$540,000
SOLD AUG 18, 2021
1 Bed
1 Bath
781 Sq Ft
$401/mo HOA Fee

Recently Sold

$691 Per Sq Ft

1% Above List Price

9 Days on Market

Highlights

  • Fitness Center
  • City Lights View
  • Deck
  • In Ground Pool
  • Clubhouse
  • 4-minute walk to Amici Park

About This Home

As of August 2021

Rare find....ROOFTOP BALCONY. There are only two of these units on the 5th floor with an oversized balcony. The building is actually 6 stories, but due to the architecture of the building, the building is cut out or indented where the balcony is. Therefore it is a rooftop deck (Larger than the ones on the 6th floor.) Views of city buildings. You can surround balcony with plants to create privacy. Propane BBQ is ok. Unit faces South and you can see East and West as well. Even a peek of the water. Darling 1/1 unit with open floorplan. Living area is a good size with large floor to ceiling windows. Bedroom even has a little walk in closet! Extra closet in hall as well. Wood in kitchen area and tile in bath. Bath is also handicapped friendly. I love the wide rectangular sink. Palermo has so many amenities! Pool/spa, Billiards room, Community room, Conference room and 24 Hour Fitness Center. Conveniently located just a few blocks from the center of Little Italy to India St. Embarcadero is about 5 blocks from the unit. Gaslamp is South of the unit, but in close proximity. About 2-3 miles from the San Diego airport and easy access to the 5 freeway. Some of the photos are from several years ago with tenant's furniture. Unit is now painted gray with a light gray carpet. Very nice unit on the 5th floor. Oversized balcony shares common pony wall with unit next door. This unit has the largest balcony in the complex. It's HUGE! Some units only have a small balcony and some other units have no balcony at all. Unit has been well maintained and will be ready for a buyer to move right in!

Last Agent to Sell the Property

Lori Ellen Coven

HomeSmart Realty West License #01046608 Listed on: 07/13/2021

HomeSmart Realty West

Last Buyer's Agent

Christopher Hutchinson

Van Effner License #01466032

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,974

Year Built

  • Built in 2004

Lot Details

  • 1 Common Wall
  • Gated Home
  • Partially Fenced Property
  • Level Lot

HOA Fees

  • $401 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Public Parking

Home Design

  • Turnkey
  • Spanish Tile Roof
  • Common Roof
  • Stucco Exterior

Interior Spaces

  • 781 Sq Ft Home
  • Living Room
  • Dining Area

Kitchen

  • Breakfast Area or Nook
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Accessible Home Design

  • Grab Bar In Bathroom
  • Disabled Access
  • No Interior Steps

Outdoor Features

  • In Ground Pool
  • Deck

Utilities

  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 533-364-16-25

Community Details

Overview

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

Amenities

  • Meeting Room

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,974

Year Built

Built in 2004

Lot Details

0

HOA Fees

$401 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: First/Beech/Cedar
  • Neighborhood: Little Italy area
  • Supplement: Very nice unit on the 5th floor. Oversized balcony shares common pony wall with unit next door. This unit has the largest balcony in the complex. It's HUGE! Some units only have a small balcony and some other units have no balcony at all. Unit has been well maintained and will be ready for a buyer to move right in!
  • Estimated Living Space: 500 to 999 SqFt
  • LP / Sq Ft: 685.02
  • Miscellaneous: Elevators/Stairclimber
  • Price Per Sq Ft: 691.42
  • Residential Unit Location: 1 common wall
  • SP/ Sq Ft: 691.42
  • Stories: 1 Story
  • Stories In Building: 6
  • Accessibility Features: Disability Features, Grab Bars In Bathroom(s), 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: 526
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Balcony, Bathtub, Granite Counters, Living Room Balcony, Shower In Tub, Unfurnished
  • Flooring: Carpet, Tile
  • Equipment Available: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Cooking
  • Searchable Rooms: Bedroom Entry Level, Breakfast Area, Dining Area, Living Room, Laundry, Walk-In Closet
  • Total Bedrooms: 1
  • Bedrooms: 1
  • Master Bedroom Dimensions: 14x11
  • Full Bathrooms: 1
  • Laundry Location: Closet Stacked
  • Estimated Sq Ft: 781
  • Total Bathrooms: 1

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate, Partial
  • Patio: Balcony, Deck
  • Pool: Below Ground, Community/Common, Association
  • Roof: Common Roof, Spanish Tile
  • Spa: Community/Common
  • View: City, Evening Lights, City Lights

Garage/Parking

  • Garage Details: Assigned, Underground
  • Garage Spaces: 1
  • Non Garage Parking: Public
  • Parking Spaces Total: 1

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Electric
  • Security: Card/Code Access
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas, Water Heater Central
  • Heating: Forced Air Unit
  • Telecommunications: Cable (coaxial)
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected

Condo/Co-op/Association

  • Complex Name: Palermo
  • Total Fees: 4809.84
  • Pets Allowed: Yes
  • Units In Building: 230
  • Total Number of Units: 230
  • Property Management Company: Action Property Managemen
  • Property Management Phone: 800 400 2284
  • Community: DOWNTOWN
  • Complex Features: Clubhouse/Rec Room, Exercise Room, Pool, Spa/Hot Tub
  • Home Owner Association: Piazza Palermo
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior (Landscaping), Exterior Bldg Maintenance, Trash Pickup
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 400.82
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 619 786 7497
  • Association Amenities: Call For Rules, Controlled Access, Meeting Room, Pets Permitted, Spa, Onsite Property Mgmt

Association/Amenities

  • Entry Level Unit: 1

Fee Information

  • Total Monthly Fees: 401

Lot Info

  • Lot Size: 0 (Common Interest)
  • Site: Corner Lot, Public Street, Street Paved
  • Topography: Level
  • Assessor Parcel Number: 533-364-16-25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2021
Closed on
Aug 13, 2021
Sold by
Bietz Matthew
Bought by
Rogalski Daniel
Seller's Agent
Lori Ellen Coven
HomeSmart Realty West
Buyer's Agent
Christopher Hutchinson
Van Effner
List Price
$535,000
Sold Price
$540,000
Premium/Discount to List
$5,000
0.93%
Current Estimated Value
$582,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,783
Avg. Annual Appreciation
1.88%
Original Mortgage
$432,000
Outstanding Balance
$394,513
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$187,059

Purchase Details

Listed on
Jul 13, 2021
Closed on
Aug 3, 2021
Sold by
Waitte Eric L
Bought by
Rogalski Daniel
Seller's Agent
Lori Ellen Coven
HomeSmart Realty West
Buyer's Agent
Christopher Hutchinson
Van Effner
List Price
$535,000
Sold Price
$540,000
Premium/Discount to List
$5,000
0.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Outstanding Balance
$394,513
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$187,059

Purchase Details

Closed on
Sep 9, 2004
Sold by
Integral Communities Palermo Llc
Bought by
Waite Eric L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,661
Interest Rate
1.62%
Mortgage Type
Negative Amortization
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
Interfamily Deed Transfer -- Fidelity Natl Ttl San Diego
Grant Deed $540,000 Fidelity Natl Ttl San Diego
Grant Deed $430,500 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $432,000 New Conventional
Previous Owner $322,661 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2021 08/18/21 Sold $540,000 +0.9% $691 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
07/17/2021 07/17/21 For Sale $535,000 +15.1% $685 / Sq Ft
10/04/2016 10/04/16 Sold -- -- --
08/15/2016 08/15/16 For Sale $465,000 -- $595 / 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 $6,974 $573,049 $160,732 $412,317
2024 $6,974 $561,814 $157,581 $404,233
2023 $6,815 $550,799 $154,492 $396,307
2022 $6,630 $540,000 $151,463 $388,537
2021 $5,193 $410,000 $115,000 $295,000
2020 $5,180 $410,000 $115,000 $295,000
2019 $5,060 $400,000 $113,000 $287,000
2018 $4,826 $400,000 $114,000 $286,000
2017 $4,508 $375,000 $107,000 $268,000
2016 $4,520 $375,000 $108,000 $267,000
2015 $3,929 $325,000 $94,000 $231,000
2014 $3,316 $273,000 $79,000 $194,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210019591

San Diego MLS

APN: 533-364-16-25