501 Beale Street, Unit 14F

501 Beale Street Unit 14F
San Francisco, CA, 94105
Units: 1
Estimated price: $346,632
90 - 100% AMI
Available
Available in 2018

Selling Price

$346,632

Neighborhood and Map

South Beach (Map it)

Number of Bedrooms

2

Number of Bathrooms

1

Square Footage

852

Year Built

2006

Appliances Included in the Sale of the Unit 

N/A

Building Amenities

Concierge, Heated Outdoor Pool, Hot Tub, Fitness Center, Balcony BBQ

Parking

NONE

Monthly Homeowner Dues

$987.04

What the HOA Dues Cover

Water, trash, common area

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

http://instantdoc.titleedge.com/edge/includes/getdocument/new_instantDocPDF.cfm?41E2B1307EB1548659B342513F87B256

Income Level of Applicants

 

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

 

90% 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

 

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)

Jack Liu

Real Estate Broker

Phone

408-838-3500

Email

Mr.SOLD@gmail.com

Website

www.Jack.Realtor

How to Obtain an Application

Contact realtor or download from MOHCD website by clicking here.

 

Application deadline

 

 

 

 

 

07/16/2018, 5pm

 

Note: Applications must be received in the sales office by 5pm on the day of the application deadline.  Applications can be dropped off with the Front Desk at 501 Beale Street.  Please call, email, or text Realtor to confirm drop off times..

Address to which application should be mailed or delivered

Office: 501 Beale Street Front Desk

Realtor Name:  JACK LIU – Star Realty

Address: 501 Beale Street.

City/State/Zip Code: San Francisco, CA 94105

Attn: Front Desk - BMR Unit(s)

 

 

Lottery Date, Time and Location

Date: 07/20/2018

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

06/22/18  6:00-7:30 pm

06/23/18  10:00-11:30 am

06/24/18  10:00-11:30 am

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: 
(408) 838-3500
Address: 
501 Beale Street Front Desk
501 Beale Street.
San Francisco, CA, 94105

Neighborhood