Hi Carol, I am a Realtor who lives in Marina Bay and I have sold and shown homes in every neighborhood here and I've never heard or read any such thing. I think whoever told you this was mistaken at best, however if you have questions or want my information about Marina Bay and homes here feel free to call or email me. Clark Goodrich, Soldwell Banker, 415-717-0283, firstname.lastname@example.org. You can also find more information about and photos of Marina Bay at https://www.facebook.com/ClarkSellsBayViews.... more
It seems as though Pulte is willing to offer some great deals to close out their inventory at Marina Bay. I just checked their website and they are providing a move in special as well as discounted prices on their remaining homes.... more
Hello Sam, my colleague Carl Medford sent your name and email address my way, but I must tell you, carl medford knows that area as well as I do, and I am managing an office full of agents. Gotta say though, Medford is a champ. Let me know if you agree! all the best to you Sam!
I guess the first thing you should know about Marina Bay is that it is a neighborhood not, as the other answers below imply a single condominium complex. There are currently 11 existing HOA's in the neighborhood with one additional live/work space under construction and at least two additional single family home developments being proposed. HOA fees in the neighborhood range from under $100 a month to over $500 a month and they also vary by what they cover in terms of expenses and maintenance.
The Marina Bay area features lots of bay front land and nature while also having several parks and the Bay Trail running right along the Bay for well over a mile. If you have other questions regarding the area feel free to post them here or contact me directly.
My wife has lived in Marina Bay for 17 years. When we met several years ago, I had lived in Marin for several years and was surprised at how nice Marina Bay was. Moving here was an easy decision for me. The Bay Trail is right at your doorstep and you can walk, run, or ride for literally miles on it from here. There are several restaurants in the area, some right on the water. It's very convenient to get into Berkeley, Oakland, San Francisco, or Marin from here and the housing prices are quite reasonable.
The area gets more sun than most of the surrounding areas and a lot less rain in the winter than I was use to in Marin. With constant breezes of the Bay it's a comfortable place to be even on the warmest days of the year, but those breezes also keep it cool in the summer, so if you are a hot weather fan, Marina Bay may not be for you. If you are a sailor than Marinas give you great proximity to your boat and if you don't own one the sailing club has several rentals you can take advantage of.
On the down side, the trains can keep you waiting for them to pass and it's hard if not impossible to get around them from Marina Bay, however there is a by-pass being built which is supposed to be finished latter this year which should solve the worst of that and an underpass being started, which will eliminate the problem completely assuming our state lawmakers quit playing games with their small share of the funding. The only other downside I can see is that Marina Bay is a gathering place for weekends, festivals, and Fourth of July fireworks. If that type of thing bothers you, it could be seen as a negative, but most of the communities here are gated, so it won't have any major effect on parking for residents and no one will be trampling on your front lawn. Overall we love it here in Marina Bay and warn you to carefully consider buying your first home here if you are afraid of never wanting to leave.... more
I've lived in Marina Bay for nearly twenty years. The area is a very safe location that seems to be user friendly to single women. There are many in the neighborhood in which I live, Promontory. Gated community, but safe even without the gates.... more
Also, Developers use CA DRE approved contracts not CAR purchase contracts. Even if you are represented by a Realtor "customary" means different things in different fields. Most Realtor's are not familiar with new construction nor the process of building a home, time lines, contract obligations, etc. Its a totally differently ballgame including lending. Most lenders will not or cannot loan on new construction which is why there is a approved lender who usually bypasses underwriting requirements because of the complexities of the building a home, timeline, delays, rate locks, etc.
This is an old question posted but again, totally different animal than resale.... more
I agree with Darrell that it may take a while longer. I've been hearing "the prices have bottomed out or will be bottoming out soon" since the crisis started. I'll believe it once the trend reverses steadily for two years.
If you are looking for a deal in that area it probably will have to be a foreclosure (and some of those do exist) because otherwise only the most desperate home owners (e.g. moving out of state but don't want to foreclose) are selling in this market and 2-3 years before the new UC research campus and underpass are being built.... more
Dave, thank you for providing more info about this property. Please let me know when this REO gets listed. I would like to receive listings of other condos in this area too. My email is email@example.com.
You know your area because you live there. I agree with the previous response that short sales are a nightmare. The lender can just hang you out there. If you do move on a shortsale, make sure your agent writes an escape clause into your offer. Read my post titled "Are Your Ducks in Line" by going to google and type halladayhouse. Good luck!... more
As for the area, the city of Richmond has a "higher than average" violent crime rate. The Marina Bay development is away from the main city center, but..... Also, you have a major Chevron Oil Refinery to your north-west and a ship port to the west. The prices are good for Bay Area realestate, but there is an obvious reason.... more