NOT LISTED FOR SALE

1559 Republic St San Diego, CA 92114

Encanto Neighborhood

Estimated Value: $894,000 - $981,000

4 Beds
3 Baths
2,408 Sq Ft
$384/Sq Ft Est. Value

Last Sold February 13, 2020

Last sale price $650,000 $270 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,747/month

8 Days on Market

About This Home

As of February 2020

Built in 2016!  Builder spared no expense, including designer cabinetry, tasteful fixtures/lighting, upscale bathroom finishes, and massive decks off the living room and master bedroom, perfect for enjoying panoramic canyon views.  Sellers converted the large basement to a gorgeous open floorplan 1br/1ba ADU currently renting for $1300 per month. ADU features w/d, dishwasher, porcelain plank flooring, & can be sold vacant. Please do not disturb tenants. ADU shown with accepted offer only. Solar included!

Last Agent to Sell the Property

Alanna Strei

eXp Realty of California, Inc. License #01993265 Listed on: 01/21/2020

eXp Realty of California, Inc.

Last Buyer's Agent

Evan Campbell

LPT Realty,Inc License #01927542

LPT Realty,Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,508

Year Built

  • Built in 2016

Lot Details

  • 0.6

Home Design

  • Stucco Exterior

Additional Features

  • 2-Story Property
  • 0.6 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 543-060-24-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Net Operating Income $14,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,508

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Weaver
  • Neighborhood: North Encanto
  • LP / Sq Ft: 17.7
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 2016
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: ENCANTO

Lot Info

  • Lot Size: .5 to 1 AC
  • Assessor Parcel Number: 543-060-24-00
  • Estimated Lot Sq Ft: 26136

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 14040
  • Annual Expense Actual: 1560
  • Annual Expense Projected: 4080
  • Gross Rent Multiplier Actual: 41.66
  • Gross Rent Multiplier Projected: 15.93
  • Gross Sched Income Actual: 15600
  • Gross Sched Income Projected: 40800
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Jan 30, 2020
Sold by
Balkenbush Megan D
Bought by
Doan Deirdra L and Doan John M
Seller's Agent
Alanna Strei
eXp Realty of California, Inc.
Buyer's Agent
Evan Campbell
LPT Realty,Inc
List Price
$649,999
Sold Price
$650,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
$924,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,583
Avg. Annual Appreciation
7.29%

Purchase Details

Listed on
Aug 20, 2016
Closed on
Oct 6, 2016
Sold by
1559 Republic Inc Dated December 26 2015
Bought by
Balkenbush Megan D
Seller's Agent
Melissa Tucci
Melissa Goldstein Tucci
Buyer's Agent
Bonnie Frazier
ERA Ranch & Sea Realty
List Price
$485,000
Sold Price
$485,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.46%
Original Mortgage
$495,427
Interest Rate
3.42%
Mortgage Type
VA

Purchase Details

Closed on
Jan 14, 2016
Sold by
Durbin Dale H and The Durbin Family Trust
Bought by
1559 Republic Nc 121315 Trust and Dion Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,000
Interest Rate
3.68%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 13, 2011
Sold by
American Horizons Ltd
Bought by
Durbin Mitchell C and Durbin Family Trust

Purchase Details

Closed on
Sep 12, 2002
Sold by
Culver Rolon and Culver Rhonda
Bought by
American Horizons Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.22%

Purchase Details

Closed on
May 23, 2002
Sold by
Culver Katrina
Bought by
Culver Rolon
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
Doan Deirdra L $650,000 Equity Title
Balkenbush Megan D $485,000 Corinthian Title Company Sd
1559 Republic Nc 121315 Trust $90,000 Corinthian Title Company
Durbin Mitchell C $25,000 Orange Coast
American Horizons Ltd $53,000 South Coast Title
Culver Rolon -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Balkenbush Megan D $495,427
Previous Owner 1559 Republic Nc 121315 Trust $311,000
Previous Owner American Horizons Ltd $125,000
Previous Owner Sky Horizon Development Iii $50,000
Previous Owner American Horizons Ltd $236,000
Previous Owner American Horizons Ltd $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2020 02/13/20 Sold $650,000 0.0% $270 / Sq Ft
01/30/2020 01/30/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $649,999 +34.0% $270 / Sq Ft
11/16/2016 11/16/16 Sold $485,000 0.0% $302 / Sq Ft
08/20/2016 08/20/16 Pending -- -- --
08/14/2016 08/14/16 For Sale $485,000 -- $302 / 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 $8,508 $710,866 $464,798 $246,068
2024 $8,508 $696,929 $455,685 $241,244
2023 $8,318 $683,264 $446,750 $236,514
2022 $8,096 $669,868 $437,991 $231,877
2021 $8,039 $656,734 $429,403 $227,331
2020 $6,363 $514,685 $212,241 $302,444
2019 $6,249 $504,594 $208,080 $296,514
2018 $5,843 $494,700 $204,000 $290,700
2017 $80 $485,000 $200,000 $285,000
2016 $687 $56,275 $56,275 $0
2015 $677 $55,430 $55,430 $0
2014 $667 $54,345 $54,345 $0
Source: Public Records

Agents Affiliated with this Home

  • Alanna Strei

    Seller's Agent in 2020

    Alanna Strei

    eXp Realty of California, Inc.

    (619) 889-2466

    108 Total Sales

    Alanna Strei
    Section Image
  • Evan Campbell

    Buyer's Agent in 2020

    Evan Campbell

    LPT Realty,Inc

    (858) 229-4079

    24 Total Sales

    Evan Campbell
    Section Image
  • Melissa Tucci

    Seller's Agent in 2016

    Melissa Tucci

    Melissa Goldstein Tucci

    (619) 787-6852

    3 in this area

    577 Total Sales

    Melissa Tucci
    Section Image

  • B

    Buyer's Agent in 2016

    Bonnie Frazier

    ERA Ranch & Sea Realty

See All Agents

Map

Source: San Diego MLS

MLS Number: 200003314

San Diego MLS

APN: 543-060-24

California San Diego County San Diego 92114 Encanto

1559 Republic St, San Diego, CA

This home is located at 1559 Republic St, San Diego, CA 92114 since 21 January 2020 and is currently estimated at $924,583, approximately $383 per square foot. This property was built in 2016. 1559 Republic St is a home located in San Diego County with nearby schools including Encanto Elementary School, Millennial Tech Middle School, and Lincoln High School.

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