567 Oakland Ave #104
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 $35,220 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $1,791.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($14,000). 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 2026-08-20 — 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 · +12.9%/yrReconstructed from 6 units of recorded sales at 567 Oakland Ave — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 44% in 3 years — about +12.9%/yr across 6 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
- 21% below model fair value
- In-unit W/D
- Garage parking
⚠️ Cons
- HOA $587/mo
- Older building (1970)
- Ground floor
🚩 Red flags
- HOA rising ~13%/yr in this building ($402/mo in 2023 → $579)
Photos
Price history (this unit)
- Aug 6, 2026 — Listed $280,000
- May 28, 1999 — Sold (MLS) $80,000
- May 11, 1999 — Sold (Public Records) $80,000
- Apr 1, 1999 — Listed $80,000
- Dec 31, 1992 — Sold (Public Records) $64,000
- Jul 3, 1985 — Sold (Public Records) $50,000
Description
Spacious one-bedroom condo in a well-maintained, secure building with a designated parking spot in the desirable Grand Lake neighborhood of Oakland! This corner unit features a balcony perfect for relaxing. Ample cabinet space, a walk-in closet, and a pantry provide plenty of storage. The building offers a luxurious waiting area in the entrance. Enjoy the convenience of walking to Piedmont Avenue's shops and entertainment.