Newsletter Pleasanton May Volume 1

8/14/2019 Newsletter Pleasanton May Volume 1

1/12

First Wednesday Street Party kicked off in MayWhats Inside

May 2008 Volume 1, Issue 1

Ytt

Pleasanton celebrated Cinco de Mayo aswas planned for First Wednesday StreetParty, the first of the spring and summer sea-son. The popular downtown affair is held onthe first Wednesday of the month throughSeptember and is sponsored by the Pleasan-ton Downtown Association. A beer and winegarden will be located in the parking lot ofRound Table Pizza where music will be play-ing. A variety of beers and local LivermoreValley wines will be available for purchase.

Mark Your Calendar For The Next EventWed. June 4th Night Fever

CEO / Broker

Direct: 925 922-0822

Web: www.HomesByFaran.com

Market Data & Activity 2

Meet Our Team 4

Farans Sold & Pending 6

Current Listings & 7

Commercial Business

Opportunities

Bank Owned Properties as 8

Investment

What is an REO? 9

Community Page 10

Peet's Coffee & Tea

Pleasanton Town Hall 11

Meeting

Featured Listing 12

East Bay Realty

First Event of the summer was Cinco de Mayo-


2/12

Page 2

Quarterly Market Data Report

Luxury Homes Over $1,500,000

Neighborhood Bedrooms Sqft ListPrice SoldPrice $/SqFtHappyValleyClubhouseDr 4 5000 $ 1,999,000.00 $ 1,835,000.00 $ 367.00OhanaPlace 5 4427 $ 1,999,995.00 $ 1,850,000.00 $ 417.89AveragePrice $ 1,999,497.50 $ 1,842,500.00 $ 392.45FoothillLagunaCreekLane/PheasantRidge 5 3992 $ 1,525,000.00 $ 1,425,000.00 $ 356.96MossTreeWay 5 4792 $ 1,575,000.00 $ 1,550,000.00 $ 323.46Benzon/Preserve 4 3953 $ 1,619,000.00 $ 1,600,000.00 $ 404.76ToyonCT/Goldeneagle 4 3900 $ 1,995,000.00 $ 1,950,000.00 $ 500.00GoldenEagleWay/GoldenEagle 4 4235 $ 2,280,000.00 $ 2,080,000.00 $ 491.15KolbRanchDrive/Preserve 5 4500 $ 2,248,000.00 $ 2,191,800.00 $ 487.07AveragePrice $ 1,873,666.67 $ 1,799,466.67 $ 427.23TotalListings 6RubyHillViaDiSalerno 6 5398 $ 2,149,000.00 $ 2,000,000.00 $ 370.51GermanoWay 5 4862 $ 2,239,000.00 $ 2,180,000.00 $ 448.38ViaDiSalerno 5 6647 $ 3,499,000.00 $ 3,250,000.00 $ 488.94WestRubyHillDrive 5 10200 $ 6,490,000.00 $ 5,494,000.00 $ 538.63OvellaWay 4 4339 $ 1,600,000.00 $ 1,600,000.00 $ 368.75ViaDiSalerno 5 4747 $ 1,800,000.00 $ 1,760,000.00 $ 370.76Spumante 4 3793 $ 1,850,000.00 $ 1,740,000.00 $ 458.74AveragePrice $ 2,803,857.14 $ 2,574,857.14 $ 434.96CastlewoodBunker 4 3606 $ 1,798,500.00 $ 1,638,000.00 $ 454.24BrionesCt 4 4300 $ 1,679,000.00 $ 1,595,000.00 $ 355.81HearstDrive/KottingerRanch 5 3400 $ 1,595,000.00 $ 1,565,000.00 $ 460.29Martin

Ave/Santa

Rita/Mohr

4

3513

$

1,750,000.00

$

1,625,000.00

$

462.57

PleasantonAve/Downtown 4 3100 $ 1,889,000.00 $ 1,790,000.00 $ 577.42DivisionStreet/Downtown 5 4510 $ 1,999,999.00 $ 1,975,000.00 $ 437.92MachadoPlace/Vineyard 5 6340 $ 3,600,000.00 $ 2,100,000.00 $ 331.23AveragePrice $ 2,085,499.83 $ 1,775,000.00 $ 437.54


3/12

Page 3

Bay East Association of REALTORS.


4/12

Page 4

Mimi Volpe/BillGunn

REALTORS

Cheryl Weber

International Property Speciali

Jill Angel

REALTOR

Audrey Faulkner

REALTOR

Zetzer Christian

REALTOR

Gayle Colvard

REALTOR

Will Doerlich

GRI Broker/ Notary

Rosa Sierra

REALTOR/ASP

Evelyn Sousou

REALTOR

Mary Gonzalez

REALTOR

Janna Gonzalez

REALTOR

Faran

CEO/Broker

Jahan Honardoost

President

Tom Husnick

Financial Advisor

Sujatha Jamwal

REALTOR

Pari Kazerooni

REALTOR

Tiffany Lorraine

REALTOR

Muhammad Moosa

REALTOR

Mark Nadim

Real Estate

Investment Catalyst

Cassandra Yazdi

REALTOR

Janice Rubero

Transaction Coordinator


5/12

Page 5


6/12

Page 6Page 6

Kolb Ranch EstatesPleasanton

$2,530,000


$2,191,800

Buyer & Seller

CascaraGolden EaglePleasanton

$2,530,000

Oak Manor EstatePleasanton

$2,530,000

Buyer & Seller

PhoenixDanville

$460,000

REO & Buyer

Curry StreetPleasanton

$786,000

Cardinal Ct.Castro Valley

$1,300,000

The PreservePleasanton

$1,810,000

Buyer

Danville

$2,184,100

Bought & Sold

Canyon MeadowPleasanton

$385,000

Bought & Sold


7/12

ExclusivePleasanton

Commercial

Development

Opportunity

32,000 SQ FT

Call For Pricing & In

formation

Page 7


$2,498,000

Castlewood Pleasanton

$1,575,000

SycamorePleasanton

Call For Pricing

Bay MeadowsPleasanton

$515,000

FairfieldPleasanton

$827,000

Kolb Ranch Estates 4Lots for sale

Pleasanton

$948,0001,600,000

Cigars and Tobacco Shop- PleasantonVery well established business, Over 400 of Premium Cigars, Full line of Domestic andImport Cigarettes, Pipes and Tobacco, Gifts Items, Open seven days a week, Seller ismotivated. Price 139,000 + inventory

Food Mart- LivermoreIce Cream and Deli, well established in a busy shopping center, close to Down TownLivermore. Price 190,000 + inventory

Oriental rug StoreLocation; design center Down Town San Francisco, been in business for 30 years Price150,000

ExclusivePleasanton Town-

house development

Opportunity

5 & 3 Custom Lots

individual or devel-

oper opportunity in

prime locations of

Pleasanton


8/12

Status DOM City LP BT SqFt BR Bth PB Gar? GarSp YrBlt Acres Lot SqFt1 ACTV 49 LIVERMORE $319,900.00 DE 1042 3 2 0 N 2 1959 0.12 52252 ACTV 8 LIVERMORE $335,000.00 DE 832 2 1 0 Y 1 1918 0.11 50003 ACTV 16 LIVERMORE $349,900.00 DE 1120 3 1 0 Y 2 1955 0.14 59824 ACTV 180 LIVERMORE $354,900.00 DE 1034 3 1 0 Y 1 1951 0.13 55005 ACTV 23 LIVERMORE $385,000.00 DE 1292 3 1 Y 1 1953 0.11 50006 ACTV 103 LIVERMORE $389,900.00 DE 1400 3 2 0 Y 2 1956 0.13 56827 ACTV 55 LIVERMORE $393,900.00 DE 1476 3 1 1 N 0 1956 0.12 54398 ACTV 30 LIVERMORE $399,000.00 DE 1400 3 2 0 Y 2 1957 0.16 71129 ACTV 77 LIVERMORE $399,900.00 DE 1334 4 2 0 Y 2 1971 0.17 721010 ACTV 35 LIVERMORE $399,900.00 DE 0 3 2 N 0 1962 0.13 603211 ACTV 42 LIVERMORE $404,900.00 DE 1470 3 2 0 Y 2 1965 0.14 600312 ACTV 65 LIVERMORE $409,900.00 DE 1038 3 1 0 Y 2 1953 0.12 530013 ACTV 13 LIVERMORE $424,900.00 DE 1186 3 2 0 Y 2 1959 0.14 599014 ACTV 77 LIVERMORE $430,000.00 DE 1261 4 2 0 Y 2 1971 0.2 880515 ACTV 8 LIVERMORE $430,000.00 DE 1178 3 2 0 Y 2 1982 0.2 850916 ACTV 28 LIVERMORE $434,900.00 DE 1248 3 2 0 Y 2 1957 0.13 580017 ACTV 16 LIVERMORE $439,900.00 DE 1305 3 2 0 Y 2 1986 0.12 532718 ACTV 42 LIVERMORE $440,000.00 DE 1262 3 2 0 Y 2 1983 0.2 875419 ACTV 26 LIVERMORE $444,900.00 DE 1706 3 1 1 Y 2 1970 0.18 774120 ACTV 19 LIVERMORE $449,000.00 DE 1321 3 2 0 Y 2 1966 0.15 634821 ACTV 43 LIVERMORE $459,900.00 DE 1278 3 2 0 Y 2 1959 0.16 6814

22 ACTV 11 LIVERMORE $469,900.00 DE 1619 4 2 0 Y 2 1966 0.14 620023 ACTV 34 LIVERMORE $474,900.00 DE 1554 3 2 0 Y 2 1971 0.14 600024 ACTV 79 LIVERMORE $479,900.00 DE 1940 4 2 1 Y 2 1998 0.11 481625 ACTV 64 LIVERMORE $485,000.00 DE 1366 3 2 0 Y 2 1968 0.16 718626 ACTV 30 LIVERMORE $485,900.00 DE 1200 3 2 0 Y 2 1962 0.14 600027 ACTV 33 LIVERMORE $489,900.00 DE 1340 4 3 0 Y 2 1955 0.13 580028 ACTV 201 LIVERMORE $494,410.00 DE 1400 3 2 0 Y 2 1956 0.14 600029 ACTV 67 LIVERMORE $498,000.00 DE 1342 4 1 1 Y 2 1959 0.16 696030 ACTV 181 LIVERMORE $498,100.00 DE 1494 3 2 Y 2 1979 0.15 650031 ACTV 79 LIVERMORE $499,900.00 DE 1728 3 2 1 Y 2 1964 0.16 701132 ACTV 12 DUBLIN $505,900.00 DE 1246 3 2 0 Y 2 1964 0.15 660033 ACTV 13 DUBLIN $509,900.00 DE 1424 3 2 0 Y 2 1961 0.16 6999

34 ACTV 149 LIVERMORE $530,000.00 DE 1671 3 2 0 Y 2 2000 0.15 657035 ACTV 27 SAN RAMON $551,000.00 DE 1733 4 3 Y 2 1969 0.16 700036 ACTV 117 LIVERMORE $551,000.00 DE 2012 4 3 0 Y 2 1999 0.08 358237 ACTV 20 DUBLIN $589,900.00 DE 1679 4 2 1 Y 2 2000 0.06 261338 ACTV 23 DUBLIN $611,777.00 DE 2220 5 3 0 Y 2 1964 0.16 710739 ACTV 153 LIVERMORE $630,000.00 DE 2274 4 2 1 Y 2 1999 0.19 845040 ACTV 65 LIVERMORE $749,900.00 DE 2723 5 3 0 Y 2 2006 0.16 708341 ACTV 21 SAN RAMON $779,900.00 DE 2633 5 3 0 Y 2 1997 0.09 435042 ACTV 263 DUBLIN $819,900.00 DE 2376 4 3 0 Y 2 2000 0.08 350643 ACTV 69 DANVILLE $899,900.00 DE 3148 4 3 1 Y 3 1990 0.16 701344 ACTV 9 DUBLIN $994,900.00 DE 3801 5 5 1 Y 3 2006 0.14 602845 ACTV 61 DANVILLE $1,075,000.00 DE 3488 4 3 0 Y 3 1993 0.31 1358046 ACTV 14 SAN RAMON $1,099,900.00 DE 3342 4 2 1 Y 3 2001 0.24 10238

47 ACTV 90 SAN RAMON $1,199,000.00 DE 4176 5 3 1 Y 3 2005 0.27 1161548 ACTV 11 SAN RAMON $2,030,000.00 DE 6268 5 5 1 Y 3 2004 0.45 1976049 ACTV 358 DANVILLE $2,495,000.00 DE 6450 5 4 0 Y 4 2007 2.72 11848350 BOMK 59 LIVERMORE $310,000.00 DE 842 2 1 0 Y 2 1944 0.11 500051 BOMK 98 LIVERMORE $358,900.00 DE 1172 3 2 Y 2 1955 0.13 566352 BOMK 6 PLEASANTON $649,900.00 DE 1809 4 2 1 Y 2 1969 0.22 978253 NEW 1 LIVERMORE $334,900.00 DE 1222 3 2 Y 2 1959 0.13 551054 NEW 2 LIVERMORE $394,000.00 DE 1233 3 2 0 Y 2 1971 0.14 630055 NEW 1 LIVERMORE $399,900.00 DE 1966 4 2 0 Y 2 1953 0.26 1132356 NEW 7 DUBLIN $439,900.00 DE 1321 4 2 0 Y 2 1960 0.31 1386557 NEW 5 LIVERMORE $461,700.00 DE 1331 3 2 0 Y 2 1997 0.11 499558 NEW 5 DUBLIN $639,900.00 DE 1843 3 2 1 Y 2 2002 0.07 3150

59 NEW 1 SAN RAMON $650,000.00 DE 1859 3 2 1 Y 2 2006 0.07 3200

BankOw

nedProperties

Page 8


9/12

Page 9

What is an REO?Looking for a bargain on a Real estate investment?A Bank owned property (lender-owned), also sometimes referred to as a REO (real estate owned) home or prop-erty is often a way to get a good deal on a home or an investment property. Youve watched the late-night infomer-

cials and youre ready to do the bank a favor and take a problem off their hands. Plus, you expect to make "akilling" in the process. Sounds great and it might just happen, but first you should take a look at some facts and getprepared.

It was an asset of a homeowner now is a liability

Someone wanted to own it and now Bank is forced to sell it

Bank Executives are scared of loosing their jobs over these unwanted inventories.

REO vs. Foreclosure An REO (Real Estate Owned) is a property that goes back to the Bank after an unsuccess-ful foreclosure auction. You see, most foreclosure auctions do not even result in bids. After all, if there was enoughequity in the property to satisfy the loan, the owner would have probably sold the property and paid off the bank.That is why the property ends up at a foreclosure or trustee sale.

Foreclosure sales begin with a minimum bid that includes the loan balance, any accrued interest, plus attorney'sfees and any costs association with the foreclosure process. In order to bid at a foreclosure auction, you musthave a cashier's check in your hand for the full amount of your bid. If you are the successful bidder, you receivethe property in "as is" condition, which may include someone still living in the property. There may also be otherliens against the property.

Since what is owed to the bank is almost always more than what the property is worth, very few foreclosure auc-tions result in a successful sale. Then the property "reverts" to the bank. It becomes an REO, or "real estateowned" property.

REO Properties for Sale The bank now owns the property and the mortgage loan no longer exists. The bank willhandle the eviction, if necessary, and may do some repairs. They will negotiate with the IRS for removal of taxliens and pay off any homeowners association dues. As a purchaser of an REO property, the buyer will receive atitle insurance policy and the opportunity to investigate the property.

A bank owned property might not be a great bargain. Do your homework before making an offer. Make sure thatthe price you pay (if youre successful) is comparable to other homes in the neighborhood. Consider the costs ofrenovation, including time to complete them. Dont get caught up in a bidding war and pay over market value. Itsan old myth that foreclosures are a bargain.

How do we select and buy an REO property? Each bank/lender works a little differently, but they all have simi-lar goals. They want to get the best price possible and have no interest in "dumping" real estate cheaply. Gener-ally, banks have an entire department set up to manage their REO inventory.

Once you make an offer to purchase, banks generally present a "counter-offer." It may be at a higher price thanyou expect, but they have to demonstrate to investors, shareholders and auditors that they attempted to get thehighest price possible. You should plan to counter the counter-offer.

Your offer or counter-offer will probably have to be reviewed and approved by several individuals and companies.Even once an offer is accepted, the bank may insert wording like ..Subject to corporate approval with 7 days."

We look for properties were bank is not in a strong negotiating position to sell at premium price below market:

Property has been in their possession more than 30 days

Property was acquired by homeowner in 200-2006 and foreclosed in 2007

Second loan position has walked away

REO agent is eager to get rid of this listing

Bank is willing to consider 60% to 70% below original loan value of the first position

We work with a group of direct Bank lenders e.g. Countrywide, Well Fargo, B of A, etc. on their books and internalsystem we validate ability to secure loan value on these properties


10/12

Page 10

Peet's Coffee & Tea Inc. just

celebrated their first grand opening

in Embarcadero station in San

Francisco this month A second coffee shop should open in May at Montgomery Street station, Peet's said. Ostations getting a Peet's shop include Pittsburg/Bay Point, Downtown Berkeley, Civic Center and Daly City. Twomore stations are slated for the kiosks, but haven't been named yet. The shops will sell drinks as well as packaof coffee." Faran & Her husband Jahan Honardoost among some of their friends in Pleasanton have invested inproject and participated in the grand opening of the first station.

High Quality Coffee Meets High Class Living In

Downtown Pleasanton.

Peets Coffee & Tea Now At Bart

Pleasanton finally has a Peets Coffee & Teanow and in a good location!!! Right near thecorner of Hopyard & Valley. A few spots on thpatio and a great place to hangout. Friendlystaff, great location makes this a fantastic ad-dition inPleasanton...


11/12

Page 11

Contact us to promote your business in our newsletter at not cost!

We pick one business to promote with each newsletter

Faran Cell: (925) 922-0822 Email: [email protected]

Our bodies need the antioxidant

power of Monavie!Contact Kenneth M. Gwin at (925) 989-0725 or [email protected]

Town Hall meeting was held to look at Pleasanton housing market

A town hall meeting aimed at providing the public with objective, timely and accurate informa-tion about the residential real estate market in Pleasanton was held on April 30 at the VeteransMemorial Building on Main Street.

The event was sponsored by the city of Pleasanton, the Pleasanton Weekly, the PleasantonChamber of Commerce and the Bay East Association of Realtors.

"The housing market is in a very fluid state right now and there is a lot of misinformation beingpassed to the consumer," said Pleasanton Mayor Jennifer Hosterman. "This town hall meetingis an opportunity for residents to engage in conversation with real estate experts about the

status of the local market."

Hosterman was lead off a panel of speakers who are active in the real estate and financing pro-fessions. The panel included:

* Carol Rodoni, president of Bamboo Consulting and a real estate industry expert and consult-ant who also writes several real estate columns for Bay Area newspapers;

* George Duarte, chairman of the Government Affairs committee of the East Bay chapter of theCalifornia Association of Mortgage Brokers, who also serves as an expert witness in courtcases involving mortgages; and,

* Jacqueline Rickman, Director of the Tri-Valley Housing Opportunity Center, a regional organi-

zation that develops housing and financial literacy programs for low-to-moderate income resi-dents in the Tri-Valley.

The meeting took place at the Veterans Building at 301 Main Street in downtown Pleasanton.There have been suggestion on having these meetings on quarterly basis.


12/12

6075 Kolb Ranch Estates

Live in one of the most prestigious neighborhood inPleasanton. This beautiful trophy single story custom homeis located in the west side of Pleasanton, is surrounded by

Oak Trees and wild life. Timelessly beautiful, authentically detailed Euro-pean country exterior home is located on oversized flat lot with use of re-taining walls. $2,498000 Last Model Home. Available to move in.

Featured Listing

Pleasanton Times

Ytt

Windermere East Bay Realty

7031 Koll Center PkwySuite 210Pleasanton, CA 94566

ur property is listed with another broker, this is not

ded as a solicitation of that listing.

Your gift will change lives. Pass it on!

Donate new and unwrapped toys., Stuffed toys must be new with

sales tag attached., The patient population includes many infantsand toddlers. Please avoid toys that have small pieces, sharp piecesor that fall apart easily. Because of the hospital infection controlpolicy, stuffed/cloth toys must be new. Please call for additional in-formation

Documents

Newsletter Pleasanton May Volume 1