- 15070 MONTEBELLO RD – Listed by Jonathan Bunce, Broker
This is a wonderful opportunity to own a luxury home in Cupertino at distressed property prices
Another opportunity and I’m sure there will be more but you have to jump on this as I am sure many buyers will. This particular unit is the standard 1 bedroom plus den floor plan and does not feature a catwalk. The unit although not facing Santana Row still features some nice views of the east hills. Santana Row still commands good rents and there is plenty of demand.
If you are interested you need to act fast, this property will likely be sold within a week.
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333 Santana Row #310
Condominium
Status: Active
MLS#: 80957799
List Date: 12/21/09
Price: $421,950
Original List Price: $435,000
Location: 333 SANTANA RW #310
City: San Jose, CA 95128
Bedrooms: 1
Bathrooms Full: 1
Bathrooms Half: 1
Approx. Sq. Ft.: 1099
Approx. Lot Size: 435.sf
Approx age: 8
With the rental market still strong and Santana Row still the hottest place around this is sure to be a good investment. Recently a 65,000 sqft. office structure has just been completed and ready for occupancy. Once leased, expect business in Santana Row to increase and perhaps demand for the units there will increase as well. If you can get this unit at this price it is a bargain.
Tags: santana row bank owned
4464 HEADEN WAY, SANTA CLARA – RIVERMARK
Bank Owned Rivermark Townhome
Type: Townhouse
Status: Active
List Date: 11/03/09
Price: $633,900
Last Modification Date: 11/03/09
Location: 4464 HEADEN WY, Santa Clara, CA 95054 (map)
Bedrooms: 3
Bathrooms: 2.5
Approx. Sq. Ft.: 1716
Approx. Lot Size: 1,306.sf
Approx age: 6
MLS#: 80952017
This is the latest REO or bankowned property for sale in Rivermark, Santa Clara. There are a number of these Park town homes currently in default and will likely end up as more bank owned listings. The difference now is that they are likely to be snatched up by the increased buyer activity that has been mounting in past weeks. I don’t expect this town home to make it a full week on the market with out multiple offers.
For those of you shopping for bank owned homes and expecting deals, understand that Bank Owned or REO properties sell at market prices. That isn’t to say that because of their state or poor showing condition they are likely to sell lower than a conventional sale, I still feel Bank Owned homes and still a good deal. If you have all cash now they are especially good as many lenders are taking lower priced all cash offers over higher financed offers.
Tags: bank owned homes
333 Santana Row #214, Sold for $515K. 1 Bedroom 1.5 Bath loft with catwalk, popout, large back patio, and 2 parking spots, great deal.
This short sale transaction just closed last week. For those of you who who are considering buying a short sale understand that the most important figures in the transaction are the negotiators, the listing agent, and the buyers agent, and the most important quality they must all poses is diligence.
Short sales are all about paperwork whether the paper work is the short sale package, lender addenda they need to be completed correctly or to the negotiators satisfaction and they need to be submitted in a timely fashion. Its my contention that a short sale can close quickly in 6 weeks, as long as the agents and negotiator are diligently meeting the negotiators request and submitting the paperwork in a timely fashion.
This particular short sale had two loans which made the agent’s diligence even more important and crucial. You have to satisfy the paperwork for two loans, but the complex issue is that the 2nd loan approval cannot be granted until the first is granted. Once the first loan has short sale approval they will offer funds to the second, the agent must find out from the 2nd loan what amount they will request in order to release their lien, and do that before the 1st loan approval expires.
With all the confusion and uncertainty its incredible that these transactions even close, but they do and its my impression that they are not that bad, and do close. The only frustration I feel is the uncertainty and the possibility of being thrown out of contract by a higher offer from another buyer. This can easily happen, be sure to read your addenda and understand the nature of your contract.
In the end because of the buyer’s patience, she got a great deal on this loft. It was really a great property, and I really enjoyed the feeling of being in this property.
Tags: Santa Clara county Short Sales, santana row short sale, Short Sales
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Single Family Res Type: Detached Single Family Status: Active List Date: 05/17/09 Price: $474,500 Last Modification Date: 05/18/09 Location: 2038 SAN RAFAEL CT, Santa Clara, CA 95051 (map) Area: 008 – Santa Clara Bedrooms: 3 Bathrooms Full: 2 Bathrooms Half: 1 Approx. Sq. Ft.: 1534 Approx. Lot Size: 5,795.sf Approx age: 51 MLS#: 80924264 Old MLS# (6 digit): 80924264 |
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This bank owned home is a great buy in Santa Clara. Its the popular 3 bedroom 2.5 bath Windsor floor plan in Darvon Park. The home is in move in condition. The kitchen was remodeled some years back, both bath rooms are very client and have new vanities with granite countertops. The back yard is very good sized, the home has expansion options which leave plenty of space in the back yard.
Downsides are that there has been some settling which is typical for these older homes, but this one has a bit more than typical. The roof needs replacement, the windows are old, and the back yard and front yard need some attention. Overall for a price of $475K, this is a good Santa Clara home at a very good price.
Tags: Add new tag, bank owned homes
| 154 S 33RD ST., SAN JOSE | ||
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| Status: Sold ML Number: 80903799 Parcel Number: 481-16-013 ZIP: 95116 Area: 4 Alum Rock City: San Jose City Limits: False County: SANTA CLARA COUNTY Thomas Br Map: pg. 834 (F4) Cross Street: E San Fernando Unincorporated: False Beds: 2 Baths: 2 Stories: 1 |
Class: Single Family Residential Type: Detached Single Family List Price: $237,900 Original Price: $244,900 List Date: 1/23/2009 DOM: 53 CDOM: 53 Lot Size (Acres): 0.123 Lot Size: 5360.00 SF SqFt (source): 924 (Assessor) Age: 84 Year Built: 1925 Zoning: R18 School District: San Jose Unified |
Remark:
Santana Row Loft for Sale. This is a unique loft in the trendy Santana for Deforest building. Only a dozen of these units exist with the large patios off the back. This particular unit features two parking spaces and a large patio.
Tags: santana row short sale
Good Deal on Short Sales in San Jose
Recipe for a good deal:
Find a development that was completed 4 or 5 years ago. A majority of the properties in the development will be underwater, where values are below mortgages. You can expect that there will be defaults in some cases these complexes have higher rates of default than other complexes. This will cause the supply of listings or distressed properties to be higher and bring down prices futher.
One example of this is the Encanto development in San Jose, near the University of Santa Clara. Currently there are a number of properties available. Some of the properties are still owned by the developer and are close outs. Others like the 4 listed below are distrissed sales, and judging from the number of defaults in the complex there will likely be more coming on the market.
Status: Active
City: San Jose
County: SANTA CLARA COUNTY
Zip: 95126
Bathrooms: 2.5
Square Feet: 1246
Lot Size: 0.040 acres
Year Built: 2006
Org. List Price: $595,000
List Price: $550,000
Sold Date: –
Sold Price: –
Reduced from $595K. Now a short sale so will need lender’s approval. Close to HP Pavillion, Valley Fair Mall, Santana Row, San Jose Airport, Caltrain, freeways, and WALKING DISTANCE TO Santa Clara University. ? 1,246 SF SFR ? 3 BR/ 2.5 BA? Cathedral ceiling in living room. Attached 2 car garage? Encanto Tract built by Robson Homes, completed in 2007. Community Pool & Clubhouse for entertaining.
Status: Active
City: San Jose
County: SANTA CLARA COUNTY
Zip: 95126
Bathrooms: 3
Square Feet: 1475
Lot Size: 0.044 acres
Year Built: 2005
Org. List Price: $585,000
List Price: $585,000
Sold Date: –
Sold Price: –
Amazing home available now! Spacious corner single family home at Encante. Desirable neighborhood near Santa Clara University with Low HOA dues and spacious 3 bedrooms, 3 baths and 2 car garage. Spanish style and open spacious floorplan. LOCATION! Don’t miss out!Shows like a model!
Status: Active
City: San Jose
County: SANTA CLARA COUNTY
Zip: 95126
Bathrooms: 2.5
Square Feet: 1977
Lot Size: 0.051 acres
Year Built: 2006
Org. List Price: $725,000
List Price: $654,312
Sold Date: –
Sold Price: –
This beautiful 3 Bedroom, 2.5 Bathroom home is located near Santa Clara University. With close to 2000 sq. ft. of living space and 2 one car garages you will not want to miss this rare opportunity.
Status: Active
City: San Jose
County: SANTA CLARA COUNTY
Zip: 95126
Bathrooms: 2.5
Square Feet: 1371
Lot Size: 0.050 acres
Year Built: 2008
Org. List Price: $688,000
List Price: $688,000
Sold Date: –
Sold Price: –
Almost new corner lot bungalow w/resort-like clubhouse & pool, within walking distance to SC Univ.Door opens into living,dining&kitchen, beaming with natural sunlight&refreshing view of orange trees.Unload groceries easily from 2-car garage.Private backyard, right off living room makes outdoor entertaining a breeze.3 BR together upstairs with walk-in closet & 2 separate vanity basins in master BR