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StealpadAlameda, CAZIP 94501339 Broadway #307
339 Broadway #307 — 2 bd condo for sale in ZIP 94501, Alameda
61Fair price

339 Broadway #307

ZIP 94501, Alameda, CA · 94501
$395,000 14% below mkt
2 bd · 1 ba · 929 sqft · $425/sf
HOA $619/mo · 🏢 fee history ↓ · Floor 3 · 20 days on market · built 1964
💎 Hidden gem
⚖️ Adjusted valueUndervaluedasking is 14% under fair value
Model fair value · 8 sold comps · ±9%$474,683
vs model fair value · size · beds/baths · age · HOA · location−17%
Condition · Avg / verify in person0
Price history · at/near its all-time high+3%
📐 How this Deal Score was built61Fair price
Value gap · asking vs model fair value, after condition & price history+16.8
HOA burden · $619/mo = 1.88%/yr of price vs a 1.34% norm−4.3
Days on market · 20 days — not long enough to give you leverage0
Raw advantage · the three above, combined+12.5
Model confidence · moderate — ±9% typical model error across 8 sold comps. The less certain the model, the harder the gap is pulled back toward neutral×0.8
Deal Score61/100

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

$3,126/mo all-in
20% down at 6.65% (this week's 30-year average) · mortgage + tax + insurance + HOA
Mortgage principal & interest$2,029
Property tax (1.30% effective)$428
Insurance (estimate)$50
HOA dues$619
Total monthly$3,126
Rough cash to close$88,875

35% of that payment is not the mortgage. The HOA fee alone is $37,140 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,507.

Rate is the Freddie Mac PMMS 30-year average for the week of 2026-08-20 — 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

4 recorded points

Reconstructed from 5 units of recorded sales at 339 Broadway — every recorded sale carries its HOA fee and date. No listing site shows this.

$4712022$5792023$5622024$6192026
$619/mo · 2026
+31% since 2022

We have a few recorded HOA fees for this building but not yet enough to call a reliable trend, so these are the raw points — no rate implied. Its documents fill in the reserve health and assessment risk.

🏢 Get this building's full reserve & assessment report — free →
✅ Positives
  • Best $/sf of 4 tracked in Southshore
  • 17% below model fair value
  • Upper floor (fl 3)
⚠️ Cons
  • HOA $619/mo
  • Older building (1964)
  • Only 1 bath
🚩 Red flags

Photos

Price history (this unit)

Trough $83,500 Feb 7, 1984Now $395,000Peak $395,000 Aug 7, 2026
Current list price is 0% below its peak · +373% above its trough.
  • Aug 7, 2026 — Listed $395,000
  • Feb 7, 1984 — Sold (Public Records) $83,500

Description

Unit is in the original condition in need of updates. All original appliances work, owner passed away peacefully in the unit. Located in a great area of Alameda, walking distance to the beach, a couple of blocks to South Shore Shopping center and restaurants, Balcony overlooking partial water views and community pool. Great schools. Priced to sell.

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