[Deal of the week] Santa Clara 4 Bedroom Townhouse for only $425k

This week we discovered a deal on a sizeable townhouse in Santa Clara that is really irresistible!  This is a 4 bedroom 2 and ½ bathroom townhouse on Pomeroy near Benton.  This unit is listed about $40k under another unit in the same complex that just went pending at $466k.  This is a fantastic opportunity for a first-time single buyer — it is so big that you can have a roommate to help pay your mortgage; or for a young couple who are just getting established in their careers before having children.

Details:
1101 Pomeroy Ave, Santa Clara
MLS # 815886 (Sold, $418K)
4 Bedroom, 2½ Bathroom
1564sf living space
2 outdoor patio areas
46 years old
$425,000

Why is it a good deal:
Sc
This is a peaceful neighborhood that promotes the care of owner occupation.  The building is a great modern design (Eichler) with lots of windows and sliding glass doors.  The bedrooms are upstairs and the living area is downstairs with a ½ bath so it is super-convenient for guests and entertaining.  There are 2 outdoor patio areas which give the effect of having a bigger living space, not to mention that the bonus of this unit is that it is just steps away from the pool!  This unit has been completely re-painted, and new carpeting / flooring has been installed throughout. 

What is the risk:
The HOA fees seem to be high at $430 per month so we would need to see what is included, but for that size living space, that price isn’t out of line with other complexes.  This is not an investor play because it cannot be rented, the co-op rules say that this must be owner occupied or close relative (meaning parents buy for child).  If you have need for garage storage then this is not for you because this only has a covered carport at your door.

Sound interesting — call me.

-mark

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