3256 16th Street 3, San Francisco, CA 94103, San Francisco, 94103 - 1 bed, 1 bath
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San Francisco, CA 94103
This Renovated BMR Condominium provides a high-quality entry into the San Francisco market, listed at $329,035—aligning perfectly with its $329,035 Fair Market Value. The residence maintains an Excellent Condition Rating due to a recent, comprehensive renovation featuring stainless steel appliances, marble-look countertops, and hardwood flooring. Located in the prime Mission Dolores district near Dolores Park and BART, the property includes a rare dedicated parking space. This move-in ready residence offers long-term financial stability and is perfectly suited for income-eligible buyers and urban professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3256 16th Street 3 Subject | $329,035* List Price | 1 | 1 | 753 | $437 | - |
A 140 South Van Ness Avenue 430 Sold | $382,250 | 1 | 1 | 795 | $481 | 0.6 mi |
B 338 Potrero Avenue 308 Pending | $414,731 List Price | 2 | 2 | 823 | $504 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1983, this unit appears to have undergone a comprehensive and recent renovation. The kitchen features new stainless steel appliances, modern dark shaker cabinets, marble-look countertops, and a stylish farmhouse sink. The bathroom boasts a contemporary vanity and striking dark herringbone tile in the shower. Hardwood floors and recessed lighting are present throughout, contributing to a fresh, move-in ready aesthetic with high-quality finishes that meet current standards.
The property is a Below Market Rate (BMR) opportunity, offering a significantly reduced list price of $329,035 compared to typical San Francisco market values, making homeownership accessible.
Situated in the highly desirable Mission Dolores neighborhood, offering excellent proximity to Dolores Park, Valencia Street's vibrant shopping and dining scene, and convenient access to Market Street and BART.
Includes one dedicated parking space, a valuable and sought-after amenity in a dense urban environment like San Francisco.
The condo project is explicitly 'NOT Fannie Mae approved,' which will severely limit conventional financing options and may require specialized lenders or cash buyers, complicating the purchase process.
As a BMR unit, it is subject to strict income limits, application processes, and resale controls by MOHCD, which significantly restrict buyer eligibility and future property flexibility.
The association fee of $716 per month is substantial for a 1-bedroom unit, adding a significant ongoing cost to homeownership.
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. **SPECIAL NOTES** This condo project is NOT Fannie Mae approved. Please contact the listing agent, Charles Loiacono, for more information. Applicants applying for this BMR unit are eligible for one or more of the following one-time waivers*: Qualifying AMI of 140%, as shown on the listing reflects the one-time 20% increase. Do not need to be a first-time homebuyer. Can have income from assets excluded from total household income. Can purchase a two-bedroom home as a single person. Can complete the homebuyer education after applying. Can make a down payment more than 50% of the sales price. *Temporary adjustments to the eligibility requirements will expire on 06/30/2026 unless further extended by MOHCD. For details on the temporary adjustments, go to DAHLIA website and view program announcement.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.5 | 50% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 753 | 1,285.5 | 25% |
| Lot Size | 3,635 | 6,388.345 | 29% |
| Price | $329.0K | $870.2K | 8% |
| Price per sq ft | $437 | $840 | 8% |
| Built year | 1983 | 2001 | 25% |
| HOA | $716 | $708 | 50% |
| Days on market | 235 | 226 | 58% |
Oct 14, 2025
$329,035
Initial Listing
Jan 21, 2015
$210,000
Public Record
May 16, 1997
$119,000
Public Record