Property Overview:
74 New Montgomery St, Unit 317 is a condominium unit in San Francisco, CA, built in 1914. It features 2 bedrooms, 2 bathrooms, and 1,089 sq. ft. of living space. The unit includes a parking garage and is currently valued at $598,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 31% (higher than state average of 11.8%).
- Property crime risk: 37.9% (higher than state average of 10.8%).
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Schools:
Nearby schools include Lee (Edwin and Anita) Newcomer, Five Keys Adult School (SF Sheriff’s), and Francisco Middle.- Average SAT score: 874 (below state average of 975).
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Job Market:
- 76.9% white-collar jobs, 23.1% blue-collar jobs.
- Unemployment rate: 3.3% (lower than state average of 4.7%).
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Demographics:
- Community population: 1,437 (23% growth since 2000).
- 24% families with children.
- Largest age group: 25-34 years (36.78%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 46.9°F (January), 66.2°F (July).
- Average rainfall: 23.4 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $90,755.
- Average annual spending: $65,018.
Property Features:
- High ceilings and oversized windows.
- Open kitchen and primary suite with ample closet space.
- Amenities:
- 24-hour front desk agent.
- Bike parking.
- 5,500+ sq. ft. landscaped roof deck with BBQ, lounge, and dining area.
Location Benefits:
- Walkability: Rated 99 Walker’s Paradise.
- Transit: Rated 100 Rider’s Paradise.
- Bikeability: Rated 87 Very Bikeable.
Below Market Rate (BMR) Housing Opportunity:
- Available at 100% Area Median Income (AMI).
- Income limits:
- 2 people: $115,300.
- 3 people: $129,700.
- 4 people: $144,100.
- Eligibility:
- Must be a first-time homebuyer and meet income requirements.
- Subject to resale controls, monitoring, and other restrictions.
- Application Details:
- Listed on DAHLIA, the SF Housing Portal.
- Application deadline: October 27, 2023, 5 PM.
- First-come, first-served availability starting February 1, 2024, at 8:00 AM.