patrick.net

Are you a Realtor??

What's the property tax gonna be each year?

Ok, that's $500 per month. If I am rich enough to be in a high tax bracket like you are, then maybe discounted by about 41% or so, to about $300 per month.

Reduced perhaps, but not exactly the same thing as being covered and paid by itemized deductions. Don't forget there's a large exemption for folks who don't itemize, too.

E-man yes I am interested, how to contact you?

$160K prebubble prices for the area, $400K is way too much. Maybe $250K would be reasonable.

Not far from that location a builder put up some condo starting at around $380K for 1/1. Current sales banner last I saw was around $230K or so... First buyers took a 40% hit.

Can you back up the pricing of the unit with any comparable houses? Are they being compared with sales or listings? Can you write anything else about the house, as your description is fairly vague!

Im also interested in this, how do I contact you

If you're in contract you have nothing to fear by giving out the extact address, right?

$250K would be reasonable.

Not with 4% 15-year fixed rates. Putting $100K down, $400K at 4% is around $1000/mo for the cost-of-money.

Now, should we see 10% interest rates in the absence of a late 90s-like employment wave, then, yeah, $250K would be reasonable.

Cash buyers will look at what cap rate they can get on their $500K. If it's rentable at $2K/mo then $350K pencils out better.

Rents go up or down from here? History says up. 30-year treasury says down or stable. The Japan liquidity trap experience says down. I don't have a clue.

What do you mean it's not on MLS? Because it's on a pending status so the public can't see it? Or it was not listed on MLS at all?

These are the available listings in the area. It's very vague as the prices go from 325k - 1.68 million

4156 WILL ROGERS DR 1680000 5 3|0 4460 8,000+ SqFt to .25 Acre 5
3181 ACORN WY 1139000 5 4|0 3200 8,000+ SqFt to .25 Acre 57
3594 SUNNYLAKE CT 850000 4 2|1 2254 .25+ to .5 Acre 30
3566 SUNNYDALE CT 825000 3 2|1 2045 6,500+ to 8,000 SqFt 30
3711 PAYNE AV 825000 5 2|1 2376 6,500+ to 8,000 SqFt 37
992 CAMELLIA WY 689000 3 2|0 1412 4,500+ to 6,500 SqFt 48
3553 KIRKWOOD DR 679000 3 2|0 1948 6,500+ to 8,000 SqFt 53
760 SHEARTON DR 669888 4 2|0 2145 6,500+ to 8,000 SqFt 55
3948 WILLIAMS RD 665000 3 2|1 1986 1 to 4,500 SqFt 20
3267 CECIL AV 649000 3 2|0 1736 8,000+ SqFt to .25 Acre 57
489 DOMA DR 644385 3 3|0 2272 8,000+ SqFt to .25 Acre 55
3704 RHODA DR 598999 3 2|0 1557 6,500+ to 8,000 SqFt 37
621 BUNDY AV 595000 4 2|1 1600 8,000+ SqFt to .25 Acre 55
1141 WELCH AV 592500 4 2|0 1236 4,500+ to 6,500 SqFt 52
3541 MARGATE AV 579000 3 2|0 1120 6,500+ to 8,000 SqFt 55
4141 DE MILLE DR 579000 3 1|0 1150 8,000+ SqFt to .25 Acre 58
328 S CYPRESS AV 525000 4 2|1 1495 1 to 4,500 SqFt 4
4005 WILLIAMS RD 399000 2 1|0 906 .25+ to .5 Acre 95
492 BOYNTON AV 325000 2 2|0 1400 .25+ to .5 Acre 65

Here are the pending sales (that are not open for back-up offers) with it's list prices for people to get an idea of what the market thinks as "priced right."

3477 ADRA AV 799999 4 3|0 2088 1 to 4,500 SqFt
1217 RUNNYMEDE DR 735000 3 2|0 1792 6,500+ to 8,000 SqFt
414 S CYPRESS AV 699999 5 3|1 2363 1 to 4,500 SqFt
2502 FOREST AV 659000 5 3|0 1698 4,500+ to 6,500 SqFt
651 ARDIS AV 625000 3 3|0 1988 8,000+ SqFt to .25 Acre
3726 PHUNGLAU CT 599999 3 3|0 1750 1 to 4,500 SqFt
723 HAMANN DR 589950 4 2|0 1555 4,500+ to 6,500 SqFt
1255 TOPAZ AV 580000 4 2|0 1556 4,500+ to 6,500 SqFt
400 FENLEY AV 580000 4 3|0 2106 1 to 4,500 SqFt
3423 MERRIMAC DR 550000 5 2|0 1918 4,500+ to 6,500 SqFt
565 INEZ WY 420000 3 2|0 1322 4,500+ to 6,500 SqFt

Here is the SOLD data. Nothing sold within the last 30 days. These show what was sold including its sale price within the last 90 days.

Street Address Zip Code City List Price Sale Price List Date Sale Date Beds Baths (F|P) Bldg SqFt Lot Size
201 WESTRIDGE DR 95117 Santa Clara 1099000 1150000 3/15/2010 3/21/2010 4 2|1 2518 9148
3566 SUNNYLAKE CT 95117 San Jose 824950 825000 2/19/2010 3/4/2010 3 2|1 2045 7400
3354 PEARLTONE DR 95117 San Jose 799000 777500 2/9/2010 3/21/2010 4 2|1 2108 8848
3233 BLUEBIRD DR 95117 San Jose 749950 750000 3/18/2010 3/23/2010 3 2|0 1711 11781
3582 SUNNYGATE CT 95117 San Jose 649000 630000 3/17/2010 3/17/2010 3 2|1 2045 6200
1343 MARIA WY 95117 San Jose 629900 636000 2/12/2010 2/18/2010 3 2|0 1477 5940
470 NOLDEN AV 95117 San Jose 599950 560000 12/8/2008 2/22/2010 3 2|0 1687 8484
3188 GARNET DR 95117 San Jose 575000 575000 2/28/2010 3/4/2010 2 1|0 1380 11730
507 COAKLEY DR 95117 San Jose 575000 565000 3/9/2010 3/27/2010 3 1|1 1666 6840
607 CRESTVIEW DR 95117 San Jose 569000 569000 2/11/2010 2/17/2010 3 2|0 1250 7381
1082 KELTNER AV 95117 San Jose 554900 585000 3/10/2010 3/15/2010 3 2|0 1140 6000
773 S CYPRESS AV 95117 San Jose 549800 625000 1/23/2010 2/22/2010 4 3|0 1705 6930
4127 PIPER DR 95117 San Jose 535000 525000 2/18/2010 3/5/2010 3 1|0 1030 10008

Any finally, this is what $525k gets you in that area.

Vain, do you have access to what a property sold for right when it closes?? I usually rely on my local paper to get that info and it usually takes a couple of months. Thanks!

Kat says

Vain, do you have access to what a property sold for right when it closes?? I usually rely on my local paper to get that info and it usually takes a couple of months. Thanks!

I have access to the price when it is sold. I think you can get that information on Redfin as well no? But there is controversy whether or not those numbers are accurate because technically, a real estate agent can put in any number he/she wants (on the MLS that is) where as Redfin goes by county records. But so far it looks legit to me.

I do not see pending sale prices. Those just show list prices.

Thanks Vain. I haven't tried Redfin, but will check it out.