1740 Bancroft Ave #4507
This is an income-restricted (BMR) resale. Its price is set by an income formula, not by the market, so the gap against normal comps is not equity you own — it is a restriction you inherit, with income limits to qualify and a formula price when you sell. Scoring it against market comps would flatter it enormously, so we don't score it at all.
💵What this unit actually costs per month
30% of that payment is not the mortgage. The HOA fee alone is $34,320 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,361.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($25,000). Common for small associations and not a defect on its own, but it does remove FHA buyers from your resale pool.
Minimum realistic down payment here: 5% · verify on HUD's lookup
Rate is the Freddie Mac PMMS 30-year average for the week of 2026-10-08 — a national survey figure, not a quote. Tax, insurance and closing costs are estimates; your own Loan Estimate is the real number.
This building's HOA fees
We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($728 in 2026), not enough for a trend yet. The listing shows $572/mo today. Upload its HOA docs and we'll build the full reserve & special-assessment report — free.
🏢 Get this building's free HOA report →✅ Positives
- 45% below model fair value
- Upper floor (fl 45)
- In-unit W/D
- Garage parking
⚠️ Cons
- HOA $572/mo
🚩 Red flags
- Income-restricted (BMR) resale — price set by an income formula, not the market; buyer income limits apply and the gap vs comps is not equity
Photos
Price history (this unit)
- Aug 31, 2026 — Listed $500,000
Description
Welcome home to this bright, top-floor two-story condominium in Bayview! This well-designed residence offers a spacious living room with private balcony, an eat-in kitchen with abundant cabinet space, two generously sized bedrooms, 1.5 bathrooms, and in-unit laundry. Enjoy access to community amenities including a fitness center, landscaped courtyard, and playground. Optional leased garage parking ($50/month) and private storage ($30/month) are also available. Conveniently located near the T Third Street Muni line, offering direct service to Chase Center, Oracle Park, SoMa, Union Square, and Chinatown, with easy access to Third Street and nearby neighborhood amenities. 2 bedroom 1.5…