NOT LISTED FOR SALE

5211 E Falls View Dr San Diego, CA 92115

College East Neighborhood

Estimated Value: $1,644,593 - $1,921,000

8 Beds
4 Baths
2,485 Sq Ft
$708/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $1,365,000 $549 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $10,716/month

3 Days on Market

Highlights

  • Two Primary Bedrooms
  • Slab Porch or Patio
  • Attic Fan
  • Hardy Elementary School Rated A-
  • Laundry Room
  • 3-minute walk to College Area Community Garden

About This Home

As of May 2021

True Sales Price of $1,380,000 for COMP Purposes. BUYER AGENT CREDITED $15,000 commission toward the purchase price. Pleased to present for sale a well located student rental by San Diego State. 5211 E Falls View Dr is just a stone's throw from the SDSU Campus, there is typically a waiting list of students hoping to rent this gem each year. The 6bd/3ba house and attached 2bd/1ba ADU are fully rented to SDSU students bringing in $8,400 per month. The doorway from the ADU currently remains open and property is currently rented to one single tenant group as a large 8bed/4bath/2kitchen unit. Properties this close to the SDSU campus rarely trade because of the unequivocal student demand and the premium rents that they bring. Don't miss this amazing cash flow opportunity that won't last long on the market.

Last Agent to Sell the Property

Alexio Barbara

Bridgepoint Realty Inc License #01992393 Listed on: 04/04/2021

Co-Listed By

Adrian Gonzalez

Bridgepoint Realty Inc License #01844618

Last Buyer's Agent

Vani Bobba

Vani Bobba, Broker License #01441126

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,030

Year Built

  • Built in 1970

Lot Details

  • 6,000 Sq Ft Lot
  • Gated Home
  • Wood Fence
  • Fence is in fair condition
  • Level Lot
  • Property is zoned R-1:SINGLE

Home Design

  • Flat Roof Shape
  • Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 2,485 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room with Fireplace
  • Dining Area
  • Attic Fan

Kitchen

  • Gas Oven
  • Stove
  • Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Double Master Bedroom
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Parking

  • 3 Car Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking

Additional Features

  • Slab Porch or Patio
  • Separate Water Meter

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 467-042-01-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,030

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: Metro Uptown
  • Cross Street: Adobe and E Falls
  • Neighborhood: San Diego State
  • LP / Sq Ft: 549.3
  • Miscellaneous: Value in Land
  • Price Per Sq Ft: 549.3
  • SP/ Sq Ft: 549.3
  • Stories: 1 Story
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 1970
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment Available: Garage Door Opener, Microwave, Washer, Gas & Electric Range, Gas Oven, Gas Stove, Gas Range
  • Fireplaces: 1
  • Fireplace: Fp In Living Room
  • Searchable Rooms: Dining Area, Family Room, Master Bdrm 2
  • Total Bedrooms: 8
  • Bedrooms: 8
  • Master Bedroom Dimensions: 12x10
  • Full Bathrooms: 4
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 2485
  • Total Bathrooms: 4

Exterior Features

  • Exterior Material: Stucco, Wood/Stucco
  • Fencing: Gate, Fair Condition, Wood
  • Patio: Slab
  • Roof: Flat, Shingle

Garage/Parking

  • Non Garage Parking: Driveway, Street
  • Garage Spaces: 3
  • Parking Spaces Total: 3

Utilities

  • Cooling: Attic Fan
  • Laundry Utilities: Gas & Electric Dryer HU
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Fireplace
  • Heating Fuel: Natural Gas

Condo/Co-op/Association

  • Community: SAN DIEGO
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 467-042-01-00
  • Estimated Lot Sq Ft: 6000
  • Estimated Number of Acres: 0.14
  • Map Code Column: C
  • Map Code Page: 1270
  • Map Code Row: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2021
Closed on
May 15, 2021
Sold by
Rf Props Llc
Bought by
Kasulu Llc
Seller's Agent
Alexio Barbara
Bridgepoint Realty Inc
Buyer's Agent
Vani Bobba
Vani Bobba, Broker
List Price
$1,399,000
Sold Price
$1,365,000
Premium/Discount to List
-$34,000
-2.43%
Current Estimated Value
$1,760,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,148
Avg. Annual Appreciation
5.88%
Original Mortgage
$980,000
Outstanding Balance
$886,736
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$873,412

Purchase Details

Listed on
Apr 4, 2021
Closed on
Apr 8, 2021
Sold by
Reuter Garrett
Bought by
Rf Props Llc
Seller's Agent
Alexio Barbara
Bridgepoint Realty Inc
Buyer's Agent
Vani Bobba
Vani Bobba, Broker
List Price
$1,399,000
Sold Price
$1,365,000
Premium/Discount to List
-$34,000
-2.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Outstanding Balance
$886,736
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$873,412

Purchase Details

Closed on
Feb 1, 2016
Sold by
Childers Nancy S
Bought by
Reuter Garrett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
3.92%
Mortgage Type
New Conventional
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
Kasulu Llc $1,365,000 Ticor Title Sd Branch
Rf Props Llc -- Ticor Title Sd Branch
Reuter Garrett $525,000 Chicago Title Company Sd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kasulu Llc $980,000
Previous Owner Reuter Garrett $393,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2021 05/17/21 Sold $1,365,000 -2.4% $549 / Sq Ft
04/08/2021 04/08/21 Pending -- -- --
04/04/2021 04/04/21 For Sale $1,399,000 -- $563 / 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 $18,030 $1,493,754 $1,190,674 $303,080
2024 $18,030 $1,464,466 $1,167,328 $297,138
2023 $17,623 $1,435,752 $1,144,440 $291,312
2022 $17,154 $659,671 $410,117 $249,554
2021 $8,161 $659,671 $410,117 $249,554
2020 $8,062 $652,908 $405,912 $246,996
2019 $7,448 $601,871 $397,953 $203,918
2018 $6,963 $590,070 $390,150 $199,920
2017 $6,798 $578,500 $382,500 $196,000
2016 $985 $88,361 $29,449 $58,912
2015 $970 $87,035 $29,007 $58,028
2014 $954 $85,331 $28,439 $56,892
Source: Public Records

Agents Affiliated with this Home

  • Alexio Barbara

    Seller's Agent in 2021

    Alexio Barbara

    Bridgepoint Realty Inc

    (760) 419-1343

    12 in this area

    50 Total Sales

    Alexio Barbara
    Section Image
  • Adrian Gonzalez

    Seller Co-Listing Agent in 2021

    Adrian Gonzalez

    Bridgepoint Realty Inc

    (858) 735-9977

    12 in this area

    42 Total Sales

    Adrian Gonzalez
    Section Image
  • Vani Bobba

    Buyer's Agent in 2021

    Vani Bobba

    Vani Bobba, Broker

    (858) 602-6775

    5 in this area

    125 Total Sales

    Vani Bobba
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210008669

San Diego MLS

APN: 467-042-01

California San Diego County San Diego 92115 College East

5211 E Falls View Dr, San Diego, CA

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