Bay Area Senior Condo Housing Options
Here in the Bay Area housing continues to be one of the hot topics. For seniors it can be even more of a topic. Those seniors fortunate enough to own their own property may face additional burdens of monthly maintenance, cleaning and upkeep. In many cases, seniors who own a large home would like to downsize into a more manageable condo. But with real estate prices (and rents) skyrocketing what options do seniors have?
IN SEVERAL BAY AREA CITIES MANY SENIOR ONLY condo complexes exist which offer lower purchase prices and provide various amenities including cinemas, community rooms, transportation and other benefits.
Let’s Look At A Few Options:
IN SAN FRANCISCO CONDOS AT 1450 POST ST OCcasionally come up for sale. In August, unit 302 came up for sale for $299,000. The junior one bed, one bath exists in the renovated Carlisle, a senior condominium building for 62+ in the heart of the city. The location near the opera, symphony and great restaurants offers prime living. The monthly fees and HOA are $3963 which includes meals, housekeeping, activities, wellness center, and cinema. Over in Noe Valley one of San Francisco’s most popular neighborhoods, a one bed, one bath condo (3953 24th St #6) recently sold for $550,000. Zoned for an occupant 62 years of age or older, this charming 1BR/1BA top-floor condo boasted a large, south-facing patio that has outstanding views of Bernal Hill, Twin Peaks and city hills. The residence featured custom-made furniture, skylights, ceiling fan, gas fireplace, kitchen with stainlesssteel appliances. It also offered a well-equipped, community room that opens to the shared garden, and an elevator that serviced all levels. The location near car-sharing stations and public transit couldn’t be better.
Over in San Francisco’s Polk Gulch neighborhood a one bed, one bath condo with one car parking at 81 Frank Norris St #501 (a 55+ building) came on the market earlier this year for $499,999. This light-filled condo offers an open floor plan that consists of a living room, a kitchen featuring beautiful granite counter tops and stainless steel appliances, as well as a separate dining area. The bedroom has a large closet and an en suite full bathroom with extra storage. The unit also contains a walk-out patio perfect for morning coffee, an in-unit washer and dryer and a separate, large storage unit on the ground floor. The location near great restaurants, the SF Opera & Symphony, and public transportation makes a great option. Out in the sunny Silver Terrace district one senior condo (901 Bayshore Blvd #414) recently sold for $300,000. This renovated one bedroom/one bath home featured new stainless steel appliances, granite countertops, living rooms with gas fireplace and views to verdant Silver Terrace Park. The 55+ senior community offers easy access to cafes, shops, easy freeway access to 101, 280 and public transportation.
Up in San Rafael other senior options exist such as 200 Deer Valley Rd #1J. This one bedroom, two bath condo came on the market at $495,000. Located in a world class luxury gated retirement community, this ground floor unit offers an outdoor patio which sits adjacent to the main clubhouse and administration building for easy access to all amenities and activities. The unit features one large bedroom and master bathroom, adjacent den with a cozy two sided gas fireplace, second full bathroom, granite appointed kitchen with newer appliances, marble appointed bathrooms, 24 hour security gate, valet and concierge services, pool/spa, planned activities, pick-up and delivery service, fitness center, movie theater, wellness center, beauty salon, boutique, post office service, putting green, bocce court, garden and more. Monthly HOA fees $1,885/month. Mandatory meal plan $723/person/month.
Anyone who wishes more information or assistance with senior properties can feel free to contact me.
Editor’s Note: Keith Rockmael is a POA and real estate advocate and agent. He can be reached by email at firstname.lastname@example.org