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150 SARATOGA Ave #305 Santa Clara, CA 95051

By zhanka   Follow   Sun, 25 Mar 2012, 12:03am   5,469 views   25 comments
In Santa Clara CA 95051   Watch (3)   Share   Quote   Permalink   Like   Dislike  

I haven't visited this unit, however I live in this complex.

Pros:
1) Price $339,000
2) Large one level 3 bed/2 bath, 1,442 sq. ft. condo
3) Cupertino schools (Seller for some reason do not advertise it as Cupertino Schools, but it is located in CUSD and FUSD) http://eservices.sccgov.org/ari/search.do?type=realhome&action=displayApn&apn=29451059
4) Complex has a new roof and repiped most units already
5) Santa Clara utilities

Cons.
1) High HOA Fees: $439
2) Low reserve, so HOA fees most likely go up
3) Outdated clubhouse, sauna, gym room...
4) Water (pond) stinks in summer
5) Washer/Dryers are not allowed, but many have them anyway...

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1. justme Follow Befriend (2) 33 threads 3,460 comments

   1   3:11pm Tue 27 Mar 2012   Share   Quote   Permalink   Like   Dislike   Good review, I like the point-by-point system!

2. jvolstad Follow Befriend (4) 992 threads 1,125 comments San Antonio, TX jvolstad's website

   2   8:37pm Tue 27 Mar 2012   Share   Quote   Permalink   Like   Dislike   Is this a good deal? Looking at the photos online, it looks like a tired complex. I'm thinking $100 a sq ft sounds about right.

3. Patrick Follow Befriend (54) 5,191 threads 6,158 comments 46 male Menlo Park, CA

   3   8:52pm Tue 27 Mar 2012   Share   Quote   Permalink   Like   Dislike   To a first approximation, it's an OK deal: http://patrick.net/housing/calculator.php?uaddr=150+Saratoga+Ave%2C+95051 Not great, not terrible.

4. zhanka Follow Befriend (1) 6 threads 47 comments Santa Clara, CA

   4   9:27pm Tue 27 Mar 2012   Share   Quote   Permalink   Like   Dislike   I forget to mention, this condominium was converted from apartment complex some years ago, not sure when. Nice and green (park like complex), not too bad actually. http://www.redfin.com/CA/Santa-Clara/151-Buckingham-Dr-95051/unit-244/home/1242724 However, some neighbors have open and cluttered patios which I personally don't like.

5. crazydesi Follow Befriend (2) 44 threads 66 comments San Jose, CA crazydesi's website

   5   1:11pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike   Downsides 1. 450$ HOA 2. built in 1969

6. coorsbay Follow Befriend 9 comments Bellingham, WA

   6   8:34pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike   The world is so much bigger than Cali... Good luck

7. zhanka Follow Befriend (1) 6 threads 47 comments Santa Clara, CA

   7   12:14am Sat 31 Mar 2012   Share   Quote   Permalink   Like   Dislike   wow, its pending now

8. E-man Follow Befriend (31) 34 threads 2,552 comments San Jose, CA Premium

   8   9:28am Tue 3 Apr 2012   Share   Quote   Permalink   Like   Dislike   Protected   zhanka says wow, its pending now Unit #348 in the complex is currently in default. :)

9. zhanka Follow Befriend (1) 6 threads 47 comments Santa Clara, CA

   9   4:12pm Tue 3 Apr 2012   Share   Quote   Permalink   Like   Dislike   and not the only one

10. zhanka Follow Befriend (1) 6 threads 47 comments Santa Clara, CA

    10   4:23pm Tue 3 Apr 2012   Share   Quote   Permalink   Like   Dislike   Our neighbors old couples (and our friends) stopped making payments last summer, their unit does not have any records on foreclosure.com, I wonder how many shadow inventory out there that are not reported by the banks?

11. E-man Follow Befriend (31) 34 threads 2,552 comments San Jose, CA Premium

    11   8:00pm Tue 3 Apr 2012   Share   Quote   Permalink   Like   Dislike   Protected   Actually, there are many reasons why it's not reported. There are games that one can play. It's hard to know looking from the outside. :) I'm currently involved in a transaction, where the property was foreclosed and sold to an investor at the courthouse steps, but the sale will be reversed. :)

12. E-man Follow Befriend (31) 34 threads 2,552 comments San Jose, CA Premium

    12   9:13am Wed 4 Apr 2012   Share   Quote   Permalink   Like   Dislike   Protected   It looks like the HOA lien is going to sale at 10:00am this morning on this property. The opening bid is $19,800. Such a deal. Ptiemann, are you going to bid on it? If not, I'm running out there right now. LOL!

13. E-man Follow Befriend (31) 34 threads 2,552 comments San Jose, CA Premium

    13   9:20am Wed 4 Apr 2012   Share   Quote   Permalink   Like   Dislike   Protected   ptiemann says hopefully it'll be reversed early.. before the investor pours money into the deal. As of now, title has not been perfected. Although lender confirmed that it'd be reversed, I got to see it to believe it.

14. anon12366 Follow Befriend (2) 61 comments Palo Alto, CA

    14   6:44pm Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike   still pending weeks later. i think realtors mark properties pending to intimidate buyers into bidding higher.

15. Patrick Follow Befriend (54) 5,191 threads 6,158 comments 46 male Menlo Park, CA

    15   1:55pm Mon 9 Apr 2012   Share   Quote   Permalink   Like   Dislike   anon12366 says still pending weeks later. i think realtors mark properties pending to intimidate buyers into bidding higher. I would absolutely love to document cases of this here. Please comment if this one (or any other property) goes UN-pending.

16. CrazyMan Follow Befriend 449 comments Boulder Creek, CA

    16   3:15pm Mon 9 Apr 2012   Share   Quote   Permalink   Like   Dislike   I get unpending notices through Redfin all the time. "Status changed from pending to active".

17. supersunken Follow Befriend 6 threads 18 comments Cupertino, CA

    17   9:55am Wed 11 Apr 2012   Share   Quote   Permalink   Like   Dislike   The price is not $339k with the 450 HOA which you'll never be able to pay off. $450 x 12 = $5400 a year. Let's say yard work, maintenance, ect is $1400 a month you'd pay out of pocket if you owned a single family home. So you pay an additional $4000 a year. If the mortgage rate is 4% and you borrow 10k you pay $400 a year in interest. 4000 / 400 = 10. You're paying an additional $100k with the HOA included. So you're actually paying 439k for this place.

18. zhanka Follow Befriend (1) 6 threads 47 comments Santa Clara, CA

    18   11:56pm Thu 17 May 2012   Share   Quote   Permalink   Like   Dislike   Crazy, two identical units: 151 Buckingham Dr UNIT 276 http://www.zillow.com/homedetails/151-Buckingham-Dr-UNIT-276-Santa-Clara-CA-95051/19601007_zpid/ 150 Saratoga Ave UNIT 304 http://www.zillow.com/homedetails/150-Saratoga-Ave-UNIT-304-Santa-Clara-CA-95051/19601035_zpid/ listed for sale at the same time with the price difference ~ $170,000. WOW. No wonder why so many here hate realtors, here the link to one who listed the first unit, cute :) http://www.interorealestate.com/agents/MonicaCovington/qualifications

19. E-man Follow Befriend (31) 34 threads 2,552 comments San Jose, CA Premium

    19   8:41am Fri 18 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   She's cute indeed. My guess is the owner of the 1st unit owes a lot of money on the condo. Their breaking even point is at the wishing/listing price. She probably took the the listing to show the owner no one in their right mind would pay for the seller's wishing price. It will eventually turn into a short sale listing for $170k less than the current wishing price. Of course it's pure speculation on my part. It has nothing to do with loving or hating realtor. There is a realtor that's known for listing properties at 50% of their value on his short sale listings. I heard his open house is a mad house. Everyone would tell him that I can pay all cash blah blah blah right now if I can get it for this price. I never bother to go to those open houses. It's just a waste of time.

20. E-man Follow Befriend (31) 34 threads 2,552 comments San Jose, CA Premium

    20   8:44am Fri 18 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   ptiemann says E-man says but the sale will be reversed. :) hopefully it'll be reversed early.. before the investor pours money into the deal. Just a follow-up. It was reversed. :)

21. jvolstad Follow Befriend (4) 992 threads 1,125 comments San Antonio, TX jvolstad's website

    21   8:53am Fri 18 May 2012   Share   Quote   Permalink   Like   Dislike   Realtor looks like she has nice boobs. ;-)

22. SiO2 Follow Befriend 3 threads 189 comments

    22   1:17pm Fri 18 May 2012   Share   Quote   Permalink   Like   Dislike   Patrick says anon12366 says still pending weeks later. i think realtors mark properties pending to intimidate buyers into bidding higher. I would absolutely love to document cases of this here. Please comment if this one (or any other property) goes UN-pending. Why would a realtor mark it as Pending if it's not? If I were a buyer I wouldn't bother with Pending houses. a buyer can make a backup offer but it's a long shot and generally a waste of time. Pending doesnt mean "there's lots of offers", it means "offer has been accepted". i know there's a lot of anti realtor hate here, but doing this would be against the seller's interests.

23. anon12366 Follow Befriend (2) 61 comments Palo Alto, CA

    23   2:06pm Mon 24 Sep 2012   Share   Quote   Permalink   Like   Dislike   Looks like it didn't sell after being marked pending. http://www.zillow.com/homedetails/150-Saratoga-Ave-UNIT-305-Santa-Clara-CA-95051/19601036_zpid/ Most of the "pending" properties are just an attempt by the liberal scumbucket constituency of California to create the fraudulent illusion of demand for their criminally overpriced housing market. @patrick

24. New Renter Follow Befriend (3) 13 threads 2,220 comments San Jose, CA Premium

    24   3:16pm Mon 24 Sep 2012   Share   Quote   Permalink   Like   Dislike   Protected   jvolstad says Realtor looks like she has nice boobs. ;-) Good boobs alone can raise the selling price $20k.

25. 37108605 Follow Befriend 1 threads 1,055 comments

    25   8:15am Fri 28 Sep 2012   Share   Quote   Permalink   Like   Dislike   Near $500 a month in HOA? LOOOOOOOOOOOL SPARE ME.