888 7th Street 234, San Francisco, CA 94107, San Francisco, 94107 - 1 bed, 1 bath
ACTIVE$449,577
888 7th Street 234, San Francisco, CA 94107
1Bed
1Bath
535Sqft
95,280Lot
Year Built
2007
Close
-
List price
$450K
Original List price
-
Price/Sqft
$840
HOA
$452
Days on market
-
Sold On
-
MLS number
424070431
Home ConditionGood
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $449.6K(16th), sqft - 535(16th), beds - 1(49th), baths - 1(38th).
First Come First Serve No Lottery! Temporary SFMOHCD Waviers may apply to the following (one of which is a possible increase to 120% AMI) bedroom Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $104,900; 2 = $119,900; 3 = $134,850; 4 = $149,850; 5 = $161,850 etc. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit is listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) Visit https://housing.sfgov.org for application & program info. Fair Housing Opportunity.
Nearby schools
5/10
Daniel Webster Elementary School
Public,•K-5•0.7mi
5/10
Moscone (George R.) Elementary School
Public,•K-5•1.2mi
6/10
King (Starr) Elementary School
Public,•K-5•1.2mi
4/10
Bryant Elementary School
Public,•K-5•1.3mi
/10
Chinese Education Center
Public,•K-5•1.7mi
6/10
San Francisco Public Montessori School
Public,•K-5•2.3mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•2.4mi
2/10
Fairmount Elementary School
Public,•K-5•2.5mi
1/10
Mission Education Center
Public,•K-5•2.5mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•0.5mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•1.5mi
4/10
Everett Middle School
Public,•6-8•1.6mi
3/10
Lick (James) Middle School
Public,•6-8•2.2mi
2/10
Revere (Paul) Elementary School
Public,•K-8•2.4mi
6/10
Rooftop Elementary School
Public,•K-8•2.6mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•3.2mi
3/10
San Francisco Community Alternative School
Public,•K-8•3.5mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•3.8mi
7/10
Hoover (Herbert) Middle School
Public,•6-8•4.2mi
6/10
Aptos Middle School
Public,•6-8•4.5mi
9/10
Lawton Alternative Elementary School
Public,•K-8•4.9mi
1/10
Downtown High School
Public,•9-12•0.7mi
3/10
O'connell (John) High School
Public,•9-12•1.1mi
2/10
S.F. International High School
Public,•9-12•1.1mi
3/10
Mission High School
Public,•9-12•1.6mi
2/10
Wells (Ida B.) High School
Public,•9-12•1.9mi
2/10
Marshall (Thurgood) High School
Public,•9-12•2.4mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•2.5mi
8/10
Galileo High School
Public,•9-12•2.6mi
6/10
Academy Of Arts And Sciences
Public,•9-12•3.2mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•3.2mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•3.4mi
2/10
Jordan (June) School For Equity
Public,•9-12•3.7mi
7/10
Balboa High School
Public,•9-12•4.0mi
7/10
Lincoln (Abraham) High School
Public,•9-12•4.7mi
7/10
Washington (George) High School
Public,•9-12•5.0mi
10/10
Lowell High School
Public,•9-12•5.3mi
Price History
Date
Event
Price
08/01/24
Price Change
$449,577
11/29/17
Sold
$329,500
10/16/08
Sold
$270,500
Condition Rating
Good
Built in 2007, this property is 17 years old, aligning with the 'Good' condition criteria. The visible areas, including the living spaces and bedroom, feature well-maintained dark hardwood floors, fresh light-colored walls, and modern windows, indicating minimal wear and tear. The bathroom, while not luxurious, is clean, functional, and contemporary with a modern vanity, toilet, and light fixture. Although kitchen images are not provided, the overall modern aesthetic and the property's age suggest it is move-in ready with functional systems and no immediate renovations required.
Pros & Cons
Pros
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).
Below Market Rate (BMR) Opportunity: Offers a rare chance to purchase property in San Francisco at a significantly reduced price point compared to conventional market values.
Streamlined Application Process: The 'First Come First Serve' approach eliminates the lottery system, simplifying and expediting the purchase for eligible buyers.
Modern Building Construction: Built in 2007, the property benefits from contemporary construction standards and potentially modern amenities, reducing immediate maintenance concerns.
Prime Urban Location: Situated in San Francisco (94107), providing access to a vibrant urban environment, employment centers, and cultural attractions.
Government-Backed Program: Managed by the Mayor's Office of Housing and Community Development (MOHCD), ensuring a regulated and transparent purchasing process.
Cons
Restrictive Eligibility Criteria: Strict income limits and other eligibility requirements significantly narrow the pool of potential buyers.
Resale and Ownership Restrictions: The property is subject to resale controls, monitoring, and other long-term restrictions that can limit future appreciation and owner flexibility.
High Monthly Association Fee: A $452 monthly association fee is substantial for a 535 sqft unit, adding a significant ongoing cost to ownership.