Burbed reader E.V. spotted this:
Huge 6bed/5 1/2 bath Executive Home in EAGLE RIDGE COUNTRY CLUB
$3975 / 6br – Huge 6bed/5 1/2 bath Executive Home in EAGLE RIDGE COUNTRY CLUB (gilroy)
Reply to: firstname.lastname@example.org
Date: 2007-07-09, 2:28PM PDT
THIS HOME HAS IT ALL…Only 6 years old, it is loaded with two balconies, one that looks over a Pond on the 5th. tee.
Professional Kitchen with cherry wood cabinets throughout, Viking 6 burner stove, Sub-Zero refridgerator, with no home on the back or side yard.
Brand new swimming pool, tennis courts, elementry school, 8 1/2″ crown moulding and wainscoteing everyware.
Hardwood floors granite kitchen and each bedroom has its own private bathroom.
Beautiful views of every room in the home.
This home would sell for $1,500,000 but we have decided to keep it for the young children when they become adults. AVAILABLE AUGUST 1st.
Call for a private showing at 408/210-7740 and ask for Pierce.
2420 muirfield way, gilroy, ca 95020 at club drive at santa thersa ave google map yahoo map
Like E.V. I thought the comment about keeping the house for the young children around kind of amusing. This is one heck of a generous gift!
Assuming you put 20% down, an Interest Only ARM would still be $5,000 a month. A 30 year fixed? $7,388 a month.
It seems to me that there are other investments that may have better returns, but that’s just me.
Oh, BTW, E.V. also found that a business seems to be based out of this house:
Business Name: First Choice Funding Mortgage
Company Type: Mortgage Brokers
Street Address: 2420 Muirfield Way
Phone: (408) 987-2286
What does this all mean? I don’t know.