City Second - 721 Frederick St.

Posting Date

4/4/19

Type of Unit

City Second Loan Program

Market Rate Program with No Price Resale Restrictions

Development Name

Parkview Commons

Address

 

721 Frederick Street, SF CA 94117

# Bedroom

 

1

# Bathroom

 

1

Square footage

590

Maximum Income Level of Applicants

120% of Area Median Income

1 Person -$99,500

2 Person-$113,650

3 Person-$127,850

4 Person-$142,100

5 Person-$153,400

6 Person-$164,800

Asking Price

N/A

Offer Price

(City Second borrower must be able to match the offer price)

$848,000

Application Period

Closed 

Date Right of First Refusal Starts

Thursday, 4/4/19

Date Right of First Refusal Ends

Monday, 5/20/19

Maximum City Second Downpayment Assistance Loan Amount

Up to $375,000 available for City Second Units based on funding availability.

 

2018 DALP pre-approved homebuyers can utilize their DALP assistance for the purchase of this property and are welcomed to submit an offer.   All program eligibility requirements must be met.

Minimum Downpayment Required Based on Offer Price

$42,400

Parking

Yes

Monthly Homeowner Dues

$343.06

Contact Person:

Jeff Salgado

Phone:

 

415-915-9916

Email:

jeff@jeffsalgado.com

MSL Link:

View Listings

Open House: 

Saturday, 4/6/19 - 10:00am-12:00pm

Special Remark:

 

City Second Loan is available for qualified buyers on a first come, first serve basis. 

 

The Property is subject to the City’s Grant of Right of First Refusal Agreement. New and all subsequent buyers will enter into a Grant of Right of First Refusal with the City.  For more information please visit our websitehttp://sfmohcd.org/city-second-loan-program