Home Buying in San Jose>Question Details

pisces, Home Buyer in Fremont, CA

Neighborhood and school in the Berryessa area.

Asked by pisces, Fremont, CA Mon Jan 27, 2014

I was looking at some property near Berryessa area 95133. attended some open houses too. Also, BART is going to be opened in the future (2018). My concern is schools are not great. (summerdale and vincipark elementary school). How does all of this factor affect in terms of resale value. also, what are yours insight about neighborhood around that area (95133). Thanks.

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Hello,depending on whether you are planning to invest or occupy the home, you are faced with 2 choices: If you plan to invest, the fact that the BART is coming to the area in 2018 is likely to drive prices up (easy commute), so now could be a good time to invest. If you plan to occupy the home you will purchase, and if you are concerned about schools, you should extend your search to other neighborhoods of San Jose and compare API scores. For further information on the area, you may want to check http://www.city-data.com and search by Zip Code (95133).
0 votes Thank Flag Link Tue Jan 28, 2014
The neighborhood is actually a very quiet neighborhood. Having Bart will be more of a positive because it provides access to public transportation (as you might know from living in Fremont) The schools are in fact improving, this is just part of the factor regarding future home value. A lot of people get hung up on the school, but you have to see the bigger picture. It's location, condition and appeal of a home and neighborhood, which includes not only the schools, but also the convenience of daily living such as stores, commute to work and lifestyle.

More info here;

http://activerain.com/blogsview/4277929/homes-for-sale-in-sa…

https://alextafoya.realscout.com/search#zips_95133/stype_ELE…

http://alextafoyahomes.com/
0 votes Thank Flag Link Mon Jan 27, 2014
I used to live in the Berryessa area so know it well. I bought my first home near Lundy and Sierra Ave. If you want more home for your money and a shorter commute it's great. There are also many nice parks and shopping areas. If you want schools with Academic Performance ratings (api) above 900 you will need to pay a very high cost for housing. But schools above 850 are pretty good. Vinci Park api is 852, Summerdale is 860. You might want to look in Milpitas, there are some better schools there while still having some affordable housing.

If you are worried about crime check the San Jose Police crime map:
http://www.sjpd.org/crimestats/CrimeReports.html

Contact me if you would like to discuss further. I know all the South Bay areas very well because I've lived in most of them.
0 votes Thank Flag Link Mon Jan 27, 2014
None of us here can predict the future value (if they can I want to know their secret). Typically a person who holds their property for over 7 years should be ok with values.

Do you have children who will be attending the schools? I find that people focus a lot on school scores when they don't have children or they plan on putting their children into private schools. The values are already established based on todays market. It will go up or down respectively to market fluctuations.

Public transport ion is a plus, providing that it doesn't affect the enjoyment of the home due to noise and traffic.

I would suggest you lean on your buyer agent to help you navigate this process, as they know what is important to you and your budget.

All the best to you.
0 votes Thank Flag Link Mon Jan 27, 2014
It is already factored into the value today so there is no need to factor it in to the future. All you have to do is look at the projected increase in home prices and apply it to yours.

Alex Greer Loan Officer NMLS #1056079 http://www.TheMortgageOutlet.com 408-352-5147 AGreer@TheMortgageOutlet.com
1 vote Thank Flag Link Mon Jan 27, 2014
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