2868 38th 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
33% of that payment is not the mortgage. The HOA fee alone is $27,000 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,023.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($14,900). 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 ($450 in 2026), not enough for a trend yet. The listing shows $450/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
- 13% below model fair value
- In-unit W/D
⚠️ Cons
- Ground floor
🚩 Red flags
Price history (this unit)
- Oct 6, 2026 — Listed $298,000
- May 28, 2011 — Sold (MLS) $41,500
- Oct 25, 2010 — Listed $40,000
- Aug 25, 2005 — Sold (MLS) $280,000
- Jul 29, 2005 — Sold (Public Records) $280,000
- May 31, 2005 — Listed $270,000
Description
Calling all renters! Here's your chance to pay less than what you were paying to rent and you can own! Pictures coming later this week, get in and see it before we market it fully. Best priced home in the Bay!