322 Hanover Ave #511
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 $44,700 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $4,355.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($32,500). 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
2 recorded pointsReconstructed from 7 units of recorded sales at 322 Hanover Ave — every recorded sale carries its HOA fee and date. No listing site shows this.
We have a few recorded HOA fees for this building but not yet enough to call a reliable trend, so these are the raw points — no rate implied. Its documents fill in the reserve health and assessment risk.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- Top (5th) floor — best views/light/quiet
- True 2/2; brand-new listing
⚠️ Cons
- Priciest of all 24
- 16% above comps
- HOA $745
🚩 Red flags
Photos
Price history (this unit)
- Jun 27, 2026 — Listed $650,000
- Jun 26, 2026 — Listed $650,000
- Jul 11, 2024 — Rental Removed $3,000
- Jun 29, 2024 — Listed for Rent $3,000
- Sep 10, 2015 — Sold (MLS) $630,000
- Sep 10, 2015 — Sold (Public Records) $630,000
Description
Top-floor living with city/mountain view, just two blocks from the energy and beauty of Lake Merritt. 1,037 square foot condo with 2 Bedrooms (1 primary suite), and 2 bathrooms (both with dual sinks, granite counter, and shower over tub). The updated kitchen has sleek black cabinets, quartz counters, breakfast bar, stainless steel appliances and recessed lights. The living room offers a cozy fireplace, wood floors, and a private balcony for enjoying the view. Set within a secure, elevator building, it also includes the everyday convenience of in-unit laundry, and a dedicated parking space in the underground garage and guest parking spaces. Central location to major commute routes. Don't…