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Stealpad › Oakland, CA › Piedmont Avenue › 2005 Pleasant Vly #215
2005 Pleasant Vly #215 — 1 bd condo for sale in Piedmont Avenue, Oakland
41Priced high

2005 Pleasant Vly #215

Piedmont Avenue, Oakland, CA · 94611
$343,000 ~at market (+8%)
1 bd · 1 ba · 650 sqft · $528/sf
HOA $513/mo · 🏢 fee history ↓ · Floor 2 · 7 days on market · built 1975
⚖️ Adjusted valueFairly pricedasking is +8% over fair value
Model fair value · 1 sold comps · ±15%$331,949
vs model fair value · size · beds/baths · age · HOA · location+3%
Condition · Avg / verify in person0
Price history · at/near its all-time high+5%
📐 How this Deal Score was built41Priced high
Value gap · asking vs model fair value, after condition & price history−9.6
HOA burden · $513/mo = 1.79%/yr of price vs a 1.33% norm−3.7
Days on market · 7 days — not long enough to give you leverage0
Raw advantage · the three above, combined−13.3
Model confidence · weak — ±15% typical model error across 1 sold comps. The less certain the model, the harder the gap is pulled back toward neutral×0.6
Deal Score41/100

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

$2,834/mo all-in
20% down at 7.4% (this week's 30-year average) · mortgage + tax + insurance + HOA
Mortgage principal & interest$1,900
Property tax (1.30% effective)$372
Insurance (estimate)$50
HOA dues$513
Total monthly$2,834
Rough cash to close$77,175

33% of that payment is not the mortgage. The HOA fee alone is $30,780 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,321.

Financing type

FHA approval has expired on this project. An FHA buyer cannot use it today, and the fact that it once qualified and then stopped is worth asking the board about. Plan on a conventional loan — 5% down at the very least.

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 ($513 in 2026), not enough for a trend yet. The listing shows $513/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
⚠️ Cons
  • Photos look dim — verify light in person
🚩 Red flags
  • Only 1 photo — verify condition

Photos

Price history (this unit)

Trough $261,000 Jan 9, 2008Now $343,000Peak $270,000 Sep 10, 2007
Current list price is +27% above its prior peak (listed at an all-time high) · +31% above its trough.
  • Jan 9, 2008 — Sold (MLS) $261,000
  • Oct 30, 2007 — Price Changed $265,000
  • Oct 26, 2007 — Price Changed $269,000
  • Sep 10, 2007 — Listed $270,000

Description

Tranquil & sunlit unit in Rockridge Manor! Tucked away in a peaceful setting, Unit 215 offers a bright, airy interior overflowing with natural light and lovely, serene views overlooking the garden and sparkling pool. Features a thoughtful layout, quiet surroundings, and unbeatable conveniencelocated directly across the street from The Ridge Shopping Center and just minutes to top-tier dining, cafes, and boutiques along Piedmont Ave and College Ave. With seamless commute options nearby, this hidden gem offers effortless, easy-care living in an exceptional neighborhood!

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