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Home Buying in Ashbury Heights : Real Estate Advice

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  • Home Buying6
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Activity 6
Fri Sep 15, 2017
Amrita Cottrell answered:
Wed Aug 30, 2017
Zeo Niu answered:
Generally, it's 1.25% of the assessed value plus supplemental tax (if it applies). When you make a new purchase the housing value will be reassessed.

Zeo Niu | Realtor | Lic. # 01998250
Better Homes & Gardens | Buyer's specialist & Residential/Commercial real estate
C (415) 644-8078 Email you6ying@gmail.com | weiwei.niu@gobhg.com
Team JDJ Testimonies: http://www.zillow.com/profile/JeffreyDeJesus/#reviews
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Fri Sep 30, 2016
Walter 'Skip' Kersten answered:
Unfortunately, no. Goggle Proposition 60 and 90 to see the requirements.
Good luck,
0 votes 1 answer Share Flag
Tue Jan 29, 2013
Gregory Karr answered:
No, your real estate taxes will remain the same.

However, if you move from the home and rent it out you will lose your homeowners exemption because you no longer occupy the residence. That's not a big deal because the exemption only saves you about $70 a year anyway.

How would you like to have a property manager and let me take care of leasing, maintaining, collecting the rent, and paying bills for you?

Greg 415 695-0254
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Mon Feb 20, 2012
Rich Bennett answered:
Hello-

It would be best for you talk to your CPA or other qualified tax professional regarding this. You could also contact the City's Assessor's Office too.

Thanks

Rich Bennett, Realtor in Sf since 2002

Zephyr Real Estate
DRE#01358540
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Fri Oct 16, 2009
Mike Ackerman & Oliver Burgelman answered:
Chris,

Where did you see that it is for sale - I'm curious?

You sure can negotiate! If it's for sale *and* you've got more than 35% - 40% downpayment in cash and solid cash reserves! Tax records show it is as an eight unit property. That kind of property is exempt from the typical 1-4 unit HUD lending guidelines and only a few portfolio lenders would touch it.

I know the block pretty well and sold the property a few doors at 417 Ashbury not that long ago... Looking forward to hearing from you!

All my best,

Mike Ackerman, CRS, e-Pro
Zephyr Real Estate
ABZ@ZephyrSF.com
415-695-2715
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