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1515 15th Street 401, San Francisco, CA 94103, San Francisco, 94103 - bed, 1 bath

1515 15th Street 401, San Francisco, CA 94103 home-pic-0
ACTIVE$344,926
1515 15th Street 401, San Francisco, CA 94103
0Bed
1Bath
383Sqft
14,126.51Lot
Year Built
2014
Close
-
List price
$345K
Original List price
-
Price/Sqft
$901
HOA
$599
Days on market
-
Sold On
-
MLS number
425088856
Home ConditionExcellent
Features
Good View:
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $344.9K(11th), sqft - 383(8th), beds - undefined(8th), baths - 1(36th).

A Studio 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, 01/21/2025 @ 8 am. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification accepted on FCFS basis. Fair Housing Opportunity.

Price History

Date
Event
Price
11/20/25
Price Change
$344,926
05/06/21
Sold
$292,500
01/28/15
Sold
$221,500
Condition Rating
Excellent
Built in 2014, this property is only 10 years old and presents in virtually new condition. The kitchen features modern flat-panel cabinetry, white subway tile backsplash, white countertops, and stainless steel appliances (gas range, dishwasher, refrigerator). The bathroom is equally contemporary with a modern vanity, vessel sink, and white subway tile in the shower/tub. Hardwood flooring extends throughout the living areas, and the unit includes a stacked washer/dryer. All fixtures, finishes, and systems appear to be in excellent, well-maintained condition, requiring no immediate updates or repairs.
Pros & Cons

Pros

Below Market Rate (BMR) Opportunity: Offers a rare chance for homeownership in San Francisco at a significantly reduced price point compared to market value.
Modern Construction: Built in 2014, the property benefits from contemporary design and infrastructure, likely requiring less immediate maintenance.
Desirable San Francisco Location: Situated in a vibrant San Francisco neighborhood, providing excellent access to urban amenities, employment centers, and public transport.
First-Time Homebuyer Focus: Specifically designed to assist first-time homebuyers, providing a unique pathway to property ownership for eligible individuals.
Government-Supported Program: Part of the Mayor's Office of Housing and Community Development (MOHCD) program, ensuring a structured and supported purchasing process.

Cons

Restrictive Eligibility & Resale Controls: Subject to strict income limits, first-time homebuyer requirements, and future resale restrictions, significantly narrowing the buyer pool and limiting future appreciation.
Compact Living Space: The studio unit measures only 383 sqft, which may be considered too small for some buyers and limits versatility.
High Monthly Association Fees: A monthly association fee of $599 is substantial for a studio unit, adding a significant ongoing cost to homeownership.

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