I'd like to add that when you are considering buying knock on a few neighbors doors. On either side, across the street and behind the home. They will give you information that may not show up on websites.
Have an amazing day!... more
I've represented both buyers and sellers in the Brickyard complex. While it is located south of 280 in a transitional neighborhood, the complex itself is quiet and clean, particularly those that don't face 3rd street. Most of the units are in great condition with lots of young families and professionals who like the proximity to downtown San Jose without the high prices. The commute is decent, since you're close enough to the major tech firms without being so far south as to be slammed in rush hour traffic on the 101 with the rest of the Evergreen residents.
Pricing is definitely very attractive. Move-in ready 1-bedroom units can be picked up for about $160K-$170K. A bit more distressed units that needs some work can be had for about $140K-150K. I help my buyers arrange for minor renovations so that price discount is worth the effort. Including the HOA, the monthly payment is about $1100 with a 20% downpayment, much less than rent. Many of the units offer very a generous storage unit (10' x 3') right at the front of the living space. Two bedroom units are ideal for young families and run in the low $200K's, down from nearly $500K at the peak.
Right now, there is a pending HOA litigation case going on. The HOA has budgeted for it and already adjusted the monthly dues accordingly. Conventional financing is available on certain units and alternative financing can be arranged for others. For those looking to stay for 3-5 years, the litigation issues and overhang of distressed properties should be cleared and prices should appreciate significantly from there.... more
Unfortunately, that listing is pending - non show. However, I live near Naglee Park and know it well. Please call me to preview upcoming listings. I would be happy to assist you. (408)410-7816
Regards, Roxanne... more
As a realtor and vintage home owner as well and a Naglee Park resident for 10 years, I can say it is the best place I have ever lived! If you like authentic homes and authentic people and an authentic sense of communitythis is the place!! Having moved from Saratoga and Los Gatos where my children were raised I had some apprehension as it certainly is more urban.
I cant find a place in California including Beverly Hills where each home is perfect, we all know it is not a perfect world. I have not had an issue with any type of vandalism or theft that is a BIG statement for the world we live in.
We walk to the theatre, Original Joes, Gordon Biersch, Camera 1, Pizza My Heart and to the great Farmers Markets at both San Pedro Square and Japan Town. There is a real sense of pride in renovating a home built at the turn of the century and Naglee Park is full of these treasured gems and being part of a history of the home and the community. I recently sold a home to a Canadian fellow and when I asked him why he wanted to specifically live in Naglee Park he told me it was because of our great Fourth of July Parade which is a slice of pride and a Naglee Park classic community event. It ends in a pot luck picnic in the William Street Park. Most recently a Naglee Park Home Tour was added and each year over 700 tickets are sold to this one day event in April sponsored by the San Jose Woman's Club. Before I forget we Naglee Parker's also sponsor the larges Dog festival in Northern California another great community event. You can come even if you dont have a dog!!! I hope you will take a tour of our neighborhood the hidden gem that no one (even most San Jose residents) be authentic be a Naglee Parker!!... more
I would be interested finding out if the lenders will accept conventional mortgage. Are there any law suits, and what is the owner occupied vs, investor occupied.
As long as there are people there is no such thing as perfect safe neighborhood.... more
The original two-story house on the site was demolished in 1979. Do you remember that house and want to find a photo of it as an example of a house you would like to buy? The Sanborn maps at the California Room of the Martin Luther King Library show the footprint of the original house. Check the City of San Jose building permits online (see link below) for copies of reports related to the demolition. You are likely to find a photo of the house there. If you are unable to view the scanned documents on your browser, you can go to City Hall on Santa Clara Street and use the terminals there. Hope this helps.... more
They are really good. But it soon. prices are going up high.
Easy commute. 2 miles away from San Jose downtown and you can reach around sunnyvale/milpitas/santaclara within 10 min. 101 is nearby for easy commute. Dont delay.... more
As stated there is only 1 property active on Bayshore rd, but there are about 5 properties near there that are active. Bayshore is right next to 101 so I don't know if freeway noise is a bother to you. The price range for the area is between 171k to 436k this is only measured over the last 3 months and includes sold properties. The homes are generally older unless they have been remodeled,and the streets vary some run down others very nice with the older homes and yards well maintained. As the price reflects the demand for the area you can get a good idea of why a home is priced the way it is.
I hope this helps, please feel free to contact me with any questions.
DRE# 01397256... more
I agree with the advice you got from the other two agents. The only thing I will suggest is that when you walk the area make sure you do it during different hours and must definitely on the weekend when everybody is home and has company.... more
There really isnt a set amount you can negotiate. You really need to see what this builder and what other builders have recently sold similar homes for. That way you can guage value. Your best bet is to have a buyer broker looking out for your interest, have them get paid from teh seller that way their services dont cost you anything extra. as well make sure they deal with new construction on a regular basis, it is an are in itself. Good luck Devin... more
I have lived a couple of miles east of these condo's and it's fine, but these condo's are very close to the extremely busy Regional Hospital.
My wife teaches in a school close to this area and we are familliar with the area. In all honesty I have not thought of bringing anyone to look at these condo's. If someone has started their career in nursing or as a doctor, I would say live close to your work if want to.
I would suggest to you the Terrace Hills complex at the corner of Marten Ave and Mt. Pleasant Road. There are several homes now available under $400k. This complex has a couple of swimming pools and tennis courts and it's in a gated community.
If you need assistance, I would be glad to listen to what you need.
Best of Luck on your search!
Charles Coachman... more
If you want to get a feel for KB as well as the area and the quality, visit and talk with home owners at Midtown Plaza at Auzerais and Race/Meridian/Saddle Rack. Midtown has some of the same exact floor plans as Monte Vista. Talk with the neighbors about their experience with repairs, home owners association (Helsing Group), and noise. This complex is 4 years old and should a good indicator of how Monte Vista wil be managed.
That specific area is in a transition phase for the better. It is true that it is near the train and planes but for some that is convenient.
Don't buy in downtown San Jose. Your competition for the sale of this home in four years will be the thousands of condos that are currently being built. As far as the downtown development, I worked at San Jose State for several years in the late 1980's and looked at buying in downtown because the downtown was going to be a destination place. That was 20 years ago and downtown san jose still isn't a destination place. I would look to other areas that have the lifestyle that you want (campbell, west san jose, mountain view etc.)... more
According to the expert whose column I linked below, they can. ( It was in their nasty little counter offer that they call an addendum )
The article linked below tells you a little about the patience and risk tolerance required from a buyer in a short sale situation. My opinion of short sales for buyers? High Risk, Low Reward.
To sum up the article. 1. Buyer waits a long time for the bank to anything. 2. Buyer has to sign banks counteroffer that is full of anti-consumer clauses. 3. Buyer has to pay nearly full market value. (discount, if any is much tinier than you think it will be) 4. Bank can cancel the sale at any time up until close of escrow, with no consequence to the bank and no compensation to the buyer
In my not so humble opinion ( imnsho,) ) The reasons why the failure is above 80% are:
1. Many sellers don't qualify, they think that being upside down and hating it is enough.
You must also be undergoing hardship not of your own making. such as illness, unemployment or natural disaster. Stovall gives a few other reasons.
2. Prospective buyers think that these are bargains, so very few buyers offer close to full market value. The banks will not approve sales at huge discounts, tiny discounts: yes.
3. The wait, 4. the paperwork, the wait 5. the anti-buyer addenda, the long wait 6. the uncertainty of the sale, still waiting 7. the perception, if not a reality, of bad faith dealing by the bank loss mitigation managers.
.I linked below to an article in Broker Agent News by Steve Stovall. He gives a pretty good description of the short sale process, seller, property, paperwork, and buyer requirements... more
I would agree to get some price by contractors but be sure they are licensed and insured. This will cut down on unqualified. I would also ask for recent references. The final thing I would do is check with your town to determine if you need a permit.
You may want to get a few esimates to be sure you are not being gouged.
All of these things may save you a great deal of time, money and frustration.
I have to agree with Michael, staying away from the litigation is probably your best bet. Many times the litigation is not anything serious, other times it is serious and can drag on for years, thus carrying the stigma when you go to sell. Beware of people telling you to get into the litigation because you may get the reward of any settlement that comes, it may not be worth it in the long run.
Century 21 Infinity