989 Webster St #546
This is an income-restricted (BMR) resale. Its price is set by an income formula, not by the market, so the gap against normal comps is not equity you own — it is a restriction you inherit, with income limits to qualify and a formula price when you sell. Scoring it against market comps would flatter it enormously, so we don't score it at all.
💵What this unit actually costs per month
44% of that payment is not the mortgage. The HOA fee alone is $54,960 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,037.
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 · +3.2%/yrReconstructed from 9 units of recorded sales at 989 Webster St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues have held relatively steady (about +3.2%/yr over 2 years across 9 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
- 24% below model fair value
- 25% below its 2024 peak
- Upper floor (fl 5)
- Garage parking
⚠️ Cons
🚩 Red flags
- Income-restricted (BMR) resale — price set by an income formula, not the market; buyer income limits apply and the gap vs comps is not equity
- Still cutting price ($380k→$370k→$360k→$345k→$330k→$300k)
- HOA $916/mo — 3.7%/yr of the price
Photos
Price history (this unit)
- Sep 30, 2026 — Listed $300,000
- Jan 8, 2026 — Listed $330,000
- Oct 30, 2025 — Price Changed $345,000
- Sep 12, 2025 — Price Changed $360,000
- Jul 26, 2025 — Price Changed $370,000
- Jul 23, 2025 — Price Changed $380,000
Description
Below Market Rate Unit! Bright and turnkey 2 BD/2 BA condo located in the heart of Oakland Chinatown! This well-maintained home features fresh interior paint and a spacious, functional layout with views overlooking the courtyard. Conveniently located just steps from restaurants, shopping, BART, and AC Transit. Enjoy easy access to Lake Merritt and HWY I-880 & I-980. The secure building offers underground parking, 24/7 security, and a rooftop courtyard. An incredible opportunity to own in a vibrant and centrally located Oakland neighborhood!