38Priced high

238 Paso Roble Cmn

Mission San Jose, Fremont, CA · 94539

$1,200,000 28% above mkt

3 bd · 2 ba · 1,431 sqft · $839/sf

HOA $300/mo · 🏢 fee history ↓ · 28 days on market · built 2012

View on Redfin ↗🏢 This building's HOA ↓

⚖️ Adjusted valueOverpricedasking is +15% over fair value

Model fair value · 1 sold comps · ±8%$1,041,661

vs model fair value · size · beds/baths · age · HOA · location+15%

Condition · Avg / verify in person0

Price history · ≈11% below its peak0

📐 How this Deal Score was built38Priced high

Value gap · asking vs model fair value, after condition & price history−18

HOA burden · $300/mo = 0.3%/yr of price vs a 1.34% norm — at or below normal, no charge0

Days on market · 28 days — not long enough to give you leverage0

Raw advantage · the three above, combined−18

Model confidence · weak — ±8% typical model error across 1 sold comps. The less certain the model, the harder the gap is pulled back toward neutral×0.6

Deal Score38/100

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

$7,813/mo all-in

20% down at 6.65% (this week's 30-year average) · mortgage + tax + insurance + HOA

Mortgage principal & interest$6,163

Property tax (1.30% effective)$1,300

Insurance (estimate)$50

HOA dues$300

Total monthly$7,813

Rough cash to close$270,000

21% of that payment is not the mortgage. The HOA fee alone is $18,000 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $7,513.

Financing type

FHA approval has expired on this project. An FHA buyer cannot use it today, and the fact that it once qualified and then stopped is worth asking the board about. Plan on a conventional loan — 5% down at the very least.

Minimum realistic down payment here: 5% · verify on HUD's lookup

Adjust the down payment & rate →Compare your Loan Estimates →

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

We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($300 in 2026), not enough for a trend yet. The listing shows $300/mo today. 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
Low HOA (0.3%/yr)
Newer build (2012)

⚠️ Cons

15% above model fair value

🚩 Red flags

Listed BELOW its 2022 sale ($1350k) → value eroding

Photos

Price history (this unit)

Trough $624,169 Oct 21, 2012Now $1,200,000Peak $1,350,000 Apr 26, 2022

Current list price is 11% below its peak · +92% above its trough.

Jul 30, 2026 — Listed $1,200,000
Apr 26, 2022 — Sold (MLS) $1,350,000
Apr 26, 2022 — Sold (Public Records) $1,350,000
Mar 31, 2022 — Listed $1,199,800
Oct 21, 2012 — Sold (MLS) $624,169
Jun 30, 2012 — Listed $636,169

Description

Discover this beautiful, turnkey two-story end unit at 238 Paso Roble Cmn, located in the top-rated Mission school district. Inside, the home features high ceilings, an abundance of natural light, and one of the best floor plans in the community with all bedrooms on a single level. The open great room, kitchen, and dining combo offers upscale flooring and the perfect space to entertain, featuring a kitchen equipped with granite countertops, an island, a stone tile backsplash, a gas 5-burner cooktop, stainless steel appliances and new Bosch dishwasher. The spacious primary suite boasts a dual vanity and a walk-in closet with custom organizers. Enjoy outdoor relaxation on the large balcony wit