$530,000
SOLD AUG 26, 2019
2 Beds
2 Baths
1,058 Sq Ft
$367/mo HOA Fee

Recently Sold

$501 Per Sq Ft

3% Below List Price

52 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Updated Kitchen
  • 24-Hour Security
  • City Lights View
  • 4-minute walk to Amici Park

About This Home

As of August 2019

Remodeled, Bright and Spacious 2 bedroom condo at coveted Palermo. Open kitchen updated only a few years ago and new premium flooring. 2 assigned parking spaces and a washer/dryer in unit. Located a short distance to prime Little Italy dining, walking distance to California Western School of Law, and easy freeway access. Amenities include a pool, spa, fitness center, billiards room, entertainment room, business center with WiFi, onsite property management, underground parking, and guest parking available.

Last Agent to Sell the Property

Ryan Brodmann

Compass License #01999001 Listed on: 06/08/2019

Compass

Last Buyer's Agent

Noah Grassi

Compass License #01411480

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,165

Year Built

  • Built in 2004

HOA Fees

  • $367 Monthly HOA Fees

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Turnkey
  • Common Roof
  • Stucco Exterior

Interior Spaces

  • 1,058 Sq Ft Home
  • Open Floorplan
  • Laminate Flooring
  • City Lights Views

Kitchen

  • Updated Kitchen
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

Utilities

  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Two or More Common Walls

Listing and Financial Details

  • Assessor Parcel Number 533-364-16-22

Community Details

Overview

  • Association fees include common area maintenance, exterior bldg maintenance, sewer, trash pickup, water
  • 230 Units
  • Piazza Palermo HOA, Phone Number (619) 786-7497
  • Palermo Community
  • 6-Story Property

Amenities

  • Community Barbecue Grill

Recreation

  • Community Spa
  • Recreational Area

Pet Policy

  • Breed Restrictions

Security

  • 24-Hour Security
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,165

Year Built

Built in 2004

Lot Details

0

HOA Fees

$367 per month

Parking

2

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: Cedar
  • Neighborhood: Little Italy
  • Estimated Living Space: 1,000 to 1,499 SqFt
  • LP / Sq Ft: 509.45
  • Price Per Sq Ft: 500.95
  • Residential Unit Location: 2+ common walls
  • SP/ Sq Ft: 500.95
  • Stories: 1 Story
  • Stories In Building: 6
  • Accessibility Features: No Interior Steps
  • Ownership: Condominium
  • Total Stories: 1
  • Year Built: 2004
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Unit Number Space Number: 522
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Open Floor Plan, Remodeled Kitchen
  • Flooring: Laminate
  • Equipment Available: Dishwasher, Disposal, Dryer, Fire Sprinklers, Microwave, Refrigerator, Washer, Electric Oven, Electric Range, Electric Cooking
  • Elevator: Yes
  • Searchable Rooms: Kitchen, Laundry
  • Total Bedrooms: 2
  • Bedrooms: 2
  • Master Bedroom Dimensions: 13x12
  • Full Bathrooms: 2
  • Laundry Location: Closet Stacked
  • Estimated Sq Ft: 1058
  • Total Bathrooms: 2

Exterior Features

  • Exterior Material: Stucco
  • Pool: Community/Common
  • Roof: Common Roof
  • Spa: Community/Common
  • View: City Lights

Garage/Parking

  • Garage Details: Assigned, Underground
  • Garage Spaces: 2
  • Non Garage Parking: Street
  • Parking Spaces Total: 2

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Electric
  • Security: On Site Guard, Fire Sprinklers, 24 Hour Security, Smoke Detector, Carbon Monoxide Detectors
  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Gas
  • Heating: Forced Air Unit
  • Heating Fuel: Natural Gas
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Condo/Co-op/Association

  • Complex Name: Palermo
  • Total Fees: 4404.0
  • Pets Allowed: Allowed w/Restrictions
  • Units In Building: 230
  • Total Number of Units: 230
  • Property Management Company: Action Property Managemen
  • Property Management Phone: 619-786-7497
  • Community: DOWNTOWN
  • Complex Features: BBQ, Clubhouse/Rec Room, Exercise Room, Gated Community, Pet Restrictions, Pool, Recreation Area
  • Home Owner Association: Piazza Palermo HOA
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior Bldg Maintenance, Sewer, Trash Pickup, Water
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 367.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 619-786-7497
  • Other Fees Type: Cmmnty/Mstr Hm Owner Fees
  • Association Amenities: Guard, Pet Rules, Spa, Barbecue, Pool, Security

Association/Amenities

  • Entry Level Unit: 5

Fee Information

  • Total Monthly Fees: 367

Lot Info

  • Lot Size: 0 (Common Interest)
  • Topography: Level
  • Assessor Parcel Number: 533-364-16-22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2019
Closed on
Aug 9, 2019
Sold by
Kealy Alfonso
Bought by
Shakiba Bijan and Saheli Ladan
Seller's Agent
Ryan Brodmann
Compass
Buyer's Agent
Noah Grassi
Compass
List Price
$549,000
Sold Price
$530,000
Premium/Discount to List
-$19,000
-3.46%
Current Estimated Value
$712,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,337
Avg. Annual Appreciation
5.33%
Original Mortgage
$371,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 1, 2016
Closed on
Jul 23, 2016
Sold by
Farquar Chris R
Bought by
Kealy Alfonso
Seller's Agent
Sharon Miller
RE/MAX Connections
Buyer's Agent
Ismael Betancourt
Century 21 Affiliated
List Price
$489,900
Sold Price
$485,000
Premium/Discount to List
-$4,900
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.94%
Original Mortgage
$441,956
Interest Rate
3.56%
Mortgage Type
VA

Purchase Details

Closed on
Dec 14, 2009
Sold by
Farquar Chris R
Bought by
Farquar Chris R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2006
Sold by
Farquar Chris R
Bought by
Farquar Chris R

Purchase Details

Closed on
Dec 6, 2005
Sold by
Integral Communities Palermo Llc
Bought by
Farquar Chris R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.35%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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 $530,000 First American Title
Grant Deed $485,000 Fidelity
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $490,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $361,755 New Conventional
Closed $371,600 New Conventional
Closed $371,000 New Conventional
Previous Owner $441,956 VA
Previous Owner $240,000 New Conventional
Previous Owner $345,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2020 05/17/20 Rented $2,600 0.0% --
05/05/2020 05/05/20 For Rent $2,600 0.0% --
10/27/2019 10/27/19 Rented $2,600 0.0% --
10/21/2019 10/21/19 Price Changed $2,600 -3.7% $3 / Sq Ft
10/08/2019 10/08/19 Price Changed $2,699 -3.4% $3 / Sq Ft
09/27/2019 09/27/19 For Rent $2,795 0.0% --
08/26/2019 08/26/19 Sold $530,000 -1.7% $501 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
07/09/2019 07/09/19 Price Changed $539,000 -1.1% $509 / Sq Ft
06/19/2019 06/19/19 Price Changed $545,000 -0.7% $515 / Sq Ft
06/08/2019 06/08/19 For Sale $549,000 +13.2% $519 / Sq Ft
08/03/2016 08/03/16 Sold $485,000 -1.0% $458 / Sq Ft
07/08/2016 07/08/16 Pending -- -- --
07/01/2016 07/01/16 For Sale $489,900 -- $463 / 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 $7,165 $579,628 $464,798 $114,830
2024 $7,165 $568,264 $455,685 $112,579
2023 $7,004 $557,122 $446,750 $110,372
2022 $6,815 $546,199 $437,991 $108,208
2021 $6,762 $535,490 $429,403 $106,087
2020 $6,678 $530,000 $425,000 $105,000
2019 $6,284 $504,592 $96,799 $407,793
2018 $5,876 $494,699 $94,901 $399,798
2017 $5,732 $485,000 $93,041 $391,959
2016 $5,889 $490,000 $94,000 $396,000
2015 $5,885 $490,000 $94,000 $396,000
2014 $4,826 $400,000 $77,000 $323,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 190031671

San Diego MLS

APN: 533-364-16-22