Rivermark, Santa Clara – Short Sales and REOs

vbrasil — Mon, 16 Mar 2009 00:47:32 +0000

It’s no surprise that any newer developments in the Santa Clara County as of the past 5 years are going to experience a high number of Short Sales and REO or Bank Owned properties. Rivermark in Santa Clara is no exception.

Rivermark Townhome Short Sale

Rivermark is a master planned community developed in 2002 by Lennar, Centex and Shea Homes encompassing over a 1500 single family and town home units. Also around the Rivermark development is the Miraval Homes Luxury condo development and Mission Gardens single family homes, townhomes, and condo’s.

Many of these units have resold in the last few years since their initial releases, leaving some home owners at peak prices resulting in short sales and no opportunity to refinance.

Currently in the Santa Clara Rivermark location there are 14 condo short sales and 1 bank owned condo. There are no single family short sales or REOs at the moment.

Miraval Condo

A good portion of these short sales are in the Miraval Condominium Complex. Miraval is a Luxury condo complex providing nicely appointed units with great amenities in the complex. Currently there are 5 short sale units for sale in Miraval. One bedroom units starting at $280K and 2 bedroom units at $400K.

As for the Rivermark development currently there are only townhomes availables. Which says alot about Rivermark and the fact that the single family home values have not been hit too hard. Many times buyers offten ask what is a better investment a townhome or a single family home. As you can see single family homes rarer in Rivermark have held up very well so var with all the market pressures.

For a list of active short sales and bank owned properties in the Santa Clara Rivermark area follow the link below.

Rivermark Short Sale Townhomes

Rivermark Town home, REO, Unbelievable Deal

vbrasil — Mon, 26 Jan 2009 04:27:06 +0000

4534 LAIRD CI, Santa Clara (map)

Type: Townhouse
Status: Active
List Date: 11/25/08
Price: $524,900
Bedrooms: 2
Bathrooms Full: 2
Bathrooms Half: 1
Sq. Ft.: 1437
Lot Size: 2,178.sf
Approx age: 4
MLS#: 80846894

Quite often these days I run into buyers looking for "deals". I always inform them that if its on the MLS (Multiple Listing Service) the chances are that its not a deal. Every so often there is a property that comes on the MLS and you think to yourself, wow thats a deal. It gets multiple offers and sells as high as it would have if it were listed property, negating the whole deal concept.

This Rivermark town home was originally listed two months ago for a reasonable price of $600K. The home has hardwood floors, granite tile counter tops, and some very nice updates. About two weeks ago the listing agent who specializes in selling bank owned properties dropped the price to an unconceivable level of $524K. Why this home hasn’t sold yet truly amazes me. Unfortunately I don’t have any buyers currently looking in Rivermark at that price range or I would certainly suggest this home.

There is one downside to this model it has tandem parking. Other than that the location is desirable, the condition is clean and updated, and the price, well the price is down right cheap. So for all of you home buyers who I have spoke to recently here is your official deal.

Santa Clara Valley REO » reo rivermark

Rivermark, Santa Clara – Short Sales and REOs

Rivermark Town home, REO, Unbelievable Deal