551 Jean St #309
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
40% of that payment is not the mortgage. The HOA fee alone is $46,920 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,169.
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 · +11.1%/yrReconstructed from 8 units of recorded sales at 551 Jean St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 37% in 3 years — about +11.1%/yr across 8 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
- Low sticker
⚠️ Cons
- Smallest tier (564 sf)
- Ground floor
🚩 Red flags
- 28% above comps on $/sf
- HOA $690/mo
- Ground-floor security/privacy
Photos
Price history (this unit)
- Jul 10, 2026 — Listed $350,000
- Sep 19, 2000 — Sold (Public Records) $187,000
- Feb 1, 1990 — Sold (Public Records) $76,000
- Mar 25, 1988 — Sold (Public Records) $45,000
Description
Comfort, Convenience, and Location! Discover the wonderful blend of comfort, convenience, and vibrant neighborhood living in this freshly painted third-floor condominium just steps from the iconic Morcom Rose Garden. Filled with natural light, the open-concept floor plan features engineered wood flooring, an efficient all-electric kitchen with granite countertops, an expansive floor-to-ceiling hall closet, and a spacious private balcony accessed through a large dual-pane sliding door—perfect for relaxing or entertaining. The thoughtfully oriented carpeted bedroom enjoys a generous closet, and the bathroom features stone flooring with a shower-over-tub. Additional amenities include a gated…