Home Buying in 94041>Question Details

Weelo99, Home Buyer in Mountain View, CA

How is the castro street area of mountain view? Nice new development there called Wild Orchid, but wondering

Asked by Weelo99, Mountain View, CA Thu Jun 12, 2008

if it will hold its value.

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Mountain View and the areas around it are pretty much immune from the foreclosures and other problems plaguing the housing market. Well priced homes still sell quickly, and homes near the downtown are very desirable. Downtown Mountain View has shopping, restaurants, and both CalTrain and Light Rail. Plus, a very popular Farmer's Market on the weekends. Anything you purchase in the area will hold it's value.
0 votes Thank Flag Link Fri Jun 13, 2008
Hi All,

Thanks a lot for all of your insights. I spent more time around the property and I do like the location.
It seems to be far enough from 237, central, and 85, that I dont hear the noise.

Yes... no yard :(. I would have to rely on outsourced yards (e.g. Landels elementary school
and stevens creek trail). That neighborhood, old mountain view, in between calderon and
castro seems to be pretty pedestrian friendly. I have seen young couples, mothers with
strollers, and average folk walking about in the evening.

In Mtn View, the other option in the roughly high 8s to mid 9s range seems to be a house in the Monta
Loma neighborhood. Monta Loma Elementary and Landels seem to be about the same
quality. Anything with Bubb or Huff is too pricey!

Weelo99
0 votes Thank Flag Link Tue Jun 24, 2008
Weelo99,

It should holds its value fairly well because: (1) It's new - Many buyers today want "new" properties, (2) pretty good location relative to downtown Mountain View and Castro street, (3) floorplans are O.K..
It won't hold its value that well because... (1) It's new - newer construction tends to not be as good as older homes (my opinion). Also, new construction becomes old construction real quick, (2) no real yard (I hope you like the inside alot), (3) traffic noise from surrounding 85/central expressway, (4) Not so great k-8 schools.
I think the real question you need to ask yourself is "what are your other options in the same price range?" Only you can decide!
0 votes Thank Flag Link Mon Jun 23, 2008
I've seen the Wild Orchid homes and they are very nice. But they don't have much of a yard. You just have to realize the kind of things will affect the resale value and marketability of the home in the future. The value will hold as long as there's demand and people who can afford those homes. The downtown area is quite popular because of close proximity to restaurants and is a good choice.
0 votes Thank Flag Link Thu Jun 19, 2008
Hello,

Mountain View is an attractive location with upside potentials. Long term, you'll be pleased with the appreciation you'll gain by buying in Mountain View.

Happy Shopping,
Ali Moein
(408)439-5748
0 votes Thank Flag Link Fri Jun 13, 2008
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