2316 Lakeshore Ave #8
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
32% of that payment is not the mortgage. The HOA fee alone is $52,860 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $4,391.
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 2026-08-20 — 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
3 recorded pointsReconstructed from 4 units of recorded sales at 2316 Lakeshore Ave — every recorded sale carries its HOA fee and date. No listing site shows this.
We have a few recorded HOA fees for this building but not yet enough to call a reliable trend, so these are the raw points — no rate implied. Its documents fill in the reserve health and assessment risk.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- Garage parking
⚠️ Cons
- HOA $881/mo
- Older building (1962)
- Ground floor
🚩 Red flags
Photos
Price history (this unit)
- Aug 9, 2026 — Listed $698,000
- Aug 11, 1994 — Sold (Public Records) $149,000
- Apr 7, 1989 — Sold (Public Records) $145,000
- Apr 7, 1989 — Sold (Public Records) $145,000
Description
This stylish mid-century residence commands one of the most coveted positions on Lake Merritt. The living room and dining area open to the balcony, where broad planes of glass frame tranquil lake views and flood the space with natural light. The kitchen has been updated with open shelving, flush mount lights, and contemporary fixtures and appliances. Both bathrooms have been updated and the primary en-suite has an oversized closet with custom doors. Custom shelving and entertainment center. Every detail of this home has been considered and enhanced. A rare offering at the very top of the lake.