$542,000
SOLD JAN 8, 2025
1 Bed
1 Bath
721 Sq Ft
$458/mo HOA Fee

Recently Sold

$752 Per Sq Ft

50 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Balcony
  • 1.38 Acre Lot
  • Community Pool
  • 4-minute walk to Amici Park

About This Home

As of January 2025

Little Italy 1BR/1BA with low HOAs! Palermo #429 is a beautifully renovated condo with new flooring and paint throughout. This property has HOA dues below $460/mo and comes with a secure, assigned parking space, in-unit laundry, a pool and spa, BBQ area and a gym. Palermo is conveniently located near the 5 FWY and walking distance to the Little Italy Dog Park, the farmer's market and food hall, tons of restaurants/bars, as well as the bay. Palermo is also one of the few buildings that offers guest parking.

Last Agent to Sell the Property

Denny Oh

Compass License #01420194 Listed on: 11/01/2024

Compass

Last Buyer's Agent

Denny Oh

Compass License #01420194 Listed on: 11/01/2024

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,469

Year Built

  • Built in 2004

HOA Fees

  • $458 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Common Roof
  • Stucco Exterior

Interior Spaces

  • 721 Sq Ft Home
  • Living Room
  • Dining Area

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Stacked Washer and Dryer

Additional Features

  • Property is Fully Fenced
  • West of 5 Freeway

Listing and Financial Details

  • Assessor Parcel Number 533-364-15-29

Community Details

Overview

  • Association fees include common area maintenance, exterior (landscaping), exterior bldg maintenance, gated community, limited insurance
  • 230 Units
  • Palermo HOA, Phone Number (619) 786-7497
  • Palermo Community
  • 6-Story Property

Amenities

  • Recreation Room

Recreation

  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,469

Year Built

Built in 2004

Lot Details

0

HOA Fees

$458 per month

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Attached
  • Attached Style: High Rise (5+ Stories)
  • Residential Styles: All Other Attached
  • Property Condition: Turnkey
  • Market Area: Metro Central
  • Cross Street: Beech Street
  • Neighborhood: Little Italy
  • LP / Sq Ft: 740.64
  • Price Per Sq Ft: 751.73
  • SP/ Sq Ft: 751.73
  • Stories: 1 Story
  • Stories In Building: 6
  • Ownership: Condominium
  • Total Stories: 1
  • Year Built: 2004
  • A D U Yes No: No
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Unit Number Space Number: 429
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Equipment Available: Dishwasher, Disposal, Dryer, Range/Oven, Refrigerator, Washer
  • Elevator: Yes
  • Searchable Rooms: Dining Area, Kitchen, Living Room, Master Bedroom, Master Bathroom
  • Total Bedrooms: 1
  • Bedrooms: 1
  • Master Bedroom Dimensions: 12x12
  • Full Bathrooms: 1
  • Laundry Location: Closet Stacked
  • Estimated Sq Ft: 721
  • Total Bathrooms: 1

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Patio: Balcony
  • Pool: Community/Common
  • Roof: Common Roof
  • Spa: Community/Common

Garage/Parking

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

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Sewer Connected
  • Water: Available
  • Heating: Forced Air Unit
  • Heating Fuel: Natural Gas

Condo/Co-op/Association

  • Complex Name: Palermo
  • Total Fees: 5499.48
  • Units In Building: 230
  • Total Number of Units: 230
  • Property Management Company: Action Prop Management
  • Property Management Phone: 619.786.7497
  • Community: DOWNTOWN
  • Complex Features: Clubhouse/Rec Room, Exercise Room, Pool, Spa/Hot Tub
  • Home Owner Association: Palermo HOA
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior (Landscaping), Exterior Bldg Maintenance, Gated Community, Limited Insurance
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 458.29
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 619.786.7497
  • Association Amenities: Club House, Controlled Access, Gym/Ex Room, Pet Rules, Pets Permitted, Spa, Pool, Rec Multipurpose Room

Association/Amenities

  • Entry Level Building: 1
  • Entry Level Unit: 4

Fee Information

  • Total Monthly Fees: 458

Lot Info

  • Lot Size: 0 (Common Interest)
  • Site: West of I-5
  • Topography: Level
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 533-364-15-29
  • Estimated Lot Sq Ft: 60215
  • Estimated Number of Acres: 1.38
  • Map Code Column: A
  • Map Code Page: 1289
  • Map Code Row: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2024
Closed on
Dec 31, 2024
Sold by
Joseph L Southwick L and Joseph Collette T
Bought by
Hartner Nancy Leigh Bugbee and Hartner Jerald Lee
Seller's Agent
Denny Oh
Compass
Buyer's Agent
Denny Oh
Compass
List Price
$543,000
Sold Price
$542,000
Premium/Discount to List
-$1,000
-0.18%
Views
60
Current Estimated Value
$535,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,211
Avg. Annual Appreciation
-1.63%

Purchase Details

Closed on
Feb 2, 2017
Sold by
Southwick Joseph and Southwick Collette
Bought by
Southwick Joseph L and Southwick Collette T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2017
Sold by
Davis Danica Patricia and Davis Cecelia H
Bought by
Southwick Joseph and Southwick Collette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2004
Sold by
Integral Communities Palermo Llc
Bought by
Davis Danica Patricia and Davis Cecelia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,632
Interest Rate
5.62%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Grant Deed $542,000 First American Title
Grant Deed $542,000 First American Title
Interfamily Deed Transfer -- None Available
Grant Deed $380,500 Corinthian Title Company
Grant Deed $358,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $200,000 New Conventional
Previous Owner $54,000 Credit Line Revolving
Previous Owner $286,632 New Conventional
Closed $35,829 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2025 01/08/25 Sold $542,000 +1.5% $752 / Sq Ft
12/22/2024 12/22/24 Pending -- -- --
12/02/2024 12/02/24 Price Changed $534,000 -1.7% $741 / Sq Ft
11/01/2024 11/01/24 For Sale $543,000 -- $753 / 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 $5,469 $441,445 $125,743 $315,702
2024 $5,469 $432,790 $123,278 $309,512
2023 $5,345 $424,305 $120,861 $303,444
2022 $5,201 $415,987 $118,492 $297,495
2021 $5,161 $407,831 $116,169 $291,662
2020 $5,096 $403,650 $114,978 $288,672
2019 $5,003 $395,736 $112,724 $283,012
2018 $4,680 $387,977 $110,514 $277,463
2017 $82 $330,000 $94,000 $236,000
2016 $3,987 $330,000 $94,000 $236,000
2015 $3,866 $320,000 $92,000 $228,000
2014 $3,395 $280,000 $81,000 $199,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240025856

San Diego MLS

APN: 533-364-15-29