NOT LISTED FOR SALE

1848 Observation Way Unit 3 Chula Vista, CA 91915

Otay Ranch Neighborhood

Estimated Value: $683,000 - $781,692

3 Beds
2 Baths
1,430 Sq Ft
10.01 Acres Lot

Sale Details

Date Sold: July 7, 2022

Last sale price $770,000 $538 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,290 / mo

16 Days on Market

Highlights

  • In Ground Pool
  • Pool View
  • 2 Car Attached Garage
  • Wolf Canyon Elementary School Rated A-
  • Community Fire Pit
  • Community Playground

About This Home

As of July 2022

A stunning home nestled in one of the newest and most desired neighborhoods ELEMENT "Z" @ Milenia.  Situated in one of the best locations with poolside views.  Elegance, spacious, and open floor plan with attention to details.  This pride of ownership delivers you a lifestyle with upgraded wood flooring, upgraded quartz countertops, upgraded LED recessed lighting, upgraded Island with dual stainless steel sinks, upgraded plantation shutters, and a paradise entryway to your home. 3 bedrooms, 2.5 bathrooms, 2 car attached garage, and patio with poolside views all wrapped up in a smart home with a tankless water heater.  Enjoy your surroundings with a community pool, parks, BBQ, dog park, and so much more like your proximity to Otay Rancho Town Center and accessibility to FWY 125.  If you were looking for the right home?  You just found home. More and more upgrades including: Paradigm Fossil Luxury Vinyl plank at Entry, Stair 1, all of second level ,laundry, master bath and bath 2. Dorado Carpet color Canteen with 1/2" 81b padding at stair #2, all bedrooms and upstairs hall on 3rd floor. Step Light Package, OPT Insulation Pkg-Option, Upgraded paint to Sherwin Williams Velvin Flat in choice of designer color. Music Package "PREWIRE ONLY". 5.1 Surround Sound Pre-Wire Package. Security System Package, OPT Closet Organizer-Basic System @ Master Bedroom White Melamine, UPG Kitchen Sink- Amerisink Double Basin (60/40) Undermoun Stainless Steel, UPG Appliance Package, OPT Refrigerator 2 - GE French Door Counter Depth with external dispenser - Stainless Steel, UPG Powder Framed Mirror, Bath 2 Tub Enclosure, UPG Cabinet, OPT Recycle Bin in Kitchen, Option - Bath 2 Master, Bath 2 and powder counter: One Quartz Kodak with square edge and 4" splash, Custom Option - Kitchen Kitchen perimeter and island: Silestone Bianco Calacatta Quartz with square edge and WATERFALL at island. Kitchen splash: AT 3D Haisa Blue split stack stone, Custom Option - Master Master shower:EPC cottage white 3 x 12 subway tile to lid. Shower pan: A20 Union industrial gray mosaic. Frosted Glass Sliding Barn Door at Master Bed to Master Bath - Matte Black Frame. Master Bedroom Double Sided Mirror Walk-in Closet Door. Brushed Nickel Finish Package - Mon Faucets "Align" Series in all Baths. Coordinating Bath Accessories. Rough Plumbing for Future Raincans - Rain Can Shower Head -Ceiling Mount Mon. Water System Package.

Last Agent to Sell the Property

Cesar Zepe Ybarra

Coldwell Banker West License #01850330 Listed on: 05/26/2022

Coldwell Banker West

Co-Listed By

Fabiola Gonzalez

Coldwell Banker West License #01402106

Last Buyer's Agent

Lily Luu

HNA Realty, Inc. License #01981996

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2020

Lot Details

  • 10.01

HOA Fees

  • $347 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,430 Sq Ft Home
  • Pool Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Utilities

  • Central Air
  • No Heating

Additional Features

  • In Ground Pool
  • Two or More Common Walls

Listing and Financial Details

  • Tax Tract Number 1299
  • Assessor Parcel Number 6430630806
  • $3,205 per year additional tax assessments

Community Details

Overview

  • 176 Units
  • Mellenia Association, Phone Number (800) 428-5588

Amenities

  • Community Fire Pit
  • Community Barbecue Grill

Recreation

  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Year Built

Built in 2020

Lot Details

10.01 Acres

HOA Fees

$347 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: R-1:SINGLE FAM-RES
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 6430630806
  • Year Built: 2020
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Living Area: 1430.00
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 538.46

Exterior Features

  • View: Pool
  • Fence: No
  • Pool Features: Community, In Ground
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Fire Pit, Management, Pet Rules, Pets Permitted, Playground
  • Association Fee: 347.00
  • Association Fee Frequency: Monthly
  • Association Name: Mellenia
  • Phone: 800-428-5588
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No

Multi Family

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

Tax Info

  • Tax Tract Number: 01299
  • TaxOtherAnnualAssessmentAmount: 3205.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2022
Closed on
Jul 7, 2022
Sold by
Romero Salgado Adrian Joseph
Bought by
Ngo Minhthy Thi
Seller's Agent
Cesar Zepe Ybarra
Coldwell Banker West
Buyer's Agent
Lily Luu
HNA Realty, Inc.
List Price
$795,000
Sold Price
$770,000
Premium/Discount to List
-$25,000
-3.14%
Current Estimated Value
$733,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,762
Avg. Annual Appreciation
-0.91%
Original Mortgage
$500,000
Outstanding Balance
$472,945
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$269,978

Purchase Details

Listed on
May 26, 2022
Closed on
Jun 15, 2022
Sold by
Toledo Beltran Karla Merary
Bought by
Salgado Adrian Joseph Romer
Seller's Agent
Cesar Zepe Ybarra
Coldwell Banker West
Buyer's Agent
Lily Luu
HNA Realty, Inc.
List Price
$795,000
Sold Price
$770,000
Premium/Discount to List
-$25,000
-3.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$472,945
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$269,978
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Ngo Minhthy Thi $770,000 First American Title
Salgado Adrian Joseph Romer -- First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Ngo Minhthy Thi $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2022 07/07/22 Sold $770,000 0.0% $538 / Sq Ft
06/11/2022 06/11/22 Pending -- -- --
06/01/2022 06/01/22 Price Changed $770,000 -3.1% $538 / Sq Ft
05/26/2022 05/26/22 For Sale $795,000 +67.4% $556 / Sq Ft
07/01/2020 07/01/20 Sold $474,955 +10.7% $332 / Sq Ft View Prior Sale
12/04/2019 12/04/19 Pending -- -- --
11/04/2019 11/04/19 For Sale $429,000 -- $300 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,606 $801,108 $551,412 $249,696
2024 $12,606 $785,400 $540,600 $244,800
2023 $12,055 $741,000 $510,000 $231,000
2022 $8,936 $484,454 $183,600 $300,854
2021 $8,729 $474,955 $180,000 $294,955
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: PTP2203459

California Regional Multiple Listing Service (CRMLS)

APN: 643-063-08-06

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