988 Franklin St #601
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
37% of that payment is not the mortgage. The HOA fee alone is $50,700 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,732.
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
- On market 212 days → strong negotiating leverage
- Upper floor (fl 6)
- Garage parking
- HOA steady in this building (~1.2%/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)
- 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
Must come to see all the upgrades in this 2 bedroom, 2 bath condo. Includes 1 deeded parking spot within the building. Conveniently located in Oakland Chinatown, lots of restaurants, grocery stores, banks, doctor's offices, public transportation. Easy freeway access. Farmer's Market on Fridays.