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1688 Pine Street 101, San Francisco, CA 94109, San Francisco, 94109 - 2 bed, 2 bath

1688 Pine Street 101, San Francisco, CA 94109 home-pic-0
ACTIVE UNDER CONTRACT$335,512
1688 Pine Street 101, San Francisco, CA 94109
2Beds
2Baths
886Sqft
35,483.98Lot
Year Built
2016
Close
-
List price
$336K
Original List price
-
Price/Sqft
$379
HOA
$830
Days on market
-
Sold On
-
MLS number
424073434
Home ConditionExcellent
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $335.5K(11th), sqft - 886(32th), beds - 2(50th), baths - 2(50th).

2 bedroom Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 2 people = $119,900; 3 = $134,850; 4 = $149,850, etc. Must 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. The unit will be available on a first come first served basis starting on 10/2/2025 at 8:00 AM PST. Please visit https://housing.sfgov.org/listings/a0W7y000007AvKLEA0 to view the listing and for application & program info Fair Housing Opportunity. Don't miss this first come first serve opportunity. Unit is eligible for MOHCD temporary waivers.

Price History

Date
Event
Price
11/03/24
Price Change
$335,512
11/08/16
Sold
$751,000
Condition Rating
Excellent
Built in 2016, this condominium is virtually new. The images showcase a modern aesthetic throughout, with a contemporary kitchen featuring two-tone flat-panel cabinetry, stainless steel appliances, and sleek countertops. The bathroom is equally modern with large-format dark tiling, a stylish vanity, and updated fixtures. Unique herringbone wood flooring adds a high-quality finish to the living areas. All components appear to be in excellent condition, reflecting current standards with no visible deferred maintenance.
Pros & Cons

Pros

Below Market Rate (BMR) Opportunity: This property offers a significant price advantage as a Below Market Rate (BMR) unit, making homeownership accessible in an otherwise expensive San Francisco market.
Modern Construction: Built in 2016, the property is relatively new, suggesting modern building standards, amenities, and potentially fewer immediate maintenance concerns compared to older units.
Prime San Francisco Location: Situated in San Francisco's 94109 postal code, the property benefits from a highly desirable urban location with access to city amenities and services.
Functional Layout: The 2 bedroom, 2 bathroom configuration provides a practical and desirable living arrangement, suitable for individuals, couples, or small families.
Fair Housing Opportunity: Explicitly stated as a Fair Housing Opportunity, ensuring broad and equitable access for eligible applicants through the Mayor's Office of Housing and Community Development (MOHCD).

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 886, other record living area = 548. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
Strict Eligibility & Resale Restrictions: The property is subject to stringent income limits (100% AMI), first-time homebuyer requirements, and MOHCD resale controls, significantly narrowing the potential buyer pool and limiting future flexibility.
High Monthly Association Fees: The association fee of $830 per month is substantial, adding a significant ongoing cost to homeownership, especially for a BMR unit.
Delayed Availability & Conflicting Status: The unit is not available until October 2, 2025, and is currently listed as 'Active Under Contract,' which creates confusion and uncertainty for prospective buyers seeking immediate opportunities.

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