Bay37 by Pulte Homes

15 Homes have been sold

only 5 two-bedroom homes / 1 one-bedroom home Left!

Opportunity Drawing Announcements

These Homes will be sold via the Lottery System (Randomly Assigned Numbers) with City Preferences, facilitated by HouseKeys on its online platform, https://www.myhousekeys.com/.

PROGRAM DOCUMENTS & DISCLOSURES

Resale Restriction, Excess Sales Proceeds Note, and Deed of Trust

This program requires you to sign a Restriction Agreement with a 59-year term.

Understanding the intricacies of the program documents is crucial when considering participation in a housing program. Deed restrictions, agreements, promissory notes, and deeds of trust are all legal instruments that can significantly impact the rights and obligations of property owners. For instance, deed restrictions can limit how a property is used, who you can sell it to, refinancing, and upgrading the home, and it requires the owner to occupy the home. It also sets conditions for its future sale, which includes a cap on the resale value and/or an equity share, depending on the program. Similarly, a promissory note is a binding promise to repay a loan and/or excess sales proceeds (the difference between the home's fair market value and the maximum restricted resale price), and a deed of trust secures the promissory note by placing a lien on the property. Click below to access & review the documents to ensure this program is for you. You can hire an attorney to help you understand the Program Documents you’ll sign and promise to abide by.

Loan Pre-approvals or Pre-qualification Letters by an unregistered lender will not be accepted and delay your review process. Select one from the HouseKeys Registered Lender List (click HERE to find the list). In addition to the HOA monthly fees, Taxes, and Insurance, please ask your loan officer to include the additional non-mortgage payments, including the mello roos / special bond tax* and the monthly solar lease (if you are not purchasing solar). We encourage you to speak with your loan officer about the estimated TOTAL monthly payment to make sure you can afford it.

Solar Requirements: Lease or Purchase Options. The cost is not included in the purchase price. The Solar Power installation is completed by Sunnova or SunPower. Buyers may either purchase the Solar Power Unit, adding the cost to the purchase price and financing it through their lender, or lease directly from the solar provider. A Capital Improvement Credit will be added to the buyer’s purchase cost, and the depreciation schedule will be noted in an addendum to the Agreement. Please work with your loan officer to ensure this cost is considered. The cost of Solar panels can range from $9,400 to $14,000. Please see the Opportunity Drawing Notice for the contact information.

HOA Dues cover the following…

1. All common areas are maintained including: The exterior maintenance and repair of the building (roof, paint, gutters, railings, balconies)

2. Hazard Insurance on the exterior structure of the building.

3. A portion of each owner’s HOA goes to the Alameda Transportation Management Association for Shuttle Services and to help address and assist with public transportation needs

4. Maintenance and regular inspections of fire sprinkler/suppression systems

5. All common area landscaping in and around each building and community parks.

6. Streets – (all private only) – maintained and repaired

7. Lighting, benches, garbage cans, mailboxes, etc.

8. Pocket Parks – Bay37 Community pocket parks

9. Mitchell Greenway

10. Waterfront Park will be a public park that is maintained by the City. – Amenities include a children’s play area, picnic tables, BBQ, and outdoor exercise equipment.

11. Common area Utilities

12. Management fees long-term reserves requirements

RESOURCES

• Learning Library

• How-to and Informational Videos

• How to get started and prepare a file

• Register for HUD Approved 1st Time Homebuyer course

• Housekeys Application Form

• Complete (Full) File Document Checklist

• Lender List and Forms: Click Here

Please do not visit or contact the Pulte sales office. HouseKeys will invite selected applicants to a Below Market Rate Program Open House.

landing (flats)

Six units

BMR Units offered for the LANDINGS (Flats) are as follows:

1 Bedroom - 0

2 Bedroom - 3

3 Bedroom - 3

Floor Plans

Plan 1

Plan 2

Plan 3

Plan 4

lookout (rows)

Nine units

BMR Units offered for the LOOKOUT (Row) are as follows:

1 Bedroom - 3

2 Bedroom - 6

3 Bedroom - 0

Floor Plans

Plan 1

Plan 2

Plan 3A

compass ( COndos)

Six units

BMR Units offered for the COMPASS (Condo) are as follows:

1 Bedroom - 0

2 Bedroom - 6

3 Bedroom - 0

Floor Plans

Plan 1

Plan 2

Please do not visit or contact the Pulte sales office. HouseKeys will invite selected applicants to a Below Market Rate Program Open House.

Rich in history with beautiful waterfront views, Bay37 in Alameda will feature new construction homes, townhomes, and condos with Life Tested® floor plans, smart home features, modern architecture, and energy-efficient construction. This new home community in the Bay Area will boast a variety of amenities for residents including picnic areas, a playground, a public dock, walking paths along the estuary, and more! A total of 357 homes will be built in this community.