NOT LISTED FOR SALE

Estimated Value: $1,874,688

7 Beds
3 Baths
2,300 Sq Ft
$815/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $1,350,000 $587 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $10,245/month

68 Days on Market

Highlights

  • Gated Community
  • Laundry Facilities
  • 1-Story Property
  • Garfield Elementary Rated A-
  • Property is Fully Fenced

About This Home

As of December 2020

Subject to cancellation. Fabulous opportunity - live in the front home and rent back 2 units. Possible condo conversion or development opportunity zoned RM3-9. Build 12 units in back. Front home charming craftsman historic lower taxes. Fireplace and private yard. Back units are newer and recently remodeled great yard space. Front home has garage and long driveway - 4 parking spaces in back with alley access. Hip North Park location across from the park. Walk to restaurants, pubs, shops and more.

Last Agent to Sell the Property

Anna Marie Barnard

Sand & Sea Realty, Inc. License #01087778 Listed on: 09/12/2020

Co-Listed By

Sue LoGuercio

Sand & Sea Realty, Inc. License #02053488

Last Buyer's Agent

Romina Spinelli

Berkshire Hathaway HomeServices California Properties License #01396675

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,959

Year Built

  • Built in 1920

Lot Details

  • 7,000 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for sewer, trash, water, cable TV, electricity, gas/propane
  • Assessor Parcel Number 445-541-24-00

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • North Park Community

Additional Features

  • Laundry Facilities
  • Net Operating Income $49,260
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,959

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Madison
  • Neighborhood: North Park
  • LP / Sq Ft: 18.75
  • Stories: 1 Story
  • Sale Price List Price: 0.92
  • Total Stories: 1
  • Year Built: 1920
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: North Park
  • Community: NORTH PARK
  • Complex Features: Gated Community, Laundry Facilities
  • Manager Name: Anna Marie
  • Manager Phone: 619-840-6683

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: RM3-9
  • Assessor Parcel Number: 445-541-24-00
  • Estimated Lot Sq Ft: 7000

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 49260
  • Gross Rent Multiplier Actual: 22.55
  • Gross Rent Multiplier Projected: 15.55
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2020
Closed on
Jan 15, 2021
Sold by
Whalen Paula Lesage and Paula Lesage Whalen Trust
Bought by
Paula Whalen Llc
Seller's Agent
Anna Marie Barnard
Sand & Sea Realty, Inc.
Buyer's Agent
Romina Spinelli
Berkshire Hathaway HomeServices California Properties
List Price
$1,475,000
Sold Price
$1,350,000
Premium/Discount to List
-$125,000
-8.47%
Current Estimated Value
$1,874,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$524,688
Avg. Annual Appreciation
6.97%

Purchase Details

Listed on
Sep 12, 2020
Closed on
Nov 17, 2020
Sold by
Corn Jack R
Bought by
Paula Lesage Whalen Trust and Whalen
Seller's Agent
Anna Marie Barnard
Sand & Sea Realty, Inc.
Buyer's Agent
Romina Spinelli
Berkshire Hathaway HomeServices California Properties
List Price
$1,475,000
Sold Price
$1,350,000
Premium/Discount to List
-$125,000
-8.47%

Purchase Details

Closed on
May 8, 2019
Sold by
Living Trust Of Frances L Roe
Bought by
Corn Jack R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 2003
Sold by
Roe Frances L
Bought by
Roe Frances L

Purchase Details

Closed on
Mar 18, 1996
Sold by
Roe Frances L
Bought by
Roe Frances L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 1996
Sold by
Roe James Edward
Bought by
Roe Frances L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.98%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Paula Whalen Llc -- None Available
Paula Lesage Whalen Trust $1,350,000 Chicago Title
Corn Jack R $1,300,000 First American Title
Roe Frances L -- --
Roe Frances L -- Southland Title Corporation
Roe Frances L -- Southland Title Corporation
Roe Frances L -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corn Jack R $910,000
Previous Owner Roe Frances L $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2020 12/18/20 Sold $1,350,000 -6.8% $587 / Sq Ft
12/04/2020 12/04/20 Price Changed $1,449,000 -1.1% $630 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
11/10/2020 11/10/20 Price Changed $1,465,000 -0.3% $637 / Sq Ft
10/10/2020 10/10/20 Price Changed $1,470,000 -0.3% $639 / Sq Ft
09/12/2020 09/12/20 For Sale $1,475,000 -- $641 / 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 $4,959 $412,157 $127,294 $284,863
2024 $4,959 $393,723 $116,233 $277,490
2023 $4,686 $397,156 $178,293 $218,863
2022 $4,940 $397,156 $178,293 $218,863
2021 $16,728 $1,350,000 $1,000,000 $350,000
2020 $16,400 $1,326,000 $1,020,000 $306,000
2019 $870 $70,162 $37,254 $32,908
2018 $815 $68,787 $36,524 $32,263
2017 $793 $67,439 $35,808 $31,631
2016 $776 $66,117 $35,106 $31,011
2015 $764 $65,125 $34,579 $30,546
2014 $752 $63,850 $33,902 $29,948
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200044521

San Diego MLS

APN: 445-541-24