NOT LISTED FOR SALE

1206 Viola St Unit 8 San Diego, CA 92110

Morena Neighborhood

Estimated Value: $663,808 - $1,160,000

2 Beds
2 Baths
922 Sq Ft
$1,032/Sq Ft Est. Value

Last Sold August 02, 2016

Last sale price $440,000 $477 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $5,233/month

22 Days on Market

Highlights

  • Laundry Facilities
  • Property is Fully Fenced
  • 1-Story Property
  • Bay Park Elementary School Rated A-
  • Level Lot

About This Home

As of August 2016

Units have identical layout and are in good condition. Upside available in up and coming area with new development nearby. Located walking distance to Fiesta Island and one block to Tecolote Nature Center and hiking trails. Rare property this close to the water. Separate gas and electric meters for each unit. Fully fenced with low/no maintenance common areas. Permitted duplex also zoned commercial leaving many options open.

Last Agent to Sell the Property

Craig Rusin

Rusin Realty License #01255716 Listed on: 06/18/2016

Last Buyer's Agent

Jim Dolan

James Dolan License #01137565

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,184

Year Built

  • Built in 1954

Lot Details

  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Wired For Data

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 436-211-15-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Laundry Facilities
  • Net Operating Income $23,325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,184

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro
  • Cross Street: Morena Blvd
  • Neighborhood: Bay Park
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 1954
  • Allow Comments Review: Yes
  • Internet Address Field: Partial Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Wired High Speed Internet
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: BAY PARK
  • Complex Features: Laundry Facilities
  • Manager Name: Craig Rusin
  • Manager Phone: 619-559-5358

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 1-3,999 SF
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: Com, R2
  • Assessor Parcel Number: 436-211-15-00
  • Land Use Code: r2
  • Water District URL: http://www.ci.san-diego.ca.us/water

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 23325
  • Annual Expense Actual: 4275
  • Gross Rent Multiplier Actual: 17.2
  • Gross Rent Multiplier Projected: 15.8
  • Gross Sched Income Actual: 27600
  • Gross Sched Income Projected: 30000
  • Number Of Buildings: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Other Income Actual: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2016
Closed on
Jul 30, 2016
Sold by
Smith Beth
Bought by
Smith Philip E
Seller's Agent
Craig Rusin
Rusin Realty
Buyer's Agent
Jim Dolan
James Dolan
List Price
$475,000
Sold Price
$440,000
Premium/Discount to List
-$35,000
-7.37%
Current Estimated Value
$888,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,973
Avg. Annual Appreciation
10.14%
Original Mortgage
$330,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2016
Closed on
Jul 29, 2016
Sold by
Rusin Craig William
Bought by
Smith Philip E
Seller's Agent
Craig Rusin
Rusin Realty
Buyer's Agent
Jim Dolan
James Dolan
List Price
$475,000
Sold Price
$440,000
Premium/Discount to List
-$35,000
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2009
Sold by
Painting Mark B
Bought by
Rusin Craig William

Purchase Details

Closed on
Oct 8, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Painting Mark B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2008
Sold by
Henry Robert D
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Apr 14, 2007
Sold by
Cooper Darell
Bought by
Henery Robert and Cooper Darell

Purchase Details

Closed on
Nov 28, 2005
Sold by
Henry Robert
Bought by
Cooper Darell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,200
Interest Rate
5.9%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 2, 2005
Sold by
Boswell Robbie V
Bought by
Henry Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,200
Interest Rate
5.9%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 14, 2005
Sold by
Williams David
Bought by
Henry Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,200
Interest Rate
5.9%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 2, 2004
Sold by
Williams Martha K
Bought by
Williams David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2004
Sold by
2419 29Th Street Llc
Bought by
Williams David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2003
Sold by
Bols J D
Bought by
2419 29Th Street Llc

Purchase Details

Closed on
Dec 4, 2002
Sold by
Swraj Hotel Inc
Bought by
Bols J D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.06%

Purchase Details

Closed on
Nov 13, 2002
Sold by
Bols Lisa
Bought by
Bols J D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.06%

Purchase Details

Closed on
Mar 6, 1997
Sold by
Madan Santosh K
Bought by
Madan Devki Nandan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,275
Interest Rate
7.31%

Purchase Details

Closed on
Mar 3, 1997
Sold by
Madan Devki Nandan
Bought by
Swarj Hotel Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,275
Interest Rate
7.31%

Purchase Details

Closed on
Feb 20, 1997
Sold by
Swraj Hotel Inc
Bought by
Madan Devki Nandan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,275
Interest Rate
7.31%

Purchase Details

Closed on
Dec 2, 1994
Sold by
Madan Devki Nandan
Bought by
Swraj Hotel Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,400
Interest Rate
8.91%

Purchase Details

Closed on
Nov 15, 1994
Sold by
Swraj Hotel Inc
Bought by
Madan Devki Nandan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,400
Interest Rate
8.91%

Purchase Details

Closed on
Nov 10, 1994
Sold by
Madan Santosh K
Bought by
Madan Devki Nandan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,400
Interest Rate
8.91%
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 Buyer Sale Price Title Company
Smith Philip E -- Chicago Title Company
Smith Philip E $440,000 Chicago Title Company
Rusin Craig William -- Accommodation
Painting Mark B $230,000 California Title Company
Deutsche Bank National Trust Co $326,250 Accommodation
Henery Robert -- None Available
Cooper Darell -- --
Henry Robert D -- Fidelity National Title
Henry Robert D $591,000 Fidelity National Title
Williams David -- First Southwestern Title Co
Williams David $440,000 First American Title Co
2419 29Th Street Llc $212,500 Chicago Title Co
Bols J D $212,500 Stewart Title Company
Bols J D -- Stewart Title Company
Madan Devki Nandan -- South Coast Title Company
Swarj Hotel Inc -- South Coast Title Company
Madan Devki Nandan -- South Coast Title Company
Swraj Hotel Inc -- --
Madan Devki Nandan -- Benefit Land Title Company
Madan Devki Nandan -- Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Philip E $150,000
Open Smith Philip E $420,000
Closed Smith Philip E $312,950
Closed Smith Philip E $70,550
Closed Smith Philip E $330,000
Previous Owner Painting Mark B $200,000
Previous Owner Painting Mark B $207,000
Previous Owner Henry Robert D $118,200
Previous Owner Henry Robert D $472,800
Previous Owner Williams David $396,000
Previous Owner Bols J D $170,000
Previous Owner Madan Devki Nandan $24,275
Previous Owner Madan Devki Nandan $77,400
Closed Williams David $22,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2016 08/02/16 Sold $440,000 -7.4% $477 / Sq Ft
07/09/2016 07/09/16 Pending -- -- --
06/17/2016 06/17/16 For Sale $475,000 -- $515 / 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 $6,184 $510,653 $324,961 $185,692
2024 $6,184 $500,641 $318,590 $182,051
2023 $6,047 $490,826 $312,344 $178,482
2022 $5,887 $481,203 $306,220 $174,983
2021 $5,846 $471,768 $300,216 $171,552
2020 $5,776 $466,931 $297,138 $169,793
2019 $5,673 $457,776 $291,312 $166,464
2018 $5,305 $448,800 $285,600 $163,200
2017 $5,179 $440,000 $280,000 $160,000
2016 $3,436 $290,095 $195,182 $94,913
2015 $2,924 $246,436 $187,507 $58,929
2014 $2,879 $241,609 $183,834 $57,775
Source: Public Records

Agents Affiliated with this Home

  • Craig Rusin

    Seller's Agent in 2016

    Craig Rusin

    Rusin Realty

    (619) 559-5358

    13 Total Sales

    Section Image
  • Jim Dolan

    Buyer's Agent in 2016

    Jim Dolan

    James Dolan

    (619) 517-0596

    7 Total Sales

    Section Image
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Map

Source: San Diego MLS

MLS Number: 160033403

San Diego MLS

APN: 436-211-15

California San Diego County San Diego 92110 Morena

1206 Viola St Unit 8, San Diego, CA

This home is located at 1206 Viola St Unit 8, San Diego, CA 92110 since 18 June 2016 and is currently estimated at $951,452, approximately $1,031 per square foot. This property was built in 1954. 1206 Viola St Unit 8 is a home located in San Diego County with nearby schools including Bay Park Elementary School, Marston Middle School, and Clairemont High School.

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