4505 Illinois St San Diego, CA 92116
North Park NeighborhoodEstimated Value: $1,340,000 - $2,367,790
0.17
Acre
$10,586,407
Price per Acre
7,275
Sq Ft Lot
Highlights
- City View
- Property is Fully Fenced
- Level Lot
- Garfield Elementary Rated A-
About This Lot
As of January 2023Shovel ready development opportunity where North Park meets University Heights and Normal Heights! This vacant land comes complete with construction documents approved at the city of San Diego for a 20 unit apartment building! The apartment building is all wood frame, 4-stories, has 9 parking spaces, and 13,139 SF of rentable SF. With a walk score of "87", this property offers its future residents close proximity to the finest uptown restaurants, bars, coffee shops, live music and more! Street parking is plentiful on both Boundary St and Illinois St and the location offers easy freeway access. Review the offering memorandum for unit details and more.
Last Agent to Sell the Property
Matt Davies, Broker License #01966504 Listed on: 08/25/2022
Co-Listed By
Seth Hamilton
Citivest Realty Services, Inc License #01897619
Property Details
Property Type
- Land
Est. Annual Taxes
- $26,645
Year Built
- 1952
Lot Details
- Property is Fully Fenced
- Level Lot
- Irregular Lot
- Building or Site Plan Approved
Parking
- Alley Access
Additional Features
- City Views
- Underground Utilities
Listing and Financial Details
- Assessor Parcel Number 446-052-06-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 25, 2022
Closed on
Dec 20, 2022
Sold by
4505Is Partners Lp
Bought by
4505 Illinois 20 Llc
Seller's Agent
Matt Davies
Matt Davies, Broker
Buyer's Agent
Matt Davies
Matt Davies, Broker
List Price
$2,195,000
Sold Price
$2,125,000
Premium/Discount to List
-$70,000
-3.19%
Total Days on Market
0
Views
5
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
-$357,070
Avg. Annual Appreciation
-7.38%
Purchase Details
Listed on
Aug 16, 2018
Closed on
Jun 27, 2018
Sold by
Diveley Kent
Bought by
4505Is Partners Lp
Seller's Agent
Kim Klecan
San Terra Properties
Buyer's Agent
Kim Klecan
San Terra Properties
List Price
$849,000
Sold Price
$875,000
Premium/Discount to List
$26,000
3.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.34%
Original Mortgage
$424,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 14, 2016
Sold by
Diveley Kent
Bought by
Diveley Kent
Purchase Details
Closed on
Aug 23, 2011
Sold by
Diveley Kent and Diveley Christine
Bought by
Diveley Kent
Purchase Details
Closed on
Jan 2, 2009
Sold by
Countrywide Bank Fsb
Bought by
Diveley Kent and Diveley Christine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,750
Interest Rate
5.49%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Sep 26, 2008
Sold by
Rosalia Sheri L
Bought by
Countrywide Bank Fsb
Purchase Details
Closed on
Jan 25, 2005
Sold by
Rosalia Sheri L
Bought by
Rosalia Sheri L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.73%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 2, 2004
Sold by
Rosalia Sheri
Bought by
Rosalia Sheri L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.29%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 21, 2004
Sold by
Hansen Jeffrey and Maxwell Kevin
Bought by
Rosalia Sheri
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
5.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 27, 2003
Sold by
Hansen Charles and Hansen Dorothy
Bought by
Hansen Jeffrey and Maxwell Kevin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.79%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 1, 1999
Sold by
Stensrud Fannie L
Bought by
Stensrud Fannie Lee
Similar Properties in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 4505 Illinois 20 Llc | $2,125,000 | -- | |
| 4505Is Partners Lp | $875,000 | Corinthian Title Company | |
| Diveley Kent | -- | None Available | |
| Diveley Kent | -- | None Available | |
| Diveley Kent | $481,000 | Stewart Title | |
| Countrywide Bank Fsb | $442,000 | Landsafe Title | |
| Rosalia Sheri L | -- | First American Title Co | |
| Rosalia Sheri L | -- | -- | |
| Rosalia Sheri | $595,000 | First American Title | |
| Hansen Jeffrey | -- | First American Title | |
| Hansen Jeffrey | -- | Southland Title Corporation | |
| Hansen Charles | $375,000 | Southland Title Corporation | |
| Stensrud Fannie Lee | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 4505 Illinois 20 Llc | $7,300,000 | |
| Previous Owner | 45051S Partners Lp | $1,500,000 | |
| Previous Owner | 4505Is Partners Lp | $1,460,000 | |
| Previous Owner | 4505Is Partners Lp | $0 | |
| Previous Owner | 4505Is Partners Lp | $1,200,000 | |
| Previous Owner | 45051S Partners Lp | $424,000 | |
| Previous Owner | 4505Is Partners Lp | $424,000 | |
| Previous Owner | Diveley Kent | $339,550 | |
| Previous Owner | Diveley Kent | $360,750 | |
| Previous Owner | Rosalia Sheri L | $177,000 | |
| Previous Owner | Rosalia Sheri L | $25,000 | |
| Previous Owner | Rosalia Sheri L | $640,000 | |
| Previous Owner | Rosalia Sheri | $50,000 | |
| Previous Owner | Rosalia Sheri | $172,000 | |
| Previous Owner | Rosalia Sheri | $476,000 | |
| Previous Owner | Hansen Charles | $300,000 | |
| Closed | Rosalia Sheri | $59,500 | |
| Closed | Rosalia Sheri L | $80,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/09/2023 01/09/23 | Sold | $2,125,000 | -3.2% | $873 / Sq Ft |
| 08/26/2022 08/26/22 | Pending | -- | -- | -- |
| 08/25/2022 08/25/22 | For Sale | $2,195,000 | +150.9% | $902 / Sq Ft |
| 08/17/2018 08/17/18 | Sold | $875,000 | +3.1% | $359 / Sq Ft |
| 08/16/2018 08/16/18 | For Sale | $849,000 | -- | $349 / Sq Ft |
| 08/15/2018 08/15/18 | Pending | -- | -- | -- |
Source: San Diego MLS
Tax History Compared to Growth
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 | $26,645 | $2,167,500 | $2,167,500 | -- |
| 2023 | $7,207 | $919,778 | $573,669 | $346,109 |
| 2022 | $11,226 | $919,778 | $573,669 | $346,109 |
| 2021 | $11,149 | $901,744 | $562,421 | $339,323 |
| 2020 | $11,014 | $892,499 | $556,655 | $335,844 |
| 2019 | $10,818 | $875,000 | $545,741 | $329,259 |
| 2018 | $6,431 | $544,374 | $339,528 | $204,846 |
| 2017 | $80 | $533,701 | $332,871 | $200,830 |
| 2016 | $6,177 | $523,238 | $326,345 | $196,893 |
| 2015 | $6,086 | $515,379 | $321,443 | $193,936 |
| 2014 | $5,991 | $505,285 | $315,147 | $190,138 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Davies
Seller's Agent in 2023
Matt Davies
Matt Davies, Broker
(858) 525-3131
25 in this area
147 Total Sales
-
S
Seller Co-Listing Agent in 2023
Seth Hamilton
Citivest Realty Services, Inc
-
Kim Klecan
Seller's Agent in 2018
Kim Klecan
San Terra Properties
(619) 261-9612
40 Total Sales
Map
Source: San Diego MLS
MLS Number: 220022050
APN: 446-052-06
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