461 2nd St Unit 253T
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
34% of that payment is not the mortgage. The HOA fee alone is $49,140 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
We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($819 in 2026), not enough for a trend yet. The listing shows $819/mo today. Upload its HOA docs and we'll build the full reserve & special-assessment report — free.
🏢 Get this building's free HOA report →✅ Positives
- On market 65 days → some leverage
⚠️ Cons
- Small (487 sf)
- HOA $819/mo
- Older building (1907)
🚩 Red flags
Photos
Price history (this unit)
- Aug 7, 2026 — Listed $499,000
Description
Experience authentic loft living in the iconic ClockTower building. This stylish studio residence showcases soaring ceilings, exposed brick and timber, and a clever Murphy bed that transforms the space from an inviting entertaining area into a comfortable bedroom. An additional sleeping loft provides flexible space for guests, a home office, or storage. The modern kitchen and updated bath complement the building's historic character, while quadruple-pane windows provide exceptional comfort in the heart of the city. Complete with parking, * this home offers the perfect blend of industrial charm, modern comfort, and unbeatable convenience to Downtown, SoMa, the Embarcadero, and major…