A reasonably priced house?


By FormerBear   Follow   Sat, 5 May 2012, 10:54pm   1,597 views   6 comments
In San Jose CA 95136   Watch (1)   Share   Quote   Permalink   Like   Dislike  

For those living in bay area, what do you think of this listing?
http://www.redfin.com/CA/San-Jose/4687-Holycon-Cir-95136/home/865496

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  1. supersunken


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    Cupertino, CA

    1   11:26pm Sat 5 May 2012   Share   Quote   Permalink   Like   Dislike  

    Are you planning to live there or for investment property? Look up crime reports for this address. You have like 0.5 mi radius of safety. Reasonably priced home for the "barrio". Look at the description on Redfin. "Great first time buyer, investor or move up property."

    This basically translates to great for first time buyers who can't afford the bigger down payments in a better neighborhood. An investor who just looking to rent out for income, or move up from an apartment since this mortgage is cheaper than rent.

    At the peak it sold for over 500k. You can't expect to see this again anytime soon.

  2. FormerBear


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    San Jose, CA

    2   12:08am Sun 6 May 2012   Share   Quote   Permalink   Like   Dislike  

    supersunken says

    Are you planning to live there or for investment property? Look up crime reports for this address. You have like 0.5 mi radius of safety. Reasonably priced home for the "barrio". Look at the description on Redfin. "Great first time buyer, investor or move up property."

    This basically translates to great for first time buyers who can't afford the bigger down payments in a better neighborhood. An investor who just looking to rent out for income, or move up from an apartment since this mortgage is cheaper than rent.

    At the peak it sold for over 500k. You can't expect to see this again anytime soon.

    I see, well, I believe that if one decides not to pay $1 milion for a similar Cupertino house, than one has no choice than the "barrio". Or one can choose to buy a manufactured home, or rent. Or move out of Bay Area altogether :)

  3. Patrick


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    Menlo Park, CA
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    3   11:50am Sun 6 May 2012   Share   Quote   Permalink   Like   Dislike   Protected  

    I think it's pretty reasonably priced compared to renting the same thing:

    http://patrick.net/housing/calculator.php?uaddr=4687+Holycon+Cir%2C+95136

  4. thomas.wong1986


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    4   4:22pm Sun 6 May 2012   Share   Quote   Permalink   Like   Dislike  

    FormerBear says

    I see, well, I believe that if one decides not to pay $1 milion for a similar Cupertino house, than one has no choice than the "barrio". Or one can choose to buy a manufactured home, or rent. Or move out of Bay Area altogether :)

    $1M Cup home (old) with 1100-1500 sq ft isnt similar to a $1 SJ home (modern) at 3-4K sq ft. at Silver Creek. To pay that much in Cup would be foolish given the alternative.

    http://www.redfin.com/CA/San-Jose/1630-Heritage-Bay-Pl-95138/home/1618814

  5. New Renter


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    San Jose, CA

    5   9:57pm Fri 5 Oct 2012   Share   Quote   Permalink   Like   Dislike  

    Sold for $389 on 7/9

  6. New Renter


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    San Jose, CA

    6   10:03pm Fri 5 Oct 2012   Share   Quote   Permalink   Like   Dislike  

    I know the area quite well. Good parks, quiet neighbors (most of the time), good access to shopping and freeways, underground power. The bad? airplane noise, some train noise, some very poorly maintained homes. Still better than a lot of Santa Clara and Sunnyvale.

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