989 Franklin St #307
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
36% of that payment is not the mortgage. The HOA fee alone is $31,800 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $1,957.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($14,400). 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 2026-10-08 — 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 · +2.4%/yrReconstructed from 11 units of recorded sales at 989 Franklin St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues have held relatively steady (about +2.4%/yr over 3 years across 11 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 92 days → strong negotiating leverage
- Upper floor (fl 3)
- In-unit W/D
- Garage parking
⚠️ Cons
- 21% above model fair value
- Small (533 sf)
- Photos look dim — verify light in person
🚩 Red flags
- Listed BELOW its 2016 sale ($378k) → value eroding
Photos
Price history (this unit)
- Jul 11, 2026 — Listed $288,000
- Nov 17, 2016 — Sold (Public Records) $378,000
- Nov 15, 2016 — Sold (MLS) $378,000
- Oct 30, 2016 — Listed $378,000
Description
Nice condo in the heart of Chinatown. Close to Restaurant, hospital, markets, subways/BART and bus stops! Elevator, courtyard and roof deck in this building. Laundry washer and dryer are in the unit, modern lights, granite counter tops and board floors! Lower HOA fee is only $495 includes 1 parking space! Open house on Sunday July 26 at 11:00pm-4:00pm.