NOT LISTED FOR SALE

Estimated Value: $195,426 - $1,822,000

3 Beds
2.5 Baths
1,500 Sq Ft
$626/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $137,993 $92 Per Sq Ft

Est. 581% increase in value since last sale

Current estimated payment $5,660/month

14 Days on Market

Highlights

  • Contemporary Architecture
  • 2 Car Attached Garage
  • Family Room
  • Ada W. Harris Elementary Rated A
  • Laundry Room
  • Gated Home

About This Home

As of October 2020

This is deed restricted as an affordable housing FOR SALE unit and must continue to be a rental unit to arms length tenant for 55 years. Single level, 3 bed/2.5 bath, 1500 square foot home, 2 Car Garage. Tenant occupied. DO NOT DISTURB TENANT. Buyers must follow Fair Housing regulations and process. Please visit www.1412mackinnon.com for more information, Please communicate by email via the website. Current tenant in place for 1 yr. Seller does not provide financing. Seller is private entity not the City Built in 2018, this newer construction has 2.6kw solar system paid and fully owned. Great location, close to beach, shopping and restaurants. Walking distance to Encinitas Park. The home can be sold to investor who continues to follow the detailed deed restrictions that require an arms length approved tenant, buyer can also be a qualified buyer per low income guidelines, but they will need to qualify with existing tenant in place, the current lease is in place for another year. Investors looking to move a family member in would most likely not get approved.

Last Listed By

Mark Marquez

Compass License #01232386 Listed on: 09/22/2020

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,687

Year Built

  • Built in 2019

Lot Details

  • Gated Home
  • Property is Fully Fenced
  • Level Lot

HOA Fees

  • $262 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room with Fireplace

Kitchen

  • Built-In Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Separate Water Meter

Community Details

  • Association fees include common area maintenance
  • Menas Realty Association, Phone Number (858) 270-7870
  • Mackinnon Pointe Community

Listing and Financial Details

  • Assessor Parcel Number 260-580-29-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,687

Year Built

Built in 2019

Lot Details

0

HOA Fees

$262 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Architectural Style: Contemporary
  • Residential Styles: Detached
  • Market Area: Coastal North
  • Cross Street: Santa Fe
  • Neighborhood: Cardiff by the Sea
  • Supplement: Built in 2018, this newer construction has 2.6kw solar system paid and fully owned. Great location, close to beach, shopping and restaurants. Walking distance to Encinitas Park. The home can be sold to investor who continues to follow the detailed deed restrictions that require an arms length approved tenant, buyer can also be a qualified buyer per low income guidelines, but they will need to qualify with existing tenant in place, the current lease is in place for another year. Investors looking to move a family member in would most likely not get approved.
  • LP / Sq Ft: 92.0
  • Price Per Sq Ft: 92.0
  • SP/ Sq Ft: 92.0
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 2019
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment Available: Dishwasher, Disposal, Built In Range, Gas Range
  • Fireplaces: 1
  • Fireplace: Fp In Living Room
  • Searchable Rooms: Bedroom Entry Level, Family Room, MBR Entry Level
  • Total Bedrooms: 3
  • Bedrooms: 3
  • Master Bedroom Dimensions: 15x15
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 1500
  • Total Bathrooms: 3

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full, Gate
  • Roof: Composition

Garage/Parking

  • Garage Details: Attached, Garage
  • Garage Spaces: 2
  • Parking Spaces Total: 2

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Washer Hookup, Gas & Electric Dryer HU
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Forced Air Unit
  • Heating Fuel: Natural Gas, Solar

Condo/Co-op/Association

  • Complex Name: MacKinnon Pointe
  • Total Fees: 3144.0
  • Community: CARDIFF BY THE SEA
  • Home Owner Association: Menas Realty
  • Home Owner Association Fee Includes: Common Area Maintenance
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 262.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 858.270.7870

Association/Amenities

  • Entry Level Unit: 1

Fee Information

  • Total Monthly Fees: 262

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Assessor Parcel Number: 260-580-29-00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2021
Sold by
Reed Kenneth L
Bought by
Reed Kenneth L and Reed Vanessa R
Total Days on Market
14
Current Estimated Value
$939,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,700
Outstanding Balance
$75,635
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$869,783

Purchase Details

Listed on
Sep 22, 2020
Closed on
Oct 8, 2020
Sold by
Reed Vanessa Renee
Bought by
Reed Kenneth L
Seller's Agent
Mark Marquez
Compass
Buyer's Agent
Mark Marquez
Compass
List Price
$137,993
Sold Price
$137,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.08%

Purchase Details

Listed on
Sep 22, 2020
Closed on
Oct 6, 2020
Sold by
New Pointe Investment 37 Llc
Bought by
Reed Kenneth L
Seller's Agent
Mark Marquez
Compass
Buyer's Agent
Mark Marquez
Compass
List Price
$137,993
Sold Price
$137,993

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
Reed Kenneth L -- Bnt Title Company Of Ca
Reed Kenneth L -- First American Title Company
Reed Kenneth L $138,000 First Amer Ttl Co Sub Sale O
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Kenneth L $82,700
Previous Owner New Pointe Investments 37 Llc $4,379,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2020 10/20/20 Sold $137,993 0.0% $92 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $137,993 -- $92 / 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
2024 $1,687 $146,437 $74,284 $72,153
2023 $1,649 $143,567 $72,828 $70,739
2022 $1,623 $140,752 $71,400 $69,352
2021 $1,596 $137,993 $70,000 $67,993
2020 $1,202 $101,827 $37,791 $64,036
2019 $873 $72,050 $37,050 $35,000
2018 $3,175 $286,620 $286,620 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200045945

San Diego MLS

APN: 260-580-29