2 Panoramic Way #306
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 $53,280 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $4,679.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($34,950). 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
- On market 107 days → strong negotiating leverage
- Upper floor (fl 3)
- Garage parking
⚠️ Cons
- 15% above model fair value
- HOA $888/mo
- Older building (1967)
🚩 Red flags
- HOA rising ~14%/yr in this building ($464/mo in 2021 → $888)
Photos
Price history (this unit)
- Jul 8, 2026 — Price Changed $739,999
- Jun 26, 2026 — Listed $779,000
Description
Perched in the Berkeley Hills, this penthouse corner unit condo offers sweeping, unobstructed views of the San Francisco Bay, including the Golden Gate Bridge, Bay Bridge, Alcatraz, the San Francisco skyline, and Marin Headlands. This light-filled 2 bedroom, 1 bath residence features a private west-facing balcony where you can enjoy spectacular sunsets, sparkling water views, and twinkling city lights. Overlooking the iconic Spanish-tile rooftops of International House, the home embodies the timeless charm and character of Berkeley. Thoughtfully updated throughout, the residence features modern laminate flooring, a beautifully remodeled bathroom with designer tile finishes and a sleek glass…