38228 Paseo Padre Pkwy #18
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 $30,120 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,865.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($21,250). 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
✅ 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 163 days → strong negotiating leverage
- In-unit W/D
- Low HOA (1.4%/yr)
- HOA steady in this building (~0.4%/yr over 5yr)
⚠️ Cons
- Older building (1970)
- Ground floor
- Photos look dim — verify light in person
🚩 Red flags
Photos
Price history (this unit)
- May 1, 2026 — Listed $449,000
- May 10, 2025 — Rental Removed $1,850
- May 5, 2025 — Listed for Rent $1,850
- May 5, 2025 — Rental Removed $1,850
- May 1, 2025 — Rental Removed $1,850
- May 1, 2025 — Listed for Rent $1,850
Description
Welcome home to this spacious and well-designed second-floor one-bedroom condo ideally located at 38228 Paseo Padre Parkway in Fremont. This inviting residence offers a thoughtful layout with new carpet, a large living room that provides ample space for relaxing or entertaining, seamlessly flowing into a dedicated dining area—perfect for everyday meals or hosting guests. The generously sized bedroom offers comfort and privacy, while the private patio extends your living space outdoors, ideal for morning coffee or unwinding at the end of the day. The unit includes washer and dryer hookups, adding everyday convenience rarely found in similar properties. Set within a well-maintained community…