NOT LISTED FOR SALE

1842 Observation Way Unit 1 Chula Vista, CA 91915

Otay Ranch Neighborhood

Estimated Value: $700,304 - $741,000

2 Beds
2.5 Baths
1,475 Sq Ft
$347/mo HOA Fee

Last Sold June 16, 2021

Last sale price $620,000 $420 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,256/month

3 Days on Market

Highlights

  • Contemporary Architecture
  • Community Pool
  • Living Room
  • Wolf Canyon Elementary School Rated A-
  • 2 Car Attached Garage
  • Level Lot

About This Home

As of June 2021

Elegant 2 bedroom, 2.5 bathroom, multi-level condo with a loft in the community of Chula Vista! This end unit condo features tile and carpet flooring, a gourmet kitchen, a private view balcony, and spacious bedrooms. Kitchen features include a stylish tile backsplash, a breakfast bar, and stainless steel appliances. The primary bedroom offers a walk-in closet, dual sinks in the primary bathroom, and a beautifully tiled walk-in shower. Additional property features include the 2 car attached garage and stackable laundry closet. Community amenities include the resort-like swimming pool and spa, playground, barbecue area, and walking paths. Convenient to area schools, shops, parks, restaurants, and major freeways!

Last Listed By

Justin Tye

Active Realty Inc License #01728694 Listed on: 05/07/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,198

Year Built

  • Built in 2016

Lot Details

  • Fence is in good condition

HOA Fees

  • $347 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Modern Architecture
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1,475 Sq Ft Home
  • 3-Story Property
  • Living Room

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Schools

  • Chula Vista Elementary District
  • Sweetwater Union High School District Middle School
  • Sweetwater Union High School District

Listing and Financial Details

  • Assessor Parcel Number 643-063-08-04
  • $3,059 annual special tax assessment

Community Details

Overview

  • Association fees include common area maintenance
  • 4 Units
  • First Service Residential Association, Phone Number (800) 527-3914
  • Element And Z Community

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,198

Year Built

Built in 2016

Lot Details

0

HOA Fees

$347 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Attached
  • Architectural Style: Contemporary, Modern
  • Residential Styles: All Other Attached
  • Market Area: South Bay
  • Cross Street: Strata Ave & Eastlake Pkwy
  • Neighborhood: Chula Vista
  • LP / Sq Ft: 401.29
  • Price Per Sq Ft: 420.34
  • SP/ Sq Ft: 420.34
  • Stories: 3 Story
  • Stories In Building: 3
  • Ownership: Condominium
  • Total Stories: 3
  • Year Built: 2016
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Unit Number Space Number: 1
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Equipment Available: Dishwasher, Range/Oven, Refrigerator
  • Searchable Rooms: Kitchen, Living Room
  • Total Bedrooms: 2
  • Bedrooms: 2
  • Master Bedroom Dimensions: 13x12
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Laundry Location: Inside
  • Estimated Sq Ft: 1475
  • Total Bathrooms: 3

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Good Condition
  • Pool: Community/Common, Association
  • Roof: Composition

Garage/Parking

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

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Gas & Electric Dryer HU
  • Sewer/Septic: Unknown
  • Water: Public
  • Heating: Forced Air Unit
  • Heating Fuel: Electric

Condo/Co-op/Association

  • Complex Name: Element And Z
  • Total Fees: 4164.0
  • Units In Building: 4
  • Total Number of Units: 176
  • Community: CHULA VISTA
  • Home Owner Association: First Service Residential
  • Home Owner Association Fee Includes: Common Area Maintenance
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 347.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 800-527-3914

Association/Amenities

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

Fee Information

  • CFD Mello Roos Fee: 3059.0
  • CFD Mello Roos Fee Reflects: Year
  • Total Monthly Fees: 602
  • CFD Mello Roos Fee Frequency: Annual

Schools

  • School District URL: http://www.suhsd.k12.ca.us/
  • Elementary School: Chula Vista Elementary District
  • Elementary School Website: http://www.cvesd.org/Pages/home.aspx
  • High School: Sweetwater Union High School District
  • Middle School Url: http://www.suhsd.k12.ca.us/
  • Middle School: Sweetwater Union High School District

Lot Info

  • Lot Size: 4+ to 10 AC
  • Topography: Level
  • Assessor Parcel Number: 643-063-08-04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
May 17, 2021
Sold by
Zillow Homes Property Trust
Bought by
Bennett Bryan Alexander and Castro Maria Eugenia
Seller's Agent
Justin Tye
Active Realty Inc
Buyer's Agent
Margaret Alcantar
Intero Real Estate Services
List Price
$591,900
Sold Price
$620,000
Premium/Discount to List
$28,100
4.75%
Total Days on Market
3
Current Estimated Value
$717,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,076
Avg. Annual Appreciation
3.78%
Original Mortgage
$642,320
Outstanding Balance
$586,583
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$130,493

Purchase Details

Closed on
Apr 16, 2021
Sold by
Anderson Nicholas and Anderson C
Bought by
Zillow Homes Property Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$642,320
Outstanding Balance
$586,583
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$130,493

Purchase Details

Listed on
Jan 25, 2020
Closed on
May 2, 2020
Sold by
Shea Homes Limited Partnership
Bought by
Anderson Nicholas James and Anderson Delanie C
Seller's Agent
Lisa Sanshey-Beaudin
Shea Advantage
Buyer's Agent
Aaron Castagna
eXp Realty of California, Inc.
List Price
$525,911
Sold Price
$498,435
Premium/Discount to List
-$27,476
-5.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%
Original Mortgage
$473,513
Interest Rate
3.3%
Mortgage Type
New Conventional

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
Bennett Bryan Alexander $620,000 Fin Title
Zillow Homes Property Trust $554,000 Fin Title
Anderson Nicholas James $498,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bennett Bryan Alexander $642,320
Previous Owner Anderson Nicholas James $473,513
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2021 06/16/21 Sold $620,000 +4.7% $420 / Sq Ft
05/11/2021 05/11/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $591,900 +18.8% $401 / Sq Ft
05/15/2020 05/15/20 Sold $498,435 -5.2% $338 / Sq Ft
04/05/2020 04/05/20 Pending -- -- --
01/25/2020 01/25/20 For Sale $525,911 -- $357 / 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 $11,198 $657,946 $273,202 $384,744
2023 $11,003 $645,046 $267,846 $377,200
2022 $10,659 $632,399 $262,595 $369,804
2021 $9,100 $503,597 $181,864 $321,733
2020 $4,064 $63,653 $63,653 $0
2019 $3,980 $62,405 $62,405 $0
2018 $3,891 $61,182 $61,182 $0
Source: Public Records

Agents Affiliated with this Home

  • Justin Tye

    Seller's Agent in 2021

    Justin Tye

    Active Realty Inc

    (949) 381-8581

    25 in this area

    2,359 Total Sales

    Justin Tye
    Section Image
  • Zandra Ulloa

    Seller Co-Listing Agent in 2021

    Zandra Ulloa

    Team Z Realty

    (619) 913-2703

    42 in this area

    1,188 Total Sales

    Zandra Ulloa
    Section Image

  • M

    Buyer's Agent in 2021

    Margaret Alcantar

    Intero Real Estate Services

  • P

    Buyer's Agent in 2021

    Philip Corbett

    RE/MAX Tidal

    Section Image
  • Lisa Sanshey-Beaudin

    Seller's Agent in 2020

    Lisa Sanshey-Beaudin

    Shea Advantage

    (619) 572-1060

    31 in this area

    108 Total Sales

    Lisa Sanshey-Beaudin
    Section Image
  • Aaron Castagna

    Buyer's Agent in 2020

    Aaron Castagna

    eXp Realty of California, Inc.

    (760) 310-9625

    1 in this area

    53 Total Sales

    Aaron Castagna
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210012137

San Diego MLS

APN: 643-063-08-04

California San Diego County Chula Vista 91915 Otay Ranch

1842 Observation Way Unit 1, Chula Vista, CA

Homes for Sale in Chula Vista, CA

This home is located at 1842 Observation Way Unit 1, Chula Vista, CA 91915 since 07 May 2021 and is currently estimated at $717,076, approximately $486 per square foot. This property was built in 2016. 1842 Observation Way Unit 1 is a home located in San Diego County with nearby schools including Wolf Canyon Elementary School, Eastlake Middle School, and Olympian High School.

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