17 replies to this topic

[Farley]

Today I paid a visit to Vessona on the corner of Oak Ave. Pkwy and Iron Point Road. The sales office is now open.

These homes look like apartments, but are called attached homes in a gated community....no yards. There are 112 units a club house and pool/spa. You figure out the Homeowners Assn. dues.

This I don't get. None of the attached homes are sold yet, but the City of Folsom has reserved 16 of them. The city has reserved all the smaller ones: 1,185 sq. ft. including 1 bedroom, 1 bath, and single car garage.

The remaining homes are available priced between $379,900. and $409,900. In approximately three weeks they will begin taking reservations, but potential buyers have to go online and be pre-qualified before making a reservation.

Many of these attached homes will be three levels with the garage on the first level.

Today I could not help notice that these buildings are on elevated ground basking in the stark sunshine without a tree in sight.

Checkbooks anyone?

[bordercolliefan]

$400k for a house with no yard???? You have got to be kidding me!

[DalOwnerX3]

Can we say "bubble"?

I think the reserved houses are probably for affordable housing. They will only cost $300k.

[FolsomBarb]

I think the reserved houses are probably for affordable housing.  They will only cost $300k.

 

Affordable for who? Certainly not a single mom, raising a teenager with one income......

[7-11]

So they are basically apartments with a garage. Pretty pricey.

[Farley]

Sorry, I forgot that they range in size from 1,185sf (all reserved by City of Folsom), 1,314 sf, 1,519 sf, and for $409,900. you get 1,728 sf.

[bordercolliefan]

and for $409,900. you get 1,728 sf.

 

That is CRAZY. I hope they don't sell. That would be a good lesson for the greedy developer.

[Cloud9]

$400k for a house with no yard????  You have got to be kidding me!

 

What's so unusual about that? Looks dirt cheap compared to apartment living in major cities.

If it were me, and I were buying an apartment for that kind of money, I'd buy in one of those fancy high rises going up in Sacramento.

So how does one get on the list for the reserved apartments the city is holding (assuming one qualifies) or are they all going to their buddies in the city government?

[Orangetj]

$400k for a house with no yard????  You have got to be kidding me!

 

I dunno...the "yards" many of the new houses come with are so small as to be useless anyway. In fact, I'd call them less than useless, as they still require some kind of maintenance/upkeep despite being to small to actually allow one to do anything in them. The houses along Oak Ave just past American River Canyon Drive are a perfect example. The back fence can't be more than 8 feet from the back door of those houses. I mean no offense if anybody here owns one of those homes, as we all choose our homes based on our own needs.

[Farley]

However, even a small yard is nice for a family pet. There will probably be a problem with dogs using all the community grass areas since they won't have any yard.

[Cloud9]

Plenty of dogs live in NYC apartments. They have no yards.

[Farley]

Plenty of dogs live in NYC apartments. They have no yards.

I know that cloud...the same is true of San Francisco, Chicago, D.C., and other large cities. But having owned dogs all my life, I know they like to get out side and play and roll and chase and eat grass and lie in the sunshine. To me it is unfair to the animals to leave them in apartments all day.

I know they must get walked and there are people who work as professional dog walkers. However, when I visited NYC, Chicago, Washington D.C., there was also an inordinate amount of dog poop on the sidewalks. In San Francisco someone had stepped in dog poop on the side walk before entering the Curran Theatre. For two hours about two rows of people were holding their noses during a performance.

[Cloud9]

... I know they like to get out side and play and roll and chase and eat grass and lie in the sunshine...

 

Dogs eat grass? I owned 4 - 3 German Shepherds and a mutt, and never saw them eat grass....

Aside from the grass bit, it sounds like what many of the people that live in large cities would like to do as well...

[OctoberLily]

$409K for 1700 sq feet of space and a neighbor right next to you with no space in between and no yard. Developers need to get REAL!! I'd rather drive all the way to Lincoln or Plumas for a 4 bedrom 2 ba home with an enormous yard than buy something like that. In 10 years that apartment won't be worth the $400k you bought it for! This is ridiculous. What idiot would pay $400K for an apartment? It's not like you are in city like San Fran, Seattle, New York, or Chicago!

[bordercolliefan]

My neighbor's house just sold for $420k in Natoma Station. It's 3 bdrm, probably about 1700 sq ft, with a pool in the backyard. So... who's going to spend the same $$ for an apartment with no yard?