389 Belmont St #103
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
37% of that payment is not the mortgage. The HOA fee alone is $45,120 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,575.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($20,300). 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 2026-08-20 — 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
3 recorded pointsReconstructed from 6 units of recorded sales at 389 Belmont St — 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
- Spacious livable layout (900 sf, separate dining)
- Fireplace, in-unit W/D, balcony peekaboo lake view, secure garage
⚠️ Cons
- 23% above comps
- Dated interior behind nice staging (original galley kitchen, carpet)
- 1st floor faces brick courtyard (limited light)
🚩 Red flags
- Bizarre $209k "sold" 4/29/26 — investigate the deed (non-arm’s-length?)
- Highest 1bd HOA ($752); still below its 2006 price
Photos
Price history (this unit)
- Jul 22, 2026 — Price Changed $418,000
- Jul 7, 2026 — Price Changed $439,000
- May 27, 2026 — Listed $468,000
- Sep 13, 1990 — Sold (Public Records) $115,000
- Jan 19, 1990 — Sold (Public Records) $467,000
- Mar 31, 1987 — Sold (Public Records) $3,375,000
Description
Move-in ready condo in the sought-after Belmont Staten, just moments from the shores of Lake Merritt in Oakland’s desirable Adams Point neighborhood. Walk to the Saturday Grand Lake Farmers Market, grab coffee on Grand Avenue, enjoy dinner along Lakeshore, and end your day with sunset strolls around Lake Merritt—all from the comfort of your secure Adams Point home. Offering approximately 900 square feet of thoughtfully designed living space, this inviting residence features a spacious living room with a cozy fireplace, a large private balcony with peekaboo views of Lake Merritt and the Oakland Hills, and an updated kitchen with stone countertops. Fresh interior paint and modern