250 King St #958
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
27% of that payment is not the mortgage. The HOA fee alone is $70,380 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $8,652.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($64,950). 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
🚩 Rising fast · +6.5%/yrReconstructed from 12 units of recorded sales at 250 King St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 21% in 3 years — about +6.5%/yr across 12 units of recorded sales, well above inflation. A rise this steep is a leading signal of a special assessment, a drained reserve fund, or an insurance shock. The listing never shows it; the building's documents are where the "why" lives.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- Upper floor (fl 9)
- In-unit W/D
- Garage parking
- Low HOA (1.1%/yr)
⚠️ Cons
- 15% above model fair value
- HOA $1173/mo
🚩 Red flags
- Very high HOA $1173/mo (full-service high-rise)
Photos
Price history (this unit)
- Sep 2, 2026 — Listed $1,348,000
Description
Sophisticated penthouse living awaits at The Beacon, one of Mission Bay's premier full-service communities, where sweeping Downtown and skyline views create a dramatic backdrop for this bright and spacious two-bedroom, two-bath residence. Expansive windows bathe the open living and dining areas in natural light, while the desirable split-bedroom floor plan provides an ideal balance of privacy and effortless entertaining. The well-appointed kitchen features rich cherry wood cabinetry, sleek black granite countertops, stainless steel appliances, abundant storage, and generous preparation space. Custom built-in cabinetry in both the living room and primary bedroom adds refined functionality…