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516 Loch Lomond Ct, Milpitas, CA 95035

By anonymous     Fri, 14 May 2010, 2:40am   2,948 views   33 comments
In Milpitas CA 95035   Watch (0)   Share   Quote   Permalink   Like   Dislike  

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1. CrazyMan Follow Befriend 449 comments Boulder Creek, CA

   1   11:46am Thu 27 May 2010   Share   Quote   Permalink   Like (1)   Dislike   1.2 to live in Milpitas. lol

2. E-man Follow Befriend (31) 34 threads 2,608 comments San Jose, CA Premium

   2   12:17am Fri 28 May 2010   Share   Quote   Permalink   Like   Dislike   Protected   CrazyMan says 1.2 to live in Milpitas. lol Yeah, 1.2 mil is a little much. I bet someone will drop $1.1 mil to buy this home soon. However, the owner doesn't owe much on the house so she may hold out for a while.

3. CrazyMan Follow Befriend 449 comments Boulder Creek, CA

   3   11:24am Fri 28 May 2010   Share   Quote   Permalink   Like   Dislike (1)   1.1 to live in Milpitas. lol

4. permanent_marker Follow Befriend (1) 71 threads 230 comments Mountain View, CA Premium

   4   5:02pm Fri 28 May 2010   Share   Quote   Permalink   Like   Dislike   Protected   can any one who is familiar with Milpitas share some inside scoop on living there? I always wondered about this town wedged at the bottom of the bay. From the maps it looks like a prime location, close to all freeways (101, 237, 880, 680) and Silicon Valley.

5. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   5   8:48pm Fri 28 May 2010   Share   Quote   Permalink   Like   Dislike (3)   permanent_marker says From the maps it looks like a prime location, close to all freeways (101, 237, 880, 680) and Silicon Valley. LOL! what ever happened to Palo Alto Menlo Park as being prime locations ? Milpitas does have some excellent Asian resturants at very reasonable prices. Its definitely worth looking at, imho.

6. E-man Follow Befriend (31) 34 threads 2,608 comments San Jose, CA Premium

   6   10:03am Sun 30 May 2010   Share   Quote   Permalink   Like   Dislike   Protected   @ permanent_marker, I think it's so convenient. Prime location or not is in the eye of the beholder. Property tax in Milpitas is also lower than San Jose and Fremont. Half of the full-time city employees are making over six figures, which makes me want to puke. Other than that, I LOVE MILPITAS. Since I live here, my view is biased. San Jose Mercury News wrote a short article about Milpitas. I think the title of the article was something like "Is Milpitas a hidden gem in the South Bay?" You might want to read it and come to your own conclusion. @ Thomas.Wong, Yep, we have excellent Asian restaurants at very cheap prices. We also have In-and-Out burgers, Wal-Mart, Starbucks, Peets Coffee, Safefway, etc. It seems like if you name it, we have it.

7. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   7   1:07pm Sun 30 May 2010   Share   Quote   Permalink   Like   Dislike (2)   Very Very business friendly area. E-Man lets not forget Ranch 99.

8. E-man Follow Befriend (31) 34 threads 2,608 comments San Jose, CA Premium

   8   9:36am Sat 5 Jun 2010   Share   Quote   Permalink   Like (1)   Dislike   Protected   They're having an open house again today. I'll walk over and ask them why hasn't it been sold. I will tell them to drop the listing price by $100k and get it sold by next week. The listing agent and the seller are probably smoking dope for asking this price in this market IMHO. I could be wrong however :-)

9. E-man Follow Befriend (31) 34 threads 2,608 comments San Jose, CA Premium

   9   6:00pm Sat 5 Jun 2010   Share   Quote   Permalink   Like   Dislike   Protected   I talked to the listing agent today during the open house. They currently have 4 offers on the home and are countering these offers. This would likely be the last open house. Apparently, these 4 offers didn't quite meet their expectation. I guess they're still looking for the highest and best offer. I estimate they'll sell it for $1,130,000. Will see how close I guesstimation is.

10. optimistic man Follow Befriend 4 comments Milpitas, CA

    10   5:30pm Tue 22 Jun 2010   Share   Quote   Permalink   Like   Dislike   476 Loch Lomond Ct 3,118 $1,200,000 Sold on 10/29/2004 633 Angus Dr 3,274 $1,290,000 Sold on 01/06/2005 521 Paseo Refugio 3,118 $1,260,000 Sold on 05/23/2005 613 Angus Dr 2,913 $1,232,000 Sold on 07/14/2005 596 Clyde Ct 3,118 $1,265,000 Sold on 07/15/2005 534 Angus Dr 3,118 $1,245,000 Sold on 10/28/2005 552 Shelley Ct 3,118 $1,200,000 Sold on 11/17/2005 446 Loch Lomond Ct 2,590 $1,250,000 Sold on 06/14/2006 561 Shelley Ct 3,274 $1,320,000 Sold on 07/24/2006 518 Angus Dr 2,913 $1,175,000 Sold on 10/19/2006

11. seaside Follow Befriend (3) 34 threads 696 comments Alexandria, VA

    11   7:31pm Tue 22 Jun 2010   Share   Quote   Permalink   Like (1)   Dislike   What happened to this house? Nearby homes similar to this are sold under 1M, mostly in 850~950K range. The owner figured this out and pulled it out of MLS?

12. E-man Follow Befriend (31) 34 threads 2,608 comments San Jose, CA Premium

    12   9:14am Wed 23 Jun 2010   Share   Quote   Permalink   Like   Dislike   Protected   @ optimistic man, It sounds like you know this area. So how much do you think this home will sell for?

13. E-man Follow Befriend (31) 34 threads 2,608 comments San Jose, CA Premium

    13   9:40am Wed 23 Jun 2010   Share   Quote   Permalink   Like (1)   Dislike   Protected   seaside says What happened to this house? Nearby homes similar to this are sold under 1M, mostly in 850~950K range. The owner figured this out and pulled it out of MLS? The believe they accepted an offer and pulled it off the public MLS listing. I think you can still see it if you have access to the MLS as a broker (professional). It's not what it seems from an aerial photo. You have to be on the ground to get the full picture of the home prices. I believe this is the last luxury SFH home subdivision in Milpitas that was built by Shapell. I don't care much for their workmanship, but Milpitians love Shapell build homes. In my opinion and others Milpitians that I've known, this is the most desirable neighborhood in Milpitas so you have to factor in some premimum due to limited supply. In addition, these homes are about 13 to 15 years old with minimum 9' high ceilings on both first and second floors. The ceilings are as high as 20' in the living and dining rooms. Basically, these homes have a lot of amenities built-in. These homes are surrounded by older (26 to 28 years old) and somewhat smaller homes with lower ceilings and less amenities, also built by Shapell, which reflected by your $850k to $950k range. I don't see this home selling for less than $1.1 million. Basically, supply and demand. Once you buy a home above $1 million, it's all about the quality of life. Buy vs. rent goes out the window. Most homeowners in this neighborhood are business owners, doctors, dentists and managers and directors at high-tech companies. Well, that's all I know about this neighborhood :o)

14. optimistic man Follow Befriend 4 comments Milpitas, CA

    14   12:46pm Wed 23 Jun 2010   Share   Quote   Permalink   Like   Dislike   E-man says @ optimistic man, It sounds like you know this area. So how much do you think this home will sell for? 1.17 to 1.22 million in 2004 price range

15. E-man Follow Befriend (31) 34 threads 2,608 comments San Jose, CA Premium

    15   1:54pm Wed 23 Jun 2010   Share   Quote   Permalink   Like   Dislike (1)   Protected   optimistic man says E-man says @ optimistic man, It sounds like you know this area. So how much do you think this home will sell for? 1.17 to 1.22 million in 2004 price range Wow, that's optimistic. I thought it could sell for as high as $1.175 million, but didn't want to sound so arrogant in my guesstimate.

16. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

    16   10:42pm Wed 23 Jun 2010   Share   Quote   Permalink   Like   Dislike (1)   E-man says Once you buy a home above $1 million, it’s all about the quality of life. Buy vs. rent goes out the window. Most homeowners in this neighborhood are business owners, doctors, dentists and managers and directors at high-tech companies. Well, that’s all I know about this neighborhood :o I found doctors, dentists, and more than a few HT directors poor in managing money. But they are good a spending it...

17. E-man Follow Befriend (31) 34 threads 2,608 comments San Jose, CA Premium

    17   11:07am Thu 24 Jun 2010   Share   Quote   Permalink   Like   Dislike (1)   Protected   I drove by the home this morning. There is a big SOLD sign in front of the house. We'll find out how much it sold for in about a month. @ Thomas, My point is that this neighborhood is not for the median income household. It's a good thing that they're good at spending money. It helps keeping the economy afloat :o)

18. EBGuy Follow Befriend 4 threads 2,115 comments

    18   12:03pm Thu 24 Jun 2010   Share   Quote   Permalink   Like   Dislike (1)   Almost a $1million dollars (or at least $750k) less in Tracy where you can walk to the ACE train stop. How much is that commute worth?

19. E-man Follow Befriend (31) 34 threads 2,608 comments San Jose, CA Premium

    19   12:16pm Thu 24 Jun 2010   Share   Quote   Permalink   Like   Dislike   Protected   EBGuy says Almost a $1million dollars (or at least $750k) less in Tracy where you can walk to the ACE train stop. How much is that commute worth? How much do you think this home would sell for if it were in Palo Alto, Atherton or Hillsborough? Beauty is in the eye of the beholder.

20. pkowen Follow Befriend 30 threads 555 comments San Carlos, CA

    20   11:39am Sat 26 Jun 2010   Share   Quote   Permalink   Like   Dislike   E-man says EBGuy says Almost a $1million dollars (or at least $750k) less in Tracy where you can walk to the ACE train stop. How much is that commute worth? How much do you think this home would sell for if it were in Palo Alto, Atherton or Hillsborough? Beauty is in the eye of the beholder. Sorry, but I have pretty much no use for Milpitas. It's barely average. Nestled in between 237 / 880 / 680. Three of the worst commute highways on earth. Culturally, it is of no interest to me. This house and n'hood, from the street view and birds eye view, is at best an upscale cookie cutter suburban sudivision. At worst a classic example of sprawl development. Mentioned In-and-Out burgers, Wal-Mart, Starbucks, Peets Coffee, Safeway as great things nearby??? You might as well list Bed Bath and Beyond, Best Buy, TJ Maxx, KFC and McDonald's. With the possible exception of Peets none of those are anything but standard 'any strip mall in the U.S.' stuff. Any local or unique restaurants that AREN'T Asian there? For $1 mil or even $750k, there are dozens if not hundreds of places and houses I would choose over this. I guess e-man and I have very, very different ideas of quality of life.

21. optimistic man Follow Befriend 4 comments Milpitas, CA

    21   11:30pm Sat 26 Jun 2010   Share   Quote   Permalink   Like (1)   Dislike (1)   pkowen says E-man says EBGuy says Almost a $1million dollars (or at least $750k) less in Tracy where you can walk to the ACE train stop. How much is that commute worth? How much do you think this home would sell for if it were in Palo Alto, Atherton or Hillsborough? Beauty is in the eye of the beholder. For $1 mil or even $750k, there are dozens if not hundreds of places and houses I would choose over this. Where? Which houses? show me some of them. Forget about this house. I should follow you to buy one of the dozen houses in bay area larger than 3200sf, less than 15 years old, better commute than Milpitas for 750k to 1 mil. If you can provide links to those houses in Redfin, that will be great. Thank you!

22. E-man Follow Befriend (31) 34 threads 2,608 comments San Jose, CA Premium

    22   7:50pm Sat 4 Sep 2010   Share   Quote   Permalink   Like   Dislike   Protected   This home was sold for $1,180,000. My guestimate was low by $50k. Basically it was sold for 2005 price according to zillow. Optimistic man was more correct than me. Wow, who are these people with $$? Must be nice to be able to afford this much $$ during time of crisis. http://www.zillow.com/homedetails/516-Loch-Lomond-Ct-Milpitas-CA-95035/19475829_zpid/

23. optimistic man Follow Befriend 4 comments Milpitas, CA

    23   1:48pm Tue 7 Sep 2010   Share   Quote   Permalink   Like   Dislike (1)   I still think it is 2004 price. 476 Loch Lomond Ct 3,118 $1,200,000 Sold on 10/29/2004 633 Angus Dr 3,274 $1,290,000 Sold on 01/06/2005 Which estimate zillow made was correct? Unless it was just sold. How about this property? http://www.redfin.com/CA/Milpitas/2130-Fieldcrest-Dr-95035/home/572858

24. E-man Follow Befriend (31) 34 threads 2,608 comments San Jose, CA Premium

    24   4:01pm Wed 8 Sep 2010   Share   Quote   Permalink   Like   Dislike   Protected   Nice house with some nice upgrades, but over-priced by $125k in my opinion. Based on my LIMITED understanding from talking to Milpitians, this area is next to desirable compare to the Loch Lomond area, which is typically Milpitians' first choice. Of course, I could be wrong :o)

25. Enzo MiMo Follow Befriend 5 comments Fort Lauderdale, FL

    25   10:52am Fri 26 Nov 2010   Share   Quote   Permalink   Like   Dislike   I call "FOUL" on the "official" sale price. I'm supposed to believe peak (2005) Bubble pricing at this time? The NAReal-tards™, Duh Banks, Duh HOAs, and (passively) the county property appraiser, all have a vested interest in "recording" the highest possible sales price. I'm guessing there was an off-the-books kickback, err, I mean incentive, err, I mean rebate, err... I mean Federal RICO violation which will never be investigated. ;') I already have 2 first hand examples of such here in So-Fla. Used-house price inflation by ANY means necessary... oh yeah...

26. Mark_LA Follow Befriend 10 threads 213 comments Pasadena, CA

    26   4:44pm Wed 1 Dec 2010   Share   Quote   Permalink   Like   Dislike   Mr.Fantastic says I love this site. I got a 3 day ban from Redfin for using the term “realtard”. Haha---me too!

27. thomaswong.1986 Follow Befriend 15 threads 3,080 comments

    27   5:46pm Wed 1 Dec 2010   Share   Quote   Permalink   Like   Dislike (1)   permanent_marker says can any one who is familiar with Milpitas share some inside scoop on living there? I always wondered about this town wedged at the bottom of the bay. Not much difference from any other city. Certainly will find better resturants than Palo Alto or Menlo Park.

28. thomaswong.1986 Follow Befriend 15 threads 3,080 comments

    28   5:47pm Wed 1 Dec 2010   Share   Quote   Permalink   Like   Dislike (1)   optimistic man says I still think it is 2004 price. 476 Loch Lomond Ct 3,118 $1,200,000 Sold on 10/29/2004 633 Angus Dr 3,274 $1,290,000 Sold on 01/06/2005 Which estimate zillow made was correct? Unless it was just sold. How about this property? http://www.redfin.com/CA/Milpitas/2130-Fieldcrest-Dr-95035/home/572858 LOL! crying shame. I know someone who paid $1.5 and like most are down to $1M for similar sq ft. Anyway! the 350K price back in 1988 was a peak year and prices fell fairly deep afterwards. You would have seen $300Ks for similar homes into the mid 90s.

29. E-man Follow Befriend (31) 34 threads 2,608 comments San Jose, CA Premium

    29   5:10pm Mon 2 May 2011   Share   Quote   Permalink   Like   Dislike   Protected   optimistic man says How about this property? http://www.redfin.com/CA/Milpitas/2130-Fieldcrest-Dr-95035/home/572858 E-man says Nice house with some nice upgrades, but over-priced by $125k in my opinion. Optimistic Man, This home finally sold for $1,225,000. It was originally listed for $1,358,888, and I thought it was $125k too high. My guess was pretty close in this case. The home was apparently over-priced. If the listing agent knew better, this home could have sold much sooner :)

30. E_guy Follow Befriend 1 threads 4 comments Sunnyvale, CA

    30   10:10pm Mon 2 May 2011   Share   Quote   Permalink   Like   Dislike   Well, I recently see a lot of sellers listing houses really high just in case an overexcited buyer may bite into it. Of course, usually it doesn't work.

31. Byte Me Follow Befriend 10 comments

    31   10:36pm Mon 2 May 2011   Share   Quote   Permalink   Like   Dislike (1)   E_guy says Well, I recently see a lot of sellers listing houses really high just in case an overexcited buyer may bite into it. Of course, usually it doesn’t work. Not too smart a game to play given the odds are in favor of it not appraising out (unless they believe an all cash buyer is coming along).

32. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

    32   9:16am Tue 3 May 2011   Share   Quote   Permalink   Like   Dislike   E_guy says Well, I recently see a lot of sellers listing houses really high just in case an overexcited buyer may bite into it. Of course, usually it doesn’t work. Only if there is an overexcited bank working the background for the buyer, which not the case nowadays.

33. Beeya Follow Befriend 1 comments

    33   5:46pm Thu 5 May 2011   Share   Quote   Permalink   Like   Dislike   With all the good resturants talk, can the Milipitans recommend me a couple of em?