Home › Forums › Closed Forums › Properties or Areas › Question about Martinique Development in CV
- This topic has 10 replies, 4 voices, and was last updated 17 years, 1 month ago by SD Realtor.
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October 18, 2007 at 1:42 PM #10664October 18, 2007 at 1:49 PM #89958NotCrankyParticipant
From WIKI, I know you all already knew….”A pied-a-terre is a residence that will be used temporarily, mostly as a second home. It is common in New York City realty for many building co-ops to prohibit pied-a-terres because they only want buyers who will actually make the building/apartment their permanent place of residence.”
October 18, 2007 at 1:49 PM #89967NotCrankyParticipantFrom WIKI, I know you all already knew….”A pied-a-terre is a residence that will be used temporarily, mostly as a second home. It is common in New York City realty for many building co-ops to prohibit pied-a-terres because they only want buyers who will actually make the building/apartment their permanent place of residence.”
October 18, 2007 at 2:06 PM #89960patientlywaitingParticipantWhen you visit, why not book a room at L’Auberge while you wait for the trough?
I like the co-op concept in NYC. It’s easier to keep out the riff-raffs.
October 18, 2007 at 2:06 PM #89969patientlywaitingParticipantWhen you visit, why not book a room at L’Auberge while you wait for the trough?
I like the co-op concept in NYC. It’s easier to keep out the riff-raffs.
October 18, 2007 at 4:24 PM #89998NYCLurkerParticipantSorry for being so NY-centric. Now that you mention it, I suppose pied-a-terre carries a highly specific meaning to Manhattanites — “a studio or 1 br owned by out-of-towners so they can occasionally fly in, enjoy the theater/museums/restaurants, sleep on a bed without other peoples’ fluids all over it, and fully enjoy the mortgage interest deduction”. Another way of saying “crash pad that you DONT rent out when you’re not there”.
Anyway — any info on the Martinique complex would be much appreciated.
October 18, 2007 at 4:24 PM #90007NYCLurkerParticipantSorry for being so NY-centric. Now that you mention it, I suppose pied-a-terre carries a highly specific meaning to Manhattanites — “a studio or 1 br owned by out-of-towners so they can occasionally fly in, enjoy the theater/museums/restaurants, sleep on a bed without other peoples’ fluids all over it, and fully enjoy the mortgage interest deduction”. Another way of saying “crash pad that you DONT rent out when you’re not there”.
Anyway — any info on the Martinique complex would be much appreciated.
October 18, 2007 at 4:56 PM #90014NotCrankyParticipantThere are two realtors frequently posting here who are familiar with this area. They posts as sdrealtor and SDR.
October 18, 2007 at 4:56 PM #90023NotCrankyParticipantThere are two realtors frequently posting here who are familiar with this area. They posts as sdrealtor and SDR.
October 18, 2007 at 5:42 PM #90018SD RealtorParticipantNYC I do not have any intimate knowledge of the complex. Like most other attached housing developments in town, this one has seen some depreciation. I assume you are looking at the 950 sf units. Someone actually bought one of these units for 440k back in 2005. I see 3 other sales of these units at 415k, 415k and 416k respectively 2004, 2006 and 2005… Then in July I see a sale at 368k…Right now nothing is pending (in escrow) and there are 3 units for sale in price ranges in the upper 300’s…
I am sorry I do not have insights into the complex. I would expect continued depreciation commensurate with the area and that type of housing. Carmel Valley in general has lots of attached homes to choose from and it will continue to be that way.
SD Realtor
October 18, 2007 at 5:42 PM #90027SD RealtorParticipantNYC I do not have any intimate knowledge of the complex. Like most other attached housing developments in town, this one has seen some depreciation. I assume you are looking at the 950 sf units. Someone actually bought one of these units for 440k back in 2005. I see 3 other sales of these units at 415k, 415k and 416k respectively 2004, 2006 and 2005… Then in July I see a sale at 368k…Right now nothing is pending (in escrow) and there are 3 units for sale in price ranges in the upper 300’s…
I am sorry I do not have insights into the complex. I would expect continued depreciation commensurate with the area and that type of housing. Carmel Valley in general has lots of attached homes to choose from and it will continue to be that way.
SD Realtor
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