NOT LISTED FOR SALE

Estimated Value: $693,000 - $802,000

2 Beds
2 Baths
1,297 Sq Ft
$550/mo HOA Fee

Last Sold June 30, 2022

Last sale price $720,000 $555 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,157/month

8 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Balcony
  • Bay View
  • Clubhouse
  • 3-minute walk to Tweet Street Park

About This Home

As of June 2022

Amazing Downtown Living! This top floor 2 bedroom, 2 bath, 1,297 sq ft unit is located in the most northern part of downtown, Cortez Hill. This home has been upgraded with white Brazilian Pecan wood-like tile flooring in the main living areas, hardwood in the bedrooms, granite countertops, stainless steel appliances and white cabinets. It has in-unit laundry and its own private balcony with views of the bay and the iconic Balboa Park. This home also has two underground parking spots and a separate storage area in the garage. Conveniently located near restaurants, bars, shops in both the Gaslamp and Little Italy. Act fast before it is gone!

Last Agent to Sell the Property

Logan Henry

Coldwell Banker Realty License #01948799 Listed on: 05/12/2022

Coldwell Banker Realty

Last Buyer's Agent

Christina Torres

Compass License #02064668

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,215

Year Built

  • Built in 2004

Lot Details

  • 1.01

HOA Fees

  • $550 Monthly HOA Fees

Parking

  • Subterranean Parking

Property Views

  • Bay

Home Design

  • Membrane Roofing
  • Stucco Exterior

Interior Spaces

  • 1,297 Sq Ft Home
  • Dining Area

Kitchen

  • Oven or Range
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Full Size Washer or Dryer
  • Dryer
  • Washer

Home Security

Utilities

  • Separate Water Meter
  • Cable TV Available

Additional Features

  • Gated Home

Listing and Financial Details

  • Assessor Parcel Number 534-011-12-68

Community Details

Overview

  • Association fees include common area maintenance, exterior (landscaping), exterior bldg maintenance, gated community, limited insurance, roof maintenance, sewer, trash pickup
  • $43 Other Monthly Fees
  • 70 Units
  • The Mills At Cortez Hill Association, Phone Number (800) 400-2284
  • The Mills At Cortez Hill Community
  • 5-Story Property

Amenities

  • Clubhouse

Recreation

Pet Policy

  • Breed Restrictions

Security

  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,215

Year Built

Built in 2004

Lot Details

0

HOA Fees

$550 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Attached
  • Residential Styles: All Other Attached
  • Market Area: Metro Central
  • Cross Street: Cedar
  • Neighborhood: Cortez Hill
  • Estimated Living Space: 1,000 to 1,499 SqFt
  • LP / Sq Ft: 535.77
  • Price Per Sq Ft: 555.13
  • Residential Unit Location: No Unit Above
  • SP/ Sq Ft: 555.13
  • Stories: 1 Story
  • Stories In Building: 5
  • Ownership: Condominium
  • Total Stories: 1
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Sub Flooring: Slab other Story
  • Equipment Available: Dishwasher, Disposal, Dryer, Fire Sprinklers, Microwave, Range/Oven, Refrigerator, Washer, Electric Cooking
  • Elevator: Yes
  • Searchable Rooms: Dining Area
  • Total Bedrooms: 2
  • Bedrooms: 2
  • Master Bedroom Dimensions: 12x11
  • Full Bathrooms: 2
  • Laundry Location: Closet Full Sized
  • Estimated Sq Ft: 1297
  • Total Bathrooms: 2

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate
  • Patio: Balcony
  • Roof: Membrane
  • View: Bay, City, Evening Lights

Garage/Parking

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

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Electric
  • Security: Gated Community, Fire Sprinklers
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Forced Air Unit
  • Heating Fuel: Electric
  • Telecommunications: Cable (coaxial)

Condo/Co-op/Association

  • Complex Name: The Mills At Cortez Hill
  • Pets Allowed: Allowed w/Restrictions
  • Units In Building: 70
  • Total Number of Units: 134
  • Property Management Company: Action PM
  • Property Management Phone: 800-400-2284
  • Community: DOWNTOWN
  • Complex Features: Clubhouse/Rec Room, Exercise Room, Gated Community, Pet Restrictions
  • Home Owner Association: The Mills at Cortez Hill
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior (Landscaping), Exterior Bldg Maintenance, Gated Community, Limited Insurance, Roof Maintenance, Sewer, Trash Pickup
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 550.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 800-400-2284
  • Other Fees Payment Frequency: Monthly

Association/Amenities

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

Fee Information

  • Total Monthly Fees: 593
  • Other Fees: 42.83
  • Other Fees Reflect: Month

Lot Info

  • Lot Size: 0 (Common Interest)
  • Site: Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R1
  • Assessor Parcel Number: 534-011-12-68
  • Water District URL: http://www.ci.san-diego.ca.us/water

Multi Family

  • Percentage Owner Occupancy: 60.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
May 27, 2022
Sold by
Cindy Williams
Bought by
Merkel Granton and Larson Brigette
Seller's Agent
Logan Henry
Coldwell Banker Realty
Buyer's Agent
Christina Torres
Compass
List Price
$694,900
Sold Price
$720,000
Premium/Discount to List
$25,100
3.61%
Current Estimated Value
$701,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,725
Avg. Annual Appreciation
-0.15%
Original Mortgage
$656,260
Outstanding Balance
$626,099
Interest Rate
5.25%
Mortgage Type
VA
Estimated Equity
$90,504

Purchase Details

Listed on
Jun 9, 2017
Closed on
Jul 10, 2017
Sold by
Aarestad Brian and Aarestad Erika
Bought by
Williams Cindy
Seller's Agent
Brian Aarestad
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Logan Henry
Coldwell Banker Realty
List Price
$575,000
Sold Price
$570,000
Premium/Discount to List
-$5,000
-0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%
Original Mortgage
$275,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 30, 2014
Closed on
Aug 12, 2014
Sold by
Lambert Ty B and Lambert Charlene
Bought by
Aarestad Brian and Garcia Erika
Seller's Agent
Gregg Neuman
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Brian Aarestad
Berkshire Hathaway HomeServices California Properties
List Price
$395,000
Sold Price
$367,153
Premium/Discount to List
-$27,847
-7.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.69%
Original Mortgage
$275,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2004
Sold by
Cortez Hill Llc
Bought by
Lambert Ty B and Lambert Charlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,347
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Merkel Granton $720,000 First American Title
Williams Cindy $570,000 California Title Company
Aarestad Brian $367,500 California Title Company
Lambert Ty B $560,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merkel Granton $656,260
Previous Owner Williams Cindy $275,000
Previous Owner Aarestad Brian James $275,000
Previous Owner Lambert Ty B $448,347
Closed Lambert Ty B $84,065
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $720,000 +3.6% $555 / Sq Ft
05/21/2022 05/21/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $694,900 +21.9% $536 / Sq Ft
07/13/2017 07/13/17 Sold $570,000 -0.9% $439 / Sq Ft
06/14/2017 06/14/17 Pending -- -- --
06/09/2017 06/09/17 For Sale $575,000 +56.6% $443 / Sq Ft
09/05/2014 09/05/14 Sold $367,153 -7.0% $283 / Sq Ft
08/08/2014 08/08/14 Pending -- -- --
07/30/2014 07/30/14 For Sale $395,000 -- $305 / 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 $9,215 $764,063 $208,102 $555,961
2024 $9,215 $738,000 $201,000 $537,000
2023 $8,619 $692,000 $188,000 $504,000
2022 $7,651 $611,151 $166,455 $444,696
2021 $7,591 $599,169 $163,192 $435,977
2020 $7,496 $593,026 $161,519 $431,507
2019 $7,357 $581,399 $158,352 $423,047
2018 $6,881 $570,000 $155,248 $414,752
2017 $4,625 $380,206 $103,555 $276,651
2016 $4,547 $372,752 $101,525 $271,227
2015 $4,475 $367,153 $100,000 $267,153
2014 $4,359 $358,000 $108,000 $250,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220011621

San Diego MLS

APN: 534-011-12-68