Archive for the 'Real Estate for Seniors' Category

Requirements for the one time only tax base transfer for Proposition 90 are:
Homeowner/spouse must be 55 or older
Replacement residence must be equal, or less than residence sold
Replacement property must be purchased, within two years after the sale of original property

San Mateo, Santa Clara and Alameda County are the only counties in the Bay Area that have adopted the Prop.90 ordinance. For complete information on the inter-county tax transfer please contact the respective assessor’s office:
Alameda 510.272.3787
San Mateo 650.363.4500
Santa Clara 408.299.2401

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I am proudly presenting my new listing  at 112 Madison Ave. #204 in San Mateo, CA 94402. This top floor/1200 sqft end unit in a small 20 unit building will appeal to first time buyers and buyers who are downsizing alike.

The kitchen has been up-grated with granite counter tops and high end stainless steel appliances. Everything has been painted and the new carpet was just installed last week. The building has an elevator and the unit has laundry hook ups for a full size washer/dryer. The underground garage offers secure parking. A rather large balcony faces a lovely, very quiet backyard. We hope you will visit us this weekend January 30/31 between 1-4PM. More pictures can be seen www.chrismolnarhome.com

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Choosing where to live depends on many factors. How far it is to the next grocery store (0.21 miles), the library (0.26 miles) and public transportation matters to more people every day. The 2 bedroom/2bath condo at 1515 Floribunda Ave # 107  in Burlingame  is ideally located if you do not want to be dependant on your car. Listed by Mark Johnson/Coldwell Banker for $ 589,500 this beautiful up-dated, one level condo is ideal for anyone downsizing. For more information visit Mark’s website at www.1515Floribunda.com or call him at 650.685.7648 to check the walkability of your neighborhood before you buy go to: www.walkscore.com

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The Peninsula Regent in San Mateo www.PeninsulaRegent.com offers a retirement community in an urban setting. Located just two blocks from the San Mateo downtown area, residents can easily walk to shops, restaurants, the park andmovie theatres. I looked at several condominiums that are currently for sale. A lovely 1 bedroom, 1 bath condo with a remodeled kitchen is listed for $ 359,000.(listing agent Arlene Sullivan/Coldwell Banker, San Mateo) asullivan@cbnorcal.com)  An other floor plan offered a second bathroom and a den for $ 399,000 but didn’t have the kitchen up-dates. (listing agent Annie Kraemer/Coldwell Banker San Mateo annie@anniekraemer.com) Unit # 410 was a spacious 1300 sqft condo with 2 bedrooms and 2 bathrooms. The Regent is based on the  independant living concept, however if in need, residents can temporarily move to the assisted living wing. In addition to purchasing a condo, residents pay a monthly membership fee and need to pass a physical exam and qualify financially. The Peninsula Regent is offering a retirement planning seminar on Sunday November 7th. RSVP 650.579.5500.

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We are excited about this new project of 10 new townhomes in San Mateo. Barneson Place is centrally located in the Baywood/Aragon school district on Barneson Ave between El Camino Real and Alameda de las Pulgas. The builder has spared no expense to create first class townhomes with 3 bedrooms and 2.5 baths which are about 1700sqft in size. Here are some of the highlights: maple kitchen cabinets and granite countertops, stainless steel appliances including refrigerator, hardwood floors, solid entry door, beautiful master suite with walk-in closet, luxurious master bath with bathtub and separate shower …..The Grand Opening is scheduled for Sunday, October 19th! For more information or to schedule a pre-view on October 18th please go to: www.barnesonplace.com  

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Whether you are searching for a rental unit, an Independent Living or an Assisted Living Community in San Mateo County, here are 8 senior communities that are worth investigating. Schedule an appointment for lunch/tour and meet the staff and residents. Please let me know if you would like me to come along for a visit! 

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The Peninsula Regent www.peninsularegent.com at 1 Baldwin Avenue in San Mateo is a beautiful retirement community. Currently there is a 2 bedroom/ 2 bath condominium offered for $ 499,000. This home is listed by Ann Kraemer/Coldwell Banker Tel: 650.558.6843. The Regent offers the elegance and service of a first class hotel with on site health care. Residents do own their own home and live independently. While enjoying the fine dining and luxury services, residents have the peace of mind that if needed there is a temporary assisted living wing. Downtown San Mateo which is just a few blocks away, offers movie theatres, shopping, restaurants and beautiful Central Park. If you don’t feel like walking just call for the Rengent’s Limousine. The monthly fee for one person is approximately $ 3,400. For health and financial requirements please contact Ann Kraemer or the Peninsula Regent directly.

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If you are approaching retirement age and own Real Estate in the Bay Area, you might want to plan a trip to beautiful Southern Oregon which by the way has similar climate patterns as Northern California. The Rogue Valley Manor is located in Medford, Oregon.  This beautiful campus offers retirees from California an affordable option to buy into a Continuing Care community. Located just 27 miles of the California/Oregon border it is easy to visit in a day’s drive from the Bay Area.  Entrance fees for a one bedroom apartment in the main Manor Building start at $ 103,000 with a monthly accommodation fee of approx. $ 1800. Besides three meals a day, the fee includes: weekly linen service, cable, electricity,  water and housekeeping every three weeks and much more. Studios, two and three bedroom apartments and cottages are available as well. When you schedule a visit with their marketing office at 1-800-848-7868 make sure to inquire about their complimentary round of golf at Quail Point Gold Course. Just off Interstate 5 the Rogue Valley Manor is worth a visit!

www.retirement.org/rvm

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Some of my clients are thinking about transitioning into a retirement community. Selling your home is only part of the process.   The question is where will one live. If family members are close by, seniors have the support of loved ones. However many older residents in our community have no family members at all, or their children live in an other state and find it difficult to do the research. I have decided to learn more about the options available. Yesterday a client and I visited the Saratoga Retirement Community in Saratoga. The main Spanish style building built in 1912 was completely remodeled about three years ago and is absolutely beautiful! The grounds on this 37 acres campus are lovely and the pool facilities are impressive. There are one-, two-, and two bedroom plus den floor plans available for the apartments.  Cottages have their own one car garage. As a Continuing Care Retirement Community (CCRC), residential living, assisted living services, specialized care for individuals with Alzheimer’s and skilled nursing care are offered. There is an entrance fee and a monthly fee. Please contact the Saratoga Retirement Community for the current fee schedule. We ended our visit with a delightful lunch which could have been served at one of the best restaurants in the area. The Saratoga Retirement Community is definitely worth a visit!

www.saratogaretirement.org

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Pacific Retirement Services, Inc. is building a new retirement campus in Foster City. If this project will be anything like their Saratoga campus, seniors (62 years and older) have a lot to look forward to. The Foster City building should be completed in 3 years or less. According to their website, plans call for 251 residential living apartments and 36 assisted living apartments. For seniors who are thinking about selling their current home in the near future, this might be an opportunity to stay in San Mateo county and to enjoy the comfort of a continuing care environment in a luxurious setting.

For more information go to: www.retirement.org

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