?!?! ;)
 
Does anyone have an updated pricing sheet and what phase is still selling, last time I checked in looked like phases 3, 4, & 5 still all had properties but doesn't look like the offical "list" price had gone down, not sure if anyones seen updated prices.

Also on a broader scale is this a good time to buy into the columbus square area?
 
noob-

I haven't been there for over a month, but in general, they were continuing to sell future phases even though there were still straggler properties left from previous phases.

They have kept their prices pretty consistent, a bit to my surprise. I still think they'll have a correction coming, but their sales aren't stalled like some other communities.

You should browse the forums further for insight to you second question. The general consensus is prices will continue to drop through 2007 and beyond.

-SCHB
 
Thanks for the followup SCHB, question for all on the board do you know if there is a resource out there to find the actual sold prices on the new development within Coloumbus, to this point it's been more word of mouth on some properties but the only things online seems to exclude the new development, I'm curious to see if there are actual trends in the negotiated prices phase to phase. Like those that are causing such an uproar on the Will Lyin side...

Sorry if these questions are well "noobish" but struggling to determine if it's time to be a first time home buyer versus continuing to rent Thanks for any help or advice you can all provide.
 
irvinenoob,

County Recorder's office would have this information. Sometimes you can find this information on the website http://tax.ocgov.com/tcweb/search_page.asp

by entering the address. Keep in mind some homes were bought with no upgrades or options, and some with all the upgrades and options; therefore, the prices are scattered.

Sounds like you want to negotiate with the builder. That is very easy, builders have to deal with homes that could not close escrow at any market; so they are very motivated to negotiate on these ones. They will not openly tell the public of the fell-out-of-escrow ones for fear of panics. If you are a strong negotiator (or know someone to act on your behalf), then you can get great price from the builders. Good luck.
 
I stopped in the other week, it was pretty dead. With 8% prime loan rates on 30-year fixed, I can't see how these prices can hold.

Here's the latest pricing effective: June 21, 2007:

Residence Price Change

Residence 1 - $519,000 (+$4,000)

Residence 2 - $649,000 (-$11,000)

Residence 3 - $669,000 (-$18,000)

Oh and add $1,000+ onto your mortage with:

1.04% County Tax

$320 per month at build-out Master and Sub Association Fees

Community Facilities District (CFD) and Special Assessments = $??
 
From Anonymous:

Got some housing email spam from Lennar today

Unwrap Homeownership Opportunities

New homes are priced to sell for November 21, 2007 closings.

Luxury townhomes are now available for November move-in at Meriwether at Columbus Square.

Excellent location within the master-planned

community of the Villages of Columbus

Included GE stainless steel kitchen appliances

and refrigerator, slab granite countertops,

upgraded European wood cabinetry, and more

Visit today! Homes are priced to sell!

Plan 2

Priced from the $500s

1,706 Square Feet

3 Bedrooms, 2.5 Bathrooms

2-Bay Garage

Plan 3

Priced from the $600s

1,922 Square Feet

3 Bedrooms, 3 Bathrooms

2-Bay Garage

For information on available inventory at Meriwether, please call 714-259-0478 or

Chat Now with an Internet New Home Consultant on Lennar.com.

Meriwether at Columbus Square

Welcome Home Center

15229 Columbus Square

Tustin, CA 92782

714-259-0478
 
As of 1/10/08 - no price change from the Oct 2007 poster

Residence 1 - $494,000 - Temporarily Sold Out

Residence 2 - $599,000

Residence 3 - $624,000

$25K Flooring incentive

Closing specials but varies on your credit, downpayment, etc.

~$1,100 total taxes, fees, HOAs
 
Just talked to one of the guys in lennar. There is Plan3 available for 599K with wood flooring downstairs except the bedroom. Prices seems to be nosediving. Will have to see if the plan3's sell for 500K by the end of the year.....(:-))

This is phase 7.
 
As of 2/5/08 - handwritten prices

Residence 1 - $494,000 - Temporarily Sold Out

Residence 2 - $569,000

Residence 3 - $599,000

don't know about incentives... but you'll be tsuck with the flooring they picked and installed, i think almost all open units are ready for move in
 
still over price imho.

how can they price their residence 3 at 599k when lyons is pricing their verndas SFR for 587k. the SFR doesn't have a share wall and the HOA is less. it is in the same area.
 
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