Lawler Park Frisco vs Star Creek Allen (subdivision, property tax)

[lifofifo]

Thanks for your reply, mom2gurls. I did look at the Highland plans, but nothing stood out. And highland was costlier compared to darling (even after negotiating the prices). And the Darling plan we liked (7436) has a base price of $551k and when you add in upgrades, media and the lot premium, the price is around $575k. IMO that's costlier by at least $25k.

Re: resale, I'd imagine it'd break even after 5 years or so if the economy continues to boom like the way it has been booming for the past 2 yrs. But if there's a snag along the way, you'd very easily be in negative equity. Of course, all the new builds carry this risk, but it seems a bit higher at this price point.

Also, I'm not 100% sold on the demographics of the neighbourhood. While I don't care one bit about living in an "ethnic enclave" or otherwise, I'm not sure how this would affect the prices 5 years down the line from the resale POV. Of course it can be beneficial too, but no one can know for sure.

Planning to take a look at Liberty Crossing this week. We definitely like KHov plans more than any of the Highland or Darling plans in ~3600 sq ft range.

We're also very interested in the upcoming Park West and the canals at grand park communities. I'm pretty sure they'd be similarly priced. But if we're paying $550k, I'd be much rather be closer to the legacy corridor and the $5B mile.

[lifofifo]

I'm also keeping an eye on this one - [mod cut]. The price was recently reduced by $10k. It'd be interesting to see how long it remains available.

[frenzyrider]

Originally Posted by lifofifo

I'm also keeping an eye on this one - [mod cut]. The price was recently reduced by $10k. It'd be interesting to see how long it remains available.

I think this is a good one since it backs up to the green belt. However, it is south facing so for some reason that has been a factor. Don't know for sure.

[Franknotank]

Its also smallest house on the street, with tiny bedrooms & game room

[lifofifo]

Well, I think it's a litmus test for the new-ish build resale in the area. Sure, there are plenty of other factors involved there. But most of those shouldn't be a deal breaker in the current market in a community like Lawler Park. Especially in spring. Right? I suppose the per sq ft. is way higher for that house. Probably, mid-low $130s would be more realistic.

[mom2gurls]

I think one factor to consider is also lawler is practically in the closeout phase for darling...There are not that many lots left, even toll brothers and khov in richwoods are closed out or in closeout, and the only builder that I believe is left in richwoods is landon, and a couple of lots at Newcastle and some Toll in the "country section"....which is grossly overpriced....even for Toll. I looked at the quick delivery in the country that is listed at 799 ish and I was grossly disappointed. (And I grew up in Toll homes)..maybe it was just the upgraded that they put in on that model.

We looked at a Newcastle home floor plan and I called on it (we are specific to media down)....and they said the lots they have are just too shallow for that floor plan. Darling says they plan on closing out over the summer and they will just keep the office there for wrapping it up. There may be people that don't or cant/wait due to relocations, leases coming up....etc etc etc. Now with the brinkman gated community set to go up in 2016, it will be interested to see if it is just landon, or will landon give a couple of lots to other developers. Interesting to see what the price points will be...layout areas. But I am sure it will also be a very popular and new community.

[lifofifo]

Originally Posted by mom2gurls

There are not that many lots left, even toll brothers and khov in richwoods are closed out or in closeout, and the only builder that I believe is left in richwoods is landon

Looks like KHov and Toll got some lots in the new phase of Richwoods. We didn't like Richwoods at all anyways.

[shrapr]

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[abbas91]

we are in same sit. let me know what u end up with

[lifofifo]

We ended up signing the contract on a spec home in starcreek 65s. It's very early days though! And the house is still about 2 months away from completion. Fingers crossed.