565 Bellevue Ave #2403
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
38% of that payment is not the mortgage. The HOA fee alone is $73,500 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,686.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($27,450). 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 24)
- Garage parking
⚠️ Cons
- HOA $1225/mo
- Older building (1969)
- Photos look dim — verify light in person
🚩 Red flags
- HOA rising ~9%/yr in this building ($905/mo in 2021 → $1365)
- Very high HOA $1225/mo (full-service high-rise)
Photos
Price history (this unit)
- Oct 2, 2026 — Listed $549,000
- Mar 16, 2012 — Sold (Public Records) $329,000
- May 23, 2006 — Sold (Public Records) $456,000
- Nov 1, 1996 — Sold (Public Records) $139,000
Description
Corner Unit with Sweeping Lake Merritt & Oakland Views Make every day feel like a vacation at the iconic Park Bellevue Tower overlooking Lake Merritt. This stunning 1-bedroom, 2-bath corner residence on the 24th floor features walls of windows, abundant natural light, and spectacular panoramic views of Lake Merritt, the downtown Oakland skyline, and the Oakland Hills. Enjoy breathtaking sunsets from the comfort of home. Park Bellevue Tower offers an exceptional array of amenities, including a 24-hour doorperson, covered pool overlooking Lake Merritt, sauna, clubhouse, fitness center, and elegant lobby. The location is hard to beat, with easy access to major freeways, Whole Foods, Trader…