305-315 Santa Rosa Avenue, Unit 5

305-315 Santa Rosa Avenue
San Francisco, 94112
Units: 1
Estimated price: $532,196
90 - 100% AMI
Available
Available in 2017

Posting Date

4/24//2017

Program

Below Market Rate Inclusionary Housing Program

(Click here for program information)

Type of Unit

Condominium Unit

Unit Address (including city/state/zip code)

305-315 Santa Rosa Avenue, Unit 5

San Francisco CA 94112

Selling Price

$532,196

Neighborhood and Map

Mission Terrace (Map it!)

Number of Bedrooms

3

Number of Bathrooms

2

Square Footage

1521

Year Built

2003

Appliances Included in the Sale of the Unit  

Stove, refrigerator

Building Amenities

Roof deck

Parking

1

Monthly Homeowner Dues

$518.00

What the HOA Dues Cover

Water, garbage for the individual unit. Common area and exterior maintenance for the project.

Income Level of Applicants

Applicants must make no more than the following amounts per household:

 

100% of Unadjusted Area Median Income (AMI) for HUD Metro Fair Market Rent Area (HMFA) that contains San Francisco 2016

A three person household can make no more than $96,950

A four person household can make no more than $107,700

A five person household can make no more than $116,300

A six person household can make no more than $124,950

A seven person household can make no more than $133,550

(Please visit http://sf-moh.org/index.aspx?page=22 for larger households.)

 

Other Qualification Notes

Applicants must secure a loan preapproval and a final loan through a MOHCD Participating Lender

 

All titleholders must complete a first-time homebuyer workshop through one of the City’s 5 approved first-time homebuyer counseling agencies in order to apply.

 

Please visit homeownershipsf.org for a schedule of upcoming classes.  Certificate is valid for 2 years from the date of issuance for all MOHCD first-time homebuyer programs except in the case of buyers receiving down payment assistance from the City, whose certificates must not be older than 6 months from the time of closing on the unit.

 

Applicants are encouraged to apply for downpayment assistance through the following programs.

 

 

  • BMR-DALP-Plus for qualified households earning 81% AMI - 100% AMI.  (Lenders please use standard DALP program application and submit with fee).  (Can be combined with BMR-DALP-Plus).

 

 

 

 

  • Federal Home Loan Bank’s WISH program provides up to $15K in matching funds for down payment assistance.  Please ask your mortgage lender

 

All MOHCD Participating Lenders should explore these options with BMR buyers.

Households must be as many people (or more) as number of bedrooms in the unit to apply.

See other qualification rules in the City and County of San Francisco Inclusionary Affordable Housing Program Monitoring and Procedures Manual 2013.

Contact Person (Realtor/Sales Agent)

Suzy Truax eXp Realty of California, Inc.

Phone

415-691-7899

Email

suzyt@exprealty.com

Website

www.BayAreaLuxeLiving.com

How to Obtain an Application

Contact realtor or download from MOHCD website by clicking here.

 

Application deadline

May 15, 2017, 5pm

Note: Applications must be received in the sales office by 5pm on the day of the application deadline.

Address to which application should be delivered

Office: eXp Realty

Realtor Name: Suzy Truax

Address: 350 Rhode Island St Suite 240

City/State/Zip Code: San Francisco CA 94103

Attn: BMR Unit(s)

Lottery Date, Time and Location

Date: May 22, 2017

Time: 2pm

Location:

Mayor’s Office of Housing and Community Development

1 South Van Ness Avenue, 5th Floor

SF, CA 94103

Open Houses

4/30 2-4pm, 5/7 2-4pm, 5/11 7-8pm

Special Note(s)

View this unit on the public Multiple Listing Service and on Craig’s List.

Procedures Manual

All potential buyers must review the Inclusionary Housing Procedures Manual that governs this property. 

Re-pricing Mechanism

A BMR unit will be resold at a restricted price to a household that meets the first‐time homebuyer and income qualifications for the program.  Upon resale, the unit will be repriced based on the change in median income over time. Please review Guidelines for Re-pricing BMR Units for specific information.

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Contact Info

Phone: 
(415) 691-7899
Address: 
eXp Realty - Suzy Truax
350 Rhode Island St, Suite 240
San Francisco, CA, 94103

Neighborhood

The Mission District.