First of the Great Park Homes Will Go on Sale Soon

One of the early renderings of how the Great Park Neighborhoods might look

A milestone will take place soon at the Orange County Great Park; the sale of the first FivePoint Community Great Park homes will go on sale in September.

“The very first of the Great Park Neighborhoods, Pavilion Park, is located at the northern edge of the Orange County Great Park. It will add a touch of relaxed nature to everyday life in Irvine. This neighborhood's main attraction will be a large, central park shaded by majestic heritage trees. And a choice of graceful, new home collections, each inspired by classic, American Heritage architecture but designed with great flexibility for today's multigenerational families.”—Great Park Neighborhoods

When the Pavilion Park homes go on sale in September, the following choices will be available:

Birch Trail Richmond by American Homes

  • Approx 1,878 – 2,388 sq. ft.
  • 3 – 5 Beds | Up to 3 Baths
  • 2-Car Garage
  • From the upper $700,000s

Roundtree by Lennar

  • Approx 2,053 – 2,472 sq. ft.
  • 4 Beds | 3 – 4.5 Baths
  • 2-Car Garage
  • From the $700,000s

Springhouse by Taylor Morrison

  • Approx 2,161 – 2,481 sq. ft.
  • 3 – 4 Beds | 2.5 – 3.5 Baths
  • 2-Car Garage
  • From the upper $700,000s

Beachwood by Lennar

  • Approx 1,767 – 2,691 sq. ft.
  • 3 – 4 Beds | 2 – 4 Baths
  • 2-Car Garage
  • From the $800,000s

Whistler William by Lyon Homes

  • Approx 2,336 – 2,896 sq. ft.
  • 4 – 5 Beds | 2.5 – 3.5 Baths
  • 2-Car Garage
  • From the $900,000s

Sagewood by Shea Homes

  • Approx 2,515 – 2,960 sq. ft.
  • 3 – 5 Beds | Up to 4.5 Baths
  • 3-Car Garage
  • From the $900,000s

Hawthorn by Pulte Homes

  • Approx 2,488 – 3,486 sq. ft.
  • 3 – 6 Beds | 2.5 – 5 Baths
  • 2-Car Garage + Storage
  • From the $1,000,000s

Rosemist by Lennar

  • Approx 2,924 – 3,404 sq. ft.
  • 4 – 5 Beds | 4 – 5.5 Baths
  • 3-Car Garage
  • From the low $1,000,000s

Harmony by K. Hovnanian Homes

  • Approx 3,362 – 3,722 sq. ft.
  • 4 – 5 Beds | Up to 6 Baths
  • 3-Car Garage
  • From the low $1,200,000s

Melrose by Ryland Homes

  • Approx 3,900 – 4,223 sq. ft.
  • 5 Beds | 5.5 Baths
  • 3-Car Garage
  • From the mid $1,000,000s

To receive information about Pavilion Park, including invitations to model home previews, special gatherings and events, fill in the registry form found on the right side of the Great Park Neighborhoods web page.

A Review of the Cambria Tract at Stonegate: Residence Three

Click here for an overview of Cambria at Stonegate, related documents, and a review of Residence One

Residence Three

1,690 Sq Ft

3 Bedrooms, 2.5 Bathrooms

Base Price: $627,20

Residence Three is always an end unit and is found on the right side of a two-, three-, or four-unit building. A 3R is on the left side of a four-unit building (which is the only difference between a three- and four-unit).

This model is also quite similar to the other two, but does vary a bit more. The entry is more open, with a little nook tucked in by the stairs. It has a big closet with low-ceilinged storage at the back. The powder room is arranged with the sink and toilet side by side, rather than opposite each other on either side of the door. It feels much bigger this way than in the other two homes.

The hall opens to the great room which, like the others, has a wall of windows at the back and a small window on one side. It is shown without any upgrades. In the standard model three, the great room is on the right and kitchen on the left, which is the opposite of the other two residences.

Again, the kitchen is almost identical. Like Residence One, the counters and cabinets extend all the way to the back wall. They upgraded to show glass doors over the counters in the dining area. It shows an upgraded Kitchenaid appliance package, including a 36” cooktop over a separate oven, rather than the standard 30” slide-in range. The dining area is the same, with walls at the back and a door to the back patio. The biggest difference in Residence Three is that it has an option for a real pantry (though the microwave would be inside it). The model shows this option and includes the barn-style door enclosure.

The only difference in the back patio is that the bigger and smaller sides are reversed.

Upstairs, this model is set up very much like Residence One. There are two secondary bedrooms without an option for a loft. Both rooms have standard closets and this model shows the optional storage above them, with cabinets in one and an open space in the other. The rooms are the exact same size, each with a window facing the street, but are mirror images of each other.

Their shared bathroom (not attached) has two sinks and a shower/tub combo with an option for just a shower.

The model shows the upgraded laundry room with sink, though the standard comes with a linen closet instead. The machines are still stacked and there are cabinets over the sink.

The master bedroom is also basically the same, with big windows at the back and two small ones on the side. In this home, the closet is off the bedroom itself, rather than at the back of the bathroom. The model shows upgraded built-ins in the closet and crown molding in the bedroom.

The master bath comes standard with a separate tub and shower. Unfortunately, this means the shower is a lot smaller than in the other two homes and there isn’t an option to change the layout. I think the shower is much too small. The sink and counter area is the same.

At almost 200 square feet bigger than Residence One, this house does feel a bit more spacious, but it doesn’t really feel that much bigger. The bigger entry, nicer powder room, and true pantry are nice changes from the other two models, though I wouldn’t like having the microwave inside the pantry. I also like that Residence Three is always an end unit.

Overall, these are basically three different versions of the same floor plan. If you like one, you’ll probably like them all. I like the general layout and it feels like a single family home on the inside even though it’s actually attached. The base prices are reasonable and many of the standard features are nice enough that upgrades aren’t necessary. The homes are most similar to Stonegate’s Santa Maria tract. Cambria has bigger patios, a garage at the front of the home, more square footage in each model, and, in my opinion, a better overall layout of the home. Santa Maria, on the other hand, has an optional downstairs bedroom in some models and is in a better location within Stonegate (closer to the school and community park, farther from any major streets).

Both Cambria and Santa Maria are now selling and have similar price points. Which neighborhood would you choose, and why?

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,4188.0.html

A Review of the Cambria Tract at Stonegate: Residence Two

Click here for an overview of Cambria at Stonegate, related documents, and a review of Residence One

Residence Two / Two-R

1,504 Sq Ft

3 Bedrooms, 2.5 Bathrooms, Optional Loft (open or enclosed) at Bedroom Three

Base Price: $593,700

Residence Two can be found in a two-unit building. Residence 2R (as modeled) is on the end of a three-unit building or is one of the middle units on a four-unit building.

This floor plan is nearly identical to Residence One, though the model shows the reverse version so most things are on the opposite side. The entry has stairs immediately on the left (with the standard coat closet at the bottom) and a hall (with powder room and garage access) leading to the living space at the back.

In the reverse plan, the kitchen, dining, and great room are set up with the same orientation as in Residence One. The kitchen island is virtually identical, as are the placements of the fridge and range. There is a little extra cabinet space to the side of the fridge, as this model has the hall opening up to the great room, whereas the hall in Residence One opens to the kitchen. The cabinets and counter do not extend all the way through the dining area, leaving space for a buffet or china cabinet instead. Upgrades in the model kitchen include maple cabinets, clear glass doors at both sides of the hood, and a Caesarstone counter with upgraded backsplash.

The great room is shown without any upgrades and shows a different arrangement of furniture and TV placement than the other model. Again, it does not have a fireplace.

The back patio is exactly the same as in Residence One.

The model shows an enclosed loft with pocket doors (French doors also available) rather than an open loft or the standard bedroom three. It is a nice-sized room with a window facing the street. If buyers opted for the bedroom, it would include a standard, two-door closet with optional storage above.

The adjacent second bedroom is the same size as the loft, with a bigger window facing the street and a smaller one facing the side, though it looks toward the other homes in the unit and not toward the unattached side of the house. Upgraded beveled mirrored closets are shown in this model.

The secondary bath is just outside of bedroom two. It has dual sinks with a good amount of space between them and shows the optional shower only. The laundry room comes standard with stacked machines and a linen cabinet, but an optional sink can replace the cabinet.

The setup of the master bedroom is quite similar to in Residence One. Because it is an end unit, there are small windows facing the unattached side of the house in addition to the bigger windows on the back wall.

The master bath is basically a mirror image of Residence One. This one shows most of the standard features, including the dual sinks, white Thermofoil cabinets, satin nickel knobs, and marble countertop. It also has the standard sterling tub/shower combo, though there is an option for a shower only. The walk-in closet seems a bit bigger than in Residence One.

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In general, if you like Residence One, you’ll like Residence Two (or Two R, as shown). Residence Two has an additional 50 square feet and could be an end unit in some buildings. The biggest difference is the standard third bedroom with option for a loft, whereas Residence One cannot include in a third bedroom.

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,4183.0.html

A Review of the Cambria Tract at Stonegate: Residence One

Stonegate’s newest neighborhood, Cambria, opened a few weeks ago. The three townhomes by Irvine Pacific Homes feature two to three bedrooms and 2.5 bathrooms. There aren’t many differences between the first two models, and all three have a lot of similarities. Buildings will be configured with two, three or four residences. Each townhome has a two-car garage at the front of the house and a patio in the back. None of the homes have a bedroom downstairs. Cambria runs alongside Irvine Blvd and is closer to the Jeffrey side of Stonegate.

A few of the standard amenities in each home are Whirlpool stainless steel appliances, white Thermofoil cabinets with adjustable shelves, granite slab counters with a 6-inch backsplash (full backsplash at range), and dual undermount sinks with marble counters in the master bath. The flooring consists of tile in the entryway; vinyl in the kitchen, dining, bath and laundry; and carpet throughout all living areas. Pricing ranges from a base of $548,600 for Residence One up to $627,200 for Residence Three. Homes range from 1503 to 1690 square feet.

Pricing and Maps

Brochure

Plans

Basic Neighborhood Financial Information

Base Property Tax: 1.05% of sales price

AD Tax: $1,885 per year

CFD: $1,700 per year

Other Taxes: $160 per year

Homeowners Dues: $290 per month (includes $178 for Cambria Assn & $112.50 for Stonegate Assn) – rates are approximate

If you split all of these expenses evenly over 12 months, it amounts to nearly $1,100 in fees, even basing the property tax on the base price for Residence One.

Residence One

1,503 Sq Ft

2 Bedrooms, 2.5 Bathrooms, Loft, Optional Enclosed Loft

Base Price $548,600

Residence One can be found in the middle of either a three or four unit building, so you will always have neighbors on both sides of this model. A few of the upgrades shown in the model include brushed chrome pulls, Caesarstone counters and a single basin sink in the kitchen; upgraded flooring, window treatments and baseboards throughout; recessed can lights in the master bedroom; and, in the master bath, decorative mirrors, an upgraded shower enclosure, and upgraded counters and tiles.

I entered the home and immediately saw the stairs to my right and a long hallway leading to the great room and kitchen at the back. Along the hall, I passed a small powder room on my right and garage access on my left.

The hall opens up to the great room and kitchen at the back of the house. Windows line the whole back wall, bringing in light and giving the rooms an open feel. The kitchen features a big (but not huge) island that houses the sink and dishwasher and also has room for several bar stools. Cabinets and drawers line the wall to the right, broken up by the range and the microwave. Ample counter space and storage nooks in the dining area provide plenty of room for prep and storage. It lacks a true pantry. The dining area is at the far end of the room, with space for a good-sized table.

The great room has a big built-in unit on one wall that houses the TV and bookshelves. The room is pretty big and offers space to arrange it in a variety of ways. It does not have a fireplace.

The door to the backyard is off the dining area. It has a wider patio space behind the great room and a narrower spot behind the dining area.

There could be a small coat closet at the bottom of the stairs; however, the model shows a built-in shelving unit instead. As this is the only downstairs closet, most buyers probably wouldn’t swap it for shelves.

Upstairs, there are two bedrooms and an open loft. The loft is directly at the top of the stairs. While there is an option to enclose the room, it would still lack a closet and couldn’t be considered an actual bedroom. It has a window facing the front and makes a good office space. Even with it open, noise shouldn’t be a problem, as it only overlooks the stairs and is above the entryway, so it isn’t open to any true living space.

The secondary bedroom also faces the street. It is a pretty big room with wall space that allows for easy arrangement of furniture. It has a standard, two-door closet with an option for storage above (as seen in one of the other models). The en-suite bathroom has a single sink and a shower/tub combo with an option for just a shower.

The small laundry room has a stacked washer and dryer and a linen cupboard. An optional sink could replace the storage.

The master suite spans the back of the house. Large windows on one wall let in a lot of light and make the room feel even bigger.

The master bath has dual sinks set in a long counter with cabinets and drawers for each side. A small window brings in some natural light. This model eliminated the tub and shows the optional upgraded shower. The walk-in closet is at the back of the bathroom and, though it’s a good size, it certainly isn’t as big as the closets in many other new homes.

Overall, I like the floor plan. It is basic, but the space is used well and the rooms are pretty big. I think the laundry room is too small, but that is my only real complaint. The back patio is even a good size for a townhome. At approximately $365/square foot (without upgrades), it is on the lower end of the spectrum for townhomes currently on the market in Irvine.

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,4178.0.html

A Look at Some Housing Stats for Irvine and Surrounding Cities

My post from last week provided some stats on the Irvine housing market, for example, the percentage of the asking price that homes in Irvine sold for. That got me to wondering how these numbers compared to the numbers for other cities near Irvine. So that is what we will look at in today’s post. The following numbers are for the ninety days that precede July 28.

Any opinions on what the following numbers are telling us about this housing market?

Area Median List Price Median Sale to List Price Avg # of Offers Avg Down Payment # Homes Sold
Irvine

$739,000/

$426 per SF

100.3% 4.1 25.20% 508
Lake Forest $629,900/

$326 per SF

100.6% 5.3 22.40% 209
Tustin $632,450/

$360 per SF

100.70% 3.4 20.7% 195
Orange $644,700/

$339 per SF

99.0% 4.7 23.1% 302
Santa Ana $385,000/

$291 per SF

100.50% 2.1 10.00% 490
Costa Mesa $749,000/

$432 per SF

99.3% 1.4 17.1% 204
Newport Beach $2,649,950/

$992 per SF

96.9% 5.5 35.0% 315
Orange County $700,000/

$372 per SF

99.6% 4.1 25.9% 6,619

Source: Redfin