The homes that have been primarily for sale on Bean Creek are in the complex at 111 Bean Creek Rd. It's not that it's an undesirable area, there have just been a lot of foreclosures and short sales in that complex because they sold in the $500's in 2005 and 2006. It's a really nice complex, with two pools and mature landscaping. I think, they are a great investment because they will be located very near the town center that is going to be built over time. If you would like to know more, please feel free to email me or contact me by phone.
Your agent should be able to help you dig into the nature of the sales to find out the owners' motivation by calling other agents - they should be doing this anyways to help you understand the complex and, should you decide, to negotiate the best possible price and terms.
Feel free to call, text or email if you would like more information on Bean Creek! 831-854-7489 or Liz@mainstreamre.com
It's a lovely area close to schools, shopping and the freeway to Silicon Valley or the beach in Santa Cruz. Aside from the big condo developement at 111, there's 2 smaller condo developements and around the corner is a large mobile home park tucked in on a hillside. As you go further down the 3 mile road, you get into the countryside with a winery, horse stables and some very nice homes. I've sold a few places there to very happy clients. If your interested in more info about the area, please feel free to contact me.
Molly Thompson, Broker Associate, APR