2 Panoramic Way #105
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
30% of that payment is not the mortgage. The HOA fee alone is $51,840 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $4,951.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($37,000). 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
🚩 Rising fast · +13.9%/yrReconstructed from 9 units of recorded sales at 2 Panoramic Way — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 91% in 5 years — about +13.9%/yr across 9 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
- Garage parking
- Low HOA (1.4%/yr)
⚠️ Cons
- HOA $864/mo
- Older building (1967)
- Ground floor
🚩 Red flags
- HOA rising ~14%/yr in this building ($464/mo in 2021 → $888)
- Back on market — this unit was off the market and was relisted Oct 7
Photos
Price history (this unit)
- Oct 7, 2026 — Listed $740,000
- Aug 4, 2014 — Sold (MLS) $517,000
- Aug 1, 2014 — Sold (Public Records) $517,000
- Jul 7, 2014 — Listed $495,000
- May 4, 2005 — Sold (MLS) $446,500
- May 4, 2005 — Sold (Public Records) $446,500
Description
Location, Location, Location! This beautiful level-in 2 bedroom 1 bathroom condo is located just a stone's throw away from the Cal Berkeley Memorial football stadium. It is a short walk to campus down the Bancroft steps conveniently located just across the street. It has 3 separate sliding glass doors leading out to a full-length covered patio deck with sweeping views of San Francisco, the Bay Bridge, and the Golden Gate Bridge. It has an abundance of natural light, as well as a spacious floor plan. While close to activities, it also has a serene neighborhood feel while being surrounded by lush trees and foliage. This makes it desirable for UC Berkeley students, faculty, or even investors.…