831 Fassler Avenue, Pacifica, California 94044, Pacifica, - bed, bath
ACTIVE$725,895
831 Fassler Avenue, Pacifica, California 94044
3Beds
3Baths
1,704Sqft
Lot
Year Built
2025
Close
-
List price
$726K
Original List price
$726K
Price/Sqft
-
HOA
$455
Days on market
-
Sold On
-
MLS number
ML82012250
Home ConditionExcellent
Features
Excellent View: Canyon, Mountain(s), Ocean, Valley
Patio
ViewCanyon, Mountain(s), Ocean, Valley
About this home
This is a City of Pacifica Below Market Rate (BMR) home. To obtain additional information and secure a BMR lottery application to purchase the home visit BAAHA's property website located at - https://www.myhomegateway.org/pacifica-heights-bmrs.html - Lottery applications must be submitted by no later than 5:00pm Friday July 25, 2025. For more information and questions regarding the City of Pacifica's BMR Program contact BAAHA at info@myhomegateway.com
Price History
Date
Event
Price
06/24/25
Listing
$725,895
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 3 | 3 | 50% |
| Square foot | 1,704 | 1,472 | 86% |
| Lot Size | 0 | 0 | |
| Price | $726K | $1.15M | 14% |
| Price per square foot | $426 | $776 | 14% |
| Built year | 2025 | 2025 | 50% |
| HOA | $455 | $448 | 57% |
| Days on market | 134 | 134 | 50% |
Condition Rating
Excellent
The property is listed with a 'year_built' of 2025, indicating it is a brand new construction. A newly built home inherently meets the 'Excellent' condition criteria, as all components are new or virtually new, meeting current quality standards with no deferred maintenance and minimal physical depreciation. Although interior images are not available to assess specific kitchen and bathroom styles or features, the new construction status is the primary determinant for this score.
Pros & Cons
Pros
Affordable Housing Opportunity: As a Below Market Rate (BMR) home in Pacifica, this property offers a significant financial advantage and accessibility for eligible buyers in a high-cost real estate market.
New Construction: With a year built of 2025, this is a brand-new property, ensuring modern building standards, energy efficiency, and minimal immediate maintenance or renovation needs.
Desirable Coastal Location: Located in Pacifica, the property benefits from its scenic coastal environment, access to outdoor activities, and convenient proximity to the San Francisco Bay Area.
Diverse Scenic Views: The property offers appealing views of Canyon, Mountain(s), Ocean, and Valley, enhancing its aesthetic appeal and potential resale value.
Spacious & Functional Layout: The townhouse features a practical 3-bedroom, 3-bathroom layout across 1704 sqft, providing ample and comfortable living space.
Cons
BMR Program Restrictions: The Below Market Rate (BMR) status comes with strict eligibility criteria, income limitations, and potential resale restrictions, which significantly narrow the pool of prospective buyers and future investment flexibility.
Recurring Association Fees: A monthly association fee of $455.0 adds a significant recurring cost to homeownership, which must be factored into the buyer's budget.
Lottery Application Process: The requirement to apply through a lottery by a specific deadline makes the purchase process less direct and more competitive than a standard market listing, adding uncertainty for interested parties.