888 7th Street 231, San Francisco, CA 94107, San Francisco, 94107 - 1 bed, 1 bath
ACTIVE$460,894
888 7th Street 231, San Francisco, CA 94107
1Bed
1Bath
545Sqft
95,280Lot
Year Built
2007
Close
-
List price
$461K
Original List price
-
Price/Sqft
$846
HOA
$532
Days on market
-
Sold On
-
MLS number
425025217
Home ConditionGood
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $460.9K(17th), sqft - 545(16th), beds - 1(49th), baths - 1(38th).
1 Bedroom Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person= $104,900; 2 people = $119,900; 3 = $134,850; 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. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application date, April 1, 2025. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on April 22, 2025 at 5:00 PM. OPEN HOUSE: 4/6/25 @ 2-4pm; 4/10/25@5-7 pm; 4/19/25@1-3 pm. Fair Housing Opportunity.
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
01/12/25
Price Change
$460,894
08/03/18
Sold
$356,500
Condition Rating
Good
Built in 2007, this condominium is 17 years old and falls within the 'good' condition criteria. The images show a move-in ready unit with a contemporary aesthetic. The kitchen features white cabinetry, dark countertops, subway tile backsplash, and stainless steel appliances, all appearing well-maintained and functional. The bathroom also presents a modern vanity, dark countertop, and white subway tile in the shower, consistent with the property's age and style. Hardwood floors are present throughout the unit, contributing to a clean and updated feel. There are no visible signs of significant wear, tear, or outdated components requiring immediate renovation.
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 Housing Opportunity: This property presents a rare Below Market Rate (BMR) housing opportunity at 100% Area Median Income (AMI) in San Francisco, making homeownership accessible to eligible buyers in a high-cost market.
Desirable Location: Situated in San Francisco, the property benefits from a prime urban location with access to city amenities and potential for strong demand.
Modern Construction: Built in 2007, the unit is relatively new, suggesting modern building standards and potentially lower immediate maintenance concerns compared to older properties.
Clear Application Process: The detailed instructions for application, including open house dates and contact information for MOHCD, provide a structured and transparent path for interested and eligible buyers.
First-Time Homebuyer Focus: The program specifically targets first-time homebuyers, offering a unique entry point into the competitive San Francisco real estate market for those who qualify.
Cons
Strict Eligibility Requirements: The property is subject to stringent income and first-time homebuyer eligibility criteria, significantly limiting the pool of potential buyers.
Resale Controls and Restrictions: As a BMR unit, it is subject to resale controls, monitoring, and other restrictions, which may impact future appreciation and the owner's flexibility.
High Association Fee: A monthly association fee of $532 is substantial for a 545 sqft 1-bedroom unit, adding a significant recurring cost to homeownership.