The community of El Paseo in Foothill Ranch is a small gated community, located next to the town center and is very convenient to shopping and restaurants. This was the first community that replaced the Foothill Ranch Auto Center, with Camden Square Detached homes next.
The first round of homes began selling in late 2015 and to date was just finalized building. So there isn't much sales data out yet. However, I took a look at transactions that were sold through our local MLS and below are sales figures for this new community.
The community has six floorplans ranging from a 1-Bedroom Carriage Units to a 3-Bedroom 1795 sq.ft townhomes. Prices started in 2015 between $371,800 for the 1-Bedroom up to about $570,000 for the largest 3 Bedroom model. El Paseo homeowners who bought in the first phase, have had nice equity gains.
What I liked about the floorplans when they were being built was they are open, light and bright with nice finishes.. Of course remember when you are looking at model homes. But the overall standard finishes are nice and meet today's energy efficient needs and trends the millennial home buyer is searching for.
The community amenities include swimming pool, fire pit, clubhouse, tot lot, covered trellis, great lawn and barbecues! The tax rate is low with no mello roos at 1.08%.
This community is a perfect starter and move up community for first-time buyers and or previous condo homeowners or someone looking to downsize. If you are looking for more information on the community don't hesitate to contact Realtor Kelly Turbeville.
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