Caminito Cielo Del Mar in Carmel Valley

[carmelrenter]

There are now three 3bd/3br townhouses on Caminito Cielo Del Mar in Carmel Valley listed in MLS now (3690, 3693, and 3746), all asking between $500k and $530k. At first glance, these seem to be quite reasonable prices for a modest starter home in a nice area. Anybody have any information about these units? What is the general opinion about the current price level and stability in the Carmel Valley area?

A bit of background, my wife and I are both young professionals currently renting in the Carmel Valley area, and are getting antsy to buy a reasonably priced starter home. We would like to stay in the Carmel Valley area because it seems to have well regarded schools, it’s walking distance to grocery stores and food, and it splits the difference between where my wife and I work.

Thank you for your time,

-CarmelRenter

[SD Realtor]

Sunstream yeah?

The three you identified are currently active. I believe attached homes like this will depreciate in CV and possibly pretty nicely if you can wait.

3670 (3/3, 1310 sf) closed for 513k back at the end of november. 3746 and 3693 both threw in the towel towards the end of 07 and they are relisted.

SD Realtor

[SD Realtor]

Sunstream yeah?

The three you identified are currently active. I believe attached homes like this will depreciate in CV and possibly pretty nicely if you can wait.

3670 (3/3, 1310 sf) closed for 513k back at the end of november. 3746 and 3693 both threw in the towel towards the end of 07 and they are relisted.

SD Realtor

[SD Realtor]

Sunstream yeah?

The three you identified are currently active. I believe attached homes like this will depreciate in CV and possibly pretty nicely if you can wait.

3670 (3/3, 1310 sf) closed for 513k back at the end of november. 3746 and 3693 both threw in the towel towards the end of 07 and they are relisted.

SD Realtor

[SD Realtor]

Sunstream yeah?

The three you identified are currently active. I believe attached homes like this will depreciate in CV and possibly pretty nicely if you can wait.

3670 (3/3, 1310 sf) closed for 513k back at the end of november. 3746 and 3693 both threw in the towel towards the end of 07 and they are relisted.

SD Realtor

[SD Realtor]

Sunstream yeah?

The three you identified are currently active. I believe attached homes like this will depreciate in CV and possibly pretty nicely if you can wait.

3670 (3/3, 1310 sf) closed for 513k back at the end of november. 3746 and 3693 both threw in the towel towards the end of 07 and they are relisted.

SD Realtor

[Coronita]

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). 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

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). 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

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). 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

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). 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

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). 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Raybyrnes]

Also, check notes on Mold related problems in the Carmel Valley area. Should be in the meeting minutes for the Acssociation. Lot of litigation on that at the moment.

[Raybyrnes]

Also, check notes on Mold related problems in the Carmel Valley area. Should be in the meeting minutes for the Acssociation. Lot of litigation on that at the moment.

[Raybyrnes]

Also, check notes on Mold related problems in the Carmel Valley area. Should be in the meeting minutes for the Acssociation. Lot of litigation on that at the moment.

[Raybyrnes]

Also, check notes on Mold related problems in the Carmel Valley area. Should be in the meeting minutes for the Acssociation. Lot of litigation on that at the moment.

[Author]

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