NOT LISTED FOR SALE

Piazza Palermo 1501 Front St Unit 502 San Diego, CA 92101

Cortez Hill Neighborhood

Estimated Value: $708,000 - $969,000

2 Beds
2 Baths
1,027 Sq Ft
$481/mo HOA Fee

Last Sold March 29, 2023

Last sale price $740,000 $721 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,475/month

7 Days on Market

Highlights

  • Community Pool
  • Subterranean Parking
  • Security Fence
  • Home Office
  • Laundry closet
  • 4-minute walk to Amici Park

About This Home

As of March 2023

This beautiful 5th-floor unit features a recently remodeled kitchen with waterfall quartz countertops, steel farmhouse sink, subway tile backsplash, stainless steel appliances and great cabinet and pantry space. The spacious living and dining areas include a large sliding glass door to Romeo & Juliet balcony with downtown and peek bay views. Other features include new electric window blinds with blackout shades in the master, newer in-unit washer and dryer, Nest smart thermostat and recessed lighting and wood laminate flooring throughout. Upgraded master includes barn door, double sink vanity, upgraded shower head, master closet storage build out and more. The two included parking spaces are close to the elevators for easy access. With one of the lowest HOA fees Downtown, Palermo is full of amenities including pool/spa, fitness room, billiards and community room with a full kitchen, bike storage and a rarity Downtown—guest parking! In the heart of Little Italy and close to cafes, restaurants, shopping, the Piazza della Famiglia, easy access to the freeway and one of the best farmer's markets in San Diego.

Last Agent to Sell the Property

Everard Castaneda

Campbell & Kaplan Real Estate License #01966607 Listed on: 02/24/2023

Last Buyer's Agent

Joe Violi

Pacific Sotheby's International Realty License #01399733

Pacific Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,456

Year Built

  • Built in 2004

Lot Details

  • 1.38

HOA Fees

  • $481 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Tandem Garage

Home Design

  • Entry on the 1st floor
  • Flat Roof Shape
  • Composition Roof
  • Wood Siding
  • Metal Siding
  • Stucco Exterior

Interior Spaces

  • 1,027 Sq Ft Home
  • Dining Area
  • Home Office

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Stacked Washer and Dryer

Additional Features

  • Security Fence
  • Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 533-364-16-02

Community Details

Overview

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

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,456

Year Built

Built in 2004

Lot Details

0

HOA Fees

$481 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Attached
  • Residential Styles: All Other Attached
  • Market Area: Metro Central
  • Cross Street: W Beach St.
  • Neighborhood: Little Italy
  • LP / Sq Ft: 709.83
  • Price Per Sq Ft: 720.55
  • SP/ Sq Ft: 720.55
  • Stories: 1 Story
  • Stories In Building: 6
  • Ownership: Condominium
  • Total Stories: 1
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Equipment Available: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Stove
  • Elevator: Yes
  • Searchable Rooms: Dining Area, Office, Kitchen, Master Bedroom, Master Bathroom
  • Total Bedrooms: 2
  • Bedrooms: 2
  • Master Bedroom Dimensions: 13x11
  • Full Bathrooms: 2
  • Laundry Location: Closet Stacked
  • Estimated Sq Ft: 1027
  • Total Bathrooms: 2

Exterior Features

  • Exterior Material: Metal, Stucco, Wood
  • Fencing: Security
  • Pool: Community/Common
  • Roof: Composition, Flat

Garage/Parking

  • Garage Details: Tandem, Underground
  • Garage Spaces: 2
  • Parking Spaces Total: 2

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: Palermo
  • Units In Building: 230
  • Total Number of Units: 230
  • Community: DOWNTOWN
  • Home Owner Association: Piazza Palermo HOA
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior (Landscaping), Exterior Bldg Maintenance, Gated Community, Limited Insurance, Roof Maintenance, Trash Pickup
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 481.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 619-786-7497

Association/Amenities

  • Entry Level Building: 1
  • Entry Level Unit: 5

Lot Info

  • Lot Size: 0 (Common Interest)
  • Topography: Level
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 533-364-16-02
  • Map Code Column: A
  • Map Code Page: 1289
  • Map Code Row: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2023
Closed on
Mar 9, 2023
Sold by
Maisel David O and Maisel Sydney
Bought by
Mulvania Thera
Seller's Agent
Everard Castaneda
Campbell & Kaplan Real Estate
Buyer's Agent
Joe Violi
Pacific Sotheby's International Realty
List Price
$729,000
Sold Price
$740,000
Premium/Discount to List
$11,000
1.51%
Views
56
Current Estimated Value
$801,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,866
Avg. Annual Appreciation
3.20%

Purchase Details

Closed on
Jan 15, 2021
Sold by
Maisel David O and Maisel Sydney
Bought by
Maisel David O and Maisel Sydney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,773
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2019
Sold by
Tseng Tzu Ying
Bought by
Maisel David and Lampe Sydney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2017
Sold by
Costa Paul T
Bought by
Tseng Tzu Ying

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,101
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2015
Sold by
Costa Paul T and Costa Paul
Bought by
Costa Paul T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2014
Sold by
208 Capitol Street Llc
Bought by
Costa Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,200
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2005
Sold by
Integral Communities Palermo Llc
Bought by
208 Capitol Street Llc
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
Mulvania Thera $740,000 Chicago Title
Mulvania Thera -- Chicago Title
Maisel David O -- Lawyers Title Sd
Maisel David $565,000 Lawyers Title
Tseng Tzu Ying $530,000 Wfg Title Company Of Ca
Costa Paul T -- Nextitle
Costa Paul $495,500 California Title Company
208 Capitol Street Llc $550,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maisel David O $439,773
Previous Owner Maisel David $452,000
Previous Owner Tseng Tzu Ying $424,101
Previous Owner Costa Paul T $395,000
Previous Owner Costa Paul $395,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2023 03/29/23 Sold $740,000 +1.5% $721 / Sq Ft
03/04/2023 03/04/23 Pending -- -- --
02/24/2023 02/24/23 For Sale $729,000 -- $710 / 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 $9,456 $769,896 $416,160 $353,736
2024 $9,456 $754,800 $408,000 $346,800
2023 $7,514 $593,913 $115,810 $478,103
2022 $7,310 $593,913 $115,810 $478,103
2021 $7,253 $582,269 $113,540 $468,729
2020 $7,161 $576,299 $112,376 $463,923
2019 $6,861 $551,410 $107,523 $443,887
2018 $6,415 $540,599 $105,415 $435,184
2017 $6,142 $513,075 $100,049 $413,026
2016 $5,959 $503,016 $98,088 $404,928
2015 $5,867 $495,461 $96,615 $398,846
2014 -- $400,000 $78,000 $322,000
Source: Public Records

Agents Affiliated with this Home

  • Everard Castaneda

    Seller's Agent in 2023

    Everard Castaneda

    Campbell & Kaplan Real Estate

    (619) 861-0422

    1 in this area

    28 Total Sales

    Everard Castaneda
    Section Image
  • Joe Violi

    Buyer's Agent in 2023

    Joe Violi

    Pacific Sothebys

    (760) 533-7731

    1 in this area

    45 Total Sales

    Joe Violi
    Section Image
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About Piazza Palermo

Map

Source: San Diego MLS

MLS Number: 230003573

San Diego MLS

APN: 533-364-16-02

California San Diego County San Diego 92101 Cortez Hill

1501 Front St Unit 502, San Diego, CA

This home is located at 1501 Front St Unit 502, San Diego, CA 92101 since 24 February 2023 and is currently estimated at $801,866, approximately $780 per square foot. This property was built in 2004. 1501 Front St Unit 502 is a home located in San Diego County with nearby schools including Washington Elementary School, Roosevelt International Middle School, and Museum School.

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