565 Bellevue Ave #1903
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
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($79,950). 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
🚩 Rising fast · +8.6%/yrReconstructed from 24 units of recorded sales at 565 Bellevue Ave — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 51% in 5 years — about +8.6%/yr across 24 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
- Upper floor (fl 19)
⚠️ Cons
- 49% above model fair value
- Older building (1969)
🚩 Red flags
- HOA rising ~9%/yr in this building ($905/mo in 2021 → $1365)
- Only 2 photos — verify condition
Photos
Price history (this unit)
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Description
Discover true luxury living at Lake Merritt in this exceptional 2,150-square-foot residence, thoughtfully created by combining two units into one expansive home. The result is a beautifully spacious layout with soaring ceilings, generous storage, and oversized windows on every side, filling the home with natural light and showcasing sweeping city and Lake Merritt views. With three bedrooms and three bathrooms, there’s room to live, work, and entertain in comfort. The impressive building amenities include a swimming pool overlooking Lake Merritt, fitness center, club room, sauna, 24-hour security, and an enclosed parking garage. A rare opportunity to enjoy space, views, and resort-style…