Need your input on Portico property in Carmel Valley

[venkat]

Hi,

Need any valuable inputs on Portico in Carmel Valley.

Its being priced at 600K. Any thoughts?

Thanx

[SanDiegoDave]

Here is a Portico that was purchased in 2005 for about $800k:
http://www.sdlookup.com/MLS-076046550-13517_Pacific_Highlands_Ranch_San_Diego_CA_92130

Now they’re asking $750. If the “brand new” ones are asking “only” $600k I think they’re still too much (and it’s never 600k – they’ll kill you on so-called “upgrades” like floors and counter tops).

If you don’t mind waiting in a traffic jam every weekday morning & evening to get on/off the 56, then Pacific Highlands Ranch is a good location.

But for that price you can find something elsewhere with better freeway access (although, not in Carmel Valley).

[SanDiegoDave]

Here is a Portico that was purchased in 2005 for about $800k:
http://www.sdlookup.com/MLS-076046550-13517_Pacific_Highlands_Ranch_San_Diego_CA_92130

Now they’re asking $750. If the “brand new” ones are asking “only” $600k I think they’re still too much (and it’s never 600k – they’ll kill you on so-called “upgrades” like floors and counter tops).

If you don’t mind waiting in a traffic jam every weekday morning & evening to get on/off the 56, then Pacific Highlands Ranch is a good location.

But for that price you can find something elsewhere with better freeway access (although, not in Carmel Valley).

[temeculaguy]

No input on the price or location since it is not my neck of the woods but I like the alley style, minimalist association maintained yard. It usually fetches 20% less than taditional SFR in other areas and may have a smaller market segment but I like the design hopefully a design that is here to stay.

Their website says it’s from the high 600’s and they won an architectual award for design in the 750 to 1 mil category in 2005 so 600 is definately in the right direction, but despite what the office staff tells you, that direction will not turn around anytime soon. Most importantly, can you afford it, not qualify for a toxic loan but can you afford at least 20% down and the fixed 30 year payment just in case you need 5-10 years recover if there’s more bottom to be had. If you can, it’s a nice house.

[temeculaguy]

No input on the price or location since it is not my neck of the woods but I like the alley style, minimalist association maintained yard. It usually fetches 20% less than taditional SFR in other areas and may have a smaller market segment but I like the design hopefully a design that is here to stay.

Their website says it’s from the high 600’s and they won an architectual award for design in the 750 to 1 mil category in 2005 so 600 is definately in the right direction, but despite what the office staff tells you, that direction will not turn around anytime soon. Most importantly, can you afford it, not qualify for a toxic loan but can you afford at least 20% down and the fixed 30 year payment just in case you need 5-10 years recover if there’s more bottom to be had. If you can, it’s a nice house.

[venkat]

Just got some details on Portico/Arabella

Portico-upper 600s (Without any upgrades)
Arabella-Mid 700s(With upgrades)

[venkat]

Just got some details on Portico/Arabella

Portico-upper 600s (Without any upgrades)
Arabella-Mid 700s(With upgrades)

[Author]

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