2550 Dana St Unit 5F
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
34% of that payment is not the mortgage. The HOA fee alone is $43,020 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,041.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($23,000). 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 2026-11-05 — 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 · +9.1%/yrReconstructed from 17 units of recorded sales at 2550 Dana St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 55% in 5 years — about +9.1%/yr across 17 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
- 13% below model fair value
⚠️ Cons
- HOA $717/mo
- Older building (1962)
- Ground floor
🚩 Red flags
- HOA rising ~9%/yr in this building ($433/mo in 2021 → $669)
- Co-op / TIC, not a condo — you buy shares or a fractional interest, not the unit itself. Financing is harder and dearer, a board can vet or refuse you, resale may be price-capped, and the buyer pool is thin. Every comp behind the numbers below is a condominium, so treat the gap as an ownership-form discount until you have read the share loan terms and the bylaws.
Photos
Price history (this unit)
- Oct 22, 2026 — Listed $460,000
- Jul 21, 2026 — Sold (MLS) $460,000
- Jun 16, 2026 — Price Changed $469,000
- May 4, 2026 — Price Changed $499,000
- May 1, 2026 — Price Changed $545,000
- Apr 9, 2026 — Listed $560,000
Description
Million dollar view of the bay and Mount Tamalpais from this spacious, beautifully maintained unit. Expansive windows fill the home with natural light, with motorized shades and sweeping water and hillside vistas you’ll never tire of. This unit is in great condition and move-in ready, offering a clean, modern feel. It has a functional open layout that makes everyday living easy and comfortable. The kitchen features newer appliances, ceramic cooktop, and natural stone counters. Located in a 55+ co-op building, this is a warm, friendly community where neighbors know each other and the atmosphere is welcoming. The property is well-maintained and professionally managed, offering peace of mind…