585 9th St #551
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
26% of that payment is not the mortgage. The HOA fee alone is $29,280 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $4,017.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($29,950). 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
✅ Fairly steady · +5.1%/yrReconstructed from 10 units of recorded sales at 585 9th St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues have held relatively steady (about +5.1%/yr over 3 years across 10 units) — a good sign. Only the reserve study confirms the building is keeping up with its big-ticket repairs.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- On market 45 days → some leverage
- Upper floor (fl 5)
- Garage parking
- Low HOA (1%/yr)
⚠️ Cons
- 23% above model fair value
🚩 Red flags
- Listed BELOW its 2018 sale ($750k) → value eroding
Photos
Price history (this unit)
- Aug 27, 2026 — Listed $599,000
- Jan 11, 2018 — Sold (Public Records) $750,000
Description
Experience the best of Downtown Oakland living in this bright and inviting 2-bedroom, 2-bath condo, offering an open-concept floor plan, thoughtful bedroom separation, and an impressive array of community amenities. The light-filled living and dining area features French doors that open to a private balcony with views of the surrounding downtown neighborhood. The adjoining galley kitchen offers sleek cabinetry, stainless steel appliances, pantry storage, and a convenient eat-in bar, creating a seamless connection to the main living space for both everyday living and entertaining. The two bedrooms are thoughtfully positioned on opposite sides of the living area for added privacy. The…