BMR Resale - 5900 3rd Street Unit 2412
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Posting Date |
** Updated 09/16/2021, the lottery list has been exhausted. Applications are being accepted on a first come, first served basis starting on September 23, 2021 at 8:00 AM PDT. Any applications uploaded before 8:00 AM PDT on 9/23/2021 will be automatically deleted. **
Original Posting Date on DAHLIA: May 27, 2021 |
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Program |
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Type of Unit |
Condominium |
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Building Name |
5800 Third |
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Unit Address (including city/state/zip code) |
5900 Third Street Unit 2412 San Francisco, CA 94124 |
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Maximum Asking Price |
$364,510 |
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Affordable Price |
The affordable price is $321,122 for this BMR unit. The affordable price is based on what a household earning at 90% of Area Median Income can afford according to certain pricing assumptions.
Applicants can make an offer between the maximum sales price and the affordable price. The seller is free to accept or reject the price offered by the buyer. Some sellers may not negotiate at all.
We recommend that the buyer work with their own separate real estate agent for the price negotiations.
If you pay more than the affordable price, you will not be eligible for the BMR DALP program. If you pay more than the affordable price now, you might not be able to sell for more than the affordable price as calculated when you sell. |
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Neighborhood |
Bayview |
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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 |
816 |
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Floor Number |
4 |
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Year Built |
2010 |
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Appliances Included in the Sale of the Unit |
Range, Microwave/hood, Refrigerator, Dishwasher and Garbage Disposal
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Building Amenities |
Courtyard gardens, dog wash station, and BBQ area. |
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Parking Space Count |
One (1) Parking Space |
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Smoking Policy |
No Smoking. Please see the CC&R for the complete smoking policy. |
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Pet Policy |
Dogs, Cats or other household pets permitted. Please see the CC&R for the complete pet policy. |
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Monthly HOA Dues |
$431 |
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What the HOA Dues Cover |
Management, common area maintenance, water and garbage. |
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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:
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 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 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. |
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Contact Person (Realtor/Sales Agent) |
Gina Tse-Louie License #01168092 |
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Company Name and Address (including city/state/zip code) |
Real Estate Revolution 645 Taraval Street San Francisco, CA 94116 |
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Office Hours (including any special message) |
Monday-Friday 10am-5pm. Weekends, early mornings and evenings by appointment only. Please call, email, or text to schedule an appointment. |
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Phone |
Office 415-742-5100 Cell Phone 415-271-2178 |
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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 September 23, 2021 at 8:00 AM PDT. Any applications submitted prior to 8:00 AM PDT, September 23, 2021 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, 5900 3rd Street Unit 2412
Instructions: Compile the application form and all required documents into one PDF file, and name the PDF file “5900 3rd #2412 – 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 on September 23, 2021 at 8:00 AM PDT. Any applications submitted prior to 8:00 AM PDT on September 23, 2021 will be automatically deleted. **
To view the lottery results, click here. To view the Dahlia listing, click here. |
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Open Houses |
Individual viewings may be available by appointment only. Please contact the listing agent, Gina Tse-Louie For assistance. |
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Virtual Tour |
To view the virtual tour, please click on this link. |
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Important Program Rules |
All potential buyers must review the 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 2018 Inclusionary Affordable Housing Program Monitoring and Procedures Manual for specific information. |