NOT LISTED FOR SALE

1848 Observation Way Unit 2 Chula Vista, CA 91915

Otay Ranch Neighborhood

Estimated Value: $589,000 - $675,000

3 Beds
2.5 Baths
1,430 Sq Ft
$450/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $609,900 $427 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,915/month

6 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Modern Architecture
  • Community Pool
  • Wolf Canyon Elementary School Rated A-
  • Pool View
  • Outdoor Cooking Area

About This Home

As of March 2023

Imagine stepping into your brand new, South-facing townhome with a stunning pool view located in the highly desirable community of "Element & Z at Millenia". This luxurious townhome boasts 3 bedrooms, 2 1/2 bathrooms, and a 2-car attached garage. As you enter through the private gated entry, you'll be greeted by a spacious patio and deck, perfect for relaxing and enjoying the beautiful So Cal weather. Inside, you'll find modern finishes and high-end upgrades in this almost brand-new home. The white shaker cabinets with quartz countertops, large single basin stainless steel sink, and glass subway tile backsplash in the kitchen are sure to impress. Cooking is a breeze with the stainless steel gas range and microwave. The 2nd floor and entrances have luxury vinyl flooring (LVP), and the 3rd-floor bathrooms and laundry closet have upgraded tile. Plantation shutters throughout the home including the slider provide both privacy and style. The home is pre-wired for surround sound in the living room and wired for Smart home tech including Cat6 wiring and fiber internet available for blazing-fast internet speeds. You'll love the convenience of the wireless garage door opener, iDevices-enabled light switches, Smart door lock, and Wi-Fi thermostat. With the Ring Doorbell camera, you'll always know who's at the front door. And, you'll appreciate the energy savings from the Rinnai tankless water heater, whole-house fan, and vinyl dual-pane windows with Low-E glass. And of course year-round comfort with air conditioning. The spacious master bedroom and living room have Apple Smart device switches and USB plugs. The garage even has overhead storage installed for extra organization conduit for a future electric car charging station. The community amenities are just as impressive with a pool and Jacuzzi, BBQ's, Tot Lot (Playground) and Dog Park in the community. It's also located right next to public Orion Park with a dog park and playground, close to lots of walking trails, and many other parks in the community including Strata, Millenia, Metro Park, and soon-to-be-built Montage Park. The community is within walking distance to many restaurants and shopping just one block away, and the Metro Park has restaurants planned as part of it. Don't miss out on the opportunity to live in this luxury townhome in one of the most desirable communities in the area. Book a showing today and make this your dream home.

Last Agent to Sell the Property

Curtis Chism

eXp Realty of Southern Calif. License #02105113 Listed on: 02/09/2023

eXp Realty of Southern Calif.

Last Buyer's Agent

Arianna Ramirez

Keller Williams Realty License #02202587

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,736

Year Built

  • Built in 2020

Lot Details

  • 10

HOA Fees

  • $469 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Modern Architecture
  • Turnkey

Interior Spaces

  • 1,430 Sq Ft Home
  • 3-Story Property
  • Entryway
  • Living Room
  • Pool Views

Kitchen

  • <<builtInRangeToken>>
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • All Upper Level Bedrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 1 Common Wall
  • Suburban Location

Listing and Financial Details

  • Tax Tract Number 1299
  • Assessor Parcel Number 6430630807
  • $3,300 per year additional tax assessments

Community Details

Overview

  • 176 Units
  • Element/Z Association, Phone Number (619) 500-2108
  • Built by Shea
  • Element Z Millenia

Recreation

  • Community Playground
  • Community Pool
  • Park
  • Dog Park
  • Bike Trail

Additional Features

  • Outdoor Cooking Area
  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,736

Year Built

Built in 2020

Lot Details

0

HOA Fees

$469 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Park Name: Element Z Millenia
  • Property Attached: Yes
  • Subdivision Name Other: Millenia
  • View: Yes
  • Zoning: R-1 per tax data
  • Architectural Style: Modern
  • Property Condition: Turnkey
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 6430630807
  • Year Built: 2020
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1430.00 Square Feet
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 426.50
  • Room Type: All Bedrooms Up, Entry, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • View: Pool
  • Fence: No
  • Builder Name: Shea
  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Range, Gas Cooktop, Gas Water Heater, Microwave, Water Heater
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Management, Outdoor Cooking Area, Playground, Pool
  • Association Fee: 469.00
  • Association Fee Frequency: Monthly
  • Association Name: Element/Z
  • Phone: (619) 500-2108
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban, Biking, Dog Park, Park

Schools

  • School District: Sweetwater Union

Lot Info

  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 176

Tax Info

  • Tax Tract Number: 01299
  • TaxOtherAnnualAssessmentAmount: 3299.64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Feb 17, 2023
Sold by
Laxamana Aaron Mina and Laxamana Pearl
Bought by
Romero Jacob
Seller's Agent
Curtis Chism
eXp Realty of Southern Calif.
Buyer's Agent
Arianna Ramirez
Keller Williams Realty
List Price
$599,900
Sold Price
$609,900
Premium/Discount to List
$10,000
1.67%
Views
63
Current Estimated Value
$643,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,100
Avg. Annual Appreciation
5.02%
Original Mortgage
$579,405
Outstanding Balance
$564,334
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$118,333

Purchase Details

Closed on
Jan 6, 2020
Sold by
Shea Homes Limited Partnership
Bought by
Laxamana Aaron Mina and Feliciano Pearl San

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,716
Interest Rate
3.2%
Mortgage Type
New Conventional
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
Romero Jacob $610,000 Homelight Title
Laxamana Aaron Mina $431,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero Jacob $579,405
Previous Owner Laxamana Aaron Mina $409,716
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2023 03/15/23 Sold $609,900 +1.7% $427 / Sq Ft
02/15/2023 02/15/23 Pending -- -- --
02/09/2023 02/09/23 For Sale $599,900 +39.1% $420 / Sq Ft
06/18/2020 06/18/20 Sold $431,281 +0.8% $302 / Sq Ft
12/20/2019 12/20/19 Pending -- -- --
11/04/2019 11/04/19 For Sale $428,000 -- $299 / 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 $10,736 $622,097 $259,638 $362,459
2023 $8,749 $444,462 $185,501 $258,961
2022 $8,483 $444,462 $185,501 $258,961
2021 $8,287 $435,748 $181,864 $253,884
2020 $4,016 $63,653 $63,653 $0
2019 $3,933 $62,405 $62,405 $0
2018 $3,845 $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: PTP2300640

California Regional Multiple Listing Service (CRMLS)

APN: 643-063-08-07