February 3, 2012 29060 Eden Shores Drive 29176 Eden Shores Drive 25850 Kay Avenue #133 24720 Magnolia Street 1998 Osage Avenue 28575 Starboard Lane
WHAT’S HAPPENING’S TRI-CITY VOICE 94545 94545 94545 94545 94545 94545
519,500 570,000 103,000 248,000 315,000 460,000
5 5 2 3 4 4
2687 2894 1007 1121 1824 1835
MILPITAS | TOTAL SALES: 10 Highest $: 785,000 Median $: Lowest $: 145,000 Average $: ADDRESS
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105 Casper Street 1026 Claridad Loop 420 Dempsey Road #123 436 Dempsey Road #238 155 Folsom Place 682 Kirkwall Place 385 Sandhurst Drive 664 Singley Drive 45 Sun Song 807 Tassasara Drive
95035 95035 95035 95035 95035 95035 95035 95035 95035 95035
SOLD FOR BDS
375,000 585,000 219,500 145,000 335,000 785,000 504,500 475,000 423,000 732,500
3 3 3 1 2 4 3 4 2 3
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35463 Breton Drive 6366 Buena Vista Drive #A 36118 Cherry Street 35507 Cleremont Drive 35185 Lido Boulevard 35197 Lido Boulevard 37221 Locust Street 36726 Port Fogwood Place 5439 Portsmouth Avenue 5845 St. Matthew Drive
94560 94560 94560 94560 94560 94560 94560 94560 94560 94560
SOLD FOR BDS
330,000 219,000 275,000 330,000 140,000 190,000 310,000 333,000 495,000 352,000
4 2 3 3 2 3 3 3 4 4
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324 Accolade Drive 94577 2239 Buena Vista Avenue 94577 69 Dorchester Avenue 94577 678 Estudillo Avenue 94577 1245 Gardner Boulevard 94577 1399 Gardner Boulevard 94577 433 Harlan Street #101 94577 509 Lewis Avenue 94577 2278 Marina Boulevard 94577 575 Oakes Boulevard 94577 14566 Santiago Road 94577 1480 Timothy Drive 94577 369 Warren Avenue 94577 344 West Broadmoor Boulevard94577 1734 138th Avenue 94578 1628 151st Avenue 94578 1619 162nd Avenue 94578 1098 Grace Street 94578 16387 Panoramic Way 94578 1981 Placer Drive 94578 1661 Renaissance Lane 94578 15069 Robin Street 94578
SOLD FOR BDS
350,000 250,000 275,000 267,000 254,000 190,000 120,500 245,500 280,000 355,000 330,000 233,000 250,000 211,000 315,000 170,000 235,000 250,000 269,000 380,000 262,000 225,000
4 2 4 2 3 3 3 2 3 2 3 3 3 2 3 2 3 3 2 4 3 4
16522 Russell Court 14570 Sylvia Way 14962 Swenson Street
423,000 457,950 BUILT
CLOSED
1956 2006 2007 2007 1983 1982 1997 1972 2000 1979
01-12-12 01-06-12 01-06-12 01-17-12 01-13-12 01-17-12 01-06-12 01-17-12 01-13-12 01-13-12
310,000 297,400
SQFT
BUILT
CLOSED
1450 1448 1100 1442 972 1232 1308 1452 1829 1464
1960 1984 1960 1960 1971 1971 1967 1976 1963 1974
12-30-11 01-03-12 12-30-11 12-27-11 01-03-12 12-30-11 12-30-11 12-29-11 12-28-11 12-27-11
254,000 260,160
SQFT
BUILT
CLOSED
1627 1587 1582 1168 1208 1008 1033 1573 1447 1903 1196 1015 1196 1172 1226 772 1404 1287 1453 1770 1296 1381
2002 1938 1944 1947 1942 1942 1964 1938 1990 1928 1963 1944 1925 1929 1947 1941 1944 1947 1954 1954 2004 1946
12-29-11 12-30-11 01-03-12 12-30-11 12-27-11 12-30-11 12-30-11 12-28-11 12-29-11 12-28-11 12-29-11 01-03-12 12-29-11 12-28-11 12-29-11 12-27-11 12-27-11 12-28-11 12-29-11 12-30-11 12-29-11 12-30-11
94578 94578 94579
265,000 251,000 271,000
3 2 3
1685 995 1073
SAN LORENZO | TOTAL SALES: 06 Highest $: 315,000 Median $: Lowest $: 179,000 Average $: ADDRESS
1116 1772 1021 676 1352 2690 1479 1845 1534 2217
SAN LEANDRO | TOTAL SALES: 25 Highest $: 380,000 Median $: Lowest $: 120,500 Average $: ADDRESS
12-29-11 12-29-11 12-30-11 12-29-11 12-27-11 12-27-11
SQFT
NEWARK | TOTAL SALES: 10 Highest $: 495,000 Median $: Lowest $: 140,000 Average $: ADDRESS
2004 2004 1989 1959 1964 2007
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1827 Bandoni Avenue 862 Hacienda Avenue 1041 Santa Ana Street 15862 Via Del Sol 17259 Via El Cerrito 1886 Via Rancho
94580 94580 94580 94580 94580 94580
SOLD FOR BDS
280,000 206,000 179,000 221,500 315,000 310,000
3 3 3 3 3 3
33712 3rd Street 33605 4th Street 33707 4th Street 32901 Antioch Court 2454 Bing Place 4788 Cabello Street 1022 Chalcedony Terrace #83 33598 Colgate Drive 34951 Eastin Drive 4311 Fellows Street 4373 Holt Street 4191 Horner Street 2137 Mann Avenue #2 2348 Medallion Drive 1877 Slate Drive 34819 Starling Drive #2 34356 Torrey Pine Lane
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94587 94587 94587 94587 94587 94587 94587 94587 94587 94587 94587 94587 94587 94587 94587 94587 94587
fore to win support for such a tax on large banks. The plan would expand the administration's Home Affordable Refinance Program, which allows borrowers with loans backed by government-affiliated mortgage giants Fannie Mae and Freddie Mac to refinance at lower rates. About 1 million homeowners have used it, well short of the 4 million to 5 million the Obama administration had expected. Moreover, many ``underwater'' borrowers - those who owe more than their homes are worth - couldn't qualify. The administration estimates that 3.5 million borrowers with privately held mortgages have high enough interest rates that they would have incentive to refinance under the new plan. That's in addition to 11 million borrowers who have Fannie- or
SOLD FOR BDS
245,000 148,500 290,500 391,000 400,000 434,000 383,000 370,000 850,000 393,000 380,000 345,000 140,000 350,000 510,000 135,000 585,000
4 3 3 4 4 4 3 4 5 4 3 2 2 3 4 2 4
221,500 251,917
SQFT
BUILT
CLOSED
1252 1051 959 1000 1471 1504
1955 1947 1950 1944 1950 1955
12-30-11 12-29-11 12-30-11 12-28-11 12-28-11 12-29-11
UNION CITY | TOTAL SALES: 17 Highest $: 850,000 Median $: Lowest $: 135,000 Average $: ADDRESS
1952 12-30-11 1945 12-30-11 1952 12-30-11
380,000 373,529
SQFT
BUILT
CLOSED
1186 804 1442 1419 1991 1781 1675 1463 3644 1823 1555 896 903 1383 1988 903 2244
1925 1915 1976 1984 1972 1990 2006 1968 2000 1985 1984 1897 1972 1986 1997 1972 2000
01-03-12 12-27-11 01-03-12 12-30-11 12-30-11 12-30-11 12-30-11 12-30-11 12-30-11 12-30-11 12-28-11 12-30-11 12-30-11 12-29-11 12-29-11 12-28-11 12-30-11
Freddie-guaranteed loans who could be eligible for refinancing under the administration's proposed changes. The new administration plan would permit homeowners to refinance their mortgages into loans backed by the Federal Housing Administration. To qualify, borrowers with privately held mortgages would have to have no more than one delinquency in the six months preceding refinancing. Their loans would have to fall within the mortgage limits set by the FHA in their home counties. Under the program, banks would have to reduce mortgage balances for homeowners who owe more than 140 percent of the value of their homes. The features of the new proposal were confirmed Wednesday by a senior administration
official who spoke on the condition of anonymity to discuss the program ahead of Obama's remarks. The Wall Street Journal first reported the details Wednesday. The Obama administration also plans to announce new industry standards for mortgage servicers, a sort of ``bill of rights'' for borrowers that would protect them in their transactions. Obama also is expected to announce a program that would allow the sale of foreclosed homes by Fannie Mae to investors who would then offer the properties for rental. Administration officials say there is a high demand for rental housing and such a program would also sustain neighborhoods by keeping foreclosed homes from falling into disrepair. Though the administration's preferred means of paying for the program would be through a fee on large banks, administration officials say Obama would consider other means of paying for it. A punctured housing bubble was at the center of the recession, prompting widespread foreclosures and leaving millions of homeowners with houses valued at less than their mortgages. Hit hardest were Nevada and Florida, two states that figure prominently in the presidential campaign and that Obama is counting on winning to secure re-election. Under the refinancing plan, any homeowner current on his or her mortgage could take advantage of historically low lending rates. The average rate for a 30-year mortgage is 3.88 percent. About 11 million Americans - roughly 1 in 4 with a mortgage - are underwater, according to CoreLogic, a real estate data firm. Half of all U.S. mortgages about 30 million home loans are owned by nongovernment lenders.