Rincon Hill Towers

Get a sneak preview this weekend of a well priced 2 bedroom 2 bath condo at the Metropolitan SF on Rincon Hill before it goes on the MLS.  Part of the growing new neighborhood on Rincon Hill, across the street from One Rincon Hill, and two blocks from The Infinity.  Shopping, restaurants, arts, museums, and public transit are all nearby.  With most 2 bedrooms in this area starting around 900k and up, this lovely condo is priced at only 769k! 

It features an exceptional floorplan with a gourmet kitchen with Granite counter-tops and a Sub Zero Refrigerator, Bosch dishwasher, Bosch Range and gas cooktop , & microwave.  2 full bathrooms with marble counter-tops.  In unit separate washer and dryer closet, AC, deeded parking space and storage area.

This unit has direct access to a large common area patio in a secluded private area near the pool.  Although this is a common area, because of its location, it is not used by residents and gives the unit access to a spacious outdoor area.  The patio offers a fantastic area for children, a great overflow space for entertaining guests, or makes it easy to exit the building if you have pets.

Click for photos

 Call Scott Osborne  415-734-8005 for questions or to schedule a showing.

Many real estate consumers may not be aware of the various exclusions from

change in ownership reassessments currently available to their clients.  For example, Section 63.1 of the Revenue and Taxation Code allows transfers between parents and their children to be excluded from reassessment. The end result is the new owners, whether parent or child, enjoy the prior person’s property tax base. The advantage to your client is that they would pay substantially less property taxes.Proposition 193, effective in March 1996, extended this benefit to the grandparent to grandchild transfers where the parents are no longer alive. Both these transfers (parent to child and grandparent to grandchild) have some limitations and require anapplication to be filed in the county where the property is located.

The Taxpayers’ Rights Advocate Offi ce of the Board of Equalization can also direct you to other resources on this or any other property tax issue. In addition, if you arehaving diffi culty getting an issue resolved through normal channels, the Advocate’soffi ce stands ready to help. The Advocate’s offi ce works closely with all 58 counties (as well as the Internal Revenue Service and Franchise Tax Board) and is able to assist both taxpayers and assessors resolve problems that occur prior to, during or after the assessment process. For more information, visit the Board of Equalization’s Website at www.boe.ca.gov/tra.htm or call toll free 1-888-324-2798.

In a recent stop by the Infinity sales office this weekend to check up on their inventory and sales pace, the sales office was buzzing with activity.  The inventory has been shrinking steadily since my last visit a few weeks ago.  However, there are several nice one bedroom homes remaining from around 692k to 790k.

 There are two bedrooms available from the low 9’s up to 1.9M and also a few 3 bedrooms to choose from.  The Infinitiy Tower 2 is already soaring into the sky as the construction crew is making quick progress.  Closings for Tower 1 at Infinity should start in February.

 For a tour of this or any of other new developments downtown, call Scott Osborne 415-734-8005.

Rincon Hill is an exciting area adjacent to the heart of downtown San Francisco.  It is experiencing the growth of some phenomenal residential new buildings including One Rincon Hill, the tallest residential tower west of the Mississippi right at the foot of the Bay Bridge.  A few others include Millennium Tower, which will soon rise taller than One Rincon, The Infinity Towers, The Turnberry Towers at 45 Lansing, The Californian on Rincon Hill, the Metropolitan (”The Met”) and several others.

My goal is to provide you with valuable insights into the individual characteristics of each of these projects.  Please call for a tour.  Scott Osborne 415-734-8005.