OK, maybe not literally across the street. Walking distance then.
Yes, I would take this SFH over townhouses near GreatMall. Even with remodel, it would still be cheaper than 3-story TH.
Yep walking distance to Elementary school is very attractive coz you donāt have to fight with the rest of the parents who are lining up to drop off or pick up the kids.
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I remember reading an article a while back, saying kids who walk to schools perform better in class. It makes perfect sense to me. Walking is pretty good exercise, and it helps one waking up.
Another one just popped up in the same neighborhood. But this one is even closer to the freeway:
https://www.redfin.com/CA/Milpitas/183-Silvera-St-95035/home/892160
3/2/1250 asking 755K. Price is good.
@manch they werenāt selling 700 up until a year ago. Not a great area of milpitas again. At this elevated prices and rents it might seem a good deal, but a little more money will buy in better parts of milpitas.
This will go for 800 easily. This agent always lists low.
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Like where? I am still learning about Milpitas.
This one is near Dixon Rd
Sold for 680K. Zillow says it can rent for 3,100. So price/rent ratio is much better than the one around Calaveras.
Gosh, I donāt know exactly where Big Broās first buy outside SF was in Milpitas but it is a 4 bd beauty. In an enclosed circle of homes off a major street. He and my sis in law camped out for days to be one of the first ones to buy back in the day. Under 200k, brand new. Now, I think he said maybe 900K or moreā¦that my friend is how real estate kicks ass!!!
This requires atleast 50k rehab. so 730k for a so so area. well when everything gentrifies it might be ok.
I would stick to these areas, no smell from the landfill as you move towards 680 and the hill views are nice and houses in the hills will be the jackpots one time or the other anyways right?
- surrounded by N milpitas, Jackin, Evans and calveras.
- area between Escuela and 680, north of jacklin.
- homes around hillview dr are so nice
Granted it may not be easy to find anything below 800 but there might be opportunities. this is not an active listing anymore but a good corner lot.
http://www.zillow.com/homedetails/1113-Park-View-Dr-Milpitas-CA-95035/19477376_zpid/
Some more to look at:
I think that would go around 800K. As @RealEstatebull said some of the streets in that area can be less appealing with too many junkers on the road that destroy street appeal, but also there are a few streets there that are nice. I would definitely consider the area RealEstatebull if it is for your primary, but for rental, I am fine with this area. As you see, the same agent listed about 50K difference between that two area and I donāt think Iāll get better rent by paying 50K more (maybe more appreciation later, who knows). On top of that, this Silvera area is closer to highway so less traffic jam on Calarveras towards 237 & 880 and walking distance to big shopping center that has grocery stores and a few good restaurants, I think that play more in your rental value as long as you are in one of the better streets. Again, thatās my take.
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If someone is really interested in investment property, go here this weekend and try to offer.
The ROI may be better around the same price ! This is my pick of the week.
2nd Choice
If it is primary living (both are redfin hot home)
This one the numbers work. Month payment is around $3500, and rent $3200, according to Zillow. Does the rent number sound right?
How much rent can this one get?
My assumption is that the entire Milpitas will gentrify. So for me if you say the Dixon Rd area is rough, that sounds like opportunity to me, if the price reflects that. Obviously it canāt be totally crap or else I will get crappy tenants.
I am really bullish on the North San Jose to Fremont area. Tesla for one is expanding crazy in Fremont. All major tech companies are expanding in North SJ.
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You might be able to get $3350.
I think Militias has already going through that already. Part of the city is really nice now. For me personally, Dixon landing area gonna have smell problem even if residence are turned over, and that reason alone I m staying away from it. But southern part is really interesting to me. I m planning to keep my house there for a bit. Back in December Apple and Google signed lease in North San Jose are which is 5 miles away from that Silvera house you just posted. Cisco campuses are like 3 mile away from there. Very high desirable price, location and school for first time buyers with single tech income.
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Fremont is not my known area. Just looked at craigslist, and I am guessing the rent for each unit may be between $2100 and $2250.
Someone living or near by areas may provide better rent.
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Yes, Milpitas already changed and it is hard to get a home, very competitive now ! Since the VTA, BART access is there and traffic in both 880 and 680 is congested, many migrated to Milpitas.
Evening traffic in Milpitas (Tasman road) and N.San Jose (Brokaw road) are worst. It takes 25 mins to cross 4 miles towards traffic side between 5 PM and 7 PM.
Yea that looks good. I am guessing around 2300 for rent for each, so number looks better than all the alternatives. I still prefer SFH with accessory units over Duplex, but this works.
Which parts of milpitas has smell problems?