288 3rd 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
29% of that payment is not the mortgage. The HOA fee alone is $42,780 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $4,308.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($32,150). 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 · +5%/yrReconstructed from 15 units of recorded sales at 288 3rd St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues have held relatively steady (about +5%/yr over 5 years across 15 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
- Upper floor (fl 4)
- In-unit W/D
- Garage parking
- Low HOA (1.3%/yr)
⚠️ Cons
- 24% above model fair value
- HOA $713/mo
🚩 Red flags
- Listed BELOW its 2019 sale ($750k) → value eroding
Photos
Price history (this unit)
- Sep 16, 2026 — Listed $678,000
- Dec 4, 2019 — Sold (MLS) $750,000
- Dec 4, 2019 — Sold (Public Records) $750,000
- Oct 3, 2019 — Listed $779,000
- Mar 31, 2014 — Sold (MLS) $550,000
- Mar 18, 2014 — Sold (Public Records) $550,000
Description
Urban living with loft-inspired style in the heart of Jack London Square. This 2-bed, 2-bath home offers open, light-filled space with soaring ceilings, oversized windows, and exposed concrete accents that give the floor plan real architectural character. The kitchen features stainless appliances, granite countertops, and ample cabinet space. Don't forget the in-unit laundry; generous closet space and deeded parking in the secure garage add day-to-day comfort. Walk to top breweries, restaurants, wine bars, and the waterfront — with quick access to Freeway 880, BART, Amtrak, and the ferry. A rare chance to own a true two-bedroom in one of Oakland's most walkable, energetic neighborhoods.