1428 Madison ST #104
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 $25,260 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $1,898.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($13,950). 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 · +0.3%/yrReconstructed from 4 units of recorded sales at 1428 Madison ST — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues have held relatively steady (about +0.3%/yr over 3 years across 4 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 155 days → strong negotiating leverage
- In-unit W/D
- Garage parking
- HOA steady in this building (~0.3%/yr over 3yr)
⚠️ Cons
- Small (554 sf)
- Older building (1961)
- Ground floor
🚩 Red flags
Photos
Price history (this unit)
- Apr 30, 2026 — Listed $279,000
- May 15, 2000 — Sold (Public Records) $88,000
- Oct 12, 1989 — Sold (Public Records) $47,500
Description
Here is your chance! Why rent when you can own? Welcome to this beautifully fully renovated condo in the heart of Oakland, offering stylish comfort and convenient urban living. The home features a brand-new kitchen and bathroom, new appliances, and stylish new flooring throughout, creating a fresh, contemporary space that is completely move-in ready. The living area opens to a private patio, creating a seamless indoor-outdoor flow that’s ideal for relaxing or enjoying your morning coffee, bringing in natural light and provides a pleasant outdoor retreat. Residents also enjoy a secure building with underground parking as well as access to a community swimming pool. Located just minutes from…