1578 Indiana Street 11, San Francisco, CA 94107, San Francisco, 94107 - 1 bed, 2 bath
ACTIVE$375,000
1578 Indiana Street 11, San Francisco, CA 94107
1Bed
2Baths
962Sqft
4,981Lot
Year Built
2003
Close
-
List price
$375K
Original List price
-
Price/Sqft
$390
HOA
$905
Days on market
-
Sold On
-
MLS number
422685201
Home ConditionFair
Features
Good View:
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $375.0K(14th), sqft - 962(49th), beds - 1(49th), baths - 2(50th).
First Come First Serve! No lottery. Temporary Waivers May Apply to the Following: 1 bedroom Below Market Rate (BMR) housing opportunity available at 120% Area Median Income (AMI). Maximum income for 1 Person = $125,900; 2 = $143,900; 3 = $161,800, etc.Artist Live/Work Unit At least a member of the household member must hold a valid and active San Francisco Business License to authorize art activities at the time of applicationMust be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org). Visit https://housing.sfgov.org for application & program info. Fair Housing Opportunity.
Nearby schools
6/10
King (Starr) Elementary School
Public,•K-5•0.5mi
5/10
Daniel Webster Elementary School
Public,•K-5•0.8mi
4/10
Malcolm X Academy
Public,•K-5•1.3mi
2/10
Fairmount Elementary School
Public,•K-5•2.0mi
1/10
Mission Education Center
Public,•K-5•2.3mi
/10
Chinese Education Center
Public,•K-5•3.2mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•3.2mi
6/10
San Francisco Public Montessori School
Public,•K-5•3.7mi
2/10
Revere (Paul) Elementary School
Public,•K-8•1.5mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•1.6mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•2.0mi
3/10
Lick (James) Middle School
Public,•6-8•2.2mi
3/10
San Francisco Community Alternative School
Public,•K-8•2.9mi
6/10
Rooftop Elementary School
Public,•K-8•2.9mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•4.3mi
6/10
Aptos Middle School
Public,•6-8•4.4mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•4.6mi
9/10
Lawton Alternative Elementary School
Public,•K-8•5.4mi
2/10
S.F. International High School
Public,•9-12•1.0mi
1/10
Downtown High School
Public,•9-12•1.0mi
2/10
Marshall (Thurgood) High School
Public,•9-12•1.2mi
3/10
O'connell (John) High School
Public,•9-12•1.5mi
3/10
Mission High School
Public,•9-12•2.1mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•2.2mi
2/10
Jordan (June) School For Equity
Public,•9-12•2.8mi
2/10
Wells (Ida B.) High School
Public,•9-12•2.9mi
6/10
Academy Of Arts And Sciences
Public,•9-12•3.2mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•3.2mi
7/10
Balboa High School
Public,•9-12•3.3mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•3.6mi
8/10
Galileo High School
Public,•9-12•4.1mi
7/10
Lincoln (Abraham) High School
Public,•9-12•5.0mi
10/10
Lowell High School
Public,•9-12•5.2mi
7/10
Washington (George) High School
Public,•9-12•5.8mi
Price History
Date
Event
Price
06/08/22
Price Change
$375,000
02/27/09
Sold
$334,500
Condition Rating
Fair
The property, built in 2003, is 21 years old. While it is move-in ready and appears well-maintained with hardwood floors and recessed lighting in main areas, the kitchen and bathrooms feature styles and finishes that are characteristic of its build era and are now considered outdated. The kitchen has light wood cabinets and dark speckled granite, and the bathrooms have similar wood vanities, beige tiled showers, and dated globe light fixtures. All major components are functional and clean, but aesthetic updates would be beneficial to modernize the space.
Pros & Cons
Pros
Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Unbeatable Price Point: The list price of $375,000 offers an extraordinary value for a condominium in San Francisco, significantly below market rates due to its Below Market Rate (BMR) designation.
Prime San Francisco Location: Located in San Francisco, the property benefits from a highly desirable address with strong demand and convenient access to urban amenities and cultural attractions.
Modern Building Age: Constructed in 2003, the building offers more contemporary construction standards and potentially fewer immediate maintenance concerns compared to older properties in the city.
Generous Living Space: At 962 sqft, this 1-bedroom unit provides ample living space, which is a significant advantage for a condo of its type in the San Francisco market.
Unique Artist Live/Work Opportunity: The designation as an Artist Live/Work Unit caters to a specific niche, offering a tailored space and community for creative professionals.
Cons
Rigorous Buyer Eligibility: The property is subject to strict income limits, first-time homebuyer requirements, and the necessity of holding an active San Francisco Business License for art activities, severely limiting the potential buyer pool.
Resale Controls and Restrictions: As a BMR unit, it comes with resale controls, monitoring, and other restrictions imposed by MOHCD, which can impact future appreciation and ownership flexibility.
Substantial Monthly HOA Dues: The association fee of $905 per month is a considerable ongoing expense that buyers must factor into their budget, potentially impacting affordability.