377 Palm Ave #305
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
34% of that payment is not the mortgage. The HOA fee alone is $39,240 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,842.
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 2026-08-20 — 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 3 units of recorded sales at 377 Palm 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
- Upper floor (fl 3)
- In-unit W/D
- Garage parking
⚠️ Cons
- HOA $654/mo
- Older building (1970)
- Only 1 bath
🚩 Red flags
- Listed BELOW its 2016 sale ($535k) → value eroding
Photos
Price history (this unit)
- Aug 5, 2026 — Listed $449,000
- Jun 7, 2016 — Sold (MLS) $535,000
- Jun 7, 2016 — Sold (Public Records) $535,000
- Apr 27, 2016 — Listed $429,000
- Oct 2, 2007 — Sold (MLS) $315,000
- Sep 28, 2007 — Sold (Public Records) $315,000
Description
Have you been searching for the perfect condo by the lake? You may have just found it! The condo by the lake offers convenient access to almost any amenity you can think of, including coffee shops, restaurants, grocery stores, gyms, shopping, the farmers market, and the historic Grand Lake Theater. Located in the heart of Oakland's vibrant Adams Point, 377 Palm Ave is just 2 blocks from Lake Merritt and a few minutes from the beautiful Morcom Rose Garden. The building offers private off-street parking, as well as an intercom system for buzzing in guests. Unit #305 features 2 bedrooms and 1 bathroom with a split-bath layout and large windows that look out onto trees. The smart floor plan