Home Buying in 94086>Question Details

Appa Belwalk…, Home Buyer in Sunnyvale, CA

Evelyn Glen (KB Homes), Sunnyvale, CA. 3Bed/4Bath town home (5 years old) priced at $700K. Is it worth buying? Appreciate your response!

Asked by Appa Belwalkar, Sunnyvale, CA Mon Feb 25, 2013

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Absolutely, I just sold a unit at 227 #4 plain unit late last year for 695k I am listing another home in there next week a custom home custom colors custom cabinets listing for 699k a townhouse down the street sold for 720 k call me for info on this custom home coming up if you want the best one in complex but YES check comps you'll see my listing I sold oct 2012 I believe it closed same as the one your talking about my new listing is inside complex and CUSTOM
http://www.SunnyvaleHouseFinder.com will also show you my peppermint tree terrace sale which is perfect comp
1 vote Thank Flag Link Mon Feb 25, 2013
KB Homes is having a lot of problems in Florida. Are they having the same issues in California? Take a look at some of the pictures and videos are problems these homeowners are experiencing...http://TheKBHome.com
0 votes Thank Flag Link Tue Apr 30, 2013
Evelyn Glen is a very attractive community. However, whether it is worth it to buy or not should be determined by your family needs. If your family is only looking for 3 bedrooms and Sunnyvale is the only location you will consider, then it will be one thing. However, if like many families in Silicon Valley, there are elderly parents who need a ground floor bedroom and a specific city is not an absolute, then something like this will be better suited for your needs, especially if it is for a little more but you get a larger Single Family Home rather than a Town Home.


http://www.stevemungroup.com/atj/user/AdditionalGetAction.do…


So it really depends on what you are looking for. Does the value come in the specific city and community, or does the value come in getting more space for less money in a comparable area withing a reasonable driving distance. Only you can answer that question.


Steve Mun Group
http://www.SteveMunGroup.com
650-605-3188
0 votes Thank Flag Link Mon Mar 4, 2013
Hi Appa

Evelyn Glen is a great community, you should definitely consider making an offer.

Let us know if you need any help.

One makes money in Real Estate by buying and holding over time:
http://www.trulia.com/blog/perry_mistry/2013/02/state_of_cal…

Sunnvale Condos and Single family homes.
http://www.trulia.com/blog/perry_mistry/2013/03/town_home_an…

Clearly, last year at this time would have been better, but today is as good a time as any.

Best regards
Perry
0 votes Thank Flag Link Sun Mar 3, 2013
Hi Appa,
Do you think you might have kids soon? If so, you may want to also consider buying a smaller place in a better school district, such as the Stocklmeir Elementary/Ortega Park neighborhood. I've seen Stocklmeir Elementary climb up the ranks year after year. Lots of educated, tech-savvy people have moved into that neighborhood over the years, which has helped boost their schools API.

On the other end of the spectrum, if you don't plan on having kids for a while and want a brand new townhome and can afford $800k and above, then you may want to also consider 37 Degrees North. The tradeoff with the brand new home is that it costs more and the neighborhood isn't quite as residential as the other choices.
0 votes Thank Flag Link Tue Feb 26, 2013
Appa,
Evelyn Glen is a great development. Unless the home is in one of the less desired locations it will most likely get multiple offers and sell over the listed price, as most of the Sunnyvale condo/town homes are right now. The proximity to down town is a real plus and the schools are popular, so there will probably be a lot of competition. It seems as if the market is very insane now, but I expect homes to appreciate as long as there continues to be high employment and high stock market values. since it is impossible to know conditions in 7-10 years there is no way to know what the value will be then, but the over all trend for this area has been up, with a few exceptions like from 2008-2010 or in 2001.

Marcy Moyer
Keller Williams Realty
marcy@marcymoyer.com
DRE 01191194
650-619-9285
0 votes Thank Flag Link Tue Feb 26, 2013
David gave you good advice.

When thinking of buying a home a buyer should first focus on does the home fit their needs, wants, lifestyle, and budget. Buyers confuse themselves when they move from buying as a primary resident and focus on investment (resale). Location always plays a part in both scenarios.

Our current real estate market has been on an up swing for the last 12 months and providing nothing MAJOR happens, all indicators predict this market to continue. If you have not written any offers yet, you may be surprised to find that other buyers are not focusing on comps because the competition is fierce and closing prices don't support the comps.

Good luck in your goal to home ownership.
Web Reference: http://www.terrivellios.com
0 votes Thank Flag Link Tue Feb 26, 2013
I agree with David. You did answer your own question about why Sunnyvale is an attractive place to buy. Sunnyvale is the center of it all --- the best commute for the high tech South Bay on weekdays + a great place to live on the weekends. Sunnyvale is just a well-planned, efficient city.
0 votes Thank Flag Link Mon Feb 25, 2013
Appa; I live less than a mile away and have lived in this area for 57 years. This is a great town and great neighborhood with an excellent police force. Concerning your thoughts about resale value; it is in my opinion and experience of seeing the market go up and down and way back up every time I would not be so concerned. We should be back on track for 3-5% growth year after year if not higher do to the fact that as long as the jobs are here the growth will also be here. You answered your own question when you said your reason for buying is commute time. Everyone else wants the same thing a very short commute and you got it by living right here in the mix of things. This is my town and I love it. Always has been and Always will be. Now hurry up and buy that one so when I list mine next week it will be have zero competition.
Best wishes to you and your family Appa.
http://www.SunnyvaleHouseFinder.com
0 votes Thank Flag Link Mon Feb 25, 2013
Thanks David, Robert. I am buying it for my family (me and wife). We both work in Sunnyvale, so minimum commute is our requirement. The homes in this community are good, but I am getting a feeling that I will be paying close to maximum of what these homes will be worth. So even when we decide to sell it, say after 7-10 years, we may not fetch good resale value. What do you guys think?

Another feedback I am seeking is about crime and safety in this area. Trulia's crime heat map shows green around the area. But would be helpful to learn more from people who have lived in Sunnyvale for some time.
0 votes Thank Flag Link Mon Feb 25, 2013
If you are buying as an investment that you plan to rent out, then first make sure they allow it. If they do, then you should have no problem finding people who want to rent a place in Sunnyvale for a good price.
0 votes Thank Flag Link Mon Feb 25, 2013
Are you buying it to live in yourself? If so, then if it fits what you are looking for, then it is worth buying.
0 votes Thank Flag Link Mon Feb 25, 2013
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