$621,000
SOLD FEB 25, 2022

5015 Cape May Ave Unit 101 San Diego, CA 92107

Ocean Beach Neighborhood
2 Beds
2 Baths
910 Sq Ft
$445/mo HOA Fee

Recently Sold

$682 Per Sq Ft

3% Below List Price

4 Days on Market

Highlights

  • In Ground Pool
  • End Unit
  • Security Fence
  • Ocean Beach Elementary School Rated A
  • Laundry Facilities
  • Dining Area

About This Home

As of May 2022

Great opportunity to own a 2 BR 2 bath unit just 2 blocks from the ocean & within walking distance of restaurants and shopping! Features include a gated security entrance, community pool in the courtyard, laundry room with several washers/dryers, separate storage closet for each unit, tandem reserved parking space next to the building entry in front. Elevated corner unit on the first floor with large windows & lots of light. Primary BR has a walk in closet and bath refurbished in 2014. Price reflects modernization needed in hall bath & kitchen.

Last Agent to Sell the Property

Lynn Parke Rick Parke

San Diego Castles Realty License #01096883 Listed on: 02/05/2022

Last Buyer's Agent

JD Esajian

eXp Realty of California, Inc. License #01876262

eXp Realty of California, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,109

Year Built

  • Built in 1967

Lot Details

  • End Unit
  • Security Fence
  • Gated Home

HOA Fees

  • $445 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Stucco Exterior

Interior Spaces

  • 910 Sq Ft Home
  • 3-Story Property
  • Dining Area

Kitchen

  • Electric Oven
  • Electric Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Tandem Garage
  • Assigned Parking

Pool

Utilities

  • Gravity Heating System

Listing and Financial Details

  • Assessor Parcel Number 448-101-42-01

Community Details

Overview

  • Association fees include common area maintenance, exterior (landscaping), exterior bldg maintenance, gated community, trash pickup, water
  • 30 Units
  • Cape May Towers Association, Phone Number (858) 602-3470
  • Cape May Towers Community

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,109

Year Built

Built in 1967

Lot Details

0

HOA Fees

$445 per month

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Attached
  • Attached Style: Mid Rise
  • Residential Styles: All Other Attached
  • Market Area: Coastal South
  • Cross Street: Bacon St
  • Neighborhood: Ocean Beach
  • Estimated Living Space: 500 to 999 SqFt
  • LP / Sq Ft: 703.3
  • Price Per Sq Ft: 682.42
  • Residential Unit Location: End Unit
  • SP/ Sq Ft: 682.42
  • Stories: 1 Story
  • Stories In Building: 3
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Equipment Available: Dishwasher, Disposal, Microwave, Refrigerator, Electric Oven, Electric Range
  • Searchable Rooms: Bedroom Entry Level, Dining Area, MBR Entry Level, Kitchen
  • Total Bedrooms: 2
  • Bedrooms: 2
  • Master Bedroom Dimensions: 14x13
  • Full Bathrooms: 2
  • Laundry Location: Community
  • Estimated Sq Ft: 910
  • Total Bathrooms: 2

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate, Security
  • Pool: Below Ground, Community/Common
  • Roof: Flat
  • Three or more Steps To Entry: Yes

Garage/Parking

  • Non Garage Parking: Assigned, Tandem
  • Garage Spaces: 2
  • Parking Spaces Total: 2

Utilities

  • Sewer/Septic: Sewer Connected
  • Heating: Wall/Gravity
  • Heating Fuel: Electric

Condo/Co-op/Association

  • Complex Name: Cape May Towers
  • Units In Building: 30
  • Total Number of Units: 30
  • Property Management Company: Menas HOA Management
  • Property Management Phone: 858-602-3470
  • Community: OCEAN BEACH
  • Home Owner Association: Cape May towers
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior (Landscaping), Exterior Bldg Maintenance, Gated Community, Trash Pickup, Water
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 445.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 858-602-3470

Association/Amenities

  • Entry Level Building: 1
  • Entry Level Unit: 1

Fee Information

  • Total Monthly Fees: 445

Lot Info

  • Lot Size: 0 (Common Interest)
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-1
  • Assessor Parcel Number: 448-101-42-01
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Map Code Column: J
  • Map Code Page: 1267
  • Map Code Row: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2023
Sold by
Andre Peter and Andre Janice
Bought by
Andre Family Trust and Andre
Current Estimated Value
$839,022

Purchase Details

Listed on
Apr 19, 2022
Closed on
Apr 26, 2022
Sold by
Countrywide Re Llc
Bought by
Andre Peter and Andre Janice
Seller's Agent
JD Esajian
eXp Realty of California, Inc.
Buyer's Agent
Brandon Ponsoll
Compass
List Price
$729,000
Sold Price
$795,400
Premium/Discount to List
$66,400
9.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.04%
Original Mortgage
$636,300
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2022
Closed on
Feb 14, 2022
Sold by
Fraleigh Family Survivors Trust
Bought by
Countrywide Re Llc
Seller's Agent
Lynn Parke Rick Parke
San Diego Castles Realty
Buyer's Agent
JD Esajian
eXp Realty of California, Inc.
List Price
$640,000
Sold Price
$621,000
Premium/Discount to List
-$19,000
-2.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 29, 2020
Sold by
Fraleigh Sara B
Bought by
Fraleigh Sara B

Purchase Details

Closed on
Jan 22, 2015
Sold by
Fraleigh Sara B
Bought by
Fraleigh Sara B

Purchase Details

Closed on
Mar 27, 2000
Sold by
Fraleigh Family Trust 10-08-92
Bought by
Fraleight Sara B

Purchase Details

Closed on
Aug 7, 1998
Sold by
Fraleigh Edward M and Fraleigh Sara B
Bought by
Fraleigh Edward M and Fraleigh Sara B

Purchase Details

Closed on
May 29, 1997
Sold by
Great Western Bank Fsb
Bought by
Fraleigh Edward M and Fraleigh Sara B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,900
Interest Rate
7.94%

Purchase Details

Closed on
Mar 20, 1997
Sold by
Wilson Beverly J
Bought by
Great Western Bank Fsb

Purchase Details

Closed on
Oct 31, 1996
Sold by
Gledhill Fred Trust Of 1977 and Fred
Bought by
Wilson Beverly J

Purchase Details

Closed on
Jan 4, 1990

Purchase Details

Closed on
Mar 28, 1986
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Grant Deed $795,500 Chicago Title
Grant Deed $621,000 Chicago Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Lawyers Title
Grant Deed $81,000 Chicago Title Co
Trustee Deed $62,930 Chicago Title Co
Quit Claim Deed -- --
Deed $123,000 --
Deed $75,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $636,300 New Conventional
Previous Owner $3,000,000 Credit Line Revolving
Previous Owner $72,900 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $795,400 0.0% $874 / Sq Ft
04/23/2022 04/23/22 Pending -- -- --
04/23/2022 04/23/22 Price Changed $795,400 +9.1% $874 / Sq Ft
04/19/2022 04/19/22 For Sale $729,000 +17.4% $801 / Sq Ft
02/25/2022 02/25/22 Sold $621,000 -3.0% $682 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
02/05/2022 02/05/22 For Sale $640,000 -- $703 / 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
2024 $10,109 $827,534 $686,664 $140,870
2023 $9,970 $811,308 $673,200 $138,108
2022 $1,542 $124,289 $61,376 $62,913
2021 $1,532 $121,853 $60,173 $61,680
2020 $1,514 $120,604 $59,556 $61,048
2019 $1,487 $118,240 $58,389 $59,851
2018 $1,392 $115,923 $57,245 $58,678
2017 $1,359 $113,651 $56,123 $57,528
2016 $1,336 $111,423 $55,023 $56,400
2015 $1,317 $109,750 $54,197 $55,553
2014 $1,297 $107,601 $53,136 $54,465
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220002565

San Diego MLS

APN: 448-101-42-01