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 Â 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
3020 MARK AVE., SANTA CLARA |
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| Status: Active ML Number: 80920034 Parcel Number: 220-29-009 ZIP: 95051 Area: 8 Santa Clara City: Santa Clara County: SANTA CLARA COUNTY Barclay Map: pg. 41 (28 ,71) Thomas Br Map: pg. 833 (A3) Cross Street: Calabazas / Warburton Unincorporated: False Beds: 3 Baths: 2 Stories: 1 |
Class: Single Family Residential Type: Detached Single Family List Price: $434,600 Original Price: $434,600 List Date: 4/23/2009 DOM: 2 CDOM: 354 Lot Size (Acres): 0.145 Lot Size: 6325.00 SF SqFt (source): 1170 (Assessor) Age: 52 Year Built: 1957 Zoning: R1 School District: Santa Clara Unified |
REMARKS:
Listed by Realty World.
This townhome is located in the Palomar complex of Midtown/West San Jose. Right off of Stokes and Bascom about a quarter mile from the Pruneyard. These units are about 5 years old, and although they have some floor plan drawbacks this particular unit is a phenominal deal for the price. 1800 sqft. 3 bedrooms 3 baths. If you are looking for a townhome unit to rent out to renters this is a good deal.
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Currently Santa Clara has 194 Notice of Defaults filled on properties. A notice of default gets filed on a property in Santa Clara County when the owner is behind on the mortgage by 2 or 3 months. This is the first stage of the foreclosure process referred to as pre-foreclosure.
Rivermark Townhome Short Sale
In order remove the notice the owner must make the home current and pay back the mortgage owed.
Newer developments have seen a higher rate of defaults due to the recent sales within the last 5 years of these homes. Home owners are unable to refinance their properties since many owe more than the current market values.
In Rivermark alone there are several short sales and 11 homes that have notices of defaults filed and 7 condo’s in the Miraval Complex. Many of these Rivermark home owners have already engaged in trying to sell their home as a short sale. Others may be attempting to renegotiate with their banks to stay in their houses, others perhaps bracing for foreclosure.
When confronted with this reality the homeowner needs to contact their bank and try to work out a resolution. This is where your persistence will pay off. Lenders seldom give any concessions to anyone let alone a debtor, but if you are persistent and can show hardship and willingness and ability to pay you should be able to modify your loan.
The other avenue is to sell your home short. The process is similar. The bank wants to know your financial situation before it can agree to any deficiency sale. Essentially you have to prove you can no longer afford your home or that you are forced to sell due to relocation or some other factor.
Both of these options have become more viable to home owners, so their is no reason why homeowners should be foreclosing these days.
Tags: rivermark short sales, Santa Clara county Short Sales, Short Sales
