988 Franklin St #1111
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
35% of that payment is not the mortgage. The HOA fee alone is $53,700 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,282.
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 · +1.2%/yrReconstructed from 21 units of recorded sales at 988 Franklin St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues have held relatively steady (about +1.2%/yr over 5 years across 21 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
- 25% below its 2019 peak
- On market 150 days → strong negotiating leverage
- Upper floor (fl 11)
- Garage parking
⚠️ Cons
- 15% 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)
- 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
Only $495K for beautiful remodeled big 2bed 2bath condo with new kitchen appliances located in the heart of Chinatown. Spacious and bright living room with elegant double curtains! Built in 1993 high raise building with elevators, big windows make this unit very bright! Security building with one garage parking. Near BART, same building has bank, restaurants, library, and health center. Big roof garden. Laundry room is in the same floor. HOA fee includes cold and hot water, garbage, security and building insurance, etc....Open house on Sunday July 26 at 11:00am-4:00pm.