35Overpriced
988 Franklin St #1111
Downtown Oakland, Oakland, CA · 94607
$540,000 57% above mkt
2 bd · 2 ba · 898 sqft · $601/sf
HOA $895/mo · Floor 11 · 66 days on market · built 1993
⚖️ Adjusted valueOverpricedasking is +23% over fair value
Model fair value · 17 sold comps · ±13%$443,267
vs model fair value · size · beds/baths · age · HOA · location+22%
Condition · White cabs/quartz; basic black appls+2%
Price history · ≈17% below its peak−1%
✅ Positives
- On market 66 days → some leverage
- Upper floor (fl 11)
- Garage parking
- HOA steady in this building (~1.7%/yr over 5yr)
⚠️ Cons
- 22% above model fair value
- HOA $895/mo
- Photos look dim — verify light in person
🚩 Red flags
- Listed BELOW its 2020 sale ($648k) → value eroding
Photos
Price history (this unit)
Trough $183,000 Sep 13, 1994Now $540,000Peak $649,000 Dec 28, 2019
Current list price is 17% below its peak · +195% above its trough.
- Jul 3, 2026 — Price Changed $540,000
- May 14, 2026 — Listed $560,000
- Jan 3, 2020 — Sold (MLS) $648,000
- Jan 3, 2020 — Sold (Public Records) $648,000
- Dec 28, 2019 — Listed $649,000
- Sep 13, 1994 — Sold (Public Records) $183,000
Description
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