I should caution everyone planing to buy a townhome in carmel valley.
1) Check the approximate age of the townhome
2) Check the current HOA fee and see if it's underfunded.
What a lot of people are discovering recently is that a lot of shoddy construction work + 10 years age + lots of common area repair bills + underfunding in HOA dues = steep HOA hikes in the forseeable future.
For example: I'm told Crest Del Mar, which was one of the nicer townhomes, is currently experiencing HOA underfunding, and owners have been notified of gradual HOA due increases moving forward. Current around $250-$285.
Especially if your interested in condo-converts..There is a high probability the HOAs are underfunded. (Especially if you're considering in the Heights auction).
