NOT LISTED FOR SALE

454 Fern Glen La Jolla, CA 92037

Beach Barber Tract Neighborhood

Estimated Value: $2,161,000 - $2,306,000

3 Beds
2 Baths
526 Sq Ft
$4,239/Sq Ft Est. Value

Last Sold January 09, 2015

Last sale price $1,100,000 $2,091 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $13,161/month

4 Days on Market

Highlights

  • 1-Story Property
  • La Jolla Elementary School Rated A
  • 3-minute walk to Mt. Soledad National Veterans Memorial

About This Home

As of January 2015

Investor, developer, even owner-user opportunity at this RM1-1 zoned corner lot west of La Jolla Blvd near world famous Windnsea Beach. Existing improvements include 2 charming income producing units with nice patio space and a 2 car garage. All within walking distance of the best local beach. Take advantage of great upside potential with a .75 FAR. Buyer to verify all information prior to contingency removal, including ability to redevelop. Do not disturb tenants. Offered subject to existing leases. Buyer to verify all information prior to contingency removal, including ability to redevelop property. Neighborhoods: Windansea Other Fees: 0 Sewer: Sewer Connected Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Drew Nelson

Willis Allen Real Estate License #01376023 Listed on: 11/17/2014

Willis Allen Real Estate

Last Buyer's Agent

Joseph Tutrow

Realty World My San Diego License #01858354

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,953

Year Built

  • Built in 2000

Lot Details

  • 4,935

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • 1-Story Property
  • 4,935 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity
  • Assessor Parcel Number 3511421600

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • 454 Fern Glen

Building Details

  • Net Operating Income $40,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,953

Year Built

Built in 2000

Lot Details

0

Listing Details

  • CapRate: 4.05
  • Park Name: 454 Fern Glen
  • Subdivision Name Other: La Jolla
  • View: No
  • Zoning: RM1-1
  • Property Type: Residential Income
  • Parcel Number: 3511421600
  • Year Built: 2000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Levels: One

Exterior Features

  • Pool Private: No
  • Roof: Composition

Lot Info

  • Lot Size Sq Ft: 4935.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Water, Cable TV, Electricity

Multi Family

  • Gross Scheduled Income: 4000.00
  • Lot Size Area: 4935.0000 Square Feet
  • Net Operating Income: 40260.00
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Number With Range: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2014
Closed on
Nov 26, 2014
Sold by
Bishop Joint Venture Llc
Bought by
Kirsch Terri
Seller's Agent
Drew Nelson
Willis Allen Real Estate
Buyer's Agent
Joseph Tutrow
Realty World My San Diego
List Price
$1,100,000
Sold Price
$1,100,000
Total Days on Market
4
Current Estimated Value
$2,229,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,129,518
Avg. Annual Appreciation
7.01%
Original Mortgage
$550,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2011
Sold by
Bishop Carole A and Bishop Vina Sue
Bought by
Bishop Joint Venture Llc
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
Kirsch Terri $1,100,000 Chicago Title Company
Bishop Joint Venture Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kirsch Terri $653,500
Closed Kirsch Terri $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2015 01/09/15 Sold $1,100,000 0.0% $2,091 / Sq Ft
11/21/2014 11/21/14 Pending -- -- --
11/17/2014 11/17/14 For Sale $1,100,000 -- $2,091 / 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
2024 $15,953 $1,296,104 $1,254,869 $41,235
2023 $15,601 $1,270,691 $1,230,264 $40,427
2022 $15,186 $1,245,777 $1,206,142 $39,635
2021 $15,083 $1,221,351 $1,182,493 $38,858
2020 $14,900 $1,208,828 $1,170,368 $38,460
2019 $14,634 $1,185,126 $1,147,420 $37,706
2018 $13,681 $1,161,889 $1,124,922 $36,967
2017 $13,356 $1,139,108 $1,102,865 $36,243
2016 $13,144 $1,116,774 $1,081,241 $35,533
2015 $4,297 $363,251 $287,786 $75,465
2014 $4,230 $356,136 $282,149 $73,987
Source: Public Records

Agents Affiliated with this Home

  • Drew Nelson

    Seller's Agent in 2015

    Drew Nelson

    Willis Allen

    (858) 215-3739

    10 in this area

    131 Total Sales

    Drew Nelson
    Section Image

  • J

    Buyer's Agent in 2015

    Joseph Tutrow

    Realty World My San Diego

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 140061821

California Regional Multiple Listing Service (CRMLS)

APN: 351-142-16

California San Diego County La Jolla 92037 Beach Barber Tract

454 Fern Glen, La Jolla, CA

This home is located at 454 Fern Glen, La Jolla, CA 92037 since 17 November 2014 and is currently estimated at $2,229,518, approximately $4,238 per square foot. This property was built in 2000. 454 Fern Glen is a home located in San Diego County with nearby schools including La Jolla Elementary School, Muirlands Middle School, and La Jolla High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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