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
389,223
Gina Tufano
Ask Gina & Company, Northern Virginia Real Estate
Ask Gina & Company with Keller Williams Realty Loudoun Gateway

That is a great analysis!  By putting a percentage/dollar amount on the lot it makes it much easier for buyers to compare.  Great work!

July 17, 2011 10:38 PM
Rainmaker
137,388
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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