72 Hour Closeout Sale at Arterra

Continuing on the last update on the Arterra in San Francisco, I just found out that there will be having a 72 hour closeout on the last 4 remaining units in the building!

From February 20-22nd, so if you are interested in living in Mission Bay and being close to work or easy access to the freeway, now may be your best chance in getting into a new development Condo in one of the city’s hottest new neighborhoods.

Remember that FHA financing is available. Arterra offers outstanding value, and many homes offer city and water views. Officially the first LEED-Silver certified high rise in San Francisco, Arterra features many unique green and sustainable attributes and is a great example of how sustainability does not have to come at the expense of amenities and value.

Arterra LEED Silver attributes include:

• Increased use of recycled materials
• Innovative uses for end of lifecycle resources
• Increased diversion of waste to landfills
• Sod-covered “living” rooftops to help reduce heating and cooling costs
• Renewable materials in the building’s public spaces
• Energy Star appliances in every home
• Building exterior covered in Trespa, a material made from end of lifecycle recycled materials

These are the final four remaining, if you have questions or would like to view them, give me a call at 415-680-8031.

*Click for a full size view

Arterra only has 6 units left!

The Arterra, San Francisco’s first complete LEED (Leadership in Energy and Environmental Design) certified building only has six units for sale remaining.

97% of the building is Sold, and with the last six units, these close-out residences will be starting from the $500,000s.

Arterra homes incorporate quality materials such as porcelain tile, bamboo and natural stone. After all, it’s the details that help make a house feel like home. The standard features listed below include two base-price choices for materials and finishes. Premium upgrades are also available.

FHA financing is available. Questions or would like to view the remaining units, please contact me (415.680.8031 or email me)

Hidden Assessments and Rising Cost for Condo Owners

If you’re a condo owner in the San Francisco Bay Area, this should be news that you NEED to read. I’ve read this multiply times and I am amazed to find out about the hidden assessments and control homeowner associations have against the property owners inside the condos.

These are issues that most real estate advisors, even established ones in the field may not even know, and it’s vital for the public as well as industry professionals grasp a clearer understanding for our clients who may be looking into purchasing a condo in the area.

One except that jumps is…

“California Law governing condos or CIDs allow homeowners [associations] to raise monthly fees as much as 20 percent a year without a vote from the residents and to levy special and emergency assessments for up to 5 percent of the total annual budget for the building without a vote.”

To Read the whole article from Carol Lloyd from the SFGate, click Here

Condos : Is the SQFT accurate?

I read a recent article from the Washington Post that if you’re a homeowner who looks at the square footage of a condo as one of your main buying points may find out that the measurements aren’t aligned with what the builder advertised for the space.

Apparently, there’s no “official” standard for measurement of condominiums and co-operative apartments, but there are “guidelines” in-placed by the ANSI (American National Standards Institute) that developers do follow when they measure and build Condos.

So if you’re a Condo owner or looking into purchasing a unit that’s a condo, be cautious with the square footage, and get your agent to double check the accuracy.

*Case in point with the next article about new affordable Condos in San Francisco’s Civic Center neighborhood.