West Sacramento
West Sacramento – The Rivers
January 13th, 2010 categories: West Sacramento
The Rivers is a 200 acre master-planned community located in Wes
t Sacramento just across the I Street Bridge from Downtown Sacramento. If you are looking for a neighborhood to relocate, the Rivers is certainly one to consider.
This community is convenient to freeways, Amtrak and the airport, Raley Field as well as the cultural opportunities offered in Downtown Sacramento.
With distinctive homes and custom home sites along the river where parks, meandering lakes and walking trails are just one of the many amenities. The entire master-planned community has not been fully built out. However, there are 3 distinct areas which are:
- Silvershore are Executive waterfront homes by the Sacramento River with a minimum of 3,295 square feet with 4-5 Bedrooms.
- Grandview section homes have 4-6 Bedrooms ranging from 2,358 sq. ft. to 4,878 sq. ft. on 9,000 square foot lots
- Cascades
Home buyers will love the 40 acres that have been designated as private parks with play equipment and a K-8 school is planned for down the line by the north entrance along with an Aquatic Park. This is a gated community with 24 hour security service. Even a fishing dock for those just getting started as official fishing enthusiasts has been made part of this master planned community.
The Rivers is a Home Owners Association were there are rules and regulations that each homeowner must adhere to. For more HOA information be sure to read The Rivers Community Association and check out the rules, regulations and restrictions of the covenant. Want to learn more about the Rivers, just click and read the City Council document for phase II of the Rivers. As a home buyer it is always important to read the CC& R’s to make sure you don’t have a problem adhering to the rules of the association prior to buying a house.
Another great amenity is the clubhouse at the Rivers with a pool and party room to rent out.
Remember, this is a community that is still growing and is close to downtown Sacramento located in West Sacramento which is in Yolo County. Always my pleasure to list homes for sale and help home buyers purchase homes in this lovely area known as The Rivers.
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Townhome Auction Left Buyers Scratching Their Heads
October 20th, 2007 categories: West Sacramento, Yolo County
Going, going, SOLD or was it? Bargain?
Last month developer John Leonard, who designed and built Rivers Side at Washington Square in West Sacramento decided to invite an auction company to sell 22 of the original 25 townhomes that he couldnt sell, himself.
200 eager townhome buyers reveled in the auctioning off of these townhomes valued at $409,500 to $467,500 that had opening bids of $259,000 to $279,000.. They were looking for the buy of the century.
As I have stated before, auction companies bank on the fact that the low bids will entice the home buyer to come and get caught up in the frenzy of an auction and bid much higher.
In this case, the so-called winning bid for a $419,500 townhome supposedly sold for $307,500 and another with 1628 square feet valued at $467,500 supposedly sold for $355,000. 
The home buyers were delighted to pay the 5% commission to the auction company that John Leonard brought in to sell his townhouses. Everyone went away thrilled that they had paid bottom dollar for new townhomes just off the I Street Bridge from Downtown Sacramento in West Sacramento.
Each of the winning real estate bidders signed an agreement that the Developer and the Bank had 10 days to accept or reject their winning real estate bids.
It seems that the Bank doesnt agree with the winning real estate offers. So, these townhouses are not sold after all. There are some Townhome buyers who are left scratching their heads, now. It seems that the price that the Buyers were willing to pay is about $80,000 short of what is owed on the properties. Back to the drawing board
The auction company was hoping for the frenzy to bring higher bids but alas, these townhome buyers were not going to pay anymore than what they thought was reasonable. The Bank and the Developer now have 22 townhomes they still own.
This area in West Sacramento is a up and coming area in my opinion, with redevelopment and building in the process of revitalizing what once was a less than desirable area.
It seems that the Teachers Union, STRS has paid CASH for the current building in the process of construction right on the Sacramento River across from Old Sac on the West Sacramento side (see new construction on the right side of the photo above). There is money being spent and plans being made this is when the rich get richer so take notice and get in while the getting is good! Just a tip to the wise!
Other Related Articles:
Short Sale and Foreclosure Real Estate Tax News
Sacramento Real Estate Writes Letter to ALL Banks
Sacramento Real Estate Gets Hit AGAIN by Auction Company
Gena Riede of Sacramento Real Estate Voice on Channel 13 News
Sacramento Foreclosure Auction Looking for Suckers!
Sacramento Short Sales and Foreclosures
Are Short Sales and Foreclosures A Good Deal?
Foreclosures, Buy or Dont Buy?
Do You Understand Foreclosure?
2007 Where Knowledge is Power in Real Estate
What Sellers Need to Know About Receiving Offers
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