$485,000
SOLD AUG 3, 2016
2 Beds
2 Baths
1,058 Sq Ft
$318/mo HOA Fee

Recently Sold

$458 Per Sq Ft

1% Below List Price

7 Days on Market

Highlights

  • City View
  • Laundry closet
  • Level Lot
  • Community Pool
  • Dining Area
  • 4-minute walk to Amici Park

About This Home

As of August 2019

A beautiful condo in the desirable Palermo building in the heart of Little Italy. Light and bright open floor plan features a gourmet kitchen with granite counters, fresh custom paint, washer and dryer in unit, A/C, large master bedroom with walk-in closet and en-suite bath. Community pool and spa, BBQ, fitness center, and business center. 2 underground parking spaces. Walk to all Little Italy has to offer - restaurants, shops, art galleries, and farmers market.

Last Agent to Sell the Property

Sharon Miller

RE/MAX Connections License #00631118 Listed on: 07/01/2016

RE/MAX Connections

Last Buyer's Agent

Ismael Betancourt

Century 21 Affiliated License #01128139

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,165

Year Built

  • Built in 2004

HOA Fees

  • $318 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Stucco Exterior

Interior Spaces

  • 1,058 Sq Ft Home
  • Dining Area

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Stacked Washer and Dryer

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
  • Palermo Association, Phone Number (619) 786-7497
  • High-Rise Condominium
  • Palermo Community
  • 61-Story Property

Recreation

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,165

Year Built

Built in 2004

Lot Details

0

HOA Fees

$318 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Attached
  • Attached Style: High Rise (5+ Stories)
  • Residential Styles: All Other Attached
  • Market Area: Metro Central
  • Cross Street: Beech and Cedar
  • Neighborhood: Little Italy
  • Estimated Living Space: 1,000 to 1,499 SqFt
  • LP / Sq Ft: 463.04
  • Price Per Sq Ft: 458.41
  • SP/ Sq Ft: 458.41
  • Stories: 1 Story
  • Stories In Building: 61
  • Ownership: Condominium, Fee Simple
  • Total Stories: 1
  • Year Built: 2004
  • Allow Comments Review: No
  • 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

  • Equipment Available: Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Elevator: Yes
  • Searchable Rooms: Bedroom Entry Level, Dining Area, MBR Entry Level
  • 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
  • View: City

Garage/Parking

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

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Electric
  • Sewer/Septic: Sewer Connected
  • Heating: Forced Air Unit
  • Heating Fuel: Electric

Condo/Co-op/Association

  • Complex Name: Palermo
  • Total Fees: 3816.0
  • Pets Allowed: Allowed w/Restrictions
  • Units In Building: 230
  • Total Number of Units: 230
  • Community: DOWNTOWN
  • Home Owner Association: Palermo
  • 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: 318.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 619-786-7497

Association/Amenities

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

Fee Information

  • Total Monthly Fees: 318

Lot Info

  • Lot Size: 0 (Common Interest)
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 533-364-16-22
  • Water District URL: http://www.ci.san-diego.ca.us/water

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%
Total Days on Market
7
Current Estimated Value
$752,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,253
Avg. Annual Appreciation
6.25%
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
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: 160036213

San Diego MLS

APN: 533-364-16-22