280 Spear Street 3D, San Francisco, CA 94105, San Francisco, 94105 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$468,275
280 Spear Street 3D, San Francisco, CA 94105
2Beds
1Bath
887Sqft
54,885.602Lot
Year Built
2020
Close
-
List price
$468K
Original List price
-
Price/Sqft
$528
HOA
$933
Days on market
-
Sold On
-
MLS number
425065047
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $468.3K(12th), sqft - 887(35th), beds - 2(50th), baths - 1(37th).
2-bedroom Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 2 people = $124,700; 3 = $140,250; 4 = $155,850, 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, 8-15-2025. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 9-5-2025 at 5:00 PM. Fair Housing Opportunity.
Nearby schools
/10
Chinese Education Center
Public,•K-5•0.8mi
9/10
Chin (John Yehall) Elementary School
Public,•K-5•0.8mi
5/10
Daniel Webster Elementary School
Public,•K-5•2.1mi
6/10
San Francisco Public Montessori School
Public,•K-5•2.3mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•3.2mi
2/10
Fairmount Elementary School
Public,•K-5•3.9mi
1/10
Mission Education Center
Public,•K-5•3.9mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•1.3mi
6/10
Francisco Middle School
Public,•6-8•1.5mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•2.9mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•3.0mi
3/10
Lick (James) Middle School
Public,•6-8•3.5mi
6/10
Rooftop Elementary School
Public,•K-8•3.8mi
2/10
Revere (Paul) Elementary School
Public,•K-8•3.8mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•4.7mi
3/10
San Francisco Community Alternative School
Public,•K-8•5.0mi
9/10
Lawton Alternative Elementary School
Public,•K-8•5.8mi
8/10
Galileo High School
Public,•9-12•2.0mi
1/10
Downtown High School
Public,•9-12•2.1mi
3/10
O'connell (John) High School
Public,•9-12•2.4mi
2/10
Wells (Ida B.) High School
Public,•9-12•2.5mi
2/10
S.F. International High School
Public,•9-12•2.6mi
3/10
Mission High School
Public,•9-12•2.8mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•3.0mi
2/10
Marshall (Thurgood) High School
Public,•9-12•3.8mi
6/10
Academy Of Arts And Sciences
Public,•9-12•4.4mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•4.4mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•4.8mi
2/10
Jordan (June) School For Equity
Public,•9-12•5.2mi
7/10
Balboa High School
Public,•9-12•5.4mi
7/10
Washington (George) High School
Public,•9-12•5.5mi
7/10
Lincoln (Abraham) High School
Public,•9-12•5.7mi
10/10
Lowell High School
Public,•9-12•6.5mi
Price History
Date
Event
Price
07/01/25
Price Change
$468,275
11/06/20
Sold
$380,500
Condition Rating
Excellent
This property was built in 2020, making it a very recent construction. The images confirm a modern, virtually new condition throughout. The unit features contemporary design, new light-colored laminate/engineered wood flooring in main areas, and clean, new carpeting in the bedroom. The kitchen boasts modern white cabinetry with sleek hardware, dark countertops, and new white appliances, all in excellent, functional condition. Bathrooms are not explicitly shown but given the build year and overall aesthetic, they are expected to be equally modern and new. There are no visible signs of wear, tear, or deferred maintenance, aligning perfectly with the 'excellent' criteria for a newly built property.
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 (BMR): The list price of $468,275 for a 2-bedroom condominium in San Francisco represents a significant Below Market Rate (BMR) opportunity, making homeownership accessible in an otherwise highly expensive market.
Modern Construction: Built in 2020, the unit is a new construction, offering contemporary design, modern amenities, and reduced immediate maintenance concerns compared to older properties.
Prime Urban Location: Located at 280 Spear Street in the 94105 postal code, the property boasts a highly desirable San Francisco address, providing excellent access to the Financial District, Embarcadero, and public transportation.
Practical Unit Size: With 887 square feet, the 2-bedroom layout offers a comfortable and functional living space, suitable for individuals or small families.
Access to Quality Education: The property is in proximity to several public schools, including highly-rated options like John Yehall Chin Elementary (rating 9), adding value for families.
Cons
Stringent Eligibility & Application Process: The BMR status imposes strict income limits, first-time homebuyer requirements, and a complex application process through MOHCD, severely narrowing the potential buyer pool.
Significant Resale Restrictions: The property is subject to 'resale controls, monitoring & other restrictions' by MOHCD, which can limit future appreciation potential and the owner's flexibility in selling the unit.
High Monthly Association Fees: An association fee of $933 per month is substantial and will significantly increase the overall monthly housing cost, potentially offsetting some of the BMR price advantage.