Amazing Opportunity !! Below Market Rate condo( BMR) 2-bedroom, 2-bathroom condo .Built in 2009 with 1,178 square feet of living space. Recent sales in this area for this size and age are between 1,180,000-1,212,000 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 Details
Price:
$722,048
MLS #:
ML81995734
Status:
Active
Beds:
2
Baths:
2
Address:
641 Cedar Street 202
Type:
Condo
Subtype:
Condominium
Neighborhood:
699notdefined
City:
San Carlos
Listed Date:
Feb 27, 2025
State:
CA
Finished Sq Ft:
1,178
ZIP:
94070
Year Built:
2009
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Schools
School District:
Other
Interior
Cooling
Central Air
Heating
Central
Exterior
Association Amenities
Trash, Water
Garage Spaces
1.00
Parking Spots
1.00
Roof
Other
Stories Total
1
Water Source
Public
Financial
Association Fee
639.00
HOA Name
641 Cedar
Map
Community
- Address641 Cedar Street 202 San Carlos CA
- Area699 – Not Defined
- CitySan Carlos
- CountySan Mateo
- Zip Code94070
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641 Cedar Street 202
San Carlos, CA
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