$498,435
SOLD MAY 15, 2020

1842 Observation Way Unit 1 Chula Vista, CA 91915

Otay Ranch Neighborhood
3 Beds
2.5 Baths
1,475 Sq Ft
$327/mo HOA Fee

Recently Sold

$338 Per Sq Ft

5% Below List Price

71 Days on Market

Highlights

  • Community Pool
  • Living Room
  • Forced Air Heating and Cooling System
  • Wolf Canyon Elementary School Rated A-
  • Laundry Room
  • Wood Siding

About This Home

As of June 2021

Model home plan 3 available in prime location facing park. Anticipated move in May. This model home is loaded with builder upgrades and designer touches. 2 Br, loft, 2.5 Ba & 2 Car attached garage. Private gated entry with spacious patio and deck for outdoor living. Stunning open kitchen w/stained shaker style cabinets, upgraded counters, stainless steel appliances, & Gourmet Island. Living, dining areas and master suites deliver elegance. Newly included "Smart Home Connectivity. Please see supplement. Refrigerator, washer and dryer included plus much more! Distinctively urban architecture, Decorative metal siding, clean-lined brick veneer and wood accents per architectural plan, Smooth panel roll up garage door. Therma Tru front door in a designer selected color scheme with Kwikset® Tavaris polished chrome door hardware and satin etched glass, Composition shingle roof for a clean modern look, distinctive European style white Thermofoil cabinetry with stainless steel pulls , Smooth finish five panel interior doors with Kwikset® Ladera polished chrome hardware, Sleek door casings and 3.5 inch baseboards, Advanced Category 5e wiring for high-speed computer and telephone connections, USB/Duplex outlet at kitchen,6 inch x 6 inch white ceramic tile on shower walls with 2 inch x 2 inch white ceramic tile on shower floor, Cultured marble countertops with square edge with 4” back splash, Moen ® Align series hardware trim in shower and sink, Conduit for a future electric car charging station *Conduit only, trim not included, Rinnai® tankless water heater with expansion tank, vinyl dual-pane windows with low-e glass. Element and Z at Millenia, where urban living is transformed into a complete lifestyle. A network of shops, parks, and restaurants intertwines as the epicenter of an upbeat culture. This exclusive neighborhood is truly a mini-metropolis unto itself, tucked away in San Diego’s growing South County. Every home in Element and Z is marked by exceptional...

Last Agent to Sell the Property

Lisa Sanshey-Beaudin

Shea Advantage License #00876338 Listed on: 01/25/2020

Last Buyer's Agent

Aaron Castagna

eXp Realty of California, Inc. License #01458327

eXp Realty of California, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,198

Year Built

  • Built in 2016

HOA Fees

  • $327 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

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

Kitchen

  • Gas Oven or Range
  • Free-Standing Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 176 Units
  • First Service Residential Association, Phone Number (800) 527-3914
  • Z

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,198

Year Built

Built in 2016

Lot Details

0

HOA Fees

$327 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Park Name: Z
  • Property Attached: Yes
  • Subdivision Name Other: Chula Vista
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 9999999999
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Living Area: 1475.00
  • Stories: 3
  • Entry Location: 1
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 337.92
  • Room Type: Living Room, Master Bedroom, All Bedrooms Up, Entry, Laundry, Master Bathroom

Exterior Features

  • Fence: No
  • Pool Features: Community
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Free-Standing Range, Gas Cooking
  • Heating Type: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 327.00
  • Association Fee Frequency: Monthly
  • Association Name: First Service Residential
  • Phone: 800-527-3914

Multi Family

  • Number Of Units In Community: 176

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%
Current Estimated Value
$713,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,063
Avg. Annual Appreciation
3.48%
Original Mortgage
$642,320
Outstanding Balance
$586,583
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$126,480

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
$126,480

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
7.16%
Original Mortgage
$473,513
Interest Rate
3.3%
Mortgage Type
New Conventional
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 $620,000 Fin Title
Grant Deed $554,000 Fin Title
Grant Deed $498,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $642,320 VA
Previous Owner $473,513 New Conventional
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: California Regional Multiple Listing Service (CRMLS)

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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200004198

California Regional Multiple Listing Service (CRMLS)

APN: 643-063-08-04