SJV Homes, Presidio Residential Capital closes on new land and will build 175 new detached homes
DINUBA – Housing in Tulare County is hard to come by, but some additional inventory is on the way now that SJV Homes has closed on land in northwest Dinuba.
San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital recently closed on land where they will build 175 single family, detached homes in a new community named Montebella. Located at the intersection of Road 72 and Saginaw Avenue, construction is slated to begin May 2022 with model homes available in late summer 2022.
“We are returning to desirable northwest Dinuba to build this new community, not just because we love this area, but also because of its need for new homes as inventory here remains low,” Danny Garcia, vice president of sales at SJV Homes said. “We think this is a great place for families and empty nesters because of its affordability and proximity to many of the region’s attractions and amenities.”
Montebella will feature single- and two-story homes with five distinct floor plans ranging from 1,298 to 2,076 square feet built on average lot sizes of 6,800 square feet with the minimum lot size of 6,000 square feet. Some homes will be located on oversized corner lots or situated in family friendly cul de sac locations. Homes have three to four bedrooms, two to 2.5 baths and two-car garages. Exteriors styles include modern cottage, craftsman and farmhouse.
Flexible room options are available on some plans, providing the opportunity to customize the home to fit personal lifestyle from an additional bedroom or a home office. The interiors feature open-styled great rooms with adjoining kitchens and eating areas. Kitchens include a pantry and Whirlpool® stainless steel appliances. Spacious owner’s suites have large walk-in closets and adjoining baths. A wide variety of options and upgraded features are available including colors and styles of flooring, countertops, cabinets and appliances. Each home has an indoor laundry room.
Students can attend Grand View Elementary, Washington Intermediate School and Dinuba High School, all part of the Dinuba Unified School District.
Major retail, entertainment and services are nearby. State Route 99, a major transportation corridor in the Central Valley connecting Fresno to the north and Bakersfield to the south, is to the east. Major employers in the area include the County of Tulare, Visalia Unified School District and Kaweah Delta Health Care District in Visalia and Ruiz Foods and Walmart in Dinuba.
SJV Homes, in partnership with Presidio Residential Capital, a San Diego-based real estate management company, has now developed more than 30 joint venture projects in the Central Valley.
According to the National Association of Home Builders’ formula to determine the local impact of single-family housing in typical metro areas, adding 175 single-family homes will generate $50 million in local income, $6.3 million in taxes and other revenue for local governments and 689 local jobs.