NOT LISTED FOR SALE

Estimated Value: $1,194,170 - $1,288,000

4 Beds
3 Baths
-- Sq Ft
7,030 Sq Ft Lot

Last Sold February 15, 2024

Last sale price $1,175,000

Est. 4% increase in value since last sale

Current estimated payment $6,759/month

16 Days on Market

Highlights

  • Bay View
  • Gated Home
  • Wood Siding
  • RV Parking in Community
  • Level Lot
  • 3-minute walk to Sherman Park

About This Home

As of February 2024

Duplex + Development Opportunity with stunning views of San Diego Bay and Coronado Bridge! Renovate this charming home on a 7,000 sq ft lot with CC-3-4 Zoning (1 dwelling unit for every 1,500 sq ft). Opportunity Zone + Complete Communities Tier for unlimited density with 3 affordable units. Buyer to inquire with city and title. Keep duplex, add ADUs, or build max units! Ideal for owner-occupied investors or developers in high-demand Sherman Heights, 2.1 mi from downtown, 300 ft from transit, Walk Score 88! Similar lot on Market Street just completed 34 units. 4 entrances, amenities, laundry, parking, private yard. Main floor: study, bedroom, living, dining, kitchen, pantry, bath with shower. Upstairs: 1 full bath, possibility for roof deck, 2 bedrooms each side with extra large closets. Bottom level: bedroom, bath, kitchen area, crawl space and connection to yet another area that could be a potential work space of office area with separate entrance. Views of bay and Coronado bridge, upgraded plumbing, electric, alley access. Urban homestead potential with mature nut and fruit trees!

Last Agent to Sell the Property

Melina Rissone

Coldwell Banker West License #01498140 Listed on: 01/16/2024

Coldwell Banker West

Last Buyer's Agent

John Reardon

The Reardon Group License #01223802

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,170

Year Built

  • Built in 1904

Lot Details

  • 7,030 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Property Views

  • Bay
  • City

Home Design

  • Wood Siding

Interior Spaces

  • 3-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Water Meter
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 535-242-07-00

Community Details

Overview

  • 2 Units
  • Sherman Heights Community
  • RV Parking in Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,170

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 25th
  • Neighborhood: Golden Hills
  • Stories: 3 Story
  • Sale Price List Price: 1.19
  • Total Stories: 3
  • Year Built: 1904
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Full, Gate
  • View: Bay, City

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Available, Meter on Property
  • Water Heater Type: Electric

Condo/Co-op/Association

  • Complex Name: Sherman Heights
  • Pets Allowed: Yes
  • Community: DOWNTOWN
  • Complex Features: RV/Boat Parking

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access
  • Topography: Level, Slope Gentle
  • Zoning: COMMERCIAL
  • Assessor Parcel Number: 535-242-07-00
  • Estimated Lot Sq Ft: 7030
  • Estimated Number of Acres: 0.16
  • Map Code Column: D
  • Map Code Page: 1289
  • Map Code Row: 3

Multi Family

  • No. of Units: 2
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 1
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 1
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2024
Closed on
Feb 6, 2024
Sold by
Michael And Martha Mckibbin Family Trust
Bought by
Dasari Sriram
Seller's Agent
Melina Rissone
Coldwell Banker West
Buyer's Agent
John Reardon
The Reardon Group
List Price
$990,000
Sold Price
$1,175,000
Premium/Discount to List
$185,000
18.69%
Views
101
Current Estimated Value
$1,222,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,543
Avg. Annual Appreciation
3.59%

Purchase Details

Closed on
Mar 4, 2015
Sold by
Mckibbin Junior Michael D
Bought by
The Michael & Martha Mckibbin Family Tru

Purchase Details

Closed on
Jun 4, 2014
Sold by
Mckibbin Michael D
Bought by
Mckibbin Michael D

Purchase Details

Closed on
Mar 10, 1999
Sold by
Mckibbin Michael D
Bought by
Mckibbin Michael D
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Dasari Sriram $1,175,000 Ticor Title
The Michael & Martha Mckibbin Family Tru -- None Available
Mckibbin Michael D -- None Available
Mckibbin Michael D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckibbin Michael D $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2024 02/15/24 Sold $1,175,000 +18.7% --
02/02/2024 02/02/24 Pending -- -- --
01/16/2024 01/16/24 For Sale $990,000 -- --
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 $1,170 $1,198,500 $1,035,300 $163,200
2024 $1,170 $92,354 $80,831 $11,523
2023 $1,143 $90,545 $79,247 $11,298
2022 $1,113 $88,771 $77,694 $11,077
2021 $1,106 $87,031 $76,171 $10,860
2020 $1,093 $86,139 $75,390 $10,749
2019 $1,074 $84,451 $73,912 $10,539
2018 $1,005 $82,796 $72,463 $10,333
2017 $80 $81,174 $71,043 $10,131
2016 $964 $79,583 $69,650 $9,933
2015 $951 $78,388 $68,604 $9,784
2014 -- $76,854 $67,261 $9,593
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240001208

San Diego MLS

APN: 535-242-07