NOT LISTED FOR SALE

422 Culebra & 1925 Balboa Ave Unit P,Q,R Del Mar, CA 92014

Estimated Value: $6,891,000 - $8,905,000

0.94 Acre
$8,712,920 Price per Acre
40,946 Sq Ft Lot

Last Sold April 17, 2019

Last sale price $6,100,000

Est. 34% increase in value since last sale

Current estimated payment $49,860/month

101 Days on Market

Highlights

  • Ocean View
  • 0.94 Acre Lot
  • Steep Slope
  • Del Mar Heights School Rated A+

About This Lot

As of April 2019

Imagine owning .94 acre of land perched up high on a hill in Del Mar with unobstructed views of the beautiful Pacific Ocean. This is an unparalleled opportunity to purchase this special piece of property on a quiet street where all you hear are birds chirping and you smell the native chaparral. This property is extremely unique as it sits on its own peninsula with spectacular 180 degree views of Del Mar and the ocean. Come and see this property to envision the house of your dreams on it. See Supplement. This is one lot consisting of two parcels (422 Culebra & 1925 Balboa). A rare opportunity to develop up to 10,206 buildable sqft. or split the lot for additional options. Renderings are purely conceptual and are in no way an indication of approved plans.

Last Agent to Sell the Property

Dane Soderberg

Compass License #01456182 Listed on: 12/06/2018

Compass

Last Buyer's Agent

Monty James

Pacific Coast Executive Realty License #01205102

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $46,622

Year Built

  • 1951

Lot Details

  • 0.94 Acre Lot
  • Steep Slope

Property Views

  • Ocean
  • Panoramic

Utilities

  • Gas Available
  • Separate Water Meter
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 299-181-09-00

Property Details

Property Type

Land

Est. Annual Taxes

$46,622

Year Built

1951

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Type: Lots/Land
  • Market Area: Coastal North
  • Neighborhood: Olde Del Mar
  • Cross Street: Balboa
  • Supplement: This is one lot consisting of two parcels (422 Culebra & 1925 Balboa). A rare opportunity to develop up to 10,206 buildable sqft. or split the lot for additional options. Renderings are purely conceptual and are in no way an indication of approved plans.
  • Price Per Sq Ft: 6489361.7
  • Sale Price List Price: 0.94
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1951

Exterior Features

  • View: Ocean, Panoramic Ocean, Panoramic

Utilities

  • Water: Meter On Property
  • Utilities Available: Cable Tv, Electric, Natural Gas, Telephone
  • Utilities To Site: Cable Tv, Electric, Gas, Telephone

Condo/Co-op/Association

  • Community: Del Mar

Association/Amenities

  • Development: Split In Process

Lot Info

  • Lot Size: .5 To 1 Ac
  • Topography: Slope Gentle, Slope Steep
  • Water District: City Of Del Mar
  • Additional Property Use: With Structures, Ormks
  • Estimated Lot Sq Ft: 40826
  • Water District URL: http://www.delmar.ca.us
  • Estimated Number of Acres: 0.94
  • Assessor Parcel Number: 299-181-10-00
  • Assessor Parcel Number 2: 299-181-09-00
  • Lot Number: P,Q,R

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2018
Closed on
Apr 2, 2019
Sold by
1997 Sanford Family Limited Partnership
Bought by
Gandham Rao Naveen
Seller's Agent
Dane Soderberg
Compass
Buyer's Agent
Monty James
Pacific Coast Executive Realty
List Price
$6,490,000
Sold Price
$6,100,000
Premium/Discount to List
-$390,000
-6.01%
Total Days on Market
101
Current Estimated Value
$8,190,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,090,145
Avg. Annual Appreciation
4.59%

Purchase Details

Closed on
Feb 9, 1998
Sold by
Sanford W R & K M 1991 Family Trust
Bought by
W R & K M Sanford 1991 Family Trust

Purchase Details

Closed on
Jul 1, 1997
Sold by
Sandford William C
Bought by
The 1997 Sandford Family Ltd Partnership
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
Gandham Rao Naveen $6,100,000 Chicago Title Company Sd
W R & K M Sanford 1991 Family Trust -- --
The 1997 Sandford Family Ltd Partnership -- --
The 1997 Sanford Family Ltd Partnership -- --
The 1997 Sanford Family Ltd Partnership -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2019 04/17/19 Sold $6,100,000 -6.0% --
03/18/2019 03/18/19 Pending -- -- --
02/25/2019 02/25/19 Price Changed $6,490,000 -7.2% --
12/08/2018 12/08/18 Price Changed $6,990,000 +7.7% --
12/06/2018 12/06/18 For Sale $6,490,000 -- --
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
2024 $46,622 $4,374,580 $4,101,172 $273,408
2023 $45,597 $4,288,805 $4,020,757 $268,048
2022 $44,868 $4,204,712 $3,941,919 $262,793
2021 $43,209 $4,122,268 $3,864,627 $257,641
2020 $43,595 $4,080,000 $3,825,000 $255,000
2019 $1,209 $105,877 $47,751 $58,126
2018 $1,158 $103,802 $46,815 $56,987
2017 $1,136 $101,768 $45,898 $55,870
2016 $1,098 $99,774 $44,999 $54,775
2015 $1,082 $98,277 $44,324 $53,953
2014 $1,062 $96,353 $43,456 $52,897
Source: Public Records

Agents Affiliated with this Home

  • Dane Soderberg

    Seller's Agent in 2019

    Dane Soderberg

    Compass

    (858) 337-1417

    3 in this area

    129 Total Sales

    Dane Soderberg
    Section Image
  • Monty James

    Buyer's Agent in 2019

    Monty James

    Pacific Coast Executive Realty

    (619) 922-1981

    50 Total Sales

    Monty James
    Section Image
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Map

Source: San Diego MLS

MLS Number: 180066439

San Diego MLS

APN: 299-181-10

California San Diego County Del Mar 92014

422 Culebra & 1925 Balboa Ave Unit P,Q,R, Del Mar, CA

This home is located at 422 Culebra & 1925 Balboa Ave Unit P,Q,R, Del Mar, CA 92014 since 06 December 2018 and is currently estimated at $8,190,145. This property was built in 1951. 422 Culebra & 1925 Balboa Ave Unit P,Q,R is a home located in San Diego County with nearby schools including Del Mar Heights School, Del Mar Hills Elementary School, and Earl Warren Middle School.

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