Kayla Rodrig…, Home Buyer in New Jersey

can anyone tell me why older homes in mandarin(in their 80s or 90s)costs the same as new homes in fruit cove?

Asked by Kayla Rodrigues, New Jersey Thu Jan 10, 2008

Help the community by answering this question:



Mandarin has always been a desirable address.

Pricing between Mandarin and the newer homes in Fruit Cove were not always as close in price. Mandarin once offered prices more affordable for homes that were closer to the corporate areas of Southpoint , Deerwood and easier access to the interstate for downtown.

Some factors contibuting to Mandain homes maintaining value with less price adjustment this year are as follows:
Many of the Mandarin Area Schools compare favorably with the St. Johns County Schools.
There is less land available to be developed in Mandarin, pushing the cost of land for developers higher, helping to maintain value for exisiting homes.
There are very few communities in Mandarin with CDD fees.
There is public Transportaion
Easier commute to corporate areas

As Holly has stated, Fruit Cove/Northwest St. Johns County is still in growth Mode with lots of land available for developers. Builder's are still competing. Builders have dropped prices drastically on new homes, many Builders have reduced prices between $50,000 and $100,000 forcing the resale homes to compete.

Many tree lovers like the feel of Mandarin with it's century old oaks and hardwood trees. The older areas of homes in Fruit Cove have the same characteristics as Mandarin. Many of the Newer communities in Fruit Cove were originally pine forests that were cleared for development with lots of newer trees added giving the area a newer, fresher, brighter feel.

Who knows what the effect of gas prices soaring will have, in the future, on homes that are closer to the coroprate areas.
Web Reference: http://www.cathysloan.com
2 votes Thank Flag Link Thu Jun 19, 2008
Mandarin is a more established neighborhood than Fruit Cove, and has a terrific reputation as a familiy friendly community with short commute times to Jacksonville. Fruit Cove is a bit further south than Mandarin, and so a bit further of a drive. If I can help in any way, please let me know. Carol Zingone, Broker Associate, Vanguard GMAC, 904/993-9048.
2 votes Thank Flag Link Wed Jun 4, 2008
Hello Homebuyer in New Jersey, funny, I'm originally from New Jersey also! Another answer to your question in addition to the already wonderful answers you have receved is location, location location. Fruit Cove is just gorgeous but it still in growth mode. Where as Mandarin is closer to the major highways with easier access to other ares in Jacksonville. I hope this helps!

Holly Balaban
Prudential Network Realty
0 votes Thank Flag Link Thu Jun 5, 2008
Still one of the fastest-growing communities in Jacksonville, Mandarin offers something for young and old alike. Whether you’re seeking a starter home or a large riverfront showplace, Mandarin offers it all. It's a very desirable place to live. Like anything, the more desirable it is the more expensive it's going to be.
0 votes Thank Flag Link Wed Jun 4, 2008
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