Sharon Miller
RE/MAX Connections
(858) 289-6131
31 Total Sales
1 in Middletown
$700,000 Price
2860 State St San Diego, CA 92103
Middletown NeighborhoodEstimated Value: $2,575,877
5
Beds
4
Baths
3,150
Sq Ft
$818/Sq Ft
Est. Value
Highlights
- Ocean Front
- 4-minute walk to Middletown
- RV Garage
- Grant K-8 Rated A-
- Solar Heated Spa
- Forced Air Zoned Cooling and Heating System
About This Home
As of March 2020Home Sold off MLS, input only. INCREDIBLE combined investment property and Business Opportunity!!! Rare FULLY UPGRADED huge duplex in the heart of San Diego’s coveted Mission Hills neighborhood. Unmatched Panoramic Views of the San Diego Harbor, the Bay, Downtown, and Coronado Island!! Everything is updated inside: from the contemporary bathrooms to the gleaming gourmet kitchens outfitted with top-of-the-line appliances to the airport approved acoustic windows and ductless A/C units throughout. What sets this property apart is the Business Opportunity that comes with the sale – a fully compliant short-term vacation rental business with a solid track record of profitability. Gross revenue for both units exceed traditional rental units by nearly 3 times. YOY Gross revenue was up over 30% in 2018 and is on track to be up again in 2019!! The one-of-a-kind property was recently featured on the Travel Channel’s “Top Vacation Rental Destinations in San Diego.” It can be rented as an individual 2bd and a 3bd, or as a combined 5bd luxury villa. The property also comes with a nearly approved set of plans to construct an additional 1633 square foot 3rd story, consisting of 3 beds, 2 baths, and a 326 sq ft panoramic deck with Jacuzzi. New unit should generate and additional $80k in revenue. Only selling because owners need some cash. The current Property Management company is so confident in its turnkey system, it has agreed to offer a 1 YEAR GROSS REVENUE GUARANTEE to new owners beginning at close of escrow. Absolutely unheard of!
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1979
Lot Details
- 5,624 Sq Ft Lot
- Ocean Front
- Property Fronts a Bay or Harbor
- Property is Fully Fenced
- Gentle Sloping Lot
Parking
- RV Garage
Property Views
- Ocean
- Bay
- Panoramic
- City Lights
Home Design
- Clay Roof
- Stucco Exterior
Interior Spaces
- 2-Story Property
Pool
- Solar Heated Spa
- Above Ground Spa
Utilities
- Forced Air Zoned Cooling and Heating System
- Heating System Uses Natural Gas
- Separate Water Meter
- Gas Water Heater
- Prewired Cat-5 Cables
- Cable TV Available
Listing and Financial Details
- Vacation Rental by Owner
- Assessor Parcel Number 451-662-14-00
Community Details
Recreation
- Community Spa
Additional Features
- 2 Units
- Net Operating Income $144,202
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 18, 2020
Closed on
Mar 11, 2020
Sold by
Bought by
Seller's Agent
Jim Tyner
Home Solutions Group- Realty & Mortgage
Buyer's Agent
Jim Tyner
Home Solutions Group- Realty & Mortgage
List Price
$1,990,000
Sold Price
$1,865,000
Premium/Discount to List
-$125,000
-6.28%
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
$710,877
Avg. Annual Appreciation
5.16%
Original Mortgage
$615,000
Outstanding Balance
$533,989
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$2,041,888
Purchase Details
Closed on
May 19, 2016
Sold by
Bought by
Purchase Details
Closed on
Apr 13, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,400
Interest Rate
3.84%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 12, 2009
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,250
Interest Rate
5.08%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 1, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$983,920
Interest Rate
6.65%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Oct 21, 2004
Sold by
Bought by
Purchase Details
Closed on
May 26, 1998
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,300
Interest Rate
7.1%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 17, 1996
Sold by
Bought by
Purchase Details
Closed on
Jan 26, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Middletown, CA
-
Sharon Miller
-
Travis Scott
Travis Scott
Juanaca Home Team, Inc
(760) 477-4493
83 Total Sales
2 in Middletown
$1,859,638 Price Range
-
Michael Ciampa
Michael Ciampa
Real Broker
(858) 264-2450
50 Total Sales
1 in Middletown
$1,050,000 Price
-
Andrea Flint-Gogek
Andrea Flint-Gogek
Tranquility Real Estate Services
(619) 613-2567
143 Total Sales
2 in Middletown
$929K - $1M Price Range
-
Joel Pace
Joel Pace
Joel Pace Real Estate, Inc.
(805) 321-6671
64 Total Sales
1 in Middletown
$760,000 Price
-
Todd Armstrong
Todd Armstrong
Compass
(858) 397-9995
91 Total Sales
1 in Middletown
$1,750,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,865,000 | First American Title Company | ||
| -- | None Available | ||
| -- | Lsi Title Company | ||
| $850,000 | Lawyers Title | ||
| -- | Lenders Choice Title Company | ||
| -- | -- | ||
| -- | Commonwealth Land Title Co | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $615,000 | ||
| Previous Owner | $200,000 | ||
| Previous Owner | $558,400 | ||
| Previous Owner | $50,000 | ||
| Previous Owner | $626,250 | ||
| Previous Owner | $983,920 | ||
| Previous Owner | $242,300 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/18/2020 03/18/20 | For Sale | $1,990,000 | +6.7% | $632 / Sq Ft |
| 03/17/2020 03/17/20 | Sold | $1,865,000 | -- | $592 / Sq Ft |
Source: San Diego MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $26,080 | $2,080,438 | $1,450,172 | $630,266 |
| 2025 | $24,592 | $2,039,646 | $1,421,738 | $617,908 |
| 2024 | $24,592 | $1,999,654 | $1,393,861 | $605,793 |
| 2023 | $24,051 | $1,960,446 | $1,366,531 | $593,915 |
| 2022 | $23,412 | $1,922,007 | $1,339,737 | $582,270 |
| 2021 | $23,252 | $1,884,321 | $1,313,468 | $570,853 |
| 2020 | $12,125 | $983,174 | $470,981 | $512,193 |
| 2019 | $11,908 | $963,897 | $461,747 | $502,150 |
| 2018 | $11,133 | $944,998 | $452,694 | $492,304 |
| 2017 | $10,869 | $926,469 | $443,818 | $482,651 |
| 2016 | $10,696 | $908,304 | $435,116 | $473,188 |
| 2015 | $9,896 | $840,000 | $401,000 | $439,000 |
| 2014 | $7,989 | $675,000 | $323,000 | $352,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Tyner
Seller's Agent in 2020
Jim Tyner
Home Solutions Group- Realty & Mortgage
(619) 392-4074
7 Total Sales
Map
Source: San Diego MLS
MLS Number: 200013373
APN: 451-662-14
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