NOT LISTED FOR SALE

1855 Observation Way Unit 5 Chula Vista, CA 91915

Otay Ranch Neighborhood

Estimated Value: $695,000 - $829,000

3 Beds
2.5 Baths
1,430 Sq Ft
$4,104/mo HOA Fee

Last Sold September 29, 2022

Last sale price $642,600 $449 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,910/month

123 Days on Market

Highlights

  • 10.01 Acre Lot
  • Community Pool
  • 2 Car Attached Garage
  • Wolf Canyon Elementary School Rated A-
  • Formal Dining Room
  • Family Room

About This Home

As of September 2022

This charming 3 bedroom, 2 bathroom, 2 car garage home is now on the market! The kitchen boasts generous counter space and a breakfast bar, making cooking and entertaining a delight. Discover a bright interior with neutral laminate floors and plush carpet in all the right places. The main bedroom boasts a private ensuite and walk-in closet. Other bedrooms offer plush carpet, ceiling fans, and sizable closets. Entertain on the patio, perfect for barbecues. Don't miss this incredible opportunity.

Last Agent to Sell the Property

Ben Braksick

Opendoor Brokerage Inc. License #02120512 Listed on: 04/30/2022

Opendoor Brokerage Inc.

Co-Listed By

DANIEL AVERY

Opendoor Brokerage Inc. License #01919703

Last Buyer's Agent

Clinton Jones

Connect Realty Inc License #01982216

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,118

Year Built

  • Built in 2018

Lot Details

  • 10.01

HOA Fees

  • $4,104 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor
  • Clay Roof
  • Stucco Exterior

Interior Spaces

  • 1,430 Sq Ft Home
  • 3-Story Property
  • Family Room
  • Formal Dining Room
  • Washer Hookup

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Chula Vista Elementary District

Utilities

  • Private Water Source

Listing and Financial Details

  • Assessor Parcel Number 643-063-07-36
  • $2,264 annual special tax assessment

Community Details

Overview

  • Association fees include common area maintenance
  • $42 Other Monthly Fees
  • 6 Units
  • Element Z Owners Association, Phone Number (800) 428-5588
  • Element Z Community

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,118

Year Built

Built in 2018

Lot Details

0

HOA Fees

$4,104 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Attached
  • Residential Styles: All Other Attached
  • Market Area: South Bay
  • Cross Street: CA-125 N, Birch Rd, Birch Rd
  • Neighborhood: unknown
  • LP / Sq Ft: 446.15
  • Price Per Sq Ft: 449.37
  • SP/ Sq Ft: 449.37
  • Stories: 3 Story
  • Stories In Building: 3
  • Ownership: Condominium
  • Total Stories: 3
  • Year Built: 2018
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Equipment Available: Dishwasher, Microwave, Counter Top
  • Searchable Rooms: Dining Room/Separate, Family Room, Kitchen, Master Bedroom, Master Bathroom
  • Total Bedrooms: 3
  • Bedrooms: 3
  • Master Bedroom Dimensions: 11x13
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Estimated Sq Ft: 1430
  • Total Bathrooms: 3

Exterior Features

  • Exterior Material: Stucco
  • Pool: Community/Common
  • Roof: Tile/Clay

Garage/Parking

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

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Washer Hookup
  • Sewer/Septic: Sewer Connected
  • Water: Private
  • Heating: Forced Air Unit
  • Heating Fuel: Natural Gas

Condo/Co-op/Association

  • Complex Name: Element Z
  • Units In Building: 6
  • Total Number of Units: 176
  • Home Owner Association: Element Z Owners
  • Home Owner Association Fee Includes: Common Area Maintenance
  • Home Owner Association Fee Reflects: Year
  • Home Owner Association Fees: 4104.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 8004285588
  • Other Fees Payment Frequency: Monthly
  • Other Fees Type: Cmmnty/Mstr Hm Owner Fees

Association/Amenities

  • Entry Level Unit: 1

Fee Information

  • CFD Mello Roos Fee: 2263.9
  • CFD Mello Roos Fee Reflects: Year
  • Total Monthly Fees: 573
  • Other Fees: 504.0
  • Other Fees Reflect: Year
  • CFD Mello Roos Fee Frequency: Annual

Schools

  • Elementary School: Chula Vista Elementary District
  • Elementary School Website: http://www.cvesd.org/Pages/home.aspx

Lot Info

  • Lot Size: 10+ to 20 AC
  • Topography: Level
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 643-063-07-36
  • Estimated Lot Sq Ft: 436055
  • Estimated Number of Acres: 10.01
  • Map Code Column: G
  • Map Code Page: 1331
  • Map Code Row: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2022
Closed on
Sep 26, 2022
Sold by
Opendoor Property Trust
Bought by
Dulce Jeffrey and Jaymalin Tracey
Seller's Agent
Ben Braksick
Opendoor Brokerage Inc.
Buyer's Agent
Clinton Jones
Connect Realty Inc
List Price
$740,000
Sold Price
$642,600
Premium/Discount to List
-$97,400
-13.16%
Current Estimated Value
$734,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,882
Avg. Annual Appreciation
3.13%
Original Mortgage
$630,960
Outstanding Balance
$605,194
Interest Rate
5.22%
Mortgage Type
FHA
Estimated Equity
$99,216

Purchase Details

Closed on
Apr 12, 2022
Sold by
Layman and Adriana
Bought by
Opendoor Property Trust

Purchase Details

Closed on
Aug 23, 2018
Sold by
Shea Homes Lp
Bought by
Layman Justin and Layman Adriana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$443,145
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Dulce Jeffrey $643,000 Spruce Title Company
Opendoor Property Trust $631,500 None Listed On Document
Layman Justin $436,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dulce Jeffrey $630,960
Previous Owner Layman Justin $432,250
Previous Owner Layman Justin $443,145
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $642,600 +0.7% $449 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
08/18/2022 08/18/22 Price Changed $638,000 -1.4% $446 / Sq Ft
08/04/2022 08/04/22 Price Changed $647,000 -3.7% $452 / Sq Ft
07/22/2022 07/22/22 Price Changed $672,000 -1.0% $470 / Sq Ft
07/08/2022 07/08/22 Price Changed $679,000 -1.7% $475 / Sq Ft
06/24/2022 06/24/22 Price Changed $691,000 -2.5% $483 / Sq Ft
06/10/2022 06/10/22 Price Changed $709,000 -2.7% $496 / Sq Ft
05/27/2022 05/27/22 Price Changed $729,000 -0.4% $510 / Sq Ft
05/13/2022 05/13/22 Price Changed $732,000 -1.1% $512 / Sq Ft
04/30/2022 04/30/22 For Sale $740,000 -- $517 / 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 $11,118 $668,559 $322,364 $346,195
2024 $11,118 $655,451 $316,044 $339,407
2023 $10,924 $642,600 $309,848 $332,752
2022 $8,553 $457,812 $220,747 $237,065
2021 $8,356 $448,836 $216,419 $232,417
2020 $8,163 $444,234 $214,200 $230,034
2019 $7,968 $435,524 $210,000 $225,524
2018 $3,845 $61,182 $61,182 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Ben Braksick

    Opendoor Brokerage Inc.

    Section Image

  • D

    Seller Co-Listing Agent in 2022

    DANIEL AVERY

    Opendoor Brokerage Inc.

    Section Image
  • Clinton Jones

    Buyer's Agent in 2022

    Clinton Jones

    Connect Realty Inc

    (619) 797-0948

    5 in this area

    113 Total Sales

    Clinton Jones
    Section Image
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Map

Source: San Diego MLS

MLS Number: 220010418

San Diego MLS

APN: 643-063-07-36

California San Diego County Chula Vista 91915 Otay Ranch

1855 Observation Way Unit 5, Chula Vista, CA

This home is located at 1855 Observation Way Unit 5, Chula Vista, CA 91915 since 30 April 2022 and is currently estimated at $734,482, approximately $513 per square foot. This property was built in 2018. 1855 Observation Way Unit 5 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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