Marston in Del Sur

User Forum Topic
Submitted by kcal09 on August 4, 2013 - 10:44pm

We visited the models at "Marston" in Del Sur and liked them but found them way overpriced. The homes are between 4,400-4,800 sqft with small lots and start at around $1.1 million. What do piggs who know "Marston" think about these homes?

Submitted by Mayze on August 5, 2013 - 10:06am.

I toured the models Saturday. They are a lot of money, but seem in line with other nearby housing. Some would argue the whole region is overpriced. My takeaways are:
1, Builders cut corners on materials and craftsmanship, even on high priced homes, and
2. The designs around outdoor living spaces are VERY appealing. I'm trying to image retrofitting similar spaces onto our existing home and it is very tough to imagine the seamless integration.

Submitted by sunny88 on August 5, 2013 - 10:33am.

We toured the models yesterday and found the interior of the homes quite appealing. However, the lots are very small for the size the homes. Obviously, they made the outdoor upgrades very nice but they cost at least another $100-150 k which will bring up the price of a finished home to almost $1.3 million. Crazy!

Submitted by Upvote_Anything on August 5, 2013 - 1:20pm.

They look pretty nice although the lots are small for the price. I think you are paying for the hill view.

Submitted by sunny88 on August 5, 2013 - 7:59pm.

For that money you can buy a better quality home with a nicer view in "Stonebridge" from Toll Brothers.

Submitted by ocrenter on August 6, 2013 - 8:26am.

sunny88 wrote:
We toured the models yesterday and found the interior of the homes quite appealing. However, the lots are very small for the size the homes. Obviously, they made the outdoor upgrades very nice but they cost at least another $100-150 k which will bring up the price of a finished home to almost $1.3 million. Crazy!

Given Del Sur's reputation for outrageous MR/HOA, any idea about the cost of those?

Submitted by kcal09 on August 9, 2013 - 3:46pm.

HOA is $160-170/month.
MR is around $6,800-7,200/year

Very high MR indeed...

Submitted by ocrenter on August 9, 2013 - 8:21pm.

kcal09 wrote:
HOA is $160-170/month.
MR is around $6,800-7,200/year

Very high MR indeed...

That's a reduction of $150k in purchase power based on the latest jumbo rate.

But then given the smaller sized lot you don't have to spend as much for the landscaping.

Submitted by Halifax on August 10, 2013 - 10:19am.

We ended buying a home in Marston this morning. The MR are high but in line with most of Del Sur. The only other new construction in Del Sur for homes 4000+ sqft seems to be in the lakes and the hoa fees of 400-500 are worse with comparable MR. The only way we could see to avoid high MR was to consider a home in a more established community like Bel Etage but the sellers wanted somewhat unreasonable amounts for their homes (1.3-1.4 million) which really weren't well updated for the most part. I know that we will need to add another 150k or so to update the backyard but its not like existing homes are substantially cheaper in the end. inventory still sucks and whats available isnt that great. We lost out on 4-5 offers to cash buyers as well. We liked Stonebridge in Scripps Ranch but it really does feel out of the way, although some friends don't mind.

The lots for the models are small but the available lots were quite large. Our purchased lot is 13k square feet which is perfect for us. It'll be between 2 parks and overlooks a canyon which is extra nice. They're also going to landscape the front yard which saves a couple of bucks.

Submitted by sunny88 on August 10, 2013 - 11:18pm.

Halifax-
Have you considered Poway? There are nice homes without HOA and MR. Del Sur is getting very crowded and traffic will be horrendous. Also, Marston is at upper price range for the neighborhood and resale may be more difficult. Just my 2 cents...

Submitted by ocrenter on August 11, 2013 - 7:27am.

Halifax wrote:
We ended buying a home in Marston this morning. The MR are high but in line with most of Del Sur. The only other new construction in Del Sur for homes 4000+ sqft seems to be in the lakes and the hoa fees of 400-500 are worse with comparable MR. The only way we could see to avoid high MR was to consider a home in a more established community like Bel Etage but the sellers wanted somewhat unreasonable amounts for their homes (1.3-1.4 million) which really weren't well updated for the most part. I know that we will need to add another 150k or so to update the backyard but its not like existing homes are substantially cheaper in the end. inventory still sucks and whats available isnt that great. We lost out on 4-5 offers to cash buyers as well. We liked Stonebridge in Scripps Ranch but it really does feel out of the way, although some friends don't mind.

The lots for the models are small but the available lots were quite large. Our purchased lot is 13k square feet which is perfect for us. It'll be between 2 parks and overlooks a canyon which is extra nice. They're also going to landscape the front yard which saves a couple of bucks.

Congrats. That's the perfect sized lot. Anything higher than your water bill and landscape bill start to get overwhelming. Although I can see someone planning on building a casita in the back would prefer that 1/2 acre lot.

Given how much the builders have spiked up the asking price in Stonebridge, the cost of the new homes between Del Sur and Stonebridge are essentially equivalent. Except for the MR. But if you pay it off, then it's no longer a big deal. Didn't someone mention the payoff in Del Sur runs about 70k? Thats just 10k more than Stonebridge.

The Lakes is technically not part of del sur. More of the Crosby's step-sibling. The benefit of the Lakes is they do not have to use the lowly "92127" zip. :-)

Submitted by kcal09 on August 12, 2013 - 7:56pm.

We went back yesterday with some friends and the place was packed with visitors. I spoke to some people there and they said that the inventory is really low. With the interest rates trending up a lot of people are trying to jump in despite the high prices.

Submitted by ocrenter on August 20, 2013 - 7:09am.

kcal09 wrote:
We went back yesterday with some friends and the place was packed with visitors. I spoke to some people there and they said that the inventory is really low. With the interest rates trending up a lot of people are trying to jump in despite the high prices.

we were in the neighborhood so decided to stop by the models.

we were blown away by their ability to squeeze a 4500+ sqft home on to a 7500 sqft lot. part of the strategy is to put the homes very close to the curb. but then you lose the "estate" feel. the models were of course very nice,, although one of them has a "half-pool". I've never seen anything like that before. The pool is essentially a square, half the size of a regular rectangular lap pool. There's no spa with the pool. I just can't wrap my head around the concept. obviously you can't swim in this thing, within a single stroke and you have reached the other side. just all together very strange.

we saw on the map they had 3 of these homes squeezed in to a 1/2 acre lot, sharing a driveway. $1 million plus to share driveways?

I thought StanPac's Bellasario was overpriced, after Marston, Bellasario looks like a total bargain.

Submitted by sunny88 on August 21, 2013 - 2:51pm.

These homes are clearly overpriced but some buyers a desperate to get in the market now as inventory is low, prices of preexisting homes and interest rates have been going up. I wouldn't be surprised if this is another bubble which will burst within the next couple of years.
I also believe that these models are misleading in the sense that they make them look bigger than in reality. When you drive by the homes under construction you can see that they are being built close to each other with almost not space between them.

Submitted by flyer on August 21, 2013 - 4:42pm.

Another possible reason for the demand in the Del Sur area vs. purchasing homes on larger lots further east, is that some buyers (like some of our friends who purchased homes in CV in the last few years)prefer to live west of I-15.

At least this was one of the reasons they mentioned, and I've heard this from others as well. We've always lived west of I-15, but, again, that's just personal preference, and, perhaps, that's how the buyers at Del Sur feel. Just another possibility, as to why the demand is so high in the area.

Submitted by sister on August 22, 2013 - 10:34pm.

Did anyone notice that included in the "view" from Marston are those ginormous power lines? I don't think I want to look at those things for the rest of my life. I don't think there are truly health risks from the electricity or whatever. Just concerned about the view.

Submitted by ocrenter on August 23, 2013 - 7:44am.

sister wrote:
Did anyone notice that included in the "view" from Marston are those ginormous power lines? I don't think I want to look at those things for the rest of my life. I don't think there are truly health risks from the electricity or whatever. Just concerned about the view.

Unfortunately of the 50+ lots being offered, half will have the high voltage line view. it also turns out all of the larger lots are on the side of the street impacted by the high voltage line. The more south you go, the closer the line is to you.

btw, the 3 homes squeezed in together sharing a driveway mentioned earlier? no high voltage line view.

Submitted by kcal09 on August 23, 2013 - 9:04pm.

Agree with sister. If I had to pay $1.3 million for a home I would hate having to look at power lines and live in an area where most other models cost less. I think resale will be a major problem if you don't want to lose money.

Submitted by 4slive on August 24, 2013 - 9:20pm.

be cautious, the MR payoff amount is $170K !!! It essentially bring the home price to 1.3M.

Submitted by ocrenter on August 24, 2013 - 9:28pm.

4slive wrote:
be cautious, the MR payoff amount is $170K !!! It essentially bring the home price to 1.3M.

wow, for real?! that's more than the MR payoff of Santaluz + Stonebridge combined.

Submitted by 4slive on August 24, 2013 - 11:11pm.

yes, I did check with sale agent. 4S ranch payoff amount is around 11X of annual payment. But Del Sur is 24X. For most of the family who can afford this price range, there is no tax benenfit for property tax and MR.

Submitted by ocrenter on August 25, 2013 - 7:14am.

4slive wrote:
yes, I did check with sale agent. 4S ranch payoff amount is around 11X of annual payment. But Del Sur is 24X. For most of the family who can afford this price range, there is no tax benenfit for property tax and MR.

I suppose you are right.

A typical Santaluz MR would be $6000 per year.

A typical Stonebridge MR would be $5000 per year.

A similar sqft home in Del Sur's Avaron (which is much better compared to Marston btw) is looking at MR of $10k per year.

So per year Del Sur's MR is about the same as a Santaluz + Stonebridge added together. So would the payoff...

Just absolutely floored by the number...

Wow!!!

Submitted by earlyretirement on September 4, 2013 - 8:44am.

ocrenter wrote:
4slive wrote:
be cautious, the MR payoff amount is $170K !!! It essentially bring the home price to 1.3M.

wow, for real?! that's more than the MR payoff of Santaluz + Stonebridge combined.

Yikes! I knew it was over $100,000 for a Mello Roos payoff in Del Sur but that is crazy! I guess part of the reason is it's newer and developments like Santaluz have already been paying on it for 10 years.

But that pay off is insane! IMHO.

Not sure if you saw my other post on Mello Roos taxes but I'll repost below.

________________________

For anyone following this Mello Roos topic on KPBS you might find these links interesting.

http://www.kpbs.org/news/2013/aug/19/pow...

http://www.kpbs.org/news/2013/aug/20/pow...

It sounds like Mello Roos funds are CLEARLY being misused. Some of these things are shocking and it sounds like illegal. 200 bank accounts? There doesn't sound like there is any oversight at all.

This is why I pre-paid off my Mello Roos taxes off early.

Submitted by ocrenter on September 4, 2013 - 4:38pm.

earlyretirement wrote:

Yikes! I knew it was over $100,000 for a Mello Roos payoff in Del Sur but that is crazy! I guess part of the reason is it's newer and developments like Santaluz have already been paying on it for 10 years.

But that pay off is insane! IMHO.

Don't know, plenty of developments that came about around the same time with much lower MR.

might be something for the Voice of SD reporter to look into.

Submitted by earlyretirement on September 4, 2013 - 5:33pm.

ocrenter wrote:
earlyretirement wrote:

Yikes! I knew it was over $100,000 for a Mello Roos payoff in Del Sur but that is crazy! I guess part of the reason is it's newer and developments like Santaluz have already been paying on it for 10 years.

But that pay off is insane! IMHO.

Don't know, plenty of developments that came about around the same time with much lower MR.

might be something for the Voice of SD reporter to look into.

Yeah, you're right OCR. I can't for the life of me figure out why the MR taxes are so dang high in Del Sur.

I was really surprised to read the KPBS links today about how PUSD is misusing our CFD taxes. Did you read those links? I was also surprised to read they take our CFD taxes and use them in NON-CFD school districts. Also, to buy lunches, put seminars, etc. This was NOT the intended purpose of CFD taxes.

I wrote in to my City Councilman today for the District to ask him about this. Hopefully I hear back. It was shocking to read.

Submitted by ocrenter on September 4, 2013 - 5:59pm.

earlyretirement wrote:

Yeah, you're right OCR. I can't for the life of me figure out why the MR taxes are so dang high in Del Sur.

I was really surprised to read the KPBS links today about how PUSD is misusing our CFD taxes. Did you read those links? I was also surprised to read they take our CFD taxes and use them in NON-CFD school districts. Also, to buy lunches, put seminars, etc. This was NOT the intended purpose of CFD taxes.

I wrote in to my City Councilman today for the District to ask him about this. Hopefully I hear back. It was shocking to read.

In every PUSD school, they have a big banner: CHARACTER COUNTS!

apparently that only applies for the PUSD students, the PUSD administrators are exempt from that.

Submitted by Essbee on September 4, 2013 - 8:28pm.

Earlyretirement,
I heard the radio version of those stories on the KPBS radio station.
If I recall correctly, you live in the Willow Grove Elementary district. One of the people interviewed on the radio was a Santaluz parent who lives 3 minutes from Willow Grove, but whose child has been assigned to a PUSD school several miles away (can't recall which, maybe Turtleback).

He was very upset because instead of bringing a temporary classroom to Willow Grove, they were doing improvements at another school. I strongly hope that my kids will get to attend our local school (Stone Ranch).

What City Councilman are you speaking of, though? If you live in the city of San Diego, I somehow doubt that the Council members have any pull with the PUSD, seeing as most of San Diego is part of SD Unified. Heck, I don't even HAVE a councilperson since I live in 4S Ranch (unincorporated). I wonder if it would be more effective to write to members of the PUSD school board.

Anyway, good luck!

Submitted by joec on September 4, 2013 - 9:01pm.

Yeah, I read those articles too...They are being sent to Adobe Bluffs, a school that is 21 years old or something according to the article. The parent also lived directly across the street from the school so instead of walking to school with the kid and having some bonding time, they have to drive and fight the traffic...pretty f*cked up for everyone and a major fail by the administration imo.

Submitted by earlyretirement on September 4, 2013 - 11:28pm.

Essbee wrote:
Earlyretirement,
I heard the radio version of those stories on the KPBS radio station.
If I recall correctly, you live in the Willow Grove Elementary district. One of the people interviewed on the radio was a Santaluz parent who lives 3 minutes from Willow Grove, but whose child has been assigned to a PUSD school several miles away (can't recall which, maybe Turtleback).

He was very upset because instead of bringing a temporary classroom to Willow Grove, they were doing improvements at another school. I strongly hope that my kids will get to attend our local school (Stone Ranch).

What City Councilman are you speaking of, though? If you live in the city of San Diego, I somehow doubt that the Council members have any pull with the PUSD, seeing as most of San Diego is part of SD Unified. Heck, I don't even HAVE a councilperson since I live in 4S Ranch (unincorporated). I wonder if it would be more effective to write to members of the PUSD school board.

Anyway, good luck!

Yes, I live in Santaluz. I did hear about some parents that didn't get in. It might also be that they didn't pre-register on the two days in May when you get first crack at getting in to Willow Grove. The lines were VERY long that day for registration. I think many parents don't understand the importance of pre-registering their Kindergarten kids those first 2 days.

Yes, I would be IRRATE if they were taking our CFD taxes and using it at other non-CFD district schools if my kids couldn't get into a school that I live 3 minutes from.

I know my City Councilman, Mark Kersey probably can't do anything but at least I wanted to see if he had any pull at all to see what can be done about oversight and possibly what measures taxpayers in these CFD areas can do.

I'm not sure how effective writing to PUSD members are when they are quoted and doing interviews saying what CFD funds should be used for and then getting caught using funds for something else!?

200 checking accounts???!! No reason they need so many accounts and I'd like to know who is authorized to sign off on those accounts and what the process is. It sounds like the system has the potential for a LOT of fraud and abuse.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.