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301 Crescent Court 3214, San Francisco, CA 94134, San Francisco, 94134 - 2 bed, 2 bath

301 Crescent Court 3214, San Francisco, CA 94134 home-pic-0
ACTIVE$589,000
301 Crescent Court 3214, San Francisco, CA 94134
2Beds
2Baths
1,156Sqft
114,415Lot
Year Built
2007
Close
-
List price
$589K
Original List price
-
Price/Sqft
$510
HOA
$885
Days on market
-
Sold On
-
MLS number
425030958
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $589.0K(17th), sqft - 1156(50th), beds - 2(50th), baths - 2(50th).

A beautiful move in ready 2 bedrooms, 2 baths Below Market Rate housing opportunity available at 120% Area Median Income (AMI). Maximum income for 2 people = $149,650; 3 = $168,300; 4 = $187,000 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 6/5/2025 at 8:00 AM PST. Please visit https://housing.sfgov.org/listings/a0W7y000004jaWTEAY to view the listing and for application & program info. Fair Housing Opportunity. One of the largest units in the building. High ceiling. Bright and spacious living room with private patio. Gated community with 24-hour security. Easy freeway access. Owner has paid off one-time special assessment about $37K.

Price History

Date
Event
Price
03/18/25
Price Change
$589,000
08/31/07
Sold
$371,500
Condition Rating
Good
Built in 2007, this property is 17 years old and falls within the 'Good' category's age range. The listing describes it as 'move-in ready,' which is supported by the images showing a clean and well-maintained unit. The kitchen features granite countertops and light wood cabinets, which are functional and in good condition but reflect the original build year's style and are somewhat dated by current trends. One bathroom vanity area is consistent with this style, while the second bathroom's shower appears to have been more recently updated with modern tiling and fixtures. Overall, the property shows minimal wear and tear, and no immediate renovations are required.
Pros & Cons

Pros

Below Market Rate Opportunity: This property offers a significant Below Market Rate (BMR) housing opportunity, making homeownership more accessible in an otherwise expensive San Francisco market.
Move-in Ready with Desirable Features: The unit is described as beautiful and move-in ready, featuring high ceilings, a bright and spacious living room, and a private patio, enhancing its immediate appeal.
Gated Community & Security: Located within a gated community with 24-hour security, providing residents with enhanced safety and peace of mind.
Spacious Unit: At 1156 sqft, this is noted as one of the largest 2-bedroom, 2-bath units in the building, offering ample living space.
Financial Benefit (Assessment Paid): The previous owner has paid off a substantial $37,000 special assessment, removing a significant financial burden for the new buyer.

Cons

Strict Eligibility & Resale Restrictions: The property is subject to strict income limits (120% AMI), first-time homebuyer requirements, and MOHCD resale controls, limiting the pool of eligible buyers and future flexibility.
Delayed Availability & Uncertainty: The unit will not be available until June 5, 2025, and is offered on a first-come, first-served basis, creating a waiting period and potential competition.
High Monthly Association Fee: The association fee of $885 per month is relatively high, adding a significant recurring cost to homeownership.

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