tomo logo

$395,000

Beds
1
Baths
1.0
sq ft
420

1238 Sutter St Unit 303, San Francisco, CA 94109

1238 Sutter St Unit 303

San Francisco, CA 94109

  • 132 days on market
    • Price drop $24,505↓
1 bedroom Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $100,850; 2 = $115,300; 3 = $129,700, etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application date, 2-27-2024. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 3-19-2024. Fair Housing Opportunity

Details

Property type

Condominium

Est. home value

$413,836

Lot size

4,830.804 sq ft

Price per sq ft

$941

Year built

2018

Monthly HOA fee

$541

Price History

05/08/2024
SFAR

SFAR #424006274

Listed
$395,000
04/09/2024
SFAR

SFAR #424006274

Removed
$395,000
04/03/2024
SFAR

SFAR #424006274

Price change
$395,000
-5.84%

Schools & Community

Neighborhood: 

Van Ness - Civic Center

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

37

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$112,653
Asking price
$395,000
Closing costs (~8% of asking)
-$31,600
Est. remaining loan balance
-$250,747
Cash to seller
$112,653

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Umpqua Bank

Loan start date

December 2020

Original loan amount

$272,000

Est. remaining balance

$250,747

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Michael C Woodson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
SFAR
$430,000
1 bd
|
1 ba
|
500 sq ft
|
Condo

1075 Market St Unit 507, San Francisco, CA 94103

Price drop
SFAR
$388,000
1 bd
|
1 ba
|
545 sq ft
|
Condo

719 Larkin St Unit 502, San Francisco, CA 94109

SFAR
$361,335
1 bd
|
1 ba
|
Condo

1201 Sutter St Unit 202, San Francisco, CA 94109

Status: Active

Tomo last checked: 07/06/2024 at 12:05 PM

Listing updated: 05/08/2024 at 10:10 AM

Listed by: Robert Belli, Compass

MLS: SFAR #424006274

SFAR logo

Recently listed in San Francisco