Archive for October, 2009

Four Homes for Sale in Santa Clara’s Laurel Park East

Wednesday, October 28th, 2009

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340 Fontana Ave. Laurel Park East Santa Clara

4 bedroom 3 bath 2220 Sqft

Positives: Cupertino Schools, Eisenhower, Hyde and Cupertino High. Home features 4 bedroom, 3 on the top floor and 1 down stairs with a full bath. Well maintained and beautifully appointed home and an aggressive price, that will surely result in multiple offers.

Negatives: The only downside that I could see is perhaps the corner lot location but to some that may be a plus or they may be indiffrent.

353 Lester Ct. Laurel Park East Santa Clara

6 bedroom 2.5 bath 2700 sqft.

Positives: This two level home features 6 bedrooms 2.5 baths and is situated in a nice quiet cul-de-sac location.  The home has one downstairs bedroom and the remaning upstairs.  The home has had some recent updates like new hardwood flooring, paint, granite countertops and some bathroom updates.  Overall condition of the home is good.  Cupertino Schools.

Negatives: The floor plan has always been a suprise to me because most buyers do not need a 6 bedroom home, and with only 2.5 bathrooms this plan was certainly il-advised.  There is no full bathroom downstairs, both full bathrooms are upstairs.

343 Lester Ct. Laurel Park East Santa Cara

3 bedroom 2 bath 1900 sqft.

Positives: This single level home features 3 bedrooms 2 baths and a some very nice refinements such as an extended master bath with walk in closet, updated baths, a formal dining room, and high quality windows. It is situated in a quiet Cul-de-Sac and features a park like back yard. Also featuring Cupertino Schools, this home has a wonderful floor plan with a spacious kitchen opening up to the family room. Cupertino Schools.

Negatives: There are not to many negatives about this home but the lack of an eating space in the kitchen can be one. The guest bedroom sizes could be considered a bit small by some and relative to the other space in the home.

2609 Neves Ct. Laurel Park East Santa Clara

4 bedroom 3 bath 2220 Sqft

Positives: Wonderful 4 bedroom 3 bath floor plan same as 340 Fontana with a downstairs bed and bath.  Updates here were done with high quailty finishes, better than Fontana. 

Negatives: The home is closer to San Tomas experess way so some traffic noise can be heard outside.  Also situated on a corner lot so the back yard is smaller than those homes on non-corner lots.

Santa Clara Rivermark’s Don Callejon School Rezoning

Thursday, October 22nd, 2009

Rivermark Area and Developments

Area in red may be removed from the existing Don Callejon school boundaries

The rezoning of Don Callejon’s elementary school boundaries in the Rivermark Area of Santa Clara has been a hot topic in the last few weeks.  The Santa Clara School District is proposing to remove some of the housing developments and apartment buildings from the existing school’s enrollement boundaries.  Although nothing has been formally declared the overall consensus is that enrollment for residents living in the Citation Home develpments Mission Gardens, Mission Place, Mission Terrace along with the Archstone rental community may be transferred to Kathryn Hughes.

There is still quite a bit of uncertainty regarding the rezoning and nothing has been determined by the  Santa Clara School District.  If you are considering purchasing a home in this area and are concerned about school boundaries be sure to check with the district regarding this situation or view the website http://nocallejonrezoning.org for more specifics.

In terms off the effect on real estate values the rezoning may likely increase original Rivermark values with increases demand and de-value those properties that no longer belong in the Don Callejon enrollment boundaries.

Two Recent Santa Clara Home Sales with FHA Loans

Wednesday, October 14th, 2009

FHA Loans and Selling a Home with FHAFor those who are not aware FHA is a the only really viable loan solution for those who are considering buying a home right now with no more than 3.5% down. This may come as a shock to some, but yes people are still buying homes with very low down payments, and the government is insuring them. Restrictions and guidelines are tough so most realtors prefer not to have to deal with FHA especially on the selling side. They require additional appraisals, the home must be free of termites, all appliances must be working, chimney must be in tact, no roof leaks, over all the home must be in good and livable condition before close. Also the transaction may take a bit longer depending on the lender you use and if they are set up for FHA and have their own underwriters. Also is very difficult to sell a home over appraised value with an FHA loan. FHA has a special addendum that sellers and buyers are required to sign that absolves the buyer from any liability if the home does not appraise for the purchase price.

2070 Columbus Place
2070 Columbus Place – Santa Clara – Darvon Park

Recently I closed two listing transactions with FHA loans. The first was a nice well maintained home in Santa Clara in Darvon Park. The buyers really wanted the home and before we could get a open house done they sent us a good offer and my seller’s accepted it. It was a roller coaster ride from there, with several extensions to the contract, but nonetheless it closed and a very deserving family bought the home.

445 Jefferson Street - Santa Clara - Old Quad
445 Jefferson Street – Santa Clara – Old Quad

The other transaction was an older home in the Old Quad of Santa Clara. It had its fair share of problems but went through the FHA process with an approval. Due to the price of the home being under $400K a majority of the buyers were FHA and the likelihood was that we would have to sell it FHA. One thing about FHA buyers is they will generally pay more than non FHA due to the fact that their supply of homes is more limited than buyers using conventional loans. With that said, be sure to have an accurate assessment of your home’s value because regardless of what the buyers offer, FHA will not lend and will absolve the buyer from any liability if the property does not appraise for the purchase price.

Although some sellers and agents may consider them to be a hassle, but FHA loans do close. Its important to be patient with the process, allow substantial time for contingencies, and set your expectations accurately and it should close.

Santa Clara Sold Homes September 2009

Tuesday, October 13th, 2009

September saw 65 home sell in Santa Clara as the market continued to pick up. October also shows no signs of slowing down either as Santa Clara homes continue to sell quickly. In my last two listings Hillsdale and San Rafael I have had multiple offers, the open houses were crowded, and even listings that were previously quiet are getting more and more traffic. Buyers seem very anxious and persistent to go out and buy a home. Inventory however has creeped its way back up above 90 homes after breifly going down as low as 70 homes.

I expect Santa Clara home inventory to drop as we progress into the holidays but this is an important variable to monitory. To view more Santa Clara stats be sure to sign up for my weekly stat report.

List Price Street Address DOM Sale Price Close Date
1
Price reduced from $374,900 (-$30,000) $344,900
3119 AGATE DR 228 $340,000 9/3/2009
2
$359,950
1194 LEXINGTON ST 39 $380,000 8/31/2009
3
$373,900
2637 ICEFIELD CT 93 $355,000 8/28/2009
4
$379,900
2191 FRANCIS AVE 42 $402,000 9/23/2009
5
Price reduced from $399,900 (-$10,000) $389,900
1333 KIELY BL 79 $375,000 9/4/2009
6
Price reduced from $475,000 (-$76,000) $399,000
2357 VARGAS PL 148 $425,000 9/11/2009
7
$399,000
445 JEFFERSON ST 25 $400,000 9/10/2009
8
Price reduced from $410,000 (-$10,500) $399,500
49 LINDEN DR 74 $380,000 9/1/2009
9
$399,900
2871 MONROE ST 6 $462,000 9/3/2009
10
Price reduced from $559,998 (-$159,999) $399,999
490 MONROE ST 41 $520,000 9/17/2009
11
$399,999
3057 MONROE ST 11 $450,000 9/28/2009
12
$408,375
2292 BENTON ST 34 $460,000 9/22/2009
13
$419,500
2108 HOOVER DR 13 $500,000 9/17/2009
14
Price reduced from $469,900 (-$39,900) $430,000
3173 CABRILLO AVE 306 $460,000 9/17/2009
15
Price reduced from $460,900 (-$22,000) $438,900
1360 VIA DONDERA 66 $405,000 9/11/2009
16
$468,000
2163 AMETHYST DR 11 $493,000 9/18/2009
17
$474,500
2038 SAN RAFAEL CT 94 $470,000 9/18/2009
18
Price increased from $459,000 (+$30,000) $489,000
1876 FILLMORE ST 13 $487,250 9/23/2009
19
$494,505
1854 CATHERINE ST 66 $494,000 9/25/2009
20
$499,000
1183 ALICE DR 15 $485,000 9/3/2009
21
$499,900
2028 LOS PADRES BL 33 $500,000 9/25/2009
22
Price reduced from $566,500 (-$66,600) $499,900
1510 NELSON CT 175 $532,000 9/9/2009
23
Price reduced from $579,950 (-$69,950) $510,000
1784 LOS PADRES BL 21 $510,000 9/18/2009
24
$515,000
2885 STEVENSON ST 9 $640,300 9/17/2009
25
$525,000
1234 FAIRFIELD AVE 40 $518,000 8/29/2009
26
Price reduced from $547,500 (-$22,500) $525,000
2188 SANTA CRUZ AVE 59 $515,000 9/11/2009
27
$532,500
1999 LARSEN PL 23 $520,000 9/29/2009
28
$539,000
2516 ROSE WAY 40 $585,000 9/23/2009
29
$544,500
841 BAIRD AVE 22 $538,500 9/30/2009
30
$549,950
716 KIELY BL 9 $612,000 9/15/2009
31
$555,000
2707 DONOVAN AVE 43 $530,000 8/27/2009
32
Price reduced from $588,000 (-$15,000) $573,000
2051 BOHANNON DR 19 $515,000 9/4/2009
33
$575,000
3429 FOWLER AVE 21 $542,000 9/15/2009
34
$579,950
2381 CORY AVE 65 $545,000 9/2/2009
35
Price reduced from $599,000 (-$19,000) $580,000
2417 HOMEWOOD DR 114 $550,000 9/15/2009
36
$585,000
2720 COLUMBUS PL 5 $605,000 9/10/2009
37
$595,000
3481 SAN MARCOS WAY 51 $595,000 8/31/2009
38
$599,000
346 PINEVIEW DR 9 $599,000 8/21/2009
39
Price reduced from $620,000 (-$21,000) $599,000
3879 DE LA CRUZ BL 314 $620,000 9/18/2009
40
Price increased from $559,900 (+$40,000) $599,900
3495 FOREST AVE 21 $550,000 9/4/2009
41
$599,900
1971 HASTINGS CT 20 $606,000 9/9/2009
42
Price reduced from $629,000 (-$20,000) $609,000
3515 CECIL AVE 82 $609,000 9/1/2009
43
$610,000
947 MADELINE LN 8 $650,000 9/9/2009
44
$618,000
570 PARK CT 8 $630,000 9/1/2009
45
$620,000
2199 KINGSBURY CIR 12 $610,000 9/18/2009
46
Price reduced from $650,000 (-$20,100) $629,900
1091 JEFFERSON ST 43 $615,000 9/9/2009
47
Price reduced from $649,000 (-$10,000) $639,000
2937 FRESNO ST 84 $635,000 7/30/2009
48
$639,900
1995 MURGUIA AVE 14 $600,000 9/21/2009
49
Price reduced from $739,000 (-$99,050) $639,950
4433 LAIRD CIR 188 $639,950 9/9/2009
50
$659,900
3035 DIBBLE CT 17 $605,000 9/17/2009
51
$695,000
283 REDWOOD AVE 9 $738,500 9/4/2009
52
$699,000
833 LIPPERT PL 6 $678,000 9/22/2009
53
$699,000
290 HILLSDALE AVE 1 $731,000 9/4/2009
54
$719,999
2310 GIANERA ST 9 $730,000 9/2/2009
55
Price reduced from $779,000 (-$30,000) $749,000
3869 MELODY LN 80 $726,488 9/15/2009
56
Price reduced from $799,900 (-$49,950) $749,950
2571 DIXON DR 71 $740,000 9/18/2009
57
$769,000
121 BRIAN LN 14 $755,000 9/22/2009
58
Price reduced from $799,000 (-$21,000) $778,000
4337 WATSON CIR 57 $755,000 9/1/2009
59
Price reduced from $839,000 (-$40,000) $799,000
2975 RIDGE CT 55 $787,500 9/25/2009
60
$799,000
196 RODONOVAN DR 37 $801,000 9/11/2009
61
$799,500
1123 LOYOLA DR 15 $770,000 9/9/2009
62
$832,589
469 OAKWOOD DR 16 $760,000 9/11/2009
63
$850,000
3313 GENEVA DR 36 $802,775 9/29/2009
64
$899,000
4214 MARSTON LN 8 $880,000 9/1/2009
65
$1,148,000
301 MADRONE AVE 23 $1,030,000 9/9/2009

Just Listed: 380 Hillsdale Ave., Santa Clara – Westwood Oaks

Friday, October 2nd, 2009

380 Hillsdale Ave - Santa Clara - Westwood Oaks - Cupertino Schools

Immaculate Santa Clara home in Westwood Oaks neighborhood in Santa Clara. This home is updated and well maintained and features refinished hardwood floors, updated bathrooms, new fixtures, and a spacious family room. This home is also situated in the Cupertino School district and features Eisenhower Elementary, Hyde Middle, and Cupertino High.

Street: 380 Hillsdale Avenue
City: Santa Clara
Bedrooms: 3
Bathrooms: 2
Price: $849,000
Size: 1,689 Sqft.
Lot:  6,000 Sqft.
Schools: Cupertino Schools : Eisenhower, Hyde, Cupertino High
Virtual Tour: http://www.380Hillsdale.com
Property Flyer: 380 Hillsdale Ave. Flyer by Vinicius Brasil