H.R. 3648: Mortgage Forgiveness Debt Relief Act of 2007

President Bush signed into law a new measure giving tax breaks to homeowners who have mortgage debt forgiven. Under preexisting law, the debt forgiven by a lender, such as for short sales and refinances, was generally taxable to the borrower as debt discharge income. With the passage of the Mortgage Forgiveness Debt Relief Act of 2007, a taxpayer does not have to pay federal income tax on debt forgiven for a loan secured by a qualified principal residence. This tax break applies to debts discharged from January 1, 2007 to December 31, 2009. Qualified principal residence indebtedness is debt incurred in acquiring, constructing, or substantially improving the residence (up to $2 million for refinances). For purposes of calculating capital gains, any debts discharged excluded from income under the new law must be subtracted from the basis of the taxpayer’s principal residence (but not below zero). However, taxpayers may generally exclude from capital gains income up to $250,000 (or $500,000 for married couples filing jointly) for properties owned and used as their principal residence for at least two of the last five years. For a copy of the Mortgage Forgiveness Debt Relief Act of 2007, go to http://www.govtrack.us/congress/bill.xpd?bill=h110-3648 With the new tax break for mortgage debt forgiveness law the government is limiting the capital gains exclusion. Currently, an individual could have lived in a principal residence for two years, and sell using the exclusion, move into their vacation home for two years, and sell using the exclusion, with the end result being that you could have a tax free gain of $500,000 THREE TIMES in six years. Now, for properties acquired and used as a second home starting next year, and later converted to principal residence for a time and then sold, only the period when the property was used as a principal residence will count toward the capital-gain-exclusion computation. The amount of the gain that’s proportional to the period when it was not a principal residence would be taxable.

Popularity: 97% [?]

Historically, Real Estate Has Been a Solid, Long Term Investment. Looking at the last 40 years of real estate in California, we have seen very few times in which real estate values have dropped. In fact, according to the California Association of Realtors, since 1970 the real estate market in California has only dropped seven times, six times under 3.7% and only once at 4.5%. On the contrary, our market has seen remarkable growth. In 1970, the median cost of a singlefamily home in California was $26,000. Today, 37 years later, homes have seen a 2,165% increase, now selling for $588,970.

Historically, Santa Clara County Has Enjoyed Even Stronger Success. According to the California Association of Realtors, in 1989 the median price of a single-family home in Santa Clara County was $246,847. Today, just 18 years later, that same single family home is selling for $860,000 - a 248% increase. Certainly in recent months we have seen a shift from a seller’s market to a buyer’s market but that switch was necessary to continue a healthy flow of exchange amongst buyers and sellers. The bottom line is that our economy couldn’t maintain the double digit increases we saw in home prices in 2003 and 2004 without seeing a shift. If we continued to see an upstream of that magnitude we would nearly eliminate the first-time home buyers which could potentially drastically hinder our economy. Shifts in our market are what keep our economy running smoothly.Housing Crisis or Opportunity? Only history will show.

Is Now the Time to Buy? Now may be the time to buy: mortgage rates remain low (certainly by historical standards), prices have stabilized and there is a large selection of homes to choose from. Certainly it makes a more exciting news story for journalists to dwell on the negative, but for smart consumers it is definitely more economically advantageous to seize opportunities as they present themselves. And this market may offer some tremendous opportunities. While no one can predict the future, if history is any indication, then real estate over the long run will continue to be a solid investment. And that’s good news for everyone - buyers, sellers and the real estate industry. If you are ready to make an informed and educated decision about real estate, please contact me today. I would be happy to help you.

http://www.realtoramir.com/

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The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Popularity: 34% [?]

This part of west San Jose is a prime choice for many buyer’s who want to live in the Cupertino School District but want more house for their money. Homes in this area are much cheaper than Cupertino Real Estate.  The public elementry school for this home is Country Lane Elementary of Moreland Elementary school district.  The public elementry school for this home is Prospect High School of  Campbell Union High School district.

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CUPERTINO CA REAL ESTATE MARKET UPDATE:

There are 79 Single family homes available in Cupertino with an average price of $1,457,000. The minimum price home in CUPERTINO REAL ESTATE IS $749,000 and highest priced home in CUPERTINO REAL ESTATE IS $4,995,000.

http://www.realtoramir.com/

For instant MLS search click here. 

For an automated MLS search click here. 

The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Here are the most reacent active, pending and sold listings in this area of SAN JOSE REAL ESTATE. 

Status  Street Address  City Orig List Price Sale Price  Beds  Baths  Bldg SqFt
            
1-Active , 4645 WINDING WY , SAN JOSE REAL ESTATE $899,950  ( 4 , 2 ) 1568
4-PendingDoNotShow , 799 BROADMOOR DR , SAN JOSE REAL ESTATE $829,000  ( 3 , 2 ) 1147
5-Sold , 4580 CATALINA DR , SAN JOSE REAL ESTATE $839,000 $875,000 ( 3 , 2 ) 1452
3-PendingWithoutRelease , 5080 ENGLEWOOD DR , SAN JOSE REAL ESTATE $945,000  ( 4 , 2 ) 1585
1-Active , 855 SARATOGA AV , SAN JOSE REAL ESTATE $895,000  ( 3 , 2 ) 1107
5-Sold , 4703 BLANCO DR , SAN JOSE REAL ESTATE $820,000 $850,000 ( 3 , 2 ) 1645
3-PendingWithoutRelease , 4454 VENICE WY , SAN JOSE REAL ESTATE $849,999  ( 3 , 2 ) 1404
5-Sold , 4738 ELMHURST DR , SAN JOSE REAL ESTATE $739,000 $745,000 ( 3 , 2 ) 1107
5-Sold , 5194 RHONDA DR , SAN JOSE REAL ESTATE $699,000 $860,000 ( 3 , 2 ) 1608
5-Sold , 5263 LASSEN AV , SAN JOSE REAL ESTATE $875,000 $875,000 ( 3 , 2 ) 1544
5-Sold , 1010 DEL CAMBRE DR , SAN JOSE REAL ESTATE $928,800 $950,000 ( 5 , 3 ) 2042
5-Sold , 5131 COUNTRY LN , SAN JOSE REAL ESTATE $699,950 $730,000 ( 3 , 2 ) 1383
5-Sold , 4388 STRAWBERRY PARK DR , SAN JOSE REAL ESTATE $714,950 $715,000 ( 3 , 2 ) 1107
5-Sold , 1151 CORDELIA AV , SAN JOSE REAL ESTATE $1,150,000 $1,080,000 ( 3 , 3 ) 2009
5-Sold , 1132 BEAUMONT DR , SAN JOSE REAL ESTATE $879,000 $885,000 ( 4 , 2 ) 1607
5-Sold , 1205 MARILLA AV , SAN JOSE REAL ESTATE $898,888 $960,000 ( 3 , 3 ) 1659
5-Sold , 5162 PARKFIELD AV , SAN JOSE REAL ESTATE $769,000 $771,000 ( 3 , 2 ) 1323
5-Sold , 1104 DEL CAMBRE DR , SAN JOSE REAL ESTATE $958,000 $970,000 ( 4 , 3 ) 1880
5-Sold , 5066 DOYLE RD , SAN JOSE REAL ESTATE $2,250,000 $2,200,000 ( 4 , 4+ ) 4227
5-Sold , 953 AMSTUTZ DR , SAN JOSE REAL ESTATE $989,000 $1,019,000 ( 4 , 2 1/2 ) 2090
5-Sold , 5143 SHADY AV , SAN JOSE REAL ESTATE $938,888 $985,000 ( 3 , 2 ) 1548
5-Sold , 1477 GREENE DR , SAN JOSE REAL ESTATE $925,000 $980,000 ( 4 , 2 ) 1758
5-Sold , 4696 CLARENDON DR , SAN JOSE REAL ESTATE $874,950 $950,000 ( 3 , 2 ) 1365
5-Sold , 719 BROADMOOR DR , SAN JOSE REAL ESTATE $775,000 $815,000 ( 3 , 2 ) 1324
5-Sold , 1489 ENGLISH DR , SAN JOSE REAL ESTATE $949,900 $949,000 ( 3 , 2 ) 1441
5-Sold , 1509 CRESPI DR , SAN JOSE REAL ESTATE $858,888 $830,000 ( 3 , 2 ) 1433
5-Sold , 5129 RHONDA DR , SAN JOSE REAL ESTATE $998,888 $950,000 ( 3 , 2 ) 1400
5-Sold , 1662 ENGLISH CT , SAN JOSE REAL ESTATE $995,000 $924,000 ( 3 , 2 ) 1441
5-Sold , 4653 BORINA DR , SAN JOSE REAL ESTATE $799,000 $815,000 ( 3 , 2 ) 1322
5-Sold , 984 SWEET AV , SAN JOSE REAL ESTATE $895,000 $820,000 ( 3 , 2 ) 1458
5-Sold , 1110 DEL CAMBRE DR , SAN JOSE REAL ESTATE $920,000 $950,000 ( 4 , 2 ) 1607
5-Sold , 4484 PIPER DR , SAN JOSE REAL ESTATE $799,999 $930,000 ( 3 , 2 ) 1500
5-Sold , 4230 BELVEDERE DR , SAN JOSE REAL ESTATE $719,000 $715,000 ( 3 , 2 ) 1107
5-Sold , 1535 TERESITA DR , SAN JOSE REAL ESTATE $879,000 $975,000 ( 4 , 2 ) 1570
5-Sold , 4566 MOORPARK AV , SAN JOSE REAL ESTATE $639,000 $700,000 ( 3 , 2 ) 1107
5-Sold , 4626 CATALINA DR , SAN JOSE REAL ESTATE $890,000 $870,000 ( 4 , 3 ) 1704
5-Sold , 4886 BLUE RIDGE DR , SAN JOSE REAL ESTATE $868,000 $924,451 ( 3 , 2 ) 1400
5-Sold , 4880 BELA DR , SAN JOSE REAL ESTATE $749,000 $834,000 ( 3 , 2 ) 1146
5-Sold , 1220 PRISCILLA DR , SAN JOSE REAL ESTATE $790,000 $795,100 ( 3 , 2 ) 1346
5-Sold , 912 CERA DR , SAN JOSE REAL ESTATE $799,950 $835,000 ( 3 , 2 ) 1371
5-Sold , 4656 CLARENDON DR , SAN JOSE REAL ESTATE $799,000 $808,000 ( 3 , 2 ) 1365
5-Sold , 4984 RHONDA DR , SAN JOSE REAL ESTATE $879,950 $960,000 ( 4 , 2 ) 1585
5-Sold , 1561 LYLE DR , SAN JOSE REAL ESTATE $858,800 $959,680 ( 3 , 2 ) 1280
5-Sold , 4536 WINDING WY , SAN JOSE REAL ESTATE $888,000 $900,000 ( 4 , 2 ) 1568
5-Sold , 4696 ELMHURST DR , SAN JOSE REAL ESTATE $675,000 $720,000 ( 3 , 2 ) 1226
5-Sold , 1080 BEAUMONT DR , SAN JOSE REAL ESTATE $849,950 $850,000 ( 4 , 2 ) 1683
5-Sold , 4668 STRAWBERRY PARK DR , SAN JOSE REAL ESTATE $679,950 $730,000 ( 3 , 2 ) 1107
5-Sold , 1117 DEL CAMBRE DR , SAN JOSE REAL ESTATE $849,950 $913,000 ( 4 , 2 ) 1607
5-Sold , 1502 CONSTANSO WY , SAN JOSE REAL ESTATE $876,000 $869,000 ( 3 , 2 ) 1780
5-Sold , 847 PINEWOOD DR , SAN JOSE REAL ESTATE $689,950 $680,000 ( 3 , 1 ) 1100
5-Sold , 952 ROCKDALE DR , SAN JOSE REAL ESTATE $739,000 $739,000 ( 3 , 2 ) 1382
5-Sold , 4476 PIPER DR , SAN JOSE REAL ESTATE $785,000 $841,500 ( 3 , 2 ) 1333
5-Sold , 4773 BLANCO DR , SAN JOSE REAL ESTATE $849,950 $905,000 ( 3 , 2 ) 1607
5-Sold , 4443 VENICE WY , SAN JOSE REAL ESTATE $829,888 $829,888 ( 3 , 2 ) 1476
5-Sold , 4654 MOORPARK AV , SAN JOSE REAL ESTATE $629,000 $650,000 ( 3 , 2 ) 1107
5-Sold , 1205 HAPPY VALLEY AV , SAN JOSE REAL ESTATE $1,495,000 $1,385,000 ( 4 , 4+ ) 2879
5-Sold , 4578 ELMHURST DR , SAN JOSE REAL ESTATE $775,000 $790,000 ( 3 , 2 ) 1666
5-Sold , 4257 BORINA DR , SAN JOSE REAL ESTATE $698,888 $715,000 ( 3 , 2 ) 1270
5-Sold , 830 Rockwood DR , SAN JOSE REAL ESTATE $810,000 $780,000 ( 3 , 2 ) 1799
5-Sold , 4514 PIPER DR , SAN JOSE REAL ESTATE $789,000 $775,000 ( 3 , 2 ) 1260
5-Sold , 1030 MARILLA AV , SAN JOSE REAL ESTATE $849,888 $830,000 ( 3 , 2 ) 1660
5-Sold , 5212 EILEEN DR , SAN JOSE REAL ESTATE $999,000 $1,010,000 ( 4 , 2 1/2 ) 2091
5-Sold , 860 ROCKWOOD DR , SAN JOSE REAL ESTATE $745,000 $745,000 ( 3 , 2 ) 1547
5-Sold , 1472 FERGUSON WY , SAN JOSE REAL ESTATE $739,000 $725,000 ( 3 , 2 ) 1075
5-Sold , 4655 APPLEWOOD DR , SAN JOSE REAL ESTATE $775,000 $790,000 ( 3 , 2 ) 1395
5-Sold , 4758 WILLIAMS RD , SAN JOSE REAL ESTATE $720,000 $695,100 ( 4 , 2 ) 1511
5-Sold , 789 BROADMOOR DR , SAN JOSE REAL ESTATE $698,000 $703,000 ( 3 , 2 ) 1226
5-Sold , 4373 VENICE WY , SAN JOSE REAL ESTATE $928,950 $772,719 ( 3 , 2 ) 1560
5-Sold , 4386 MANZANITA DR , SAN JOSE REAL ESTATE $729,900 $715,000 ( 3 , 2 ) 1107
5-Sold , 4657 BLACKFORD AV , SAN JOSE REAL ESTATE $775,000 $775,000 ( 3 , 2 ) 1507
5-Sold , 722 LIVE OAK WY , SAN JOSE REAL ESTATE $669,000 $663,000 ( 3 , 2 ) 1107
5-Sold , 1482 CAMEO DR , SAN JOSE REAL ESTATE $799,000 $769,000 ( 3 , 2 ) 1234
5-Sold , 5231 LASSEN AV , SAN JOSE REAL ESTATE $799,000 $770,000 ( 3 , 2 ) 1290
5-Sold , 996 AMSTUTZ DR , SAN JOSE REAL ESTATE $775,000 $762,500 ( 4 , 2 ) 1511
5-Sold , 4588 ELMHURST DR , SAN JOSE REAL ESTATE $838,888 $790,000 ( 3 , 3 ) 1675
5-Sold , 821 AURORA AV , SAN JOSE REAL ESTATE $699,000 $695,000 ( 3 , 1 ) 1100
5-Sold , 1601 LYLE DR , SAN JOSE REAL ESTATE $899,950 $818,000 ( 3 , 2 ) 1441
5-Sold , 4335 BELVEDERE DR , SAN JOSE REAL ESTATE $710,000 $665,000 ( 3 , 2 ) 1107
5-Sold , 787 LIVE OAK WY , SAN JOSE REAL ESTATE $759,000 $760,000 ( 3 , 2 ) 1226
5-Sold , 756 BROADMOOR DR , SAN JOSE REAL ESTATE $699,000 $665,000 ( 3 , 2 ) 1107

Popularity: 50% [?]

The single family home1165 FAIRFORD WY, San Jose 95129 just closed escrow for $ 1,164,000. This represents a 6.9% increase over the asking price. This neighborhood is one of the most popular neighborhoods in Cupertino Real Estate market. Even though the address is San Jose, the public schools for this home are:

Elem: Nelson S. Dilworth Elementary/ Cupertino Union School
Middle: Joaquin Miller Middle
High: Lynbrook High / Fremont Union High
 

Sale Prices
Minimum: $650,000.00 
Average: $1,231,409.00 
Median: $1,150,000.00 
Maximum:  $2,860,000.00  

List Prices  
Minimum: $3,000.00 
Average: $1,301,001.00 
Median: $1,198,888.00 
Maximum: $4,995,000.00 

The most recent 100 Single Family home transactions in West San Jose and Cupertino Real Estate market are as follow:

Status  Street Address  Orig List Price  Sale Price  Beds  Baths  Bldg SqFt  Lot Size  Age CDOM City 
                   
5-Sold , 1165 FAIRFORD WY , $1,090,000 => $1,164,000 ( 3 , 2 ) 1811 , 5663   6 San Jose  Real Estate
1-Active , 10201 AMELIA CT , $1,175,000 =>  ( 3 , 1 1/2 ) 1481 , 10890  60 6 Cupertino  Real Estate
5-Sold , 18745 LOREE AV , $775,000 => $710,000 ( 3 , 2 ) 1278 , 5227   68 Cupertino  Real Estate
1-Active , 10370 STERN AV , $1,450,000 =>  ( 4 , 3 1/2 ) 2457 , 5568   142 Cupertino  Real Estate
5-Sold , 7564 SHADOWHILL LN , $998,000 => $1,035,000 ( 3 , 2 ) 1190 , 5662   12 Cupertino  Real Estate
1-Active , 11518 MURANO CI , $1,249,000 =>  ( 3 , 2 1/2 ) 1788 , 1308   34 Cupertino  Real Estate
1-Active , 7548 BOLLINGER RD , $1,098,888 =>  ( 4 , 2 1/2 ) 1412 , 6500   31 Cupertino  Real Estate
1-Active , 1195 MILLER AV , $1,059,999 =>  ( 3 , 2 ) 1601 , 5662   28 San Jose  Real Estate
1-Active , 5080 ENGLEWOOD DR , $945,000 =>  ( 4 , 2 ) 1585 , 5662  48 23 San Jose  Real Estate
1-Active , 1467 TARTARIAN WY , $1,675,000 =>  ( 5 , 3 ) 3277 , 6000  22 20 San Jose  Real Estate
1-Active , 10540 WUNDERLICH DR , $788,000 =>  ( 3 , 1 ) 1006 , 6098  54 13 Cupertino  Real Estate
1-Active , 22560 KINST CT , $896,500 =>  ( 3 , 2 1/2 ) 1655 , 1742  19 9 Cupertino  Real Estate
3-PendingWithoutRelease , 21897 SHATTUCK DR , $1,350,000 =>  ( 4 , 3 ) 2119 , 7405  39 8 Cupertino  Real Estate
1-Active , 7635 ORANGE BLOSSOM DR , $1,626,000 =>  ( 4 , 3 ) 2257 , 6000  0 3 Cupertino  Real Estate
1-Active , 6072 RAINBOW DR , $1,049,000 =>  ( 4 , 2 ) 1607 , 6500  43 2 San Jose  Real Estate
1-Active , 20725 ACADIA CT , $1,298,000 =>  ( 3 , 2 ) 1845 , 7405  28 3 Cupertino  Real Estate
1-Active , 1590 DEERFIELD DR , $1,060,000 =>  ( 4 , 2 1/2 ) 1479 , 5662  45 1 San Jose  Real Estate
1-Active , 519 WAGMAN DR , $938,000 =>  ( 4 , 2 ) 1655 , 5662  42 1 San Jose  Real Estate
1-Active , 6832 DARTMOOR WY , $969,950 =>  ( 3 , 2 ) 1300 , 5662  49 1 San Jose  Real Estate
1-Active , 1053 JACQUELINE WY , $1,599,999 =>  ( 4 , 3 1/2 ) 2500 , 6969  51 20 San Jose  Real Estate
5-Sold , 1174 ELMSFORD DR , $1,348,888 => $1,248,980 ( 4 , 2 1/2 ) 2086 , 5662   30 Cupertino  Real Estate
1-Active , 21988 MCCLELLAN RD , $2,528,000 =>  ( 4 , 2 ) 916 , 22641   44 Cupertino  Real Estate
1-Active , 5621 ORA ST , $1,399,000 =>  ( 5 , 2 1/2 ) 2156 , 6098   45 San Jose  Real Estate
1-Active , 1282 POPPY WY , $1,998,000 =>  ( 4 , 3 1/2 ) 3012 , 7405  2 22 Cupertino  Real Estate
1-Active , 20730 DUNBAR DR , $1,688,000 =>  ( 5 , 4+ ) 3141 , 9125  13 49 Cupertino  Real Estate
4-PendingDoNotShow , 20960 GARDEN GATE DR , $2,048,000 =>  ( 5 , 4+ ) 3659 , 9291  0 13 Cupertino  Real Estate
1-Active , 4732 CASTLEWOOD DR , $886,000 =>  ( 3 , 2 ) 1456 , 5662  46 13 San Jose  Real Estate
1-Active , 7895 FIESTA LN , $1,288,000 =>  ( 3 , 4+ ) 2017 , 5662  47 10 Cupertino  Real Estate
1-Active , 10700 MERRIMAN RD , $1,999,000 =>  ( 6+ , 4+ ) 2765 , 10890  38 7 Cupertino  Real Estate
1-Active , 20925 JOLLYMAN LN , $1,898,000 =>  ( 5 , 3 1/2 ) 2873 , 7370  0 6 Cupertino  Real Estate
1-Active , 15681 MONTEBELLO RD , $3,700,000 =>  ( 4 , 4+ ) 0 , 2357902   168 Cupertino  Real Estate
1-Active , 20338 VIA PORTOFINO , $1,298,000 =>  ( 5 , 3 ) 2356 , 4791  11 58 Cupertino  Real Estate
3-PendingWithoutRelease , 10237 PRADO VISTA AV , $1,212,000 =>  ( 3 , 1 ) 1080 , 11761   7 Cupertino  Real Estate
4-PendingDoNotShow , 4580 CATALINA DR , $839,000 =>  ( 3 , 2 ) 1452 , 6534  50 7 San Jose  Real Estate
1-Active , 21885 OAKVIEW LN , $1,078,000 =>  ( 3 , 2 ) 1100 , 10625  52 9 Cupertino  Real Estate
1-Active , 1104 HYDE AV , $1,190,000 =>  ( 4 , 2 ) 1721 , 6969  41 22 San Jose  Real Estate
1-Active , 799 BROADMOOR DR , $829,000 =>  ( 3 , 2 ) 1147 , 7700  52 6 San Jose  Real Estate
4-PendingDoNotShow , 21912 ALMADEN AV , $1,360,000 =>  ( 3 , 2 ) 1746 , 4792   100 Cupertino  Real Estate
4-PendingDoNotShow , 10525 METEOR PL , $1,250,000 =>  ( 3 , 2 ) 1852 , 8276   19 Cupertino  Real Estate
1-Active , 10210 JOHNSON AV , $1,249,888 =>  ( 3 , 3 ) 2293 , 5100  0 23 Cupertino  Real Estate
1-Active , 1121 DANBURY DR , $1,075,000 =>  ( 6+ , 3 ) 1792 , 6534   33 San Jose  Real Estate
4-PendingDoNotShow , 1598 PROVINCETOWN DR , $1,188,000 =>  ( 4 , 2 1/2 ) 2297 , 6534  46 10 San Jose  Real Estate
1-Active , 22366 AINSWORTH DR , $1,300,000 =>  ( 3 , 2 ) 1451 , 10018  52 9 Cupertino  Real Estate
5-Sold , 10197 FINCH AV , $998,000 => $999,000 ( 3 , 2 ) 1691 , 11761   31 Cupertino  Real Estate
4-PendingDoNotShow , 10405 MORETTI DR , $769,900 =>  ( 3 , 1 ) 1342 , 5568  55 123 Cupertino  Real Estate
4-PendingDoNotShow , 7486 BOLLINGER RD , $998,000 =>  ( 4 , 2 ) 1306 , 5662   8 Cupertino  Real Estate
4-PendingDoNotShow , 1024 LANCER DR , $1,598,000 =>  ( 5 , 4+ ) 2810 , 6300   31 San Jose  Real Estate
5-Sold , 1109 HUNTERSTON PL , $1,088,000 => $1,068,000 ( 3 , 2 ) 1688 , 6098   9 Cupertino  Real Estate
5-Sold , 10273 NORWICH AV , $998,000 => $1,125,000 ( 3 , 2 ) 1550 , 7405   9 Cupertino  Real Estate
1-Active , 10276 ORANGE AV , $1,880,000 =>  ( 4 , 3 1/2 ) 2500 , 6250  0 21 Cupertino  Real Estate
4-PendingDoNotShow , 11101 CHADWICK PL , $1,498,000 =>  ( 4 , 3 ) 2119 , 7405  41 12 Cupertino  Real Estate
1-Active , 20915 JOLLYMAN LN , $1,898,000 =>  ( 5 , 3 1/2 ) 2882 , 7370  0 6 Cupertino  Real Estate
1-Active , 20905 JOLLYMAN LN , $1,898,000 =>  ( 5 , 3 1/2 ) 2873 , 7522  0 6 Cupertino  Real Estate
1-Active , 18868 HUNTER WY , $799,000 =>  ( 3 , 2 ) 932 , 5227   76 Cupertino  Real Estate
4-PendingDoNotShow , 877 LILY AV , $1,482,780 =>  ( 4 , 3 ) 2416 , 10018   58 Cupertino  Real Estate
1-Active , 10336 S STELLING RD , $1,875,800 =>  ( 6+ , 4+ ) 3559 , 11326  9 57 Cupertino  Real Estate
3-PendingWithoutRelease , 4454 VENICE WY , $849,999 =>  ( 3 , 2 ) 1404 , 6534   36 San Jose  Real Estate
3-PendingWithoutRelease , 10475 BEARDON DR , $1,049,000 =>  ( 3 , 1 ) 1008 , 9583  56 16 Cupertino  Real Estate
1-Active , 859 FERNGROVE DR , $829,000 =>  ( 4 , 2 ) 1432 , 6098  47 13 Cupertino  Real Estate
1-Active , 10605 GASCOIGNE DR , $729,000 =>  ( 3 , 1 ) 1048 , 5512   69 Cupertino  Real Estate
5-Sold , 5131 COUNTRY LN , $699,950 => $730,000 ( 3 , 2 ) 1383 , 6098   9 San Jose  Real Estate
5-Sold , 19717 AMHERST DR , $998,000 => $1,060,000 ( 3 , 2 ) 1550 , 6969   9 Cupertino  Real Estate
1-Active , 10376 MENHART LN , $788,000 =>  ( 3 , 2 ) 1078 , 5227   215 Cupertino  Real Estate
1-Active , 10230 YOSHINO PL , $899,900 =>  ( 3 , 2 ) 1688 , 3049  31 23 Cupertino  Real Estate
1-Active , 10066 JUDY AV , $1,880,000 =>  ( 5 , 4+ ) 3588 , 9147   68 Cupertino  Real Estate
5-Sold , 1048 CORVETTE DR , $938,000 => $971,000 ( 3 , 2 ) 1133 , 6098   13 San Jose  Real Estate
1-Active , 855 SARATOGA AV , $895,000 =>  ( 3 , 2 ) 1107 , 7840   29 San Jose  Real Estate
4-PendingDoNotShow , 898 E ESTATES DR , $775,000 =>  ( 3 , 2 ) 1080 , 7405  49 13 Cupertino  Real Estate
1-Active , 10361 MENHART LN , $749,000 =>  ( 2 , 1 ) 814 , 5000  55 21 Cupertino  Real Estate
1-Active , 18781 ARATA WY , $755,000 =>  ( 3 , 3 ) 1430 , 4791  55 20 Cupertino  Real Estate
1-Active , 10370 CALVERT DR , $799,888 =>  ( 3 , 2 ) 1078 , 5586  55 14 Cupertino  Real Estate
1-Active , 10685 STEVENS CANYON RD , $124,900 =>  ( 3 , 2 ) 1650 , 12343  87 10 Cupertino  Real Estate
5-Sold , 10670 LARRY WY , $1,700,000 => $1,650,000 ( 6+ , 4+ ) 3200 , 9147   15 Cupertino  Real Estate
3-PendingWithoutRelease , 6559 CLIFFORD DR , $968,000 =>  ( 4 , 2 ) 1515 , 5662  49 11 Cupertino  Real Estate
4-PendingDoNotShow , 10228 COLD HARBOR AV , $1,249,000 =>  ( 4 , 2 ) 2002 , 7405  39 12 Cupertino  Real Estate
1-Active , 10275 MORETTI DR , $865,000 =>  ( 3 , 2 1/2 ) 1651 , 5662  55 68 Cupertino  Real Estate
4-PendingDoNotShow , 814 BETLIN AV , $1,299,800 =>  ( 5 , 4+ ) 2350 , 6214   31 Cupertino  Real Estate
5-Sold , 10580 SAN LEANDRO AV , $2,250,000 => $2,070,000 ( 5 , 3 1/2 ) 3602 , 9600   1 Cupertino  Real Estate
5-Sold , 10380 STERN AV , $1,398,000 => $1,338,000 ( 4 , 3 ) 1950 , 5310   97 Cupertino  Real Estate
4-PendingDoNotShow , 810 ALDERBROOK LN , $974,950 =>  ( 3 , 2 ) 1201 , 5663   60 Cupertino  Real Estate
5-Sold , 10894 S BLANEY AV , $868,888 => $880,000 ( 3 , 2 ) 1176 , 8712   9 Cupertino  Real Estate
4-PendingDoNotShow , 1528 DANROMAS WY , $998,000 =>  ( 3 , 2 ) 1300 , 5663   49 San Jose  Real Estate
1-Active , 1405 GRAYWOOD DR , $1,670,888 =>  ( 4 , 3 ) 3346 , 5663   59 San Jose  Real Estate
5-Sold , 5194 RHONDA DR , $699,000 => $860,000 ( 3 , 2 ) 1608 , 8137   1 San Jose  Real Estate
1-Active , 10612 FLORA VISTA AV , $2,188,000 =>  ( 6+ , 4+ ) 3483 , 9625   50 Cupertino  Real Estate
4-PendingDoNotShow , 1384 JOHNSON AV , $1,050,000 =>  ( 3 , 2 ) 1247 , 6098   37 San Jose  Real Estate
3-PendingWithoutRelease , 10212 DUBON AV , $1,098,000 =>  ( 3 , 2 ) 1117 , 9148   7 Cupertino  Real Estate
1-Active , 15595 SWISS CREEK LN , $1,749,950 =>  ( 5 , 4+ ) 3641 , 435164   85 Cupertino  Real Estate
4-PendingDoNotShow , 10696 JOHANSEN DR , $788,000 =>  ( 3 , 2 ) 1247 , 5662   15 Cupertino  Real Estate
3-PendingWithoutRelease , 10511 BEARDON DR , $1,149,000 =>  ( 3 , 2 ) 1670 , 10018  56 9 Cupertino  Real Estate
4-PendingDoNotShow , 22245 CUPERTINO RD , $1,250,000 =>  ( 3 , 3 ) 1926 , 9583  32 8 Cupertino  Real Estate
1-Active , 1153 KENTWOOD AV , $1,299,998 =>  ( 4 , 2 ) 2247 , 5662  46 16 Cupertino  Real Estate
5-Sold , 1362 OAK KNOLL DR , $1,395,000 => $1,325,000 ( 4 , 3 ) 2330 , 10560   56 San Jose  Real Estate
5-Sold , 21543 TERRACE DR , $1,329,000 => $1,427,000 ( 3 , 2 ) 1766 , 8276   9 Cupertino  Real Estate
5-Sold , 1010 LANCER DR , $938,000 => $980,000 ( 3 , 2 ) 1133 , 6500   10 San Jose  Real Estate
5-Sold , 4738 ELMHURST DR , $739,000 => $745,000 ( 3 , 2 ) 1107 , 5662   6 San Jose  Real Estate
1-Active , 10642 N PORTAL AV , $1,688,000 =>  ( 3 , 2 ) 2985 , 14250   36 Cupertino  Real Estate
1-Active , 1672 DANROMAS WY , $1,197,000 =>  ( 4 , 2 1/2 ) 2021 , 6098  38 28 San Jose  Real Estate
5-Sold , 5263 LASSEN AV , $875,000 => $875,000 ( 3 , 2 ) 1544 , 5662   9 San Jose  Real Estate
5-Sold , 7582 KIRWIN LN , $1,189,950 => $1,265,000 ( 4 , 2 ) 1568 , 6534   9 Cupertino  Real Estate

Popularity: 50% [?]

Frequently Asked Questions - 1031 Exchange

Q: How long do I have to own a property before I can exchange it?

A: The longer the better. Unfortunately, there is no safe holding period for property to automatically qualify for an exchange. Keep in mind, the property only needs to be “held for investment or productive use in trade or business” for it to be eligible for an exchange. Time of ownership is only one factor the IRS looks at when determining if the property was “held for investment”. Some tax advisors recommend a minimum holding period of one year.

Q: Can I sell my duplex and purchase raw land?

A: Certainly. Properties involved in an exchange need to be “held for investment or productive use in trade or business”. Holding land for its future appreciation would be considered held for investment. Don’t get confused by the “like-kind” requirement. “Like-kind” can be any real property used for business or investment purposes within the U.S.

Q: Can I move into a rental property that was originally purchased as part of a 1031 Exchange?

A: Yes - but not right away. Keep in mind that the IRS will look at your “intent” in determining if your exchange is valid. If the IRS feels your original intent when the property was initially acquired was to use it as a primary residence, you may have your exchange disqualified. To play it safe, rent the property out for as long as possible before moving in.

Q: Do I have to reinvest ALL of my cash (equity)?

A: No. However, any cash (equity) that is not reinvested in real estate will be taxable (and is known as cash boot). The general rule of thumb if you don’t want to pay any taxes is to reinvest all of your cash and purchase a property equal or greater in value.

Q: How long do I have to complete my exchange?

A: 180 days. However, also keep in mind you will be required to identify your potential replacement properties on day 45 of your exchange. Your timeline starts when you close escrow on the property you are selling.

Q: Does my Realtor need to do anything special since I am exchanging?

A: Your Realtor should make sure the sales contract is assignable. Asset Exchange Company can provide the necessary language for the contract.

Q: How do I get my exchange started?

A: Call Asset Exchange Company at 877-471-1031 as soon as you’ve opened escrow. We’ll draft up an exchange agreement and coordinate with you and your escrow company to facilitate the exchange.

Q: What are their fees?

A: $499 for a standard one for one delayed exchange.

Q: Do you handle Reverse 1031 Exchanges?

A: Yes. Asset Exchange Company can accommodate Reverse 1031 Exchanges. We also handle multi-property exchanges, construction and improvement exchanges and reverse construction/improvement exchanges.

Q: Does your company have an Attorney or a CPA on staff?

A: Both. When you work with Asset Exchange Company, your transaction is handled from start to finish by an attorney and a CPA. You can consult with the attorney/CPA as much as necessary at no additional fee.

Q: What distinguishes Asset Exchange Company?

A: Hard work - and we like what we do. Asset Exchange Company wants to be the resource for all your 1031 Exchange needs. We work hard for our clients, we are responsive and we offer great rates.
  
 
 
 
 

Popularity: 31% [?]

Market Flash – October 2007
Time to Take Advantage

The fall season, a time which beckons change, is here.  For eager home buyers and sellers wishing to make a change before the New Year, now is the time to take advantage.  Despite what is being reported in the news media, real estate in Northern California remains a strong investment and the opportunities are out there.  Interest rates remain steady and the demand for well-priced homes remains strong.  Read on. 

Statistics:

Statewide: C.A.R. reported the median resale price of a single-family detached home in California for August as $588,970, a 2% increase over the revised $577,300 median for August 2006. The August 2007 median price increased 0.5% compared with July’s revised $586,030 median price.  Sales activity year-over-year decreased 27.8%, which is less than last August.  Unsold resale inventory in August was sufficient for 11.8 months, compared to – we said 6.8 months a year ago, CAR claims 5.9 months now – of a year earlier. Median number of days till sale was 56, up from 51 a year earlier. 

County Statistics:
 
Region

Median Price Aug 2007

% Change in Median from July 2007  % Change in Median from Aug 2006 % Change in Activity from July 2007 % Change in Sales from Aug 2006

Alameda County $619,000 2.15% 4.03% 29.73% -24.50%
Contra Costa County $575,000 -4.01% -0.52% -3.69% -35.63%
El Dorado County $460,000 -3.16% -4.56% 3.35% n/a
Marin County $899,500 1.35% 12.44% -14.01% -34.33%
Monterey County $587,000 4.82% -3.29% 7.60% n/a
Napa County $597,500 -2.77% -4.40% 21.18% -19.53%
Nevada County $416,000 -3.03% -11.96% 9.91% n/a
Northern California $370,390  -4.05% -6.56% n/a n/a
Placer County $429,000 -0.23% -2.78% -2.78% n/a
Sacramento County $314,000 -3.24% -14.67% n/a n/a
San Benito County $520,500 4.05% -8.68% -27.59% -63.16%
San Francisco Bay $655,000  -1.50% 3.97% -1.67% -24.85%
San Francisco County $822,000 2.88% 7.80% 2.30% -13.75%
San Mateo County $788,000 -1.50% 4.37% 0.41% -16.07%
Santa Clara County $715,000 2.14% 5.15% -0.10% -15.28%
Santa Cruz County $669,500 -7.01% -5.70% -0.50% n/a
Solano County $420,000 1.20% -9.68% 2.45% -42.74%
Sonoma County $505,000 -2.88% -8.18% 0.19% -24.49%
Yolo County $381,500 -5.80% -6.95% 9.94% n/a

Bay Area August median price, at $655,000, is down a sliver for the month, up a respectable 4% for the year. Sales activity is down 25% for the year, about mid-pack.  Alameda and Contra Costa counties are holding their medians well.  They remain two of the more affordable counties in the Bay Area, with lots of attractive entry-level and move-up housing.  Marin County’s huge jump in median, together with the decline in sales of over a third since last year, points to lots of top-end and all-cash purchases.  Monterey County median leads this month’s pack for month-to-month, but activity is down almost 38% for the year.  Napa, Sonoma, and Solano Counties are showing declines in both median and activity.  Some of this may be attributable to a very weak second-home market.  San Benito County’s roughly 9% decline in median puts it near the middle of the pack.  San Francisco County’s median price continues strong and its year-over-year decline in sales, at less than 14%, is actually the smallest dip for this month.  We suspect that cash purchases, and purchases by overseas buyers, are playing a role here as they are in Marin.  Santa Clara County’s median price took a slight leap between March and April and since then has been in the range of $713,000 to $720,000, which may be able to hold in the face of generally weak medians; sales activity is down almost 35% from last year.  Santa Cruz County’s $669,500 median has dropped from last month’s $720,000, near its historic high.

In Sacramento/Capitol Region, Five zip codes – Granite Bay, part of Auburn, and three areas of Sacramento – had improved medians for August.  In sales, Loomis more than doubled year-over-year; Granite Bay was the only community to show an increase in both sales and median; Shingle Springs and parts of Roseville, Sacramento, and Rocklin also posted better sales.  El Dorado and Placer Counties are holding their own while Sacramento County continues to experience declines in its median, both month-over-month and year-over-year. 

Interest Rates*: Thirty-year fixed rates are 6.82% nationally, but edging up on 7% in California; other statewide figures are 6.59% for conforming 15-year fixed and 6.21% for conforming 5/1 ARM. 

Inventory: Still plentiful in many areas throughout Northern California.  As usual, San Francisco and the Peninsula could always benefit from an increased selection of homes. 

Overall Assessment:  Bank on inventory (in many areas), emphasize curb appeal and staging.  Gently discourage bargain-hunting – yes, prices have cooled in many areas, but sellers still want acceptable return on investment.  Understand that qualifying for a loan may be a collaborative process.  Be ready to match property to prospect carefully, especially with overseas or out-of-area buyers.  Remember, and encourage your clients to remember, that a residence is a long-term purchase and that finding the right one is well-rewarded effort.  If you take advantage of available information and experience, you can still make sellers and buyers – and yourself – happy.

*Area interest rates are reported to be as follows:

Sacramento/Tahoe, San Francisco Bay Area and Silicon Valley regions: Princeton Capital reports that as of October 1, 2007, the 30-year fixed with one point is 6.75%, the 15-year fixed with one point is 6.25% and the 5/1 ARM with one point is 6.375%, on non-conforming loans of $500,000. 

Popularity: 23% [?]

Cupertino real estate market and West San Jose real estate market continues to be hot. We still see multiple offers. The supply is much lower than demand.

The property on 1642 S STELLING RD, CUPERITNO sold for 22.2% below asking price. The property on 5194 RHONDA DRIVE, SAN JOSE sold for 23.0% over asking price.

Street Address ,  City Orig List Price - Sale Price    Beds - Baths ,  Bldg SqFt
             
22229 HAMMOND WY ,  Cupertino $3,149,000 - $2,860,000 ( -9.2% ) 5 - 4+ ,  4392
11487 LINDY PL ,  Cupertino $2,395,800 - $2,230,000 ( -6.9% ) 4 - 2 1/2 ,  3980
22031 RAE LN ,  Cupertino $2,350,000 - $2,250,000 ( -4.3% ) 5 - 4+ ,  4727
10580 SAN LEANDRO AV ,  Cupertino $2,250,000 - $2,070,000 ( -8.0% ) 5 - 3 1/2 ,  3602
10670 LARRY WY ,  Cupertino $1,700,000 - $1,650,000 ( -2.9% ) 6+ - 4+ ,  3200
21900 WOODBURY DR ,  Cupertino $1,599,000 - $1,350,000 ( -15.6% ) 3 - 2 ,  1574
22653 WOODRIDGE CT ,  Cupertino $1,498,000 - $1,610,000 ( 7.5% ) 4 - 3 ,  2375
11082 CLARKSTON AV ,  Cupertino $1,468,000 - $1,421,000 ( -3.2% ) 4 - 2 1/2 ,  1944
10895 DRYDEN AV ,  Cupertino $1,450,000 - $1,455,000 ( 0.3% ) 3 - 2 ,  2480
7530 WATERFORD DR ,  Cupertino $1,388,888 - $1,374,750 ( -1.0% ) 5 - 4+ ,  2576
10380 STERN AV ,  Cupertino $1,398,000 - $1,338,000 ( -4.3% ) 4 - 3 ,  1950
21739 TERRACE DR ,  Cupertino $1,350,000 - $1,480,000 ( 9.6% ) 4 - 2 1/2 ,  1890
18460 FARMINGHAM WY ,  Cupertino $1,349,950 - $1,461,000 ( 8.2% ) 4 - 3 ,  2741
21543 TERRACE DR ,  Cupertino $1,329,000 - $1,427,000 ( 7.4% ) 3 - 2 ,  1766
1362 OAK KNOLL DR ,  San Jose $1,395,000 - $1,325,000 ( -5.0% ) 4 - 3 ,  2330
1068 BENTOAK LN ,  San Jose $1,200,000 - $1,325,000 ( 10.4% ) 5 - 2 1/2 ,  2112
912 ROSE BLOSSOM DR ,  Cupertino $1,198,888 - $1,270,000 ( 5.9% ) 4 - 2 ,  1701
7582 KIRWIN LN ,  Cupertino $1,189,950 - $1,265,000 ( 6.3% ) 4 - 2 ,  1568
1151 CORDELIA AV ,  San Jose $1,150,000 - $1,080,000 ( -6.1% ) 3 - 3 ,  2009
10470 GLENVIEW AV ,  Cupertino $1,095,888 - $1,150,000 ( 4.9% ) 3 - 2 ,  1668
20077 LA RODA CT ,  Cupertino $1,089,950 - $1,220,000 ( 11.9% ) 3 - 2 ,  1564
10383 S BLANEY AV ,  Cupertino $1,080,000 - $1,080,000 ( 0.0% ) 4 - 2 ,  1726
7068 CORONADO DR ,  San Jose $1,030,000 - $1,150,000 ( 11.7% ) 4 - 2 ,  1481
22315 RANCHO DEEP CLIFF DR ,  Cupertino $1,025,000 - $1,025,000 ( 0.0% ) 2 - 2 ,  1983
1642 S STELLING RD ,  Cupertino $1,350,000 - $1,050,000 ( -22.2% ) 3 - 2 1/2 ,  1622
7964 WOODLARK WY ,  Cupertino $998,888 - $1,082,000 ( 8.3% ) 3 - 2 ,  1126
19717 AMHERST DR ,  Cupertino $998,000 - $1,060,000 ( 6.2% ) 3 - 2 ,  1550
1168 SCOTLAND DR ,  Cupertino $988,000 - $998,000 ( 1.0% ) 3 - 2 ,  1190
10042 BYRNE AV ,  Cupertino $969,800 - $980,000 ( 1.1% ) 3 - 2 1/2 ,  1616
1048 CORVETTE DR ,  San Jose $938,000 - $971,000 ( 3.5% ) 3 - 2 ,  1133
10460 OAKVILLE AV ,  Cupertino $938,000 -        3 - 2 ,  1374
1010 LANCER DR ,  San Jose $938,000 - $980,000 ( 4.5% ) 3 - 2 ,  1133
1393 STEPHEN WY ,  San Jose $925,000 - $996,000 ( 7.7% ) 3 - 2 ,  1247
22831 STONEBRIDGE ST ,  Cupertino $889,000 - $946,000 ( 6.4% ) 3 - 2 ,  2202
922 BROOKGROVE LN ,  Cupertino $879,000 - $945,000 ( 7.5% ) 4 - 2 ,  1432
5263 LASSEN AV ,  San Jose $875,000 - $875,000 ( 0.0% ) 3 - 2 ,  1544
10894 S BLANEY AV ,  Cupertino $868,888 - $880,000 ( 1.3% ) 3 - 2 ,  1176
10221 PARISH PL ,  Cupertino $868,000 - $886,000 ( 2.1% ) 3 - 2 1/2 ,  1625
20634 GARDENSIDE CI ,  Cupertino $859,950 - $895,000 ( 4.1% ) 3 - 2 1/2 ,  1740
7182 VIA VICO ,  San Jose $848,000 - $850,000 ( 0.2% ) 3 - 2 ,  1296
10160 CALVERT DR ,  Cupertino $797,000 - $760,000 ( -4.6% ) 3 - 2 ,  1562
5043 RIO VISTA AV ,  San Jose $759,888 - $794,000 ( 4.5% ) 3 - 2 ,  1249
4738 ELMHURST DR ,  San Jose $739,000 - $745,000 ( 0.8% ) 3 - 2 ,  1107
21053 RED FIR CT ,  Cupertino $728,888 - $720,000 ( -1.2% ) 3 - 1 1/2 ,  1265
10081 CRAFT DR ,  Cupertino $725,000 - $722,000 ( -0.4% ) 3 - 2 1/2 ,  1596
20488 STEVENS CREEK BL #1503 ,  Cupertino $714,800 - $675,000 ( -5.6% ) 2 - 2 ,  1182
5131 COUNTRY LN ,  San Jose $699,950 - $730,000 ( 4.3% ) 3 - 2 ,  1383
4897 MIRAMAR AV ,  San Jose $699,000 - $650,000 ( -7.0% ) 3 - 2 ,  1193
5194 RHONDA DR ,  San Jose $699,000 - $860,000 ( 23.0% ) 3 - 2 ,  1608
20488 STEVENS CREEK BL #1102 ,  Cupertino $650,000 - $650,000 ( 0.0% ) 2 - 2 ,  1177
4795 LAGO VISTA CI ,  San Jose $649,950 - $670,000 ( 3.1% ) 2 - 2 ,  1350
21084 WHITE FIR CT ,  Cupertino $599,000 - $585,000 ( -2.3% ) 2 - 1 ,  914
20488 STEVENS CREEK BL #1812 ,  Cupertino $568,000 - $562,000 ( -1.1% ) 1 - 1 ,  850
20153 NORTHCREST SQ ,  Cupertino $545,000 - $536,000 ( -1.7% ) 1 - 1 ,  1062

Popularity: 43% [?]

The owner agent of MLS number 754963 is selling his property on 10685 STEVENS CANYON RD, Cupertino 95014. This is a good value Detached Single Family home in Santa Clara County. It has 3 bedrooms and 2 bathrooms. There is about 1650 per Seller on a Lot Size: 12,343 sq ft flag lot. The age of this home is 87 years old and it can be considered a fixer upper. This home is in the wonderful Cupertino schools of Stevens Creek elementry, Kennedy junior high and MontaVista high school. Almost all of the value of this home is in the land. The owner has approved plans for 6,000 sq ft home. There is easy and direct access to highways 280 & 85. Even though the road is a main road the flag lot keeps the home and the yard very quiet. Zillow value for this home is $ 1,129,411 as of 10/01/07.

The average active Properties within on mile of this home are 1542 sq ft at an average price of $ 1,649,000.
Address City List Date Beds Baths SqFt Lot Size List Price 
10148 PRADO VISTA AVE Cupertino 8/14/2007 3 1 1080 0.229 $1,398,888 
21850 EATON PL Cupertino 8/20/2007 4 2.5 1568 0.080 $1,199,888 
21685 OLIVE AVE Cupertino 8/22/2007 3 2 1015 0.120 $1,040,000 
22438 CUPERTINO RD Cupertino 7/31/2007 3 2.5 2450 0.340 $1,498,000 
10170 AMELIA CT Cupertino 6/20/2007 2 1 832 0.150 $990,000 
21851 ALMADEN AVE Cupertino 7/4/2007 3 2 1109 0.228 $1,375,000 
21912 ALMADEN AVE Cupertino 7/30/2007 3 2 1746 0.110 $1,349,950 
21918 LOMITA AVE Cupertino 8/25/2007 2 1 752 0.207 $1,450,000 
11101 CHADWICK PL Cupertino 9/23/2007 4 3 2119 0.170 $1,498,000 
21639 EDWARD WAY Cupertino 9/24/2007 4 2.5 2135 0.140 $1,449,888 
10685 STEVENS CANYON RD Cupertino 10/1/2007 3 2 1650 0.283 $1,249,000 
10276 ORANGE AVE Cupertino 9/20/2007 4 3.5 2500 0.143 $1,880,000 
21988 MCCLELLAN RD Cupertino 8/28/2007 4 2 916 0.520 $2,488,000 
21731 ALCAZAR AVE Cupertino 8/31/2007 2 1 1020 0.350 $1,799,000 
10219 PALO VISTA RD Cupertino 9/5/2007 4 3 2248 0.270 $1,649,000 

Averages     3.2 1.9 1542.67 0.223 $1,487,640  
The average pending properties within on mile of this home are 2087 sq ft at an average price of $ 1,3646,114.
Address City List Date Beds Baths SqFt Lot Size List Price 
10200 BYERLY CT Cupertino 7/24/2007 3 2.5 2252 0.180 $1,399,000 
10008 CALIFORNIA OAK WAY Cupertino 7/3/2007 4 3.5 4201 0.160 $1,799,800 
10121 PASADENA AVE Cupertino 7/2/2007 3 2 1617 0.224 $1,295,000 
11191 SANTA TERESA DR Cupertino 9/10/2007 5 2.5 2421 0.400 $1,369,000 
10237 PRADO VISTA AVE Cupertino 9/7/2007 3 1 1080 0.270 $1,212,000 
10212 DUBON AVE Cupertino 9/4/2007 3 2 1117 0.210 $1,098,000 
22245 CUPERTINO RD Cupertino 9/19/2007 3 3 1926 0.220 $1,250,000 
 
Averages     3.4 2.1 2087.71 0.238 $1,346,114  

The average active Properties within on mile of this home are 1542 sq ft at an average price of $ 1,649,000.
Sold Properties
Address City List Date Beds Baths SqFt Lot Size List Price Sale Price
10181 ADRIANA AVE Cupertino 7/5/2007 3 1 1198 0.230 $928,000 $975,450
21887 SHATTUCK DR Cupertino 6/26/2007 4 3 2119 0.170 $1,499,000 $1,560,000
10145 CAMINO VISTA DR Cupertino 7/17/2007 3 2 1790 0.220 $1,198,000 $1,315,000
10407 AVENIDA LN Cupertino 7/10/2007 4 3 2429 0.250 $1,595,000 $1,535,000
22430 PALM AVE Cupertino 6/13/2007 3 3.5 1975 0.220 $1,449,000 $1,520,000
10178 ORANGE AVE Cupertino 6/6/2007 3 1.5 1015 0.120 $988,800 $995,000
10944 DRYDEN AVE Cupertino 6/26/2007 4 3 2119 0.215 $1,589,000 $1,533,000
10148 PRADO VISTA AVE Cupertino 6/25/2007 3 1 1080 0.220 $1,025,000 $1,212,000
10913 LEAVESLEY PL Cupertino 7/18/2007 5 4 2700 0.240 $1,799,000 $1,770,000
22653 WOODRIDGE CT Cupertino 8/21/2007 4 3 2375 0.142 $1,498,000 $1,610,000
21739 TERRACE DR Cupertino 8/8/2007 4 2.5 1890 0.190 $1,350,000 $1,480,000
10580 SAN LEANDRO AVE Cupertino 9/6/2007 5 3.5 3602 0.220 $2,250,000 $2,070,000
10042 BYRNE AVE Cupertino 8/21/2007 3 2.5 1616 0.050 $969,800 $980,000
22031 RAE LN Cupertino 7/24/2007 5 4 4727 0.280 $2,350,000 $2,250,000
10895 DRYDEN AVE Cupertino 7/23/2007 3 2 2480 0.170 $1,450,000 $1,455,000
21861 SAN FERNANDO AVE Cupertino 8/6/2007 3 2 1327 0.227 $1,155,000 $1,155,000
11487 LINDY PL Cupertino 8/1/2007 4 2.5 3980 0.940 $2,395,800 $2,230,000
 
Averages     3.7 2.4 2260.12 0.241 $1,499,376 $1,508,555

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Popularity: 69% [?]

4732 Castlewood Drive, San Jose is another fantastic home in West San Jose. The front of this home is facing north and the back yard is facing south. This location is far from all the freeway and other noisy roads. The elementry school for this home is Manuel De Vargas Elementary school of Cupertino Union School district and the Middle school is Warren E. Hyde Middle. The high school is Cupertino High of Fremont Union High School District. This is a great value in today’s Cupertino Real Estate market.

Street Address  City  List Price  Sale Price  Beds  Baths  Bldg SqFt  Lot Size
              
4732 CASTLEWOOD DR , SAN JOSE 95129 $886,000 - ACTIVE ( 3 , 2 ) 1456 , 5662
5016 CASTLEWOOD DR , SAN JOSE 95129 $699,950 - $833,000 ( 3 , 2 ) 1328 , 6060
4731 CASTLEWOOD DR , SAN JOSE 95129 $698,000 - $827,000 ( 3 , 2 ) 1382 , 6000
4972 CASTLEWOOD DR , SAN JOSE 95129 $668,800 - $685,000 ( 4 , 2 ) 1328 , 
4930 CASTLEWOOD DR , SAN JOSE 95129 $659,500 - $647,000 ( 3 , 2 ) 1328 , 6000
4977 CASTLEWOOD CT , SAN JOSE 95129 $599,900 - $610,000 ( 3 , 2 ) 1328 , 5663
4944 CASTLEWOOD DR , SAN JOSE 95129 $679,500 - $694,500 ( 4 , 2 ) 1826 , 5663
4916 CASTLEWOOD DR , SAN JOSE 95129 $648,800 - $650,000 ( 3 , 2 ) 1382 , 6000
4760 CASTLEWOOD DR , SAN JOSE 95129 $729,000 - $725,000 ( 5 , 3 ) 2200 , 5800
4806 CASTLEWOOD DR , SAN JOSE 95129 $670,000 - $660,000 ( 3 , 2 ) 1456 , 5800
4771 CASTLEWOOD DR , SAN JOSE 95129 $579,000 - $580,000 ( 3 , 2 ) 1382 , 5662
4930 CASTLEWOOD DR , SAN JOSE 95129 $619,000 - $628,000 ( 3 , 2 ) 1328 , 6000
4731 CASTLEWOOD DR , SAN JOSE 95129 $530,000 - $565,000 ( 3 , 2 ) 1382 , 6000
4751 CASTLEWOOD DR , SAN JOSE 95129 $595,000 - $581,000 ( 3 , 2 ) 1395 , 6000
4759 CASTLEWOOD DR , SAN JOSE 95129 $594,950 - $619,000 ( 3 , 2 ) 1456 , 6000
4972 CASTLEWOOD DR , SAN JOSE 95129 $599,000 - $588,000 ( 3 , 2 ) 1328 , 
4719 CASTLEWOOD DR , SAN JOSE 95129 $575,000 - $636,000 ( 3 , 2 ) 1395 , 6000
5016 CASTLEWOOD DR , SAN JOSE 95129 $539,000 - $590,000 ( 3 , 2 ) 1328 , 6060
4802 CASTLEWOOD DR , SAN JOSE 95129 $490,000 - $573,000 ( 3 , 2 ) 1456 , 5880
4930 CASTLEWOOD DR , SAN JOSE 95129 $439,950 - $433,000 ( 3 , 2 ) 1328 , 6000
4658 CASTLEWOOD DR , SAN JOSE 95129 $439,000 - $450,000 ( 3 , 2 ) 1382 , 5700
4794 CASTLEWOOD DR , SAN JOSE 95129 $459,000 - $459,000 ( 4 , 2 ) 1600 , 6000
4779 CASTLEWOOD DR , SAN JOSE 95129 $422,000 - $415,000 ( 3 , 2 ) 1456 , 

Popularity: 56% [?]

Put some sweat equity in this home and make money. This 4 bedroom 2 bathroom Eichler built home is 1432 per CO.ASSESSOR on a Lot Size of 6,098 sq ft. It is 47 years old. It is hard to find a single family home at this price in Cupertino real estate market. If the new buyer will fix this home to be similar to other Cupertino homes in this neighbor hood, it will be worth a lot more.

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For an automated MLS search click here. 

The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Popularity: 47% [?]