850 Powell St #602
This unit is asking far less than comparable sales — so much less that the gap is more likely something we cannot see from the listing than equity you would own: a deed restriction, a TIC or shared-ownership form, a leasehold, or a unit that is not really comparable to the homes it was measured against. A discount that large is usually a reason, not a bargain. We would rather tell you we cannot verify it than sell you a number.
💵What this unit actually costs per month
33% of that payment is not the mortgage. The HOA fee alone is $143,640 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $9,950.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($74,750). 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 ($2,394 in 2026), not enough for a trend yet. The listing shows $2,394/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
- Upper floor (fl 6)
⚠️ Cons
- HOA $2394/mo
- Photos look dim — verify light in person
🚩 Red flags
- Very high HOA $2394/mo (full-service high-rise)
Photos
Price history (this unit)
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Description
Residence 602 is a stately three-bedroom, two-and-a-half-bath condominium in one of Nob Hill's finest prewar buildings, directly across from the Fairmont, two blocks from Huntington Park and Grace Cathedral. North-facing picture windows frame Russian Hill, the Transamerica Pyramid and Bay views, and new half-inch glass mutes the sounds of the city. The kitchen, second bedroom and den open south onto the courtyard for direct afternoon sun. The craftsmanship was meant to endure. Nine-foot ceilings run through the main rooms, an original coffered ceiling with leafing and rosettes crowns the dining room, and built-in shelving flanks a wood-burning fireplace. The kitchen is large and bright…