247 Fourth St #405
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
34% of that payment is not the mortgage. The HOA fee alone is $47,580 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,464.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($27,450). 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 2026-08-20 — 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
We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($793 in 2026), not enough for a trend yet. The listing shows $793/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
- Upper floor (fl 4)
- In-unit W/D
- Garage parking
⚠️ Cons
- HOA $793/mo
- Older building (1923)
- 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 15, 2026 — Listed $549,000
- Apr 29, 1998 — Sold (Public Records) $205,000
Description
Tue authentic loft lovers will marvel at the newest offering in Jack London Square's historical Warehouse and Produce District live/work loft. Originally buildt in 1923 as Safeway's Warehouse, and then converted into one of the largest residential coversions in the area for the time. Exposed cement walls, pillars, trellis ceiling, original concrete flooring and huge industrial windows really help to set this spacious creative space's character. Enjoy a brand new and expanded kitchen, spacious and unique brand new bathroom, in-unit laundry, soaring ceilings, huge windows, gallery walls everywhere, truly impressive large interior storage space, stained concrete flooring, top floor location, e