That asking price seems way too high to me, but the interesting thing is the tiny $600 deposit and the fact that they welcome pets. That smells like desperation to me. My guess is the developer is having trouble making the bank payments and they need to fill it with suckers at very high rent to keep it from going bankrupt.
Bankruptcy would be the best thing to happen to the Mercer. The bank could take it over and then dump the condos at $400,000 - $500,000 a unit.
There are some very good buys in Walnut Creek, however, I've heard bad things about both the Mercer and Montecito. The best thing to do is, get with a realtor and take a look at what's available for your price range. Buying in our present market is a great opportunity. Please contact me if you would like to discuss this in more detail.
Suzanne Looker, 'Your Pet Friendly Realtor'
See link: http://www.ci.walnut-creek.ca.us/header.asp?genericId=3&
I will warn you that the Creekside properties have very limited off street parking. So while you may be able to park, your friends and family will have to park on South Main Street and walk a mile to get to you!
The Riveria units look nice and they are close to BART. However, they are a bit out of town.
Hope that helps.
Condos in SF are pricey, but at least you get to live in SF. Why pay the same amount to live in the burbs?
Yes there are. I am putting together a list of properties now. Can I ask you to send me a direct email to firstname.lastname@example.org with your email address so we can take the discussion off of the forum and continue our discussion?
In WC, I only looked at Mercer. Are there new developments like housing there instead that will minimise the HOA and make the commute worth it?
Quickly how many bedrooms over 1200 sq feet and where are you with your price range? I am also feeling like if possible SF is where you would like to be or is WC truly an option with bart? You can answer here or at email@example.com Thanks AJ
I have heard mixed reviews about the Mercer. I have heard that though it is new construction, some of the finish details fall short of expectations. On the other hand, I have heard that some people love it. I have put two separate clients there. They both love the proximity to everything that Walnut Creek has to offer. Walnut Creek is still expanding; bringing in more big name retailers like Neiman Marcus and specialty restaurants. I know they are aiming to make the retail similar to SF. Being an East Bay native, I would say that I am partial to WC, but I have never lived in SOMA/China Basin. Also, in addition to the Mercer, there are a number of other high end condominium projects going up in the Walnut Creek area. Depending on what your needs are (i.e. proximity to work, transportation, extra curricular activities, etc); should help you determine which area you want to live. If you work in the city, then I might suggest living over there. On the other hand, a lot of people who work in the city don't want to live there, so Walnut Creek would be ideal, since it has easy access to BART and Hwy 24.
Well if you have any specific questions regarding Walnut Creek, I would be happy to answer them for you. With respect to SOMA/China Basin, I apologize, but I am not that familar with that area. Best of luck.
This is a difficult question but it depends where in the SOMA district you are looking. If you are looking at the lower and mid priced units that are right up against the freeway be careful. There are quite a few foreclosures popping up in there which is not a good sign, as you get further away from the freeway prices jump significantly and the foreclosure, short sales go down. It all comes back to location. When looking at places in the city such as Laurel Heights or the panhandle you are dealing with strong established communities but up against the freeway in pockets of SOMA could have a negative effect on your long term investment. Mercer on the other hand is located in the heart of Walnut Creek and is selling well even in a depressed market because of what it has to offer. I have helped two clients get into Mercer. The first was a retiring couple. We sold their home in Danville and they moved into a 2 bed with an office unit and the second was an out of state couple looking for a one bedroom vacation home (pretty funny that Walnut Creek is their vacation home, but that is where their kids are). I would be happy to help you out in any way especially since I know where we closed on two specific models.
If you would like you can reach me at my email firstname.lastname@example.org or call me at 925.819.2747
Have a good day,