New listing at The Plaza in downtown San Jose. This condo for sale includes 2 bedrooms, 2 bathrooms, and is approximately 1235 square feet. The condo is listed for $300,000 as a short sale. The condo features hardwood floors and plenty of space in the living room and kitchen. The Plaza is located in downtown San Jose just minutes away from the San Pedro Square Market, HP Pavilion, and many other restaurants and theaters.
If you would like more information about this condo for sale at The Plaza, please contact Silicon Valley Lofts & Condos at (408) 297-5638. This property is listed by Janet Houde, Broker. For more information about other condos for sale in downtown San Jose, contact the top downtown real estate agents at Silicon Valley Lofts & Condos at (408) 297-5638.
Have you ever driven past The 88 or Axis and wondered what it would be like to live in one of downtown San Jose’s high rises with their spectacular views and amazing amenities? Well wonder no more. This Saturday, October 29 is the San Jose Condo Crawl Open House. From 12:00 pm – 4:00 pm high-rise complexes Axis, The 88 and City Heights will open their doors so everyone can experience what downtown San Jose urban high-rise living is all about. Print your passport here, then get out and experience downtown San Jose. Take one of the designated walkable routes between buildings, or catch an Eco City Cycle pedicab. Make sure you get your passport stamped at each property – it will be good for a complimentary drink at the San Pedro Square Market, the rendezvous point after the condo crawl.
So spend Saturday afternoon experiencing everything that’s new in downtown San Jose. You never know, you may find your future home.
If you’ve ever thought about moving to a high-rise residential complex in downtown San Jose but are aren’t sure you want to buy before trying downtown living, why not think about renting? Silicon Valley Lofts & Condos has several 2 bedroom, 2 bathroom condos available for rent.
Three units are available at the Park Townsend complex. They range in size from 1583 – 2000 square feet – probably the largest condos you’ll find in downtown San Jose. All the units feature granite counters and stainless steel appliances in the kitchens, walk-in closets, large bathrooms, in-unit laundry, and plenty of storage. They all come with 2 parking spots. Park Townsend is a secure building with secured underground parking, a pool and hot tub, fitness room, and social room with full kitchen. It’s within walking distance of everything downtown San Jose has to offer – restaurants, bars, theater, sports, and special events.
We also have a condo available for rent at the historic Plant 51 on The Alameda in downtown San Jose. The condo is 1200 square feet and features hardwood floors throughout, a beautiful kitchen with granite counters, stainless appliances, and a custom file backsplash. The master bedroom has a walk-in closet, and the master bath features a tile floor, granite counter, and large tiled shower. There is an in-unit full-sized washer and dryer. Plant 51 is a very cool building. The builders wisely kept the old brick facade of the original cannery. It features lushly landscaped outdoor spaces including a BBQ area, several outdoor dining and seating areas, outdoor fire pits, a bicycle storage room, and a very modern fitness room with separate studio and locker room. Cahill Park and Diridon Station are in the Plant 51’s backyard, and the HP Pavilion is one block away.
So come to downtown San Jose and find out what people in-the-know already know – downtown San Jose is a great place to live!
In a not unexpected move, but one that could shake the housing market, credit rating agency Standard and Poors on Monday downgraded the debt of mortgage finance giants Fannie Mae and Freddie Mac. Fannie and Freddie, which were taken over by the government in 2008, fuel home sales by purchasing mortgages from banks. The downgrades to AA+ are part of the continued fallout from the agency’s decision to drop U.S. sovereign debt to AA+, an unprecedented move that rattled investors and sparked concern over the long-term impact of the action.
But at least one fear was not realized amid Monday’s meltdown: the concern that mortgage rates would immediately shoot higher in response to the S & P downgrade. In fact, the initial response to Fannie and Freddie getting cut to AA+ from AAA was precisely the opposite. Mortgage rates declined.
Mortgage rates are set off of the interest rates on U.S. Treasury notes and bonds. Even though Standard & Poors pulled its AAA rating of the United States Friday night, investors still rushed into U.S. Treasury securities Monday as a safe haven. As investors snapped up Treasury notes and bonds, they pushed down interest rates on those securities. On Monday investors demanded slightly higher interest rates for such mortgage-backed securities, increasing the difference- or spread- between mortgage securities and Treasuries. But that increased spread, which normally would result in higher mortgage rates, was more than made up for by the drop in Treasury security yields.
“That flight to safety is completely overshadowing any increase in rates that the downgrade might have brought,” said Keith Gumbinger of HSH Associates, a mortgage research firm.
But experts don’t expect the decline to last long. The bigger issue will be consumer confidence and its impact on an already volatile housing market. So if you’re looking to buy in downtown San Jose, historically low mortgage rates make NOW a great time to buy a loft or condo in downtown San Jose.
Earlier this week, I posted about a 2 bedroom resale unit at Axis, one of downtown San Jose’s luxury highrise condo complexes. There is also a unit up for sale at The 88, downtown San Jose’s other luxury highrise condominium complex. This resale unit at The 88 is 2 bedrooms, 2 bathrooms, 1,199 square feet of living space, with a list price of $695,000. The condo is located on the highrise building’s 12th floor providing views of the foothills.
The 88 is a luxury highrise condo complex located in the heart of downtown San Jose. Amenities at The 88 include concierge service, pool, spa, outdoor lounge with barbecue, and billiards room. The 88 also features a rooftop terrace which allows all of its residents spectacular views from high atop the luxury highrise building.
For more information about this luxury condo or other real estate in downtown San Jose, contact Silicon Valley Lofts & Condos at (408) 297-5638 or via email.
88 E. San Fernando St. #1202
Downtown San Jose
MLS #81132066
There is a very nice 2 bedroom unit for sale over at the high rise condo complex Axis. This is a 2 bed, 2 bath condo unit located on the 8th floor of Axis. This 1,333 square foot condo is a resale unit listed for $565,000. This condo is a corner unit, G floorplan. The floor plan for this piece of real estate includes a den area and a walk-in closet in the master bedroom.
Axis is the award-winning high-rise condo complex located just a short distance from San Pedro Square and HP Pavilion. The high rise community includes concierge service, swimming pool, hot tub, gym, and barbecue area.
For more information about this property at Axis or for similar listings in other high rise complexes in downtown San Jose, contact the agents at Silicon Valley Lofts & Condos at (408) 297-5638 or send an email here.
Perfect new loft for sale in Mariani Square - a one bedroom, two bathroom loft in historic Japantown near downtown San Jose. The loft offers 1,420 square feet of living space in a spacious, open floor plan with vaulted ceilings. The features in this Mariani Square loft include wood beam ceilings, walk-in closet, large open plan kitchen with stainless steel appliances (plus new stainless steel French door refrigerator), granite countertops, central heating and air-conditioning, large windows that offer tons of natural light, and in-unit laundry with new front loading washer and dryer. If you are looking for a loft space, this is the perfect place for you.
Mariani Square Lofts is located in historic Japantown between Jackson and Empire Streets, and 7th and 9th Streets, just minutes from downtown San Jose. The lofts have been converted from the Mariani packing plant warehouse, and retain the fabulous brick exterior. The original water tower from the packing plant overlooks the complex. Mariani Square Lofts features a clubhouse/rec room and landscaped courtyards and walkways. It is within walking distances of the fantastic restaurants and shops of Japantown.
550 Manzana Place is listed at $319,000. Give us a call today at (408) 297-5638 for more information or for a private showing of this unique piece of real estate.
New legislation just signed into law will provide more help for California homeowners on short sales transactions. Governor Jerry Brown recently signed into law SB 458 which provides that any lender agreeing to do a short sale is accepting the short sale payment as payment in full. This means that the lender cannot come after the homeowner for any deficiency resulting after the short sale. This rule originally only applied to first mortgages (SB 931). SB 458 extends this provision to apply to all junior lienholders as well. California homeowners short selling their homes can rest assured that the banks will not be able to seek any recourse against them if the banks agree to the short sale.
If you are considering selling your home or condo, or having difficulties making your mortgage payment, call the knowledgeable real estate agents at Silicon Valley Lofts & Condos at (408) 297-5638. We can talk to you about your options including a short sale of your home.
Hot new condo for sale in downtown San Jose. This foreclosure property should not be confused with a short sale. As a bank-owned REO listing located in The Plaza (MLS #81131025) this sale will reflect more similarly to a traditional sale and is listed for $250,000. This condo is approximately 838 square feet of living space. The condo is a second floor unit with an open floorplan and balcony overlooking downtown San Jose.
If you are not looking for the high rise lifestyle, The Plaza is a great alternative. This mid-rise condo complex is a located in San Jose’s historic St. James District. This community is walking distance to the HP Pavillion, Safeway Market, Diridon Station, Target, Chevy’s, San Pedro Square Market, Gordon Biersch and many other downtown amenities.
If you are intersted in learning more about this bank-owned condo at The Plaza, please contact Nikki Langendorf at (408) 896-4221 or Joey Tsutsui at (408) 838-8293. For additional properties in downtown San Jose, please visit the Silicon Valley Lofts & Condos homepage.
The Plaza
30 E. Julian Street #216
Downtown San Jose
MLS #81131025
List Price $250,000
If you are currently having difficulty making your monthly mortgage payment, like so many other American families, the experienced agents at Silicon Valley Lofts & Condos are here to help and can discuss your options with you. One common solution is to short sell your home. A short sale can be a good option but what is a “short sale”?
*A homeowner is “short” when the amount owed on the property is higher than the current market value.
*A “short sale” occurs when the homeowner’s lender or lenders agrees to accept less than the full balance owed on the loan amount when the property is sold.
But why do a short sale? The real benefit of a short sale is that it allows the homeowner to avoid foreclosure and salvage some of their credit score. The impact on your credit score from a foreclosure can be much more damaging than a short sale. I can explain the pros and cons of a short sale versus a foreclosure.
The downtown San Jose real estate market has experienced difficult times like so many other areas in California and around the country. If you own real estate in downtown San Jose and are finding it difficult to meet the demands of your current mortgage, please call me, Mike Murphy with Silicon Valley Lofts & Condos. I have been very successful in closing short sales transactions. I have helped a number of clients close the short sale of their home thereby saving them the embarrassment and heartache of a foreclosure. Don’t wait before its too late. Call me now and see how I can help you.
Michael Murphy
CA DRE #01869087
Silicon Valley Lofts & Condos
Mobile: (408) 300-3184
Email: mike@siliconvalleylofts.com
Facebook: Mike Murphy
LinkedIn: Mike Murphy
