60 Rausch St #205
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 $43,080 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $6,138.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($48,950). 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 2026-08-20 — 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 60 Rausch 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
- 16% below model fair value
- In-unit W/D
- Garage parking
- Low HOA (0.9%/yr)
⚠️ Cons
- HOA $718/mo
- Photos look dim — verify light in person
🚩 Red flags
- Live/work loft — workspace-heavy sqft and a thinner buyer pool inflate the apparent discount vs regular condo comps
Photos
Price history (this unit)
- Aug 20, 2026 — Listed $979,000
- May 20, 2013 — Sold (MLS) $759,000
- Jan 11, 2013 — Listed $769,000
- Nov 14, 2002 — Sold (Public Records) $575,000
Description
You can own an exceptional warehouse-conversion live/work loft in the heart of SOMA. Nestled within the iconic Mullen Buildingdesigned by renowned San Francisco architect George Hauserthis expansive loft blends historic charm with modern industrial style. The dramatic open floor plan features soaring ceilings, abundant natural light, radiant-heated concrete floors, and endless versatility. Whether envisioned as a two-bedroom residence or a dynamic workspace with multiple offices, this loft adapts to your needs. Highlights include a sleek kitchen with granite countertops and stainless steel appliances, ample closet and storage space, in-unit washer/dryer, fresh air intake ventilation, and two