Rosewood by Brookfield Residential
9 Four-Bedroom Moderate Homes will be released in multiple drawings.
OD 625 is Now accepting files for review on a First File, First Served process, see below for more details!
One more unit! OD 534 Drawing opened on 1/10/2025!
Information & Announcements
Rosewood is bringing charming two-story duet homes and attached three-story townhomes to a charismatic location that checks all your boxes. Take your pick of two neighborhood collections and relish four bedrooms and up to 2,340 square feet of living space. And a colorful, curated downtown is just around the corner, with unique boutiques, plenty of places to eat and a Caltrain Station for all your out-of-town adventures. Savor award-winning wines and panoramic views at vineyards surrounding the community or catch rushing waterfalls and majestic coastal redwoods at the many parks nearby. With the homes you want, the space you need and the connectivity you crave, Rosewood is your starting point for an exciting new chapter.
coming early 2025 - 8 new townhomes
See the Drawings below!
Solar Requirements: Amounts are general estimates based on the module type and panel size. The exact quote you'll receive from Complete Solar once in contract with the home takes into account the utility's current rate at that point in time AND factors specific to the home (panel orientation, home elevation, roof and solar designs, etc.).
Purchase Cost (Estimated): $13,900 3.65kw 9 module
Solar Lease Options (Estimated)
Sundance:
9 panels = Estimated $128 - $175/month (lot 6)
11 panels = Estimated $158 - $200/month
Moonstone:
9 panels = Estimated $128-175/month
Other Monthy Non-Mortgage Costs (Estimated):
Monthly HOA dues: $440
Home Insurance Requirement: H06
Base Property Taxes $802.71
Direct Levies - Sundance $10.57 and Moonstone $10.74
Mello Roos - Sundance $281.97 and Moonstone $287.56
Property Amenities
Pickleball Court, Tot-lot park, Shared public park
Solar and Non-Mortgage Costs are best estimates based on information provided by the builder. These figures may change.
Program Documents:
The Resale Restriction limits the price you can resell the house for and the amount of equity it can build. The difference between the home's fair market value and the maximum restricted resale price is known as “Excess Sales Proceeds.” This amount belongs to the program, and the City records a note and deed of trust to protect those proceeds. Among other requirements and responsibilities, you will be required to complete an annual compliance certification, validating that you as the owner are still occupying the property. Renting the property will breach program requirements disqualifying you from the program. You can hire an attorney to help you understand the Program Documents that you will be required to sign and abide by.
Restriction Term: 45 years
OPPORTUNITY DRAWING #625
UPDATE 2.21.2025: BUYER SELECTED, ACCEPTING BACK UP APPLICANTS.
821 Fatima Lane / Sundance Plan 1
4 Bedrooms 2.5 Bathrooms
Approx. 2040 Sq Ft
Restricted Sales Price: $846,000
Solar Requirements:
Purchase Cost (Estimated): $13,900
Lease: $128-175/month
Solar Requirements: Amounts are general estimates based on the module type and panel size. The exact quote you'll receive from Complete Solar once in contract with the home takes into account the utility's current rate at that point in time AND factors specific to the home (panel orientation, home elevation, roof and solar designs, etc.).
Other Monthy Non-Mortgage Costs (Estimated):
Monthly HOA dues: $440.00
Home Insurance Requirement: HO6
Base Property Taxes $802.71
Direct Levies $10.57
Mello Roos $281
Property Designated AMI: Up to Moderate
Occupancy Standard: Household Minimum Waived, Maximum 9 people. Owners must occupy the home.
Resale Restriction Terms: 45 Years (Review the documents )
First-Time Home Buyer Requirement: Yes (see guidelines for the definition)
Please refer to the ODN (Right) for additional information
Important Information
Specific to this drawing, there is no entry deadline or file submission deadline.
Applicants will be reviewed on a First-File, First-Served basis. Please refer to the Opportunity Drawing Notice for further details. Applicants who opted out can submit to participate as a First File First Serve by following the process.
OPPORTUNITY DRAWING #534
910 Loyola Lane - (Moonstone)
4 Bedrooms 2.5 Bathrooms
Approx. 1844 Sq Ft
Restricted Sales Price: $846,000
Solar Requirements:
Purchase Cost (Estimated): $13,900
Lease: $128-175/month
Solar Requirements: Amounts are general estimates based on the module type and panel size. The exact quote you'll receive from Complete Solar once in contract with the home takes into account the utility's current rate at that point in time AND factors specific to the home (panel orientation, home elevation, roof and solar designs, etc.).
Other Monthy Non-Mortgage Costs (Estimated and may change):
Monthly HOA dues: $424.00
Home Insurance Requirement: HO6
Base Property Taxes $802.71
Direct Levies $10.74
Mello Roos $287.56
Property Designated AMI: Up to Moderate
Occupancy Standard: Household Minimum Waived, Maximum 9 people. Owners must occupy the home.
Resale Restriction Terms: 45 Years (Review the documents)
First-Time Home Buyer Requirement: Yes (see guidelines for the definition)
Please refer to the ODN (Right) for additional information
Important Information
Specific to this drawing, there is no entry deadline or file submission deadline.
Applicants will be reviewed on a First-File, First-Served basis. Please refer to the Opportunity Drawing Notice for further details. Applicants who opted out can submit to participate as a First File First Serve by following the process.
RESOURCES
How-to and Informational Videos
How to get started and prepare a file
Register for HUD Approved 1st Time Homebuyer course
Complete (Full) File Document Checklist
Lender List and Forms: Click Here
Historical Information
No longer applicable to the drawings.
City Preferences
Note: The Final Ranking number is subject to change after preferences are verified. Applicants cannot adjust their City Preference Tiers after the Drawing Entry Deadline. Preference Tier adjustments or corrections by the applicant after the Drawing Entry Deadline will not be considered.
