Thursday, July 31, 2008
Financial Title - messy situation
Financial Title shuttered its doors yesterday morning. Unfortunately for some buyers and sellers, there were escrows that were pending to close that day and in the next few days. We are helping with one right now that funded yesterday - into a black hole may I add. The accounting department could not be reached by phone, so no word on whether the wire reached, was rejected, or what. The situation was also worsened by the fact that today is the last day of the month - typically an accounting nightmare for escrow companies normally - and bank commitment letters tend to expire at the end of the month too. Many of the families that planned to move in or out this weekend will have to scramble because these transactions will be in limbo for a few days - if they're lucky. It's a mess and I wish those families the best in this situation.
Wednesday, July 30, 2008
Luxury Santana Row Condo $1,225,000
Rare 2 bedroom, 2 bathroom unit facing Santana Row - only two of these exist! This unit has all the amenities of loft units but on one level. Amenities include: 2 parking spaces in secure garage, stainless steel appliances, granite counter tops, double pane windows, inside laundry, corner view, and a generous patio that opens out to a view of the Santana Row shops. You don't want to miss out on such a good opportunity to live in this fun filled area with so much excitement, entertainment and great food. To view this unit, call me at 415-269-6249.
Financial Title Insurance Update
Any open escrows are being transferred to First American Title Company from the closed Financial Title offices. First American was underwriting the title insurance policies of Financial Title, so it seems like it will be a straight-forward process. First American is a strong financial institution with very good reserves. I am sure the insurance regulators will be looking far more closely at the other privately held insurance companies regarding their financial stability.
Financial Title Company Shut Down
It looks like the rumors were true about the financial stability of Financial Title, the flagship of Mercury Companies, Inc. title and escrow empire in California. While Mercury is a privately held company and not publicly traded - their financial stability did not need to be fully disclosed like a public company and hence the rumors only until today's curtain call.
Another Mercury title insurance company, Alliance Title shut their doors in December 2007. Alliance had approximately a 22% market share locally. Most escrows were folded into Financial Title offices. Recently Financial had approximately a 11-14% of market share in the last couple months. This relatively low figure undoubtedly due to a lack of confidence in the financial stability of the mother ship - Mercury.
When someone chooses an insurance carrier, you want to be able to know they will be there long term.
My pick for title services has been Chicago Title, a Fortune 500 public company with over $1.3 Billion in reserves, nationwide and in business for over 160 years. CT is under the huge umbrella of Fidelity National Financial.
Another Mercury title insurance company, Alliance Title shut their doors in December 2007. Alliance had approximately a 22% market share locally. Most escrows were folded into Financial Title offices. Recently Financial had approximately a 11-14% of market share in the last couple months. This relatively low figure undoubtedly due to a lack of confidence in the financial stability of the mother ship - Mercury.
When someone chooses an insurance carrier, you want to be able to know they will be there long term.
My pick for title services has been Chicago Title, a Fortune 500 public company with over $1.3 Billion in reserves, nationwide and in business for over 160 years. CT is under the huge umbrella of Fidelity National Financial.
Tuesday, July 29, 2008
Santa Clara County Market Share
Above is a graph showing what Intero Real Estate has done in the valley since it's inception. Big Blue is next! Sometimes I like to be proud of the company I keep. I truly believe that a forward thinking company that gives space for new ideas has a huge advantage - Intero works this way.Just click the above picture to view a larger picture of graph. Please contact me if you have any questions at mario@interorealestate.com.
Monday, July 28, 2008
Sunnyvale,Milpitas, Saratoga Bank Owned Homes
We currently have new updated lists of Single Family Bank Owned Homes in Santa Clara County. For more information on bank owned homes please contact me mario@interorealestate.com.
List Price/Street Address/City/Bldg SqFt
$899900/18501 ALLENDALE AV/Saratoga/1494
$84500/18624 LOREE AV/Cupertino/1048
$590000/256 S TEMPLE DR/Milpitas/2037
$509000/329 NORWICH AV/Milpitas/1556
$507900/461 TAYLOR DR/Milpitas/1358
$499999/842 COYOTE ST/Milpitas/936
$499900/372 GREENLAKE DR/Sunnyvale/1612
$479900/472 EASTER AV/Milpitas/1112
$469900/1446 Wabash ST/San Jose/1409
$455900/1384 GLACIER DR/Milpitas/1065
$449900/925 FAIRWOOD AV/Sunnyvale/1000
$439900/907 LAKEBIRD DR/Sunnyvale/964
$439900/1331 TORRANCE AV/Sunnyvale/1275
$435000/52 SMITHWOOD ST/Milpitas/980
$435000/838 SAN RAMON AV/Sunnyvale/1078
$410000/245 HAZEN ST/Milpitas/1064
$349900/1433 FREELAND DR/Milpitas/912
List Price/Street Address/City/Bldg SqFt
$899900/18501 ALLENDALE AV/Saratoga/1494
$84500/18624 LOREE AV/Cupertino/1048
$590000/256 S TEMPLE DR/Milpitas/2037
$509000/329 NORWICH AV/Milpitas/1556
$507900/461 TAYLOR DR/Milpitas/1358
$499999/842 COYOTE ST/Milpitas/936
$499900/372 GREENLAKE DR/Sunnyvale/1612
$479900/472 EASTER AV/Milpitas/1112
$469900/1446 Wabash ST/San Jose/1409
$455900/1384 GLACIER DR/Milpitas/1065
$449900/925 FAIRWOOD AV/Sunnyvale/1000
$439900/907 LAKEBIRD DR/Sunnyvale/964
$439900/1331 TORRANCE AV/Sunnyvale/1275
$435000/52 SMITHWOOD ST/Milpitas/980
$435000/838 SAN RAMON AV/Sunnyvale/1078
$410000/245 HAZEN ST/Milpitas/1064
$349900/1433 FREELAND DR/Milpitas/912
Morgan Hill/ San Martin/ Gilroy Bank Owned Homes
List Price/Street Address/City/Bldg SqFt
$1425000/2549 BUTCH DR/Gilroy/6207
$1013900/2390 SUNFLOWER CI/Gilroy/3676
$889000/7108 LAHINCH DR/Gilroy/3964
$799900/15100 SEYMOUR AV/San Martin/1975
$669900/16637 SAN BENITO PL/Morgan Hill/1916
$659900/2104 GULLANE WY/Gilroy/2417
$649900/897 CAMROSE CT/Gilroy/3496
$629900/16809 CORY DR/Morgan Hill/2292
$609900/920 BROOK WY/Gilroy/2654
$569900/16610 SAN BENITO PL/Morgan Hill/2011
$558000/16485 DEL MONTE AV/Morgan Hill/1839
$535000/17380 CARRIAGE LAMP WY/Morgan Hill/1797
$519900/9610 BLUE HERON CT/Gilroy/2464
$485900/895 OAK PARK DR/Morgan Hill/1771
$474900/910 PERRELLI ST/Gilroy/2851
$459900/920 W 6TH ST/Gilroy/2097
$449900/1605 ACACIA WY/Morgan Hill/1296
$439900/17775 CREST AV/Morgan Hill/1080
$408500/16645 CORY LN/Morgan Hill/1228
$399900/6410 CHURCH ST/Gilroy/2590
$389900/7121 ROSANNA ST/Gilroy/2028
$389500/7685 WREN AV/Gilroy/1839
$384900/2140 PACHECO PASS HW/Gilroy/720
$379900/777 RAMONA WY/Gilroy/1924
$379900/16750 SAN LUIS WY/Morgan Hill/2085
$353900/80 WRIGHT AV/Morgan Hill/932
$352000/767 RAMONA WY/Gilroy/1364
$299900/7151 ROSANNA ST/Gilroy/1058
$259900/8330 FOREST ST/Gilroy/1256
$254900/8070 FOREST ST/Gilroy/1368
$252000/211 W 9TH ST/Gilroy/1296
$929900/191 FENNEL CT/Morgan Hill/3342
$624900/7571 SANTA BARBARA DR/Gilroy/2938
$589900/9131 PADOVA DR/Gilroy/2274
$581900/1636 BRENTWOOD LN/Gilroy/1948
$549900/9238 CALLE DEL REY ST/Gilroy/2270
$529000/790 ALAMO DR/Morgan Hill/1844
$499900/261 RONAN AV/Gilroy/2140
$499900/17950 DEL MONTE AV/Morgan Hill/1825
$489900/776 TENNYSON DR/Gilroy/1497
$484900/7816 DICKENS WY/Gilroy/1568
$459900/691 EDEN ST/Gilroy/1814
$445000/7551 ROGERS LN/Gilroy/1838
$439900/895 SUSAN CT/Gilroy/2042
$434900/700 EL CERRITO WY/Gilroy/1536
$394999/14561 CROWNER AV/San Martin/1536
$384900/7315 CHADWICK ST/Gilroy/1474
$370000/1615 BRENTWOOD LN/Gilroy/1278
$369999/75 W 2ND ST/Morgan Hill/552
$353900/621 SHERWOOD DR/Gilroy/1328
$352000/767 RAMONA WY/Gilroy/1364
$329900/419 HADLEY CT/Gilroy/1071
$319900/7575 CHESTNUT ST/Gilroy/1196
$299500/404 FELLOM CT/Gilroy/1238
$289900/8336 GAUNT AV/Gilroy/1150
$285000/7581 CHURCH ST/Gilroy/1324
$285000/7430 ROGERS LN/Gilroy/1204
$260000/7496 CHESTNUT ST/Gilroy/1670
$244900/7450 ROGERS LN/Gilroy/1204
$237777/564 HOOVER CT/Gilroy/1204
$1425000/2549 BUTCH DR/Gilroy/6207
$1013900/2390 SUNFLOWER CI/Gilroy/3676
$889000/7108 LAHINCH DR/Gilroy/3964
$799900/15100 SEYMOUR AV/San Martin/1975
$669900/16637 SAN BENITO PL/Morgan Hill/1916
$659900/2104 GULLANE WY/Gilroy/2417
$649900/897 CAMROSE CT/Gilroy/3496
$629900/16809 CORY DR/Morgan Hill/2292
$609900/920 BROOK WY/Gilroy/2654
$569900/16610 SAN BENITO PL/Morgan Hill/2011
$558000/16485 DEL MONTE AV/Morgan Hill/1839
$535000/17380 CARRIAGE LAMP WY/Morgan Hill/1797
$519900/9610 BLUE HERON CT/Gilroy/2464
$485900/895 OAK PARK DR/Morgan Hill/1771
$474900/910 PERRELLI ST/Gilroy/2851
$459900/920 W 6TH ST/Gilroy/2097
$449900/1605 ACACIA WY/Morgan Hill/1296
$439900/17775 CREST AV/Morgan Hill/1080
$408500/16645 CORY LN/Morgan Hill/1228
$399900/6410 CHURCH ST/Gilroy/2590
$389900/7121 ROSANNA ST/Gilroy/2028
$389500/7685 WREN AV/Gilroy/1839
$384900/2140 PACHECO PASS HW/Gilroy/720
$379900/777 RAMONA WY/Gilroy/1924
$379900/16750 SAN LUIS WY/Morgan Hill/2085
$353900/80 WRIGHT AV/Morgan Hill/932
$352000/767 RAMONA WY/Gilroy/1364
$299900/7151 ROSANNA ST/Gilroy/1058
$259900/8330 FOREST ST/Gilroy/1256
$254900/8070 FOREST ST/Gilroy/1368
$252000/211 W 9TH ST/Gilroy/1296
$929900/191 FENNEL CT/Morgan Hill/3342
$624900/7571 SANTA BARBARA DR/Gilroy/2938
$589900/9131 PADOVA DR/Gilroy/2274
$581900/1636 BRENTWOOD LN/Gilroy/1948
$549900/9238 CALLE DEL REY ST/Gilroy/2270
$529000/790 ALAMO DR/Morgan Hill/1844
$499900/261 RONAN AV/Gilroy/2140
$499900/17950 DEL MONTE AV/Morgan Hill/1825
$489900/776 TENNYSON DR/Gilroy/1497
$484900/7816 DICKENS WY/Gilroy/1568
$459900/691 EDEN ST/Gilroy/1814
$445000/7551 ROGERS LN/Gilroy/1838
$439900/895 SUSAN CT/Gilroy/2042
$434900/700 EL CERRITO WY/Gilroy/1536
$394999/14561 CROWNER AV/San Martin/1536
$384900/7315 CHADWICK ST/Gilroy/1474
$370000/1615 BRENTWOOD LN/Gilroy/1278
$369999/75 W 2ND ST/Morgan Hill/552
$353900/621 SHERWOOD DR/Gilroy/1328
$352000/767 RAMONA WY/Gilroy/1364
$329900/419 HADLEY CT/Gilroy/1071
$319900/7575 CHESTNUT ST/Gilroy/1196
$299500/404 FELLOM CT/Gilroy/1238
$289900/8336 GAUNT AV/Gilroy/1150
$285000/7581 CHURCH ST/Gilroy/1324
$285000/7430 ROGERS LN/Gilroy/1204
$260000/7496 CHESTNUT ST/Gilroy/1670
$244900/7450 ROGERS LN/Gilroy/1204
$237777/564 HOOVER CT/Gilroy/1204
Sunday, July 27, 2008
Las Vegas Real Estate
After spending 5 days in Sin City attending the Mike Ferry Real Estate Superstar Retreat - I have the following thoughts about real estate in Las Vegas:
It's all about location - duh! - I got a great deal on a timeshare a half block off the strip - it was gorgeous, very comfortable and comparatively inexpensive - I'll never do that again! Why? because either I had to brave the 100+ degree heat to get anywhere or hop a taxi at $12 per ride. So did it make sense for me to save $20 per night and not stay in a mega casino? I think not.
Expanding on that thought - if you are going to buy in Vegas, buy on the strip itself or don't do it at all. The City Center development which will open in late 2009 will be the crown jewel (sorry Wynn) of the strip - now that is location, location, location.
Of course, the single family home market in Las Vegas is hurting badly - way too many homes bought for investment and too few available tenants. Also, sprawling developments in town and in the adjoining suburbs have flood the market with inventory. At some point, every glut of inventory will reap great deals - be patient though on this - it isn't time yet.
Last thought for today - stick with what you know - I know blackjack ( the book "21" was great - movie not so good - its in the video stores now ) I "learned" Pai Gow Poker this week - please kick me next time I want to expand my gambling horizons... Moral of the story - invest in what you know, many of us think we know Las Vegas (I'm talking to you Californians) and many of us really don't. It may be less exciting and more expensive to invest in your own towns and the results may be far more predictable and manageable.
Ok - final thought - the Red Piano concert by Elton John rocks!
It's all about location - duh! - I got a great deal on a timeshare a half block off the strip - it was gorgeous, very comfortable and comparatively inexpensive - I'll never do that again! Why? because either I had to brave the 100+ degree heat to get anywhere or hop a taxi at $12 per ride. So did it make sense for me to save $20 per night and not stay in a mega casino? I think not.
Expanding on that thought - if you are going to buy in Vegas, buy on the strip itself or don't do it at all. The City Center development which will open in late 2009 will be the crown jewel (sorry Wynn) of the strip - now that is location, location, location.
Of course, the single family home market in Las Vegas is hurting badly - way too many homes bought for investment and too few available tenants. Also, sprawling developments in town and in the adjoining suburbs have flood the market with inventory. At some point, every glut of inventory will reap great deals - be patient though on this - it isn't time yet.
Last thought for today - stick with what you know - I know blackjack ( the book "21" was great - movie not so good - its in the video stores now ) I "learned" Pai Gow Poker this week - please kick me next time I want to expand my gambling horizons... Moral of the story - invest in what you know, many of us think we know Las Vegas (I'm talking to you Californians) and many of us really don't. It may be less exciting and more expensive to invest in your own towns and the results may be far more predictable and manageable.
Ok - final thought - the Red Piano concert by Elton John rocks!
Friday, July 25, 2008
San Jose Bank Owned Single Family Homes
List Price/Street Address/City/Bldg SqFt
$1063900/3087 HIGH MEADOW LN/San Jose/2652
$1050000/3145 MEADOWLANDS LN/San Jose/3066
$1044900/399 S 14TH ST/San Jose/2856
$999900/847 PORTSWOOD CI/San Jose/2216
$899900/3463 STORY RD/San Jose/3754
$769900/70 PARK SHARON DR/San Jose/2922
$730900/7116 CERRO CREST DR/San Jose/1843
$721097/1076 E WILLIAM ST/San Jose/2250
$689900/3756 EVANGELHO CI/San Jose/1820
$669500/2696 SCOTTSDALE DR/San Jose/1824
$659900/561 CHURCHILL PARK DR/San Jose/2533
$655900/2581 GLEN HAIG WY/San Jose/2533
$649900/1170 RANDOL AV/San Jose/1288
$635900/2050 RANDOLPH DR/San Jose/2197
$624900/1188 MURIEL CT/San Jose/2885
$614900/577 S 22ND ST/San Jose/2199
$612750/6409 PURPLE HILLS DR/San Jose/2124
$609900/825 PESCADERO DR/San Jose/1777
$595000/1654 LEDERER CI/San Jose/1662
$574900/2420 RINCONADA DR/San Jose/1270
$569900/7157 VIA CARMELA/San Jose/1758
$569900/2831 NORCREST CT/San Jose/1772
$569000/1044 MERIDIAN AV/San Jose/1594
$568000/253 DOLLAR MOUNTAIN DR/San Jose/2277
$554900/5058 JARVIS AV/San Jose/1520
$551900/72 CALLE DE GUADALUPE/San Jose/1152
$549900/148 WOLFBERRY CT/San Jose/1581
$549900/3465 HILLSBOROUGH WY/San Jose/1670
$545000/153 HAYES AV/San Jose/1862
$538900/3656 CHERRY AV/San Jose/1280
$529900/5744 HALLECK DR/San Jose/1390
$525500/4873 RUE LE MANS/San Jose/1793
$519900/1388 OLD STONE WY/San Jose/1480
$519000/19 SOUTHLAKE DR/San Jose/1521
$515000/3171 ANDORA DR/San Jose/1564
$514500/2297 FLINT AV/San Jose/1495
$512910/780 E TAYLOR ST/San Jose/1686
$509000/15836 HIGHLAND DR/San Jose/1432
$505300/3043 BRADSHAW DR/San Jose1757
$499900/1091 PRINCESS ANNE DR/San Jose1214
$499900/2350 ELKINS WY/San Jose/1400
$499000/1481 HILLSDALE AV/San Jose/1270
$496284/1526 KOOSER RD/San Jose1185
$495000/1196 GAINSVILLE AV/San Jose/1432
$492500/2186 STRATTON PL/San Jose/1234
$490000/3182 ROSS AV/San Jose/1248
$489900/3002 ARROBA WY/San Jose/1140
$489900/5979 S SURF CT/San Jose/1521
$489900/2717 FLORY DR/San Jose/1660
$489500/1617 HERMOCILLA WY/San Jose/1786
$485000/1354 MOCHO CT/San Jose/1321
$485000/4459 HOUNDSHAVEN WY/San Jose/1502
$484900/1518 MOUNT LASSEN DR/San Jose/1659
$484900/1997 LOCH NESS WY/San Jose/993
$480000/2465 BOREN DR/San Jose1418
$480000/4439 DULCEY DR/San Jose/1442
$479999/6128 BLOSSOM AV/San Jose/1321
$479900/1821 S CAPITOL AV/San Jose/1353
$4799006117 MAREE CT/San Jose/1529
$479900/29 CLAREVIEW AV/San Jose/1578
$474900/3913 PICARDY PLACE CT/San Jose/1355
$474900/2667 ALDERWOOD DR/San Jose/1399
$473500/1653 CHRISTOPHER ST/San Jose/1306
$470000/2967 PLUMSTEAD WY/San Jose/1538
$465000/274 BANGOR AV/San Jose/1546
$464900/2497 BRITT WY/San Jose/1278
$464900/5834 BLOSSOM AV/San Jose/1347
$454900/1572 FIRESTONE LP/San Jose/1786
$450000/5915 SOUTHWIND DR/San Jose/1355
$450000/2440 BARLOW AV/San Jose/1073
$449900/5477 GIUFFRIDA CT/San Jose/1222
$449900/775 MCLAUGHLIN AV/San Jose/1354
$449900 /1742 CHENEY DR /San Jose /1264
$449900 /3275 EVCO CT /San Jose /1357
$449900 /1618 RALENE PL /San Jose /1041
$449900 /3170 GAWAIN DR /San Jose /1509
$449900 /2120 RADIO AV /San Jose /738
$449000 /415 GRIDLEY ST /San Jose /1296
$445000 /5287 GARRISON CI /San Jose /1207
$440000 /363 RAYMOND AV /San Jose /1693
$439900 /518 N 15TH ST /San Jose /992
$433200 /195 MOORE DR /San Jose /1275
$429900 /1154 HOPKINS DR /San Jose /1711
$429900 /331 VINEYARD DR /San Jose /1308
$424900/268 DOLLAR MOUNTAIN DR /San Jose /1281
$419900 /1195 WINSLOW DR /San Jose /1068
$419900 /5367 GREAT OAKS DR /San Jose /1440
$418900 /1880 MACDUEE WY /San Jose /993
$415900 /2605 Ophelia AV /San Jose /1615
$412550 /3176 HAGA DR /San Jose /1672
$410000 /421 N 20TH ST /San Jose /1148
$409900 /3021 WATER ST /San Jose /1196
$409900 /1618 SUNDOWN LN /San Jose /1228
$409900 /2759 MATTHIAS CT /San Jose /1377
$407600 /1723 VISTA GLEN CT /San Jose /1094
$405845 /1930 WAVERLY AV /San Jose /1040
$405000 /581 OLDBROOK CT /San Jose /1220
$405000 /1182 HERALD AV /San Jose /1303
$400900 /20 S 20TH ST /San Jose /1247
$399900 1676 TAMPA WY /San Jose /1637
$399900 /4584 RHAPSODY WY /San Jose /1137
$399900 /6975 HEATON MOOR DR /San Jose /816
$399900 /556 CARVER ST /San Jose /1239
$397500 /2518 GALAHAD CT /San Jose /1220
$395900 /3664 HEATHCOT CT /San Jose /1470
$394250 /1961 ORLANDO DR /San Jose /1352
$39000 /666 SINGLETON RD /San Jose /1241
$389900 /3335 MOUNT LOGAN DR /San Jose /1130
$389900 /10337 SINGLETON RD /San Jose /1417
$389900 /641 SERENADE WY /San Jose /1265
$389900 /1630 CENTER RIDGE DR /San Jose /1392
$389900/4172 SANTA RITA WY /San Jose /1308
$389900 /870 LOCUST ST /San Jose /1260
385000 /2565 DUMONT CT /San Jose /1176
384900 /484 N 14TH ST /San Jose /924
384900 /388 RODEO CT /San Jose /1241
384500 /388 WHIRLAWAY DR /San Jose /1440
383655 /1863 SUMATRA AV /San Jose /1306
380000 /1731 PINE HOLLOW CI /San Jose /1000
380000 /1263 MONTEAGLE DR /San Jose /1041
379900 /1649 ENDICOTT DR /San Jose /1352
374900 /1604 MONTEVIDEO LN /San Jose /1228
374000 /3003 MARKINGDON AV/San Jose /1188
370000 /1306 BAGELY WY /San Jose /1155
369950 /1788 TERILYN AV /San Jose /1306
369900 /2080 NOTTOWAY AV /San Jose /1066
369900 /165 N 16TH ST /San Jose /1104
369900 /10278 DALE DR /San Jose /1377
365900 /10282 MURTHA DR /San Jose /1436
365000 /1565 TOLBERT DR /San Jose /1139
364900 /2510 DOBERN AV /San Jose /1233
364900 /1610 KARL ST /San Jose /1126
364800 /1627 FLORIDA AV /San Jose /1121
364000 /429 WILLIS AV /San Jose /1442
360000 /1197 ADRIAN WY /San Jose /1283
360000 /2191 MONDIGO AV /San Jose /1320
359900 /155 DALE DR /San Jose /984
359900 /3291 HICKERSON DR /San Jose /1129
359900 /1780 CATHAY DR /San Jose /1040
359495 /10290 DALE DR /San Jose /1078
359000 /510 BETH DR /San Jose /1241
357900 /4883 SNOW DR /San Jose /990
357345 /881 MOSS DR /San Jose /1300
349900 /1186 PALM ST /San Jose /1236
349900 /1849 RIGOLETTO DR /San Jose /1232
345900 /3468 MOUNT SAINT HELENA DR /San Jose /1650
345000 /14461 BUCKNER DR /San Jose /960
344900 /187 ROTHROCK DR /San Jose /933
344900 /1601 HAVANA DR /San Jose /1040
344900 /1318 SANDALWOOD CT /San Jose /1145
342900 /4243 SANTA RITA WY /San Jose /900
341914 /410 LOCHRIDGE DR /San Jose /971
341905 /97 MCCREERY AV /San Jose /1696
340000 /769 MCLAUGHLIN AV /San Jose /1354
339900 /2101 PALM BEACH WY /San Jose /1020
339900 /1206 SUNNY CT /San Jose /938
339900 /1701 CRUCERO DR /San Jose /1512
339900 /1773 CALLE DE PLATA /San Jose /1207
334900 /364 MEADOW LN /San Jose /1144
329900 /5289 DISCOVERY AV /San Jose /1295
329900 /10265 RYAN ST /San Jose /1163
329900 /349 WOOSTER AV /San Jose/1042
329900 /1103 VALDOSTA RD /San Jose /1196
329000 /442 VAUGHN AV /San Jose /900
325000 /399 COSTA MESA DR /San Jose /1123
324900 /1334 WOODALE CT /San Jose /1040
324900 /10251 RYAN ST /San Jose /1154
321900 /927 TOMLINSON LN /San Jose /1576
319900 /137 S 33RD ST /San Jose /816
319900 /2688 OPHELIA AV /San Jose /1252
319900 /1689 CRUCERO DR /San Jose /1404
319000 /14430 HIGHGROVE CT /San Jose /1200
317000 /30 BOSTON AV /San Jose /1007
314900 /10291 REVA CT /San Jose /1115
314000 /10351 ATHENE DR /San Jose /1009
313500 /1887 MACDUEE WY /San Jose /910
309000 /224 S 22ND ST /San Jose /780
305910 /1590 WHITTON AV /San Jose /1088
299900 /640 S WHITE /San Jose /797
299900 /151 MAGELLAN AV /San Jose /993
299900 /180 ROTHROCK DR /San Jose 1054
290000 /10090 ENDFIELD WY /San Jose /840
289900 /2039 MALDEN AV /San Jose /853
286000 /2780 COVENTRY DR /San Jose /960
285900 /1131 MASTIC ST /San Jose /1179
285000 /1491 CLIFFWOOD DR /San Jose /910
284900 /1239 TURTLEROCK DR /San Jose /1061
284500/1409 GLENA CT /San Jose /1061
279900 /10036 KENILWORTH WY /San Jose /840
279900 /1769 EVERGLADE AV /San Jose /1460
279900 /1457 CHIPLAY DR /San Jose /960
279000 /419 SERENADE WY /San Jose /1137
274900 /1531 LITTLE ORCHARD ST /San Jose /864
273000 /138 SCHOTT ST /San Jose /933
270750 /125 MAGELLAN AV /San Jose /993
269900 /2028 HURAN DR /San Jose /912
269900 /323 SERRANO AV /San Jose /600
264900 /2062 JAMAICA WY /San Jose /960
259900 /2002 MALDEN AV /San Jose /1061
253400 /98 TOPEKA AV /San Jose /732
249900 /870 STATE ST /San Jose /996
$1063900/3087 HIGH MEADOW LN/San Jose/2652
$1050000/3145 MEADOWLANDS LN/San Jose/3066
$1044900/399 S 14TH ST/San Jose/2856
$999900/847 PORTSWOOD CI/San Jose/2216
$899900/3463 STORY RD/San Jose/3754
$769900/70 PARK SHARON DR/San Jose/2922
$730900/7116 CERRO CREST DR/San Jose/1843
$721097/1076 E WILLIAM ST/San Jose/2250
$689900/3756 EVANGELHO CI/San Jose/1820
$669500/2696 SCOTTSDALE DR/San Jose/1824
$659900/561 CHURCHILL PARK DR/San Jose/2533
$655900/2581 GLEN HAIG WY/San Jose/2533
$649900/1170 RANDOL AV/San Jose/1288
$635900/2050 RANDOLPH DR/San Jose/2197
$624900/1188 MURIEL CT/San Jose/2885
$614900/577 S 22ND ST/San Jose/2199
$612750/6409 PURPLE HILLS DR/San Jose/2124
$609900/825 PESCADERO DR/San Jose/1777
$595000/1654 LEDERER CI/San Jose/1662
$574900/2420 RINCONADA DR/San Jose/1270
$569900/7157 VIA CARMELA/San Jose/1758
$569900/2831 NORCREST CT/San Jose/1772
$569000/1044 MERIDIAN AV/San Jose/1594
$568000/253 DOLLAR MOUNTAIN DR/San Jose/2277
$554900/5058 JARVIS AV/San Jose/1520
$551900/72 CALLE DE GUADALUPE/San Jose/1152
$549900/148 WOLFBERRY CT/San Jose/1581
$549900/3465 HILLSBOROUGH WY/San Jose/1670
$545000/153 HAYES AV/San Jose/1862
$538900/3656 CHERRY AV/San Jose/1280
$529900/5744 HALLECK DR/San Jose/1390
$525500/4873 RUE LE MANS/San Jose/1793
$519900/1388 OLD STONE WY/San Jose/1480
$519000/19 SOUTHLAKE DR/San Jose/1521
$515000/3171 ANDORA DR/San Jose/1564
$514500/2297 FLINT AV/San Jose/1495
$512910/780 E TAYLOR ST/San Jose/1686
$509000/15836 HIGHLAND DR/San Jose/1432
$505300/3043 BRADSHAW DR/San Jose1757
$499900/1091 PRINCESS ANNE DR/San Jose1214
$499900/2350 ELKINS WY/San Jose/1400
$499000/1481 HILLSDALE AV/San Jose/1270
$496284/1526 KOOSER RD/San Jose1185
$495000/1196 GAINSVILLE AV/San Jose/1432
$492500/2186 STRATTON PL/San Jose/1234
$490000/3182 ROSS AV/San Jose/1248
$489900/3002 ARROBA WY/San Jose/1140
$489900/5979 S SURF CT/San Jose/1521
$489900/2717 FLORY DR/San Jose/1660
$489500/1617 HERMOCILLA WY/San Jose/1786
$485000/1354 MOCHO CT/San Jose/1321
$485000/4459 HOUNDSHAVEN WY/San Jose/1502
$484900/1518 MOUNT LASSEN DR/San Jose/1659
$484900/1997 LOCH NESS WY/San Jose/993
$480000/2465 BOREN DR/San Jose1418
$480000/4439 DULCEY DR/San Jose/1442
$479999/6128 BLOSSOM AV/San Jose/1321
$479900/1821 S CAPITOL AV/San Jose/1353
$4799006117 MAREE CT/San Jose/1529
$479900/29 CLAREVIEW AV/San Jose/1578
$474900/3913 PICARDY PLACE CT/San Jose/1355
$474900/2667 ALDERWOOD DR/San Jose/1399
$473500/1653 CHRISTOPHER ST/San Jose/1306
$470000/2967 PLUMSTEAD WY/San Jose/1538
$465000/274 BANGOR AV/San Jose/1546
$464900/2497 BRITT WY/San Jose/1278
$464900/5834 BLOSSOM AV/San Jose/1347
$454900/1572 FIRESTONE LP/San Jose/1786
$450000/5915 SOUTHWIND DR/San Jose/1355
$450000/2440 BARLOW AV/San Jose/1073
$449900/5477 GIUFFRIDA CT/San Jose/1222
$449900/775 MCLAUGHLIN AV/San Jose/1354
$449900 /1742 CHENEY DR /San Jose /1264
$449900 /3275 EVCO CT /San Jose /1357
$449900 /1618 RALENE PL /San Jose /1041
$449900 /3170 GAWAIN DR /San Jose /1509
$449900 /2120 RADIO AV /San Jose /738
$449000 /415 GRIDLEY ST /San Jose /1296
$445000 /5287 GARRISON CI /San Jose /1207
$440000 /363 RAYMOND AV /San Jose /1693
$439900 /518 N 15TH ST /San Jose /992
$433200 /195 MOORE DR /San Jose /1275
$429900 /1154 HOPKINS DR /San Jose /1711
$429900 /331 VINEYARD DR /San Jose /1308
$424900/268 DOLLAR MOUNTAIN DR /San Jose /1281
$419900 /1195 WINSLOW DR /San Jose /1068
$419900 /5367 GREAT OAKS DR /San Jose /1440
$418900 /1880 MACDUEE WY /San Jose /993
$415900 /2605 Ophelia AV /San Jose /1615
$412550 /3176 HAGA DR /San Jose /1672
$410000 /421 N 20TH ST /San Jose /1148
$409900 /3021 WATER ST /San Jose /1196
$409900 /1618 SUNDOWN LN /San Jose /1228
$409900 /2759 MATTHIAS CT /San Jose /1377
$407600 /1723 VISTA GLEN CT /San Jose /1094
$405845 /1930 WAVERLY AV /San Jose /1040
$405000 /581 OLDBROOK CT /San Jose /1220
$405000 /1182 HERALD AV /San Jose /1303
$400900 /20 S 20TH ST /San Jose /1247
$399900 1676 TAMPA WY /San Jose /1637
$399900 /4584 RHAPSODY WY /San Jose /1137
$399900 /6975 HEATON MOOR DR /San Jose /816
$399900 /556 CARVER ST /San Jose /1239
$397500 /2518 GALAHAD CT /San Jose /1220
$395900 /3664 HEATHCOT CT /San Jose /1470
$394250 /1961 ORLANDO DR /San Jose /1352
$39000 /666 SINGLETON RD /San Jose /1241
$389900 /3335 MOUNT LOGAN DR /San Jose /1130
$389900 /10337 SINGLETON RD /San Jose /1417
$389900 /641 SERENADE WY /San Jose /1265
$389900 /1630 CENTER RIDGE DR /San Jose /1392
$389900/4172 SANTA RITA WY /San Jose /1308
$389900 /870 LOCUST ST /San Jose /1260
385000 /2565 DUMONT CT /San Jose /1176
384900 /484 N 14TH ST /San Jose /924
384900 /388 RODEO CT /San Jose /1241
384500 /388 WHIRLAWAY DR /San Jose /1440
383655 /1863 SUMATRA AV /San Jose /1306
380000 /1731 PINE HOLLOW CI /San Jose /1000
380000 /1263 MONTEAGLE DR /San Jose /1041
379900 /1649 ENDICOTT DR /San Jose /1352
374900 /1604 MONTEVIDEO LN /San Jose /1228
374000 /3003 MARKINGDON AV/San Jose /1188
370000 /1306 BAGELY WY /San Jose /1155
369950 /1788 TERILYN AV /San Jose /1306
369900 /2080 NOTTOWAY AV /San Jose /1066
369900 /165 N 16TH ST /San Jose /1104
369900 /10278 DALE DR /San Jose /1377
365900 /10282 MURTHA DR /San Jose /1436
365000 /1565 TOLBERT DR /San Jose /1139
364900 /2510 DOBERN AV /San Jose /1233
364900 /1610 KARL ST /San Jose /1126
364800 /1627 FLORIDA AV /San Jose /1121
364000 /429 WILLIS AV /San Jose /1442
360000 /1197 ADRIAN WY /San Jose /1283
360000 /2191 MONDIGO AV /San Jose /1320
359900 /155 DALE DR /San Jose /984
359900 /3291 HICKERSON DR /San Jose /1129
359900 /1780 CATHAY DR /San Jose /1040
359495 /10290 DALE DR /San Jose /1078
359000 /510 BETH DR /San Jose /1241
357900 /4883 SNOW DR /San Jose /990
357345 /881 MOSS DR /San Jose /1300
349900 /1186 PALM ST /San Jose /1236
349900 /1849 RIGOLETTO DR /San Jose /1232
345900 /3468 MOUNT SAINT HELENA DR /San Jose /1650
345000 /14461 BUCKNER DR /San Jose /960
344900 /187 ROTHROCK DR /San Jose /933
344900 /1601 HAVANA DR /San Jose /1040
344900 /1318 SANDALWOOD CT /San Jose /1145
342900 /4243 SANTA RITA WY /San Jose /900
341914 /410 LOCHRIDGE DR /San Jose /971
341905 /97 MCCREERY AV /San Jose /1696
340000 /769 MCLAUGHLIN AV /San Jose /1354
339900 /2101 PALM BEACH WY /San Jose /1020
339900 /1206 SUNNY CT /San Jose /938
339900 /1701 CRUCERO DR /San Jose /1512
339900 /1773 CALLE DE PLATA /San Jose /1207
334900 /364 MEADOW LN /San Jose /1144
329900 /5289 DISCOVERY AV /San Jose /1295
329900 /10265 RYAN ST /San Jose /1163
329900 /349 WOOSTER AV /San Jose/1042
329900 /1103 VALDOSTA RD /San Jose /1196
329000 /442 VAUGHN AV /San Jose /900
325000 /399 COSTA MESA DR /San Jose /1123
324900 /1334 WOODALE CT /San Jose /1040
324900 /10251 RYAN ST /San Jose /1154
321900 /927 TOMLINSON LN /San Jose /1576
319900 /137 S 33RD ST /San Jose /816
319900 /2688 OPHELIA AV /San Jose /1252
319900 /1689 CRUCERO DR /San Jose /1404
319000 /14430 HIGHGROVE CT /San Jose /1200
317000 /30 BOSTON AV /San Jose /1007
314900 /10291 REVA CT /San Jose /1115
314000 /10351 ATHENE DR /San Jose /1009
313500 /1887 MACDUEE WY /San Jose /910
309000 /224 S 22ND ST /San Jose /780
305910 /1590 WHITTON AV /San Jose /1088
299900 /640 S WHITE /San Jose /797
299900 /151 MAGELLAN AV /San Jose /993
299900 /180 ROTHROCK DR /San Jose 1054
290000 /10090 ENDFIELD WY /San Jose /840
289900 /2039 MALDEN AV /San Jose /853
286000 /2780 COVENTRY DR /San Jose /960
285900 /1131 MASTIC ST /San Jose /1179
285000 /1491 CLIFFWOOD DR /San Jose /910
284900 /1239 TURTLEROCK DR /San Jose /1061
284500/1409 GLENA CT /San Jose /1061
279900 /10036 KENILWORTH WY /San Jose /840
279900 /1769 EVERGLADE AV /San Jose /1460
279900 /1457 CHIPLAY DR /San Jose /960
279000 /419 SERENADE WY /San Jose /1137
274900 /1531 LITTLE ORCHARD ST /San Jose /864
273000 /138 SCHOTT ST /San Jose /933
270750 /125 MAGELLAN AV /San Jose /993
269900 /2028 HURAN DR /San Jose /912
269900 /323 SERRANO AV /San Jose /600
264900 /2062 JAMAICA WY /San Jose /960
259900 /2002 MALDEN AV /San Jose /1061
253400 /98 TOPEKA AV /San Jose /732
249900 /870 STATE ST /San Jose /996
Thursday, July 24, 2008
Sharon Park Open House July 27th
You don't want to miss out this Sunday July 27 th between 1:30-4:30 I will be holding an open house for a beautiful listing I have at Sharon Park Heights. This is a 2 bedroom/2 bathroom condo with scenic view of the Sharon Park Heights Golf Course, that also overlooks the vintage oak trees. The ideal condo is listed for $979,000 and rarely do condo's become available in the this desirable neighborhood. For more information and to receive directions please contact my assistant krasmussen@interorealestate.com , and I hope to see you all there.
Tuesday, July 22, 2008
Price Reduced Denny's In Colorado
We are now tracking a net leased Denny's in Colorado that has just reduced in price. It is now listed for $2.2 million with a 7.5% cap rate. For more information on this property or if interested in an investment property I am here to help.
Mario Pinedo
Intero Real Estate
Mario@interorealestate.com
Mario Pinedo
Intero Real Estate
Mario@interorealestate.com
Willow Glen Reo/Bank Owned Listing
Beautiful spacious end unit town home in Willow Glen now listed for $569,900. This 3 bedroom 2.5 bathrooms is nicely sized of 1,742 square feet. Perfect town home for the whole family with high ceilings and beautifully landscaped. For more information on this property or if your interested in finding a reo/bank owned home please contact me mario@interorealestate.com.
Lease/Option Or Sale In Sunnyvale
For SaleAsking Price $2,782,500
15,000 Square Feet
Manufacturing Building
- Divisible into units with two addresses
- Manufacturing building
- Sprinklered
- Dock; Six roll-up doors
- Heavy power (3,000 amps @ 120/208)
- 100% HVAC
- Anticipated 3/1,000 parking
- Subject to lot split and sale in escrow
- Existing tenant thru 12/8 may be interested in leaving early
For More Information Contact Me
Monday, July 21, 2008
PENINSULA INVESTMENT FORUM MARKETING MEETING
PENINSULA INVESTMENT FORUM
MARKETING MEETING
MARKETING MEETING
Guest Speakers: Dena Cruz, Scott Rogers and Norman Cruz Holme Roberts and Owen LLP
Please join me in welcoming three senior real estate attorneys from the international 300-attorney law firm of Holme Roberts and Owen who will discuss “Hot Topics in a Cold Market.” The discussion will include the “going green audit checklist” with advice on what a buyer needs to look for when reviewing leases for a prospective purchase, how to increase income from your
properties by getting your property tax assessments lowered, and the latest cases that are important to buyers and sellers of property.
properties by getting your property tax assessments lowered, and the latest cases that are important to buyers and sellers of property.
MODERATOR: JACK TURTURICI SPERRY VAN NESS TURTURICI PROPERTIES
DATE: July 22, 2008 (fourth Tuesday of each month)
LOCATION: FIRST AMERICAN TITLE
***PLEASE NOTE NEW ADDRESS: 1700 South El Camino Real
San Mateo, CA
***PLEASE NOTE NEW ADDRESS: 1700 South El Camino Real
San Mateo, CA
AGENDA:
7:45 A.M. NETWORKING
8:00 INTRODUCTIONS
8:10 PROPERTY PRESENTATIONS
8:15 GUEST SPEAKER
8:00 INTRODUCTIONS
8:10 PROPERTY PRESENTATIONS
8:15 GUEST SPEAKER
THE PENINSULA INVESTMENT FORUM provides the opportunity to market your exclusive for sale listings to Professionals in the commercial investment real estate community. Please bring 40 copies of your package for presentation. Please also email Neil Santiago with your available properties for sale at neil.santiago@bridgebank.com. Minimum purchase price of $750,000.
Sponsored by:
Janine McCaffery-First American Title (650) 356-1734
Mary Kay Kennedy-First American Exchange (800) 833-4343
Neil Santiago-Bridge Bank (650) 462-8522
Janine McCaffery-First American Title (650) 356-1734
Mary Kay Kennedy-First American Exchange (800) 833-4343
Neil Santiago-Bridge Bank (650) 462-8522
Thursday, July 17, 2008
Restaurant "COMING SOON"
We have a great Restaurant listing coming very soon for $975,000, which is located just South of Downtown San Jose. This restaurant is a perfect size of 1200 square feet with a lot of Patio space which makes it great for summer time and also has a brand new kitchen. This can be a great perfect opportunity for a turn key investment and you don't wamt to miss out!! If you have any questions about this upcoming listing please contact me mario@interorealestate.com.
Legacy Civic Towers Now Available
Available For Sublease
Legacy Civic Towers
75 E. Santa Clara St, 11th Floor
San Jose, CA
Size: 5,847 RSF
Rental Rate:
$1.50 FS
Thru 1/31/2011
Term:
11 Private offices
10 Workstations
10 Workstations
Conference Room
Break Room
5 Free Parking Spaces thru Sublease Term
Parking: 11 Parking Spaces Total
Brochure: Please email to see brochure krasmussen@interorealestate.com
Tour: Please email me to tour mario@interorealestate.com
Wednesday, July 16, 2008
Home Buyers Workshop July 17, 2008
It's that time again and you don't want to miss out. Please come and join us for the Home Buyers Workshop on July 17,2008 between 6:30 P.M.-8:00 P.M. Please R.S.V.P. mario@interorealestate.com if you would like to attend.
Tuesday, July 15, 2008
Great NNN Drug Stores Deals in the Western United States
We are currently tracking some really good NNN Drug Store deals in the Western United States. We have tracked some of the top operating drug store company's in the country. Below is a list of some brief detail of this we are currently tracking.
1. Reno, NV- Single tenant Walgreens Listed for $6,600,000 with a cap rate of 6.50%
2. Cottonwood Heights, UT-Walgreens listed for $3,392,000 with a cap rate of 7.00%
3. Glendale, AZ,-CVS Pharmacy listed for $6,596,000 with a cap rate of 6.15%
4. North Las, Vegas-Walgreens listed for $6,720,000 with a cap rate of 6.25%
5. Herriman, UT-Walgreens listed for $5,795,000 wth a cap rate of 6.25%
6. Las Vegas, NV-Walgreens listed for $7,850,000 with a cap rate of 6.75%
7. Colorado Springs, CO-Walgreens listed for $7,799,000 with a cap rate of 6.70%
We also have two really great California NNN Drug Store deals that we are tracking which are extremely great deals.
1. Poterville, CA-Rite Aid listed for $4,700,000 with a cap rate of 6.25%
2. Santa Rosa, CA-Rite Aid listed for $7,557,900 with a cap rate of 6.10%
If you are interested in any of these deals or receiving more information please feel free to contact me mario@interorealestate.com, also if this is out of your price range or are looking for something along different lines I am here to help.
1. Reno, NV- Single tenant Walgreens Listed for $6,600,000 with a cap rate of 6.50%
2. Cottonwood Heights, UT-Walgreens listed for $3,392,000 with a cap rate of 7.00%
3. Glendale, AZ,-CVS Pharmacy listed for $6,596,000 with a cap rate of 6.15%
4. North Las, Vegas-Walgreens listed for $6,720,000 with a cap rate of 6.25%
5. Herriman, UT-Walgreens listed for $5,795,000 wth a cap rate of 6.25%
6. Las Vegas, NV-Walgreens listed for $7,850,000 with a cap rate of 6.75%
7. Colorado Springs, CO-Walgreens listed for $7,799,000 with a cap rate of 6.70%
We also have two really great California NNN Drug Store deals that we are tracking which are extremely great deals.
1. Poterville, CA-Rite Aid listed for $4,700,000 with a cap rate of 6.25%
2. Santa Rosa, CA-Rite Aid listed for $7,557,900 with a cap rate of 6.10%
If you are interested in any of these deals or receiving more information please feel free to contact me mario@interorealestate.com, also if this is out of your price range or are looking for something along different lines I am here to help.
Regional Shopping Mall in North Bend, Oregon FOR SALE
PONY VILLAGE MALL
Regional Shopping Mall
North Bend, Oregon
FOR SALE
$23,500,000
This 351,000 square foot Regional Power Center Mall is located in on Oregon Coast on the main arterial to the interior of the State. Featuring Anchor Tenants Macy's, Ross, Safeway, Sears, JC Penny and Jo-Ann this property features a high degree of credit tenants. This opportunity provides stable cash flow with upside potential. Management has active program to complete all deferred maintenance and property shows price of ownership from private equity Owner Operator.
Investment Highlights
Total Rentable Area: 351,000 Square Feet
Anchor Tenants:
Safeway, Macy's, Ross Dress for Less, JC Penny, Big 5, Jo-Ann Fabrics, Sears
Current Occupancy: 95%
NOI: 1,650,000 June 2008 to July 2009
Vacant Square Footage: 19,000 Square Feet
Please contact me if you have any further questions or would like a marketing package mario@interorealestate.com.
Monday, July 14, 2008
Santana Row Loft Coming Soon
If anyone is looking for a wonderful "A" unit in Santana Row with all the amenities everyone ideally wants, let me know. This unit is ideally located, well-priced, has the additional square feet that is preferred and does not have the negative structural additions that are less desired. This unit will go fast. We can set pre-listing appointments as soon as possible. Will be in the $635,000 range.
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