567 Oakland Ave #211
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
37% of that payment is not the mortgage. The HOA fee alone is $34,680 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,023.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($14,900). 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 · +12.9%/yrReconstructed from 8 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 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
- 14% below model fair value
- Garage parking
⚠️ Cons
- HOA $578/mo
- Older building (1970)
🚩 Red flags
- HOA rising ~13%/yr in this building ($402/mo in 2023 → $578)
- Listed BELOW its 2016 sale ($375k) → value eroding
Photos
Price history (this unit)
- Sep 30, 2026 — Listed $298,000
- Nov 23, 2016 — Sold (MLS) $375,000
- Nov 23, 2016 — Sold (MLS) $375,000
- Nov 23, 2016 — Sold (Public Records) $375,000
- Sep 6, 2016 — Listed $375,000
- Sep 6, 2016 — Listed $375,000
Description
Do you want easy living in a well-maintained home that is close to Oakland’s best shops, restaurants, and movie theaters? If you answered “yes,” 567 Oakland Avenue #211 is the one for you! This 1-bedroom/1-bathroom condo is ideally situated in Oakland’s Rose Garden neighborhood, near the Piedmont Avenue, Grand Lake, and Lakeshore business districts. Did we mention the closet space? The 741-square-foot home features a large walk-in closet off the bedroom, a foyer coat closet, and a hallway linen closet, in addition to ample cabinet space in the kitchen. The two-room bathroom features double sinks, each with its own vanity, plus upper and lower built-in cabinets. Want private outdoor space?…