Carol Carnevale • DRE# 00946687 • 650.465.5958
Nicole Aron • DRE# 00952657 • 650.740.7954
In our earlier post, we discussed the transfer of your property tax base from your current home to a new home located in a county with a Proposition 90 ordinance, and we explored values in some of these counties.
This post continues the research about representative values in other counties that allow you to transfer your property tax base, providing you meet all of the qualifications.
This large county to the east of Los Angeles offers city and rural options.
Here is a 3-bedroom/2 bathroom home with 1,080 sq. ft. of living area offered at $269,000 and represented by Pinnacle Estate Properties.
San Bernardino County:
Located on the eastern side of Los Angeles County, San Bernardino is densely populated and offers a variety of neighborhoods and housing choices, from urban to rural near Lake Arrowhead.
You get a lot for your money in Rancho Cucamonga! This home is being marketed by RE/Max Time Realty for $839,900. The property has a beautiful garden and an inviting swimming pool. There are 4 bedrooms/2.5 baths and almost 3,500 sq. ft. of living space. It’s just 25 minutes to the Claremont Colleges.
San Diego County:
Over the years we have had a few Bay Area clients move to the San Diego area where transferring your property tax base is just one of the benefits. The weather, the diversity of housing, and proximity to universities all add to the appeal.
This sweet home listed by Pacific Sotheby’s features one-level living, 4 bedrooms, 3 baths and almost 2,500 sq. ft. of living area. The interior is light and opens to a balcony with sweeping views of the city and the water beyond. An added bonus is the lower level bedroom/bath to accommodate visiting guests. The price is just $1,039,000.
If you are headed to Ventura County you can be just 2 blocks from a beautiful beach for $710,000. This 3 bedroom/2 bath home has about 1,450 sq. ft. of living area and is being marketed by Coldwell Banker.
We know that leaving the beautiful Bay Area and the wonderful community here is not easy. Leaving one’s home of many years and getting established in a new area is not enticing, but willingness to move allows a long-term homeowner to unlock the equity in their highly appreciated home. Moving to a lower cost area, particularly one that allows you to retain your current property tax base, allows you greater control over your resources and helps you to more comfortably manage your cash flow in retirement.
We have guided many homeowners in this situation through the sale of their family home and we would consider it a privilege to be your partners in success. Contact us if you’d like to discuss a strategy for you.