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Stealpad › Alameda, CA › ZIP 94501 › 27 Courageous Ct # F62
27 Courageous Ct # F62 — 2 bd condo for sale in ZIP 94501, Alameda
21Overpriced

27 Courageous Ct # F62

ZIP 94501, Alameda, CA · 94501
$1,099,000 30% above mkt
2 bd · 3.5 ba · 1,608 sqft · $683/sf
HOA $943/mo · 🏢 fee history ↓ · 11 days on market · built 1986
⚖️ Adjusted valueOverpricedasking is +30% over fair value
Model fair value · 7 sold comps · ±10%$878,230
vs model fair value · size · beds/baths · age · HOA · location+25%
Condition · Avg / verify in person0
Price history · at/near its all-time high+5%
📐 How this Deal Score was built21Overpriced
Value gap · asking vs model fair value, after condition & price history−36
HOA burden · $943/mo = 1.03%/yr of price vs a 1.33% norm — at or below normal, no charge0
Days on market · 11 days — not long enough to give you leverage0
Raw advantage · the three above, combined−36
Model confidence · moderate — ±10% typical model error across 7 sold comps. The less certain the model, the harder the gap is pulled back toward neutral×0.8
Deal Score21/100

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

$8,271/mo all-in
20% down at 7.4% (this week's 30-year average) · mortgage + tax + insurance + HOA
Mortgage principal & interest$6,087
Property tax (1.30% effective)$1,191
Insurance (estimate)$50
HOA dues$943
Total monthly$8,271
Rough cash to close$247,275

26% of that payment is not the mortgage. The HOA fee alone is $56,580 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $7,328.

Financing type

FHA approval has expired on this project. An FHA buyer cannot use it today, and the fact that it once qualified and then stopped is worth asking the board about. Plan on a conventional loan — 5% down at the very least.

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 ($943 in 2026), not enough for a trend yet. The listing shows $943/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
  • In-unit W/D
  • Garage parking
  • Low HOA (1%/yr)
⚠️ Cons
  • 25% above model fair value
  • HOA $943/mo
  • Photos look dim — verify light in person
🚩 Red flags
  • Only 2 photos — verify condition

Photos

Price history (this unit)

Trough $389,000 Jul 13, 1999Now $1,099,000Peak $700,000 Mar 4, 2014
Current list price is +57% above its prior peak (listed at an all-time high) · +183% above its trough.
  • Mar 4, 2014 — Sold (MLS) $700,000
  • Mar 4, 2014 — Sold (Public Records) $700,000
  • Jan 30, 2014 — Listed $675,000
  • Jul 13, 1999 — Sold (Public Records) $389,000

Description

Welcome to a townhome-style condo that makes the most of island living. Tucked into the welcoming community of Marina Village, this three-level waterfront residence puts you within easy reach of the water, community pool, shopping, groceries, restaurants, and services—all just a short stroll away. The main floor is where life happens. Step onto the balcony and take in an expansive waterfront panorama, with the marina and lagoon unfolding before you—boats resting in their slips, others sailing across the water, and the light shifting throughout the afternoon. Inside, the kitchen, living, and dining spaces flow together into a generous, light-filled gathering area, with a half bath for…

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