NOT LISTED FOR SALE

5935 Folsom Dr La Jolla, CA 92037

Upper Hermosa Neighborhood

Estimated Value: $6,211,000 - $7,256,000

6 Beds
8 Baths
4,299 Sq Ft
$1,552/Sq Ft Est. Value

Last Sold December 08, 2021

Last sale price $4,985,000 $1,160 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $39,963/month

15 Days on Market

Highlights

  • Ocean View
  • Under Construction
  • Updated Kitchen
  • Bird Rock Elementary School Rated A
  • All Bedrooms Downstairs
  • Open Floorplan

About This Home

As of December 2021

Archbel Builders presents this gorgeous modern masterpiece in the charming Upper Hermosa neighborhood of La Jolla. Construction is almost complete (end of June). This Golba Architecture design features ocean views from every level of this 3 story home & expansive rooftop deck. Thermador appliances, custom built cabinets/closets and luxury finishes throughout. Available to show NOW. Design details available upon request. New Construction (Rebuild with Coastal Exemption). Design finishes to include; Chamonix Oak flooring throughout, marble countertops & sinks in all bathrooms, Italian made porcelain and marble bathroom tiling, & Hansgrohe plumbing fixtures. Recessed lighting in all bedrooms, hallways, and balconies. Matte black wrought iron windows and doors with low-e dual pane glass, smooth level-5 drywall finish with soft/matte white painted finish, Santa Barbra Stucco exterior finish, wood siding on balcony ceilings & entrance. Thermador kitchen appliances, custom built cabinetry and closets, & entertainment roof top deck with fire pit.

Last Agent to Sell the Property

Shannon Mahoney

Berkshire Hathaway HomeServices California Properties License #01961135 Listed on: 06/16/2021

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Bette Meyer

Inactive Office C&C2 License #00581907

Inactive Office C&C2

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2021 | Under Construction

Lot Details

  • 0.26 Acre Lot
  • Steep Slope

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Modern Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 4,299 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Wet Bar
  • Dual Staircase
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Formal Entry
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Dining Area
  • Bonus Room
  • Game Room
  • Ocean Views
  • Basement

Kitchen

  • Updated Kitchen
  • Six Burner Stove
  • Built-In Range
  • Kitchen Island
  • Stone Countertops

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Retreat
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Low Flow Toliet
  • Bathtub
  • Shower Only

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Accessible Home Design

  • Halls are 48 inches wide or more
  • More Than Two Accessible Exits

Outdoor Features

  • Living Room Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 357-251-03-00

Home Details

Home Type

Single Family

Year Built

Built in 2021 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Architectural Style: Modern
  • Residential Styles: Detached
  • Property Condition: Building Permit, New Construction, Under Construction
  • Market Area: Coastal South
  • Cross Street: La Canada, Camino De La Costa
  • Neighborhood: Upper Hermosa
  • Supplement: New Construction (Rebuild with Coastal Exemption). Design finishes to include; Chamonix Oak flooring throughout, marble countertops & sinks in all bathrooms, Italian made porcelain and marble bathroom tiling, & Hansgrohe plumbing fixtures. Recessed lighting in all bedrooms, hallways, and balconies. Matte black wrought iron windows and doors with low-e dual pane glass, smooth level-5 drywall finish with soft/matte white painted finish, Santa Barbra Stucco exterior finish, wood siding on balcony ceilings & entrance. Thermador kitchen appliances, custom built cabinetry and closets, & entertainment roof top deck with fire pit.
  • LP / Sq Ft: 1151.43
  • Miscellaneous: Elevators/Stairclimber
  • Price Per Sq Ft: 1159.57
  • SP/ Sq Ft: 1159.57
  • Stories: 3 Story
  • Accessibility Features: 2+ Access Exits, 48 Inch+ Wide Halls
  • Total Stories: 3
  • Year Built: 2021
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: 2 Staircases, Balcony, Bathtub, Built-Ins, Ceiling Fan, Kitchen Island, Living Room Balcony, Living Room Deck Attached, Low Flow Toilet(s), Open Floor Plan, Pantry, Recessed Lighting, Remodeled Kitchen, Shower, Stone Counters, Wet Bar, Kitchen Open To Family Rm
  • Flooring: Stone, Tile, Wood
  • Sub Flooring: Slab on Grade
  • Equipment Available: 6 Burner Stove, Built In Range
  • Elevator: Yes
  • Searchable Rooms: Basement, Bedroom Entry Level, Bonus Room, Dining Area, Family Room, Formal Entry, Great Room, Master Retreat, Optional Bedrooms, Game Room, Living Room, Master Bedroom, All Bedrooms Down, All Bedrooms Up, Entry, Laundry, Master Bathroom, Walk-In Closet
  • Total Bedrooms: 6
  • Bedrooms: 6
  • Master Bedroom Dimensions: 15x14
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 4299
  • Total Bathrooms: 8

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Gas
  • Water: Meter on Property
  • Water Heater Type: Tankless
  • Heating: Fireplace, Forced Air Unit
  • Heating Fuel: Natural Gas

Condo/Co-op/Association

  • Community: LA JOLLA

Lot Info

  • Lot Size: .25 to .5 AC
  • Topography: Slope Steep
  • Assessor Parcel Number: 357-251-03-00
  • Estimated Lot Sq Ft: 11400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2023
Sold by
Yao Zhengbin
Bought by
Maks Yao Trust and Lachapelle
Current Estimated Value
$6,672,924

Purchase Details

Listed on
Jun 16, 2021
Closed on
Dec 2, 2021
Sold by
Ma Xing
Bought by
Yao Zhengbin
Seller's Agent
Shannon Mahoney
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Bette Meyer
Inactive Office C&C2
List Price
$4,950,000
Sold Price
$4,985,000
Premium/Discount to List
$35,000
0.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%

Purchase Details

Closed on
Jul 22, 2021
Sold by
Folsom Investment Group Llc
Bought by
Yao Zhengbin

Purchase Details

Closed on
Mar 31, 2021
Sold by
Folsom Investment Group Llc
Bought by
Folsom Investment Group Llc

Purchase Details

Closed on
Mar 8, 2019
Sold by
Lockwood Victor W and Lockwood Onda I
Bought by
7432 7434 Fay Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,420,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2017
Sold by
Lockwood Victor W and Lockwood Onda I
Bought by
Lockwood Victor W and Lockwood Onda I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
3.83%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 27, 2017
Sold by
Lockwood Ii Wallace V and Lockwood Amy E
Bought by
Lockwood Victor W and Lockwood Onda I

Purchase Details

Closed on
May 23, 2007
Sold by
Lockwood Wallace Victor and Lockwood Amy Elizabeth Jagger
Bought by
Lockwood Ii Wallace Victor and Lockwood Amy Elizabeth Jagger

Purchase Details

Closed on
Apr 18, 2005
Sold by
Lockwood Victor W and Lockwood Onda I
Bought by
Lockwood Victor W and Lockwood Onda I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2004
Sold by
Lockwood Victor Wallace
Bought by
Lockwood Victor W and Lockwood Onda I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2000
Sold by
Lockwood Victor W and Lockwood Onda
Bought by
Lockwood Victor Wallace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
8.24%
Mortgage Type
Stand Alone First
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
Maks Yao Trust -- None Listed On Document
Yao Zhengbin -- California Title Company
Yao Zhengbin $4,985,000 California Title Company
Folsom Investment Group Llc -- Accommodation
7432 7434 Fay Llc $1,900,000 Lawyers Title Company
Lockwood Victor W -- Western Resources Title Co
Lockwood Victor W -- None Available
Lockwood Ii Wallace Victor -- None Available
Lockwood Victor W -- Equity Title Company
Lockwood Victor W -- Equity Title Company
Lockwood Victor W -- United Title
Lockwood Victor Wallace -- Commonwealth Land Title Co
Lockwood Victor W -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 7432 7434 Fay Llc $2,420,000
Previous Owner Lockwood Victor W $475,000
Previous Owner Lockwood Victor W $999,999
Previous Owner Lockwood Victor W $100,000
Previous Owner Lockwood Victor W $412,500
Closed Lockwood Victor W $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2021 12/08/21 Sold $4,985,000 +0.7% $1,160 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $4,950,000 -- $1,151 / Sq Ft
Source: San Diego MLS

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 $63,726 $5,290,121 $3,724,840 $1,565,281
2024 $63,726 $5,186,394 $3,651,804 $1,534,590
2023 $62,326 $5,084,700 $3,580,200 $1,504,500
2022 $60,668 $4,985,000 $3,510,000 $1,475,000
2021 $33,340 $2,703,076 $1,700,435 $1,002,641
2020 $23,867 $1,938,000 $1,683,000 $255,000
2019 $2,035 $162,540 $71,223 $91,317
2018 $1,904 $159,354 $69,827 $89,527
2017 $80 $156,230 $68,458 $87,772
2016 $1,828 $153,167 $67,116 $86,051
2015 $1,802 $150,867 $66,108 $84,759
2014 $1,774 $147,913 $64,814 $83,099
Source: Public Records

Agents Affiliated with this Home

  • Shannon Mahoney

    Seller's Agent in 2021

    Shannon Mahoney

    Berkshire Hathaway HomeServices California Properties

    (858) 414-6305

    1 in this area

    44 Total Sales

    Shannon Mahoney
    Section Image

  • B

    Buyer's Agent in 2021

    Bette Meyer

    Inactive Office C&C2

    Section Image
  • Paris Mohager

    Buyer's Agent in 2021

    Paris Mohager

    TXR Homes

    (858) 382-7253

    1 in this area

    25 Total Sales

    Paris Mohager
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210016655

San Diego MLS

APN: 357-251-03

California San Diego County La Jolla 92037 Upper Hermosa

5935 Folsom Dr, La Jolla, CA

Not Listed for Sale

Detached

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