NOT LISTED FOR SALE

5015 Cape May Ave Unit 108 San Diego, CA 92107

Ocean Beach Neighborhood

Estimated Value: $567,000 - $794,000

1 Bed
1 Bath
638 Sq Ft
$430/mo HOA Fee

Last Sold October 13, 2020

Last sale price $451,000 $707 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,406/month

13 Days on Market

Highlights

  • In Ground Pool
  • Neighborhood Views
  • Laundry Facilities
  • Ocean Beach Elementary School Rated A
  • Tile Flooring
  • Dining Area

About This Home

As of October 2020

Listen to the waves crash from this 1 bedroom 1 bath first floor condo. Located in the heart of Ocean Beach just a block from the sand and a short walk to Newport Ave, enjoy all that the beach life has to offer! This unit features quartz counter tops as well as soft-close shaker cabinets and hardware in both the kitchen and bathroom, under-cabinet & recessed lighting w/ dimmer in the kitchen, laminate hardwood throughout as well as ceiling fans in the dining area and bedroom. see supplement The bathroom has tile flooring as well as a shower tile surround. 1 Off street parking spot is perfect for those warm summer days or holiday weekends when finding street parking is nearly impossible. Community laundry, community pool, a gated community and a prime location make this unit extremely walkable to anything that OB has to offer.

Last Agent to Sell the Property

Brandon Carey

Realty Rise Inc dba Rise Referral Network License #01874344 Listed on: 08/27/2020

Realty Rise Inc dba Rise Referral Network

Last Buyer's Agent

Sarah Lane Anderson

Compass License #01936923

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,823

Year Built

  • Built in 1967

Lot Details

  • 0.4

HOA Fees

  • $430 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Rolled or Hot Mop Roof

Interior Spaces

  • 638 Sq Ft Home
  • 3-Story Property
  • Dining Area
  • Neighborhood Views

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Assigned Parking

Utilities

  • Radiant Heating System
  • Separate Water Meter

Additional Features

  • In Ground Pool
  • Property is Fully Fenced

Listing and Financial Details

  • Assessor Parcel Number 448-101-42-08

Community Details

Overview

  • Association fees include common area maintenance, exterior bldg maintenance, gated community, limited insurance, roof maintenance, sewer, water
  • 30 Units
  • Menas Realty Association, Phone Number (858) 270-7870
  • Cape May Towers Community

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,823

Year Built

Built in 1967

Lot Details

0

HOA Fees

$430 per month

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Attached
  • Residential Styles: All Other Attached
  • Market Area: Coastal South
  • Cross Street: Bacon
  • Neighborhood: Ocean Beach
  • Supplement: The bathroom has tile flooring as well as a shower tile surround. 1 Off street parking spot is perfect for those warm summer days or holiday weekends when finding street parking is nearly impossible. Community laundry, community pool, a gated community and a prime location make this unit extremely walkable to anything that OB has to offer.
  • LP / Sq Ft: 688.09
  • Price Per Sq Ft: 706.9
  • SP/ Sq Ft: 706.9
  • Stories: 1 Story
  • Stories In Building: 3
  • Ownership: Condominium
  • Total Stories: 1
  • Year Built: 1967
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Unit Number Space Number: 108
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Laminate, Tile
  • Equipment Available: Microwave, Refrigerator, Electric Range
  • Elevator: Yes
  • Searchable Rooms: Dining Area
  • Total Bedrooms: 1
  • Bedrooms: 1
  • Master Bedroom Dimensions: 13x12
  • Full Bathrooms: 1
  • Laundry Location: Community
  • Estimated Sq Ft: 638
  • Total Bathrooms: 1

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Pool: Below Ground, Community/Common
  • Roof: Rolled/Hot Mop
  • View: Neighborhood

Garage/Parking

  • Non Garage Parking: Assigned
  • Garage Spaces: 1
  • Parking Spaces Total: 1

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Radiant
  • Heating Fuel: Electric

Condo/Co-op/Association

  • Complex Name: Cape May Towers
  • Total Fees: 5160.0
  • Pets Allowed: Allowed w/Restrictions
  • Units In Building: 30
  • Total Number of Units: 30
  • Community: OCEAN BEACH
  • Home Owner Association: Menas Realty
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior Bldg Maintenance, Gated Community, Limited Insurance, Roof Maintenance, Sewer, Water
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 430.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 858.270.7870

Association/Amenities

  • Entry Level Unit: 1

Fee Information

  • Total Monthly Fees: 430

Lot Info

  • Lot Size: .25 to .5 AC
  • Topography: Level
  • Assessor Parcel Number: 448-101-42-08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2021
Sold by
Oconnor Ann H
Bought by
Kbh Equities Lp
Current Estimated Value
$658,483

Purchase Details

Listed on
Aug 27, 2020
Closed on
Sep 13, 2020
Sold by
Sterner Evan J and Sterner Megan E
Bought by
Shrestha Anjali K
Seller's Agent
Brandon Carey
Realty Rise Inc dba Rise Referral Network
Buyer's Agent
Sarah Lane Anderson
Compass
List Price
$439,000
Sold Price
$451,000
Premium/Discount to List
$12,000
2.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Original Mortgage
$360,800
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2016
Sold by
Morgan Michael K and Ewing Lynne R
Bought by
Sterner Evan J and Sterner Megan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2015
Sold by
Morgan Michael K and Ewing Lynner
Bought by
The Morgan Ewing Family Trust

Purchase Details

Closed on
Jun 20, 2005
Sold by
Sherman Richard B
Bought by
Morgan Michael K and Ewing Lynne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2004
Sold by
Shinn Robert and Shinn Sarah
Bought by
Sherman Richard B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
May 15, 1996
Sold by
Siewert Selma
Bought by
Shinn Robert and Shinn Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
7.8%
Mortgage Type
Seller Take Back
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
Kbh Equities Lp $432,000 Fidelity National Title
Shrestha Anjali K $451,000 Fidelity Natl Ttl San Diego
Sterner Evan J $280,000 California Title Company
The Morgan Ewing Family Trust -- None Available
Morgan Michael K $369,000 First American Title
Sherman Richard B $307,500 First American Title
Shinn Robert $67,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shrestha Anjali K $360,800
Previous Owner Sterner Evan J $224,000
Previous Owner Morgan Michael K $295,200
Previous Owner Sherman Richard B $246,000
Previous Owner Shinn Robert $61,000
Closed Sherman Richard B $30,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2020 10/13/20 Sold $451,000 +2.7% $707 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $439,000 -- $688 / 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
2025 $5,823 $488,173 $418,436 $69,737
2024 $5,823 $478,602 $410,232 $68,370
2023 $5,693 $469,219 $402,189 $67,030
2022 $5,541 $460,019 $394,303 $65,716
2021 $5,501 $451,000 $386,572 $64,428
2020 $3,685 $297,137 $254,689 $42,448
2019 $3,619 $291,312 $249,696 $41,616
2018 $3,385 $285,600 $244,800 $40,800
2017 $3,305 $280,000 $240,000 $40,000
2016 $4,079 $345,000 $288,000 $57,000
2015 $4,080 $345,000 $288,000 $57,000
2014 $3,801 $320,000 $268,000 $52,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200041598

San Diego MLS

APN: 448-101-42-08