1000 Dewing Avenue 204, Lafayette, California 94549, Lafayette, - bed, bath

home-pic
ACTIVE$480,049
1000 Dewing Avenue 204, Lafayette, California 94549
1Bed
2Baths
881Sqft
Lot
Year Built
2017
Close
-
List price
$480K
Original List price
$480K
Price/Sqft
-
HOA
$875
Days on market
-
Sold On
-
MLS number
ML82023445
Home ConditionExcellent
Features
View-

About this home

Grand opportunity to purchase a Below Market Rate (BMR) property! The price is the price. You must: 1) Purchase as Owner Occupied Only, and 2) Meet Contra Costa Moderate 2025 income limits (see more below), and 3) Approved by City of Lafayette. Given that, this is an amazing and spacious Town center 1 bedroom, 1.5 bath condo with top tier upgrades. Gourmet kitchen with 5 burner gas cooktop, convection oven, Ceasarstone quartz counter, and large built in fridge. Hardwood floor in living and dining and carpeted bedroom. Washer/dryer in unit. Quiet complex with business room/media center, secure keypad entry, gated assigned garage parking with remote access. Excellent location walking distance to BART, restaurants, shops and hiking trails. Top rated schools. Moderate income levels by number of people in household: 1 -- $134,250, 2 -- $153,400, 3 --$172,600, 4 -- $191,750.

Price History

Date
Event
Price
10/01/25
Listing
$480,049
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (10 Listings)
Beds12
18%
Baths23
36%
Square foot8811,560
9%
Lot Size00
Price$480K$1.45M
9%
Price per square foot$545$838
18%
Built year20172019
45%
HOA$875$840
73%
Days on market35182
9%
Condition Rating
Excellent

Built in 2017, this condo is practically new and features 'top tier upgrades' as described. The kitchen boasts modern white cabinetry, Caesarstone quartz counters, stainless steel appliances including a 5-burner gas cooktop, convection oven, and built-in fridge. Bathrooms are equally contemporary with dual vanities, quartz countertops, modern fixtures, and stylish tile work. Hardwood flooring in living areas and new-looking carpet in the bedroom, along with modern light fixtures throughout, confirm a property in pristine, move-in ready condition with no deferred maintenance.
Pros & Cons

Pros

Below Market Rate (BMR) Opportunity: This property is offered as a Below Market Rate (BMR) unit, presenting a grand opportunity for eligible buyers to purchase at a significantly reduced price compared to market value in Lafayette.
Premium Interior Upgrades: The condo boasts top-tier upgrades, including a gourmet kitchen with a 5-burner gas cooktop, convection oven, Caesarstone quartz counters, a large built-in fridge, and hardwood floors in the living/dining areas.
Prime Walkable Location: Enjoy an excellent town center location with walking distance to BART, a variety of restaurants, shops, and hiking trails, offering unparalleled convenience and lifestyle benefits.
Modern Construction & Amenities: Built in 2017, the property features modern construction, an in-unit washer/dryer, and complex amenities such as a business room/media center, secure keypad entry, and gated assigned garage parking.
Access to Top-Rated Schools: Located in a district with top-rated schools, which adds significant value to the community and can be a strong draw for residents.

Cons

Strict Eligibility Requirements: The purchase is subject to stringent conditions, including owner-occupancy only, meeting Contra Costa Moderate 2025 income limits, and approval by the City of Lafayette, severely restricting the buyer pool.
High Monthly Association Fee: A substantial monthly association fee of $875.0 adds a significant recurring cost to ownership, which could impact affordability despite the BMR pricing.
Limited Resale Market: Due to the ongoing BMR restrictions, the future resale market will likely be limited to other eligible BMR buyers, potentially affecting long-term appreciation and liquidity.

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