NOT LISTED FOR SALE

7221 Fay Ave La Jolla, CA 92037

Estimated Value: $2,978,000 - $3,346,000

4 Beds
4 Baths
2,775 Sq Ft
$1,144/Sq Ft Est. Value

Last Sold June 01, 2018

Last sale price $2,275,000 $820 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $19,895/month

56 Days on Market

Highlights

  • Main Floor Bedroom
  • Bonus Room
  • 2 Car Direct Access Garage
  • La Jolla Elementary School Rated A
  • Home Office
  • Laundry Room

About This Home

As of June 2018

One of only three elegant and beautifully appointed mini-estates in the Village. Views.Views.Views. The home is tucked away and is surrounded by an outdoor tropical paradise with a garden area perfect for entertaining and relaxing in a zen-like environment. The upgrades are befitting royalty and are designed with modernity amidst soft palettes. This home offers 4 alternate bedroom spaces with three baths and a reverse floor plan. There are two decks, one with panoramic ocean views.

Last Agent to Sell the Property

Dona Aumann

Berkshire Hathaway HomeServices California Properties License #01898410 Listed on: 03/01/2018

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Donald Aumann

Berkshire Hathaway HomeServices California Properties License #01926535

Last Buyer's Agent

Jamaica Grace

Berkshire Hathaway HomeServices California Properties License #01339956

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,197

Year Built

  • Built in 2018

Lot Details

  • 4,250 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener
  • Driveway with Pavers

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,775 Sq Ft Home
  • 3-Story Property
  • Family Room
  • Dining Area
  • Home Office
  • Bonus Room
  • Fire Sprinkler System

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 351-174-06-04

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,197

Year Built

Built in 2018

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: Coastal South
  • Cross Street: Genter St
  • Neighborhood: Village of La Jolla
  • LP / Sq Ft: 896.9
  • Price Per Sq Ft: 819.82
  • SP/ Sq Ft: 819.82
  • Stories: 3 Story
  • Ownership: Fee Simple
  • Total Stories: 3
  • Year Built: 2018
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment Available: Dishwasher, Fire Sprinklers, Range/Oven, Refrigerator
  • Searchable Rooms: Bedroom Entry Level, Bonus Room, Dining Area, Family Room, Office, Optional Bedrooms, Master Bedroom, Master Bathroom
  • Total Bedrooms: 4
  • Bedrooms: 3
  • Master Bedroom Dimensions: 17x14
  • Optional Bedrooms: 1
  • Full Bathrooms: 4
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 2775
  • Total Bathrooms: 4

Exterior Features

  • Exterior Material: Vinyl Siding
  • Fencing: Partial
  • Roof: Shingle

Garage/Parking

  • Garage Details: Direct Garage Access, Garage Door Opener
  • Garage Spaces: 2
  • Non Garage Parking: Driveway - Pavers
  • Garage Spaces: 1
  • Parking Spaces Total: 3

Utilities

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

Condo/Co-op/Association

  • Community: LA JOLLA

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Assessor Parcel Number: 351-174-06-04
  • Estimated Lot Sq Ft: 4250

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2024
Sold by
Erickson Ronald C and Erickson Martha J
Bought by
Martha J Erickson Revocable Trust and Erickson
Total Days on Market
56
Current Estimated Value
$3,174,088

Purchase Details

Listed on
Mar 1, 2018
Closed on
May 21, 2018
Sold by
Macleod Kyle R and Macleod Erin C
Bought by
Erickson Ronald C and Erickson Martha J
Seller's Agent
Dona Aumann
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Jamaica Grace
Berkshire Hathaway HomeServices California Properties
List Price
$2,488,888
Sold Price
$2,275,000
Premium/Discount to List
-$213,888
-8.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.70%
Original Mortgage
$1,000,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 1, 2018
Closed on
May 14, 2018
Sold by
Macleod Kenneth and Macleod Janice
Bought by
Macleod Kyle R and Macleod Erin C
Seller's Agent
Dona Aumann
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Jamaica Grace
Berkshire Hathaway HomeServices California Properties
List Price
$2,488,888
Sold Price
$2,275,000
Premium/Discount to List
-$213,888
-8.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2016
Sold by
Dettmer Hadley
Bought by
Macleod Kenneth and Macleod Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2016
Sold by
Busby James Steele
Bought by
Busby Katherine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2000
Sold by
Mann Katherine B and Mann Katherine B
Bought by
Busby Katherine B

Purchase Details

Closed on
Jan 27, 1999
Sold by
Anderson Gerald R
Bought by
Mann Katherine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.73%

Purchase Details

Closed on
Jul 24, 1998
Sold by
King Stephen R and King Linda M
Bought by
Anderson Gerald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.01%

Purchase Details

Closed on
Dec 16, 1997
Sold by
Mcfalls Richard W
Bought by
King Stephen R and King Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.22%

Purchase Details

Closed on
May 4, 1994
Sold by
Saben Investments
Bought by
King Stephen R and King Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,700
Interest Rate
8.53%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Martha J Erickson Revocable Trust -- None Listed On Document
Erickson Ronald C $2,275,000 California Title Company
Macleod Kyle R -- California Title Company
Macleod Kenneth $1,010,000 California Title Company
Busby Katherine B -- California Title Company
Busby Katherine B -- --
Mann Katherine B $330,000 First American Title
Anderson Gerald R $290,000 South Coast Title Company
King Stephen R -- Chicago Title Co
King Stephen R $197,500 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Erickson Ronald C $970,000
Previous Owner Erickson Ronald C $1,000,000
Previous Owner Aspire Capital Inc $200,000
Previous Owner Macleod Kenneth $750,000
Previous Owner Busby Katherine B $100,000
Previous Owner Mann Katherine B $30,000
Previous Owner Anderson Gerald R $232,000
Previous Owner King Stephen R $15,800
Previous Owner King Stephen R $224,000
Previous Owner King Stephen R $196,700
Closed Anderson Gerald R $29,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2018 06/01/18 Sold $2,275,000 -8.6% $820 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
04/17/2018 04/17/18 Price Changed $2,488,888 0.0% $897 / Sq Ft
04/17/2018 04/17/18 For Sale $2,488,888 0.0% $897 / Sq Ft
03/01/2018 03/01/18 For Sale $2,488,888 -- $897 / 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 $31,197 $2,588,558 $1,888,796 $699,762
2024 $31,197 $2,537,803 $1,851,761 $686,042
2023 $30,512 $2,488,043 $1,815,452 $672,591
2022 $29,701 $2,439,258 $1,779,855 $659,403
2021 $29,497 $2,391,430 $1,744,956 $646,474
2020 $29,139 $2,366,910 $1,727,064 $639,846
2019 $28,619 $2,320,500 $1,693,200 $627,300
2018 $16,120 $1,369,804 $998,784 $371,020
2017 $80 $1,030,200 $979,200 $51,000
2016 $5,078 $437,010 $369,204 $67,806
2015 $5,002 $430,447 $363,659 $66,788
2014 $4,922 $422,016 $356,536 $65,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 180010727

San Diego MLS

APN: 351-174-06-04