38228 Paseo Padre Pkwy #10
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 $35,760 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,775.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($29,950). 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 2026-08-20 — 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
✅ Fairly steady · +0.4%/yrReconstructed from 9 units of recorded sales at 38228 Paseo Padre Pkwy — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues have held relatively steady (about +0.4%/yr over 5 years across 9 units) — a good sign. Only the reserve study confirms the building is keeping up with its big-ticket repairs.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- On market 108 days → strong negotiating leverage
- In-unit W/D
- Low HOA (1.2%/yr)
- HOA steady in this building (~0.4%/yr over 5yr)
⚠️ Cons
- 11% above model fair value
- HOA $596/mo
- Older building (1970)
🚩 Red flags
Photos
Price history (this unit)
- May 11, 2026 — Listed $599,000
- May 11, 2026 — Listed $599,000
- Dec 6, 2022 — Sold (MLS) $555,000
- Dec 6, 2022 — Sold (Public Records) $555,000
- Sep 28, 2022 — Price Changed $570,000
- Aug 17, 2022 — Listed $575,000
Description
Located in Fremont, this 1,033 sq ft home features two bedrooms and two full bathrooms: one with a stall shower and a second with a shower over a tub. The kitchen is equipped with a gas cooktop, oven range, and microwave, providing functional cooking options. Laminate flooring runs throughout the home, complementing the dining area within the living room. Laundry facilities with a washer and dryer are conveniently located inside. Heating is provided by a wall furnace, and there is no central cooling system. The property does offer access to a community in-ground pool. The home is within the Fremont Unified School District. Fantastic location for shopping, schools, and dining.