Hallways are full of tobacco and pot smoke. The smoke will be drifting to your condo. HOA is absolutely insane. You will get fined for everything, even for totally false accusations. You simply don't have any rights in fighting with HOA. Buildings are poorly constructed, you hear every sound of your neighbors. Cannot have washing machine ($500 fine), cannot have pets, must have carper in the bathroom and in the kitchen. HOA make rules on fly. Owners usually do not participate in board meetings or elections, so the board can do anything and they actually do what they want. The friends of the board are exempt from the rules, have dogs, for example. The windows have large gaps, it is often windy inside. They have only electrical heating, so you heating bill in January can go above $200. Families with children are heavily discriminated. No playground. Security does not let children play in the clubhouse. You see the marked price, compared to other places, you see the high turnover. There is always a reason for that.
The values go up and down with the rest of 'em! Shelter Creek is awesome in my opinion! Maybe you should attend one of their homeowner meetings? That might help you learn more about the place, hands on! :-)
I figure if you have people like Greenspan forecasting 10% unemployment then there should be a continued shakedown -- and this would effect a place like Shelter Creek more than other complexes?
Since then, as an agent, I have helped numerous people buy and sell condos there. I haven't heard of anyone having a bad experience yet! It's a large complex, 1200 units so there's always going to be some noise from some neighbor whether its cooking, loud discusions, laughter, music, etc. For the most part though, people respect their neighbors because most everybody wants some peace and quiet!
Congrtulations for looking. I lived in Shelter Creek when i first moved out from the East Coast. I had a wonderful time. I selcected SC over many of the other complexes due to the grounds. You go outside in you think you are in a country club. They continue to maintain them well. A few years ago their association was one of the best funded on the peninsula. Not sure where they stand now. No issues with the complex. The prices are below what your rent paymetns are. Can't be beat for the money.
In addition to the points made by David, there is the issue of owner occupancy. Shelter Creek requires, with few exceptions, that the unit be owner occupied. This means that once a person "outgrows" their place, for whatever reason, they need to sell. There are other complexes, such as Peninsula Place, located close to Shelter Creek, that do not have that requirement and give an owner more flexibility in regards to their unit.
Hope this helps!
Julie Cleland / Realtor (R)
Prudential CA Realty
Over the years there have been assessments to improve the building, but there are no "problems" that I know of.
You will always have a pretty large turnover whether the market is doing well or not because there are so many units there.
Ask yourself this question, what esle can you buy for the same amount of money? Although it get's a bit cold, it's very nice with multiple pools, tennis, and rec room.
If I was buying one, I would prefer to get in buildings 4 and up to stay away from the noise from 280.