2137 Otis Dr #101
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
31% of that payment is not the mortgage. The HOA fee alone is $42,000 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,692.
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
🚩 Rising fast · +6.5%/yrReconstructed from 15 units of recorded sales at 2137 Otis Dr — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 37% in 5 years — about +6.5%/yr across 15 units of recorded sales, well above inflation. A rise this steep is a leading signal of a special assessment, a drained reserve fund, or an insurance shock. The listing never shows it; the building's documents are where the "why" lives.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- On market 47 days → some leverage
- Garage parking
⚠️ Cons
- HOA $700/mo
- Older building (1964)
- Ground floor
🚩 Red flags
- Listed BELOW its 2021 sale ($665k) → value eroding
Photos
Price history (this unit)
- Aug 25, 2026 — Listed $589,000
- Jul 19, 2021 — Sold (MLS) $665,000
- Jul 19, 2021 — Sold (Public Records) $665,000
- Jun 11, 2021 — Listed $600,000
- Feb 27, 1997 — Sold (MLS) $105,000
- Feb 27, 1997 — Sold (Public Records) $105,000
Description
Welcome to 2137 Otis Drive #101, a spacious first-level end unit in one of those Alameda locations that makes everyday life easy. With 2 bedrooms, 2 full baths and approximately 1,187 square feet, there’s plenty of room to spread out without giving up the convenience of condo living. South Shore Center is right across the street, with Trader Joe’s, restaurants, coffee, shopping and groceries all close by. A few blocks away is Crown Memorial State Beach and the shorelinegreat for a morning walk, bike ride, afternoon at the beach or an evening sunset. Park Street and Downtown Alameda are just minutes away when you’re looking for more restaurants, shops and local favorites. Inside, the home is…