888 7th Street 234, San Francisco, CA 94107, San Francisco, 94107 - 1 bed, 1 bath
888 7th Street 234
San Francisco, CA 94107
Property Price
SUMMARY
Analysis of 888 7th Street 234, San Francisco, CA 94107 is currently available with a list price of $449,577. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
Built in 2007, this property is well within the 10-20 year age range for a 'good' condition rating. The unit is move-in ready with no immediate renovations required. The kitchen features durable granite countertops, wood cabinetry, and a full suite of stainless steel appliances that appear well-maintained. The interior shows quality finishes including hardwood flooring in the main living area and clean carpeting in the bedroom. The bathroom is functional and modern for its age, and the inclusion of an in-unit stacked washer/dryer adds to the overall quality and convenience of the 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 significantly below market value for San Francisco, this unit offers a rare entry point into homeownership for buyers meeting the 100-120% AMI criteria.
- Simplified Acquisition Process
The property is available on a first-come, first-served basis with potential income waivers, bypassing the competitive and uncertain lottery system typical of BMR units.
CONSRISKS & DEFICIENCIES
- Resale Price Controls
As a MOHCD unit, the property is subject to strict resale restrictions that cap future appreciation, limiting the owner's ability to build traditional market equity.
- Restrictive Eligibility
Strict income limits and program requirements narrow the pool of eligible buyers and add complexity to the financing and approval process.
About 888 7th Street 234
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.
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
- $452 / 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 | 535 | 935 | 19% |
| Lot Size | 95,280 | 14,762.48 | 92% |
| Price | $449.6K | $875.0K | 5% |
| Price per sq ft | $840 | $855 | 47% |
| Built year | 2007 | 2001 | 74% |
| HOA | $452 | $798 | 11% |
| Days on market | 583 | 184 | 98% |
Pricing History
Listed for Sale
Aug 1, 2024
$449,577
Initial Listing
Sold
Nov 29, 2017
$329,500
Public Record
Sold
Oct 16, 2008
$270,500
Public Record