NOT LISTED FOR SALE

694 Ocean Ln Imperial Beach, CA 91932

Estimated Value: $1,073,000 - $2,317,000

3 Beds
3 Baths
1,848 Sq Ft
$750/mo HOA Fee

Last Sold July 07, 2023

Last sale price $2,120,000 $1,147 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $13,093/month

27 Days on Market

Highlights

  • Gated Parking
  • Fireplace
  • Level Lot
  • 2 Car Direct Access Garage
  • Laundry Room
  • 4-minute walk to Dunes Park

About This Home

As of July 2023

Stunning Ocean Front unit right in the heart of Imperial Beach! This single level 3 Bedroom/3 Bath home has incredible views from both the living area and the Master Bedroom - which is extremely rare. Whether this is a vacation home for yourself and your family or your primary residence, many salty memories will be made here! Walking distance to all the fun new breweries, restaurants & shops that IB has to offer. Parking for 2 cars with storage space for bikes, surfboards, paddle boards, strollers..etc. Unit has private & direct elevator access down to garage. This unit is situated in the most perfect spot since it's in proximity to all the local fun, but nestled away in a perfect & quiet location right on the beach.

Last Agent to Sell the Property

Laura Bentley

Big Block Realty, Inc. License #02006945 Listed on: 04/11/2023

Big Block Realty, Inc.

Last Buyer's Agent

Tyler Mathews

Pacific Sotheby's International Realty License #01997577

Pacific Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,758

Year Built

  • Built in 2006

Lot Details

  • 7,492

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Gated Parking

Home Design

  • Tar and Gravel Roof
  • Stucco Exterior

Interior Spaces

  • 1,848 Sq Ft Home
  • 3-Story Property
  • Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 6250113301

Community Details

Overview

  • Association fees include common area maintenance, exterior (landscaping), exterior bldg maintenance
  • 4 Units
  • Wavecrest Association
  • Wavecrest Community

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,758

Year Built

Built in 2006

Lot Details

0

HOA Fees

$750 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Attached
  • Residential Styles: All Other Attached
  • Market Area: South Bay
  • Cross Street: Seacoast
  • Neighborhood: Imperial Beach
  • LP / Sq Ft: 1298.16
  • Price Per Sq Ft: 1147.19
  • SP/ Sq Ft: 1147.19
  • Stories: 1 Story
  • Stories In Building: 3
  • Ownership: Condominium
  • Total Stories: 1
  • Year Built: 2006
  • A D U Yes No: No
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Searchable Rooms: Master Bathroom
  • Total Bedrooms: 3
  • Bedrooms: 3
  • Master Bedroom Dimensions: 15x14
  • Full Bathrooms: 3
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 1848
  • Total Bathrooms: 3

Exterior Features

  • Exterior Material: Stucco
  • Roof: Rock/Gravel

Garage/Parking

  • Garage Details: Assigned, Attached, Gated, Community Garage, Direct Garage Access
  • Garage Spaces: 2
  • Parking Spaces Total: 2

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Gas
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Fireplace, Forced Air Unit
  • Heating Fuel: Natural Gas

Condo/Co-op/Association

  • Complex Name: Wavecrest
  • Total Fees: 9000.0
  • Pets Allowed: Allowed w/Restrictions
  • Units In Building: 4
  • Total Number of Units: 4
  • Community: IMPERIAL BEACH
  • Home Owner Association: Wavecrest
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior (Landscaping), Exterior Bldg Maintenance
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 750.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: Owner

Association/Amenities

  • Entry Level Unit: 1

Fee Information

  • Total Monthly Fees: 750

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Topography: Level
  • Assessor Parcel Number: 6250113301

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2019
Closed on
Jul 11, 2019
Sold by
Montalbano David R
Bought by
Burns James A and Burns Lynn B
Seller's Agent
Mary Morgan
Owen Properties
Buyer's Agent
Laura Bentley
Big Block Realty, Inc.
List Price
$1,298,000
Sold Price
$1,300,000
Premium/Discount to List
$2,000
0.15%
Current Estimated Value
$1,890,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$590,290
Avg. Annual Appreciation
6.37%
Original Mortgage
$480,000
Outstanding Balance
$316,891
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$1,573,399

Purchase Details

Closed on
Aug 15, 2013
Sold by
Montalbano David R
Bought by
Montalbano David R

Purchase Details

Closed on
Nov 17, 2011
Sold by
Deutsche Bank Trust Company Americas
Bought by
Montalbano David R

Purchase Details

Closed on
Oct 13, 2011
Sold by
Lawera Michael and Lawera Diane F
Bought by
Deutsche Bank Trust Company Americas

Purchase Details

Closed on
Apr 4, 2006
Sold by
690 Ocean Llc
Bought by
Lawera Michael and Lawera Diane F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$924,000
Interest Rate
6.75%
Mortgage Type
Unknown
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
Burns James A $1,300,000 Fidelity National Title
Montalbano David R -- None Available
Montalbano David R -- None Available
Montalbano David R $760,000 Chicago Title
Deutsche Bank Trust Company Americas $611,600 Accommodation
Lawera Michael $1,320,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burns James A $480,000
Previous Owner Lawera Michael $924,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2023 07/07/23 Sold $2,120,000 -11.6% $1,147 / Sq Ft
05/09/2023 05/09/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $2,399,000 +84.5% $1,298 / Sq Ft
08/12/2019 08/12/19 Sold $1,300,000 +0.2% $703 / Sq Ft
07/08/2019 07/08/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $1,298,000 -- $702 / 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 $24,758 $2,162,400 $1,530,000 $632,400
2024 $24,758 $2,120,000 $1,500,000 $620,000
2023 $16,372 $1,366,529 $904,012 $462,517
2022 $16,031 $1,339,736 $886,287 $453,449
2021 $15,539 $1,313,467 $868,909 $444,558
2020 $15,180 $1,300,000 $860,000 $440,000
2019 $10,174 $850,754 $448,355 $402,399
2018 $9,951 $834,073 $439,564 $394,509
2017 $140 $817,720 $430,946 $386,774
2016 $9,409 $801,688 $422,497 $379,191
2015 $9,356 $789,647 $416,151 $373,496
2014 $9,250 $774,180 $408,000 $366,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230006564

San Diego MLS

APN: 625-011-33-01