989 Franklin St #506
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 $31,740 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $1,965.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($15,400). 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 2026-08-20 — 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
- Upper floor (fl 5)
- In-unit W/D
- Garage parking
- HOA steady in this building (~2.4%/yr over 3yr)
⚠️ Cons
- 30% above model fair value
- Small (524 sf)
- Photos look dim — verify light in person
🚩 Red flags
- Only 1 photo — verify condition
Photos
Price history (this unit)
- Jul 30, 2026 — Listed $308,000
Description
Face to court yard nice condo in the heart of Chinatown newer building FRANKLIN 88 with roof deck! 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, gas stove, fresh paint and new high quality carpet floor makes this unit bright and comfortable! Lower HOA fee is only $529 includes 1 parking space and garbage, etc... Open house on Saturday & Sunday August 1, 2, 8, 9 at 11:00am-4:00pm.