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Stealpad › Fremont, CA › Warm Springs › 47112 Warm Springs Blvd #216
47112 Warm Springs Blvd #216 — 2 bd condo for sale in Warm Springs, Fremont
40Priced high

47112 Warm Springs Blvd #216

Warm Springs, Fremont, CA · 94539
$649,000 10% above mkt
2 bd · 2 ba · 1,051 sqft · $618/sf
HOA $486/mo · 🏢 fee history ↓ · Floor 2 · 116 days on market · built 1982
⚖️ Adjusted valueOverpricedasking is +10% over fair value
Model fair value · 97 sold comps · ±8%$604,097
vs model fair value · size · beds/baths · age · HOA · location+7%
Condition · Fresh flip: new floors, paint+1%
Price history · ≈4% below its peak+2%
📐 How this Deal Score was built40Priced high
Value gap · asking vs model fair value, after condition & price history−12
HOA burden · $486/mo = 0.9%/yr of price vs a 1.33% norm — at or below normal, no charge0
Days on market · 116 days — it has sat, so you have leverage+3
Raw advantage · the three above, combined−9
Model confidence · strong — ±8% typical model error across 97 sold comps. The less certain the model, the harder the gap is pulled back toward neutral×1
Deal Score40/100

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

$4,834/mo all-in
20% down at 7.4% (this week's 30-year average) · mortgage + tax + insurance + HOA
Mortgage principal & interest$3,595
Property tax (1.30% effective)$703
Insurance (estimate)$50
HOA dues$486
Total monthly$4,834
Rough cash to close$146,025

26% of that payment is not the mortgage. The HOA fee alone is $29,160 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $4,348.

Financing type

Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($32,450). 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

✅ Falling · -9.2%/yr

Reconstructed from 13 units of recorded sales at 47112 Warm Springs Blvd — every recorded sale carries its HOA fee and date. No listing site shows this.

$6502023$5202024$4502025$4862026
$486/mo · 2026
-25% since 2023

These dues have actually fallen over 3 years across 13 units — unusual. Worth confirming the building isn't underfunding its reserves to keep the fee low.

🏢 Get this building's full reserve & assessment report — free →
✅ Positives
  • On market 116 days → strong negotiating leverage
  • In-unit W/D
  • Garage parking
  • Low HOA (0.9%/yr)
⚠️ Cons
  • Smaller than the Fremont norm (1051 vs 1165 sf)
🚩 Red flags
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Photos

Price history (this unit)

Trough $104,000 Sep 29, 1989Now $649,000Peak $678,000 Jun 17, 2026
Current list price is 4% below its peak · +524% above its trough.
  • Jun 17, 2026 — Listed $678,000
  • Jun 17, 2026 — Listed $678,000
  • Jul 31, 1997 — Sold (Public Records) $132,500
  • Sep 29, 1989 — Sold (Public Records) $104,000

Description

47112 Warm Springs Blvd. #216 is a tastefully updated 2-bedroom, 2-bathroom condo offering 1,051 square feet of comfortable living space in the highly desirable Warm Springs neighborhood. The remodeled kitchen features freshly painted cabinetry, quartz countertops, a stylish backsplash, brand-new stainless steel appliances (refrigerator, dishwasher, and range), a new faucet, and easy-care luxury vinyl flooring. The spacious living room is enhanced by recessed lighting and laminate flooring that extends into the primary suite, complete with a walk-in closet. Fresh interior paint throughout, brand-new carpet in the secondary bedroom, and updated bathrooms featuring new toilets and mirrors…

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