NOT LISTED FOR SALE

248 Barbara Ave Solana Beach, CA 92075

Estimated Value: $2,393,000 - $3,242,000

4 Beds
2 Baths
2,046 Sq Ft
$1,331/Sq Ft Est. Value

Last Sold November 08, 2018

Last sale price $1,750,000 $855 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $16,284/month

45 Days on Market

Highlights

  • Ocean View
  • Skyline Elementary School Rated A
  • Forced Air Heating System

About This Home

As of November 2018

Premium Solana Beach duplex in premier location!! Nicely upgraded units with manicured front & back yard, plenty of parking and beautiful living spaces. An excellent place to park your 1031 funds OR do as the neighbors did.... CONVERT TO A SINGLE FAMILY HOME in spectacular location, you'll have built-in income while in planning stages. Rare to find units so well maintained and beautifully upgraded. Walkable location to beach, shops & restaurants Neighborhoods: Solana Beach Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 248 Unit # for Unit 2: 250 Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Jerry Linney

First Team Real Estate License #01382093 Listed on: 08/31/2018

Last Buyer's Agent

Kelly Douglass

Hunter Properties License #01040164

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 5,114 Sq Ft Lot
  • Lot Dimensions are 51x100
  • Sprinkler System

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 2633721800

Community Details

Overview

  • 2 Units
  • Cypress Tract

Building Details

  • Net Operating Income $66,231

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

5,114 Sq Ft Lot

Listing Details

  • CapRate: 3.69
  • Park Name: Cypress Tract
  • Subdivision Name Other: Solana Beach
  • View: Yes
  • Zoning: R-2:MINOR
  • Property Type: Residential Income
  • Parcel Number: 2633721800
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • View: Ocean
  • Roof: Composition

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Forced Air

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size: 51x100
  • Lot Size Sq Ft: 5114.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 82800.00
  • Lot Size Area: 5114.0000 Square Feet
  • Net Operating Income: 66231.00
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2018
Closed on
Nov 7, 2018
Sold by
Org Roland D
Bought by
Org Lee Sun Chen
Seller's Agent
Jerry Linney
First Team Real Estate
Buyer's Agent
Kelly Douglass
Hunter Properties
List Price
$1,795,000
Sold Price
$1,750,000
Premium/Discount to List
-$45,000
-2.51%
Current Estimated Value
$2,810,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,060,866
Avg. Annual Appreciation
6.21%

Purchase Details

Listed on
May 31, 2018
Closed on
Apr 11, 2018
Sold by
Farrell Kevin L and Farrell Catherine L
Bought by
Farrell Kevin A
Seller's Agent
Jerry Linney
First Team Real Estate
Sold Price
$3,400

Purchase Details

Closed on
Jan 26, 2018
Sold by
Principi John D and Principi Morgan
Bought by
Org Lee Sun Chen

Purchase Details

Closed on
Aug 14, 2015
Sold by
Farrell Kevin A
Bought by
The Kevin A Farrell & Catherine L Farrel and Farrell Catherine L

Purchase Details

Closed on
Jun 29, 2007
Sold by
Thirloway Gerald T
Bought by
Farrell Kevin A and Principi John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 1996
Sold by
Thirloway Gerald T
Bought by
Thirloway Gerald T

Purchase Details

Closed on
Mar 9, 1995
Sold by
Thirloway Gerald T
Bought by
Thirloway Gerald T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Org Lee Sun Chen -- First American Title
Farrell Kevin A -- None Available
Org Lee Sun Chen $1,750,000 First American Title
The Kevin A Farrell & Catherine L Farrel -- None Available
Farrell Kevin A -- None Available
Farrell Kevin A $925,000 Fidelity National Title Co
Thirloway Gerald T -- --
Thirloway Gerald T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farrell Kevin A $92,500
Previous Owner Farrell Kevin A $740,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2018 11/08/18 Sold $1,750,000 -2.5% $855 / Sq Ft
10/15/2018 10/15/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $1,795,000 0.0% $877 / Sq Ft
05/31/2018 05/31/18 Rented $3,400 0.0% --
05/31/2018 05/31/18 For Rent $3,400 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $21,814 $1,952,153 $1,561,724 $390,429
2024 $21,814 $1,913,876 $1,531,102 $382,774
2023 $21,368 $1,876,350 $1,501,081 $375,269
2022 $21,050 $1,839,560 $1,471,649 $367,911
2021 $20,702 $1,803,492 $1,442,794 $360,698
2020 $20,533 $1,785,000 $1,428,000 $357,000
2019 $20,162 $1,750,000 $1,400,000 $350,000
2018 $12,852 $1,067,792 $923,496 $144,296
2017 $12,017 $990,000 $858,000 $132,000
2016 $10,616 $900,000 $780,000 $120,000
2015 $10,585 $900,000 $780,000 $120,000
2014 $9,778 $825,000 $715,000 $110,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 180048941

California Regional Multiple Listing Service (CRMLS)

APN: 263-372-18

Your Personal Tour Guide

Ask me questions while you tour the home.