You want a "frank appraisal" of KB's product? Okay, here goes...
As a former owner of a KB Home, I have to say, I'm not sold on KB or their product. My husband and I owned a KB Home townhome-style condominium and it was problematic at best. Fit and finish was pretty spotty, and our community was involved in a lawsuit with the builder over developer defects. I've looked at Eveyln Glen too, and to be frank, I don't feel that the price is worth it for the location. There are plenty of other homes in more centrally located areas that may be older, but are built more sturdily. And I personally do not believe that Sunnyvale's downtown will add anything to the value of this home--I speak as a life long resident of Sunnyvale and witness to three (3) attempts to revitalize the downtown region.
Personally, I would use this money to find a great "house" (detached single family) in an area of Santa Clara that has the potential for faster recovery if the time window in which you're considering is only 2-3 years long. You may find that, unlike real estate of the past where new homes increased in value quicker than would older homes, the new condominium may be 'topped out" in pricing now, so that 2-3 years from now it will not be worth enough to warrant moving without incurring a loss.
Sorry, I know that my post sounds like "sour grapes", but this is solely my personal opinion. Speak to neighbors in the community to determine how satisfied or not they are with their new KB Homes. Hopefully, the developer will have substantially increased the quality of their homes today!
Area Pro Realty
Tel (408) 426-1616
Some options for better school districts for your next step up are (in no particular order):
1. Sunnyvale Stocklmeir (Ortega Park neighborhood)
2. Santa Clara Eisenhower (e.g. Maywood or Westwood Oaks neighborhoods)
3. Cupertino Eaton Elementary / Lawson Middle / Cupertino High
4. Sunnyvale Cherry Chase
5. Sunnyvale West Valley
Top 1% Intero Real Estate
Silicon Valley Specialists
"Guaranteed Results through Teamwork"
Yes the home is worth the price and once the downtown is completed your value will hold better. The thought of selling in 2-3 years for a profit is probably not realistic. You should be looking at buying a home to stay in for 5+ years.