201 4th St #408
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
31% of that payment is not the mortgage. The HOA fee alone is $45,000 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,751.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($27,944). 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 · +2.5%/yrReconstructed from 9 units of recorded sales at 201 4th St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues have held relatively steady (about +2.5%/yr over 2 years across 9 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
- 16% below model fair value
- Upper floor (fl 4)
- In-unit W/D
- Garage parking
⚠️ Cons
- HOA $750/mo
- Older building (1928)
- Photos look dim — verify light in person
🚩 Red flags
- Live/work loft — workspace-heavy sqft and a thinner buyer pool inflate the apparent discount vs regular condo comps
Photos
Price history (this unit)
- Aug 28, 2026 — Listed $558,888
- Mar 8, 2002 — Sold (Public Records) $405,000
- Mar 7, 2002 — Sold (MLS) $405,000
- Jan 20, 2002 — Listed $405,000
Description
Fresh opportunity at New Market Lofts in Oakland's Jack London Square! This distinctive Live/Work loft pairs authentic industrial character with the convenience of modern urban living. Originally built as Safeway's corporate headquarters and later converted to loft residences, the historic building remains one of the area's recognizable warehouse-style communities. Inside, soaring concrete ceilings, exposed architectural details, polished concrete floors and a dramatic wall of windows create a bright, open atmosphere with impressive urban views. The flexible open concept layout provides plenty of room to live, work, entertain or create, while the kitchen with breakfast bar and stainless…