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 localguy on July 29, 2011 - 8:52am.

If you look around there are deals in Stonebridge. I have been preaching this for a while. The referenced house that just sold around $900k is a great example. It is landscaped with a pool, has decent flooring. Slap on some paint, have it cleaned, and move in!You know that Toll & Serenity are in the high $800k to low $900k for a new home. don't under estimate landscaping/pool. That is the reality in this area. Personally I like views and privacy. Some of the new Toll and quite a few of the Standard Pacific lots will have these. Do your research.
Localguy

Submitted by sdrealtor on July 29, 2011 - 8:54am.

exactly

Submitted by sunny88 on July 29, 2011 - 11:19am.

In my opinion, some of the resale homes under distress are real bargains at this time. I would not buy a new home in Stonebridge for this reason.

Submitted by familyguy on July 29, 2011 - 7:15pm.

Agreed...the value of landscaping (specifically hardscaping) is really lost in many peoples mind. I bought a new home, and if I had it to do over again I would have DEFINITELY waited for a resale with all the landscaping complete. Unless you have an unlimited budget, I really feel like that's the way to go.

Submitted by recordsclerk on August 5, 2011 - 2:28pm.

Looks like the Toll models are going to have their grand opening September 15-18.
They are offering up to 40K incentives on upgrades if you pre-order before models open.
40K incentives if you spend 100K or more on upgrades. You get 20K if you spend 50K on upgrades. You still get the 10K they've been offering if you don't upgrade.

Submitted by recordsclerk on August 15, 2011 - 8:31am.

This house just closed @ $157 sqft. It backs up to Stronebridge Parkway and power lines.

http://www.sdlookup.com/MLS-110032867-13...

Submitted by familyguy on August 15, 2011 - 12:42pm.

WOW...a far cry from the 1,125,000 it sold for in 2006.

Submitted by sdrealtor on August 15, 2011 - 1:03pm.

Still only 30% off purchase price. That house didnt just back up to SB Parkway, the backyard is about 40 ft from it and at street level. I would've expected a bigger hit than 30%.

Some of the big houses on big lots that sold in the 1.5M range are 40% off and represent better values IMO.

Submitted by matula on September 11, 2011 - 8:49am.

Anybody visited the almost finished model homes at Toll Brothers this weekend? Any thoughts on how they look like inside etc etc?

Submitted by AN on September 11, 2011 - 10:11pm.

I wonder if these will ever hit 50% off peak? $562k?

Submitted by sunny88 on September 11, 2011 - 11:54pm.

I doubt that they will ever go this low unless the economy crashes like in Greece. This is an unlikely scenario as Obama will step in and rescue the economy with additional $450 billion and other brilliant ideas.

Submitted by sdseeker on September 13, 2011 - 8:56pm.

I thought it might help to have an actual Stonebridge resident comment. If you check my old posts you can see the saga of our search and decision to purchase in Viscaya from City Ventures closing/moving in May/2010. Several people on this thread have been interested in this neighborhood so maybe I can give you our perspective. Of course there is a confirmation bias as no one likes to admit they made a bad choice. However I don't have any buyer's remorse and much satisfaction. It may not be the neighborhood for everyone but I will try to be clear about one resident's evaluation. If anyone is seriously considering Stonebridge and wants to ask me any specic questions I will be happy to respond.

So here is an update on how we feel 18 months later and some commentary on Toll Brothers which will be our new neighbors:
1) The commute from Stonebridge is about 5 minutes out to Pomerado from the very top (Viscaya). This could be a bit longer if you get behind a school bus but everyone knows the schedule and you just avoid that 10 minute window. Plus these bus drivers are very good and make it easy to get around by not putting up the flag to let cars pass.

I commute to the Spectrum area off Clairemont Mesa and 163. The commute takes between 20 minutes and 30 minutes (rarely). Pomerado even with the construction is 10 minutes to 15. 15 onramp at Pomerado is 2 minutes and I think I have never had to wait at the ramp behind more than 6 cars. So I am hard pressed to find anything problematic about the commute. Today I left my office at 5:20 and was grilling at 5:47.

The views back here are spectacular and while I don't back up to Stonebridge (I back up to the canyon and see for miles) I don't think it would be a big deal for noise. But I would not trade my view.

I am not a fan of any of the lots that have the huge hill behind them. Just my personal taste and I would happily pay a reasonable premium for the view. The extra water and landscape maint. on that slope might not offset the lot premium over time but I would opt for the canyon and pay the up front cost(and did). But I think our lot premium was something like $20K.

As far as the access to normal "services" if you are used to 5 minutes to a grocery you won't like it. But in 15 minutes or less I can get to 2 movie theaters, our own local community playhouse, costco, many gas station, LA Fitness, several groceries, Home Depot...
On the weekend I can get to the beach in about 25 minutes. I fly for work and that is 30 minutes to SAN. So for me, it could not be more centrally located. I am from a more rural area in the south so I like some space and while 4S seemed nice and convenient, I like the tranquility and open space of this area. We feel like we live on the edge of the world but as you heard we have easy access to work, shopping and recreation. Our kids were grandfathered in at Scripps Ranch High so I cannot oomment about the school situation other than Scripps Ranch was a fantastic school for them.

We toured the single level model Saturday and it is still in heavy construction. The entry was breathtaking as you see right through the house. I am not sure I would like the floorplan as the master seemed a bit rectangular and I prefer our 2nd floor master with the balcony and a better canyon view but with the pool I am sure it will be very attractive. I don't think I liked the bar in the corner of the living room and having the dining area all together but until the model is ready I would reserve judgement. The house seems to be very high end and I thought the "standard" items were acceptable. We have owned some very "tricked out" houses from high end custom builders outside of CA. Wainscoating, marble baths, trey ceilings... For our Viscaya home we opted for the bare minimum upgrades, selecting items where it was more practical or reasonably comparable to get it from the builder (such as the granite for the kitchen). City Ventures was very aggressive on many of the options. But we took std cabinets, std. carpet, std ceramic counters (bath) and even vinyl on the bathroom floors. I have no regrets and am happy that we kept the cost down. Partly this was an economic decision but we also decided (my wife and I) that none of those items really made a difference to us in our day to day living.

I am looking forward to seeing the finished models but if I were looking for a large new house in a nice neighborhood I would seriously consider the Toll Brothers homes.

Submitted by ocrenter on September 14, 2011 - 8:14pm.

sdseeker, good to hear from you.

had you known Toll Brothers would be coming, would you have waited the extra 2 years instead of buying into CityVenture. (unfortunately we already know the answer for Montoro residents...)

Submitted by sunny88 on September 29, 2011 - 10:46pm.

Back on the market! What a steal...!

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

Submitted by ocrenter on September 30, 2011 - 7:13am.

http://www.sdlookup.com/MLS-110001686-14...

Apparently serenity is still able to find buyers even for its deficient lots without much discounting.

Submitted by kcal09 on September 30, 2011 - 7:23am.

He must be kicking himself for not waiting....
Paying $960 k for this one is just ridiculous...

Submitted by sdrealtor on September 30, 2011 - 9:24am.

FWIW, it isnt back on the market. My client has it under contract and we are working through issues related to them not the property.

And yes it is a steal. Also to address some concerns brought up by other posters previously the buyer is not paying any back taxes, mello roos or HOA dues. All of them are being covered out of the proceeds.

Submitted by sunny88 on October 2, 2011 - 6:58pm.

matula wrote:
Anybody visited the almost finished model homes at Toll Brothers this weekend? Any thoughts on how they look like inside etc etc?

Both models are quite nice (I prefer the one story La Jolla model). Base price looks good on paper, but once you add on all the options plus landscaping the home will end up costing you at least $1.1 million.

Submitted by matula on October 3, 2011 - 8:17pm.

So the best buys are still the foreclosed/short sale ones then.

Submitted by sunny88 on October 3, 2011 - 8:24pm.

matula wrote:
So the best buys are still the foreclosed/short sale ones then.

Absolutely, and there will be more coming...

Submitted by sdcellar on October 4, 2011 - 11:56am.

sunny88 wrote:
Back on the market! What a steal...!

http://www.sdlookup.com/MLS-100051901-14661_Old_Creek_Dr_San_Diego_CA_92131

I'd say if it goes at this price, it's probably one of the best deals so far in Stonebridge? Haven't seen it, so that could be the difference, but on paper...

Submitted by recordsclerk on October 5, 2011 - 9:43am.

This Tiburon house just closed. Very nice home with a view lot (ocean view on a clear day). Deals can be found, you just have to be patient. I just can't justify buying a new home when you can find deals like this.

http://www.sdlookup.com/MLS-110025247-15...

Submitted by localguy on October 5, 2011 - 10:33am.

I spoke about this house on this topic or another Stonebridge topic. The previous owner/family is our friend and they had to re-locate to the East coast. Their employer purchased the house from them and has now re-sold it. I agree, killer deal. Turn-key house.
Localguy

Submitted by ocrenter on October 8, 2011 - 5:01pm.

finally got a chance to take a look at the models.

they are nice, definitely better than serenity, there's no need to even mention montoro.

however, compared to the quality and type of material used in sanctuary, tiburon, and scripps preserve, I can see they did have some corner cutting. but overall, not really noticeable.

if we are looking at a new Toll home vs resale from the above three, I would recommend the resale.

Submitted by familyguy on October 8, 2011 - 8:34pm.

I just got the feeling that the homes were "squished" in. Especially the two story; the driveway for example, it looks nice but if you think about actually putting a car in either garage it would have to be a Cooper mini as there simply isn't enough room to negotiate the turns.

Further, there is little or no space between the pillars and the front door. IMO there needs to be at least 6' or so between the pillars and front door, the current configuration has about 2.5' (roughly.) Then, once you get inside the double stair case is beautiful, but again it's SO close to the front door that you have to stand outside to appreciate it. Great concept, but far to little space for the design. Once inside, there are no bathroom doors installed but if you can imagine the bathrooms with doors in the bedrooms, you'll find there will be barely enough room to close the door without hitting the toilet. I think someone who hasn't purchased a brand new home after seeing models might overlook this so it's something to concider.

I thought the backyards at both places were done nicely, and the finishes were nice as well. When you actuially price out a home with a view and outfit it anywhere close to the models you would easily be in the million+ range which again IMHO, is overpriced.

Just my .02

Submitted by matula on October 9, 2011 - 3:39pm.

So what would be a reasonable price let say for the La Jolla model? They are listed at $849K.
Would $750K be a reasonable price?

Submitted by sunny88 on October 9, 2011 - 5:25pm.

matula wrote:
So what would be a reasonable price let say for the La Jolla model? They are listed at $849K.
Would $750K be a reasonable price?

I would say $700k would be a fair price given the fact that you need at least $200k for upgrades and landscaping. For this location a price over $ 1 million is too much.

Submitted by sunny88 on October 9, 2011 - 5:39pm.

familyguy wrote:
I just got the feeling that the homes were "squished" in. Especially the two story; the driveway for example, it looks nice but if you think about actually putting a car in either garage it would have to be a Cooper mini as there simply isn't enough room to negotiate the turns.

Further, there is little or no space between the pillars and the front door. IMO there needs to be at least 6' or so between the pillars and front door, the current configuration has about 2.5' (roughly.) Then, once you get inside the double stair case is beautiful, but again it's SO close to the front door that you have to stand outside to appreciate it. Great concept, but far to little space for the design. Once inside, there are no bathroom doors installed but if you can imagine the bathrooms with doors in the bedrooms, you'll find there will be barely enough room to close the door without hitting the toilet. I think someone who hasn't purchased a brand new home after seeing models might overlook this so it's something to concider.

I thought the backyards at both places were done nicely, and the finishes were nice as well. When you actuially price out a home with a view and outfit it anywhere close to the models you would easily be in the million+ range which again IMHO, is overpriced.

Just my .02

I completely agree. Especially the 2nd model's stairway is overdone. This just doesn't belong into that size of house. Other than that, the homes are clearly overpriced given the fact that a lot of options are necessary to make the house nice.

Submitted by Cxtail1 on February 25, 2012 - 11:50pm.

I'm a first time home buyer and I fell in love with the model homes. Am I in over my head is it a bad idea to spend a million on ones of these homes. Has any buyer negotiated a lower deal I'm just not a fan of looking at short sales that I need to put 200 k into work. A lot of homes in this area sold for 1 mil in 06 and now are 700 k. And I just don't want to be apart of that group on a 2012 buyers Market
Any advance

Submitted by localguy on September 15, 2012 - 9:16am.

Update on Toll Brothers & Standard Pacific.
I did an informal count the other weekend and see that 21 of the Toll Brothers properties are sold or under contract. I see quite a few of the single story homes in the mix. Standard Pacific has sold a handful of homes as well. More traffic in the neighborhood as people scope out other homes for sell and/or distressed properties. I have some squatters next to me and quite a few drive bys stop and point. It reminds me of my strategy before I moved in.
Localguy

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