Amazing Opportunity !! Below Market Rate condo( BMR) 2-bedroom, 2-bathroom condo .Built in 2009 with 1, 178 square feet of living space. The kitchen is a standout feature, equipped with modern appliances and ample cabinetry.The dining area is integrated within the living room, creating an open and cohesive space for entertaining. Amenities include central air conditioning, inside laundry , beautiful flooring throughout, large balcony, 1 secure parking spot and storage options. Walking distance to shops, restaurants and is within the top San Carlos Elementary School District PROPERTY IS DESIGNATED AS A BELOW MARKET RATE PROPERTY THRU THE CITY OF SAN CARLOS. Moderate-Income Household (HH) Limits HH of 1 person up to $156, 750 HH of 2: $179, 100 HH of 3: $201, 500 HH of 4: $223, 900 Maximum asset limit of $350, 000 (not inclusive of retirement funds), with a tiered approach to treating assets as a percentage of income: Household Assets of $60, 000 to $200, 000 will reflect 10% of those assets as household income. Household Assets of $200, 000 to $350, 000 will reflect 15% of those assets as household income. The purchaser of these BMR units must occupy them.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Appliances
Heating and Cooling
- Cooling Features: Central AC
- Heating Features: Central Forced Air Heating
Kitchen and Dining
- Dining Room Description: Dining Area in Living Room
Garage and Parking
- Garage Spaces: 1
- Parking Features: Assigned Spaces, Attached Garage
Land Info
- Lot Size Source: Assessor
Homeowners Association
- Association: Yes
- Association Fee: 639
- Association Fee Includes: Garbage, Landscaping / Gardening, Water
- Calculated Total Monthly Association Fees: 639
- Association Name: 641 Cedar
School Information
- High School District: Sequoia Union High
Other Property Info
- Source Listing Status: Active
- County: San Mateo
- Cross Street: San Carlos Ave.
- Restrictions: Below Market Rate Unit
- Source Property Type: Residential
- Area: Howard Park Etc.
- Property Subtype: condo
- Source Neighborhood: Howard Park Etc.
- Ownership Type: Common Interest Development
- Parcel Number: 114-550-070
- Postal City: San Carlos
- Zoning: condo
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1178
- Year Built: 2009
- Property Age: 16
- Levels or Stories: 1
- Total Area Sqft: 1178
- Year Built Source: Assessor
Utilities
- Sewer: Sewer Connected
- Public Utilities
- Water Source: Public