65 Ora Way Unit 101C
This is an income-restricted (BMR) resale. Its price is set by an income formula, not by the market, so the gap against normal comps is not equity you own — it is a restriction you inherit, with income limits to qualify and a formula price when you sell. Scoring it against market comps would flatter it enormously, so we don't score it at all.
💵What this unit actually costs per month
38% of that payment is not the mortgage. The HOA fee alone is $53,880 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,692.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($19,950). 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 · +8.1%/yrReconstructed from 4 units of recorded sales at 65 Ora Way — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 37% in 4 years — about +8.1%/yr across 4 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
- Best $/sf of 4 tracked in Sf District 4
- 32% below model fair value
- In-unit W/D
- Garage parking
⚠️ Cons
- HOA $898/mo
- Ground floor
🚩 Red flags
- HOA rising ~8%/yr in this building ($655/mo in 2022 → $896)
- Income-restricted (BMR) resale — price set by an income formula, not the market; buyer income limits apply and the gap vs comps is not equity
Photos
Price history (this unit)
- Sep 2, 2026 — Listed $399,000
Description
1 bedroom Below Market Rate (BMR) housing opportunity available at 120% Area Median Income (AMI). Maximum income for 1 person = $136,150; 2 people = $155,650; 3 = $175,100; 4 = $194,500, etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing. sfgov. org) starting on the application date, 9/2/2026. Visit https://housing. sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 9/23/2026 at 5:00 PM. Open house dates…