1815 Balsa St
Higher is a better buy. 50 is "priced about right for what it is". The last step curves the raw advantage onto 0–100, so points stop being one-for-one at the extremes.
💵What this unit actually costs per month
22% of that payment is not the mortgage. The HOA fee alone is $25,380 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $6,474.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($48,500). 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 ($423 in 2026), not enough for a trend yet. The listing shows $423/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
- On market 167 days → strong negotiating leverage
- In-unit W/D
- Garage parking
- Low HOA (0.5%/yr)
⚠️ Cons
🚩 Red flags
- Still cutting price ($1025k→$1020k→$1015k→$1010k→$975k→$970k)
Photos
Price history (this unit)
- Sep 17, 2026 — Price Changed $970,000
- Jul 17, 2026 — Price Changed $975,000
- Jul 3, 2026 — Price Changed $1,010,000
- Jun 15, 2026 — Price Changed $1,015,000
- Jun 3, 2026 — Price Changed $1,020,000
- Apr 27, 2026 — Listed $1,025,000
Description
IMPROVED PRICE! WHY BUY NEW WHEN YOU CAN GET THIS AT A DISCOUNT! Compare with other condos priced over $1,000,000! Exceptional central Alameda location. Built in 2016, this 3 bed, 3.5 bath tri-level home offers 1,727 sq ft of thoughtfully designed living space in a prime central location. Each bedroom features its own en suite bathroom, offering ideal privacy and comfort. The first floor features a private bedroom with a full bath, including a stall shower. On the second floor, enjoy an open-concept layout that seamlessly combines the kitchen, dining and living room, along with a convenient half bath. Highlights include recessed lighting, LVP flooring, a built-in bookshelf, and a patio…