Carmel Valley Auction

[jpinpb]

I used to live in CV about 7 years ago. I’m not so impressed w/The Heights. Just glorified apartments. When they were first selling, I thought the price of $550k upwards were ridiculous. Not a surprise that there is now an auction. More surprising that they’re only auctioning 32.
Some thought the auction of La Boheme was a sales gimmick. REDC has the 5% fee, close to the 6% realtor commission

[Coronita]

I'll repeat this too here. There is a minimum reserve bid on each unit. if the final sale price is below the minimum reserve bid,  the  seller reserves the right to cancel the transaction. So  while the $199k  might be the start bid price, it's most likely not the reserve price.  (If you're not familiar with this,  go  bid on something on ebay with a  reserve price).

 

One thing to keep in mind about the Heights, if you're not familiar with this complex.

1)This is a tri-level development, with the second floor being "ground". Stairs to third and first floors.

2) This complex is not disability friendly if you're on the top or bottom floors, as there are no elevators and staircases are sort of narrow and open.

3) There is a mixture of garage parking and covered parking. You might not  be assigned the garage that is right below you.

4) HOA fees: it is extremely possible that the HOA is underfunded.

5) People with kids: I believe the elementary school is Carmel Creek Elementary, which if you care btw, belongs to the Solana Beach School District, not Carmel Valley. Shouldn't make a difference though. Also, you will have access to Carmel Valley Middle School, which is within walking distance. 

it's a pretty nice complex imho, but there are some obvious limitations too. 

 

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

—– Sour grapes for everyone!

[Coronita]

I'll repeat this too here. There is a minimum reserve bid on each unit. if the final sale price is below the minimum reserve bid,  the  seller reserves the right to cancel the transaction. So  while the $199k  might be the start bid price, it's most likely not the reserve price.  (If you're not familiar with this,  go  bid on something on ebay with a  reserve price).

 

One thing to keep in mind about the Heights, if you're not familiar with this complex.

1)This is a tri-level development, with the second floor being "ground". Stairs to third and first floors.

2) This complex is not disability friendly if you're on the top or bottom floors, as there are no elevators and staircases are sort of narrow and open.

3) There is a mixture of garage parking and covered parking. You might not  be assigned the garage that is right below you.

4) HOA fees: it is extremely possible that the HOA is underfunded.

5) People with kids: I believe the elementary school is Carmel Creek Elementary, which if you care btw, belongs to the Solana Beach School District, not Carmel Valley. Shouldn't make a difference though. Also, you will have access to Carmel Valley Middle School, which is within walking distance. 

it's a pretty nice complex imho, but there are some obvious limitations too. 

 

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

—– Sour grapes for everyone!

[Coronita]

I'll repeat this too here. There is a minimum reserve bid on each unit. if the final sale price is below the minimum reserve bid,  the  seller reserves the right to cancel the transaction. So  while the $199k  might be the start bid price, it's most likely not the reserve price.  (If you're not familiar with this,  go  bid on something on ebay with a  reserve price).

 

One thing to keep in mind about the Heights, if you're not familiar with this complex.

1)This is a tri-level development, with the second floor being "ground". Stairs to third and first floors.

2) This complex is not disability friendly if you're on the top or bottom floors, as there are no elevators and staircases are sort of narrow and open.

3) There is a mixture of garage parking and covered parking. You might not  be assigned the garage that is right below you.

4) HOA fees: it is extremely possible that the HOA is underfunded.

5) People with kids: I believe the elementary school is Carmel Creek Elementary, which if you care btw, belongs to the Solana Beach School District, not Carmel Valley. Shouldn't make a difference though. Also, you will have access to Carmel Valley Middle School, which is within walking distance. 

it's a pretty nice complex imho, but there are some obvious limitations too. 

 

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

—– Sour grapes for everyone!

[Coronita]

I'll repeat this too here. There is a minimum reserve bid on each unit. if the final sale price is below the minimum reserve bid,  the  seller reserves the right to cancel the transaction. So  while the $199k  might be the start bid price, it's most likely not the reserve price.  (If you're not familiar with this,  go  bid on something on ebay with a  reserve price).

 

One thing to keep in mind about the Heights, if you're not familiar with this complex.

1)This is a tri-level development, with the second floor being "ground". Stairs to third and first floors.

2) This complex is not disability friendly if you're on the top or bottom floors, as there are no elevators and staircases are sort of narrow and open.

3) There is a mixture of garage parking and covered parking. You might not  be assigned the garage that is right below you.

4) HOA fees: it is extremely possible that the HOA is underfunded.

5) People with kids: I believe the elementary school is Carmel Creek Elementary, which if you care btw, belongs to the Solana Beach School District, not Carmel Valley. Shouldn't make a difference though. Also, you will have access to Carmel Valley Middle School, which is within walking distance. 

it's a pretty nice complex imho, but there are some obvious limitations too. 

 

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

—– Sour grapes for everyone!

[Coronita]

I'll repeat this too here. There is a minimum reserve bid on each unit. if the final sale price is below the minimum reserve bid,  the  seller reserves the right to cancel the transaction. So  while the $199k  might be the start bid price, it's most likely not the reserve price.  (If you're not familiar with this,  go  bid on something on ebay with a  reserve price).

 

One thing to keep in mind about the Heights, if you're not familiar with this complex.

1)This is a tri-level development, with the second floor being "ground". Stairs to third and first floors.

2) This complex is not disability friendly if you're on the top or bottom floors, as there are no elevators and staircases are sort of narrow and open.

3) There is a mixture of garage parking and covered parking. You might not  be assigned the garage that is right below you.

4) HOA fees: it is extremely possible that the HOA is underfunded.

5) People with kids: I believe the elementary school is Carmel Creek Elementary, which if you care btw, belongs to the Solana Beach School District, not Carmel Valley. Shouldn't make a difference though. Also, you will have access to Carmel Valley Middle School, which is within walking distance. 

it's a pretty nice complex imho, but there are some obvious limitations too. 

 

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

—– Sour grapes for everyone!

[jpinpb]

Thank you for mentioning the reserve bid. I was not thinking that any of the units would sell for $199k. That would actually be a real good price if they sold for that. But I imagine that they will probably sell for $350 to 400k. Still steep, but still considerably lower than the 550k upwards that they originally wanted. If their reserve bid is higher than 400k then they can keep them.

I’ve seen the places when they were first for sale. I personally wouldn’t pay more than 300-350k for glorified apartments. But it is in CV. I haven’t researched the area in a while. Prices have gone up considerably since I left 7 years ago and the area has changed so much since the 56 got completed. Not the same place. I lived there from 91 to end of 2000. Was a great community. Now, I think way overpriced, as most places.

[jpinpb]

Thank you for mentioning the reserve bid. I was not thinking that any of the units would sell for $199k. That would actually be a real good price if they sold for that. But I imagine that they will probably sell for $350 to 400k. Still steep, but still considerably lower than the 550k upwards that they originally wanted. If their reserve bid is higher than 400k then they can keep them.

I’ve seen the places when they were first for sale. I personally wouldn’t pay more than 300-350k for glorified apartments. But it is in CV. I haven’t researched the area in a while. Prices have gone up considerably since I left 7 years ago and the area has changed so much since the 56 got completed. Not the same place. I lived there from 91 to end of 2000. Was a great community. Now, I think way overpriced, as most places.

[jpinpb]

Thank you for mentioning the reserve bid. I was not thinking that any of the units would sell for $199k. That would actually be a real good price if they sold for that. But I imagine that they will probably sell for $350 to 400k. Still steep, but still considerably lower than the 550k upwards that they originally wanted. If their reserve bid is higher than 400k then they can keep them.

I’ve seen the places when they were first for sale. I personally wouldn’t pay more than 300-350k for glorified apartments. But it is in CV. I haven’t researched the area in a while. Prices have gone up considerably since I left 7 years ago and the area has changed so much since the 56 got completed. Not the same place. I lived there from 91 to end of 2000. Was a great community. Now, I think way overpriced, as most places.

[jpinpb]

Thank you for mentioning the reserve bid. I was not thinking that any of the units would sell for $199k. That would actually be a real good price if they sold for that. But I imagine that they will probably sell for $350 to 400k. Still steep, but still considerably lower than the 550k upwards that they originally wanted. If their reserve bid is higher than 400k then they can keep them.

I’ve seen the places when they were first for sale. I personally wouldn’t pay more than 300-350k for glorified apartments. But it is in CV. I haven’t researched the area in a while. Prices have gone up considerably since I left 7 years ago and the area has changed so much since the 56 got completed. Not the same place. I lived there from 91 to end of 2000. Was a great community. Now, I think way overpriced, as most places.

[jpinpb]

Thank you for mentioning the reserve bid. I was not thinking that any of the units would sell for $199k. That would actually be a real good price if they sold for that. But I imagine that they will probably sell for $350 to 400k. Still steep, but still considerably lower than the 550k upwards that they originally wanted. If their reserve bid is higher than 400k then they can keep them.

I’ve seen the places when they were first for sale. I personally wouldn’t pay more than 300-350k for glorified apartments. But it is in CV. I haven’t researched the area in a while. Prices have gone up considerably since I left 7 years ago and the area has changed so much since the 56 got completed. Not the same place. I lived there from 91 to end of 2000. Was a great community. Now, I think way overpriced, as most places.

[Sandi Egan]

2 small corrections: the ground floor is the first floor. Normal, 3 story buildings. Some first floors partly consist of garages.
Elementary school is Carmel Del Mar (Del Mar School District).

I agree with the rest of your post .

[Sandi Egan]

2 small corrections: the ground floor is the first floor. Normal, 3 story buildings. Some first floors partly consist of garages.
Elementary school is Carmel Del Mar (Del Mar School District).

I agree with the rest of your post .

[Sandi Egan]

2 small corrections: the ground floor is the first floor. Normal, 3 story buildings. Some first floors partly consist of garages.
Elementary school is Carmel Del Mar (Del Mar School District).

I agree with the rest of your post .

[Sandi Egan]

2 small corrections: the ground floor is the first floor. Normal, 3 story buildings. Some first floors partly consist of garages.
Elementary school is Carmel Del Mar (Del Mar School District).

I agree with the rest of your post .

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