Property Description
Contact Agent
Agent Name
Agent Phone
Agent Email
CA DRE #02178359
Property Details
Property Type
Property Type
Bedrooms
Bedrooms
Bathrooms
Bathrooms
Size
Square Footage
Floors
Number of Storeys
Year Built
Year Built
Property Location
Full Address
PROPERTY DETAILS
Property Type
Condominium
Bedrooms
3
Bathrooms
3
Size
1,310
Floors
2
Year Built
1988
List Price
$1,075,000
Close Price
$1,075,000
Price per Sq. Ft.
$820.61
List Date
04/07/22
Close Date
05/17/22
DOM
20
CONTACT US
INSIDERS PERSPECTIVE
12537 Caminito Mira Del Mar SOLD for $1,075,000 ($820.61 per square foot) on May 17th, 2022.
The 2 bedroom 3 bathroom unit was listed for $1,075,000 on April 7th, 2022 and then was on the market for 20 days before going into escrow on April 27th, 2022 at list price. The Buyers obtained a loan for $525,000 or 70% of the purchase price allowing the Buyer to stay well within conventional loan down payment limits and avoiding private mortgage insurance (PMI).
The noteworthy facts about this sale was: 1) It went in-out-of escrow two times (pending offer 4/12, re-listed 4/18, pending offer 4/21, re-listed 4/23), before finally being sold. 2) The property floor plan (Model C: Sunrise Floor Plan) was originally a 3 bed 3 bath, 1,299 SQFT unit, but was was modified by removing the (downstairs) wall that separates the 3rd bedroom from the living/dining room to create a more open and spacious living room floor plan.
In terms of upgrades, this home had a few enhancements that we most likely done around 2005. These included the following:
Kitchen reskinning: shaker-style 'honey' cabinetry ($10,000-12,000), quartz countertops and backsplash ($2,500-3,500), newer stainless steel appliances ($3,500-3,750). Updated recessed kitchen lighting ($600-750).
Tankless water heater ($1,500-2,000).
Water softener ($1,000-1,500).
Updated fiberglass shower and bathtub.
Updated double panel windows and sliders throughout the unit.
Inside information from the
#1 condo agents in Carmel Valley.
PRO'S
The property is located at the end of an alleyway which offers more privacy than other units.
The floor plan modifications provide a larger open space living/dining room area.
The Murphy bed in the second bedroom could provide a wonderful space-saving solution for the Buyer who wants one room to serve multiple purposes.
Large patio area shaded by tall eucalyptus trees that will enjoy the morning sun.
CON'S
The property’s backyard overlooks Carmel View Rd. and Carmel Grove Rd. - which is the main access point to Carmel Creek Rd. (and the SR-56), and subject to road noise and light polution in the eventings. If you are sensitive to splashes of light, consider the units orientation and second floor exposure.
Outdated popcorn ceilings and carpeting in the bedrooms.
Murphy beds are not really suitable for everyday use, and could be viewed as a negative for some buyers.
BUYERS INSIGHT
This sale represented nothing more than the market (willing and able Buyers) reacting to the supply and demand that was a reality in early 2022. With nothing else available on the market, the Buyers were more than happy to pay the asking price - which is close the average close price for 3 bedroom townhomes and condominiums in the Carmel Valley area ($1,081,757). Sunstream is also one of the more highly sought after communities in Carmel Valley, with fewer units being listed for sale. The property has some desirable’s features and upgrades for the “right” buyer, but some of these things can also be seen as negatives. Important your real estate agents spends the time to thoroughly understand your critical wants and needs (and everything in between).
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
12537 Caminito Mira Del Mar, San Diego, CA 92130, USA
WHY CHOOSE US?
Your real estate agent should be more than someone who facilitate the transaction. They should be someone who can not only guide you through the process, but also provides knowledge, insight, and counsel along the way. When it comes to investing in and managing one of your most valuable assets, leave nothing to chance (or inexperience).
We specialize in townhomes and condominiums
in North San Diego County.
If you have any questions (no matter how big or small), please contact us to schedule a no obligation appointment or get a personalized tour of the Carmel Valley area.