🏠 Stealpad
/
Stealpad › Berkeley, CA › ZIP 94704 › 62 Arden Rd
62 Arden Rd — 1 bd condo for sale in ZIP 94704, Berkeley
27Overpriced

62 Arden Rd

ZIP 94704, Berkeley, CA · 94704
$749,000 30% above mkt
1 bd · 1 ba · 665 sqft · $1,126/sf
No HOA listed · 24 days on market · built 1953
⚖️ Adjusted valueOverpricedasking is +30% over fair value
Model fair value · 1 sold comps · ±13%$581,720
vs model fair value · size · beds/baths · age · HOA · location+29%
Condition · Avg / verify in person0
Price history · ≈8% below its peak+1%
📐 How this Deal Score was built27Overpriced
Value gap · asking vs model fair value, after condition & price history−36
HOA burden · no HOA published — estimated at 1.07%/yr so missing data isn't a free pass0
Days on market · 24 days — not long enough to give you leverage0
Raw advantage · the three above, combined−36
Model confidence · weak — ±13% typical model error across 1 sold comps. The less certain the model, the harder the gap is pulled back toward neutral×0.6
Deal Score27/100

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

$5,010/mo all-in
20% down at 7.4% (this week's 30-year average) · mortgage + tax + insurance
Mortgage principal & interest$4,149
Property tax (1.30% effective)$811
Insurance (estimate)$50
Total monthly$5,010
Rough cash to close$168,525
Financing type

Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($37,450). 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. Upload its HOA docs and we'll build the full reserve & special-assessment report — free.

🏢 Get this building's free HOA report →
✅ Positives
  • In-unit W/D
  • Garage parking
⚠️ Cons
  • 29% above model fair value
  • Older building (1953)
  • Photos look dim — verify light in person
🚩 Red flags
  • Listed BELOW its 2022 sale ($815k) → value eroding

Photos

Price history (this unit)

Trough $150,000 Sep 16, 1994Now $749,000Peak $815,000 Mar 18, 2022
Current list price is 8% below its peak · +399% above its trough.
  • Sep 17, 2026 — Listed $749,000
  • Mar 18, 2022 — Sold (Public Records) $815,000
  • Feb 28, 2016 — Sold (MLS) $610,000
  • Feb 25, 2016 — Sold (Public Records) $610,000
  • Jan 28, 2016 — Listed $479,000
  • Jun 4, 2004 — Sold (Public Records) $380,000

Description

Prepare to be captivated by this rare, freestanding mid-century home perched on Berkeley's coveted lower Panoramic Hill. Designed to embrace its stunning natural surroundings, it features what feel like continuous walls of glass, framing breathtaking panoramic views of the San Francisco Bay, city skylines, and spectacular sunsets. Step onto your private deck or into the yard—perfect for morning espresso, evening entertaining, or simply soaking in the views. A one-car garage adds off-street parking and extra storage. Stand-alone and private, with no shared walls, no HOA dues, just minutes from the UC Berkeley campus! BESO EXEMPT.

More steals in ZIP 94704

See all 12 condos in ZIP 94704 →