NOT LISTED FOR SALE

550 Faith Ave Cardiff By the Sea, CA 92007

Cardiff-by-the-Sea Neighborhood

Estimated Value: $1,042,000 - $1,471,831

3 Beds
1 Bath
1,258 Sq Ft
$967/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $1,000,000 $795 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $7,363/month

33 Days on Market

Highlights

  • No HOA
  • Cul-De-Sac
  • Laundry Room
  • Ada W. Harris Elementary Rated A
  • Living Room
  • Wood Burning Fireplace

About This Home

As of November 2023

-MEGA SALE- MAJOR PRICE REDUCTION-

NO WHOLESALERS OR WHOLESALE AGENTS WILL BE CONSIDERED-

First time on the market in over 30 years!! This 3 bedroom, 1 bath, 1,258 square foot home sits on approximately 0.25 acres-- just a little over 2 miles from the coast in a quaint cul de sac neighborhood. The property does need some TLC and is being sold as is, no repairs will be made. An amazing opportunity for a developer or remodel the home of your dreams! The possibilities on this property are endless!

Last Agent to Sell the Property

Carla Sevilla

Keller Williams South Bay License #02070026 Listed on: 09/20/2023

Keller Williams South Bay

Last Buyer's Agent

Sandy Miller

License #01257850

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • 0.25 Acre Lot
  • Cul-De-Sac

Home Design

  • Entry on the 1st floor
  • Wood Roof

Interior Spaces

  • 1,258 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Community Details

  • No Home Owners Association
  • Cardiff By The Sea Subdivision

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 3575
  • Assessor Parcel Number 2601211300
  • $790 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Cardiff By The Sea
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2601211300
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1258.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Wood Burning
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 794.91
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Wood

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 10900.00
  • Lot Size Acres: 0.2502

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10900.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 174.05
  • Tax Lot: 13
  • Tax Tract Number: 3575
  • TaxOtherAnnualAssessmentAmount: 790.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2023
Closed on
Oct 31, 2023
Sold by
Franich David M and Franich Kathleen
Bought by
Gonzalez Daniel and Bowman Lindsay
Seller's Agent
Carla Sevilla
Keller Williams South Bay
Buyer's Agent
Sandy Miller
List Price
$1,194,000
Sold Price
$1,000,000
Premium/Discount to List
-$194,000
-16.25%
Views
157
Current Estimated Value
$1,215,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,958
Avg. Annual Appreciation
9.96%
Original Mortgage
$900,000
Outstanding Balance
$884,270
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$331,688

Purchase Details

Listed on
Sep 20, 2023
Closed on
Oct 4, 2023
Sold by
Franich Michael
Bought by
Franich Kathleen
Seller's Agent
Carla Sevilla
Keller Williams South Bay
Buyer's Agent
Sandy Miller
List Price
$1,194,000
Sold Price
$1,000,000
Premium/Discount to List
-$194,000
-16.25%
Views
157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$884,270
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$331,688

Purchase Details

Closed on
Jun 2, 2023
Sold by
Matt Franich Enterprises Trust
Bought by
Franich David

Purchase Details

Closed on
Dec 22, 1999
Sold by
Franich Patricia Ann
Bought by
Franich Patricia Ann and Matt Franich Enterprises Trust

Purchase Details

Closed on
Apr 28, 1999
Sold by
Michael Franich
Bought by
Franich Patricia Ann

Purchase Details

Closed on
Mar 3, 1994
Sold by
Franich Matthew and Franich Patricia
Bought by
Franich Michael and Franich Kathleen

Purchase Details

Closed on
Oct 22, 1993
Sold by
Franich Mary Kristen
Bought by
Franich Matthew and Franich Patricia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Gonzalez Daniel $1,000,000 Fidelity National Title Compan
Franich Kathleen -- Fidelity National Title Compan
Franich David -- None Listed On Document
Franich Patricia Ann -- --
Franich Patricia Ann -- --
Franich Michael -- --
Franich Matthew -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Daniel $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2023 11/15/23 Sold $1,000,000 +0.2% $795 / Sq Ft
10/24/2023 10/24/23 Pending -- -- --
10/09/2023 10/09/23 Price Changed $998,000 -4.9% $793 / Sq Ft
10/06/2023 10/06/23 Price Changed $1,049,000 -4.1% $834 / Sq Ft
09/22/2023 09/22/23 Price Changed $1,094,000 -8.4% $870 / Sq Ft
09/20/2023 09/20/23 For Sale $1,194,000 -- $949 / 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 $11,595 $1,020,000 $969,000 $51,000
2024 $11,595 $1,000,000 $950,000 $50,000
2023 $8,660 $730,833 $655,085 $75,748
2022 $1,344 $50,658 $19,777 $30,881
2021 $1,329 $49,666 $19,390 $30,276
2020 $1,214 $49,158 $19,192 $29,966
2019 $1,203 $48,195 $18,816 $29,379
2018 $1,164 $47,251 $18,448 $28,803
2017 $1,146 $46,326 $18,087 $28,239
2016 $1,096 $45,419 $17,733 $27,686
2015 $1,155 $44,738 $17,467 $27,271
2014 $1,124 $43,862 $17,125 $26,737
Source: Public Records

Agents Affiliated with this Home

  • Carla Sevilla

    Seller's Agent in 2023

    Carla Sevilla

    Keller Williams South Bay

    (310) 922-8239

    1 in this area

    11 Total Sales

    Carla Sevilla
    Section Image

  • S

    Buyer's Agent in 2023

    Sandy Miller

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23171088

California Regional Multiple Listing Service (CRMLS)

APN: 260-121-13

California San Diego County Encinitas 92007 Cardiff-by-the-Sea

550 Faith Ave, Encinitas, CA

Not Listed for Sale

Detached

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