BMR Resale - 4800 3rd Street Unit 303
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Posting Date |
** Updated 12/11/2020, the lottery list has been exhausted. Applications are being accepted on a first come, first served basis starting December 18, 2020 at 8:00 AM PST. **
Initial Posting Date on Dahlia: August 4, 2020 |
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Program |
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Type of Unit |
Condominium |
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Building Name |
Bay Oaks |
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Unit Address (including city/state/zip code) |
4800 3rd Street, Unit 303, San Francisco, CA 94124
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Maximum Asking Price |
$286,622 |
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Neighborhood |
Bayview Hunters Point |
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Supervisory District |
10 |
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Number of Bedrooms |
1 |
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Number of Bathrooms |
1 |
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Square Footage |
631 |
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Floor Number |
3 |
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Year Built |
2009 |
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Appliances Included in the Sale of the Unit |
Stove, Refrigerator, Microwave, Dishwasher, Washer and Dryer |
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Building Amenities |
Interior Courtyard |
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Parking Space Count |
No Parking Space |
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Smoking Policy |
No smoking in common areas. Please see the CC&R for the complete smoking policy. |
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Pet Policy |
No more than one dog, and two birds or cats may be kept. Please see the CC&R for the complete pet policy. |
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Monthly HOA Dues |
$394 |
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What the HOA Dues Cover |
Water, Garbage, and Grounds Maintenance |
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Covenants, Conditions & Restrictions (“CC&R’s”) for the building |
To review the Covenants, Conditions & Restrictions for this building, please click here. |
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Income Level of Applicants |
Applicants must make no more than the following amounts per household:
84% 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 2020
(Households must be at least as many people as bedrooms in the unit. Please visit www.sfmohcd.org for larger households.) |
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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 HomeOwnershipsSF 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. |
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Contact Person (Realtor/Sales Agent) |
Robert Belli License #01913570 |
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Company Name and Address (including city/state/zip code) |
Home Quest Realty 5517 Geary Blvd., Suite 206 San Francisco, CA 94121 |
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Office Hours (including any special message) |
Monday to Friday, 10:00 AM to 5:00 PM Please call, email, or text to schedule an appointment. |
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Phone |
415-317-8540 |
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Website |
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How to Obtain an Application |
Contact realtor or download from MOHCD website by clicking here |
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Applications – First Come, First Served |
Lottery List has been exhausted. Applications are being accepted on a first come, first served basis starting December 18, 2020 at 8:00 AM PST. Any applications submitted prior to 8:00 AM PST, December 18, 2020 will be automatically deleted. |
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How to Submit a First Come, First Served Application |
Submit a complete electronic application package via this ShareFile secure link, 4800 3rd Street #303.
Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “4800 3rd St # 303 – 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. |
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Lottery Date, Time and Location |
** This lottery list has been exhausted. Applications are being accepted on a first come, first served basis starting 12/18/2020 at 8:00 AM PST** To view the lottery results, click here. To view the Dahlia listing, click here. |
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Virtual Tour |
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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. |
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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. |