NOT LISTED FOR SALE

2906 Elm Tree Ct Spring Valley, CA 91978

Estimated Value: $502,000 - $633,000

3 Beds
2 Baths
1,059 Sq Ft
$381/mo HOA Fee

Last Sold February 22, 2023

Last sale price $491,000 $464 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,851/month

6 Days on Market

Highlights

  • 1.49 Acre Lot
  • Community Pool
  • Outdoor Cooking Area
  • Mountain View
  • Tennis Courts
  • Balcony

About This Home

As of February 2023

This stunning 3 bedroom, 2 bathroom condominium in Rancho San Diego boasts 1,059 square feet of living space and is the perfect blend of style and comfort. The open floor plan offers a spacious living room with a cozy fireplace and large windows that flood the room with natural light. The kitchen is equipped with new microwave oven and ample counter space, making it perfect for hosting dinner parties or preparing meals for the family. The bedrooms are generously sized and offer ample closet space, while the master suite features a private bathroom with a soaking tub and shower. Other features of this condo include a private balcony, in-unit laundry, and a brand new AC unit. The community also offers amenities like a pool and spa, tennis courts and beautiful grass areas perfect for a morning stroll! Situated in the highly sought after Rancho San Diego area, this condo is close to shopping, dining, and entertainment, and is just a short drive from downtown San Diego.

Last Agent to Sell the Property

Gabriel Bolanos

Anomaly Real Estate License #01904218 Listed on: 01/28/2023

Last Buyer's Agent

Renata Rios

Palisade Realty, Inc License #01977464

Palisade Realty, Inc

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1986

Lot Details

  • 1.49

HOA Fees

  • $381 Monthly HOA Fees

Interior Spaces

  • 1,059 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • 1 Carport Space

Outdoor Features

  • Balcony
  • Exterior Lighting

Additional Features

  • 1 Common Wall
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 11284
  • Assessor Parcel Number 5061101146
  • $559 per year additional tax assessments

Community Details

Overview

  • 300 Units
  • Ranchwood Association, Phone Number (619) 234-9884

Amenities

  • Outdoor Cooking Area

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Year Built

Built in 1986

Lot Details

0

HOA Fees

$381 per month

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: RU
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5061101146
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1059.00 Square Feet
  • Interior Amenities: Balcony
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 463.64
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Mountain(s)
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Outdoor Cooking Area, Playground, Tennis Court(s)
  • Association Fee: 381.00
  • Association Fee Frequency: Monthly
  • Association Name: Ranchwood
  • Phone: 619.234.9884
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Street Lights
  • Association Management: Ranchwood

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 64795.00
  • Lot Size Acres: 1.4875

Multi Family

  • Lease Considered: No
  • Lot Size Area: 64795.0000 Square Feet
  • Number Of Units In Community: 300
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 135.05
  • Tax Lot: 1
  • Tax Tract Number: 11284
  • TaxOtherAnnualAssessmentAmount: 559.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2023
Closed on
Feb 3, 2023
Sold by
Brown Eric D
Bought by
Ibanez Benruben
Seller's Agent
Gabriel Bolanos
Anomaly Real Estate
Buyer's Agent
Renata Rios
Palisade Realty, Inc
List Price
$449,900
Sold Price
$491,000
Premium/Discount to List
$41,100
9.14%
Views
15
Current Estimated Value
$557,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,795
Avg. Annual Appreciation
4.51%
Original Mortgage
$502,293
Outstanding Balance
$486,533
Interest Rate
6.33%
Mortgage Type
Balloon
Estimated Equity
$71,262

Purchase Details

Listed on
Feb 8, 2020
Closed on
Mar 12, 2020
Sold by
Brown Rachel Alexis
Bought by
Brown Eric
Seller's Agent
Wesley Brown
Keller Williams SD Metro
Buyer's Agent
NoEmail NoEmail
OUT OF AREA
List Price
$349,000
Sold Price
$360,000
Premium/Discount to List
$11,000
3.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.09%
Original Mortgage
$368,280
Interest Rate
3.5%
Mortgage Type
VA

Purchase Details

Listed on
Feb 8, 2020
Closed on
Mar 6, 2020
Sold by
Starkweather Jessica
Bought by
Brown Eric
Seller's Agent
Wesley Brown
Keller Williams SD Metro
Buyer's Agent
NoEmail NoEmail
OUT OF AREA
List Price
$349,000
Sold Price
$360,000
Premium/Discount to List
$11,000
3.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,280
Interest Rate
3.5%
Mortgage Type
VA

Purchase Details

Closed on
Nov 25, 2015
Sold by
Smith John W and Smith Norma J
Bought by
Starkweather Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,950
Interest Rate
3.9%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 11, 2002
Sold by
Smith John W and Smith Norma J
Bought by
Smith John W and Smith Norma J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 1995
Sold by
Smith John W and Smith Norma J
Bought by
Smith John W and Smith Norma J

Purchase Details

Closed on
Jul 10, 1995
Sold by
Brink William R and Brink Adele P
Bought by
Brink Steven T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,125
Interest Rate
7.62%
Mortgage Type
Assumption

Purchase Details

Closed on
Jul 7, 1995
Sold by
Brink Steven T
Bought by
Smith John W and Smith Norma J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,125
Interest Rate
7.62%
Mortgage Type
Assumption

Purchase Details

Closed on
Sep 21, 1987
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ibanez Benruben $491,000 Socal Title Company
Brown Eric -- Fidelity Natl Ttl San Diego
Brown Eric $360,000 Fidelity National Title
Starkweather Jessica $259,000 First American Title Company
Smith John W -- Commerce Title
Smith John W -- Commerce Title
Smith John W -- --
Brink Steven T -- Chicago Title Co
Smith John W $103,500 Chicago Title Co
-- $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ibanez Benruben $502,293
Previous Owner Brown Eric $368,280
Previous Owner Starkweather Jessica $12,950
Previous Owner Starkweather Jessica $252,848
Previous Owner Smith John W $87,500
Previous Owner Smith John W $91,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/22/2023 02/22/23 Sold $491,000 +9.1% $464 / Sq Ft
02/04/2023 02/04/23 Pending -- -- --
02/04/2023 02/04/23 For Sale $449,900 -8.4% $425 / Sq Ft
01/30/2023 01/30/23 Off Market $491,000 -- --
01/28/2023 01/28/23 For Sale $449,900 +25.0% $425 / Sq Ft
03/13/2020 03/13/20 Sold $360,000 +3.2% $340 / Sq Ft View Prior Sale
02/20/2020 02/20/20 Pending -- -- --
02/08/2020 02/08/20 For Sale $349,000 -- $330 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,643 $510,834 $283,797 $227,037
2024 $6,643 $500,819 $278,233 $222,586
2023 $5,110 $378,422 $210,235 $168,187
2022 $5,010 $371,003 $206,113 $164,890
2021 $4,953 $363,729 $202,072 $161,657
2020 $3,905 $280,347 $39,438 $240,909
2019 $3,852 $274,851 $38,665 $236,186
2018 $3,748 $269,462 $37,907 $231,555
2017 $595 $264,179 $37,164 $227,015
2016 $3,498 $259,000 $36,436 $222,564
2015 $2,031 $143,047 $20,124 $122,923
2014 $1,997 $140,246 $19,730 $120,516
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23009812

California Regional Multiple Listing Service (CRMLS)

APN: 506-110-11-46