NOT LISTED FOR SALE

502 S Rios Ave Solana Beach, CA 92075

Estimated Value: $5,478,000 - $6,503,000

6 Beds
5 Baths
3,883 Sq Ft
$1,520/Sq Ft Est. Value

Last Sold July 06, 2020

Last sale price $3,490,000 $899 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $34,586/month

103 Days on Market

Highlights

  • Ocean View
  • Retreat
  • Living Room
  • Skyline Elementary School Rated A
  • 2 Car Attached Garage
  • Zoned Cooling

About This Home

As of July 2020

Coastal modern living awaits in this beautifully remodeled, turn-key home, showcasing stunning ocean views and an inviting sun-kissed floor plan. The lush oversized property sets the stage for chic outdoor gatherings that are perfect for entertaining. The freshly upgraded landscaped yard boasts a sunken lounge area with fire pit to enjoy the sunset views over the Pacific Ocean. Just steps from the famous Cedros Avenue, the heart and soul of Solana Beach. This is a must see home and location! Coastal modern living awaits in this fully remodeled, turn-key home, showcasing stunning ocean views and an inviting sun-kissed floor plan. The lush oversized lawn sets the stage for a sprawling child's playground and doubles as a chic outdoor gathering spot perfect for entertaining. Surrounded by a privacy fence, the freshly landscaped yard boasts a sunken lounge area with fire pit for optimum comfort on cool nights. Step inside the meticulous living-dining area where your attention is called to a raised ceiling and an array of windows serving up panoramic landscapes and showers of natural light. Sliding glass doors open to a wraparound deck where you can enjoy your morning coffee and bask in the saltwater breeze. Unwind in the bright, cozy family room complete with a contemporary wall-mounted fireplace and an alcove wine cellar beneath the staircase. The adjacent chef's kitchen features a six-burner gas range with double oven and griddle, Miele stainless-steel appliances, a walk-in pantry with temperature-controlled Miele wine fridge and a dining nook to savor your culinary creations. Gather the kids around the quartz island for informal meals or passing down your secret family recipes. Upstairs, you're met with a hall of windows leading to two bedrooms and a grand master suite complete, with walk-in closet, bathroom with freestanding tub, separate shower, his and her sinks, and an expansive balcony. With its own private entrance, the second-floor office functions as another quintessential guest suite. Rounding out the home, its bottom floor offers one more guest suite and living space, complete with a full bathroom. This sumptuous home in the heart of North County's hottest beachside neighborhood is steps from Cedros Design District and a short walk to Fletcher Cove Beach Park. Welcome home.

Last Agent to Sell the Property

Brett Combs

Compass License #01347012 Listed on: 02/06/2020

Compass

Last Buyer's Agent

Roxie Graham

Corcoran Global Living License #01068141

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,064

Year Built

  • Built in 1975

Lot Details

  • 10,706 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 3,883 Sq Ft Home
  • 3-Story Property
  • Family Room with Fireplace
  • Living Room
  • Dining Area
  • Ocean Views

Kitchen

  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Retreat

Laundry

  • Laundry in Garage
  • Dryer

Utilities

  • Zoned Cooling
  • Separate Water Meter
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 298-093-23-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,064

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: Coastal North
  • Cross Street: Palmitas
  • Neighborhood: Solana Beach
  • Supplement: Coastal modern living awaits in this fully remodeled, turn-key home, showcasing stunning ocean views and an inviting sun-kissed floor plan. The lush oversized lawn sets the stage for a sprawling child's playground and doubles as a chic outdoor gathering spot perfect for entertaining. Surrounded by a privacy fence, the freshly landscaped yard boasts a sunken lounge area with fire pit for optimum comfort on cool nights. Step inside the meticulous living-dining area where your attention is called to a raised ceiling and an array of windows serving up panoramic landscapes and showers of natural light. Sliding glass doors open to a wraparound deck where you can enjoy your morning coffee and bask in the saltwater breeze. Unwind in the bright, cozy family room complete with a contemporary wall-mounted fireplace and an alcove wine cellar beneath the staircase. The adjacent chef's kitchen features a six-burner gas range with double oven and griddle, Miele stainless-steel appliances, a walk-in pantry with temperature-controlled Miele wine fridge and a dining nook to savor your culinary creations. Gather the kids around the quartz island for informal meals or passing down your secret family recipes. Upstairs, you're met with a hall of windows leading to two bedrooms and a grand master suite complete, with walk-in closet, bathroom with freestanding tub, separate shower, his and her sinks, and an expansive balcony. With its own private entrance, the second-floor office functions as another quintessential guest suite. Rounding out the home, its bottom floor offers one more guest suite and living space, complete with a full bathroom. This sumptuous home in the heart of North County's hottest beachside neighborhood is steps from Cedros Design District and a short walk to Fletcher Cove Beach Park. Welcome home.
  • LP / Sq Ft: 925.83
  • Price Per Sq Ft: 898.79
  • SP/ Sq Ft: 898.79
  • Stories: 3 Story
  • Ownership: Fee Simple
  • Total Stories: 3
  • Year Built: 1975
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment Available: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Refrigerator, Built In Range, Gas Cooking
  • Fireplaces: 1
  • Fireplace: Fp In Family Room
  • Searchable Rooms: Dining Area, Family Room, Master Retreat, Kitchen, Living Room
  • Total Bedrooms: 6
  • Bedrooms: 5
  • Master Bedroom Dimensions: 20x13
  • Optional Bedrooms: 1
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Laundry Location: Garage
  • Estimated Sq Ft: 3883
  • Total Bathrooms: 5

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition
  • View: Ocean

Garage/Parking

  • Garage Details: Attached
  • Garage Spaces: 2
  • Non Garage Parking: Driveway
  • Garage Spaces: 2
  • Parking Spaces Total: 4

Utilities

  • Cooling: Zoned Area(s)
  • Laundry Utilities: Gas & Electric Dryer HU
  • Sewer/Septic: Septic Installed
  • Water: Meter on Property
  • Heating: Forced Air Unit
  • Heating Fuel: Natural Gas

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: SOLANA BEACH

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Topography: Level, Slope Gentle
  • Assessor Parcel Number: 298-093-23-00
  • Estimated Lot Sq Ft: 10706
  • Estimated Number of Acres: 0.246

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
May 29, 2020
Sold by
Garcia Michael A and Garcia Shannon
Bought by
Buchanan Sean and Buchanan Michelle D
Seller's Agent
Brett Combs
Compass
Buyer's Agent
Roxie Graham
Corcoran Global Living
List Price
$3,595,000
Sold Price
$3,490,000
Premium/Discount to List
-$105,000
-2.92%
Current Estimated Value
$5,901,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,411,239
Avg. Annual Appreciation
10.63%
Original Mortgage
$1,490,000
Outstanding Balance
$1,323,685
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$4,577,554

Purchase Details

Closed on
Nov 16, 2016
Sold by
Albrecht Andrew L and Albrecht Laurie I
Bought by
Garcia Michael A and Garcia Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,480,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 26, 1998
Sold by
Albrecht Andrew L and Albrecht Laurie L
Bought by
Albrecht Andrew L and Albrecht Laurie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
7.06%

Purchase Details

Closed on
Oct 9, 1996
Sold by
Rippy Raymond J and Rippy Amy A
Bought by
Albrecht Andrew L and Albrecht Laurie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,100
Interest Rate
7.91%

Purchase Details

Closed on
Oct 30, 1989

Purchase Details

Closed on
Oct 22, 1987

Purchase Details

Closed on
Dec 23, 1986
Source: Public Records

Range of Values:

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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
Buchanan Sean $3,490,000 Chicago Title Company Sd
Garcia Michael A $1,850,000 First American Title Ins Co
Albrecht Andrew L -- Stewart Title
Albrecht Andrew L $549,000 First American Title
-- $392,000 --
-- $235,000 --
-- $173,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buchanan Sean $1,490,000
Previous Owner Garcia Michael A $490,000
Previous Owner Garcia Michael A $2,100,000
Previous Owner Garcia Michaela $1,848,000
Previous Owner Garcia Michael A $1,480,000
Previous Owner Albrecht Andrew L $1,120,000
Previous Owner Albrecht Andrew L $265,000
Previous Owner Albrecht Andrew L $845,000
Previous Owner Albrecht Andrew L $300,000
Previous Owner Albrecht Andrew L $562,000
Previous Owner Albrecht Andrew L $450,000
Previous Owner Albrecht Andrew L $300,000
Previous Owner Albrechi Andrew L $721,600
Previous Owner Albrecht Andrew L $270,000
Previous Owner Albrecht Andrew L $173,000
Previous Owner Albrecht Andrew L $620,000
Previous Owner Albrecht Andrew L $494,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2020 07/06/20 Sold $3,490,000 -2.9% $899 / Sq Ft
05/20/2020 05/20/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $3,595,000 -- $926 / 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 $41,064 $3,857,686 $3,247,296 $610,390
2024 $41,064 $3,703,615 $3,183,624 $519,991
2023 $40,261 $3,630,996 $3,121,200 $509,796
2022 $39,672 $3,559,800 $3,060,000 $499,800
2021 $39,025 $3,490,000 $3,000,000 $490,000
2020 $22,759 $1,963,233 $1,581,199 $382,034
2019 $26,145 $1,924,740 $1,550,196 $374,544
2018 $26,345 $1,887,000 $1,519,800 $367,200
2017 $25,980 $1,850,000 $1,490,000 $360,000
2016 $13,798 $755,315 $399,688 $355,627
2015 $13,691 $743,971 $393,685 $350,286
2014 $9,138 $729,399 $385,974 $343,425
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200006129

San Diego MLS

APN: 298-093-23