25850 Kay Ave #229
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
35% of that payment is not the mortgage. The HOA fee alone is $44,820 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,891.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($21,450). 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
🚩 Rising fast · +12.5%/yrReconstructed from 5 units of recorded sales at 25850 Kay Ave — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 27% in 2 years — about +12.5%/yr across 5 units of recorded sales, well above inflation. A rise this steep is a leading signal of a special assessment, a drained reserve fund, or an insurance shock. The listing never shows it; the building's documents are where the "why" lives.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- In-unit W/D
⚠️ Cons
- HOA $747/mo
🚩 Red flags
- HOA rising ~13%/yr in this building ($590/mo in 2024 → $747)
Photos
Price history (this unit)
- Sep 3, 2026 — Listed $429,000
- Jun 17, 2024 — Rental Removed $2,500
- May 10, 2024 — Listed for Rent $2,500
- May 28, 2014 — Sold (Public Records) $250,000
- Jan 31, 1989 — Sold (Public Records) $104,000
Description
Welcome to 25850 Kay Avenue #229, a thoughtfully updated 2-bedroom, 2-bath condominium offering a comfortable blend of space, style, and everyday convenience. The inviting open-concept floor plan brings the living, dining, and kitchen areas together, creating an ideal setting for both relaxed daily living and entertaining. Anchored by a cozy fireplace, the living room opens directly to a private balcony perfect for enjoying a morning coffee or unwinding at the end of the day. The updated kitchen features sleek quartz countertops, stainless steel appliances, and ample workspace and storage. Two well-appointed bedrooms offer flexibility for a variety of lifestyles, including a spacious…