Sovereign Park Estates – 5160 E. Atherton Street #65 – Listed for $423,900
You will love our newest condo listing in highly desirable Sovereign Park Estates located in Los Altos and adjacent to Park Estates.This popular C Model has over 1,200 square feet of well designed living space. The condo has an open floor plan, master ensuite, U-shape kitchen with breakfast bar, plenty of storage, many light gathering windows and a welcoming patio area. It comes with a garage and one assigned parking space so parking is never an issue.
Refinished original hardwood floors are in outstanding condition. The newer vinyl windows are of high quality so they open and close like a charm. The slider from living room to porch is also of newer vinyl type. New plantation shutters are installed throughout so going from total light blocking to light gathering is done with one quick motion. The crown molding is hands down the nicest we have ever seen. The gorgeous white glossy paint job is a winner. You will find the kitchen and bathrooms tastefully remodeled, clean and inviting. Updated lighting fixtures, upgraded stove and beautiful stainless steel refrigerator come with the condo.
Sovereign Park Estates Best-kept Secret in Los Altos
Sovereign Park Estates is the most affordable living you will find in Los Altos making it perfect for first-time buyers or folks looking to downsize and remain in the Los Altos area. The complex has an endearing midcentury charm and green lush landscaping. The complex has a total of 156 units built around five separate compounds. Each compound has a fenced in pool, one of which is heated during the winter months. One extremely clean laundry room is located within each compound. There is a large recreation room and workout room available to all condo owners.
Stock Cooperative and what it means to you
Yes, Sovereign Park Estates is configured as a Stock Cooperative. We won’t dwell on why or how this type of ownership was established but we can tell you how it effects you as a potential owner. There are only a few lenders certified to loan on stock cooperatives. New York City is ground zero for stock cooperatives making Chase Bank a good alternative. National Cooperative Bank is good place to start an online loan process. The HOA requires a minimum 20% downpayment.
Sovereign Park Estates does NOT allow rentals. This is a double-edged sword for a potential homeowner; it keeps the complex stable but does somewhat depress re-sale price. The HOA does allow a non-owning family member to occupy a condo.
HOA rules allow one dog no more than 25 pounds and a cat, or two cats!
There is an interview process but there is no need to be intimated. The Board members are very nice and this is mostly a formality. The complex is known for its financial stability and high level of maintenance. Speaking of maintenance, just like on TV sit-coms, Sovereign Park Estates comes with an on-call handyman!
Call me if you need more information on Sovereign Park Estates. We are a huge fan of this complex and would be happy to give you a guided tour of our newest listing and the grounds.
The Hardest Working Realtor in Town!
Michele “K” Kreinheder @562-243-2171
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(all data current as of 11/11/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.