333 1st Street, Unit N1506

333 1st Street, Unit N1506
San Francisco, 94105
Estimated price: $312,647
90 - 100% AMI
Available
Available in 2018

Selling Price

$312,647

Neighborhood and Map

South Beach (Map it!)

Number of Bedrooms

0

Number of Bathrooms

1

Square Footage

506 sq. ft.

Year Built

2004

Appliances Included in the Sale of the Unit 

All appliances included aside from refrigerator

Building Amenities

Theatre Room, Swimming Pool, Sauna, BBQ area, Door man/security at entrance.

Parking

1 car garage

Monthly Homeowner Dues

$719.80

What the HOA Dues Cover

Building maintenance and maintenance of all amenities including security staff.

Covenants, Conditions & Restrictions (“CC&R’s”) for the building

A copy of the Covenants, Conditions & Restrictions for this building will be given to the winner of the lottery.

Income Level of Applicants

100% of Maximum Income by Household Size derived from the Unadjusted Area Median Income (AMI) for HUD Metro Fair Market Rent Area (HMFA) that contains San Francisco 2018

Household Size

Maximum Income at 100% of AMI

1

$82,900

2

$94,700

3

$106,500

4

$118,400

5

$127,850

6

$137,350

7

$146,800

(Households must be at least as many people as bedrooms in the unit. Please visit www.sfmohcd.org for larger households.)

 

Other Qualification Notes

Applicants must secure a loan preapproval and a final loan through a MOHCD Participating Lender who have an “X” marked under BMR.

 

All titleholders/borrowers 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 http://homeownershipsf.org/workshops for a schedule of upcoming classes. 

 

Verification of Homebuyer Education Completion or Certificate of Homebuyer Education from a MOHCD approved first-time homebuyer workshop is required.  Verification of Homebuyer Education Completion is valid for 1 year from the date of issuance.

A copy of the mortgage loan pre-approval and homebuyer counseling certificate for every adult household member on loan and title to the BMR unit must be included with the BMR application.

 

Applicants are encouraged to apply for down payment assistance. All MOHCD Participating Lenders should explore down payment and grant 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)

Joe Polyak

Phone

415.595.2647

Email

joe@joepolyak.com

Website

joepolyak.com

How to Obtain an Application

Contact realtor or download from MOHCD website by clicking here.

 

Application deadline

08/16/18, 5pm

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

Sale Office Hours: 9:00-5:00pm

Address to which application should be mailed or delivered

Office: Keller Williams San Francisco

Realtor Name: Joe Polyak

Address: 775 Monterey Blvd

City/State/Zip Code: San Francisco, CA 94127

Attn: BMR Unit 333 1st St. #1506

 

For Delivery, Office Hours are: 9:00am - 5:00pm

Lottery Date, Time and Location

Date: 08/22/18

Time: 11am

Location:  Mayor’s Office of Housing and Community Development

                  1 South Van Ness Avenue, 5th Floor

                  San Francisco, CA 94103

Lottery preferences

All individuals and households may enter the lottery for a BMR unit.

 

However, those households in which one member holds a Certificate of Preference (COP) from the former San Francisco Redevelopment Agency will be given highest preference in the lottery ranking process. More information about the COP Program can be found here: http://sfmohcd.org/certificate-preference.

 

Households in which one member holds a Displaced Tenant Housing Preference (DTHP) Certificate from the Mayor’s Office of Housing and Community Development will be given second highest preference in the lottery ranking process for up to 20% of the units in projects with at least 5 affordable units. DTHP certificate holders will also be included in the live/work preference regardless of their current live/work location. More information about the DTHP Program can be found here: http://sfmohcd.org/displaced-tenant-housing-preference-program-0.

 

Households that submit acceptable documentation that at least one member lives or works in San Francisco will be given the third highest preference in the lottery ranking process.

 

If the number of units available exceeds the number of qualified applicants in the above listed preference, the units will become available to other qualified applicants outside of San Francisco. Applicants in each preference category must meet program requirements in order to complete the sale or rental.

 

For more information about the lottery process and housing preferences, please refer to the MOHCD Housing Preferences and Lottery Procedures Manual.

Open Houses

Sunday, 7/29/18, 2pm-4pm

Wednesday, 8/1/18,  5pm-7pm

Sunday, 8/5/18,  2pm-4pm.

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.

Contact Info

Phone: 
(415) 595-2647
Address: 
Keller Williams San Francisco
775 Monterey Blvd
San Francisco, 94127