NOT LISTED FOR SALE

5015 Cape May Ave Unit 203 San Diego, CA 92107

Ocean Beach Neighborhood

Estimated Value: $747,220 - $928,000

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

Last Sold December 15, 2021

Last sale price $619,000 $680 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,499/month

45 Days on Market

Highlights

  • In Ground Pool
  • Ocean Side of Freeway
  • 0.4 Acre Lot
  • Ocean Beach Elementary School Rated A
  • Updated Kitchen
  • Clubhouse

About This Home

As of December 2021

Rare opportunity less than 2 blocks from the beach! Nice size 2BR, 2BA condo in easy strolling distance to the ocean, restaurants, pubs, breweries, shopping, the OB Pier and all that Ocean Beach is known for. Recently updated/upgraded second floor unit, newer kitchen, baths, flooring and paint. Serene, well kept 30 unit complex on the corner of Bacon and Cape May. Quiet side of this gated complex, away from the streets. Best of both worlds! Easy walking distance to where the excitement is - but a quick stroll back to this quiet spot minutes from the ocean.

Last Agent to Sell the Property

Frank McLin

Heartland Real Estate License #00924501 Listed on: 09/25/2021

Last Buyer's Agent

Giuseppe Lauritano

Sunset Realty License #01932236

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,941

Year Built

  • Built in 1967

Lot Details

  • Property fronts an alley
  • Two or More Common Walls
  • Northwest Facing Home
  • Landscaped

HOA Fees

  • $445 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Turnkey
  • Stucco

Interior Spaces

  • 910 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Tinted Windows
  • Window Screens
  • Living Room
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Remodeled Bathroom
  • Granite Bathroom Countertops
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Home Security

Parking

  • 1 Parking Space
  • 1 Detached Carport Space
  • Parking Available

Outdoor Features

  • In Ground Pool
  • Ocean Side of Freeway
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Radiant Heating System
  • 220 Volts in Kitchen
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Urban Location

Listing and Financial Details

  • Tax Tract Number 279
  • Assessor Parcel Number 4481014213

Community Details

Overview

  • 30 Units
  • Cape May Towers Association, Phone Number (858) 270-7870

Amenities

  • Clubhouse
  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,941

Year Built

Built in 1967

Lot Details

0

HOA Fees

$445 per month

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street, Alley
  • Road Surface Type: Alley Paved, Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Cape May Towers
  • View: No
  • Zoning: Condominium
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 4481014213
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 910.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Accessibility Features: No Interior Steps
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 2
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 680.22
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet
  • Window Features: Screens, Tinted Windows
  • Bathroom Features: Exhaust Fan(s), Granite Counters, Remodeled, Shower, Shower In Tub, Bathtub
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Direction Faces: Northwest
  • Pool Features: Association, Community, In Ground
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Kitchen, Electricity - On Property
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Pet Rules, Pets Permitted, Pool
  • Association Fee: 445.00
  • Association Fee Frequency: Monthly
  • Association Name: Cape May Towers
  • Phone: 858 270-7870
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Walkstreet
  • Lot Size: Condo, 138 x 124
  • Lot Size Sq Ft: 17314.00
  • Lot Size Acres: 0.3975

Multi Family

  • Lease Considered: No
  • Lot Size Area: 17314.0000 Square Feet
  • Number Of Units In Community: 30
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Tract Number: 000279

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2021
Closed on
Nov 16, 2021
Sold by
Tegnelia Sandra R and Estate Of Ryan James Tegnelia
Bought by
Shaw Eric A
Seller's Agent
Frank McLin
Heartland Real Estate
Buyer's Agent
Giuseppe Lauritano
Sunset Realty
List Price
$637,900
Sold Price
$619,000
Premium/Discount to List
-$18,900
-2.96%
Current Estimated Value
$837,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,555
Avg. Annual Appreciation
7.87%
Original Mortgage
$588,050
Outstanding Balance
$539,591
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$297,964

Purchase Details

Closed on
Jan 13, 2020
Sold by
Abrams Deborah
Bought by
Tegnelia Ryan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2003
Sold by
Abrams Deborah
Bought by
Abrams Deborah

Purchase Details

Closed on
Jul 10, 1998
Sold by
Brown Richard H
Bought by
Abrams Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,930
Interest Rate
6.88%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shaw Eric A $619,000 Ticor Title San Diego Branch
Tegnelia Ryan J $475,000 First American Title Company
Abrams Deborah -- --
Abrams Deborah $110,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaw Eric A $588,050
Previous Owner Tegnelia Ryan J $427,500
Previous Owner Abrams Deborah $100,930
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2021 12/15/21 Sold $619,000 -0.9% $680 / Sq Ft
11/10/2021 11/10/21 Pending -- -- --
11/04/2021 11/04/21 Price Changed $624,900 -2.0% $687 / Sq Ft
10/16/2021 10/16/21 Price Changed $637,900 0.0% $701 / Sq Ft
10/16/2021 10/16/21 For Sale $637,900 +3.1% $701 / Sq Ft
10/15/2021 10/15/21 Off Market $619,000 -- --
09/25/2021 09/25/21 For Sale $649,000 -- $713 / 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 $7,941 $656,887 $530,604 $126,283
2024 $7,941 $644,007 $520,200 $123,807
2023 $7,766 $631,380 $510,000 $121,380
2022 $7,560 $619,000 $500,000 $119,000
2021 $5,944 $479,920 $259,730 $220,190
2020 $1,883 $157,661 $85,325 $72,336
2019 $1,848 $154,570 $83,652 $70,918
2018 $1,728 $151,540 $82,012 $69,528
2017 $80 $148,569 $80,404 $68,165
2016 $1,656 $145,657 $78,828 $66,829
2015 $1,631 $143,470 $77,644 $65,826
2014 $1,604 $140,661 $76,124 $64,537
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2021

    Frank McLin

    Heartland Real Estate

    (619) 464-3575

    1 in this area

    109 Total Sales

    Frank McLin
    Section Image
  • Giuseppe Lauritano

    Buyer's Agent in 2021

    Giuseppe Lauritano

    Sunset Realty

    (760) 613-3075

    1 in this area

    34 Total Sales

    Giuseppe Lauritano
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2106752

California Regional Multiple Listing Service (CRMLS)

APN: 448-101-42-13

California San Diego County San Diego 92107 Ocean Beach

5015 Cape May Ave Unit 203, San Diego, CA

Not Listed for Sale

Condos

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