September 8, 2010

The saga of Gable’s End continues!

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First time ever at Gables End: 3.5 percent down and a 2.875 percent rate
Gables End, in prestigious Mountain View, is down to its last few homes available. And it’s no surprise why – these homes are simply stunning, loaded with the latest high-end interior finishes, and they are located in a highly desirable location. There are already over 100 happy homeowners at Gables End.
And now, for the first time ever, Gables End is offering a super low 3.5 percent down and 2.875 percent rate. If you thought you couldn’t afford to purchase a gorgeous brand new home, you stand corrected. With an incredibly low down payment of only 3.5 percent and an excellent rate of 2.875 percent, purchasing a home has never been so attainable.
The quality of these exquisite homes is high and the prices are affordable. Now is the time to take advantage of this amazing offer. Three-bedroom homes with attached two-car garages start at $659,900. And if you are looking for something a bit more extravagant, there is a luxurious model home released for sale. The model home is loaded with upgrades and lavish interiors – it is simply stunning, and there is only one available! Not to mention it is in a prime location on the park. Time is running out to own at this highly sought after community. Hurry in to select your favorite home today.
The picturesque enclave of 108 homes is reminiscent of a New England Village. The floor plans are designed for multi-level living with the choice of three or four bedrooms. Sizes range from 1,524 to 1,872 square feet. Spaces are luxurious, light-filled and are complete with the highest quality features and finishes. Expansive windows, volume ceilings and cozy nooks inside add variety and interest. Each home has a private two-care garage with direct access.
Gables End is located in the center of Silicon Valley in the City of Mountain View. This high-efficient metropolis is extraordinarily civic-minding providing its citizens with a wealth of engaging amenities and progressive services (one of the first to offer free WiFi to its residence). The many city parks, along with Shoreline Regional Park, are a bonanza for outdoor activities. Charming cafes, inviting restaurants, all manner of shopping and entertainment, a state-of-the-art library and civic center can all be found within the heart of the country’s most dynamic business environment.
The community is punctuated with peaceful fenced courtyards, charming seating areas and colorful planted arbors. The lovely town homes have porches and front stoops that are perfect place to barbecue, read a book, nap or simply unwind and enjoy the fresh air. Richly landscaped streets, meandering walkways, mature trees, quiet sitting spaces, the Central Lawn with its grand arbor, and especially the adjacent Sierra Vista Park, are all wonderful places to enjoy the great outdoors. There’s even a charming recreational building for community gathering or special events.
Gables End recreated the kind of comfortable, congenial and intimate spaces so familiar to traditional neighborhoods. Everything at Gables End is designed to make life easy and to allow neighbors to enjoy one another. Regis Homes invites you to enjoy the village lifestyle now available in this lovely community.
Gables End is developed by Regis Homes of Northern California, Inc., one of Northern California’s leading homebuilding companies, specializing in well-designed, well-located, high quality homes. Regis Homes has built more than 1,000 residencies throughout Northern California and has earned a reputation for employing sustainable land use, innovative design, quality construction and attention to detail. The company’s design approach has garnered many industry awards together with the respect of its homebuyers.
The Gables End Information Center is located at 1925 Cambridge Drive, Plymouth Street at Sierra Vista, Mountain View, CA. Office hours are Monday through Sunday 10 a.m. to 6 p.m. For more information please call 650-988-9955 or visit
www.gablesendhomes.com.

Thanks to Burbed reader Herve for continuing to track the saga of Gables End.

As a refresher, here it is:

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Herve notes:

Mountain View is a metropolis by the way. Or so it says.

Heck, it also says that Wifi is provided by the city – not really. I’m also not sure I’d want to have a BBQ or nap outside there – though who knows, maybe 101 flavored ribs taste better!

I’ve gotta ask… does anyone actually know anyone who lives at Gable’s End? What’s it like? How do they like their investment? Has it gone up 15% yet?

Comments (29) -- Posted by: burbed @ 5:48 am

29 Responses to “The saga of Gable’s End continues!”

  1. maryjane Says:

    I don’t know anyone who lives there but I do know that GE is hip enough to have its own FACEBOOK page!

    http://www.facebook.com/pages/Mountain-View-CA/Gables-End/130867929519

  2. Albert Says:

    I have been browsing around on various real estate sites/ blogs for the last couple of months and the web dominance that you have earned in your area is impressive. Not sure what your workload is like in life, but if you started committing more time to posting here, I would bet you would begin getting a lot of visitors eventually. With advertisements, it could become a nice reserve income stream. Good luck!

  3. nomadic Says:

    maryjane, they have a youtube channel too. No social networking stone left unturned.

  4. maryjane Says:

    I had no idea Wells Fargo was still offering such great deals on mortgages.

    Think about it – people buying a SFH in a decent neighborhood would have to put $132,000 down but to live in this little bit of paradise you only have to put down $16,500. WF must know something no one else knows to be so bullish on this particular piece of RE. Do you think there might be a REAL gold mine sitting there?

    I think it might be time to move some money. It’s not like they’re paying me any interest on the money they’re loaning out so carefully.

  5. A. Lewis Says:

    Burbed, the value of this website probably doubles every 10 years! It’s an RBA website. Don’t ever sell!

  6. mike Says:

    gable’s end salespeople are as sleazy as they come.

    would not buy there just on principle.

  7. A. Lewis Says:

    Can someone remind me of the Gable’s End story details? Us East Bay folks have bad memories, I guess…

    When did units start selling? What is the price history?

  8. nomadic Says:

    Wow, A. You are too removed from the RBA. ;-)

    In reverse order:
    http://www.burbed.com/2010/04/06/gables-end-2-0/
    http://www.burbed.com/2008/11/22/what-are-you-doing-this-weekend-oh-right-buying-a-gables-end-house/
    http://www.burbed.com/2008/10/20/an-update-on-sales-at-gables-end-in-mountain-view/
    http://www.burbed.com/2008/10/03/a-photo-of-gables-end-in-mountain-view/
    http://www.burbed.com/2008/09/06/just-4-homes-at-gables-end/
    http://www.burbed.com/2008/08/15/gables-end-in-mountain-view-a-tapestry-of-colorful-3-story-homes/
    http://www.burbed.com/2008/07/05/gables-end-in-mountain-view-special-sale-this-weekend/
    http://www.burbed.com/2008/06/03/congrats-to-regis-homes-for-selling-out-gables-end-in-mountain-view/

  9. nomadic Says:

    Wow, the spam filter didn’t kick me out for 8 links! :-P

  10. SEA Says:

    http://www.burbed.com/2008/05/18/gables-end-mountain-views-most-succesful-new-neighborhood/

  11. SEA Says:

    Some guy from Atlanta is here to discuss “web dominance?” Next he’ll probably suggest that this site is good enough to be award winning.

    Clearly he doesn’t realize he’s not RBA material. He’s not even SV material.

  12. nomadic Says:

    I missed the seminal post:
    http://www.burbed.com/2008/05/18/gables-end-mountain-views-most-succesful-new-neighborhood/

  13. nomadic Says:

    #10, thanks SEA.

    #11 – at least he was complimentary.

  14. madhaus Says:

    Any time you see a generic comment like that coupled with a link to something from a name, that’s spam. You didn’t get kicked out because your name doesn’t link to anything. It took me a long time to figure out why my posts with even one link were going to the bit bucket.

    Hey, Gables End is a great post for another reason. Superfund site!
    Nice find Herve!

  15. nomadic Says:

    madhaus, my first thought for Albert was “spam” too. I’ve never put links in my name, but posts have gotten the boot anyway. Maybe it just liked that I linked back here.

    Let’s not forget the homage to the marriage-saving ability of Gables End, also courtesy of Herve:

    http://www.burbed.com/2009/03/08/should-burbed-have-a-bay-areal-real-estate-magazine/

  16. A. Lewis Says:

    Interesting – they have kept the prices essentially flat (+/- $50k?) since the listings from 2008. Hard to tell because there is some variation in large/small units for sale.

    But they are down to offering 3.5% down, and a 5/1 ARM to get people in. Wells Fargo does seem awfully crazy. I’m guessing they are doing all they can to keep the prices constant, because otherwise people might walk away if they sold at the actual market-clearing price.

    WF is hoping the people who are paying 6% don’t think about the math too much and wonder if they’re underwater on a development that’s going nowhere fast…

    Can I sell one of these houses short instead of buying it? Seems like a solid bet to depreciate.

    Maybe I can buy mortgage insurance on some of the 2008 and 2009 sold units – for a small monthly fee, I get to reap the big payout when they default!

  17. Ryan Says:

    Anyone else notice the 3 bed/2.5 bath in 2008 was $615,000 and now it’s $659,000. In the RBA, appreciation never stops even after the bubble pops.

  18. Alex Says:

    http://www.burbed.com/2010/04/06/gables-end-2-0/

    thanks for linking back to madhouse’s Easter egg hunt story

    it was rather amusing.

  19. Ben Says:

    >> Anyone else notice the 3 bed/2.5 bath in 2008 was $615,000 and now it’s $659,000. In the RBA, appreciation never stops even after the bubble pops.

    Google must be resuming mad hiring again! Good times are here again.

  20. caterpillar Says:

    This isn’t related at all to the current post, but I thought that some here would enjoy it, and it’s not really worth a whole new Burbed entry. A tidbit that boggled me a bit on an NPR interview — this has a caller from Sonoma talking to Mark Zandi, chief economist at Moody’s:

    > MARGARET (Caller): Hello. I was listening to the other callers, and I’m wondering if the government could do a better job in letting people know what the options are. I got I had a house, and my husband lost his job, and we weren’t able to afford the mortgage anymore.
    >
    > And I got most of all of my information on the Barack Obama program and the short-sell program through my hairdresser. So I’m wondering if the government could not reach out to people in a little more systematic way to let them know, so that they don’t walk away from their homes, let them know that there are other options.

    [Mr. Zandi points out that there are websites for said programs in his response, sympathizes, etc.]

    I just never quite pictured someone in a situation of being foreclosed on using their hairdresser as their primary source of financial information.

    http://www.npr.org/templates/story/story.php?storyId=129701304

    …was the original source.

    [WORDPRESS HASHCASH] The poster sent us ‘0 which is not a hashcash value.

  21. anon Says:

    Fall bounce, baybee!!! Fall bounce!!!

  22. Petsmart groomer Says:

    Currently for sale @ Gables End:
    4/3.5 – $707,900 – 1,873 sq ft
    3/3.5 – $695,000 – 1,595 sq ft
    3/2.5 – $672,900 – 1,585 sq ft
    3/2.5 – $659,900 – 1,524 sq ft

    Zillow Home Value Index:
    94043: +5.2% YoY
    94301: -8.8% YoY

  23. SEA Says:

    Petsmart Groomer- Better buy first thing tomorrow morning. It won’t be long until you are priced out forever.

  24. nomadic Says:

    Zillow Home Value Index:
    94043: +5.2% YoY
    94301: -8.8% YoY

    The top end is still falling while the middle has stabilized.

  25. Real Creator Of Craiglist Says:

    Zillow Home Value Index:
    94043: +5.2% YoY
    94301: -8.8% YoY

    I thought we decided not to talk about 94301.

  26. Petsmart groomer Says:

    > Better buy first thing tomorrow morning. It won’t be long until you are priced out forever.

    Maybe in 94043 but 94301 is becoming within reach. Lose some, win some.

  27. Real Creator Of Craiglist Says:

    Maybe in 94043 but 94301 is becoming within reach. Lose some, win some.
    —-

    It’s a tale of two markets. There’s no relation between 94043 (winner) and 94301 (loser).

  28. Johnny Mac Says:

    Gable’s End is actually really nice! I have a friend who bought there (If i had known, i would have advised otherwise). The town houses are well made and better than most modern construction. Just never, ever open the windows!

  29. sonarrat Says:

    I could never live anywhere that I couldn’t open the windows. That includes Phoenix or Vegas btw. For one thing, it’s an invitation for mold to grow everywhere if it’s always stuffy and humid inside. For another, I prefer letting the natural day/night temperature differences take care of cooling my home rather than using a/c. It saves energy and sleeping in the cool Bay Area air at night is wonderful.


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