Danielle Lazier

Archive for the 'MarketTracker' Category

Do You Qualify for an Property Tax Reduction? San Francisco, CA

“As our economy continues to recover and the San Francisco housing market follows suit, many home owners have had success with reducing their San Francisco Property Taxes.  “How?”, you may ask, given property taxes are based on the last sales price of the property and are rarely adjusted by the city?  Here’s a quick and dirty explanation:

1. If you own a home and it’s your primary residence, you may apply for a $7,000 exemption from your assessed value.  New property owners will receive an application automatically with their supplemental assessment bill. Existing property owners should first confirm they were not granted this exemption on their current bill.  If you are not receiving it, you can call the SF Assessment Board at 415.564.5542.
2. Can you lower your property tax base due to market value decline? There have always been a variety of ways to lower your tax base.  Disaster relief, builder’s exclusion, veteran’s exemption, exclusions/exemptions for parent to child change in ownership and several others.  With the volatile market, the Assessment office will review individual owner’s requests to reduce their tax base.  The first step is contacting the Valuation Division – 415.554.5596.  If a reduction is “justified,” the value will be reduced.  If the Valuation Division doesn’t agree, an owner can apply to the Assessment Appeals Board for relief.  If you file an assessment appeal on an existing value, you have to file with the County Assessment Appeals Board (City Hall – Room 405).”

…Read this article and more in the new issue of MarketTracker, courtesy of Zephyr Real Estate. Also in this issue:

Most Recent Sales
San Francisco Market Overview
A Peek at Potrero Hill
Bay Area News Bites – Dolores Park, SF Airport, America’s Cup, San Francisco 49ers

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Tags: Market Tracker, MarketTracker, tax reduction, tax update, Zephyr Real Estate

Transbay Housing Update – San Francisco, CA

“The San Francisco Redevelopment Agency has awarded Golub and Co. and Mercy Housing the rights to develop 557 units of housing on Folsom Street.  This is a deal that will generate upwards of $30 million that will be used for the Transbay Terminal.

…Read this article and more in the new issue of MarketTracker, courtesy of Zephyr Real Estate. Also in this issue:

Most Recent Sales
San Francisco Market Overview (the Single Family Home sector is looking up!)
Make it Your Own- MarketTracker is now customizable for you.
New Construction in Pacific Heights

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Tags: Market Tracker, MarketTracker, zephyr

Car-Free? No Problem in San Francisco, CA!

“A recent study conducted by 24/7 Wall Street identified the 10 best cities to live without a car. San francisco made the cut!

There were many elements that factored into this decision, including:

• Widely available and efficient public transportation system (Are they talking about MUNI?!)
• Availability of daily amenities such as groceries, shopping, schools and entertainment easily accessible on foot or by bike (We sure do have a lot of Whole Foods!)
• Walkability
• Mild weather

The study looked at the 100 largest metro areas in the country. Each was evaluated based on the percentage of neighborhoods covered by public transit, the number of jobs within 90-minute travel by that public transportation, the walking score of neighborhoods, amenities available via walking, and the biking opportunities within the area. (Of note: Seven of the top 10 cities are also on Top 50 Bike Friendly Cities list).”

…Read this article and more in the new issue of MarketTracker, courtesy of Zephyr Real Estate. Also in this issue:

Most Recent SF Home Sales
San Francisco Real Estate Market Overview
Spotlight on NoPa (North of Panhandle neighborhood)
Gearing Up For the Season

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Tags: Market Tracker, MarketTracker, zephyr

Fall Picks for Noe Valley in San Francisco, CA

“Situated very centrally in the City, this neighborhood is home to one of the most vibrant streets in San Francisco – 24th Street. Highlighted by world class dining, cafes, bars and shops, 24th Street has something for everyone. In recent years, Noe has become home to many San Francisco families. As anyone who’s walked 24th Street recently can testify, you can’t go a half dozen steps without bumping into a pooch on parade or a baby stroller.

Considered the “South of Market Pacific Heights,” the real estate in Noe is a great mix of single-family homes, condos, TICs and multi-unit buildings. Much like 24th Street, there’s something for everyone in Noe Valley. Here are a few picks, from the high to the low of single-family homes, a well-priced condo, and a rare 3-unit offering….”

…Read this article and more in the new issue of MarketTracker, provided by Zephyr Real Estate. Also in this issue:

• Most Recent Sales
• San Francisco Market Overview
• Newest Social Media: SkyChalk
• On Broadway

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Tags: Market Tracker, Zephyr MarketTracker

Yours for the Low Price of $28.5 Million in San Francisco, CA!

“If it wasn’t in your price range before, the recent $3.5 million price cut probably won’t be enough to do the trick. It’s still an impressive number for a price reduction though.

2701 Broadway was on the market for a year at a list price of $32 million. The seven-bedroom, seven-bath “home” (such a quaint term for an approximately 16,400 square foot property) was completely rebuilt/restored in 2002. It has three rooftop terraces, six fireplaces, two family rooms, two offices, and two kitchens…that’s enough extra rooms for a couple more homes. The property also includes a basketball court and unobstructed views of the Golden Gate, of course….”

…Read this article and more in the new issue of MarketTracker, provided by Zephyr Real Estate. Also in this issue:

• Most Recent Sales
• San Francisco Market Overview
• Off the Beaten Path
• Four Bidders Vie to Develop Transbay Housing
• Yours for the Low Price of $28.5 Million

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Tags: Market Tracker, Zephyr MarketTracker

Property Tax Update – San Francisco, CA

“San Francisco property owners will have to dig a little deeper into their pockets come December and April when Property Taxes are due.

The city is raising property tax in accordance with Proposition 13 which allows for a cost of living adjustment of property values.  This year the state has approved a .753% increase.  (The only other time property taxes change in San Francisco is upon the sale of a property when the value is re-assessed).

The property taxes in San Francisco will increase to $1.1718 per $100 of assessed value.  This is expected to boost the total property tax revenue in SF to $1.33 billion this fiscal year…”

…Read this article and more in the new issue of MarketTracker, provided by Zephyr Real Estate. Also in this issue:

• Most Recent Sales
• San Francisco Market Overview
• Dolores Park and Stow Lake Improvements
• Glen Park is Heating Up

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Tags: Market Tracker, property taxes, Zephyr MarketTracker

Half-Off $70 Million Penthouse in San Francisco, CA!

“Currently, the most expensive bank-owned residence in the country is in San Francisco. The Museum Tower Penthouse, a.k.a. the St. Regis Penthouse, was once listed for $70 million.

It’s a 6 bedroom, 6 full bath, 4 half-bath penthouse unit that is well over 20,000 square feet. It’s actually the combination of 3 penthouse units, which span 2 floors. This is a unit that was created by a real estate mogul by the name of Victor MacFarlane, and it has never even been lived in…”

…Read this article and more in the new issue of MarketTracker, provided by Zephyr Real Estate. Also in this issue:

• Most Recent Sales
• San Francisco Market Overview
• Neighborhood Watch: The Sunset
• Dolores Park Update

Want Zephyr Market Tracker in your inbox every 2 weeks? Sign up for local San Francisco real estate updates for neighborhoods like Noe Valley, Bernal Heights, Hayes Valley, Mission Bay, Mission Dolores and all SF neighborhoods?

Tags: MarketTracker, San Francisco Penthouse, Zephyr MarketTracker

From Parking Spots to Public Parks – More Parklets Filling the Streets of San Francisco, CA

“Since last March, parking spaces all over the city have been transformed into uniquely designed public parks and pedestrian spaces. The so-called Parklets are a joint venture between the Mayor’s Office, the Department of Public Works, the Planning Department, and the Municipal Transportation Agency.

With this week’s ribbon cutting on the Powell Street pedestrian promenade, there are now at least 14 parklets around San Francisco according to Streetsblog SF. Next time you’re strolling through San Francisco, check out some of the newest additions…”

…Read this article and more in the new issue of MarketTracker, provided by Zephyr Real Estate. Also in this issue:

• Most Recent San Francisco Real Estate Home Sales
• San Francisco Housing Market Overview
• Parking Meter Update
• Madrone Mission Bay Condo Development Website and Sales Office Are Live

Want Zephyr Market Tracker in your inbox every 2 weeks? Sign up for local San Francisco real estate updates for neighborhoods like Noe Valley, Bernal Heights, Hayes Valley, Mission Bay, Mission Dolores and all SF neighborhoods?

Tags: Market Tracker, Parklet

Grocery Shop ‘Til You Drop! New Franchises Coming to San Francisco, CA

“San Franciscans go gaga for farmers markets, and who doesn’t love their corner bodega? But it when it comes time for those major shopping trips (hello, 4th of July BBQ!), most city dwellers agree that we need more supermarkets. Fortunately, a few franchises are coming to our rescue:

Trader Joe’s – Everyone’s favorite bastion of fresh produce, pre-made dips and Two Buck Chuck is set to open yet another San Francisco location. TJ’s – NOB HILL Edition is set to open in 2012 and at approximately 14,000 square feet it stands to be one of the larger city markets. The store has recently signed a lease in the heart of Nob Hill at 1401 California Street, at the corner of Hyde. Permits are expected to be finalized by end of 2011 and renovations to the interior and exterior are in the works.

Fresh and Easy – The third San Francisco-based Fresh and Easy Market opened this past week in the Outer Richmond. Sitting at 32nd Avenue and Clement Street, the chain has seen big and happy crowds since the opening on June 22nd. Residents were sent $5 off coupons to encourage them to come in and check out the store. A fourth location that will serve the Bayview community is scheduled to open at 3rd Street and Carroll on August 24.

Safeway – The long planned and patiently awaited renovation of the Safeway at Ocean Beach has finally been officially submitted to the Planning Commission. The plan calls for residential housing and major renovations to the existing market.”

…Read this article and more in the new issue of MarketTracker, provided by Zephyr Real Estate. Also in this issue:

• Most Recent Home Sales
• San Francisco Market Overview
• Condo Prices Near the SF Ballpark
• Local Blog Asks Which SF Park Dogs Prefer

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Tags: Market Tracker, Trader Joes

Hello, Fleece Jackets! Union Square, San Francisco, CA is the 2nd Busiest Pedestrian Thoroughfare in the Country!

“As the summer arrives (along with the fog) we can expect our fine city streets to be filled with travelers and tourists coming from near and far to take in the beauty that is San Francisco.  According to the San Francisco Planning Department, Powell Street in the heart of Union Square is the 2nd busiest pedestrian thoroughfare in the country, behind only New York’s Times Square…

New steel extensions will expand the sidewalk by more than 6 feet between Geary and Ellis Street.  The city will also be adding custom designed furniture and plants. In order to create this room, all parking spaces on the two block stretch will be removed…”

…Read this article and more in the new issue of MarketTracker, provided by Zephyr Real Estate. Also in this issue:

Most Recent San Francisco Real Estate Sales
San Francisco Housing Market Overview
Battle of the Portals – West Portal vs. Portola
A Giant Step Forward on Treasure Island
Walk This Way

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Tags: market statistics, Market Tracker, market update, Zephyr MarketTracker