Estancia at Otay Ranch

MODELS SOLD & CLOSED
Estancia is Sold Out and Our Office is Closed

Estancia at a Glance:

3,409 – 4,118 sq. ft.
Up to 5 Bedrooms
Up to 4.5 Bathrooms
Casita with separate entry
Fenced Private Rear Yard
2-car Attached Garage

Model 1 – SOLD!
Model 2 – SOLD!
Model 3 – SOLD!

Estancia is SOLD OUT! Cornerstone Communities’ Estancia at Otay Ranch is a collection of 37 single family detached homes featuring 3,409 to 4,118 square feet of living space, up to 6 bedrooms, up to 5.5 bathrooms, up to 4-car garages and generous homesites – many of which will boast incredible views. Estancia homes offered a multitude of exciting room options from prep kitchens to game rooms and California Rooms.

Estancia residents enjoy a variety of amenities that contribute to the small-town character of Otay Ranch. The award-winning trail system is designed to connect residential areas with the village activity center. Residents will love being within easy walking distance to excellent schools and nearby private parks with amenities such as playgrounds, picnic areas and grassy fields for play.

Residents also enjoy full access to the nearby Village of Montecito Clubhouse. This impressive and innovative facility includes a resort-style swimming pool with beach entry and swimming lanes, children’s wading pool, lounge areas, and a spa. There is also a state-of–the-art fitness center, a multi-purpose clubroom, and full kitchen for member use. Other amenities include a fire pit, turf bocce ball courts, gas BBQ stations, and covered outdoor dining areas.

1707 La Cumbre Avenue in Otay Ranch Chula Vista, CA 91913

Sales Office Is Closed
Estancia is sold out.

The Cove Realty Group
DRE Lic. #01451200

WHEN WILL ESTANCIA BE OPENING AND WHEN ARE FIRST MOVE-INS?

The Estancia at Otay Ranch community is projected to open in Summer 2019. First move-ins are projected to occur in late Fall 2019. As with any new construction these dates are subject to change based on adjustments to the construction timeline.

IS THERE A PRIORITY LIST FOR PURCHASING A HOME?

There is no priority list for purchasing a home, please see the “Steps to Purchase” for further details. Also, please join our interest list and like our Facebook page so we can keep you updated on our progress.

HOW MANY HOMES ARE PLANNED AT ESTANCIA AT OTAY RANCH AND WHAT IS THE FLOOR COUNT?

Estancia at Otay Ranch will offer 37 two-story detached homes.

WHAT ARE THE DETAILS ON THE OUTDOOR AND YARD SPACES AT ESTANCIA?

The homes at Estancia have a private fenced rear yard, as well as a semi-private entry courtyard. In addition, the Residence 2 has an interior Entry Courtyard, while the Residence 3 has a Casita Courtyard. Both the Residence 2 and 3 offer an optional California Room with included Fireplace.

WHAT ARE THE BEDROOM/BATH COUNTS, GARAGE DETAILS, AND HOME SIZES?

Estancia Residence 1 – Up to 5 Bedrooms/Up to 4.5 Baths/First Floor Master Bedroom/Up to 3-car Garage – 3,409 sq.ft.

Estancia Residence 2 – Up to 6 Bedrooms/Up to 5.5 Baths/Up to 4-car Garage – From 3,597 to 3,964 sq.ft.

Estancia Residence 3 – Up to 6 Bedrooms/Up to 5.5 Baths/Up to 4-car Garage – From 3,906 to 4,118 sq.ft.

WHAT COMMUNITY AMENITIES DOES ESTANCIA AT OTAY RANCH OFFER?

Otay Ranch offers residents the quintessential southern California lifestyle defined by walkability and easy access to an extensive range of exciting amenities:

• Excellent school system within walking distance

• Brand new state-of-the-art elementary school

• Playgrounds with play equipment for various ages

• Montecito Private Swim Club with pools, spa, gym, club house, tennis courts, basketball court, BBQ’s and bocce ball courts

• Pedestrian-friendly paths and trails

• Parks with recreational amenities

• Multi-purpose fields

• Picnic areas

• Comprehensive medical center

• Shopping & Dining

WHAT ARE HOA DUES FOR ESTANCIA AT OTAY RANCH?

Total HOA dues are currently estimated to be $56 per month at build-out. The HOA dues cover maintenance of the community amenities, common areas, and recreational facilities. This includes membership to the exclusive Montecito Private Swim Club with pools, spa, gym, tennis courts, basketball court, award-winning club house, BBQ’s and bocce ball courts

WHAT IS THE TAX RATE FOR ESTANCIA AT OTAY RANCH?

The tax rate for Estancia at Otay Ranch is projected to be 1.85%, which will include the Mello-Roos.

WHAT SCHOOLS WILL MY CHILD ATTEND?

Currently our children are proposed to attend:

Saburo Maraoka Elementary (k-6) – Brand New School! – 1450 Santa Lucia Road – (619) 421-7080

Rancho Del Rey Middle (7-8) – 9/10 GreatSchools™ Rating – 1174 East J Street – (619) 397-2500

Olympian High School – 9/10 GreatSchools™ Rating – 1925 Magdalena Avenue – (619) 656-2400

If you are giving serious consideration to buying a home, then you will need to join the Estancia buyer list – which you can do by getting pre-qualified with our designated lender, CrossCountry Mortgage. The buyer list will start forming the month prior to the opening of the community.

Once you have been pre-qualified with CrossCountry Mortgage you can use the lender of your choice to finance your new home.

Steps to Purchase

STEP 1

Beginning a month prior to opening you may make an appointment with a Community Sales Agent. The agent will review the steps to purchase and give you a link to the Seller’s Designated Lender on-line application.

You will need to complete all the information in the application (for you and your spouse if purchasing together). If you are considering a purchase with someone other than your spouse, you will need to fill out two separate applications (one for each of you).

PLEASE NOTE: Earnest money deposit is $30,000. If you have chosen to use CrossCountry Mortgage to finance your new home the earnest money deposit is discounted to $15,000. You always have the option of using your choice of lenders to finance your new home.

STEP 2

You will need to email the following documents to CrossCountry Mortgage:

Official Bank statements for each account you have for the prior 2 months (all pages)
Pay-stubs covering the prior 30 days
Federal Tax Returns for the prior 2 years (including all schedules and attachments)
W-2s from the prior 2 years
Loan Worksheet Questionnaire (provided by sales agent)
Buyer’s Certification and Authorization (provided by sales agent)

STEP 3

You will also need to complete the Buyer’s Profile Form and email it to the sales office. Upon receipt of all your documents the pre-qualification will commence and you will be kept updated on the progress.

PLEASE NOTE: Earnest money deposit is $30,000. If you have chosen to use CrossCountry Mortgage to finance your new home the earnest money deposit is discounted to $15,000. You always have the option of using your choice of lenders to finance your new home.

CrossCountry Mortgage is the designated lender of Cornerstone Communities. The relationship with CrossCountry Mortgage allows Cornerstone to offer home buyers numerous benefits and favorable financing solutions. Learn more about CrossCountry Mortgage here.