Property List For Week 9-11

Address/List Price
119 13TH (S), SAN JOSE;5/3;2463 $590,900

391 13TH ST (NORTH), SAN JOSE DUPLEX 4/2;2160 $439,900
484 14TH (N) STREET, SAN JOSE 3/2;924 $354,500
237 33RD (S) STREET, SAN JOSE 3/2;1148 $353,900
535 68TH AVENUE, OAKLAND 5/2/2107 $279,900
2268 80TH AVENUE, OAKLAND 4/2/1313219 $165,000
1463 81ST AVENUE, OAKLAND 3/1;900 $179,900
1746 96TH AVENUE, OAKLAND 3/1;1060 $141,466
812 105TH AVENUE, OAKLAND 2/1;884 $99,900
1820 105TH AVE., OAKLAND 3/1;1522 $259,900
1880 ANNE MARIE COURT, SAN JOSE 4/2;1434 $459,900
1728 BERRYWOOD DR, SAN JOSE 3/1;900 $279,900
14540 BLOSSOM HILL RD., LOS GATOS 4/2.5;2193 $999,999
2509 BORAX DRIVE, SAN JOSE3/2;1545 $546,000
426 CALIENTE DRIVE, SAN LEANDRO $239,900
437 CAMILLE CIRCLE #16, SAN JOSE 3/2.5;1307 $599,000
1012 CAMIELLIA DRIVE, ALAMEDA 3/2;1623 $659,900
2110 CORKTREE LANE, SAN JOSE 5/3;1772 $509,575
790 DIADEM DRIVE, SAN JOSE 3/1;1141 $285,000
1058 DURNESS PLACE, SAN JOSE 3/2;1238 $339,900
2802 EAST AVENUE, HAYWARD 5/3;3412 $525,000
2575 EASTON WAY #84 SAN JOSE $197,900
130-132 EASTWOOD COURT, SAN JOSE4/2;1493 $349,900
1401 EXCELSIOR AVENUE, OAKLAND; 3/1, 1200 $414,900
2466 GOLZIO COURT #4, SAN JOSE 2/1;798 $184,500
401 GRANT (S) STREET, SAN MATEO 3/1;1040 $664,900
2816 HIDDEN LANE, HAYWARD 3/2;1800 $519,900
3265 HILLS DRIVE (EAST), SAN JOSE 3/2;1496 $349,900
980 IROQUOIS AVENUE, LIVERMORE 3/2;1282 $299,900
6371 JOAQUIN MURIETA AVE #A, NEWARK 2/1.5;1132 $279,900
5510 JUDITH STREET, #1 SAN JOSE 2/1;810 $194,900
10090 KENILWORTH WAY, SAN JOSE 3/1;1024 $284,900
706 LAKEFAIR DRIVE, SUNNYVALE 3/2;1108 $459,900
3009 LA TERRACE CIR #70 SAN JOSE 2/1; 904 $314,900
3785 LAMOUREUX ST, SAN LEANDRO 3/2;1517 $379,900
4942 LEIGH AVENUE, SAN JOSE 3/2;1110 $498,900
2751 LONE BLUFF WAY, SAN JOSE 3/1.5;1075 $239,900
4536 LAS LOMITAS DRIVE, PLEASANTON 3/2;1249 $489,900
520 MACARTHUR AVENUE, REDWOOD CITY 2/1;1030 $399,900
1070 MARYANN DRIVE, SAN JOSE 3/1.5;1156 $545,000
19553 MEEKLAND AVENUE, HAYWARD 3/3;1332 $308,750
708 MINER ROAD, ORINDA 4/3.5;3557 $1,499,900
6223 MONADNOCK WAY, OAKLAND 2/1;957 $160,000
2861 MOUNT DIABLO STREET, CONCORD 3/2;1281 $239,900
1540 MOUNT SHASTA DRIVE, SAN JOSE 3/2;1198 $339,530
593 OLDBROOK COURT, SAN JOSE 4/2;1220 $299,900
ADDRESS LIST PRICE
1775 PANDA WAY #342, HAYWARD 2/2;900 $199,900
1260 PERMATA COURT, SAN JOSE 1/1;696 $164,900
3453 PISTACHIO DRIVE, SAN JOSE 3/1.5;1157 $174,900
30 POTEL TERRACE, FREMONT 3/2.5;1663 $513,900
75 RANCHO DRIVE, SAN JOSE 2/2;991 $199,900
2144 RIO GUACIMAL COURT, SAN JOSE 3/1.5;1180 $190,000
1625 SAN ANTONIO ST (EAST), SAN JOSE 2/1;625 $224,900
130 SAN FERNANDO (EAST) #402, SAN JOSE 2/2;1622 $543,200
2827 SAN JUAN BLVD., BELMONT 3/3;2380 $630,500
1617 SCOTTY STREET, SAN JOSE 3/1;960 $244,900
335 SENTER ROAD, SAN JOSE 3/2;1473 $427,500
125 SERRAVISTA AVENUE, DALY CITY 4/3/2080 $742,900
1196 SHORTRIDGE AVE., SAN JOSE; 2/1.25, 1672 $339,000
374 SPARLING DR, HAYWARD 3/2;1747 $259,900
5503 SPINNAKER DR #4 SAN JOSE 2/1; 798 $190,000
5054 SNOW DRIVE, SAN JOSE 3/1;1104 $274,900
260 SUNSET BLVD. #39, HAYWARD 2/1.5;1016 $164,900
1436 TAPER, SAN JOSE 4/2.5;1728 $399,900
1451 TERILYN AVE, SAN JOSE 3/2;1178 $319,900
5836 THORNTON AVENUE, NEWARK 4/2;1503 $429,900
1505 TURANDOT COURT, SAN JOSE 2/1.5;988 $227,900
2835 WILSON COMMON, FREMONT 3/2.5;1748 $469,900
646 WOODLAND TERRACE, SAN JOSE 4/3;2232 $599,900
2271 WOODRANCH ROAD, SAN JOSE 5/3;2449 $775,000

NCalCCIM Silicon Valley District Meeting

NCalCCIM Silicon Valley District Meeting

Silicon Valley Update, Sunnyvale becomes a developerThis meeting’s speakers will give you an excellent picture of what is going on in Sunnyvale and the Silicon Valley and will help you identify economic and commercial real estate trends.Connie Verceles – Sunnyvale Economic Development Director. Connie will give an update on the exciting changes going on within Sunnyvale. Some of the topics covered will be the new Sunnyvale Town Center mall with over 1 million square feet of retail, 275,000 sq feet of office and 292 residential units in a huge mixed use development. Other topics will include over 3 million sq feet of office development projects in Moffett Park and the closure of Onizuka Air Force station and possible uses for it.Kara LaPierre – Joint Venture Silicon Valley Executive Director of the Economic Development Alliance. Kara will speak about the region’s economy, what the economic development community is doing, and what it all might mean to the commercial real estate industry. Most South Bay cities are part of Joint Venture Silicon Valley and you will learn about the issues affecting the South Bay economy.Coffee will be served and the meeting is free of charge.

WHEN
Tuesday, September 23, 2008 8:30 AM - 10:30 AM

WHERE
UCSC Extension-Sunnyvale
1180 Bordeaux Drive
Sunnyvale, CA

View Event Summary

View Event Agenda

RSVP
Monday, September 22, 2008

Mario@interorealestate.com

Sharon Heights Condo Listing Price REDUCED

Recently just relisted and REDUCED IN PRICE is a beautiful 1860 square foot, 2 bedroom, 2 bath condo in prestigious Sharon Park complex in west Menlo Park. Drive through the fairways to reach your quiet, idyllic, serene home. Walk to the pool and spa. The home features a very large master bedroom suite with two walk in closets AND two additional closets. The master bath has two entrances - one for each of you. A private deck looks over the rolling hills and the golf course - at an appropriate distance of course. Large living room & dining room perfect for entertaining. Two parking spaces in the underground garage. This is a great value in the very hot Menlo Park market. Offered at $959,000. Please contact my assistant if you would like a tour krasmussen@interorealestate.com .

Cambrian/San Jose Bank Owned Home

With a little TLC this is an excellent house and the price is just right. It is a bank owned home in the Cambrian/San Jose area, listing price $499,900. This home is a 3 bedroom 2 bathroom with a very nice front yard on an excellent street. For more information on bank owned homes or this specific property please contact krasmussen@interorealestate.com

Bay Area Apartment Brokers Forum: Guest Speaker - Puneet Singh, Nuisance Tenants

Group: Bay Area Apartment Brokers Forum - Established 1986 - (22 Years)
Guest Speaker: Puneet Singh - Managing Partner, Kimball, Tirey & St. John LLP
Topic: Nuisance Tenants 2008
Date: Wednesday, September 10, 2008 - 8 AM
Place: First American Title Company, 1737 North First St., San Jose
Breakfast: Continental Breakfast - no charge - First American Title/Exchange
Chairman: Richard Domich - CB Richard Ellis
Vice Chairman: Keith Suddjian - Cornish & Carey
Membership: Kari Noomen - Washington Mutual
Sponsor: Mary Kay Kennedy - First American Exchange
Sponsor: Joe Campi - First American Title
Sponsor: Paul Monaco - First American Title
Note: All present will have an opportunity to present their listings, buyer requirements, as well as their analysis of current events and market trends that directly effect the multi-housing (apartment) industry in Silicon Valley and greater Bay Area.
Adjournment: 9:30 AM
Oct. 8, 2008 Ken Orvick - Apartment Management Issues 2008
Nov. 12, 2008 Michael Thomas - How Technology is Changing Real Estate
Dec. 10, 2008 Robert Meyer - Tenant-In-Common Update - Proposed NAR Exemption

Fannie Mae & Freddie Mac

Interesting how two pseudo-government agencies, are now owned by the US Government. Seems as if they were guaranteed by the Fed, that it would suffice. Of course not. Guarantees were only for a small amount of loans - which was the assumed risk factor. The guarantee was never for a system that was about to implode due to wild speculation being generated from Wall Street (for the rationale and map of this statement - it was covered months ago). The FDIC too was formed to give confidence to bank depositors - that security as we all know now was like a carefully worded insurance policy with many limitations and outs for the insurer.
OK, enough Monday morning rambling - what does this mean for you and me? Interest rates will come down - confidence in the market has just improved. Lower interest rates will boost home sales. And more loan products will eventually enter the market. The loans that are highly anticipated are short term loans for people who lost their homes to foreclosures. This is always the case after a downturn in the market. When that happens, the market will again begin to percolate.

REO homes today

It is amazing what can be purchased in Milpitas, Berryessa, Evergreen, South San Jose and Blossom Valley now under $500,000. I just showed 11 homes this afternoon and all were well priced bank owned homes in decent locations and almost decent condition. Time to start taking advantage of a market that has been finally beaten up to deliver good deals.

Reo-Bank Owned Campbell Single Family Home

Lucky buyer will live in beautiful Campbell in a very desirable neighborhood. The home needs some work and updating but has great potential to fix up just how you like. This home is spacious with a separate family room, bright kitchen, with larger backyard and bedrooms. Reo-Bank owned property, Listing price $639,000

Top 10 Wealthiest Cities in America

Did you know Sunnyvale is one of the Top 10 Wealthiest Cities in America??

Quick Facts

Population: 140,516

Wealth index: 11.00 points

Note: Positive score indicates local wealth is higher than normal; negative score, lower than normal.

Wealth profile (Ranks in parentheses)

Per capita income: $38,058 (13th of 261)

Median Household income: $79,926 (11th o 261)

Incomes of $200,000 or more: 8.5% (12th of 261)

Upper 20% threshold for income: $148,437 (6th of 261)

Median home value: $708,700 (7th of 261)

Upper 25 threshold for home value: $900,700 (8th of 261)

Note: Study group includes 261 communities with populations above 100,000.

Save Mart Anchored Shopping Center in Fresno, CA

Figarden New Town

Fresno, Ca

• Purchase Price: $10,270,577
• Cap Rate: 7.25%
• Building Area: 36,461 SF
• Building $/PSF $261
• Year Built 2001
• Occupancy: 87%
• Anchored by newly renovated Save Mart supermarkets
• Tenant Mix includes Carl's Jr., Kragen, Starbucks, Subway, H&R Block, Advance America
• Offering includes Jiffy Lube ground lease
• Neighboring tenants include Walgreens, Ave Hardware, Golden One Credit Union
• Traffic Exposure on Figarden Drive: 55,144 cars per day
  

Bay Area Apartment Brokers Forum, Wednesday, September 10, 2008

Group: Bay Area Apartment Brokers Forum - Established 1986 - (22 Years)
Guest Speaker: Puneet Singh - Managing Partner, Kimball, Tirey & St. John LLP
Topic: Nuisance Tenants 2008
Date: Wednesday, September 10, 2008 - 8 AM
Place: First American Title Company, 1737 North First St., San Jose
Breakfast: Continental Breakfast - no charge - First American Title/Exchange
Chairman: Richard Domich - CB Richard Ellis
Vice Chairman: Keith Suddjian - Cornish & Carey
Membership: Kari Noomen - Washington Mutual
Sponsor: Mary Kay Kennedy - First American Exchange
Sponsor: Joe Campi - First American Title
Sponsor: Paul Monaco - First American Title
Note: All present will have an opportunity to present their listings, buyer requirements, as well as their analysis of current events and market trends that directly effect the multi-housing (apartment) industry in Silicon Valley and greater Bay Area.
Adjournment: 9:30 AM
Oct. 8, 2008 Ken Orvick - Apartment Management Issues 2008
Nov. 12, 2008 Michael Thomas - How Technology is Changing Real Estate
Dec. 10, 2008 Robert Meyer - Tenant-In-Common Update - Proposed NAR Exemption

Evergreen Valley Bank Owned Home

We are now tracking a newly listed bank owned single family in Evergreen. This home is great for first time buyers and on a very nice lot with great surrounds such as; parks, schools, shopping centers and more. The home is a 3 bedroom 2 bathroom home and 1158 square feet on a 6000 square feet lot. Listing price $449,000. Please contact my assistant krasmussen@interorealestate.com to find out more details on this listing or if you would like general information on purchasing a bank owned home.

Absolute NNN Lease - Famous Dave's - Vista, CA

Famous Dave's

Vista,CA

Price $4,600,000

• Rentable Square Feet: 6,339
• Price/SF: $725.67
• CAP Rate: 6.50%
• Year Built: 2007
• Lot Size: 28,314
• New 16 year absolute NNN lease
• Adjacent to California Pizza Kitchen,Chili's & The Wave Waterpark
• Located less than 1/4 mile north of Highway 78
• Other nearby tenants include Staples, Lowe's & the Krikorian 15 MegaPlex

Beautiful Bankok Listings

For sale 2 brand new condos adjacent to each other on the 26th floor of Baan Rajprasong (see http://www.baanrajprasong.com/). Baan Rajprasong is near Ratchadamri BTS sky train station with panoramic views of Lumpini Park. The building is on crown property and the leasehold period is 30 years with option to extend a further 30 years. The one bedrooms/one bathroom unit is type A3 (see http://www.baanrajprasong.com/floorplan/typea3.html for floor plan) and 77 square meters (about 829 square feet). Asking Price: US $260,000. The other unit is a three bedroom/2.5 bathroom unit that is a type C (see http://www.baanrajprasong.com/floorplan/typec.html for floor plan) and 168 square meter (about 1808 square feet). Asking price: US $570,000. For more information please email me mario@interorealestate.com.

REMINDER: Peninsula Investment Forum, Tuesday, August 26, 2008

On Tuesday August 26, 2008 you don't want to miss the Peninsula Investment Forum Marketing Meeting. The guest speakers for this meeting will be Vlad Shlafman, development manager of Highland Development Company, and Ali Warner, Land Acquisition Manager of Urban Housing Group. Vlad and Ali will give us an inside look into the investment and development companies and also discuss the apartment and retail market today, and what they are looking for in terms of acquisitions.

Locations: First American Title
1700 South El Camino Real, San Mateo, Ca

Time: Starts at 7:45 A.M.

If you have any questions please contact krasmussen@interorealestate.com

Cupertino Bank Owned 3bed/2 bath Home

Rarely do bank owned homes become available in Cupertino so now's your chance to check out this stunning home. The 3 bedroom 2 bathroom home has a very functional floor plan with hardwood floor throughout, updated kitchen with newer cabinetry, granite counter tops and island. The master suite has his and her closets and vanities, jetted tub, and individual stall shower. This home offers a lot of potential and in some need of fixing, but don't forget about location location location. For more information please contact krasmussen@interorealestate.com .

Santa Teresa Bank Owned Single Family Home

This is a great bargain, you can live in a terrific neighborhood in a very desirable Santa Teresa area. The 4 bedroom/2 baths has wonderful potential with a nice floor plan and spacious rooms. Very private fenced back yard with swimming pool that has been recently drained/cleaned and ready to enjoy the summer.

BANK OWNED!!!

Listing price: $569,900

Sq ft: 1758

Lot Size: 6120 Sq ft

Trust & Estate Planning Seminar August 27th

Trust, Estate, Planning & Form of Title Issues that All Agents Should Understand

Special Discussion Topic

WHAT ARE A SELLER'S OPTIONS WHEN THE NEW ADMINISTRATION RAISES THE CAPITAL GAINS TAX?

Wednesday August 27,2008, 10:00a.m.

Chicago Title Seminar Room

20100 Stevens Creek Blvd

Cupertino, CA 95014

THIS WORKSHOP WILL BE IMPORTANT TO YOU IF ANY OF THE FOLLOWING ARE TRUE:

• You are not sure what the differences are between Joint Tenancy & Community Property Forms of Title
• You want to know more about Private Annuity Trusts
• Your are a 1099 Employee
• You would like to deduct costs of your family's health care
• You would like to guarantee that your investments can not go down in value
• You are one of the 85% of American Investors who is dissatisfied with their investment advice you are or not receiving.

This workshop will be give by CARL L. DIMEFF, Attorney at law and members of his staff. Mr. Dimeff is a nationally recognized speaker on estate planning and tax planning issues. he has been interviewed by, and quoted in, the Wall Street Journal. His office represents hundreds of small businesses by helping them make the Internal Revenue Code work for their clients rather than against them.

RSVP. SPACE IS LIMITED

Please contact Krasmussen@interorealestate.com

Make A Great Investment Now!!

Hester Apartments

Listing Price $3,000,000

San Jose, Ca

Number of Units: 20

Price per unit: $150,000

CAP Rate: 5.86%

Gross Living Area: 14,768SqFt

Lot Size: 27,010SqFt

Parking: Carports

For more details contact krasmussen@interorealestate.com

Unique Mediterranean Themed Townhome

I came across this extremely unique listing today in Mountain View, Ca that is a must see. Luxuriously renovated 3 bedroom 2.5 bathroom townhome furthering the Cuernavaca Mediterranean theme. This home has had the living room area expanded and a very graceful staircase has been added. The community has a lot to offer with pools, tennis, clubhouse, workout room and good schools. Listing price $1,295,000.

For more details please email my assistant krasmussen@interorealestate.com.