Posting Date

** Updated 06/10/2022, the lottery list has been exhausted.  The application period began on December 13, 2021 at 8:00 AM PST and remains open as first come, first served. **

Original Posting Date on DAHLIA: October 15, 2021

Initial First Come First Served Posting Date: 12/06/2021

Program

Limited Equity Homeownership Program

Type of Unit

Condominium

Building Name

Bay Oaks

Unit Address (including city/state/zip code)

4800 3^rd St # 204

San Francisco, CA 94124

Maximum Asking Price

$359,000

Neighborhood

Bayview Hunters Point

Supervisory District

10

Number of Bedrooms

1

Number of Bathrooms

1

Square Footage

621

Floor Number

2^nd

Year Built

2009

Appliances Included in the Sale of the Unit  

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

Building Amenities

Courtyard

Parking Space Count

No Parking Space.  Leased parking may be available based on a waiting list.

Smoking Policy

No smoking in common areas.  Please see the CC&R 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

$414

What the HOA Dues Cover

Water, garbage, outside management, exterior building maintenance

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

To review the Covenants, Conditions & Restrictions for this building, please click here.

Income Level of Applicants

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

120% 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

(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)

Robert Belli

License# 01913570

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

Compass

2099 Market St

San Francisco CA 94114

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.

Phone

(415) 317-8540

Email

rob.belli@compass.com

Applications:

First Come, First Served

How to Submit a First Come, First Served Application

Submit a complete electronic application package via this ShareFile secure link, 4800 3^rd St Unit 204.

Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “4800 3^rd St Unit 204 – 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.  The application period began on December 13, 2021 at 8:00 AM PST and remains open as first come first served. **

To view the Dahlia listing, click here.

The Lottery for this listing was cancelled due to insufficient applications received.

Open Houses

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

Virtual Tour

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

Important Program Rules

All potential buyers must review the 2018 Inclusionary Affordable Housing Program Monitoring and Procedures Manual and Limited Equity Program Loan Disclosure Information 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 2018 Inclusionary Affordable Housing Program Monitoring and Procedures Manual and Limited Equity Program Loan Disclosure Information for specific information.