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888 7th Street 143, San Francisco, CA 94107, San Francisco, 94107 - 1 bed, 1 bath

888 7th Street 143, San Francisco, CA 94107 home-pic-0
ACTIVE UNDER CONTRACT$430,585
888 7th Street 143, San Francisco, CA 94107
1Bed
1Bath
535Sqft
95,280Lot
Year Built
2007
Close
-
List price
$431K
Original List price
-
Price/Sqft
$805
HOA
$537
Days on market
-
Sold On
-
MLS number
423755149
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $430.6K(16th), sqft - 535(16th), beds - 1(49th), baths - 1(38th).

Applicants applying for this BMR unit are eligible for one or more of the following one-time waivers*:Increase qualifying AMI by up to 20%. Remove first-time homebuyer requirement.Exclude income from assets in the calculation.Adjust household size rules.Allow homebuyer education completion after the initial application.Lower minimum financing requirements for buyers. *Temporary adjustments to the eligibility requirements will expire on 06/30/2025 unless further extended by MOHCD.First Come First Serve. No lottery. 1 Bedroom Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $100,850; 2 = $115,300; 3 = $129,700, 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. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application date, July 11, 2023. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification-Offers as they come. Please see the virtual tour at https://my.matterport.com/show/?m=iecePHpzbN7

Nearby schools

5/10
Daniel Webster Elementary School
Public,•K-5•0.7mi
5/10
Moscone (George R.) Elementary School
Public,•K-5•1.2mi
6/10
King (Starr) Elementary School
Public,•K-5•1.2mi
4/10
Bryant Elementary School
Public,•K-5•1.3mi
/10
Chinese Education Center
Public,•K-5•1.7mi
6/10
San Francisco Public Montessori School
Public,•K-5•2.3mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•2.4mi
2/10
Fairmount Elementary School
Public,•K-5•2.5mi
1/10
Mission Education Center
Public,•K-5•2.5mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•0.5mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•1.5mi
4/10
Everett Middle School
Public,•6-8•1.6mi
3/10
Lick (James) Middle School
Public,•6-8•2.2mi
2/10
Revere (Paul) Elementary School
Public,•K-8•2.4mi
6/10
Rooftop Elementary School
Public,•K-8•2.6mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•3.2mi
3/10
San Francisco Community Alternative School
Public,•K-8•3.5mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•3.8mi
7/10
Hoover (Herbert) Middle School
Public,•6-8•4.2mi
6/10
Aptos Middle School
Public,•6-8•4.5mi
9/10
Lawton Alternative Elementary School
Public,•K-8•4.9mi
1/10
Downtown High School
Public,•9-12•0.7mi
3/10
O'connell (John) High School
Public,•9-12•1.1mi
2/10
S.F. International High School
Public,•9-12•1.1mi
3/10
Mission High School
Public,•9-12•1.6mi
2/10
Wells (Ida B.) High School
Public,•9-12•1.9mi
2/10
Marshall (Thurgood) High School
Public,•9-12•2.4mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•2.5mi
8/10
Galileo High School
Public,•9-12•2.6mi
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
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•3.4mi
2/10
Jordan (June) School For Equity
Public,•9-12•3.7mi
7/10
Balboa High School
Public,•9-12•4.0mi
7/10
Lincoln (Abraham) High School
Public,•9-12•4.7mi
7/10
Washington (George) High School
Public,•9-12•5.0mi
10/10
Lowell High School
Public,•9-12•5.3mi

Price History

Date
Event
Price
02/25/23
Price Change
$430,585
09/16/14
Sold
$292,500
06/04/08
Sold
$270,500
Condition Rating
Good
Built in 2007, this property is 17 years old, aligning with the 'Good' condition criteria. The unit is move-in ready with a well-maintained kitchen featuring modern stainless steel appliances and light wood cabinetry. Hardwood flooring is present throughout, and the overall aesthetic is clean and contemporary for its age. While not newly renovated, all visible components appear functional and in good condition with minimal wear and tear.
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).
Affordable Entry into SF Market: As a Below Market Rate (BMR) unit, this property offers a significantly reduced price point, providing a rare and accessible opportunity for homeownership in the high-cost San Francisco market.
Flexible Eligibility Waivers (Temporary): The temporary waivers, including increased AMI, removal of first-time homebuyer requirements, and lower financing minimums, broaden the pool of eligible buyers, making the unit more attainable.
Streamlined Application Process: The 'First Come First Serve' and 'No lottery' approach simplifies the application process, offering a more direct path to purchase compared to typical BMR lotteries.
Modern Construction: Built in 2007, the property benefits from relatively modern construction, likely featuring contemporary design and fewer immediate maintenance concerns than older buildings.
Virtual Tour Availability: The inclusion of a virtual tour allows prospective buyers to thoroughly explore the unit remotely, enhancing convenience and transparency in the viewing process.

Cons

Strict BMR Resale Controls & Restrictions: The property is subject to long-term resale controls, monitoring, and other restrictions by MOHCD, which can limit future appreciation potential and ownership flexibility.
Income and First-Time Homebuyer Requirements: Despite temporary waivers, the underlying strict income caps and general first-time homebuyer criteria significantly narrow the pool of eligible purchasers, requiring specific financial qualifications.
Compact Living Space: At 535 square feet, the 1-bedroom unit offers limited living space, which may be a constraint for buyers seeking more room or planning for future household growth.

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