NOT LISTED FOR SALE

4532 Palm Ave La Mesa, CA 91941

Estimated Value: $988,000 - $1,154,000

3 Beds
2 Baths
1,171 Sq Ft
$910/Sq Ft Est. Value

Last Sold April 04, 2024

Last sale price $1,100,000 $939 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,395/month

5 Days on Market

Highlights

  • Lawn
  • No HOA
  • Views
  • La Mesa Arts Academy Rated A-
  • Two cooling system units
  • 4-minute walk to Collier Park

About This Home

As of April 2024

STOP YOUR SEARCH! NEW ADU INCLUDED!! Beautiful 1/1 ADU makes this home perfect for investors and families alike!! Located just blocks from the heart of La Mesa. Zoned R-4 (multiple residential) opens up tons of potential investment opportunities. NEW floors, doors, baseboards and fixtures with unseen upgrades like electrical, lighting, drains and water lines. Superior craftsmanship featuring QUARTZ counter tops and high end PORCELAIN bathrooms. FIVE PRIVATE PARKING SPOTS offer ample parking, RV storage or development opportunities. Perfect home for generating passive income or for a family looking for a jaw dropping 3/2 with attached ADU. Easy to show, hard to forget

Last Agent to Sell the Property

Daniel Avina

Rise Realty License #02121574 Listed on: 03/13/2024

Rise Realty

Last Buyer's Agent

Mariko Tortolero

Palisade Realty Inc License #02017723

Palisade Realty Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,944

Year Built

  • Built in 1927

Lot Details

  • 7,405 Sq Ft Lot
  • Lawn
  • Density is up to 1 Unit/Acre
  • Property is zoned R-4

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,171 Sq Ft Home
  • 1-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Utilities

  • Two cooling system units
  • No Heating

Listing and Financial Details

  • Tax Tract Number 5003
  • Assessor Parcel Number 4946212500

Community Details

Overview

  • No Home Owners Association

Recreation

  • Park
  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,944

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: R-4
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4946212500
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1171.00
  • Stories: 1
  • Entry Location: front door
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 939.37

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside, Stackable, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Dog Park, Park

Schools

  • School District: La Mesa-Spring Valley

Green Features

  • Certified 433a: Yes

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lawn
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7405.0000 Square Feet
  • Number Of Units In Community: 1

Tax Info

  • Tax Census Tract: 060730149.012003
  • Tax Tract Number: 05003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
Mar 24, 2024
Sold by
Owens Luxury Estates Llc
Bought by
Wright Nescestt M and Wright Sophia Michelle
Seller's Agent
Daniel Avina
Rise Realty
Buyer's Agent
Mariko Tortolero
Palisade Realty Inc
List Price
$1,050,000
Sold Price
$1,100,000
Premium/Discount to List
$50,000
4.76%
Views
318
Current Estimated Value
$1,065,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,274
Avg. Annual Appreciation
-3.39%
Original Mortgage
$1,006,000
Outstanding Balance
$991,948
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$53,385

Purchase Details

Listed on
Jun 13, 2023
Closed on
Oct 12, 2023
Sold by
4542 & 4532 Palm Avenue Llc
Bought by
Socal Metro Holdings Llc
Seller's Agent
Farhad Iravani
EXP Realty of Southern CA
Buyer's Agent
Tyler Peckinpaugh
NetWorth Realty of San Diego
List Price
$1,950,000
Sold Price
$692,500
Premium/Discount to List
-$1,257,500
-64.49%
Views
129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
179.64%

Purchase Details

Closed on
Feb 6, 2014
Sold by
Grey Rabbit Holding Co Inc
Bought by
4542 & 4532 Palm Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,000
Interest Rate
4.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2009
Sold by
Grey Rabbit Holding Co Inc
Bought by
Grey Rabbit Holding Co Inc

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
4.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 1999
Sold by
Mcfarlane Patricia
Bought by
The Grey Rabbit Pre School Inc

Purchase Details

Closed on
Jun 9, 1999
Sold by
Grey Rabbit Pre School Inc
Bought by
Mcfarlane Patricia

Purchase Details

Closed on
May 22, 1997
Sold by
Delaney Thomas W and Haigh Douglas O
Bought by
The Grey Rabbit Pre School Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,725
Interest Rate
7.58%

Purchase Details

Closed on
Nov 21, 1986

Purchase Details

Closed on
Oct 5, 1984
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
Wright Nescestt M $1,100,000 First American Title
Socal Metro Holdings Llc $692,500 First American Title Insurance
4542 & 4532 Palm Avenue Llc $650,000 Fidelity National Title Co
Grey Rabbit Holding Co Inc -- Chicago Title Company
The Grey Rabbit Pre School Inc -- --
Mcfarlane Patricia -- New Century Title Company
The Grey Rabbit Pre School Inc $260,000 First American Title
-- $112,500 --
-- $76,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Nescestt M $1,006,000
Previous Owner 4542 & 4532 Palm Avenue Llc $327,000
Previous Owner Grey Rabbit Holding Co Inc $80,000
Previous Owner The Grey Rabbit Pre School Inc $214,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2024 04/04/24 Sold $1,100,000 +4.8% $939 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $1,050,000 +51.6% $897 / Sq Ft
10/23/2023 10/23/23 Sold $692,500 -18.0% $591 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
08/28/2023 08/28/23 Price Changed $845,000 -6.0% $722 / Sq Ft
06/28/2023 06/28/23 Price Changed $899,000 -53.9% $768 / Sq Ft
06/13/2023 06/13/23 For Sale $1,950,000 -- $1,665 / 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 $8,944 $1,122,000 $612,000 $510,000
2024 $8,944 $705,000 $470,002 $234,998
2023 $4,797 $353,469 $235,647 $117,822
2022 $4,610 $346,539 $231,027 $115,512
2021 $4,539 $339,746 $226,498 $113,248
2020 $4,419 $336,263 $224,176 $112,087
2019 $4,337 $329,671 $219,781 $109,890
2018 $4,277 $323,208 $215,472 $107,736
2017 $50 $316,872 $211,248 $105,624
2016 $4,090 $310,659 $207,106 $103,553
2015 $4,067 $305,994 $203,996 $101,998
2014 $2,190 $143,262 $104,195 $39,067
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2402093

California Regional Multiple Listing Service (CRMLS)

APN: 494-621-25