$500K & Under: Ten SF Condos Listed For Sale

Believe it or not, you don’t have to be a millionaire to get a piece of San Francisco real estate. Opportunities exist right now to become a homeowner without having a six-figure income, in fact, and without putting down more the standard 20 percent with conventional financing. And, no, we’re not talking about Below Market Rate units.

A market-rate condominium purchased for $500,000 with a 30-year mortgage at 5.11%* interest equates to approximately $3,400 in monthly housing expenses, assuming 1.2% annual property taxes, a $1,500 annual insurance premium and $600 per month HOA dues. While this is a simplified example and there are exceptions, applying these figures to the 43 percent debt-to-income guideline for conforming loans (up to $980,700 in San Francisco in 2022) means a borrower may qualify with an approximate $95,000 gross annual income.

16 market-rate condos sold for one half million dollars or less in Q1 2022, and another dozen or so that fit the bill are currently listed for sale. We’ve selected our ten favorite listings, below, from a variety of neighborhoods including Downtown, Nob Hill, South Beach and South of Market. Opportunity knocks!

*National average rate per Freddie Mac Weekly Primary Mortgage Market Survey, 21 April 2022. 

195 7TH STREET #407 | List Price $375,000

0 Bed, 1 Bath, 298 sqft (Listing Details)

195 7th Street #407 is marketed and listed exclusively by cooperating broker Access Real Estate Services. Listing photos above courtesy of SFAR MLS.

201 HARRISON STREET #122 | List Price $415,000

0 Bed, 1 Bath, 347 sqft (Listing Details)

201 Harrison Street #122 is marketed and listed exclusively by cooperating broker eXp Realty of California, Inc. Listing photos above courtesy of SFAR MLS.

725 PINE STREET #202 | List Price $440,000

0 Bed, 1 Bath, 313 sqft (Listing Details)

725 Pine Street #202 is marketed and listed exclusively by cooperating broker Compass. Listing photos above courtesy of SFAR MLS.

631 O’FARRELL STREET #1801 | List Price $469,000

0 Bed, 1 Bath, 610 sqft (Listing Details)

631 O’Farrell Street #1801 is marketed and listed exclusively by cooperating broker Vanguard Properties. Listing photos above courtesy of SFAR MLS.

1177 CALIFORNIA STREET #303 | List Price $475,000

0 Bed, 1 Bath, 411 sqft (Listing Details)

1177 California Street #303 is marketed and listed exclusively by cooperating broker Sotheby’s International Realty. Listing photos above courtesy of SFAR MLS.

574 NATOMA STREET #401 | List Price $475,000

0 Bed, 1 Bath, 329 sqft (Listing Details)

574 Natoma Street #401 is marketed and listed exclusively by cooperating broker Sequoia Real Estate. Listing photos above courtesy of SFAR MLS.

42 OTIS STREET #407 | List Price $479,000

0 Bed, 1 Bath, TBD sqft (Listing Details)

42 Otis Street #407 is marketed and listed exclusively by cooperating broker Vanguard Properties. Listing photos above courtesy of SFAR MLS.

1075 MARKET STREET #205 | List Price $499,000

0 Bed, 1 Bath, 453 sqft (Listing Details)

1075 Market Street #205 is marketed and listed exclusively by cooperating broker Vanguard Properties. Listing photos above courtesy of SFAR MLS.

901 BUSH STREET #406 | List Price $499,000

0 Bed, 1 Bath, 341 sqft (Listing Details)

901 Bush Street #406 is marketed and listed exclusively by cooperating broker Compass. Listing photos above courtesy of SFAR MLS.

170 KING STREET #904 | List Price $499,000

0 Bed, 1 Bath, 448 sqft (Listing Details)

170 King Street #904 is marketed and listed exclusively by cooperating broker Berkshire Hathaway-Franciscan. Listing photos above courtesy of SFAR MLS.

Interested home buyers can contact us for a private tour of these properties. VULCCA agents know the San Francisco real estate market and leverage exclusive buyer representation to engineer winning offers for our clients. So, go ahead. Drop us a line. You’ll be glad you did > 415.715.9205 / homes@vulcca.com