Rentals in Palo Alto>Question Details

englishjennie, Home Buyer in Palo Alto, CA

Hi, we are considering a move to Palo Alto/Sunnyvale area from Boston.

Asked by englishjennie, Palo Alto, CA Thu Dec 20, 2012

We would need a 3 bedroom in a nice community for younger kids. We have a 7,6,and 4 year old and a very well behaved dog. Is there any chance we could find a decent place for around 5K a month or purchase something for 800K? Schools are a priority and walking distance to town a big plus. Close commute to Sunnyvale, any suggestions?

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6
bbocook’s answer
I am a realtor with over 25 years of real estate experience.. I also grew up in Palo Alto, and I am hooked up. Please call me and will answer any and all questions...
Take Care:
Bret Bocook, Esq.
650.387.1903
0 votes Thank Flag Link Tue May 14, 2013
If schools are your priority then sure, Palo Alto and areas of Sunnyvale have great schools. In Palo Alto, you can certainly get a rental for around 5K, however, if you decide to be picky about the type of rental (e.g. single family home, 4BD minimum etc.), I suspect getting something for ~5K is going to be a little challenging.

In terms of purchase price, it will be close to impossible to find a decent SFH in Palo Alto area for 800K. Even in Sunnyvale's best school districts, I think the prices are in 1M range. Hope this helps.
0 votes Thank Flag Link Sat Jan 5, 2013
I recently helped a couple of my clients lease out the houses they bought. They were leased in the $5k to $6k month range, located in Palo Alto. Your rental expectations are reasonable. Walking distance to town is not as straightforward.

Downtown Palo Alto is very vibrant, congested, with parking very limited. It might not be your first choice with a young family. California Ave many years ago was the center of the town of Mayfield which became part of Palo Alto. It is a little quieter and less congested. There are also several neighborhood shopping centers such as the Charleston Center near Middlefield Rd and Charleston Rd.

There have been 11 condos and 1 single family home sold in Palo Alto in 2012 for less than $900K, with 3 bedrooms. None of them were near downtown. Several were near the California Ave business district and several were near the Charleston Center. You might actually prefer either of these areas to downtown.

You can visit: http://julianalee.com/homes/2012/middlefield_rd_3510/home-fo… to see one of the lower priced single family homes near Charleston Center and also find a map of nearby points of interest such as shopping and parks.

I also sold several condos near there this year but the 3 bedroom condos were sold for over $900k.
Trinity Ln and Feather Ln see
http://julianalee.com/homes/listings.htm

Juliana Lee, MBA LLB
Cell: 650-857-1000
Top 3 agent nationwide at Keller Williams Realty

Over 20 years experience
Over 1000 home sales completed in Santa Clara and San Mateo counties

Web Refference: http://JulianaLee.com
0 votes Thank Flag Link Tue Dec 25, 2012
As stated below, it depends on your definition of decent.

I understand the part of your question where you state “Schools are a priority” – here in the Bay Area, home prices are a direct reflection of local school scores – the better the school API rating, the higher the surrounding home prices.

Although I think I know what you mean when you state, “walking distance to town a big plus” … if you are thinking you want to be within walking distance to a downtown area such as University Avenue in Palo Alto … then your numbers simply won’t work. Do you mean “walk to shopping, theaters, etc.”? Here in the Bay Area, we’ve pretty much consigned ourselves to driving to get anywhere – it’s not like the East Coast at all.
0 votes Thank Flag Link Fri Dec 21, 2012
I mean walking to get a cup of coffee or ice cream...something like that. My definition of decent would be...small outside area for the dog, 3 small bedrooms (they dont have to be big but master needs to accommodate a king)...living area, functional kitchen and safe with quality public school. Possible for 5K a month give or take? It looks like buying at 800 is a no go.
Flag Fri Dec 21, 2012
That is going to depend on what you expect to get for $800,000. On my website is a link where you can search the MLS directly with no obligation, or you can set up alerts to receive homes as they come on the market.

If you are in the area I offer a free consultation in my office to give you an over view our the buying process in California and the climate of our market.

Have an amazing day.
Web Reference: http://www.terrivellios.com
0 votes Thank Flag Link Thu Dec 20, 2012
Hi EnglishJennie,

http://www.RemaxBayArea.com

Sure, $800,000 is possible. Especially in Sunnyvale. Mountain View could also work...Cupertino could be another possibility...

I can email you listings if you'd like. When are you looking to purchase?

I am from New York originally and my sister went to school in Northeastern; I love Bean Town!

Coming out for work I presume?

Depending on where you work and what you would accept for a commute, Los Gatos could be an option too...you have a lot of options in this area all with great schools!

Well, welcome. If you have any questions, please feel free to email or call anytime!

Thanks!
-Matt

650-223-9343
matt@remaxbayarea.com
http://www.remaxbayarea.com
CA DRE#1815607
0 votes Thank Flag Link Thu Dec 20, 2012
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