360 Residences Now For Rent

One of the three landmark buildings in downtown San Jose just opened their doors as an apartment complex. 360 Residences was developed as a condo project some 4 years ago.  The developers originally took deposits on the unfinished units to sell.  The market got softer and many of the purchase contracts went into limbo or the deposits were returned.  In 2010, the building was re-introduced into the for sale market with new pricing.  But... sales did not go well and the whole building eventually reverted back to the Bank that lent on the project.  Kennedy Wilson - a real estate investment group - bought the loan and eventually the property from US Bank.  Kennedy Wilson plans to hold the asset as a rental property for the foreseeable future.  The apartment market in Silicon Valley is very hot and Kennedy Wilson will be a happy landlord.  Years from now, if economies turn to a much more favorable condo sale market, then we may see 360 Residences emerge again as hot condos to buy.

Three Great Downtown San Jose 2 Bedroom Condos for Sale

I just toured my favorite downtown San Jose new construction condos and have a short list of the three best 2 bedroom 2 bath units. There are many considerations when choosing which floor plan, floor and orientation. Some floor plans are wonderful and some leave a lot to be desired. This is also paired with what the developers are pricing them for at the time. Many new construction developers put some slow selling units on "sale" and others are priced at a premium. Which one you choose will make an impact on your happiness living there and the ease of sale or rental when you move to your next home. Let me help you with the process of picking the best downtown San Jose condo for you, now and in the future.

Axis San Jose 9th Floor Condo for Sale with Great Views

9th floor corner unit for sale in the Axis for $557,000. 1,296 square feet, 2 bedrooms, 2 baths. This unit has wonderful views of the pool area and views between the neighboring buildings to downtown San Jose. Very nice living space and large kitchen make this a showcase unit to call home. Call us for a private showing of the rare corner unit at San Jose's great Axis condo building.

San Jose Condos for Sale & FHA Loans

Linda Phuong, my favorite underwriter at CS Financial in Campbell just updated www.bayareainvestmentrealestate.com about the coming extra costs of mortgage insurance on FHA loans. Linda is a DRE licensed underwriter who is the final decision maker on home loans. This is a huge advantage when you have a true pre-approval in order to make an offer on your next home or for a refinance.

Downtown San Jose Bank Owned Condo for Sale

Check out this awesome deal at 167 E. Empire Street in downtown San Jose for a bank owned condo. 2 bedrooms, 1 bath, 876 square feet, Low HOAs of $284 per month and a nice location at the corner of North 5th Street. Very aggressive pricing by Saxon Bank on this REO condo in downtown San Jose. Call me on my cell to tour this property today.

Downtown San Jose Condos for Sale with Down Payment Assistance!

At the Axis:

You can buy a stunning condo with a little help from the City of San Jose and Axis.
You could get up to 20% of the purchase price for a down payment on a new condominium home at Axis through the City of San Jose's Building Equity & Growth In Neighborhoods (BEGIN) program.

Talk to me about getting approved for this program before the limited funds are used up.

The BEGIN program details are as follows:

First-time home buyers or if you had no home ownership for the past three years.

Receive up to 20% of your down payment if you qualify.

Deferred payments on the 20% down payment.

Ryland Park Downtown San Jose Condo in Escrow

This San Jose condo in Ryland Park is a beautiful one bedroom one bath and is now a pending short sale. This magnificent condo is located close to shopping, schools and more. It is a 950 square foot nine year old condominium built in 2001. This well maintained loft is in the heart of downtown san jose selling for only $250,000. This also features a pool for condo owners only. It has a beautiful good sized kitchen combined with stainless steel appliances and a combined dining area. The condo also has a private patio, beautiful hardwood floors in the kitchen and carpet in the other rooms.
Call us for other opportunities in new and resale units. Currently this downtown San Jose short sale condo is pending sale.