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Stealpad › San Leandro, CA › ZIP 94578 › 385 Caliente Cir
385 Caliente Cir — 2 bd condo for sale in ZIP 94578, San Leandro
34Priced high

385 Caliente Cir

ZIP 94578, San Leandro, CA · 94578
$515,000 20% above mkt
2 bd · 2 ba · 1,060 sqft · $486/sf
HOA $565/mo · 🏢 fee history ↓ · 24 days on market · built 1980
⚖️ Adjusted valueOverpricedasking is +20% over fair value
Model fair value · 1 sold comps · ±9%$441,489
vs model fair value · size · beds/baths · age · HOA · location+17%
Condition · Avg / verify in person0
Price history · at/near its all-time high+3%
📐 How this Deal Score was built34Priced high
Value gap · asking vs model fair value, after condition & price history−24
HOA burden · $565/mo = 1.32%/yr of price vs a 1.33% norm — at or below normal, no charge0
Days on market · 24 days — not long enough to give you leverage0
Raw advantage · the three above, combined−24
Model confidence · weak — ±9% typical model error across 1 sold comps. The less certain the model, the harder the gap is pulled back toward neutral×0.6
Deal Score34/100

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

$4,026/mo all-in
20% down at 7.4% (this week's 30-year average) · mortgage + tax + insurance + HOA
Mortgage principal & interest$2,853
Property tax (1.30% effective)$558
Insurance (estimate)$50
HOA dues$565
Total monthly$4,026
Rough cash to close$115,875

29% of that payment is not the mortgage. The HOA fee alone is $33,900 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,461.

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 ($565 in 2026), not enough for a trend yet. The listing shows $565/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
  • In-unit W/D
  • Low HOA (1.3%/yr)
⚠️ Cons
  • 17% above model fair value
  • HOA $565/mo
🚩 Red flags
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Photos

Price history (this unit)

Trough $130,000 Oct 25, 1989Now $515,000Peak $515,000 Sep 17, 2026
Current list price is 0% below its peak · +296% above its trough.
  • Sep 17, 2026 — Listed $515,000
  • May 12, 2015 — Sold (MLS) $326,000
  • May 12, 2015 — Sold (Public Records) $326,000
  • Mar 13, 2015 — Listed $299,000
  • Apr 3, 2009 — Sold (MLS) $190,000
  • Dec 18, 2008 — Price Changed $194,900

Description

Welcome to 385 Caliente Cir, a beautifully fully renovated residence located in the Floresta Garden Condominium Community. This move-in-ready home features a bright and inviting interior with modern finishes, updated flooring, refreshed living spaces, and a clean contemporary design throughout. The functional layout offers comfortable everyday living with plenty of natural light and thoughtfully updated details. The property also includes 1 assigned parking space with a private storage unit located directly in front of the parking space, adding extra convenience and functionality. Enjoy a super convenient location with easy access to shopping, dining, everyday essentials, and major commuter…

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