BMR Resale - 4800 3rd Street Unit 202

Posting Date

** Updated 12/23/21, Listing has been cancelled.  This BMR unit is no longer available. **

 

Original DAHLIA Posting Date: March 26, 2021

Program

Limited Equity Homeownership Program

Type of Unit

Condominium

Building Name

4800 3rd

Unit Address (including city/state/zip code)

4800 3rd Street Unit 202

San Francisco, CA, 94124

Maximum Asking Price

$286,781

Neighborhood

Bayview Hunters Point

Supervisory District

10

Number of Bedrooms

1

Number of Bathrooms

1

Square Footage

580

Floor Number

2

Year Built

2009

Appliances Included in the Sale of the Unit 

Refrigerator, Oven/Stove, Washer, Dryer, Dishwasher, Microwave

 

Building Amenities

Garden/Interior Courtyard

Parking Space Count

No Parking Space

Smoking Policy

No smoking in common areas. Please see CC&R's for the complete smoking policy.

Pet Policy

No more than one dog, and two birds or cats may be kept. Please see CC&R's for the complete pet policy.

Monthly HOA Dues

$364

What the HOA Dues Cover

Management Fee, Maintenance - Exterior, Water

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

Please click on this link to view the CC&R’s.

Income Level of Applicants

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

 

85% 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 2021

Household Size

Maximum Income at 85% of AMI

1

$79,250

2

$90,550

3

$101,900

4

$113,200

5

$122,250

6

$131,350

7

$140,400

(Households must be at least as many people as bedrooms in the unit. Please visit https://sfmohcd.org/ami-levels-homeownership for larger households.)

Other Qualification Notes

All titleholders/borrowers must complete first-time homebuyer education through one of the City’s 5 approved first-time homebuyer counseling agencies and obtain a Verification of Homebuyer Education Completion form in order to apply. Please visit https://homeownershipsf.org/homebuyers for a schedule of upcoming program orientations and workshops. 

 

All titleholders/borrowers must obtain a loan pre-approval from one of the approved participating lenders listed at https://sfmohcd.org/lender-list to apply.

 

A copy of the First Mortgage Pre-Approval and Verification of Homebuyer Education must be included with the BMR Lottery Application.

 

Applicants with financial needs are encouraged to apply for down payment assistance. All MOHCD-Approved 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. 

Contact Person  (Realtor/Sales Agent)

Adam Chinn

DRE# 01844760

Company Name and Address (including city/state/zip code)

Keller Williams Realty

775 Monterey Blvd

San Francisco, CA 94127

Office Hours (including any special message)

Monday to Friday

10:00 am to 5:00 pm

Please call or emailed to schedule an appointment

Phone

(650) 758-6440

Email

adamchinn1222@gmail.com

Website

www.AdamChinn.com 

How to Obtain an Application

Contact realtor or download from MOHCD website by clicking here

Applications – First Come, First Served

Lottery List has been exhausted. Applications are being accepted on a first come, first served basis starting June 30, 2021 at 8:00 AM PT.  Any applications submitted prior to 8:00 AM PST, June 30, 2021 will be automatically deleted.

 

How to Submit a First Come, First Served Application

Submit a complete electronic application package via this ShareFile secure link, 4800 3rd St Unit 202.

 

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “4800 3rd #202 – Last Name, First Name” (Example, 123 Sample Street Unit A – Smith, John).

 

Changes to the application process due to COVID‐19. We are not accepting paper applications for now. If you need help to submit an application electronically, you can contact a housing counselor.  For a list of housing counselors, click here.

Lottery Date, Time and Location

** This lottery list has been exhausted.  Applications are being accepted on a first come, first served basis starting 06/30/2021 at 8:00 AM PT**

To view the lottery results, click here.

To view the Dahlia listing, click here.

Open Houses

Individual showings may be available by appointment only.  Please contact the listing agent, Adam Chinn, for assistance.

Virtual Tour

To view the virtual tour, please click on this link.

Important Program Rules

All potential buyers must review the Limited Equity Loan Disclosure Book and 2018 Inclusionary Affordable Housing Program Monitoring and Procedures Manual that govern this property. Buyers will sign an acknowledgement that they have read and understood this document when purchasing a BMR unit.

Resale Price Restrictions

When you sell a BMR unit, it will be resold at a restricted price that is affordable to the next qualified household. The household you sell to must meet the first‐time homebuyer, income and other qualifications for the program. Please review the Limited Equity Loan Disclosure Book and 2018 Inclusionary Affordable Housing Program Monitoring and Procedures Manual for specific information.