Future resale value for 19106 Vineyard Ln Saratoga, CA 95070

Asked by Palamrinder, Campbell, CA Sat May 21, 2011

I am interested in this property (MLS/ID:

81118661) in Saratoga and would like to kno the resale potential for this in next 4-5 years. The HOA is a little steep. Will it minimize people intersted in it.

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5
April Tavares, Agent, Campbell, CA
Sun May 22, 2011
Lea Ann is right in terms of debt service, but what is your end goal. Your goal factors into this decision. The active homes in this complex range from $235,000 to $659,000. However, if your goal is to purchase within Saratoga and your price range is somewhere within the $235K - $659k range, your other purchase options will be mostly limited to townhomes/condos. If you are at the high end of that range (and add the $100k of debt service), there are a couple of single family home options, but they are within the Moreland School District. There are other townhome/condo units availalbe within Saratoga, that give you Saratoga schools, but you are sacrificing square footage. The HOA fees of these other units are also within the same range as Vineyard. You need to ask this question of your Realtor. They will be able to provide you with a more complete answer as they will understand what you are trying to accomplish. Vineyard Lane homes do not feed into Saratoga schools, but they do feed into Moreland School District and Country Lane Elementary. Country Lane Elementary has a current API of 918 which is also considered to be very desirable by many.

All the best,
April Tavares, GRI, ASP
REALTOR, DRE LIcense #01742179
Santa Clara County Market Trend Reports: http://april.rereport.com/market_reports
Web Reference:  http://www.AprilTavares.com
0 votes
Palamrinder, Home Buyer, Campbell, CA
Sat May 21, 2011
Hi All
Thanks for your answers. Lea Ann you are right that you can add $100k which will be equivalent for this high HOA.
0 votes
Nina Daruwal…, Agent, Cupertino, CA
Sat May 21, 2011
Hi Palamrinder,

The last one with the same sqft there sold in 2008 for $500K, in 2008, slightly bigger one 24sqft more Sold for $428k....there are so many different sqft Units in that complex, its hard to predict where it will go......no one has a crystal ball to assure you of resale potential for appreciation....and to what extent, ......and one must anyway hold onto a property for 5-7 years for not taking a loss on it and break even or have some appreciation after having paid Buying and Selling Costs......What is the purpose of your purchase? FOr personal Use, or as an investment Property........Yes, high HOA fees will lessen the number of people interested in it.
Do contact me if you want to discuss things in detail, re this property or others...
Be well and safe, regards,
Nina Daruwalla
DRE#01712223
Cldwell Banker, Cupertino
Web Reference:  http://www.ninadaruwalla.com
0 votes
Lea Ann Hern…, Agent, Saratoga, CA
Sat May 21, 2011
Most important for resale value (whether or not you yourself have children) is school district. Even though this is Saratoga, it is NOT in Saratoga school district, but in Campbell school district. If resale value and rental value is important, check for Saratoga schools. Also, savvy buyers know that HOA dues of $500 per month will be the equivalent of debt service for $100K more in loan balance; therefore possibly equivalent to a single family home purchase in other acceptable locations....not Saratoga, though. Good luck.
Lea Ann
0 votes
Andrea Wince…, Agent, Milpitas, CA
Sat May 21, 2011
It can be okay (and possibly a good thing) if the HOA fee is a little high. Too many HOA's are under-funded. A reason for litigation. Examine their financials, especially bank statements and reserve studies to be sure. This procedure is part of your due diligence that a good agent representing you will disclose. Please contact me through my Trulia profile if you would like me to email you a complimentary neighborhood valuation report. Kind regards ~ Andrea
0 votes
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