Benefits of Buying a Home on a Busy Street: Part 1 Price

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Real Estate Agent with Just Call 408-252-8900 Lynbrook Homes Cupertino KW BRE# 00901962

Benefits of Buying a Home on a Busy Street: Part 1 Price

By Michelle Carr-Crowe, San Jose Lynbrook High Home Expert Selling Homes in Cupertino Schools

Did you know there are multiple benefits to buying a home on a busy street? With the advent of the Internet, many buyers make the mistake of outright rejecting a home on a busy street before even visiting the virtual tour or an open house to see how a home possibly meets their needs, including financial affordability.

The First Reason to consider buying a home on a busy street is it's usually less costly than one on an inside street. This can translate into owning a significantly larger, nicer and/or even better quality home. For example, it can mean the difference between living in a townhome or owning a single family home, especially when you factor in the cost of HOA dues. For example, in the West San Jose, Calif. Lynbrook High area a large, ~1790-sf townhome is asking $850K while the ~1441-sf storybook cottage on ~7700-sf at 6404 Bollinger is asking $883K.

In looking at the West San Jose, Calif. Lynbrook High sales data for the year, on average, it's nearly 10 % less costly to buy a home on a busy street. At these prices, that's about a $95,000 difference in price paid.

 

ALL San Jose Lynbrook High Homes 1200-1750-sf sold since 01/01/2011

# LISTINGS: 33 AVG VALUES: 16 35 1,452 $694.96 6,275 $961,664 49 $1,000,255

Inside Streets San Jose Lynbrook High Homes 1200-1750-sf

# LISTINGS: 26 AVG VALUES: 14 37 1,445 $710.61 6,238 $970,813 50 $1,017,670

Streets with Traffic San Jose Lynbrook High Homes 1200-1750-sf

# LISTINGS: 7 AVG VALUES: 26 29 1,496 $622.43 6,670 $921,954 50 $922,286

In the example above, homes on low-traffic streets sold for about $95,000 more than those on streets with traffic. At these prices, that represents about a ten percent difference in price paid.

Before bypassing what could be your dream home because it's located on a busy street, why not take a look at homes like 6404 Bollinger, San Jose at next weekend's open house? Consider working with a real estate consultant like me who helps you examine all of your options, including buying a home on a busy street, before choosing the perfect home for your family.

ACTIVE Single Family Residential

Address City Beds Bath DOM LOE SqFt $/SqFt Lot (SF) List Price Age Sale Price

6404 Bollinger Road San Jose 4 2|0 2 1,441 $612.77 7,700 $883,000 52

6312 Bollinger Road San Jose 4 3|0 4 1,363 $636.83 7,370 $868,000 52

 

SOLD Single Family Residential  

6585 Prospect Road San Jose 4 2|0 38 30 1,731 $557.48 8,300 $997,900 54 $965,000

6283 Rainbow Drive San Jose 4 3|0 39 32 1,606 $594.65 5,940 $978,000 50 $955,000

1197 Johnson Avenue San Jose 3 2|0 29 21 1,685 $563.80 5,959 $968,000 43 $950,000

1112 Johnson Avenue San Jose 3 2|0 31 27 1,379 $667.15 6,060 $943,888 53 $920,000

1132 Miller Avenue San Jose 3 2|0 7 22 1,226 $750.41 6,264 $918,000 50 $920,000

6448 Rainbow Drive San Jose 4 2|0 20 28 1,484 $647.57 6,800 $899,000 51 $961,000

6312 Bollinger Road San Jose 4 3|0 15 41 1,363 $575.94 7,370 $748,888 52 $785,000

 

# LISTINGS: 7 AVG VALUES: 26 29 1,496 $622.43 6,670 $921,954 50 $922,286

# LISTINGS: 2 AVG VALUES: 3 1,402 $624.80 7,535 $875,500 53

 

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Topic:
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San Jose Real Estate
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benefits of buying a home on a busy street part 1 price
6404 bollinger
san jose lynbrook high homes for sale
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Rainmaker
137,026
Aida Pinto
Real Estate Broker (562) 916-3237
United Associated Brokers

I personally don't like busy streets because of the noise and if I had young children I wouldn't....but if the noise doesn't bother you then it could be a great buying opportunity.

July 17, 2011 10:42 PM
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Praful Thakkar
Andover, MA: Andover Luxury Homes For Sale
Keller Williams Realty

That's a great point Michelle. Yes, most of the homes on busy street are supposed to have priced less - as compared to cul-de-sac neighborhood. Interesting way to tell buyers about this.

July 17, 2011 10:48 PM
Rainmaker
50,548
Jonathan Dalton
Realty ONE Group

This afternoon I took my kids and wife to my parents house, which backs to a fairly busy road. I grew up in the house and while aware of the noise, it never much bothered me. Today, my mother and I were having a nice conversation on the patio (despite the 110-degree temperatures) and didn't have to shout, which might come as a surprise to some buyers.

Years ago I bought a house about 3/4 of a mile from train tracks. The first night there, I was up with the 3 a.m. train. By the second night, I no longer heard it.

Convincing buyers of this is the trick ...

 

 

July 17, 2011 11:14 PM
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Michelle Carr-Crowe Just Call 408-252-8900 Luxury Homes in Top Silicon Valley Schools-San Jose, Cupertino, Saratoga & Palo Alto
Family Helping Families Buy & Sell Homes 40+ Years
Just Call 408-252-8900 Lynbrook Homes Cupertino KW

Gina-thanks.

Aida, many buyers feel the same way.

Praful-thanks for noticing.

Jonathan, that's what many people find once they actually live there.

July 18, 2011 01:00 AM
Anonymous #6
Anonymous
James Campbell

Great Article Michelle! Great thoughtful analysis

 

Thanks for sharing. Buying on a Busy streets can be a great way to get into a neighborhood you are priced out of - especially for first time homebuyers. The nice thing, is that you don't have to live there forever, after 5-7 years, you can take the equity sell and move to midblock location.

 

 

October 11, 2012 05:45 PM
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San Jose Homes for Sale in Cupertino Schools, selling Lynbrook High Homes, Buying homes in Cupertino Schools, Homes, Holidays and Events in Silicon Valley, West San Jose, Los Gatos, Saratoga, Monte Sereno, Campbell, Palo Alto and Santa Clara by Michelle C. Carr-Crowe and the Get RE$ult$ Team Feedjit Live Blog Stats