|
|
Account Sign In Custom Search - All San Francisco Recent Postings All postings Search by Condo Building [map] One Hawthorne - Now Selling! Union SF - Now Selling! 829 Folsom - Now Selling! Citadine - Now Selling! The Infinity One Rincon Hill Millennium Tower Blu Arterra SOMA Grand The Metropolitan The Brannan Watermark The Palms 199 New Montgomery YBL Yerba Buena Lofts The Montgomery The Clocktower 188 King The Portside I The Portside II 170 Off Third 888 7th Street Radiance Fillmore Heritage The Hayes Homes on Esprit Park All condo buildings Search by Neighborhood South Beach South of Market Mission Bay Financial District Downtown Hayes Valley Van Ness/Civic Center Nob Hill Potrero Hill Inner Mission All neighborhoods Resources | Helpful Links Transit Center District Plan Downtown Skyline in Year 2020 Temporary Bus Terminal Plan: Presentation | Benefits CA High-Speed Rail Project: Summary | Disclosure Get Connected
|
Our Exclusive Listings:
Zero-point rates on 30yr fixed Conforming loans (up to $729k) begin the week back at record lows, and one-point rates on Jumbo loans (above $729k) are steady in the low- to mid-5% range. The European debt crisis flared up again last week and Friday's jobs report was drastically lower than expected. The result was that global investors continued to be net buyers of Treasury and mortgage bonds as a safe haven, and when mortgage bond prices rise on these buying rallies, rates drop. 
RECORD LOW RATES TO START WEEK As of market close Friday mortgage rates were again at their lowest levels since 1971. Attached is a chart showing this. The WeeklyBasis rate lock bias continues this week - mortgage bond levels make it unlikely rates can drop further, and this is the time for borrowers to lock record low rates....
...Read more
There is still an opportunity to purchase Infinity penthouses (only 2 left - Floor plan attached) as of 3/11/10:
41B - $7.35M (in negotiations) 3329 sq ft 10 feet ceilings HOAs = $ 995/mth
42B - $7.75M 11 feet ceilings
- 1 deeded parking space (2 tandem car parking spaces)
- Option to purchase a storage room with a door
- 39B is in contract and 40B is sold!
Here are all they have left in Tower 2 (Tower 1 is 100% sold):
2BR/2BAs
, the following is available:
39D - $1.850 approx. 1340sf HOAs = $747.51/mth (in negotiations)
40D - $1.925 approx. 1340sf HOAs = $747.51/mth
41D - $2.0 approx. 1340sf HOA's = $747.51/mth (also this unit has approx. 10 ceilings instead of the typical 9)
2BR/Den/2BAs
:
38F - $1.760 approx. 1560sf HOA's = $772.48/mth...
...Read more Tags: San Francisco Condos, The Infinity, Transbay Redevelopment Area, Financial District, New Construction, Transit Center District, High-rise, South Beach, South of Market
Have Questions? Contact us at info@folsomdistrict.com Tags: Current News, Transbay Redevelopment Area, Transit Center District, South Beach
The question has come up about appeals to have one's assessed property value reduced permanently, as opposed to Reduction in Value appeal which apply just for the tax year in which it is filed. It appears that these permanent reductions are pursuant to what is called a "Base Value Appeal" and it seems that one has to prove that one did not pay fair market value at the time of purchase -- which I bet is a tough one to prove. There are also strict deadlines for such appeals. Our Prop Tax Appeal newsletter has several links that provide more information. There is a link to a series of videos: This part is for a base value appeal andThis part is for filling out the appeal application (whatever type of appeal). And here again is the link for Publication 30, which reviews all the different types of appeals Tags: Property Tax Info
Watch an Interactive Video on Transbay Neighborhood, Transit Center and Caltrain Extension!!! A city plan to overhaul development impact fees could help revive some of San Francisco's biggest stalled housing projects, including Tishman Speyer's (developer for Infinity) 725-unit 201 Folsom St., and the 292-unit second tower in Urban West Associates' One Rincon Hill. The city's Office of Economic and Workforce Development is proposing a package of changes that would allow developers to pay impact fees after the building is completed, rather than before construction starts. It would also reduce affordable housing fees by a third, replacing that portion with a permanent 1 percent transfer fee that would generate long-term revenue for the Mayor's Office of Housing. The Planning Commission will consider the package of legislation next week....
...Read more Tags: South Beach, The Infinity, Transbay Redevelopment Area, South of Market, Financial District, One Rincon, Transit Center District 2 comments
Are you wondering what's left at The Infinity? I have an answer for you! Here are the remaining inventories:
As for available 2BR/2BA's, they are the following:
39D - $1.850 approx. 1340sf HOA's = $747.51/mth
40D - $1.925 approx. 1340sf HOA's = $747.51/mth
41D - $2.0 approx. 1340sf HOA's = $747.51/mth
(also this unit has approx. 10' ceilings instead of the typical 9')
They also have 2BR/den/2BA's that range from:
35F - $1.655 to 39E - $1.840 (same unit different "letter") approx. 1560sf, HOA's = $772.48/mth
Regarding our 3BR's, they have the following:
-Only (1) townhouse (two-story) left on the 39thfloor at $2.4. It is approximately 1680sf. The unit# is 39D.
-Then they still have some of our amazing 3BR's that face the bridge. They are the "C" plans, located on the 31stto 38thfloors. Although 36C is in negotiations and 37C has sold and closed escrow. Approximately 1624sf....
...Read more Tags: San Francisco Condos, South Beach, The Infinity, Transbay Redevelopment Area, High-rise, New Construction
After touching the lowest levels on record before Thanksgiving, rates are now about .1% higher than that. The attached chart shows rates from December 2009 back to April 1971, when Freddie Mac started officially tracking 30 year mortgage rates. The high was in October 1981, when borrowers paid an average of 2.3% points to buy a rate down to 18.45%. The low was November 25, 2009, when borrowers averaged 0.7% points to buy a rate down to 4.78% - note that 4.78% with 0.7% points was also achieved April 2 and April 30, 2009. These are rates on conforming loans up to $417,000 for single family homes with 20% or more equity in the property. Current rates for super conforming rates up to $729,750 and jumbo rates up to $2m are below.
...Read more Tags: Financing
Many of my buyers are excited about "Union SF", Brick and Timber New Construction on Bryant @ 19th (right in front of Blowfish Sushi), and that shows in their unit sales - nearly 50% SOLD since they started writing offers last month. 53 units total in phase I and will begin selling phone II anytime soon. Classy and elegant finishes with high end appliances in a kitchen and bathrooms. Pricing as of Nov 2009, subject to change:
202- $511,000 650 sq. ft
104- $715,000 1120 Sq. Ft
007 - $895,000 1580 Sq. Ft.
318 - $921,000 1500 Sq. Ft.
109 - $905,000 1350 Sq. Ft.
Tags: Potrero Hill, Union SF, Inner Mission
The federal home-buyers' tax credit has been extended through April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to be eligible for a tax credit of up to $8,000, while existing homeowners will now be eligible for a credit of up to $6,500. To qualify for the $6,500 credit, existing homeowners must have lived in their current residences for at least five years. The bill also increases the qualifying income limits to $125,000 for single tax filers and $225,000 for joint filers. The purchase price of the home is capped at $800,000. Taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. Home buyers do not have to repay the credit provided the home remains their primary residence for 36 months after purchase. This is a dollar for dollar credit against taxes due, not a deduction against income. How the credit may apply to you should be carefully verified with your accountant....
...Read more Tags: Financing
Just to let you know that we have closed a Spacious 2 level 2BR View Condo in Pointe Pacific at $400K. The property was not even on the market and the day after we made an offer, they received 3 more offers. We got ours in before everyone else and the final price is comparable to Bank Owned pricing. FHA loan 3.5% down and we closed it in 30 days. Detail and pictures: View Listings There are others that I know that might be of your interest and can get a great deal in Pointe Pacific and Village In the Park (beautiful gated community in Daly City - 10min to SF.) Most recent 3BR/3Bath Short Sale at Village in the Park: To view and print these listings, please click on View Report. **Please let me know if you are interested or would like to discuss further on these interesting properties. Mia 415.728.2596 Tags: Recent Sales by Mia, Daly City, Pointe Pacific
Thats great news! Thanks Mia, Julian and Jamie (RPM Mortgage) for all your help through the process. You really streamlined it and made it less overwhelming. We will definitely recommend your services to our friends in the market for a home. By Brandt Fuse (775 Mountain View - Daly City 2BR Condo) Tags: Client Testimonials, Daly City, Pointe Pacific
 A list price of $9,350,000 and the final sales price is confidential. For more info or questions, please email: mia@folsomdistrict.comPicture: Huge Balcony!!! Don't let the other Penthouses be SOLD... There won't be anything like this for a while in the City. Tags: Transbay Redevelopment Area, Transit Center District, Financial District, South Beach, Millennium Tower
From the beginning of our search, you showed a great deal of guidance, positive reinforcement, patience and flexibility working with us. Our entire concept of what we were looking for in a house and an area to live in changed several times (as did our price range). You stuck with us, and continued to feed us info. Most importantly, we never felt pressured, which is what we feared most in this process. First Offer: When we went through our first offer, you provided great info for us. We learned the ins-and outs of TICs with you. You both shared your opinions of the seller and listing agents' actions professionally, while giving us a clear picture of what seemed to be going on. The seminar you got us into on TICs was a major part of our education process, and probably saved us from getting into a terrible situation with that type of property. We can't thank you enough for that.... ...Read more Tags: Alameda, Single Family Home, Client Testimonials, Recent Sales by Mia
My client has closed on a Loft at Hawthorn Place (77 Dow place @ 2nd street) - what an amazing deal...lowest $/sq ft in the neighborhood! Spacious 2 level loft in the center of Financial District and South of Market. There are others currently available in this building. Please let me know if you are interested in knowing more, Mia 415728.2596 Tags: Hawthorn Place, Financial District, South of Market, San Francisco Condos, Recent Sales by Mia
 If you want an AMAZING Water, Bay Bridge, and/or City VIEWS, you must check out One Rincon Hill condo tower. You will be blown away as I see it happen everyday... They are about 75% sold and most of their lower floor units are gone; there are fantastic 1-2BR units on higher floors with breathtaking views. Picture taken from a balcony of a popular 02 floor CORNER plan (only 2 left!) on the 42nd floor. Any Questions? Email me at: mia@folsomdistrict.com Tags: One Rincon, High-rise, South Beach | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rates change daily as mortgage bonds trade. Rates held lows coming into this week due to scares about Dubai's ability to service their debt, and as that subsided, we end the week with the best jobs report since the recession began in December 2007: only 11,000 private sector jobs were lost in November and unemployment decreased from 10.2% to 10%. Still a staggering unemployment rate but a move down is significant, as is the decrease in job losses. Of course bond markets sell off on positive economic news like this, and when that happens, yields (or rates) rise....