320 Lee St #303
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 $36,900 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,023.
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 2026-10-08 — 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
🚩 Rising fast · +7.4%/yrReconstructed from 13 units of recorded sales at 320 Lee St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 33% in 4 years — about +7.4%/yr across 13 units of recorded sales, well above inflation. A rise this steep is a leading signal of a special assessment, a drained reserve fund, or an insurance shock. The listing never shows it; the building's documents are where the "why" lives.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- Upper floor (fl 3)
- Garage parking
⚠️ Cons
- 28% above model fair value
- HOA $615/mo
- Older building (1965)
🚩 Red flags
- Back on market — a pending sale fell through (relisted Oct 5) — ask why
Photos
Price history (this unit)
- Sep 16, 2026 — Listed $449,000
- Nov 4, 2009 — Sold (Public Records) $190,000
- Nov 25, 1987 — Sold (Public Records) $74,000
Description
A rare, design-elevated, luxury one bedroom home on the third floor of Adams Point's Van Buren Tower, a well-kept 1965 mid-century building with thirteen floors and sixty-eight units. This home has been remodeled top to bottom with no detail overlooked. The kitchen is finished with quartz counters, bar seating, custom cabinetry, and high-end fixtures and appliances. The bathroom is a standout, featuring designer tile, a luxury Hansgrohe shower system, and a custom dovetail-joined vanity. Thoughtful touches like designer drapery, custom closet systems, and a Yale keyless entry round out the home. Building amenities include key fob access, recently upgraded elevators, landscaped courtyards…