2408 1st Ave San Diego, CA 92101
Bankers Hill Neighborhood
5
Beds
4
Baths
7,710
Sq Ft
0.34
Acres
Highlights
- 0.34 Acre Lot
- Dining Area
- Level Lot
- Fireplace in Primary Bedroom
- Partially Fenced Property
- 4-minute walk to Waldo Dean Waterman Park and Monument
About This Home
As of September 2024Embrace the grandeur of San Diego's past with the iconic Long-Waterman Mansion. Once the residence of California Governor Robert Whitney Waterman, this exquisite Victorian estate is nestled in the prestigious Bankers Hill neighborhood. Occupying a vast corner double lot of 14,415 square feet, this Queen Anne Victorian-style masterpiece, constructed in 1889, lies within a leisurely stroll of Balboa Park. Spanning 6,180 square feet, the main residence is a testament to timeless elegance, including expansive attic space. Adjacent to the main dwelling, the property offers substantial parking facilities for up to 10 cars and features the original Carriage House offering 1,530 square feet under mixed-use zoning. The mansion's breathtaking architecture, highlighted by intricate ironwork, welcomes you. Inside, discover a world of detailed craftsmanship with unique carved designs adorning the staircase, a mahogany fireplace, and windows detailed with stained glass, setting a tone of warm hospitality. The estate is richly appointed with hand-carved woodwork, four distinct fireplaces, Italian tile, original stained glass, and elegant solid brass fixtures. A generous porch and an attic offering 1,820 square feet of additional space, including a bedroom with sweeping city and bay views and a widow’s walk, elevate the living experience. The outdoor space features a beautiful historic magnolia tree, a splendid jacaranda tree, a towering camphor tree, and a productive avocado tree, enhancing the property’s charm. Esteemed as a Mills Act-approved estate and listed on the National Register of Historic Places as site #37, this property promises significant tax advantages. Ideally located for effortless enjoyment of Balboa Park's myriad attractions, convenient freeway access, and a quick commute to downtown San Diego, the Long-Waterman Mansion offers an unparalleled blend of residential luxury and potential commercial utility. Seize this rare opportunity to own a piece of California's rich history.
Last Buyer's Agent
Elizabeth Courtier
Pacific Sotheby's Int'l Realty License #01198840
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,417
Year Built
- Built in 1889
Lot Details
- 0.34 Acre Lot
- Partially Fenced Property
- Level Lot
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 7,710 Sq Ft Home
- 3-Story Property
- Living Room with Fireplace
- 4 Fireplaces
- Dining Area
- Washer Hookup
Kitchen
- Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
Parking
- 10 Parking Spaces
- Brick Driveway
Listing and Financial Details
- Assessor Parcel Number 533-083-06-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2024
Closed on
Aug 13, 2024
Sold by
Ernst John O and Ernst Allegra
Bought by
Kasarda John Dale and Kasarda Mary Ann
Seller's Agent
Eric Iantorno
Compass
Buyer's Agent
Elizabeth Courtier
Pacific Sotheby's Int'l Realty
List Price
$5,495,000
Sold Price
$3,300,000
Premium/Discount to List
-$2,195,000
-39.95%
Views
191
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,565,000
Purchase Details
Closed on
May 18, 2023
Sold by
John And Allegra Ernst Family Trust
Bought by
Ernst John O and Ernst Allegra
Purchase Details
Closed on
Nov 5, 1999
Sold by
Ernst John O and Ernst Allegra
Bought by
Ernst John O and Ernst Allegra
Purchase Details
Closed on
Jul 22, 1993
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,300,000 | Chicago Title | |
| Grant Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $885,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $414,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2024 09/13/24 | Sold | $3,300,000 | -32.4% | $428 / Sq Ft |
| 08/10/2024 08/10/24 | Pending | -- | -- | -- |
| 06/17/2024 06/17/24 | Price Changed | $4,885,000 | -11.1% | $634 / Sq Ft |
| 04/15/2024 04/15/24 | For Sale | $5,495,000 | -- | $713 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
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 | $8,417 | $533,114 | $319,868 | $213,246 |
| 2024 | $8,417 | $682,536 | $341,268 | $341,268 |
| 2023 | $8,031 | $652,776 | $326,388 | $326,388 |
| 2022 | $8,757 | $717,210 | $358,605 | $358,605 |
| 2021 | $8,578 | $693,465 | $346,732 | $346,733 |
| 2020 | $8,904 | $721,313 | $360,656 | $360,657 |
| 2019 | $8,988 | $726,897 | $363,448 | $363,449 |
| 2018 | $9,336 | $792,073 | $396,036 | $396,037 |
| 2017 | $9,574 | $815,847 | $407,923 | $407,924 |
| 2016 | $9,058 | $768,797 | $384,398 | $384,399 |
| 2015 | $9,055 | $768,405 | $384,202 | $384,203 |
| 2014 | $9,354 | $790,843 | $395,421 | $395,422 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Iantorno
Seller's Agent in 2024
Eric Iantorno
Compass
(858) 334-3577
2 in this area
177 Total Sales
-
Marvin Gomez
Seller Co-Listing Agent in 2024
Marvin Gomez
Keller Williams San Diego Metro
(858) 257-8509
1 in this area
60 Total Sales
-
E
Buyer's Agent in 2024
Elizabeth Courtier
Pacific Sotheby's Int'l Realty
Map
Source: San Diego MLS
MLS Number: 240008039
APN: 533-083-06
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