Rosewood by Brookfield Residential

9 Four-Bedroom Moderate Homes will be released in multiple drawings.

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.


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

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

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 3, Maximum 9 people

Resale Restriction Terms: 45 Years (Review the documents below)

First-Time Home Buyer Requirement: Yes (see guidelines for the definition)

Please refer to the ODN (Right) for additional information

Important Deadlines

Drawing Entry Deadline: 10/25/2024 @ 5 PM

Initial Items Due by 10/25/2024 5 PM (Initial Items due from everyone, please see the Opportunity Drawing Notice for details)

Ranking results will be published approx. 10/30/2024

File Submission Deadline: 11/8/2024 by 5:00 PM (Additional Items due from everyone, please see the Opportunity Drawing Notice for details)