50Fair price

650 Fargo Ave #1

ZIP 94579, San Leandro, CA · 94579

$497,000 ~at market (-1%)

3 bd · 2.5 ba · 1,180 sqft · $421/sf

HOA $632/mo · 🏢 fee history ↓ · Floor 1 · 57 days on market · built 1965

View on Redfin ↗🏢 This building's HOA ↓

⚖️ Adjusted valueFairly pricedasking is 1% under fair value

Model fair value · 2 sold comps · ±9%$515,600

vs model fair value · size · beds/baths · age · HOA · location−4%

Condition · Avg / verify in person0

Price history · at/near its all-time high+3%

📐 How this Deal Score was built50Fair price

Value gap · asking vs model fair value, after condition & price history+1.2

HOA burden · $632/mo = 1.53%/yr of price vs a 1.33% norm−1.6

Days on market · 57 days — not long enough to give you leverage0

Raw advantage · the three above, combined−0.4

Model confidence · weak — ±9% typical model error across 2 sold comps. The less certain the model, the harder the gap is pulled back toward neutral×0.6

Deal Score50/100

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

$3,973/mo all-in

20% down at 7.4% (this week's 30-year average) · mortgage + tax + insurance + HOA

Mortgage principal & interest$2,753

Property tax (1.30% effective)$538

Insurance (estimate)$50

HOA dues$632

Total monthly$3,973

Rough cash to close$111,825

31% of that payment is not the mortgage. The HOA fee alone is $37,920 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,341.

Financing type

Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($24,850). 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

Adjust the down payment & rate →Compare your Loan Estimates →

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 ($632 in 2026), not enough for a trend yet. The listing shows $632/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

On market 57 days → some leverage
In-unit W/D

⚠️ Cons

HOA $632/mo
Older building (1965)
Ground floor

🚩 Red flags

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Photos

Price history (this unit)

Trough $496,800 Sep 9, 2026Now $497,000Peak $497,000 Aug 15, 2026

Current list price is 0% below its peak · +0% above its trough.

Sep 9, 2026 — Price Changed $496,800
Aug 15, 2026 — Listed $497,000

Description

Welcome home to the stylish Willows townhomes where the low HOA fee covers your garbage, gas, and water bills! This bright, two-story end unit offers an updated, eat-in kitchen with granite countertops, loads of cabinet space and stainless appliances! It's been freshly painted with new installed closet doors and light fixtures. For ultimate convenience, this residence boasts a premium stackable washer and dryer, dedicated private parking and an exclusive patio perfectly suited for serene relaxation or entertaining. Community amenities include a private courtyard, children's playground, pool, hot tub and enchanting, lush garden walkways just steps from your door. Wonderful neighborhood and…

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