1238 Sutter Street 303, San Francisco, CA 94109, San Francisco, 94109 - 1 bed, 1 bath
1238 Sutter Street 303
San Francisco, CA 94109
Property Price
SUMMARY
Analysis of 1238 Sutter Street 303, San Francisco, CA 94109 is currently available with a list price of $329,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2018, this property is virtually new construction. The kitchen features modern flat-panel cabinetry, light countertops, and stainless steel appliances. The bathroom boasts a contemporary floating vanity, integrated sink, and large-format tiling with modern fixtures. Throughout the unit, there is consistent hardwood flooring and recessed lighting, all in pristine condition, reflecting current design trends and quality standards with no visible wear or deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Below Market Rate (BMR) Pricing
Offers an exceptionally rare and affordable entry point into the San Francisco housing market at $329,000, significantly below typical market values.
- Modern Construction
Built in 2018, the unit is relatively new, suggesting modern design, updated systems, and potentially lower immediate maintenance needs.
- Prime Urban Location
Situated on Sutter Street in San Francisco, providing excellent access to city amenities, public transportation, and cultural attractions.
CONSRISKS & DEFICIENCIES
- Strict Eligibility & Program Restrictions
The property is subject to rigorous income limits, first-time homebuyer status, and MOHCD waivers/resale controls, significantly limiting the buyer pool and future flexibility.
- Compact Unit Size
At 420 sqft, the 1-bedroom unit offers very limited living space, which may be a significant drawback for many potential buyers.
- High Monthly Association Fee
The $541 association fee is substantial for a unit of this size and price point, adding a considerable ongoing cost to homeownership.
About 1238 Sutter Street 303
First Come First Serve no lottery 1 bedroom Below Market Rate Temporary SFMOHCD Waviers may apply to the following:(BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $104,900; 2 = $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 is listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org). Visit https://housing.sfgov.org for application & program info. Fair Housing Opportunity
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2018
- Lot Size
- 4,830.8 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $541 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 43% |
| Baths | 1.0 | 2.0 | 46% |
| Square foot | 420 | 977.5 | 12% |
| Lot Size | 4,830.8 | 9,783.96 | 31% |
| Price | $329.0K | $1.05M | 6% |
| Price per sq ft | $783 | $894 | 36% |
| Built year | 2018 | 1966 | 97% |
| HOA | $541 | $881 | 16% |
| Days on market | 780 | 203 | 99% |
Pricing History
Listed for Sale
Jan 17, 2024
$329,000
Initial Listing
Sold
Feb 21, 2019
$341,500
Public Record