1438 Lakeshore Ave #6
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
30% of that payment is not the mortgage. The HOA fee alone is $28,500 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,692.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($19,950). 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
We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($475 in 2026), not enough for a trend yet. The listing shows $475/mo today. Upload its HOA docs and we'll build the full reserve & special-assessment report — free.
🏢 Get this building's free HOA report →✅ Positives
- Garage parking
- Low HOA (1.4%/yr)
⚠️ Cons
- 14% above model fair value
- Older building (1933)
- Ground floor
🚩 Red flags
Photos
Price history (this unit)
- Sep 18, 2026 — Listed $399,000
- Jul 6, 2015 — Sold (MLS) $300,000
- May 8, 2015 — Listed $259,000
Description
Adorable, sun-filled, one bedroom Condo in a beautiful Art Deco building right on Lake Merritt! The Condo is very bright and quiet as it is located on the south facing side of the building on the second floor, but the lake is just steps away for owners to enjoy whenever they want! You even have a peek-a-boo view of the lake from the bedroom! This Condo features a large kitchen, a living/dining room combo and a spacious bedroom, all with lovely natural wood floors, and there are newer dual pane windows as well! It also comes with it's own garage, which is located in the back of the building, and there is a no fee community laundry facility in the basement! With easy access to public transit…