That crack some folks In Carmel Valley are smoking must be really good…

[forsale_2007]

ok.. I’ll start picking on where I live.

I saw this Airoso Unit…
3010 LAPORTA POINT
3Bedroom/2.5 Bath/1563 sqft
640,000-667,000

http://sandiego.houserebate.com/search/homeview.asp?id=1627831&p3=-1&ix=73

..and…

$226/month hoa
and
$736 Mello-Roos

Is he/she nuts?

Looks likes this must have been an “investment” property. No homeowners exemption credit. This person must be on crack if he/she can think that any buyer would be interested in this at this price.

[forsale_2007]

Ouch…

http://sandiego.houserebate.com/search/homeview.asp?id=1630935&p3=-1&ix=59

At peak, these units sold at $620k-$640k…

I wonder what this buyers entry point was…

The original asking price 749k was even more absurd than the airoso unit above.

Note: it says short sale. I wonder if it is.

[Cow_tipping]

I’ll rent it for $1500. Yea … I am generous that way. $1 per sqft.
Cool.
Cow_tipping.

[mixxalot]

UTC sellers smoking major crack as well.

I like Carmel Valley and Del Mar far better than UTC or Mission Valley and condos are high there as well.

[unbiasedobserver]

He paid $630K, so he’s entitled to break even, isn’t he? Only problem is the last identical unit sold for $520K (OOPS)

[barnaby33]

Identicle, surely you jest. The previous sale didn’t have nearly as much granite/travertine/hardwood/etc as this one does! These units are all unique and special in their own cookie cutter ways.

Josh

[forsale_2007]

$100k difference for granite travertine/hardwood though? Come on. a five digit difference maybe. But, $100k difference?

We use to own a townhome in CV, I’ve been monitoring comps. An upgrade and/or a +- 25sqft difference would at most fetch a $50k difference.

The airoso unit is by far no comparison to the other unit listed in here off of el camino offered at $575. The latter one is in a prime location, next to a community center, shopping mall in old carmel valley. Plus access walking distance to torrey pines middle school, an elementary school that belongs to solana beach (weird), and a public library.

Airoso is off of 56. Granted it’s newer, but not nearly as much in terms of surrounding neighborhood. Also, I believe the school system access is poway, not CV. Not saying there’s anything wrong with Poway Unified. Excellent school system too. But people usually pay premium for the CV district.

It makes no sense that this Airoso unit is selling above the latter unit off of el camino.

[fsbo]

there is a new San Dieguito high school built just next to the airoso. however the community is not a really carmel vally, it’s pacific highlands ranch.
http://www.sandiego.gov/planning/community/profiles/maps/mappachigh.jpg
As a developing community, it can’t beat the prime CV anyway.

[CardiffBaseball]

If I am not mistaken the new Carmel Valley HS being built is not the primary HS for that area, it would be Torrey Pines. In Encinitas (same school district), the primary HS is La Costa Canyon. However there is a lottery for students who want to attend smaller but closer (for me) San Dieguito Academy. I believe that this school (Canyon Crest) is similar, perhaps specializing in sciences.

[tech_junkie]

It doesn’t matter how nice this school is. The airoso unit is overpriced by about $60-70k even by current market conditions.
I would be surprised if this unit is sold eventually in the low $500k.

The Crest at Del Mar unit is a great community. But it’s too inflated, epsecially with all the new apartment converts (Heights, Carmel Pointe), and opening of things like Pell Place (what a rip off)….. I wouldn’t be surprised to the Crest at Del Mar unit go for about $540k, lower if the location borders El Camino Real.

[mixxalot]

Why are places like Del Mar and Encinitas so expensive?

Traffic sucks and you still have to drive to the ocean and beach. It is in the middle of nowhere. Yes fairly close to tech center in Sorrento Valley but thats really about it. Can never understand why north coastal properties are 500x overpriced. Makes zero sense.

Think about it

1. most people unless you are filthy rich work indoors 8-12 hours a day
2. you sleep 8
3. might see beach 1x a week.

Personally I prefer Ocean Beach and Point Loma- less crowd and fewer snobs

[CardiffBaseball]

Well for me mixxalot, it was access to superior athletics for the boys. The schools are fine many places, so I figured I’d love in one of the communities where sports are a big thing. Getting to the beach is nothing from my house. 5 minutes tops.

I’m kind of shallow like that… By the way, I work off Genessee and 5, and leave around 7:05 and its 20-25 minutes tops. On the way home it can get to 30-35 and on a rare day 45.

[sdrealtor]

MIxx
You just dont get it. Encinitas, Cardiff, Solana Beach and Del Mar are real places with uniques cultures. they have real communities and even some history. This attracts real people with an entirely different backgrounds, senses of being and attitudes than many places in SD.

You can have souless places like Sorrento Valley, Carmel Valley, 4S Ranch, PQ, Rancho Bernardo, Mira Mesa etc. Those places to me are nothing more than a collection of strip malls surrounded by houses and chain/corporately owned busineses. I mean really, if you live in carmel valley where do you go for lunch, Chili’s TGIFridays, McDonalds. heck they dont even have decent Family owned Mexican restaurants there. All the places on the 15 corridor could exist in just about any part of California as they are. What distinguishes a place like RB/Poway from Temecula outside of a location closer to San Diego.

Sure OB is nice, if you dont have kids and prefer hanging out by the beach surrounded by vagrants. Point Loma is nice too, if you are 70 years old and retired but what do you do with a young family?

Personally, I think the places I mentioned are actually undervalued relative to other places in the country. I could live anywhere in the country and have been to most of it. I have never seen anyplace that suits me and my family better.

[mixxalot]

Torrey Pines Beach is nice

I give you that. Now thing is why would I pay 2-5 million bucks to live in Rancho Santa Fe, Malibu or Encinitas? To me its like throw money away. OK if you are a billionaire or some high power exec than can see spend that amount of cash, but it is only for the super rich to live in these places.

[an]

sdrealtor, I don’t get why you think area like SV, CV, 4S, PQ, RB, MM, etc are souless. They have much more than big food chain if you expand your taste to more than American food. There are many family owned food place. Tell me, where do you go to eat Vietnamese, Chinese, Indian, Korean, Japanese food in Encinitas, Cardiff, Solana Beach, Del Mar? All the best places for those type of food are family owned and are South of the 56. Tell me where you’d go if you want to go to buy fresh veggies and ingredient to cook asian food?

[Author]

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