NOT LISTED FOR SALE

Estimated Value: $5,436,000 - $6,550,000

4 Beds
3 Baths
2,572 Sq Ft
$2,228/Sq Ft Est. Value

Last Sold September 14, 2023

Last sale price $4,999,999 $1,944 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $36,101/month

160 Days on Market

Highlights

  • Traditional Architecture
  • Bonus Room
  • 2 Car Attached Garage
  • Roosevelt Elementary School Rated A+
  • No HOA
  • 3-minute walk to Palisades Park

About This Home

As of September 2023

Location? Amazing! Rare opportunity to restore/remodel & add on to this HISTORIC 1920's Traditional estate, just blocks from the beach. Sold with Completely APPROVED plans to get started and build out your dream home totaling 4,100 SF. Current seller spent 2 years going through the process with Coastal Commission and City of SM to get plans approved. Set on a highly coveted street in an incomparable location near the ocean and within sight of the bluffs of Palisades Park.

Last Agent to Sell the Property

Bjorn Farrugia

Carolwood Estates License #01864250 Listed on: 02/16/2023

Carolwood Estates

Co-Listed By

Alphonso Lascano

Carolwood Estates License #01723550

Last Buyer's Agent

Jeffrey T. Sandorf

Compass License #01396545

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,587

Year Built

  • Built in 1922 | Under Construction

Lot Details

  • 8,762 Sq Ft Lot
  • Lot Dimensions are 50x175
  • Property is zoned SMR1*

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Fixer Upper

Interior Spaces

  • 2,572 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Bonus Room
  • Concrete Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4293-015-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,587

Year Built

Built in 1922 | Under Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2572
  • Lot Acreage: 0.2012
  • Lot Dimensions: 50x175
  • Property Condition: Under Construction, Fixer
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Cement
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Fireplace: Yes
  • Price Per S Q F T: 2196.73

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Garage Is Detached
  • Total Parking: 2

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4293-015-006
  • Lot Size Area: 8762

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Sep 11, 2023
Sold by
208 Alta Llc
Bought by
Colonno Michael Richard
Seller's Agent
Bjorn Farrugia
Carolwood Estates
Buyer's Agent
Jeffrey T. Sandorf
Compass
List Price
$5,650,000
Sold Price
$4,999,999
Premium/Discount to List
-$650,001
-11.5%
Views
187
Current Estimated Value
$5,729,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$729,596
Avg. Annual Appreciation
7.23%

Purchase Details

Listed on
Jan 22, 2021
Closed on
Jan 28, 2021
Sold by
Yates Michael E
Bought by
208 Alta Llc
Seller's Agent
Connor Scott Price
Rodeo Realty- Brentwood
Buyer's Agent
Andrew Buss
Compass
List Price
$4,350,000
Sold Price
$4,276,000
Premium/Discount to List
-$74,000
-1.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%

Purchase Details

Closed on
Aug 25, 2004
Sold by
Yates Michael E and The Edward Nick Yates Trust
Bought by
Yates Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.38%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 6, 2003
Sold by
Yates Edward N
Bought by
Yates Edward N and Edward Nick Yates Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.37%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Colonno Michael Richard $5,000,000 Chicago Title Company
208 Alta Llc $4,276,000 Progressive Title Company
Yates Michael E -- Southland Title Of San Diego
Yates Edward N -- First American Title Co
Yates Edward N -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 208 Alta Llc $2,750,000
Previous Owner Yates Michael E $220,000
Previous Owner Yates Michael E $200,000
Previous Owner Yates Michael E $1,000,000
Previous Owner Yates Edward N $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 For Sale $5,650,000 +13.0% $2,197 / Sq Ft
09/14/2023 09/14/23 Sold $4,999,999 0.0% $1,944 / Sq Ft
07/26/2023 07/26/23 Pending -- -- --
06/14/2023 06/14/23 Off Market $4,999,999 -- --
03/30/2023 03/30/23 Price Changed $5,650,000 -5.8% $2,197 / Sq Ft
02/16/2023 02/16/23 For Sale $5,995,000 +40.2% $2,331 / Sq Ft
02/05/2021 02/05/21 Sold $4,276,000 -1.7% $1,663 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $4,350,000 -- $1,691 / Sq Ft
Source: The 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 $58,587 $5,100,000 $4,080,000 $1,020,000
2024 $58,587 $5,000,000 $4,000,000 $1,000,000
2023 $52,412 $4,448,750 $3,559,000 $889,750
2022 $51,789 $4,361,520 $3,489,216 $872,304
2021 $3,426 $220,331 $142,670 $77,661
2020 $3,399 $218,073 $141,208 $76,865
2019 $3,357 $213,798 $138,440 $75,358
2018 $3,126 $209,607 $135,726 $73,881
2016 $2,976 $201,469 $130,456 $71,013
2015 $2,934 $198,444 $128,497 $69,947
2014 $2,913 $194,557 $125,980 $68,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-240245

The MLS

APN: 4293-015-006