PROPERTY DETAILS
Property Type
Condominium
Bedrooms
1
Bathrooms
1
Size
638
Floors
2
Year Built
1990
List Price
$539,000
Close Price
$553,500
Price per Sq. Ft.
$867.55
List Date
08/05/22
Close Date
09/09/22
DOM
5
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INSIDERS PERSPECTIVE
12510 Carmel Creek Rd., Unit 185 SOLD for $553,500 ($867.55 per square foot) on September 9th, 2022.
The 1 bed 1 bath lower level unit was listed for $539,000 on August 5th, 2022 and was on the market for 5 days before going into escrow. This unit closed escrow in 30 days. The unit sold for $14,500 over list price. The Buyer obtained a loan for $498,150 or 90% of the purchase price or loan-to-value exceeding conventional loan down payment limits and most likely requiring private mortgage insurance (PMI).
In terms of upgrades, this home had some great improvement, which include:
Engineered wood flooring throughout the living/dining room and bedroom ($10,000-12,500).
New ceramic tile in the kitchen and bathroom ($1,500-2,500)
New full-size stackable washer and dryer ($1,200-1,800).
Wall mounted air conditioning (A/C) ductless unit in the living room ($3,000-3,500).
Despite this sales transaction taking place well after the end of the Seller’s Market, this particular unit was able to maintain a high price per square foot (PPSF) and was only on the market for 5 days before going into escrow. This is a great example that illustrated Buyers are still out there and willing invest when they see a solid investment.
Also, important to notice the high-quality photographs and staging that was done to showcase the best aspects of this property.
Inside information from the
#1 condo agents in Carmel Valley.
PRO'S
No stairs (ground floor unit).
The unit faces a large open grass area in the heart of the Del Mar Villas community.
Quick and convenient access to multiple parking areas and walkways.
CON'S
None we can see.
BUYERS INSIGHT
This sale defies the downward trending and weakening marketing conditions we have been seeing as the “Sellers Market” ends.
We attribute this to a few factors. First, one bedroom are highly sought after. Less available in one of the most highly desirable areas in San Diego County. In 2022, only 1 out of the 8 units SOLD in Del Mar Villas (13%) was a 1 bedroom unit. 19 out of the 103 units SOLD in Carmel Valley (18%) were 1 bedroom units. Second, the Seller and Real Estate Agent did a great job marketing the property - photography and staging. With 11 quality images it proves the point, less can be more.
Identifying the upgrades, the PRO's and the CON's of each unit and each sale and then knowing these sales comparables intimately is the key for your agent to plead your case to a seller and help you negotiate and then buy at the absolute lowest price point possible, without this in depth homework, you do not have a strategic advantage to negotiate. DO NOT put your trust in anyone other than the most experienced condo buyers agents that you can find. Put your trust in Brant Lee and Chaco Clotfelter the #1 condo agents in Carmel Valley to help you identify opportunities, competitively navigate and then negotiate the offer process and then enjoy a position of control once in escrow.
We encourage you to give us an hour of your time and we will give you a one-hour driving tour of Carmel Valley condo complexes and we guarantee that you'll learn more in an hour with one of us than you will searching for information about Carmel Valley condos on the internet for a month. We strive to provide value and arm those that trust us with the most valuable and compelling insight into each complex to help you find the right fit in a complex and then negotiate on your behalf to help you achieve the best possible outcome in the market.
SELLERS INSIGHT
When looking for the “right” agents to list your home, make sure they have in-depth knowledge and insight of your community, nearby communities, and the surrounding area, including floor plans, community pros and cons, HOA CC&Rs, rules and regulations, state/local laws and other factors that may effect the sale of your property.
Expect more from your real estate agent. DO NOT put your trust in real estate agents that treat you like another transaction. Any licensed real estate agent can run comparative reports, but do they really know your community inside and out?
We specialize in the 32 townhome/condominium communities in Carmel Valley.
Put your trust in Brant Lee and Chaco Clotfelter the #1 townhome/condominium agents in Carmel Valley to help guide you through the selling process. Our experience and in-depth market knowledge can help you competitively price your property, assist with property preparation and presentation, finding buyers, and successfully negotiating and dealing with them. All of this matters as it relates to our goal to get you the highest and best price possible for your home, and earn a client for life.
We encourage you to give us a call to discuss how we can help you sell your home.
PROPERTY LOCATION
12510 Carmel Creek Rd unit 185, San Diego, CA, USA