Silva Properties

Ultra rare opportunity for a large family. I will be selling a 4 bedroom Measure J home for the county for $449,448. It will be sold via lottery on October 11th. The home is in Live Oak (address will be disclosed at later date). It is a detached home, 2139sf, built in 2003, 2 car garage, large rear yard, cul de sac location. The last sale on its street sold for way over $1 million. Household size must be 5 or more (assuming a 2 parent household). You must meet all the other Measure J guidelines including income restrictions and residency requirements, no exceptions. More info is available here: https://www.sccoplanning.com/Portals/2/County/userfiles/34/October%2011%20Measure%20J%20Random%20Drawing.pdf

There is going to be a lot of competition for these new Measure J homes...

PRESS RELEASE: APTOS VILLAGE MEASURE J UNITS

The County of Santa Cruz is pleased to announce upcoming workshops for qualified buyers interested in purchasing one of 10 deed-restricted affordable homeownership units at the new Aptos Village project.

The 1-, 2- and 3-bedroom homes will be available to first-time homebuyers with household earnings at or below 120 percent of area median income. Prospective buyers are welcome to attend one of two bilingual workshops at the times and location below. Applications are due May 18, with a drawing to follow June 1.

Five Phase 1 units will be available during the initial drawing, including four 1-bedroom and one 2-bedroom units. Construction on Phase 2, which will include five more units, is not yet underway. The units are being provided through Measure J, Santa Cruz County's inclusionary housing program, which has provided more than 500 units of affordable housing since its passage in 1978.

Measure J pricing varies according to several factors that are still in flux, including interest rates and homeowner's dues. Subject to change, the estimated price of the Aptos Village Measure J homes are expected to be $256,000 to $280,000 for a 1-bedroom; $296,000 to $322,000 for a 2-bedroom; and $338,000 to $363,000 for a three-bedroom. Additional restrictions apply, including residency requirements.
http://sccoplanning.com/Portals/2/County/Planning/housing/Measure_J/Aptos%20Village%20Measure%20J%20Homes.pdf

Aptos Village Measure J Workshops
Rio Sands Hotel
Conference Room, 116 Aptos Beach Dr., Aptos

February 28, 2018
● English 6 p.m.-7 p.m.
● Spanish 7:30 p.m.-8:30 p.m

March 24, 2018
● English 1 p.m.-2 p.m.
● Spanish 2:30 p.m.-3:30 p.m.

New Measure J listing in Live Oak! 755 14th Ave #709. Harbor Walk at Swan Lake complex. 2 bed/1 bath, approx 799sf, ground level, granite counters, low HOA dues ($240 includes water/trash), walk to beach. Unit was remodeled less than 2 years ago. Price is $336,147. Financing will be available for this unit. Not yet listed on MLS, hurry!