888 7th Street 231, San Francisco, CA 94107, San Francisco, 94107 - 1 bed, 1 bath
888 7th Street 231
San Francisco, CA 94107
Property Price
SUMMARY
Analysis of 888 7th Street 231, San Francisco, CA 94107 is currently available with a list price of $460,894. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2007, this condominium presents as virtually new. The kitchen features modern white cabinetry, dark granite countertops, a white subway tile backsplash, and a full suite of stainless steel Whirlpool appliances, all in pristine condition. The bathroom mirrors this contemporary style with a matching white vanity, dark granite, and subway tile in the tub/shower combo. Hardwood flooring extends throughout the unit, appearing immaculate and well-maintained. The overall aesthetic is fresh, clean, and meets current quality standards with no visible deferred maintenance or physical depreciation, suggesting either an exceptionally well-preserved original build or a very recent, extensive renovation.
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
This Below Market Rate (BMR) opportunity provides a rare chance for homeownership in San Francisco at a significantly reduced price compared to market value.
- Modern Construction
Built in 2007, the property benefits from contemporary building standards, potentially better energy efficiency, and fewer immediate maintenance concerns.
CONSRISKS & DEFICIENCIES
- Restrictive Eligibility Criteria
The BMR program imposes strict income limits and first-time homebuyer requirements, severely narrowing the potential buyer pool and complicating the purchase process.
- Significant Resale Limitations
The property is subject to resale controls, monitoring, and other restrictions, which can limit future appreciation and the owner's ability to sell freely.
- Compact Unit Size & High HOA
At 545 sqft, the unit offers limited living space, and the $532 monthly association fee is substantial for its size and price point, adding to ongoing costs.
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 due on April 22, 2025 at 5:00 PM. OPEN HOUSE: 4/6/25 @ 2-4pm; 4/10/25@5-7 pm; 4/19/25@1-3 pm. 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
Moscone (George R.) Elementary School
Grades K-5 • 1.2 mi
King (Starr) Elementary School
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 49% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 545 | 935 | 19% |
| Lot Size | 95,280 | 14,762.48 | 92% |
| Price | $460.9K | $875.0K | 7% |
| Price per sq ft | $846 | $855 | 48% |
| Built year | 2007 | 2001 | 74% |
| HOA | $532 | $798 | 14% |
| Days on market | 419 | 184 | 97% |
Pricing History
Listed for Sale
Jan 12, 2025
$460,894
Initial Listing
Sold
Aug 3, 2018
$356,500
Public Record