77 Fairmount Ave #220
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 $50,760 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,469.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($19,450). 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
2 recorded pointsReconstructed from 9 units of recorded sales at 77 Fairmount Ave — every recorded sale carries its HOA fee and date. No listing site shows this.
We have a few recorded HOA fees for this building but not yet enough to call a reliable trend, so these are the raw points — no rate implied. Its documents fill in the reserve health and assessment risk.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- 33% below model fair value
- On market 204 days → strong negotiating leverage
- Garage parking
⚠️ Cons
- HOA $846/mo
- Older building (1970)
- Photos look dim — verify light in person
🚩 Red flags
Photos
Price history (this unit)
- Apr 24, 2026 — Price Changed $389,000
- Feb 5, 2026 — Listed $399,000
- Oct 7, 2024 — Rental Removed $2,500
- Aug 7, 2024 — Price Changed $2,500
- Jul 24, 2024 — Price Changed $2,695
- Jul 14, 2024 — Listed for Rent $2,995
Description
Terrific investment opportunity in Adams Point! Tenants in place and paying rent! Lovely two bedroom, two bath condominium home in Adams Point. Featuring granite counters, stainless steel appliances and updated baths. Very large bedrooms. Lovely view overlooking the pool and downtown Oakland.