Santa Clara Valley Living » san jose

Lynbrook Home Just Sold – 1015 Avondale Street

vbrasil — Wed, 25 Nov 2009 06:43:56 +0000

1015 Avondale Street, San Jose
Bedrooms: 6
Baths: 4
Sqft: 3,700 Sqft.
Lot: 11,000 Sqft.
Schools: Meyerholz Elementary, Miller Middle, Lynbrook High
Sold for: $1,345,000

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1015 Avondale Street – San Jose – Lynbrook Schools

vbrasil — Sun, 09 Aug 2009 05:34:53 +0000

Spacious home designed for two families in the Lynbrook Area of West San Jose.

1015 Avondale Street

Street: 1015 Avondale Street
City: San Jose
Bedrooms: 7
Bathrooms: 5
Price: $1,500,000
Size: 3,700 Sqft.
Lot: 10,000 Sqft.

Truly a rare property in the Lynbrook area for a large family. This home has been in the family for over 50 years. Generations of the same family have enjoyed this large expansive home with it’s 7 bedrooms and 5 bathrooms.

The home also features 4 living areas and two kitchen areas, one of which is a large gourmet kitchen with beautiful wood cabinetry and granite slab counters. The kitchen features a 5 burner professional gas cooktop, high powered hood vent, large kitchen sink and separate vegetable sink with individual garbage disposals. Take advantage of the designer Sub Zero wine cooler fridge and built-in GE-Monogram Refrigerator.

A entertainer’s dream this large great room looks out to a spacious backyard with elevated flagstone patio, jacuzzi, and all beautifully landscaped. An ideal property for any large family. Top Schools: Meyerholtz Elementary, Miller Middle, & Lynbrook High.

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San Jose REO Home Sold – South 33rd.

vbrasil — Tue, 05 May 2009 04:22:32 +0000

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:

This was quite an interesting home. Much like other homes in the area there have been a number of modifications with out permits. This is very problematic when using an FHA loan for the purchase of the property. In this case the buyer was attempting to use the City of San Jose First Time Home Buyer Program the Welcome Home Program. Unfortunately the Welcome Home Program has tough requirements regarding properties and a number of low priced REO’s may not qualify.

We were fortunate enough to negotiate a low price of $237,000 with 3% back for buyers Non Reoccuring Closing Costs. After we had property inspections and there was about $7,000 of Section one we negotiated another $7,000 off the purchase price. We closed in a month and a half for $230,000.

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San Jose Townhome REO – Great Deal

vbrasil — Mon, 20 Apr 2009 00:57:20 +0000

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.

Property Summary Report

1420 ALEGRIA LP



MLS Num: 80918190 Status: Active Bedrooms: 3 Bathrooms: 3 Square Feet: 1811 Lot Size: 0.030acres List Date: 4/13/2009 Org. List Price: $394,900 List Price: $394,900 Year Built: 2002

Public Remarks
Beautiful 3 story condo with central A/C and heat. On the ground floor it has indoor laundry, one BD and BA, and access to the garage. Upstairs has the kitchen with granite counters, tile floors, 1 BD and BA, and a balcony. The top floor has the master bedroom with walk-in-closet, and dual sink vanity in the bathroom.

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Lending World Is Beautiful – Loans & Mortgages

vbrasil — Tue, 13 Jan 2009 00:15:44 +0000

Speaking to my colleagues here at the office, the loan guys as I refer to them, trying to get a grip on how easy it is to get a loan here in the Valley. For those of us who are looking at conforming loan amounts below $417K you can expect to get a rate of 4.75% for a 30 year fixed, that’s amazing. For those who think buying is tough right now they really need to look at this. You could get in for as little as 3.5% down, you’ll pay PMI but it may be worth it to take advantage of today’s prices. Minimun FICO is around mid 600′s for FHA guidelines, everyone else is expecting 720 FICO.

For those of you who need a higher loan amount the next level is up to $625K, that will get you a single family home or a nice town home in areas like Santa Clara and Campbell, or even Cupertino and Sunnyvale, yes I said it, Cupertino, Sunnyvale, townhomes of course. Pricing changes 5.25% for a 30 year fixed, still not bad, same FICO guidelines as above. Down payment here is a minimum 10%, still PMI.

Jumbos, anything over $625K is now considered a Jumbo loan and the pricing changes. No FHA underwriting here. Not as many players in this space, however there are buyers out there for larger homes or homes in more affluent areas and they are still selling $1 Million and $2 Million dollar homes. The pricing for these loans are at 6.75% with on 1 point for a 30 year fixed. This is the only product where a 5 year adjustable loan is lower than the 30 year fixed option, you could lower the rate to 5.75% no points with a 5 year fixed option. Here you will need 20% down and in some cases with higher loan amounts upto 25% minimums.

Prices are down, money is cheap again… for some folks.Similar Posts:

City Heights: San Jose High-Rise with Out the High-End

vbrasil — Sun, 11 Jan 2009 19:08:12 +0000

: City Heights Downtown San Jose

City Heights

location: Downtown
pricing: $300K and up
bedrooms: 1-2
bathrooms: 1-2

This is hardly new news. San Jose currently four high-rise projects. City Heights is a bit special since it was the first on the scene. I won’t go into which one is the best but they are all quite different and offer certain advantages. City Heights is the more afordable option out of the four. It offers some very nice floor plans and decor. No pool, club house, or conceirge service. Just a small workout room and meeting area with lobby. Its not the ultra high-end, its the building that is offering less for less. With that said, it has some great deals right now if you are looking in the $300K to $400K range, you can find a great pad, with some nice views.

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Stylish Santana Row Loft with Large Patio

vbrasil — Sat, 10 Jan 2009 17:18:21 +0000

I really enjoy working in Santana Row and the architecture is something that I admire both outside on the terraces and in loft units. This particular unit is in the Deforest building which is the only building to have the special backside patio units. This unit features 300 plus square feet of out door space in an urban setting. It almost feels like your on a roof top in the city. The owner has done an exceptional job accenting the decor. He selected the model with the dramatic catwalk and popout which really enlarges the loft bedroom space. He was also prudent to buy an extra dedicated parking spot, which is not typical for all the loft units. Its a great community and location as many in the South Bay already know.Similar Posts:

REO – Great Town Home Community in San Jose

vbrasil — Thu, 08 Jan 2009 15:15:27 +0000

REO, Georgetown Place, San Jose Town House	Georgetown Place 128 SUNOL ST Price: $439,900 Area: San Jose Bedrooms: 3 Bathrooms: 3 Sq. Ft.: 1584 Age: 5 MLS#: 80843830
This is a great deal for this town house. Its located in a great community and was developed by Centex. Its located in what I refer to as Midtown, right off The Alameda so its perfect for folks who work downtown and also offers convenient access to highways and walking distance to the train station. This I predict will sell fast.

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