38500 Paseo Padre Pkwy #313
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
33% of that payment is not the mortgage. The HOA fee alone is $33,600 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,600.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($19,250). 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
2 recorded pointsReconstructed from 7 units of recorded sales at 38500 Paseo Padre Pkwy — every recorded sale carries its HOA fee and date. No listing site shows this.
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
- On market 165 days → strong negotiating leverage
- Upper floor (fl 3)
- In-unit W/D
- Garage parking
⚠️ Cons
- HOA $560/mo
- Older building (1970)
- Photos look dim — verify light in person
🚩 Red flags
Photos
Price history (this unit)
- Apr 29, 2026 — Listed $388,000
- Sep 30, 2021 — Sold (MLS) $379,000
- Sep 30, 2021 — Sold (Public Records) $379,000
- Jul 12, 2021 — Listed $379,000
- Dec 10, 1996 — Sold (MLS) $60,000
- Dec 9, 1996 — Sold (MLS) $60,000
Description
Unique opportunity! 1 Bedroom 1 Bath on the 3rd/floor unit is located on the Parkmont Gardens Community, Location, Location, Locations and inexpensive unit, accessible to highway 880, 84, few minutes from Bart, medical center, parks, alameda creek trails, restaurants, shopping center, grocery stores, Starbucks, great schools. Private balcony where you can enjoy the working and drinking coffee. Complex has its own park, laundry room, pool, HOA covers trash and water.