5 comments | Saturday, April 25, 2009
On February 1, 2009, I listed the model home (previously sales office), and leased by John Laing Developer. Every week-end, 30-40 homebuyers, came asking about the status of the John Laing builder. Because the home I listed is owned by a private owner, I did not have any information about the builder’s status.
Therefore, I called the John Laing Headquarters in February and I was told that they are not going to continue building or complete the Villa d’este community in Fremont. It’s up to their lender to decide on the future of this community in the Ardenwood area.
However, since this is the only floorplan and home available, there is no competition. Unfortunately, the asking price is not attractive to home buyers and timing is wrong, due to the current economic trend. The owner bought the model home for $1,400,000. It is currently listed for $1,275,000 which is still a loss for the seller. The property does have over $200,000 of upgrades with high end appliances.
Recent article about the John Laing company, please click here.
Article on Timeline of John Laing’s pathway to Bankruptcy, please click here.
Very interesting. Do you have an open house? What school district it is in? Can you provide more info?
Hello Mary – Showing is by appointment only. The school district is Ardenwood Elementary, THornton Junior High and American High School. The property has never been lived in and was built in 2007. The property is a two-story, has 4 bed and 4 bath plus a separate studio with full bath, HOA of $215 per month which is for exterior maintenance and clubhouse. The square footage is 3303 sq ft, 2 car garage. Please call me at 510-676-2236 for a private showing of the property. I look forward to meeting you and working with you.
Hi Zaida, do you have listings for other model homes for John Laing properties? I went to the recent article on John Laing which you posted and I found this page – http://www.thedownturnanalyst.com/knowledge-center/john-laing-homes.
The excerpt pdf says there may be model homes available in Breakaway at Arrowood. Just wondering if you know of others. Can you provide more info please? Thanks!
Hi Eric – I don’t have other listings for John Laing properties. However, I do know some owners who might be interested in selling their home. Are you looking for a single family home in this community or a townhome? Please give me a call. thanks.
Really good work about this website was done. Keep trying more – thanks!