388 Fulton St #610
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
30% of that payment is not the mortgage. The HOA fee alone is $34,620 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,355.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($24,950). 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 · +7.4%/yrReconstructed from 6 units of recorded sales at 388 Fulton St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 24% in 3 years — about +7.4%/yr across 6 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 6)
- In-unit W/D
- Low HOA (1.4%/yr)
- Newer build (2016)
⚠️ Cons
- 38% above model fair value
- Small (347 sf)
- HOA $577/mo
🚩 Red flags
Photos
Price history (this unit)
- Sep 8, 2026 — Listed $499,000
Description
Bring your toothbrush and wardrobe, everything else you need awaits at this tricked-out turnkey studio condo home perched above Hayes Valley at Fulton & Gough. Enjoy evening sunsets out the west-facing windows and 24/7 enjoy the perfect location in the building - far from the trash chute, short stroll to the elevator, but far enough not to hear it. First-time buyer or pied-a-terre? Moving in is as easy as showing up thanks to extensive built-ins and upgrades: electric articulating queen murphy bed with pull-out nightstands, built-in desk, two filing drawer stacks, bookshelf, lights. Built-in media & storage center that swallows your storage problem whole with flat panel TV included. Miele…