Property Q&A in Fremont>Question Details

Saks, Home Buyer in Fremont, CA

Is this home in mission over-priced 40112 Santa Teresa Cmn Fremont, CA 94539 at 469,000$ ?

Asked by Saks, Fremont, CA Thu May 14, 2009

I have been planning to submit offer for this home in Mission.But I feel the home is over-ppriced for the current market ?whats your opinion

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Responding to MSbuyer....I am not sure what basis you have to make the comment not to buy Gomes since it will be rezoned out from MSJ in a few years. I have attended many public forums (before and after the rumors broke out) and never once has the Board mentioned they are considering let alone put into plans (or in the works). In fact, they have restated many times in these public forums that there are no plans to rezone any schools in MSJH. The rumors started because an outside consultants hired by FUSD suggested boundary changes as one of the options to ease the overcrowded situation for ALL Fremont schools and when it came to the MS area they used Gomes as an "example" in the report. This "example" immediately caused a great commotion in the Gomes community (just the mere mentioning of a school name). The School Board looked into all the options listed by the consultants and did not recommend boundary change for any overcrowded schools. The School Board recognized the commotion caused and immediately took out the name "Gomes" from the example from the outside consultant's report.These rumors do very little but hurt the Gomes community. I would not want to be in their shoes. I think the only remedy is time, and hopefuly one day these rumors will die out.
0 votes Thank Flag Link Thu Nov 18, 2010
Sounds like Gomes is not the best combination of price and location. I would quibble with the notion of private school beats owning a home in a good school district. The idea of a house in a good district is that you take the extra cost of a good district and use the tuition not spent to make up the difference. This way at the end of 12 years you have both a good education and a home in a good area. Otherwise you will have a good education and not such a good home. Resale value is key. In my area, most homes are selling close to their prices before the meltdown in prices. Homes in not so good areas are still very troubled. Homes where I used to live in Richmond are still worth 50% of their 2000 asking price! So a good school district is a good buffer against price depreciation.

Everyone's situation is different, and maybe the numbers work out better for lower quality home/private education if you find a good elementary school and only have to pay for private school for grades 7-12.

Look at your situation and make the best decision for your family
0 votes Thank Flag Link Sat May 22, 2010
Save money by sending your children to a private school. In the long run it will be cheaper and less worry where your kids will end up. There are cheaper places to live in Fremont.
Brad Hatton
0 votes Thank Flag Link Thu May 20, 2010
Gomes will be out of Mission School district in a few years. DO NOT BUY in Gomes if you want the mission schools.
0 votes Thank Flag Link Wed May 19, 2010
absolutely expensive! I checked this place and if gomes district is reshaped this old town house is history
rent there is abt 16 to 1700 for a 2 bedroom fyi..
0 votes Thank Flag Link Thu Jan 28, 2010
It's your agents job to run comps for you of the price of recent solds, and alternatives to consider. Then it's up to you to decide what it's worth to you.

"Value is in the eye of the beholder".

Good Luck!
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0 votes Thank Flag Link Thu May 14, 2009
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