A reasonably priced house?

By FormerBear   follow   Sat, 5 May 2012, 3:54pm PDT   ↑ Like   ↓ Dislike   2,030 views   6 comments   Watch (1)   Share   Quote  

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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supersunken   befriend (0)   ignore (0)   Sat, 5 May 2012, 4:26pm PDT   Like   Dislike     Share   Quote   Comment 1

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.

FormerBear   befriend (0)   ignore (0)   Sat, 5 May 2012, 5:08pm PDT   Like (1)   Dislike     Share   Quote   Comment 2

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 :)

Patrick   befriend (64)   ignore (4)   Sun, 6 May 2012, 4:50am PDT   Like   Dislike     Share   Quote   Comment 3

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

thomas.wong1986   befriend (0)   ignore (4)   Sun, 6 May 2012, 9:22am PDT   Like   Dislike     Share   Quote   Comment 4

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

New Renter   befriend (4)   ignore (11)   Fri, 5 Oct 2012, 2:57pm PDT   Like   Dislike     Share   Quote   Comment 5

Sold for $389 on 7/9

New Renter   befriend (4)   ignore (11)   Fri, 5 Oct 2012, 3:03pm PDT   Like   Dislike     Share   Quote   Comment 6

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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