1012 Martin Luther King Dr
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
22% of that payment is not the mortgage. The HOA fee alone is $15,900 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $4,900.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($38,994). 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
2 recorded pointsReconstructed from 1 unit of recorded sales at 1012 Martin Luther King Dr — 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
- In-unit W/D
- Garage parking
- Low HOA (0.4%/yr)
- Newer build (2010)
⚠️ Cons
🚩 Red flags
- Listed BELOW its 2022 sale ($820k) → value eroding
Photos
Price history (this unit)
- Aug 26, 2026 — Listed $779,888
- Mar 14, 2022 — Sold (MLS) $820,000
- Mar 14, 2022 — Sold (Public Records) $820,000
- Feb 4, 2022 — Listed $795,000
- Feb 4, 2022 — Price Changed $3,250
- Oct 11, 2016 — Sold (Public Records) $589,000
Description
Located in Hayward’s prestigious Cannery Park development, this beautiful Spanish Revival townhome-styled condo has the features today’s discerning buyers are looking for. Upscale details throughout, awesome commute access, walking distance to Hayward’s revitalized downtown … it’s all here. As you enter, you immediately notice the spacious living area with beautiful flooring that flows throughout. The 2-car garage is on this level, along with a powder room and laundry room. Up the stairs is the main living area, including the upscale kitchen with solid surface counters and ample cabinetry, making meal preparation both efficient and enjoyable. The living spa