$550,000
SOLD JAN 29, 2025

1116 Elm Ave Unit Block 331 Lot 23 Imperial Beach, CA 91932

0.14 Acre
$3,928,571 Price per Acre
6,000 Sq Ft Lot

Recently Sold

24% Below List Price

95 Days on Market

About This Lot

As of January 2025

Investment opportunity! R-3000 — Two-family residential zone, (one dwelling unit for every three thousand square feet of lot area). Existing occupied 567 Sq Ft 2-bedroom, 1 bath house will convey. Can be demolished or rennovated.

Last Agent to Sell the Property

Amelia Ortiz

eXp Realty of California, Inc. License #02173365 Listed on: 09/13/2024

eXp Realty of California, Inc.

Last Buyer's Agent

Enrique Alcocer

Maxximum Realty Inc License #01375838

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,670

Year Built

  • 1942

Lot Details

  • 6,000 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot
  • Property is zoned R-3000

Utilities

  • Gas Available
  • Separate Water Meter
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 6263312300

Property Details

Property Type

Land

Est. Annual Taxes

$4,670

Year Built

1942

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Type: Lots/Land
  • Market Area: South Bay
  • Neighborhood: Imperial Beach
  • Cross Street: 11th St. & Florida St.
  • Price Per Sq Ft: 3928571.43
  • Sale Price List Price: 0.76
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1942

Exterior Features

  • Fencing: Full

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter On Property
  • Utilities Available: Cable Tv, Electric, Natural Gas, Telephone
  • Utilities To Site: Above Ground, Electric, Gas

Condo/Co-op/Association

  • Community: Imperial Beach

Lot Info

  • Lot Size: 4,000-7,499 Sf
  • Topography: Level
  • Water District: California American
  • Zoning: R-3000
  • Estimated Lot Dimensions: 80x75
  • Estimated Lot Sq Ft: 6000
  • Estimated Number of Acres: 0.14
  • Assessor Parcel Number: 6263312300
  • Lot Number: Block 331 Lot 23
  • Parcel Map Number: 497

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Jan 2, 2025
Sold by
Whalen Enterprises Llc and Mitchell Michael D
Bought by
Solai Radha Sawhney and Shannon Marcus
Seller's Agent
Amelia Ortiz
eXp Realty of California, Inc.
Buyer's Agent
Enrique Alcocer
Maxximum Realty Inc
List Price
$725,000
Sold Price
$550,000
Premium/Discount to List
-$175,000
-24.14%
Total Days on Market
95
Views
79
Current Estimated Value
$573,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,207
Avg. Annual Appreciation
12.17%
Original Mortgage
$299,999
Outstanding Balance
$298,951
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$274,256

Purchase Details

Closed on
Apr 23, 2019
Sold by
Whalen Marital Trust
Bought by
Whalen Enterprises Llc

Purchase Details

Closed on
May 13, 2016
Sold by
Whalen Paula Lesage
Bought by
Whalen Paula Lesage and The Whalen Marital Trust

Purchase Details

Closed on
Aug 5, 2005
Sold by
Whalen Kenneth J
Bought by
Whalen Kenneth J and Kenneth James Whalen Trust

Purchase Details

Closed on
Apr 14, 2004
Sold by
Mitchell Michael D and Mitchell Julie L
Bought by
Mitchell Michael D and Mitchell Julie L

Purchase Details

Closed on
Feb 4, 2004
Sold by
Mitchell Michael and Whalen Kenneth
Bought by
Mitchell Michael D and Mitchell Julie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2002
Sold by
Speare Richard and Speare Mary
Bought by
Whalen Kenneth

Purchase Details

Closed on
Aug 27, 2001
Sold by
R Berry Inc
Bought by
Speare Richard and Spears Mary

Purchase Details

Closed on
Sep 25, 1995
Sold by
Whalen Kenneth
Bought by
Mitchell Michael D

Purchase Details

Closed on
Sep 5, 1990
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $550,000 Lawyers Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Commonwealth Land Title Co
Quit Claim Deed $17,500 --
Quit Claim Deed $18,500 --
Quit Claim Deed $6,500 --
Deed $108,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $299,999 New Conventional
Previous Owner $70,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2025 01/29/25 Sold $550,000 -24.1% --
12/18/2024 12/18/24 Pending -- -- --
09/13/2024 09/13/24 For Sale $725,000 -- --
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
2024 $4,670 $356,391 $243,681 $112,710
2023 $4,659 $349,403 $238,903 $110,500
2022 $4,535 $342,553 $234,219 $108,334
2021 $4,373 $335,837 $229,627 $106,210
2020 $4,236 $332,394 $227,273 $105,121
2019 $4,204 $325,877 $222,817 $103,060
2018 $4,164 $319,489 $218,449 $101,040
2017 $4,029 $313,225 $214,166 $99,059
2016 $3,893 $307,084 $209,967 $97,117
2015 $3,876 $302,473 $206,814 $95,659
2014 $3,733 $296,549 $202,763 $93,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240021753

San Diego MLS

APN: 626-331-23