Tuesday, October 12, 2010

Mission Grove (new homes)

I finally stopped into the new Standard Pacific development up in Mission Grove (or is it Woodcrest or Orangecrest). Heck I don't know what area it officially falls into but it's near King high school. It's right next to the old Centex development. I don't know if Standard bought the lots from Centex for pennies on the dollar or if they owned these all along. My guess is they picked them up cheap, they seem to be buying a lot of land if they can get it at the right price. But I digress....onto the homes.

The homes are still big which surprised me a bit, however they are smaller than the bubble monsters. They range from 2500 s/f up to 3500 s/f. Prices are in the mid $300s. At those prices the cost per square foot is between $105 and $120. Remarkably enough that is almost in line with many of the regular resales in the area. The homes themselves are pretty nice and seem bigger than the square footage indicates. The bedrooms in particular are quite large which we found a pleasant surprise. Many other builders make huge homes with tiny bedrooms. In order to pull this off they eliminated the formal living rooms. So if you are a fan of a room no one uses you will be disappointed in these floorplans. The lots are still good sized with most of them around 1/4 acre (although many of them have a slope taking up some of that).

The builder was offering some incentives and I'm sure you could negotiate the broker fee back to yourself if you go in alone. I would imagine you could probably get them to throw in some upgrades since it looks like they have a lot of homes to sell. Of course the drawback to buying new is you get a "lot" of dirt. So you will need to spend some coin on landscaping. Of course many of the REO's and shorties still have dirt yards too. The good part is you still get to pick your flooring, cabinet colors, counters and even the exterior to some extent. So there are some definite advantages of buying new. It's often hard to find everything you like in a resale home and most of them will need carpeting or painting. So those costs often can offset the cost of landscaping a new home (unless you want a pool or some fancy back yard).

All in all, I found them not a bad deal. The prices seemed ok, the floorplans were decent and the area is good. The only drawback is Miller middle school is right across the street and traffic is horrific when school goes in and out. So if you are tired of looking at REO's short sales and such you might want to check these out.


FairEconomist said...

Those houses do look pretty nice, and the sq. ft. price is reasonable for the large yards (well, maybe a little high). The decor is pretty hip too - midcentury revival, more or less, and that outside has a nice personality. But that area of Riverside is sticksville! I have a friend who moved out there and to reach it you have to drive for what seems like forever - not during rush - on local roads. Services are somewhat poor there too. Most people would have to make a lot of lifestyle sacrifices to live there.

golfer_X said...

Hey, I live in that area! I do agree though it's a ways from most freeways but Van Buren has great timing on the lights and the speed limit is 50 or 55 on most of it. So you can get to both the 91 or the 215 pretty quick most of the time. I like the area and for me the only real drawback is the lack of restaurants. There's plenty of shopping at Mission Grove (although my wife is dying for a Target to open). I certainly didn't make any lifestyle changes when we moved up here.

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Kash said...

I use to live in Orangecrest, after a year I got tired of the drive down Van Buren and luckily was able to sell. The worst was getting on 91 west. I worked off of La Sierra, so I would turn left onto Victoria and then go down Tyler.

No offense X but it's a real hike up Van Buren to get to Woodcrest/Orangecrest. Someone should really think about the distance to the freeway when buying a home. I would never live more than 5 miles a freeway.

It was 12 miles to the freeway from my house in Orangecrest. It does'nt sound like a lot, but when you are driving back from somewhere and have been sitting in traffic and you finally get to your exit and then have to drive another 15-20 minutes to get to your house it is just a pain.

The best decision I ever made was to move to Norco Hills.

golfer_X said...

I live about 8 miles from the freeway and I hit the road at 5am so for me the drive is a piece of cake. 50% of the time I don't hit a red light till I hit Indiana. You might be right if I had 12 miles to go in might be a different story. Van Buren gets ugly once you get past Washington. This tract is just past that point so the drive might not be too bad. I'm used to ugly drives. Been a long distance commuter forever.

Abbie said...

It seems like I'm looking at my dream house. I can't take my eyes off the house. It has this kind of elegance that is too classy.

My friend had her house through house financing (Edmonton-based) three years ago. When my husband and I got married in 2005, we initially stayed in an apartment. After 5 years, I think its about time for us to have our own house. We're planning to inquire in some
home loans (Alberta-based) early next year. I hope 2011 is our year to move in!