$1,450,000
SOLD OCT 9, 2012

229 23rd St Del Mar, CA 92014

5 Beds
4 Baths
2,300 Sq Ft
4,443 Sq Ft Lot

Recently Sold

$630 Per Sq Ft

11% Below List Price

26 Days on Market

Highlights

  • Property is Fully Fenced
  • Del Mar Heights School Rated A+
  • 4-minute walk to Del Mar Basketball Court

About This Home

As of October 2012

Beach Colony duplex just 700 feet from the Sand. Custom built duplex features 2 units each with private yards, garage and laundry. Wonderful indoor/outdoor floor plans offering the ultimate beach community lifestyle.

Last Agent to Sell the Property

Laurie Manley

Pacific Sotheby's Int'l Realty License #01849622 Listed on: 08/29/2012

Pacific Sotheby's Int'l Realty

Co-Listed By

Scott Warren

Pacific Sotheby's Int'l Realty License #00580262

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Ginny Shadle

R. E. Connection License #00869045

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,163

Year Built

  • 1977

Home Design

  • Composition Roof

Additional Features

  • 2-Story Property
  • Property is Fully Fenced
  • Gas Water Heater

Community Details

  • $9 Other Monthly Fees
  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 299-093-04-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,163

Year Built

1977

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Coastal North
  • Cross Street: Camino Del Mar
  • Neighborhood: Beach Colony
  • Stories: 2 Story
  • Sale Price List Price: 0.89
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Exterior Features

  • Fencing: Full
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Community: DEL MAR
  • Other Fees Payment Frequency: Semi-Annually

Fee Information

  • Total Monthly Fees: 9
  • Other Fees: 110
  • Other Fees Reflect: Year

Schools

  • School District URL: http://www.dmusd.org/district/default.aspx

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 299-093-04-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Gross Rent Multiplier Actual: 23
  • Gross Rent Multiplier Projected: 20
  • Gross Sched Income Actual: 69600
  • Gross Sched Income Projected: 80400
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 4, 2015
Sold by
Greenbaum Daniel R and Greenbaum Silvia Helena
Bought by
Moinhos De Vento Lp
Current Estimated Value
$5,041,347

Purchase Details

Closed on
Jun 24, 2013
Sold by
Gabhart Real Estate Opportunity Fund Ser
Bought by
Greenbaum Daniel R and Greenbaum Silvia Helena

Purchase Details

Listed on
Aug 29, 2012
Closed on
Sep 28, 2012
Sold by
North County Trojan Llc
Bought by
Gabhart Real Estate Opportunity Fund Ser
Seller's Agent
Laurie Manley
Pacific Sotheby's Int'l Realty
Buyer's Agent
Ginny Shadle
R. E. Connection
List Price
$1,629,000
Sold Price
$1,450,000
Premium/Discount to List
-$179,000
-10.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.75%
Original Mortgage
$1,330,000
Interest Rate
3.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 11, 2009
Sold by
Demangus Robert and Demangus Joanne
Bought by
North County Trojan Llc

Purchase Details

Closed on
Jun 20, 2007
Sold by
North County Trojan Llc
Bought by
Demangus Robert and Demangus Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,500
Interest Rate
6.51%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 20, 2007
Sold by
Demangus Robert and Demangus Joanne
Bought by
North County Trojan Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$964,500
Interest Rate
6.15%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 23, 2005
Sold by
Demangus Robert G and Demangus Joanne P
Bought by
North County Trojan Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
May 10, 2005
Sold by
Alton Mary Demangus and Alton Mary D
Bought by
North County Trojan Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 20, 1997
Sold by
Demangus Robert G
Bought by
Demangus Robert G and Demangus Joanne P

Purchase Details

Closed on
Jun 19, 1995
Sold by
Demangus Robert X
Bought by
Alton Mary Demangus
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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Grant Deed $2,300,000 Corinthian Title Company
Grant Deed $1,450,000 Fidelity National Title
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed -- Accommodation
Grant Deed -- Stewart Title
Interfamily Deed Transfer -- Stewart Title Of California
Grant Deed -- Landamerica
Grant Deed $950,000 Landamerica
Interfamily Deed Transfer -- --
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,330,000 Unknown
Previous Owner $385,500 Credit Line Revolving
Previous Owner $964,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $950,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2019 07/14/19 Rented $7,000 0.0% --
01/11/2019 01/11/19 For Rent $7,000 +20.7% --
01/10/2019 01/10/19 Rented $5,800 0.0% --
01/06/2019 01/06/19 Price Changed $5,800 -27.5% $3 / Sq Ft
10/02/2018 10/02/18 Price Changed $8,000 +6.7% $3 / Sq Ft
09/10/2018 09/10/18 Price Changed $7,500 -6.3% $3 / Sq Ft
08/07/2018 08/07/18 Rented $8,000 +14.3% --
08/07/2018 08/07/18 Rented $7,000 -12.5% --
07/27/2018 07/27/18 For Rent $8,000 0.0% --
07/02/2018 07/02/18 For Rent $8,000 +14.3% --
01/07/2017 01/07/17 For Rent $7,000 0.0% --
06/30/2016 06/30/16 Rented $7,000 -12.5% --
06/15/2016 06/15/16 Rented $8,000 0.0% --
06/15/2016 06/15/16 For Rent $8,000 +6.7% --
05/31/2016 05/31/16 Under Contract -- -- --
12/20/2014 12/20/14 For Rent $7,500 0.0% --
08/20/2014 08/20/14 Rented $7,500 0.0% --
07/21/2014 07/21/14 Under Contract -- -- --
10/30/2013 10/30/13 For Rent $7,500 0.0% --
10/09/2012 10/09/12 Sold $1,450,000 -11.0% $630 / Sq Ft
09/24/2012 09/24/12 Pending -- -- --
08/29/2012 08/29/12 For Sale $1,629,000 -- $708 / 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 $32,163 $3,075,549 $2,611,317 $464,232
2024 $32,163 $3,015,245 $2,560,115 $455,130
2023 $31,455 $2,956,123 $2,509,917 $446,206
2022 $30,952 $2,898,160 $2,460,703 $437,457
2021 $29,808 $2,841,334 $2,412,454 $428,880
2020 $30,074 $2,812,201 $2,387,718 $424,483
2019 $29,482 $2,757,060 $2,340,900 $416,160
2018 $25,952 $2,489,198 $2,056,295 $432,903
2017 $25,462 $2,440,391 $2,015,976 $424,415
2016 $24,628 $2,392,542 $1,976,448 $416,094
2015 $24,258 $2,356,604 $1,946,760 $409,844
2014 $23,784 $2,310,442 $1,908,626 $401,816
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 120043934

San Diego MLS

APN: 299-093-04