M, Home Buyer in 94114

Did this unit really sell for only $232k? Does anyone know if there are more units available near this price?

Asked by M, 94114 Fri Feb 20, 2009

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This question is about this property: http://www.trulia.com/homes/California/San_Francisco/sold/28…

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3
M,

As stated this is probably one of the BMR units sold in that complex. The information on Trulia is aggregated from many sources. Sold information comes from tax records which are gathered by different comapnies and used by Zillow and others to give the public sales information.

In a case like this post it is nothing more than a fact used to attract eyeballs for ads.

If you want to buy a unit at this price you need to work through the Mayor's Office of Housing (MOH). Qualification is based on income levels and there are many condos available for qualified people. Sometimes there are more people on the list than available units so a lottery is used.

A knowledgabel REaltor iin San Francisco can help you in this, although sometimes under some conditions there is no cooperating fee.
0 votes Thank Flag Link Sat Feb 21, 2009
Jed Lane, Real Estate Pro in San Francisco, CA
MVP'08
Contact
Dear M,

Two thirds of the complex at 888 7th Street are below market rate units. Most of the complex has been sold. There are still a few units left. Go to my website and access the MLS or go to http://www.sfarmls.com and do the same and you can see just what is left there and any other units in your price range. Or we can help you....

Good luck,

Sally
0 votes Thank Flag Link Fri Feb 20, 2009
Hi M,

What most likely sold is one unit within the 888 7th street complex. This building is comprised of individual condos and a large percentage of them are below market rate units that you would qualify for only if you make less than a set amount. However, there are some other units in the building that have no income restrictions that are in the mid 300k's (one and junior one bedrooms). Feel free to email me at peter_brunton@yahoo.com if you have any questions.
0 votes Thank Flag Link Fri Feb 20, 2009
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