565 Bellevue Ave #806
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
36% of that payment is not the mortgage. The HOA fee alone is $81,900 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $5,019.
FHA approval has expired on this project. An FHA buyer cannot use it today, and the fact that it once qualified and then stopped is worth asking the board about. Plan on a conventional loan — 5% down at the very least.
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
🚩 Rising fast · +8.6%/yrReconstructed from 23 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 23 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
- 33% below its 2021 peak
- Upper floor (fl 8)
- Garage parking
⚠️ Cons
- HOA $1365/mo
- Older building (1969)
🚩 Red flags
- HOA rising ~9%/yr in this building ($905/mo in 2021 → $1365)
- Very high HOA $1365/mo (full-service high-rise)
- Listed BELOW its 2021 sale ($1096k) → value eroding
Photos
Price history (this unit)
- Aug 21, 2026 — Listed $799,000
- Nov 23, 2021 — Sold (MLS) $1,095,950
- Nov 5, 2021 — Price Changed $1,095,950
- Sep 18, 2021 — Listed $1,199,950
- Jan 26, 2017 — Sold (MLS) $875,000
- Nov 22, 2016 — Price Changed $875,000
Description
The seller says SELL! Don't miss this exceptional opportunity to own a fully renovated luxury view condo in the iconic Park Bellevue Tower. Previously listed at for more than a $100,000 higher earlier this year! This beautifully updated residence features gorgeous hardwood floors, custom light filled-filled open kitchen, and a spacious primary suite with generous closet space. Park Bellevue has an impressive collection of amenities including 24-hour front door security, swimming pool with deck overlooking Lake Merritt, sauna, fitness center and club room. This is true luxury living at its best!!