NOT LISTED FOR SALE

Estimated Value: $818,263 - $968,000

4 Beds
2 Baths
1,400 Sq Ft
$653/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $577,000 $412 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,666/month

3 Days on Market

Highlights

  • Property is Fully Fenced
  • Level Lot
  • 4-minute walk to Northmont Park
  • Grossmont High School Rated A
  • 1-Story Property

About This Home

As of July 2019

Interior pics coming soon. Live in one side and rent out the other! The kitchens and baths have been updated, in-unit stacked washer/dryer, mini split system in 6043, new garage door and more! Units share a 2-car garage with additional parking and each have their own large private backyards. Convenient to the trolley, schools, parks, shopping and freeways. Why pay rent?

Last Agent to Sell the Property

Donna Dupont

Coldwell Banker Realty License #01927607 Listed on: 06/08/2019

Coldwell Banker Realty

Co-Listed By

Alan Quade

Coldwell Banker Realty License #01927605

Last Buyer's Agent

Darin Diaz

Darin M Diaz, Broker License #01764200

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,253

Year Built

  • Built in 1953

Lot Details

  • 6,159 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System

Listing and Financial Details

  • Tenant pays for trash, water, electricity
  • Assessor Parcel Number 486-342-02-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Net Operating Income $21,022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,253

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Earl Street
  • Neighborhood: La Mesa
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1953
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full

Utilities

  • Cooling: Wall/Window
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: LA MESA

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level, Slope Gentle
  • Zoning: R-2
  • Assessor Parcel Number: 486-342-02-00
  • Estimated Lot Sq Ft: 6159

Rental Info

  • Tenant Pays: Trash, Water, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 21022
  • Annual Expense Actual: 4238
  • Gross Rent Multiplier Actual: 12.5
  • Gross Rent Multiplier Projected: 12.5
  • Gross Sched Income Actual: 31200
  • Gross Sched Income Projected: 43200
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2023
Sold by
Shah Mita and Shah Justin
Bought by
Mcglathery-Shah Family Trust
Current Estimated Value
$913,566

Purchase Details

Closed on
Dec 14, 2020
Sold by
Shah Mita M
Bought by
Shah Mita and Mcglathery Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 8, 2019
Closed on
Jun 21, 2019
Sold by
Wegner Wayne F and Wegner Jayne R
Bought by
Shah Mita
Seller's Agent
Donna Dupont
Coldwell Banker Realty
Buyer's Agent
Darin Diaz
Darin M Diaz, Broker
List Price
$575,000
Sold Price
$577,000
Premium/Discount to List
$2,000
0.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%
Original Mortgage
$461,600
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 2, 2014
Sold by
Wegner Wayne F and Wegner Jayne R
Bought by
Wayne F Wegner & Jayne R Wegner Living T

Purchase Details

Closed on
Dec 30, 2013
Sold by
Carter Brad Louis and Carter Tammy Lynn
Bought by
Wegner Wayne F and Wegner Jayne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,887
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2002
Sold by
Carter Wade Preston and Braudaway Sharon
Bought by
Carter Brad Louis and Carter Tammy Lynn

Purchase Details

Closed on
Dec 2, 1993
Sold by
Braudaway Sharon A
Bought by
Braudaway Sharon

Purchase Details

Closed on
Dec 3, 1986
Source: Public Records

Range of Values:

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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
Mcglathery-Shah Family Trust -- None Listed On Document
Shah Mita -- Chicago Title Co Sd
Shah Mita $577,000 Equity Title San Diego
Wayne F Wegner & Jayne R Wegner Living T -- None Available
Wegner Wayne F $390,000 Fidelity National Title Co
Carter Brad Louis -- --
Braudaway Sharon -- --
-- $93,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shah Mita $455,000
Previous Owner Shah Mita $461,600
Previous Owner Wegner Wayne F $218,887
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2019 07/12/19 Sold $577,000 +0.3% $412 / Sq Ft
06/12/2019 06/12/19 Pending -- -- --
06/08/2019 06/08/19 For Sale $575,000 -- $411 / 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 $8,253 $631,029 $301,786 $329,243
2024 $8,253 $618,657 $295,869 $322,788
2023 $8,031 $594,635 $284,381 $310,254
2022 $7,922 $594,635 $284,381 $310,254
2021 $7,761 $582,976 $278,805 $304,171
2020 $7,521 $577,000 $275,947 $301,053
2019 $5,753 $428,463 $204,910 $223,553
2018 $5,567 $420,063 $200,893 $219,170
2017 $5,443 $411,827 $196,954 $214,873
2016 $5,211 $403,753 $193,093 $210,660
2015 $5,137 $397,689 $190,193 $207,496
2014 $2,161 $148,089 $70,823 $77,266
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 190031712

San Diego MLS

APN: 486-342-02