Stonebridge-Toll Brothers

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Submitted by localguy on March 3, 2011 - 6:41am

Stonebridge-Toll Brothers. I noticed some activity last week on some of the vacant lots in the neighborhood. Toll Brothers is setting up shop. Checked their website, Building 4,000 sq ft homes, etc...

Submitted by bearishgurl on July 22, 2011 - 9:38pm.

sdrealtor wrote:
familyguy wrote:
recordsclerk wrote:
Savvy,

Have you looked at this house:

http://www.sdlookup.com/MLS-100051901-14...

I think it's a great deal, better than anything new for the price. Just fell out of escrow.

Holy crap! If zillow is correct they paid 1.5 in 2006. I can't belive the asking price is under 900k. Something doesn't seem right here?

Old Creek just went back under contract. I wonder what price and how much of those back taxes the buyer will end up paying. Any guesses?

sdr, can you see who the 1st TD holder is? Are the 1st TD holder and the lender who recently filed a default one and the same?

Submitted by sdrealtor on July 22, 2011 - 10:12pm.

Its all WAMU with a $1M first TD and $350Kish 2nd TD. neither has been paid in 2 years nor have taxes of about $20K.

Submitted by bearishgurl on July 22, 2011 - 10:36pm.

sdrealtor wrote:
Its all WAMU with a $1M first TD and $350Kish 2nd TD. neither has been paid in 2 years nor have taxes of about $20K.

Do the taxes of "$20K" include MR??

Submitted by ahewitson on July 24, 2011 - 8:31am.

.

Submitted by ahewitson on July 22, 2011 - 10:46pm.

I've got an "inside tip" on a plan 3 for Serenity. If you're still interested, please email me @ aj@mychevyguy.com for details. We're buying there as well but for the plan 1 and got some news.

Submitted by bluehairdave on July 22, 2011 - 11:18pm.

ocrenter wrote:
kkun wrote:
Looking at the brochure at Toll Brothers sales office I thought they are including more stuffs than Serenity (w/o the upgrade fund). Toll Brother lists following as standard:

- 7" crown moulding
- 4" baseboards
- Stainless steel appliances
- Granaite countertop with full backsplash behind cooktop
- 12" X 12" ceramic tile flooring in kitchen and other areas

Is Toll Brother worse than Serenity and other builders in terms of what they include as "standard"?

wow, that's very nice. They actually include crown molding? That's a new one. 4" baseboards, very nice.

I don't think any builders have ever offered crown molding as a standard feature before. Both of these definitely not at Montoro. As for the baseboards at Serenity, I'm not sure.

ask about the rain gutters, that's very important. Montoro again skipped on that. but it is quite an important feature that a lot of builders now include as standard.

sounds like Tolls is not as barebones as we thought.

Pretty much the same standard as Serenity except for the crown molding. But that is not too expensive on your own for the main rooms where the builder usually puts it. living room. dining room. Powerder room bedroom... probably about 2k total. And you can box windows with a frame for about $80-100 a window. Flooring is what can really kill you with the builder. IF they charge 30k that means you can get it on the street at a local vender for about 18k-20k max right now. Same for built in's, blinds etc..

Submitted by sdrealtor on July 22, 2011 - 11:33pm.

bluehairdave
Any thoughts on what is going on with Old Creek?

Submitted by bluehairdave on July 23, 2011 - 10:53am.

sdrealtor wrote:
bluehairdave
Any thoughts on what is going on with Old Creek?

Which one? the one that says 'sold'? Or the other one? I think the 'sold' one has been 'sold' previously only to fall out of escrow when the bank denies the short sale. But I am very curious to see what the situation is. Anyone know?

Submitted by sdrealtor on July 23, 2011 - 8:13pm.

I was referring to 14661 which has been on the market about 2 years and just went contingent again. 5000+sq ft for $895K on about 1/2 acre lot

Submitted by ahewitson on July 23, 2011 - 10:32pm.

DataAgent wrote:
"Holy crap! If zillow is correct they paid 1.5 in 2006. I can't belive the asking price is under 900k. Something doesn't seem right here?"

It's probably just another short sale. The current owners haven't paid their property taxes in several years.

My realtor took us to this house and it's definitely been lived in. The backyard has not been kept very well and the interior of the house has a very odd design. Regardless of what the house sold for 5 years ago, I don't think it's worth the $895K it's currently listed for. Maybe about $50K less than that as a possibility. You'll need at least that much to make it comfortable. Very poor natural lighting inside the house as well.

Submitted by ahewitson on July 23, 2011 - 10:39pm.

Every home builder and lender has different policies when it comes to floors, counters, etc. We're buying in Serenity right now and we're able to close escrow with bare floors AND we're able to use our own contractors for flooring, landscape, window coverings etc. as long as we provide bids and contracts from licensed contractors and submit them to the lender. They'll hold the money in an escrow account and will pay the contractor upon completion of the work.

Submitted by sdrealtor on July 24, 2011 - 12:05am.

That's great for you! Let us know how it all works out a few year down the road newbie.

Submitted by ahewitson on July 24, 2011 - 8:24am.

Are you still interested in a plan 3 at Serenity? I've got some info for you if you are.

Submitted by ahewitson on July 24, 2011 - 8:26am.

sdrealtor wrote:
That's great for you! Let us know how it all works out a few year down the road newbie.

What are you implying by that?

Submitted by kcal09 on July 24, 2011 - 11:40am.

ahewitson wrote:
DataAgent wrote:
"Holy crap! If zillow is correct they paid 1.5 in 2006. I can't belive the asking price is under 900k. Something doesn't seem right here?"

It's probably just another short sale. The current owners haven't paid their property taxes in several years.

My realtor took us to this house and it's definitely been lived in. The backyard has not been kept very well and the interior of the house has a very odd design. Regardless of what the house sold for 5 years ago, I don't think it's worth the $895K it's currently listed for. Maybe about $50K less than that as a possibility. You'll need at least that much to make it comfortable. Very poor natural lighting inside the house as well.

If you don't think it's worth $895k then all the smaller "Serenity" homes should be around $700k. This home has more square footage with a larger lot and is supposedly of higher quality. Thus, are you implying that "Stonebridge" in general is still way overpriced?

Submitted by ocrenter on July 25, 2011 - 6:47am.

really should take a look at Skyranch in Santee, one of them just closed in the low 700k, right within the price range. plus there's always that 10 minute drive down the 52...

Submitted by familyguy on July 25, 2011 - 7:06am.

I went inside the second model in Toll Brothers this weekend. It is in fact the model with the double staircase but as another poster reported, it isn't near as big as it appears in the pics. the stairs start so close the the double front doors you almost can't "take it all in" in one view. It's almost like being in the front row of a movie theatre.

That said, looking through the front doors from about 7 feet outside it does look impressive. And the ceilings in that model look amazing.

Submitted by Navydoc on July 25, 2011 - 7:24am.

Could you go upstairs in the San Clemente model yet? I was wondering how cool the view from above was, which is the one most owners will live with, especially down into the dining area. I wish I could see the models now. I'm sure there's a huge difference from 2 weeks ago.

Submitted by recordsclerk on July 25, 2011 - 11:26am.
Submitted by UCGal on July 25, 2011 - 1:18pm.

sdrealtor wrote:
That's great for you! Let us know how it all works out a few year down the road newbie.

Why the snark? I'm curious what he/she said that you felt the need for it?

(another example of my naivety I guess.)

Submitted by sdrealtor on July 25, 2011 - 8:41pm.

I think kcal and OCR covered it lso. At $895K that house has gotta be well below replacement cost. Arbitrarily saying it is worth $50K less is silly. There hasnt been a closed resale for a 5000+ sq ft home on a 1/2 acre lot under $900K in Stonebridge. It waqs over $1.5M new. Throw in landscaping, window treatments, paint etc and that house is getting dangerously close to 50% off.

Its a 5BR/5.5ba/4 car 5153 sq ft home built in 2006 on a half acre. Personal preferences aside that is alot of house for that price particluarly in a nice upscale community.

Submitted by recordsclerk on July 25, 2011 - 8:52pm.

Most of us on this blog have said at one time or another that Santuary by Shea is far superior to Montoro or Serenity in quality and appearance. At $895 that house is a better deal than any Serenity home on the market new or used.
Here is a sold comp that just closed for plan 1 Santuary. This is basically a single story home with two story master suite with loft.

http://www.sdlookup.com/Pictures-110000974

What a great deal.

Submitted by sdrealtor on July 25, 2011 - 9:07pm.

Exactly! That one that just closed was about $200/sq ft. This one will be around $170/sq ft

Submitted by ocrenter on July 25, 2011 - 9:36pm.

recordsclerk wrote:
Most of us on this blog have said at one time or another that Santuary by Shea is far superior to Montoro or Serenity in quality and appearance. At $895 that house is a better deal than any Serenity home on the market new or used.
Here is a sold comp that just closed for plan 1 Santuary. This is basically a single story home with two story master suite with loft.

http://www.sdlookup.com/Pictures-110000974

What a great deal.

That is a great deal. No doubt about it.

With comparable lots selling for $350k, assuming $100/sqft building cost or $450k, plus $200k in upgrades and pool, it is very much at below replacement cost.

Submitted by ahewitson on July 28, 2011 - 9:12pm.

UCGal wrote:
sdrealtor wrote:
That's great for you! Let us know how it all works out a few year down the road newbie.

Why the snark? I'm curious what he/she said that you felt the need for it?

(another example of my naivety I guess.)

Who knows... Didn't know where it came from either.

Submitted by ahewitson on July 28, 2011 - 9:36pm.

kcal09 wrote:
ahewitson wrote:
DataAgent wrote:
"Holy crap! If zillow is correct they paid 1.5 in 2006. I can't belive the asking price is under 900k. Something doesn't seem right here?"

It's probably just another short sale. The current owners haven't paid their property taxes in several years.

My realtor took us to this house and it's definitely been lived in. The backyard has not been kept very well and the interior of the house has a very odd design. Regardless of what the house sold for 5 years ago, I don't think it's worth the $895K it's currently listed for. Maybe about $50K less than that as a possibility. You'll need at least that much to make it comfortable. Very poor natural lighting inside the house as well.

If you don't think it's worth $895k then all the smaller "Serenity" homes should be around $700k. This home has more square footage with a larger lot and is supposedly of higher quality. Thus, are you implying that "Stonebridge" in general is still way overpriced?

The home is extremely dark inside. Very little natural light comes into any room. The kitchen/livingroom/great room floor plan is very awkward as the kitchen bar "straddles" both rooms. Almost all of the landscaping in the rear is dead or dying and the overall condition of the interior/exterior is rundown. You can't base your judgement on numbers and square footage alone. You should also consider the actual condition once if you've been in and out of this home. Some of these things can be changed and/or improved with work, time, and $$$ but you can only do so much to a home to make it into a different home before you've actually just rebuilt that home.

P.S. Anyone putting an offer on that home should stop by Costco first and get a palette of Clorox Disinfecting Wipes to rid every surface of the "ick" and residue. Some air fresheners wouldn't hurt either.

Submitted by sdrealtor on July 28, 2011 - 10:01pm.

I have been in the house. The front rooms in the house dont get much natural light but the rest of the house gets plenty. As I am sure you know, the light will change as the sun shifts relative to the house throughout the year. It is a north/south facing home so most of the natural light comes in the back of the house where you want it. It does not come in directly as you would have in an east/west facing home that would be much hotter so you would save a lot on your a/c.

As far as the lanscaping goes, as you know, roughly 90% of the cost of landscaping is the hardscaping (concrete patios, walls and patio covers), brininging in top soil, low voltage lighting, drainage and sprinklers. The dead plant materials represent no more than 10% of the cost in most cases and could be replaced with new grass and plants at a pretty modest amount.

As for the condition? I thought the condition was fine. It needed no more work than the average resell home I see. I asked for a got a copy of a recent inspection report that verified that.

I'm sorry you dont like it. Go find something else.

Submitted by sunny88 on July 28, 2011 - 11:18pm.

I doubt that this home will be sold for less than $900k. I also went inside and thought that it was not great but okay. The dead grass is a minor problem and cleaning can be done for very little money.

Submitted by faterikcartman on July 28, 2011 - 11:26pm.

recordsclerk wrote:
Most of us on this blog have said at one time or another that Santuary by Shea is far superior to Montoro or Serenity in quality and appearance. At $895 that house is a better deal than any Serenity home on the market new or used.
Here is a sold comp that just closed for plan 1 Santuary. This is basically a single story home with two story master suite with loft.

http://www.sdlookup.com/Pictures-110000974

What a great deal.

Would have bought this place on a whim as an interim house if I had known about it.

Personally, I feel a lot of people who are still waiting are being penny wise and pound foolish. The great places are going at great prices and the interest rates of a lifetime. Prices may go down but can you afford an 18% loan? I have a long memory and 1980 seems like yesterday. Do you think our monetary policy ISN'T geared to generate inflation?

If you're an all-cash buyer, however, maybe you can still squeeze out a few more dollars of savings.

Submitted by ocrenter on July 29, 2011 - 7:30am.

ahewitson wrote:

The home is extremely dark inside. Very little natural light comes into any room. The kitchen/livingroom/great room floor plan is very awkward as the kitchen bar "straddles" both rooms. Almost all of the landscaping in the rear is dead or dying and the overall condition of the interior/exterior is rundown. You can't base your judgement on numbers and square footage alone. You should also consider the actual condition once if you've been in and out of this home. Some of these things can be changed and/or improved with work, time, and $$$ but you can only do so much to a home to make it into a different home before you've actually just rebuilt that home.

P.S. Anyone putting an offer on that home should stop by Costco first and get a palette of Clorox Disinfecting Wipes to rid every surface of the "ick" and residue. Some air fresheners wouldn't hurt either.

this is the classic example of why flippers are still around and will be forever and ever. a lot of buyers out there are just like this, unable to see a gem even when walking right inside of one. this is when typically a flipper will walk in, offer a low ball, get accepted, then spend $10k to tidy things up, including purchase of some Clorox disinfecting wipes. Then put it back on the market a month later for instant 6 figure profit.

meanwhile, I do believe there's a Montoro with "free woodchipped front landscape" with ahewitson's name on it...

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