Altaire Palo Alto

San Francisco Chronicle has some interesting comments about new homes in Palo Alto. The article describes Altaire Palo Alto development by Regis Homes.

Palo Alto has the feel of a small, leafy university town even though its inhabitants number 63,000.
Sometimes called the Jerusalem for geeks, it is now busily adding housing for all those techies including the newest development, Altaire, which consists of 96 townhomes plus seven flats built above a 3.5-acre parking podium.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/10/17/REFD1A5SFR.DTL

Oak Grove Cupertino

The Oak Grove Cupertino is a new homes development by Barry Swenson off South De Anza Boulevard at terminus of Duckett Way in San Jose. Oak Grove is 18 new homes on 1.82 acre site. This land previously been used for residential property and the home on 1566 Duckett Way has been sold for $4,785,000 in May of 2007.

Oak Grove development priced by Barry Swenson around $900K (for 3 bedrooms and 3.5 bathrooms townhouse) all new homes go with own 2 car garage and plenty of stairways, imagine that you have walk those three levels every day up and down, up and down. The Oak Grove home price is reasonable for Cupertino real estate, where median home price of single family house was priced around $850,000 in 2009.

The Oak Grove Cupertino located within the Cupertino Elementary School District and the Fremont Union High School District. Based on proximity to the complex location, students generated by the development would attend Blue Hills Elementary School, Joaquin Miller Middle School, and Lynbrook High School. HOA fee is $285 and covers water, landscaping, gardening, roofs and common area amenities.

Oak Grove Cupertino located at 1526 Duckett Way, San Jose, CA 95129

Satake Estates Mountain View

New homes in Los Altos School District - Satake Estates Mountain View is one of Summerhill Homes newest developments located on the former site of the Satake Nursery, where green plants were grown and sold. Satake Estates is approximately a little more than six acres and eventually there will be 30 new homes built in phases. The entire home development is expected to be completed by 2011. Currently Satake Estates Mountain View, prices range from $1,500,000 to over $2,000,000 and do not include upgrades. Satake Estates two-story home sizes range from 2200 square feet up to approximately 3300 square feet with large garages. Lots range from approximately 6000 square feet to slightly over 11,000 square feet.

Most likely this new Mountain View home development is overpriced for the surrounding neighborhood, but Summerhill Homes just tries to get back $21 millions paid for the six acreas of Satake Nursery. Potential home owner could probably buy an old home with bigger lot in the nearest Los Altos, remodel it and have better home price appreciation because of Los Altos address.

As the nearest new Mountain View home development Miramonte - Satake Estates owners are only a few steps away from the work and entertainment – fifteen minutes walk takes home owner to the restaurants, sidewalk cafes of Downtown Mountain View, twenty five minutes walk to Mountain View Caltrain and Light Rail station, ten minutes drive to offices of Google, Intuit, Microsoft, LinkedIn or any other company in North Bayshore district of Mountain View.

Satake Estates offers access to Los Altos district schools, namely Springer Elementary School, Black Junior High and Los Altos High School.

Satake Estates by SummerHill Homes located on the former Satake Nursery site at 1079 Marilyn Drive in Mountain View.

San Jose high rise condos

Most of the new downtown San Jose condos in the recently build high-rise residential towers Axis, The 88, Three Sixty Residences and City Heights remain less than half sold, despite the historically low interest rates and the fact that developers were forced to drop their prices. Perhaps now is the time to put new condos on the real estate market as rental condos like it was done recently for Skyline at Tamien homes.

Axis
Developer : KT Properties
Address : 38 N. Almaden Blvd. , San Jose
Floors: 22
Units: 329
Penthouses: 16
Prices: From the high $300,000s to $2 million
HOA Fee : $350 - $500
Units sold since opening September 2008: 75

The 88
Developer : Wilson Meaney Sullivan
Address : 88 E. San Fernando St. , San Jose
Floors: 22
Units: 197
Penthouses: 8
Prices: From the high $300,000s to more than $1 million
HOA Fee : $500 - $700
Units sold since opening in May 2009: 48

Three Sixty Residences
Developer : Mesa Development
Address : 360 S. Market St. , San Jose
Floors: 23
Units: 213
Penthouses: 6
Prices: $400,000 to more than $2 million
HOA Fee : $595 - $800
Units sold : 90

City Heights
Developer: Barry Swenson Builders
Address : 175 W. St. James St., San Jose
Floors: 16
Units: 124
Penthouses: 8
Prices: $310,000 to more than $1 million
HOA Fee : $375 - $450
Units sold since opening in January 2008: 65

Las Palmas Cupertino

New homes in Cupertino School District – Las Palmas Cupertino is 20 new homes located on the west side of North Stelling Road, between highway I-280 and Homestead Road near the border with Sunnyvale. Villa Serra apartments situated on the other side of North Stelling Road while Cupertino Valley Church adjacent directly to Las Palmas new town homes. The highway 280 stream is just below new Cupertino homes.

The price for Las Palmas Cupertino homes starts from 700,000 for three bedroom and 2.5 bathroom home. The 1.1-acre parcel where news homes are standing now homes has been sold in 2007 for $4,200,000.

Las Palmas will bring more students to amazing Cupertino schools, because the new town homes located within the Cupertino and Fremont school districts. Residents of Las Palmas new home development would send their children to Garden Gate Elementary School, Cupertino Middle School and Homestead High school.

Property location - 10855 N Stelling RD, Cupertino, CA 95014

Mountain View new homes

A developer has proposed 400 homes and 225,000 square feet of new retail space for the San Antonio shopping center in Mountain View. San Francisco based developer Merlone Geier Partners is in contract to buy a 16 acre portion of San Antonio Center where Sears, Rite Aid and other stores now sit. The firm's proposal includes fourth grocery store in this area, several shops, a Santana Row style "Main Street" along the Hetch Hetchy aqueduct right of way, podium parking and two large apartment buildings, one of which is 10 stories tall. An alternative plan includes a small 2,200-seat movie theater instead of the new housing in Mountain View.

This portion of Mountain View is in the Los Altos School District attendance boundaries. Kids from the Crossings (Area bounded by San Antonio Rd., railroad tracks, Showers Dr., and California St. plus 49 Showers Drive) are already being shipped across town to Covington Elementary School instead of going to the nearest Santa Rita Elementary School. I wonder if the Merlone Geier Partners developers have been in contact with the Los Altos School District school district yet.

Axis condos San Jose

The wonderful HDR photos of Axis San Jose condos and surrounding downtown area by Chris Schmauch. By the way the City of San Jose has the downpayment assistance program to the new high rise condos The 88, City Heights, Three Sixty Residences and Axis in the downtown of San Jose. The Homebuyer assistance program of $50,000 for one bedroom units and $60,000 for two bedroom units are available. These are no payment loans - the city loan is due and payable in 30 years or upon transfer of title to the home.