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Stealpad › Alameda, CA › ZIP 94501 › 2875 Tradewind Dr
2875 Tradewind Dr — 2 bd condo for sale in ZIP 94501, Alameda
38Priced high

2875 Tradewind Dr

ZIP 94501, Alameda, CA · 94501
$825,000 11% above mkt
2 bd · 2 ba · 1,233 sqft · $669/sf
HOA $598/mo · 🏢 fee history ↓ · 39 days on market · built 2022
⚖️ Adjusted valueOverpricedasking is +11% over fair value
Model fair value · 8 sold comps · ±10%$757,568
vs model fair value · size · beds/baths · age · HOA · location+9%
Condition · Avg / verify in person0
Price history · ≈4% below its peak+2%
📐 How this Deal Score was built38Priced high
Value gap · asking vs model fair value, after condition & price history−13.2
HOA burden · $598/mo = 0.87%/yr of price vs a 1.33% norm — at or below normal, no charge0
Days on market · 39 days — not long enough to give you leverage0
Raw advantage · the three above, combined−13.2
Model confidence · moderate — ±10% typical model error across 8 sold comps. The less certain the model, the harder the gap is pulled back toward neutral×0.8
Deal Score38/100

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

$6,111/mo all-in
20% down at 7.4% (this week's 30-year average) · mortgage + tax + insurance + HOA
Mortgage principal & interest$4,570
Property tax (1.30% effective)$894
Insurance (estimate)$50
HOA dues$598
Total monthly$6,111
Rough cash to close$185,625

25% of that payment is not the mortgage. The HOA fee alone is $35,880 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $5,513.

Financing type

Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($41,250). 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 ($598 in 2026), not enough for a trend yet. The listing shows $598/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 4 tracked in Alameda Landing
  • In-unit W/D
  • Garage parking
  • Low HOA (0.9%/yr)
⚠️ Cons
  • HOA $598/mo
🚩 Red flags
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Photos

Price history (this unit)

Trough $825,000 Sep 25, 2026Now $825,000Peak $859,000 Sep 2, 2026
Current list price is 4% below its peak · +0% above its trough.
  • Sep 25, 2026 — Price Changed $825,000
  • Sep 2, 2026 — Listed $859,000

Description

"NEW PRICE" Experience the perfect blend of modern luxury, urban convenience, and Island charm in this contemporary single-level 2-bedroom, 2-bath condo. This beautiful rare corner/end-unit with no shared side walls in a low-density 12-unit building-just four residences per floor-offering enhanced privacy, separation, and more spacious feel. Built in 2022 in highly desirable, master-planned Bay 37 Community just steps from the waterfront. Step inside to an expansive sun-drenched open floor plan featuring soaring ceilings, premium floorings, and sleek finishes throughout. The gourmet kitchen is complete with high-end appliances and an appreciable center island perfect for casual dining or…

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