NOT LISTED FOR SALE

M2i 1050 Island Ave Unit 424 San Diego, CA 92101

East Village Neighborhood

Estimated Value: $555,000 - $635,000

1 Bed
1 Bath
894 Sq Ft
$450/mo HOA Fee

Last Sold January 20, 2023

Last sale price $553,500 $619 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,209/month

65 Days on Market

Highlights

  • Laundry closet
  • 2-minute walk to Park And Market
  • Dining Area
  • Family Room
  • Gated Home
  • 4-minute walk to Fault Line Park

About This Home

As of January 2023

A modern industrial contemporary unit at M2i, a highly desirable unit to own in downtown San Diego, it is known for its 11 ft. cement exposure ceiling, a floor to ceiling windows that looks out to the serene central courtyard with tropical landscaping. Wood planks floor throughout the unit, spacious and open floor plan with characteristics of loft-style living. The kitchen opens to the living room and dining room with a Venetian plaster wall with some accent lighting, stainless steel appliances, a gas cooktop stove with stainless steel vent hood, and a perfect match of mosaic glass backsplash. Spacious master bedroom with huge L shape walk-in closet. Upgraded bathroom, with single vanity and walk-in stand-up shower. Washer and dryer stacked up in a closet. M2i has two entrances this unit has access to the south entrance, The gym can be access at the northwest entrance on 10th Ave. Rooftop located with barbeque grill and seating area located on the 7th floor.

Last Agent to Sell the Property

Leo Esguerra

Palisade Realty Inc License #01991769 Listed on: 11/03/2022

Palisade Realty Inc

Last Buyer's Agent

Kalinda Smith

Westwind Realty License #01224940

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,134

Year Built

  • Built in 2005

Lot Details

  • 0.95

HOA Fees

  • $450 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Home Design

  • Entry on the 1st floor
  • Concrete Roof

Interior Spaces

  • 894 Sq Ft Home
  • Family Room
  • Dining Area

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Stacked Washer and Dryer

Additional Features

  • Gated Home
  • Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 535-122-19-51

Community Details

Overview

  • Association fees include common area maintenance, exterior (landscaping), exterior bldg maintenance, sewer, trash pickup, water
  • 230 Units
  • M2i Association, Phone Number (619) 255-7682
  • M2i Community
  • 7-Story Property

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,134

Year Built

Built in 2005

Lot Details

0

HOA Fees

$450 per month

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Attached
  • Residential Styles: All Other Attached
  • Market Area: Metro Central
  • Cross Street: Island and 10th
  • Neighborhood: East Village
  • Supplement: Washer and dryer stacked up in a closet. M2i has two entrances this unit has access to the south entrance, The gym can be access at the northwest entrance on 10th Ave. Rooftop located with barbeque grill and seating area located on the 7th floor.
  • LP / Sq Ft: 625.28
  • Price Per Sq Ft: 619.13
  • SP/ Sq Ft: 619.13
  • Stories: 1 Story
  • Stories In Building: 7
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Equipment Available: Dishwasher, Gas Stove
  • Searchable Rooms: Dining Area, Family Room
  • Total Bedrooms: 1
  • Bedrooms: 1
  • Master Bedroom Dimensions: 12x11
  • Full Bathrooms: 1
  • Laundry Location: Closet Stacked
  • Estimated Sq Ft: 894
  • Total Bathrooms: 1

Exterior Features

  • Exterior Material: Block
  • Fencing: Gate
  • Roof: Concrete

Garage/Parking

  • Garage Details: Assigned
  • Garage Spaces: 1
  • Parking Spaces Total: 1

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Electric
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Forced Air Unit
  • Heating Fuel: Electric

Condo/Co-op/Association

  • Complex Name: M2i
  • Pets Allowed: Allowed w/Restrictions
  • Units In Building: 230
  • Total Number of Units: 130
  • Community: DOWNTOWN
  • Home Owner Association: M2i
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior (Landscaping), Exterior Bldg Maintenance, Sewer, Trash Pickup, Water
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 449.52
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 619-255-7682

Association/Amenities

  • Entry Level Unit: 1

Fee Information

  • Total Monthly Fees: 450

Lot Info

  • Lot Size: 0 (Common Interest)
  • Topography: Level
  • Assessor Parcel Number: 535-122-19-51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2021
Closed on
Apr 23, 2021
Sold by
Revenco Sergiu
Bought by
Whynot Matthew Robert
Seller's Agent
Curt Johnson
Century 21 Affiliated
Buyer's Agent
Leo Esguerra
Palisade Realty, Inc
List Price
$489,000
Sold Price
$500,000
Premium/Discount to List
$11,000
2.25%
Current Estimated Value
$596,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,070
Avg. Annual Appreciation
4.00%
Original Mortgage
$395,000
Outstanding Balance
$356,923
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$239,147

Purchase Details

Closed on
Jun 4, 2014
Sold by
Sherman Sam G and Sherman Lauren D
Bought by
Revenco Sergiu

Purchase Details

Closed on
Apr 7, 2014
Sold by
Sherman Sam G
Bought by
Sherman Sam G and Sherman Lauren D

Purchase Details

Closed on
Sep 23, 2005
Sold by
Citymark M2i Llc
Bought by
Sherman Sam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,250
Interest Rate
6.28%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Whynot Matthew Robert $500,000 Ticor Title San Diego Branch
Revenco Sergiu $400,000 Corinthian Title Company
Sherman Sam G -- None Available
Sherman Sam $380,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whynot Matthew Robert $395,000
Previous Owner Sherman Sam $57,000
Previous Owner Sherman Sam $304,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/20/2023 01/20/23 Sold $553,500 -4.7% $619 / Sq Ft
01/08/2023 01/08/23 Pending -- -- --
12/30/2022 12/30/22 Price Changed $580,999 -1.5% $650 / Sq Ft
12/19/2022 12/19/22 Price Changed $589,999 -1.7% $660 / Sq Ft
11/26/2022 11/26/22 Price Changed $599,999 -3.2% $671 / Sq Ft
11/03/2022 11/03/22 For Sale $619,999 +24.0% $694 / Sq Ft
04/26/2021 04/26/21 Sold $500,000 +2.2% $559 / Sq Ft View Prior Sale
03/25/2021 03/25/21 Pending -- -- --
03/20/2021 03/20/21 For Sale $489,000 -- $547 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,134 $575,861 $364,140 $211,721
2024 $7,134 $564,570 $357,000 $207,570
2023 $6,565 $520,200 $260,100 $260,100
2022 $6,387 $510,000 $255,000 $255,000
2021 $5,563 $444,125 $111,030 $333,095
2020 $5,491 $439,572 $109,892 $329,680
2019 $5,388 $430,954 $107,738 $323,216
2018 $5,039 $422,505 $105,626 $316,879
2017 $82 $414,221 $103,555 $310,666
2016 $4,831 $406,100 $101,525 $304,575
2015 $4,755 $400,000 $100,000 $300,000
2014 $4,778 $395,000 $103,000 $292,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Leo Esguerra

    Palisade Realty Inc

    Section Image
  • Kalinda Smith

    Buyer's Agent in 2023

    Kalinda Smith

    Westwind Realty

    (949) 370-9212

    1 in this area

    76 Total Sales

    Kalinda Smith
    Section Image
  • Curt Johnson

    Seller's Agent in 2021

    Curt Johnson

    Century 21 Affiliated

    (619) 261-4023

    1 in this area

    76 Total Sales

    Curt Johnson
    Section Image
  • Roni Coffer

    Seller Co-Listing Agent in 2021

    Roni Coffer

    Century 21 Affiliated

    (619) 677-9393

    1 in this area

    102 Total Sales

    Roni Coffer
    Section Image
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About M2i

Map

Source: San Diego MLS

MLS Number: 220027318

San Diego MLS

APN: 535-122-19-51

California San Diego County San Diego 92101 East Village

1050 Island Ave Unit 424, San Diego, CA

This home is located at 1050 Island Ave Unit 424, San Diego, CA 92101 since 03 November 2022 and is currently estimated at $596,070, approximately $666 per square foot. This property was built in 2005. 1050 Island Ave Unit 424 is a home located in San Diego County with nearby schools including Sherman Elementary School, Logan Memorial Educational Campus, and Urban Discovery Academy Charter.

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