50Fair price
988 Franklin St #601
Downtown Oakland, Oakland, CA · 94607
$425,000 48% above mkt
2 bd · 2 ba · 750 sqft · $567/sf
HOA $845/mo · Floor 6 · 128 days on market · built 1993
⚖️ Adjusted valueOverpricedasking is +13% over fair value
Model fair value · 17 sold comps · ±13%$396,163
vs model fair value · size · beds/baths · age · HOA · location+7%
Condition · White appliances, coil range; dated+4%
Price history · ≈6% below its peak+2%
✅ Positives
- On market 128 days → strong negotiating leverage
- Upper floor (fl 6)
- Garage parking
- HOA steady in this building (~1.7%/yr over 5yr)
⚠️ Cons
- HOA $845/mo
- Photos look dim — verify light in person
🚩 Red flags
- Still cutting price ($450k→$439k→$425k)
- Listed BELOW its 2025 sale ($440k) → value eroding
Photos
Price history (this unit)
Trough $157,500 Dec 16, 1998Now $425,000Peak $450,000 Mar 13, 2026
Current list price is 6% below its peak · +170% above its trough.
- Apr 25, 2026 — Price Changed $425,000
- Apr 1, 2026 — Price Changed $438,500
- Mar 13, 2026 — Listed $450,000
- Jan 2, 2025 — Sold (MLS) $440,000
- Dec 6, 2024 — Sold (Public Records) $440,000
- Nov 5, 2024 — Listed $450,000
Description
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