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StealpadFremont, CAWarm Springs1748 Kilowatt Way #401
1748 Kilowatt Way #401 — 3 bd condo for sale in Warm Springs, Fremont
24Overpriced

1748 Kilowatt Way #401

Warm Springs, Fremont, CA · 94539
$1,549,999 ~at market (+7%)
3 bd · 2.5 ba · 2,135 sqft · $726/sf
HOA $770/mo · 🏢 fee history ↓ · Floor 4 · 16 days on market · built 2022
⚖️ Adjusted valueOverpricedasking is +21% over fair value
Model fair value · 99 sold comps · ±8%$1,276,517
vs model fair value · size · beds/baths · age · HOA · location+21%
Condition · Avg / verify in person0
Price history · at/near its all-time high0
📐 How this Deal Score was built24Overpriced
Value gap · asking vs model fair value, after condition & price history−25.2
HOA burden · $770/mo = 0.6%/yr of price vs a 1.34% norm — at or below normal, no charge0
Days on market · 16 days — not long enough to give you leverage0
Raw advantage · the three above, combined−25.2
Model confidence · strong — ±8% typical model error across 99 sold comps. The less certain the model, the harder the gap is pulled back toward neutral×1
Deal Score24/100

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

$10,460/mo all-in
20% down at 6.65% (this week's 30-year average) · mortgage + tax + insurance + HOA
Mortgage principal & interest$7,960
Property tax (1.30% effective)$1,679
Insurance (estimate)$50
HOA dues$770
Total monthly$10,460
Rough cash to close$348,750

24% of that payment is not the mortgage. The HOA fee alone is $46,200 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $9,690.

Financing type

Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($77,500). 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 2026-08-20 — 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

2 recorded points

Reconstructed from 3 units of recorded sales at 1748 Kilowatt Way — every recorded sale carries its HOA fee and date. No listing site shows this.

$7182025$7822026
$782/mo · 2026
+9% since 2025

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
  • Upper floor (fl 4)
  • In-unit W/D
  • Garage parking
  • Low HOA (0.6%/yr)
⚠️ Cons
  • 21% above model fair value
  • HOA $770/mo
🚩 Red flags

Photos

Price history (this unit)

Only one sale-price event on record ($1,549,999 on Aug 11, 2026).
  • Aug 11, 2026 — Listed $1,549,999
  • Aug 11, 2026 — Listed $1,549,999

Description

A beautiful stunning penthouse in a resort style community! With vaulted ceilings and two separate outdoor spaces, this corner unit penthouse provides plenty of space to enjoy! Occupying the top 4th and 5th floors of the building, this home had abundance of natural light coming through soaring high ceiling and row of large windows. No neighbor above you in this top floor penthouse. Amazing condo entrance with spacious living spaces with large center island, spacious counter top in the kitchen with HQ appliances. Tastefully upgraded Cabinets, Flooring, Countertops, Backsplash, Stair Rails, along with EV Car Charging facility in garage. Main floor of the home has the master bedroom along with

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