JUST LISTED | 1310 TAYLOR STREET
stunning 3 BEDROOM CONDOMINIUM IN THE HEART OF NOB HILL
Come home to this exceptionally elegant apartment in one of San Francisco’s most desirable neighborhoods, Nob Hill.
With over 1,700 SQUARE FEET of living space, this expansive condominium boasts three bedrooms and two and half bathrooms. Its timeless design and thoughtful layout offers spaces ideal for everyday living and entertaining. Just steps from Huntington Park and some of the City’s best shopping & dining locations, this home is perfect as both a single family alternative or a dream pied-à-terre.
1310 TAYLOR ST.
ASKING: $2,495,000
3 bed | 2.5 bath | 1 PKG
Hardwood Floors | High ceilings w/ high end details throughout
Large living room open to dining room
Beautiful chefs kitchen
Master Suite with postcard view of Telegraph Hill
Shared garage w/ 1 car independent parking
HOA $326.78/mo
This Residence Has It All…
Inside and out, this wonderfully updated home has everything for the most discerning buyer: city neighborhood, luxurious design, quality construction, flowing floor plan, modern living areas, and more. Fully renovated and converted to condos in 2017, this apartment has been lovingly decorated, offering a gorgeous, move-in-ready, roomy residence suited to any lifestyle.
The Floor Plan…
At the top of the stairs is a large light filled space with the LIVING ROOM and DINING ROOM offering the perfect setting for entertaining. The adjoining kitchen is outfitted with top quality appliances and abundant storage. At the rear of the unit is beautiful MASTER SUITE with large MASTER BATH, CLOSET and a postcard view of Telegraph Hill. The SECOND BEDROOM is just down the hall from a large SECOND FULL BATH and POWDER ROOM offering convenience for residents and guests. The THIRD BEDROOM is located back at the front of the unit, overlooking Taylor Street. One independent PARKING spot makes for easy Nob Hill living.
Just Steps From It All…
Located on Taylor between Jackson and Washington, this unit is just steps from Huntington Park. Walk downtown or to Union Square then ride the Cable Car home. Just one of the many transportation options. Enjoy an evening out at Nob Hill Cafe and The Top of the Mark or grab a bottle of wine from VJ Grocery and stay in. This home boasts unparalleled access to the city at large.
open house schedule:
Tuesday 2/4: 9am to 10:30am
Saturday 2/8: 2pm to 4pm
Sunday 2/9: 2pm to 4pm
Call for additional info & private showings
CONTACT INFORMATION:
JOHN “JL” TOWNSEND
415-601-2227
john.townsend@compass.com
By The Numbers | SF Home Sales Prices By Bedroom, Property Type & Neighborhood
Great Value Without The Risk! These Aren't Your Parents TICs....
TICs are a fantastic option for buyers in an inventory strapped market like San Francisco and should not be overlooked. Yet more often than not, the first response I get when talking to buyers is “I was told TICs are really risky and should stay away from them….” While that would have been good advice 20 years ago, the fact is, nothing could be farther from the truth today!
Risky History…
TIC stands for Tenancy In Common and were introduced in the 1980s as a way for buyers to purchase a property in neighborhoods they may not otherwise be able to afford. Unlike a condominium, TICs are not subdivided. In the simplest terms, it is a form of co-ownership in which each property owner owns a percentage of the property rather than a specific unit.
Prior to 2002, when purchasing a TIC, buyers were required to be under one group loan, creating financial risk. Should one TIC owner miss his/her share of mortgage payment, the other owners of the property would be in jeopardy of defaulting. These riskier bulk loans existed because early TICs did not have specific space assignments or “usage rights” as part of their co-ownership agreements.
TICs Today…
In today’s world, the majority of TIC properties in San Francisco are actually “space-assignment co-ownerships” or SACO TICs “…which are intended to have the look and feel of condominiums or other legal subdivisions, and assign particular houses, apartments, rooms, offices, stores, or storage spaces to each owner…” (Andy Sirkin). SACO TICs are created with TIC Agreements that specify these space assignments and spell out the rules and regulations for use.
More importantly, these SACO TICs opened the door for “fractional financing” where each TIC owner obtains his/her own financing on their percentage of the property, eliminating the earlier risk of becoming responsible for another owners inability to pay their loan. “These fractional mortgages are secured only by one co-owner’s TIC share in the property, meaning that one owner’s mortgage default does not imperil the other owners.” (Andy Sirkin)
Bottom line…
While loan options for TICs are usually limited to 5, 7 or 10/1 ARMs and often require a min of 25% down, when compared to a condo in the same neighborhood, today’s TICs are a fantastic value without any additional risk.
Can I defer capital gains when I sell my bay area home?
Recently, one of the most common questions I have been getting from clients who are anticipating a significant capital gains when they sell is “can I use my primary residence in a 1031 tax-deferred exchange?”
The short answer from the IRS is a flat no, only “investment properties” qualify for a 1031 exchange. However, as is the case with most of our tax code, there are absolutely exceptions!
The Winning Offer: How to win over the seller of your dream home...
This is the one! You’ve found the perfect house and today is the offer date. You know it’s going to be competitive and you’re praying you get the house. Your agent calls and asks you for the personal letter to include with your offer. You totally forgot and you are late for work so you ask “why do I have to do a personal letter if a seller is just looking for the highest price they can get?” Well…