2027 Otis Dr Unit F
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
30% of that payment is not the mortgage. The HOA fee alone is $35,280 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,399.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($25,750). 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 2026-11-05 — 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 ($588 in 2026), not enough for a trend yet. The listing shows $588/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
- Low HOA (1.4%/yr)
⚠️ Cons
- HOA $588/mo
- Older building (1968)
🚩 Red flags
Photos
Price history (this unit)
- Nov 6, 2026 — Listed $515,000
- Nov 6, 2026 — Listed $515,000
- Aug 15, 2006 — Sold (Public Records) $452,500
- Mar 23, 2006 — Sold (Public Records) $426,000
- Jul 20, 1984 — Sold (Public Records) $113,500
- Oct 27, 1980 — Sold (Public Records) $110,000
Description
LAGOON VIEWS PRIME LOCATION MAKE IT YOUR OWN! Discover a special opportunity in Alameda! This 2-bedroom, 2-bath upstairs home offers 1,028 sq. ft. in one of the best locations in the complex. Enjoy beautiful lagoon views from the living room, both bedrooms, and private patio; a peaceful backdrop for morning coffee or evening relaxation. The open living and dining areas offer a welcoming layout for everyday living and entertaining. The community swimming pool is conveniently located just across the way. Enjoy the added convenience of one covered parking space and a secured storage area. Enjoy Alameda living with nearby shopping, local beaches, and vibrant Downtown Alameda, known for its…