2029 Otis Dr Unit D
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
37% 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 $2,017.
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 ($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
- Cheapest of 14 tracked in Alameda
- On market 86 days → some leverage
⚠️ Cons
- 16% above model fair value
- Small (425 sf)
- HOA $588/mo
🚩 Red flags
Photos
Price history (this unit)
- Jul 17, 2026 — Listed $297,000
Description
2029 Otis Dr Unit D offers comfortable, low-maintenance living in one of Alameda's most desirable South Shore neighborhoods. Thoughtfully designed to maximize every square foot, this ground-floor studio features a large sliding glass door that fills the home with natural light and creates a seamless indoor-outdoor living experience. The generously sized, fenced patio extends the living space outdoors, offering plenty of room for dining, lounging, gardening, or simply enjoying Alameda's mild year-round climate. The community pool and nearby lagoon are just a short walk away, adding to the easy, low-maintenance lifestyle that makes South Shore such a desirable place to call home. Located just…