320 Lee St #702
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 $59,640 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $4,348.
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
- 28% below its 2022 peak
- Upper floor (fl 7)
- Garage parking
⚠️ Cons
- 16% above model fair value
- HOA $994/mo
- Older building (1965)
🚩 Red flags
- Listed BELOW its 2022 sale ($905k) → value eroding
Photos
Price history (this unit)
- Sep 16, 2026 — Listed $649,000
- May 4, 2022 — Sold (MLS) $905,000
- May 4, 2022 — Sold (Public Records) $905,000
- Mar 22, 2022 — Listed $799,000
- May 21, 2019 — Sold (MLS) $653,000
- May 21, 2019 — Sold (MLS) $653,000
Description
Stunning, fully renovated 2BR/2BA in the iconic Van Buren Tower, Adams Point's premier mid-century high-rise. Unit 702 offers nearly 260-degree views of Lake Merritt, downtown Oakland's skyline, and the Oakland/Berkeley hills through floor-to-ceiling windows in every room. Fully permitted renovation includes a chef's kitchen with Bertazzoni induction/convection range, high-end refrigerator, stone counters, and sensor faucet, arguably the best kitchen in the building's "02" line. Primary suite features an expanded walk-in closet and fully rebuilt bath; hall bath also renovated with new vanity, fixtures, flooring, and LED mirror. Smart locks, smart lighting, automated blinds, and upgraded…