NOT LISTED FOR SALE

Estimated Value: $1,163,000 - $1,545,375

4 Beds
3 Baths
1,600 Sq Ft
$833/Sq Ft Est. Value

Last Sold June 28, 2023

Last sale price $1,125,000 $703 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,210/month

23 Days on Market

Highlights

  • Bluff on Lot
  • Property Near a Canyon
  • Property is Fully Fenced
  • Alcott Elementary School Rated A-
  • Valley View
  • 1-Story Property

About This Home

As of June 2023

Rarely available CANYON duplex with phonomenal views from the backyard of the oversized lot. Perfect for a house-hacking, live in one and rent out the other, or an investor who wants to park their money in a highly upgraded duplex, 5 miles from the ocean. Also a great fit for the development minded buyer, with an oversized garage, that could be converted to an ADU, JrADU or both! Centrally located, residents can leave the 2 oversized garages and be on the I-5, I-52, or I-805 in minutes. It's a great option for professionals who need to be close to La Jolla, UTC or Pacific Beach. Also a few miles away from Sharp, Scripps and VA hospital centers. Also located 5 miles from UCSD or USD for students or faculty. This property is a wonderful solution for so many. One of the units has been highly upgraded with white, shaker cabinets with soft close hardware, quartz countertops, stainless steel appliances. The other unit has some upgrades, and is ready for the next owner to take it all the way. Both units have all hard surfaces, no carpet anywhere. Each unit enjoys expansive and private backyards, great for families with kids and/or pets.

Last Agent to Sell the Property

Craig Hothem

Coldwell Banker Realty License #01961666 Listed on: 05/20/2023

Coldwell Banker Realty

Last Buyer's Agent

Twana Rasoul

Compass License #02026495

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,042

Year Built

  • Built in 1954

Lot Details

  • 10,434 Sq Ft Lot
  • Property Near a Canyon
  • Property is Fully Fenced
  • Bluff on Lot
  • Irregular Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Valley Views

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 359-241-12-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Net Operating Income $55,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,042

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro
  • Cross Street: Jutland Drive
  • Neighborhood: Bay Ho
  • LP / Sq Ft: 16.64
  • Stories: 1 Story
  • Sale Price List Price: 1.02
  • Total Stories: 1
  • Year Built: 1954
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Frontage: Canyon
  • Roof: Composition
  • View: Valley/Canyon

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Available
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit, Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: CLAIREMONT
  • Manager Name: Owner
  • Manager Phone: 858-869-1233

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: Irregular Lot, Street Paved
  • Topography: Bluff/Canyon Rim
  • Zoning: R-2
  • Assessor Parcel Number: 359-241-12-00
  • Estimated Lot Sq Ft: 10434

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 55200
  • Annual Expense Actual: 3000
  • Annual Expense Projected: 3500
  • Gross Rent Multiplier Actual: 20.0
  • Gross Rent Multiplier Projected: 17.0
  • Gross Sched Income Actual: 58200
  • Gross Sched Income Projected: 69600
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2023
Closed on
Jun 22, 2023
Sold by
3223-3225 Idlewild Way Llc
Bought by
Melnick Anthony
Seller's Agent
Craig Hothem
Coldwell Banker Realty
Buyer's Agent
Twana Rasoul
Compass
List Price
$1,199,900
Sold Price
$1,125,000
Premium/Discount to List
-$74,900
-6.24%
Views
174
Current Estimated Value
$1,333,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,094
Avg. Annual Appreciation
7.91%
Original Mortgage
$1,030,218
Outstanding Balance
$1,004,849
Interest Rate
6.39%
Mortgage Type
FHA
Estimated Equity
$328,245

Purchase Details

Closed on
Dec 26, 2019
Sold by
Hothem Hugh
Bought by
3223 3225 Idlewild Way Llc

Purchase Details

Closed on
Apr 19, 2017
Sold by
Hothem Ilene
Bought by
Hothem Hugh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2017
Sold by
Silva Michael
Bought by
Hothem Hugh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2014
Sold by
Silva Manuel E
Bought by
Silva Manuel Eduardo
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
Melnick Anthony $1,125,000 Fidelity National Title
3223 3225 Idlewild Way Llc -- None Available
Hothem Hugh -- Lawyers Title Company
Hothem Hugh $625,000 Lawyers Title Company
Silva Manuel Eduardo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melnick Anthony $1,030,218
Previous Owner 3223 3225 Idlewild Way Llc $675,000
Previous Owner Hothem Hugh $285,000
Previous Owner Silva Manuel E $50,000
Previous Owner Silva Manuel E $23,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2023 06/28/23 Sold $1,125,000 +2.3% $703 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
06/06/2023 06/06/23 Price Changed $1,099,900 -6.4% $687 / Sq Ft
06/03/2023 06/03/23 Price Changed $1,175,000 -2.1% $734 / Sq Ft
05/20/2023 05/20/23 For Sale $1,199,900 -- $750 / Sq Ft
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 $14,042 $1,170,450 $910,350 $260,100
2024 $14,042 $1,147,500 $892,500 $255,000
2023 $9,371 $762,102 $683,265 $78,837
2022 $9,122 $747,160 $669,868 $77,292
2021 $9,059 $732,511 $656,734 $75,777
2020 $8,190 $663,254 $498,767 $164,487
2019 $8,044 $650,250 $488,988 $161,262
2018 $7,521 $637,500 $479,400 $158,100
2017 $981 $81,171 $40,788 $40,383
2016 $964 $79,581 $39,989 $39,592
2015 $951 $78,387 $39,389 $38,998
2014 $937 $76,853 $38,618 $38,235
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230009446

San Diego MLS

APN: 359-241-12