427 Lagunitas 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
31% of that payment is not the mortgage. The HOA fee alone is $34,860 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,990.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($22,200). 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
We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($576 in 2026), not enough for a trend yet. The listing shows $581/mo today. Upload its HOA docs and we'll build the full reserve & special-assessment report — free.
🏢 Get this building's free HOA report →✅ Positives
- Top floor — no one above (quiet, light)
- Low HOA (1.4%/yr)
- Nice glassed lobby, wood-burning fireplace + balcony
⚠️ Cons
- Smallish (643 sf)
- Dated common areas (carpeted corridors)
🚩 Red flags
- WORST $/sf of all 24 (76% above comps)
- Hero photo flagged "Digitally Altered"
Photos
Price history (this unit)
- Sep 15, 2026 — Listed $444,000
- Nov 3, 2017 — Sold (MLS) $495,000
- Nov 3, 2017 — Sold (Public Records) $495,000
- Sep 22, 2017 — Listed $449,000
- Jun 23, 2015 — Sold (MLS) $450,000
- Jun 23, 2015 — Sold (Public Records) $450,000
Description
Welcome to this cozy 1-bedroom, 1-bath condo just 0.4 miles from Lake Merritt. Featuring an open floor plan, private balcony, and rooftop deck with spectacular 360-degree views of Lake Merritt, the Oakland Hills, Grand Lake Theatre sign, and cityscape. With a 99/100 Walk Score, Lake Merritt, Grand Lake Farmers Market, Grand Lake Theatre, Trader Joe’s, restaurants, coffee, and shops are all within easy walking distance. I-580 and Downtown Oakland are nearby, with convenient access to BART. Includes one garage parking space plus street parking.