1075 Market Street 503, San Francisco, CA 94103, San Francisco, 94103 - bed, 1 bath
ACTIVE$299,000
1075 Market Street 503, San Francisco, CA 94103
0Bed
1Bath
445Sqft
12,286Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top 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).
Top Cons:
Significant BMR Restrictions: As a Below Market Rate (BMR) unit, it is subject to stringent income eligibility requirements, potential first-time homebuyer stipulations, and substantial resale controls and monitoring by MOHCD, which can limit future appreciation and owner flexibility.
Compared to the nearby listings
Price:$299.0K vs avg $757.5K ($-458,500)11%
Size:445 sqft vs avg 984 sqft8%
Price/sqft:$672 vs avg $79936%
More Insights
Built in 2018 (7 years old).
Condition: This property, built in 2018, is practically new and in 'beautiful new condition' as stated in the description. The kitchen features modern two-tone cabinetry, stainless steel appliances (gas stove, dishwasher, refrigerator, microwave hood), and a contemporary tile backsplash, all appearing pristine. The bathroom is equally modern with a sleek vanity, dark countertop, undermount sink, and clean tile work in the shower/tub. Hardwood floors throughout the main living areas and modern light fixtures contribute to the overall high quality and contemporary aesthetic. There is no visible wear and tear or deferred maintenance, aligning perfectly with the 'Excellent' criteria for a property built within 10 years with all components new or virtually new.
Year Built
2018
Close
-
List price
$299K
Original List price
-
Price/Sqft
$672
HOA
$663
Days on market
-
Sold On
-
MLS number
422711389
Home ConditionExcellent
Features
Good View:
Deck
View-
About this home
Waivers available! Maximum income now 140%, don't have to be first-time homebuyer, can complete homebuyer education after applying, and more! Studio Below Market Rate (BMR) housing opportunity available at 120% Area Median Income (AMI). Maximum income for 1 person = $125,900; 2 people = $143,900; 3 = $161,800; 4 = $179,800, 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 1/6/2025 at 8:00 AM PST. Interested applicants should go to https://housing.sfgov.org/listings/a0W7y000002rN29EAE to view the FCFS listing information and to apply. Visit https://housing.sfgov.org for application & program info. Fair Housing Opportunity. Beautiful new condition studio at Stage 1075! Includes storage locker. Newer appliances including a gas stove, dishwasher and in unit washer and dryer. Common roof deck with bbq and dog run. The condo is near two BART stations. Many bus lines and the F line stop in front of the building. It is walking distance to Ikea, restaurants, theaters, shopping, and more.
Nearby schools
3/10
Tenderloin Community
Public,•K-5•0.5mi
7/10
Redding Elementary School
Public,•K-5•0.8mi
/10
Chinese Education Center
Public,•K-5•1.1mi
7/10
Muir (John) Elementary School
Public,•K-5•1.1mi
6/10
San Francisco Public Montessori School
Public,•K-5•1.5mi
2/10
Sanchez Elementary School
Public,•K-5•1.6mi
5/10
Daniel Webster Elementary School
Public,•K-5•1.6mi
5/10
Moscone (George R.) Elementary School
Public,•K-5•1.7mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•1.9mi
1/10
Mission Education Center
Public,•K-5•2.9mi
2/10
Fairmount Elementary School
Public,•K-5•2.9mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•0.4mi
4/10
Everett Middle School
Public,•6-8•1.5mi
6/10
Francisco Middle School
Public,•6-8•1.7mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•1.9mi
6/10
Marina Middle School
Public,•6-8•2.0mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•2.3mi
3/10
Lick (James) Middle School
Public,•6-8•2.4mi
6/10
Rooftop Elementary School
Public,•K-8•2.5mi
2/10
Revere (Paul) Elementary School
Public,•K-8•3.0mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•3.5mi
3/10
San Francisco Community Alternative School
Public,•K-8•4.0mi
7/10
Hoover (Herbert) Middle School
Public,•6-8•4.0mi
9/10
Lawton Alternative Elementary School
Public,•K-8•4.5mi
2/10
Wells (Ida B.) High School
Public,•9-12•1.3mi
1/10
Downtown High School
Public,•9-12•1.4mi
3/10
O'connell (John) High School
Public,•9-12•1.5mi
3/10
Mission High School
Public,•9-12•1.6mi
8/10
Galileo High School
Public,•9-12•1.7mi
2/10
S.F. International High School
Public,•9-12•1.8mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•1.9mi
2/10
Marshall (Thurgood) High School
Public,•9-12•3.1mi
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•4.2mi
2/10
Jordan (June) School For Equity
Public,•9-12•4.3mi
7/10
Balboa High School
Public,•9-12•4.3mi
7/10
Washington (George) High School
Public,•9-12•4.4mi
7/10
Lincoln (Abraham) High School
Public,•9-12•4.5mi
10/10
Lowell High School
Public,•9-12•5.2mi
Price History
Date
Event
Price
08/03/18
Sold
$247,000
Condition Rating
Excellent
This property, built in 2018, is practically new and in 'beautiful new condition' as stated in the description. The kitchen features modern two-tone cabinetry, stainless steel appliances (gas stove, dishwasher, refrigerator, microwave hood), and a contemporary tile backsplash, all appearing pristine. The bathroom is equally modern with a sleek vanity, dark countertop, undermount sink, and clean tile work in the shower/tub. Hardwood floors throughout the main living areas and modern light fixtures contribute to the overall high quality and contemporary aesthetic. There is no visible wear and tear or deferred maintenance, aligning perfectly with the 'Excellent' criteria for a property built within 10 years with all components new or virtually new.
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).
Exceptional Affordability: The list price of $299,000 offers a rare and highly competitive entry point into the San Francisco real estate market for a modern condo, especially as a Below Market Rate (BMR) opportunity.
Prime Urban Location & Transit: Situated on Market Street, the property boasts superior access to public transportation (two BART stations, numerous bus lines, F-line) and high walkability to essential amenities, dining, and entertainment.
Modern Construction & Amenities: Built in 2018, the unit is in 'beautiful new condition' with newer appliances, in-unit laundry, and desirable common amenities like a roof deck with BBQ and a dog run.
Included Storage Locker: The provision of a dedicated storage locker adds practical value and convenience, which is a significant advantage for urban studio living.
Flexible BMR Program Waivers: Recent program waivers, including an increased maximum income (140% AMI) and the ability to complete homebuyer education after applying, broaden the pool of eligible buyers for this BMR opportunity.
Cons
Significant BMR Restrictions: As a Below Market Rate (BMR) unit, it is subject to stringent income eligibility requirements, potential first-time homebuyer stipulations, and substantial resale controls and monitoring by MOHCD, which can limit future appreciation and owner flexibility.
High Monthly Association Fees: The $663 monthly association fee is considerable for a 445 sqft studio unit, adding a substantial ongoing cost to homeownership.
Delayed Availability: The unit will only be available on a first-come, first-served basis starting January 6, 2025, meaning a significant waiting period before a buyer can take possession.