NOT LISTED FOR SALE

515 Rimini Rd Del Mar, CA 92014

Estimated Value: $5,194,788 - $5,774,000

4 Beds
2 Baths
2,188 Sq Ft
$2,487/Sq Ft Est. Value

Last Sold May 21, 2015

Last sale price $3,350,000 $1,531 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $31,823/month

113 Days on Market

Highlights

  • 0.53 Acre Lot
  • Laundry Room
  • Partially Fenced Property
  • Del Mar Heights School Rated A+
  • Floor Furnace

About This Home

As of May 2015

Build your dream home on one of the premiere oversized ocean view lots located on the Olde Del Mar hillside. Conveniently located approx 1/4 mile to the Village of Del Mar, restaurants, shops and services, this .53 acre lot (23,087 sq feet) allows for over 5,000 sq' feet livable space above ground per Del Mar Planning Dept. A lot of this size, ocean view, privacy and location is difficult to find in the City of Del Mar and presents a wonderful opportunity to build a showcase residence. Neighborhoods: Olde Del Mar Equipment: Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL,RSLP,GSL

Last Agent to Sell the Property

Tracy Weaver

Wisdom Properties License #00870633 Listed on: 12/06/2014

Co-Listed By

John Wilcox

San Diego Homes and Estates License #01343074

Last Buyer's Agent

Tracy Weaver

Wisdom Properties License #00870633 Listed on: 12/06/2014

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • 0.53 Acre Lot
  • Partially Fenced Property
  • Property is zoned R1-10

Parking

  • 10 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Rolled or Hot Mop Roof
  • Stucco

Interior Spaces

  • 2,188 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 3003900600

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0.53 Acres

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Del Mar
  • Zoning: R1-10
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 3003900600
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2188.00
  • Stories: 2
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1531.08

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Natural Gas, Floor Furnace
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Individual Room

Lot Info

  • Lot Size Sq Ft: 23087.00
  • Lot Size Acres: 0.5300

Multi Family

  • Lot Size Area: 23087.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2014
Closed on
Apr 1, 2015
Sold by
Siebert Suzanne T and Trust A
Bought by
Chris & Piper Underwood Family Trust
Seller's Agent
Tracy Weaver
Wisdom Properties
Buyer's Agent
Tracy Weaver
Wisdom Properties
List Price
$3,350,000
Sold Price
$3,350,000
Current Estimated Value
$5,442,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,092,263
Avg. Annual Appreciation
4.58%
Original Mortgage
$2,345,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2009
Sold by
Hoff Eleanor S and Hoff Family Trust
Bought by
Hoff Eleanor S and Marital Trust A

Purchase Details

Closed on
Aug 2, 1995
Sold by
Hoff John J and Hoff Eleanor S
Bought by
Hoff John J and Hoff Eleanor S
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
Chris & Piper Underwood Family Trust $3,350,000 Chicago Title Company
Hoff Eleanor S -- None Available
Hoff John J -- --
Hoff John J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chris & Piper Underwood Family Trust $2,345,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2015 05/21/15 Sold $3,350,000 0.0% $1,531 / Sq Ft
03/29/2015 03/29/15 Pending -- -- --
12/06/2014 12/06/14 For Sale $3,350,000 -- $1,531 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $42,077 $4,026,190 $3,845,919 $180,271
2024 $42,077 $3,947,246 $3,770,509 $176,737
2023 $41,151 $3,869,850 $3,696,578 $173,272
2022 $40,493 $3,793,972 $3,624,097 $169,875
2021 $38,996 $3,719,582 $3,553,037 $166,545
2020 $39,344 $3,681,443 $3,516,605 $164,838
2019 $38,570 $3,609,258 $3,447,652 $161,606
2018 $36,858 $3,538,489 $3,380,051 $158,438
2017 $36,163 $3,469,108 $3,313,776 $155,332
2016 $34,978 $3,401,087 $3,248,800 $152,287
2015 $1,056 $95,693 $57,263 $38,430
2014 -- $93,820 $56,142 $37,678
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 140064401

California Regional Multiple Listing Service (CRMLS)

APN: 300-390-06

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