NOT LISTED FOR SALE

Estimated Value: $2,003,000 - $2,381,000

2 Beds
2 Baths
1,040 Sq Ft
$2,108/Sq Ft Est. Value

Last Sold January 06, 2017

Last sale price $960,000 $923 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $13,801/month

1 Day on Market

Highlights

  • Ocean View
  • Partially Fenced Property
  • Wood Siding
  • Pacific Beach Elementary School Rated A-
  • Level Lot
  • 4-minute walk to Mission Beach Pocket Park

About This Home

As of January 2017

Great opportunity to own a Mission Beach duplex just steps to the ocean with rare off-street parking for both units! Two 1 bed, 1 bath units configured top & bottom. Separate parking for each home as property features 1 car garage + 2 car tandem driveway. Good condition & well maintained & restored by passionate owner to reflect its original time. A very small peak of the ocean is seen from the upstairs unit. Original hardwood floors throughout most of each home. These opportunities do not last!

Last Agent to Sell the Property

Steve Cairncross

Berkshire Hathaway HomeServices California Properties License #00859218 Listed on: 12/02/2016

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Patrick Cairncross

Berkshire Hathaway HomeServices California Properties License #01984531

Last Buyer's Agent

William Rowling

Rowling Real Estate License #00800477

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,512

Year Built

  • Built in 1942

Lot Details

  • 2,317 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Property Views

  • Ocean
  • City Lights

Home Design

  • Composition Roof
  • Wood Siding

Additional Features

  • 2-Story Property
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 423-664-02-00

Community Details

Overview

  • 2 Units
  • 721 Island Ct Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,512

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Strandway
  • Neighborhood: Mission Beach
  • Stories: 2 Story
  • Sale Price List Price: 0.91
  • Total Stories: 2
  • Year Built: 1942
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Partial
  • Roof: Composition
  • View: Evening Lights, Ocean

Condo/Co-op/Association

  • Complex Name: 721 Island Ct
  • Pets Allowed: Yes
  • Community: PACIFIC BEACH

Lot Info

  • Lot Size: 1-3,999 SF
  • Topography: Level
  • Assessor Parcel Number: 423-664-02-00
  • Land Use Code: R4
  • Estimated Lot Sq Ft: 2317

Multi Family

  • No. of Units: 2
  • Gross Sched Income Projected: 33480
  • Number Of Buildings: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2019
Sold by
721 Island Court Llc
Bought by
721 Island Court Llc
Total Days on Market
1
Current Estimated Value
$2,192,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,420,000
Outstanding Balance
$1,263,502
Interest Rate
3.75%
Mortgage Type
Construction
Estimated Equity
$928,498

Purchase Details

Listed on
Dec 2, 2016
Closed on
Jan 4, 2017
Sold by
Cairncross Steven E and Cairncross Lori E
Bought by
721 Island Court Llc
Seller's Agent
Steve Cairncross
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
William Rowling
Rowling Real Estate
List Price
$1,050,000
Sold Price
$960,000
Premium/Discount to List
-$90,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.28%
Original Mortgage
$500,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2016
Sold by
Thomson Frank W
Bought by
Cairncross Steven E and Cairncross Lori E

Purchase Details

Closed on
Feb 10, 1998
Sold by
Mcmahon Earl J and Mcmahon Joan A
Bought by
Thomson Frank W

Purchase Details

Closed on
Feb 10, 1983
Source: Public Records

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Range of Values:

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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
721 Island Court Llc -- First American Title Company
721 Island Court Llc $960,000 Chicago Title Company
Cairncross Steven E $800,000 Chicago Title Company Sd
Thomson Frank W $281,000 Chicago Title Co
-- $132,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 721 Island Court Llc $1,420,000
Closed 721 Island Court Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2017 01/06/17 Sold $960,000 -8.6% $923 / Sq Ft
12/02/2016 12/02/16 Pending -- -- --
12/01/2016 12/01/16 For Sale $1,050,000 -- $1,010 / 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
2024 $18,512 $1,501,173 $1,024,044 $477,129
2023 $18,101 $1,471,739 $1,003,965 $467,774
2022 $17,618 $1,442,882 $984,280 $458,602
2021 $17,482 $1,414,591 $964,981 $449,610
2020 $12,578 $1,018,759 $955,087 $63,672
2019 $12,354 $998,784 $936,360 $62,424
2018 $11,551 $979,200 $918,000 $61,200
2017 $11,288 $960,000 $900,000 $60,000
2016 $4,584 $392,499 $337,207 $55,292
2015 $4,516 $386,604 $332,142 $54,462
2014 $4,438 $379,032 $325,636 $53,396
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 160063392

San Diego MLS

APN: 423-664-02