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Stealpad › Oakland, CA › Piedmont Avenue › 590 El Dorado Ave #214
590 El Dorado Ave #214 — 1 bd condo for sale in Piedmont Avenue, Oakland
39Priced high

590 El Dorado Ave #214

Piedmont Avenue, Oakland, CA · 94611
$425,000 ~at market (+7%)
1 bd · 1 ba · 803 sqft · $529/sf
HOA $620/mo · 🏢 fee history ↓ · Floor 2 · 31 days on market · built 1972
⚖️ Adjusted valueFairly pricedasking is +7% over fair value
Model fair value · 11 sold comps · ±15%$388,304
vs model fair value · size · beds/baths · age · HOA · location+9%
Condition · Updated kitchen; carpet+wall heater0
Price history · ≈19% below its peak−2%
📐 How this Deal Score was built39Priced high
Value gap · asking vs model fair value, after condition & price history−8.4
HOA burden · $620/mo = 1.75%/yr of price vs a 1.33% norm−3.4
Days on market · 31 days — not long enough to give you leverage0
Raw advantage · the three above, combined−11.8
Model confidence · moderate — ±15% typical model error across 11 sold comps. The less certain the model, the harder the gap is pulled back toward neutral×0.8
Deal Score39/100

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

$3,485/mo all-in
20% down at 7.4% (this week's 30-year average) · mortgage + tax + insurance + HOA
Mortgage principal & interest$2,354
Property tax (1.30% effective)$460
Insurance (estimate)$50
HOA dues$620
Total monthly$3,485
Rough cash to close$95,625

32% of that payment is not the mortgage. The HOA fee alone is $37,200 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,865.

Financing type

Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($21,250). 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

We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($620 in 2026), not enough for a trend yet. The listing shows $620/mo today. Upload its HOA docs and we'll build the full reserve & special-assessment report — free.

🏢 Get this building's free HOA report →
✅ Positives
  • Decent size (803 sf)
  • Lower HOA ($620/mo); Piedmont Ave
  • On market 93 days → some leverage
⚠️ Cons
  • 28% above comps
  • Cut $499k→$475k
🚩 Red flags
  • Below its 2019 sale ($525k)

Photos

Price history (this unit)

Trough $425,000 Sep 10, 2026Now $425,000Peak $525,000 May 3, 2019
Current list price is 19% below its peak · +0% above its trough.
  • Sep 10, 2026 — Listed $425,000
  • May 3, 2019 — Sold (MLS) $525,000
  • Apr 17, 2019 — Listed $479,900

Description

)H 9.12 from 12 to 2 PM this weekend. Text or Call Sevak Jamkochian at 925-286-3834 for access! 1 BR, 1 BA unit in the coveted and recently fully renovated 590 Eldorado Condominium complex! Bright, open and airy on the second floor, this unit offers so many contemporary upgrades. Modern shaker cabinets throughout with quartz counters and newer stainless fixtures and appliances. Kitchen has a large peninsula island with room for bar stools and overlooks the living room and patio views. A spacious bedroom has an abundance of both bedroom and hall storage closets! The bathroom features a separate sink area and a shower-over-bathtub. Wood laminate, newer carpeting and tile throughout. Parking…

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