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3256 16th Street 3, San Francisco, CA 94103, San Francisco, 94103 - 1 bed, 1 bath

3256 16th Street 3, San Francisco, CA 94103 home-pic-0
ACTIVE$329,035
3256 16th Street 3, San Francisco, CA 94103
1Bed
1Bath
753Sqft
3,635Lot
Year Built
1983
Close
-
List price
$329K
Original List price
-
Price/Sqft
$437
HOA
$716
Days on market
-
Sold On
-
MLS number
425081242
Home ConditionExcellent
Features
Excellent View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $329.0K(11th), sqft - 753(30th), beds - 1(43th), baths - 1(36th).

Dolores Park 1-bedroom, 1 bath, 1 parking Below Market Rate (BMR) housing opportunity available at 120% Area Median Income (AMI). Maximum income for 1 person = $130,900: 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. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application date, Tuesday, October 14th. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on Thursday, November 6th at 5:00 PM. OPEN HOUSE DATES/TIMES. Thursday, October 16th @ noon - 2pm - Sunday, October 19th @ noon-2pm - Tuesday, October, 28th 5pm-7pm. Fair Housing Opportunity. Prime Mission Dolores location near Dolores Park, Valencia Street shopping and restaurants, Market Street and BART.

Price History

Date
Event
Price
10/14/25
Price Change
$329,035
01/21/15
Sold
$210,000
05/16/97
Sold
$119,000
Condition Rating
Excellent
Despite being built in 1983, this property has clearly undergone a recent and extensive interior renovation. The kitchen features modern stainless steel appliances, sleek dark cabinetry, white stone countertops, and a contemporary farmhouse sink. The bathroom is also fully updated with a stylish wood-tone vanity, modern fixtures, and dark herringbone subway tile in the shower. Hardwood floors are in excellent condition throughout, complemented by fresh paint and recessed lighting, indicating all visible components are new or virtually new and meet current quality standards.
Pros & Cons

Pros

Prime Mission Dolores Location: Situated in a highly desirable neighborhood, offering immediate access to Dolores Park, vibrant Valencia Street shops and restaurants, and major transit hubs.
Exceptional Affordability (BMR): Priced significantly below market value as a Below Market Rate (BMR) opportunity, making homeownership accessible in an otherwise expensive San Francisco market.
Dedicated Parking Space: Includes a valuable dedicated parking space, a rare and highly sought-after amenity for a 1-bedroom unit in this dense urban environment.
Generous Unit Size: At 753 sqft, the 1-bedroom unit offers a comfortable and spacious living area, exceeding the typical size for similar properties in the city.
Excellent Transit Connectivity: Proximity to Market Street and BART ensures convenient access to public transportation, facilitating easy commutes throughout San Francisco and beyond.

Cons

Restrictive Buyer Eligibility: The BMR program imposes strict income limits and first-time homebuyer requirements, significantly narrowing the pool of eligible purchasers.
Resale Controls and Limitations: The property is subject to MOHCD resale controls and other restrictions, which can limit future appreciation and an owner's ability to freely sell the unit.
High Monthly Association Fee: A substantial monthly association fee of $716 adds a significant ongoing cost to ownership, potentially impacting affordability despite the lower purchase price.

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