888 7th Street #231, San Francisco, CA 94107, San Francisco, 94107 - 1 bed, 1 bath
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888 7th Street #231
San Francisco, CA 94107
ACTIVE
CONDITION: GOOD
1Beds
1Baths
545Sq Ft
95,280Lot Size
Property Price
LIST PRICE$460,894
EST. MARKET VALUE
$460,894
SUMMARY
This Below Market Rate (BMR) Condominium represents a Strong Value Opportunity, listed at $460,894—positioned well below the $460,894 Fair Market Value. Built in 2007, the unit maintains a Condition Rating of 3, offering a move-in ready space with panoramic skyline and Bay Bridge views. Located in the 94107 zip code, residents benefit from proximity to top-rated schools like the Chinese Immersion School at Deavila. This property is an ideal acquisition for income-eligible buyers or first-time buyers seeking a stable, modern urban residence.
Estimated Market Value
$460,894
Based on Realkey algorithm analyzing recent comparable sales in San Francisco.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 888 7th Street #231 Subject 1 bd · 1 ba · 545 sqft · $846 | $460,894* List Price | 1 | 1 | 545 | $846 | - |
A 250 King Street 1004 Sold 1 bd · 1 ba · 587 sqft · $850 · 0.7 mi | $499,000 | 1 | 1 | 587 | $850 | 0.7 mi |
B 821 Folsom Street 419 Sold 1 bd · 1 ba · 649 sqft · $906 · 0.8 mi | $588,000 | 1 | 1 | 649 | $906 | 0.8 mi |
C 555 4th Street 104 Sold 0 bd · 1 ba · 475 sqft · $1,011 · 0.7 mi | $480,000 | 0 | 1 | 475 | $1,011 | 0.7 mi |
D 875 Vermont Street 204 Sold 1 bd · 1 ba · 646 sqft · $927 · 0.8 mi | $599,000 | 1 | 1 | 646 | $927 | 0.8 mi |
E 870 Harrison Street 302 Sold 1 bd · 1 ba · 615 sqft · $911 · 0.6 mi | $560,000 | 1 | 1 | 615 | $911 | 0.6 mi |
F 888 7th Street 234 Active 1 bd · 1 ba · 535 sqft · $840 · 0.0 mi | $449,577 List Price | 1 | 1 | 535 | $840 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2007 (18 years old), the property is well-maintained and move-in ready. The kitchen features functional stainless steel appliances and white cabinetry, while the bathroom is clean with stone countertops, fitting the criteria for a 10-20 year old functional home.
PROSSTRENGTHS & OPPORTUNITIES
- 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
Priced at $460,894, this unit offers a rare entry point into the San Francisco real estate market for first-time buyers, significantly below the city's median price for a one-bedroom condo.
- Modern Construction
Built in 2007, the property benefits from contemporary building standards and seismic codes compared to older San Francisco housing stock, likely resulting in lower immediate maintenance needs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =95280, other record lot size in square feet = 125369.
- Strict Eligibility & Resale Controls
As a Below Market Rate (BMR) unit, ownership is restricted to income-eligible first-time buyers, and future appreciation is capped by MOHCD resale price controls.
- Limited Square Footage
At 545 square feet, the living space is quite compact for a one-bedroom unit, which may feel restrictive for buyers seeking more room for storage or a home office.
About 888 7th Street #231
1 Bedroom 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, April 1, 2025. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification. First come first serve basis. Fair Housing Opportunity.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2007
- Lot Size
- 95,280 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $532 / Month
Neighborhood Insights
San Francisco Unified Schools
Daniel Webster Elementary School
Grades K-5 • 0.7 mi
5/10
Moscone (George R.) Elementary School
Grades K-5 • 1.2 mi
5/10
King (Starr) Elementary School
Grades K-5 • 1.2 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 545 | 1,111.771 |
| Lot Size | 95,280 | 9,271.706 |
| Price | $460.9K | $1.25M |
| Price per sq ft | $846 | $1.1K |
| Built year | 2007 | 1989 |
| HOA | $532 | $804 |
| Days on market | 650 | 67 |
Pricing History
Listed for Sale
Jan 12, 2025
$460,894
Initial Listing
Sold
Aug 3, 2018
$356,500
Public Record