2040 Franklin St #509
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 $96,960 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $5,336.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($42,500). 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
2 recorded pointsReconstructed from 4 units of recorded sales at 2040 Franklin St — every recorded sale carries its HOA fee and date. No listing site shows this.
We have a few recorded HOA fees for this building but not yet enough to call a reliable trend, so these are the raw points — no rate implied. Its documents fill in the reserve health and assessment risk.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- Best $/sf of 13 tracked in Sf District 7
- 38% below model fair value
- Upper floor (fl 5)
- Garage parking
⚠️ Cons
- HOA $1616/mo
- Older building (1966)
🚩 Red flags
- Very high HOA $1616/mo (full-service high-rise)
Photos
Price history (this unit)
- Aug 19, 2026 — Listed $850,000
Description
This condo presents a unique chance to embrace a refined urban lifestyle in one of The City's most desirable locations (at a price well below its neighbors). This 2-bedroom 2 bath apartment, has two private outdoor spaces totally over 300 square feet. One is over 280 square feet alone while the other overlooks the beautifully historic Haas-Lilienthal House. Back inside, the condo has new floors throughout and a fresh coat of paint, while the kitchen and bathrooms are ready for the new owners' personal touches. Jackson Tower is located at the intersection of Pacific Heights, Cow Hollow, Nob Hill, and Russian Hill and has something to offer for everyone. Shopping, restaurants, and bars are jus