BELOW MARKET RATE CONDOS
IN SAN LUIS OBISPO, CALIFORNIA
BMR CONDOS FOR PURCHASE - 2 Bedroom / 2 Bath for $474,775
Welcome to
The 9 @ Righetti
We present a collection of homes being sold at Below Market Rate to Moderate Income Households, as a part of the City’s Affordable Housing Program.
Homes will be sold to those qualifying as moderate income households. Buyers must be able to qualify for the City Program along with a Home Loan in order to purchase.
Clean, Modern Style in Mind
The Nine @ Righetti is located in the heart of San Luis Obispo and just minutes from shopping, entertainment, dining and countless outdoor activities!
Our homes will offer two floorplans, each 2-Bedroom, 2 Bath and ranging in size from 979 sqft – 1,139 sq ft. These single-level condominiums offer open floorplans with ensuite primary bathrooms and patios in each home.
The finishes in the home include "Wood Look Flooring" throughout the main living areas, bathrooms and laundry room and lush carpet in all bedrooms. The kitchen offers ample cabinet space with under cabinet lighting, stainless-steel appliances, and modern quartz countertop.
Enjoy the spacious primary bedroom with an elegant bathroom ensuite featuring a spacious shower and walk-in-closet. Additional appointed features in the home include air conditioning and solar panels.
All Include Outdoor Living Space - Patio or Balcony
Interior Laundry
Primary Suites
Ceiling Fan with lighting in Bedrooms + Family Room
Pendant Lighting on Island
Solar Lease (~2.75 kW)
4 Burner Range
Dishwasher
Microwave
First Floor = ADA Adaptable
QUALIFICATIONS
This is a deed restricted below market rate home for moderate income households.
Purchaser must meet the 2024 Annual Income Requirements set forth by the City of
San Luis Obispo. Purchase Contract will be subject to final approval by the City of
San Luis Obispo and any third party that will assist in the purchase process.
Please visit San Luis Obispo’s Affordable Housing Website here.
PURCHASE PROCESS
OWNERSHIP EXPENSES
Purchase Contract Deposit: TBD
Property Tax: $435/month
HOA Dues: $429.72/month
Below are payment scenarios for 3%, 5%, 10% and 20% down. These scenarios assume
FTHB, zero point rate of 6.875% & HOA dues of $350 per month.
Solar Payment: ~$85/mo
FLOORPLANS
GALLERY
Righetti Community
The Righetti neighborhood offers hiking, biking and jogging trails follow the natural contour of the hillside setting. A planned City Park will provide areas for active recreation and quiet contemplation. Small pocket parks and community gardens will offer areas to relax and commune with nature.
All amenities are set against the beautiful rolling terrain with vistas of Islay Hill, Righetti Hill and the Santa Lucia Foothills. An inspired blend of amenities, open space, architectural quality and new home technology, Righetti, master-planned by Ambient Communities, is a haven for a healthier, more connected way of life!
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The Nine @ Righetti