631 Ofarrell St #616
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
39% of that payment is not the mortgage. The HOA fee alone is $50,160 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,368.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($17,500). 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 2026-10-08 — 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
✅ Fairly steady · +5%/yrReconstructed from 31 units of recorded sales at 631 Ofarrell St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues have held relatively steady (about +5%/yr over 4 years across 31 units) — a good sign. Only the reserve study confirms the building is keeping up with its big-ticket repairs.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- 28% below model fair value
- Upper floor (fl 6)
- In-unit W/D
⚠️ Cons
- Small (480 sf)
- HOA $836/mo
- Older building (1930)
🚩 Red flags
Photos
Price history (this unit)
- Sep 10, 2026 — Listed $350,000
- Aug 11, 2024 — Rental Removed $2,100
- May 7, 2024 — Listed for Rent $2,100
- Apr 28, 2024 — Rental Removed $2,100
- Apr 10, 2024 — Listed for Rent $2,100
- Apr 10, 2024 — Rental Removed $2,100
Description
Set within The Hamilton, one of San Francisco's most storied Art Deco towers, this corner residence pairs 1930s architectural pedigree with a fully considered update. Built in the 1930s as a grand hotel whose guest register is said to have included Frida Kahlo, the building has carried that glamour into the present day. Unit 616 occupies a rare corner position, with dual exposures that flood the studio with natural light throughout the day and open onto sweeping city views and Twin Peaks. Recent updates throughout the kitchen and bath give the residence a clean, move-in-ready finish. The Hamilton offers amenities uncommon for a building of its vintage: a soaring lobby anchored by a grand…