I am not a realtor. My wife and I just went into contract with one of the unit at Fusion. I just want to give you our side of the reason so you can better make decision.
We used to live in a house in Saratoga which is a far better community and has great schools. The value appreciated a lot when we sold it not long ago (I know it is not the beter time to sell)
We choose Fusion because
1. Our child wend to college so we are empty nester
2. We lived in bay area for more thatn twenty years and we live the convenience of the location. We looked new houses in other locations
3. We believe the property in Sunnyvale will at least keep apprecating even though it is not going to appreciate as much as locations like Cupertino, Saratoga, Los Altos and etc.
4. It is a great time to get into the market as housing price is generally depressed
5. this location is easy for signle professionals to live and work so no problem for future rental if we choose to do so
6. As we getting towards retirement, Condo give us good advantage that we don't have to a lot of maintainence work. Good luck with a large yard and swimming pool
I hope this can give you some data for making a good decision.
Generally speaking, the golden rule of thumb always holds true regarding property value: location, location, location! Of course, you may have your own priorities now, so I recommend: come up with some top criteria you are looking for in a property, e.g. is enjoying newer condition/amenities more important than value appreciation within next 5 to 10 years? In fact, 94085 Sunnyvale is a quite decent area (depending on which other zip codes you're comparing to). One advantage, as you mentioned, is its close proximity to tech-hub area of Santa Clara where hundreds of IT firms are situated; so from investment perspective, in the next 5 - 10 years, if you were to upgrade to a single house while renting this fusion unit out, you shall easily find a good IT tenant :)
It all comes down to affordability in your price range for a new home with schools and great locale.
Fusion is new, close to high tech and with a great address, furthermore, the property will appreciate
Nicely down the road, as there are always buyers who are looking for proximity to work, and are Likely to be single or double income with no kids.
If you want schools and locale and a new home, then you have to Up the Purchase Price, if you want
A reasonable Return on Investment; Fusion will be just fine.
I agree with Greg & Sheila remember what you don't like about the area and schools is what future buyers will not like. What you need to do is really take your time with a realtor and your search to get the kind of home,townhome you really like. Chances are that when you go to sell it buyers will like it too.
Feel free to contact me with any questions.
At your service,
CDPE-Certified Distressed Property Expert