3038 Martin Luther King Way
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
20% of that payment is not the mortgage. The HOA fee alone is $7,800 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $4,421.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($33,000). 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 ($130 in 2026), not enough for a trend yet. The listing shows $130/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
- In-unit W/D
- Low HOA (0.2%/yr)
- Newer build (2023)
⚠️ Cons
- Photos look dim — verify light in person
🚩 Red flags
Photos
Price history (this unit)
- Oct 8, 2026 — Listed $660,000
- Mar 23, 2025 — Rental Removed $3,500
- Dec 31, 2024 — Price Changed $3,500
- Nov 15, 2024 — Listed for Rent $3,200
Description
This building was 90 percent rebuild in 2023. All new electrical, plumbing, force air heating, 9 foot ceilings, on demand hot water with circulating pumps. windows, roof and the foundation is 7 years old.