Archive for the 'Proposition 60' Category

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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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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Luxury awaits you at this active adult community in San Mateo. If you own some prime Real Estate on the San Francisco Peninsula and are ready to downsize, consider buying a condominium at the Versailles. You or your partner have to be 55 or older to live here. 50% of the 61 units have sold and I understand the first owners are moving in. Currently only the 2 bedroom/2 bath units are still available. Depending on the squarefootage these condos sell from  $ 1,035,000 to $ 2,160,000. The largest floor plan includes a den or offer an additional half bath. There is a monthly fee to cover meal-plans and amenities that will make you feel like a king or queen. This beautiful facility will offer a concierge service, an indoor pool and fitness center, a club lounge, an European spa, a business center, room service and limousine rides to name a few. The roof top has a walking track and a putting green. Centrally located at 10 Crystal Springs Road in San Mateo, restaurants, the movie theatre and Central Park are just a short walk away. If you qualify for Proposition 60 you can keep your current property tax. Are you a pet owner? The Versailles is pet friendly. Please check for weight restrictions to make sure that your pet will receive a royal welcome here.

For more information go to: www.versailleslife.com

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Let’s say you bought your 4 bedrooms/ 2 bath home in Burlingame in 1995 for $545,000. Based on the tax collectors estimated property value of $ 645,000 in 2007, your property tax probably costs you about $7000/year. The kids have left home and you are thinking of getting a smaller place with no steps. With proposition 60 in place if you are 55 or older, you are able to take your property tax with you one time in San Mateo County (other counties cooperate). Your new home has to be purchased for equal or lesser value. Imagine you can sell your home for $ 1.7 Mio and are looking at a nice one level 3 bedrooms/2bath house in San Carlos for $1.2 Mio. The property tax for a house of this value would normally cost you about $13,000/year but since you are bringing your tax base with you, $ 7,000 is all you are paying.

For more information on proposition 60 go to:

http://www.smcare.org/

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 So your kids are off to college and you are no longer depending on your house to be located in a good school district in San Mateo county . Make room for the next generation of  young families to move into your neighborhood . With Proposition 60 in place you will be able to take your property tax with you as long as you purchase a new home of equal or lesser value in San Mateo county. (other counties cooperate)How about the Gramercy on the Park? Located right across from San Mateo’s Central Park in downtown San Mateo you have the convenience of shops, restaurants, movie theatres and medical facilities in walking distance. The Gramercy offers a 24 hour doorman service, an indoor swimming pool and a great location. Currently there are 3 units available. The Penthouse is offered for $ 1,750,000.00.

For more information about Proposition 60 go to:

http://www.smcare.org/

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Versailles in San MateoAre you 55 or older and always wanted to live in a chateau in France? Here is your chance to live at the Versailles right in the center of San Mateo County and enjoy resort living without leaving the country. The first luxury models will be available for showings at the end of August. These 1 bedroom and 2 bedroom condos are being build at the corner of Crystal Springs Road and El Camino Real in San Mateo. Take advantage of Proposition 60 and transfer your property tax to your new residence. For more information go to:    http://www.versailleslife.com

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