$1,610,000
SOLD AUG 29, 2014
5 Beds
5 Baths
2,570 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$626 Per Sq Ft

4% Below List Price

20 Days on Market

Highlights

  • RV Garage
  • Community Barbecue Grill
  • Multiple Phone Lines
  • Pacific Beach Elementary School Rated A-
  • Attic Fan
  • 4-minute walk to South Mission Beach Park

About This Home

As of July 2023

This terrific duplex sits on one of the nicest courts in all of South Mission Beach. It is four homes from the wide sandy beach which never gets too crowded, even in the middle of the summer. Both units have had extensive remodels done with high quality materials and finish work. Upstairs is light and bright with vaulted ceilings and a chefs kitchen with high end appliances and cabinetry. Nothing has been left undone and is move in ready. Too many upgrades to mention, check supplement for more info. 723-Upstairs Kitchen has Thermador double ovens with a 6 burner Professional cook top, built in microwave and a Viking refrigerator, Lava stone counters, Riff sawn oak custom cabinets from Jacobs Woodworking, oiled Duchateau wide plank wood flooring, Custom Shutters by Jim French, remodeled bathrooms and walk in closet in master bedroom. 725-Downstairs unit remodeled within the last 12 months. Remodeled both bathrooms down to the studs, installed wood grain click together commercial vinyl flooring, all new custom shutters by Jim French, fresh paint, completely remodeled the front patio installing locking pavers and all new patio furniture.

Last Agent to Sell the Property

mark maydahl

Realty Source Incorporated License #01096300 Listed on: 07/17/2014

Last Buyer's Agent

mark maydahl

Realty Source Incorporated License #01096300 Listed on: 07/17/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,690

Year Built

  • Built in 1980

Lot Details

  • Partially Fenced Property
  • Level Lot

Parking

  • RV Garage

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 3-Story Property
  • Attic Fan

Location

  • West of 101 Freeway
  • West of 5 Freeway

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Multiple Phone Lines
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 423-726-03-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Community Barbecue Grill

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,690

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Strandway
  • Neighborhood: South Mission Beach
  • Supplement: 723-Upstairs Kitchen has Thermador double ovens with a 6 burner Professional cook top, built in microwave and a Viking refrigerator, Lava stone counters, Riff sawn oak custom cabinets from Jacobs Woodworking, oiled Duchateau wide plank wood flooring, Custom Shutters by Jim French, remodeled bathrooms and walk in closet in master bedroom. 725-Downstairs unit remodeled within the last 12 months. Remodeled both bathrooms down to the studs, installed wood grain click together commercial vinyl flooring, all new custom shutters by Jim French, fresh paint, completely remodeled the front patio installing locking pavers and all new patio furniture.
  • Stories: 3 Story
  • Sale Price List Price: 0.96
  • Total Stories: 3
  • Year Built: 1980
  • 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: Stucco
  • Fencing: Partial
  • Roof: Composition

Garage/Parking

  • Parking for RV: Garage

Utilities

  • Cooling: Attic Fan, Central Forced Air
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Multiple Phones
  • Heat Equipment: Forced Air Unit, Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: MISSION BEACH
  • Complex Features: BBQ

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Sidewalks, West of I-5, West of 101
  • Topography: Level
  • Assessor Parcel Number: 423-726-03-00
  • Land Use Code: R2
  • Map Code Column: J
  • Map Code Page: 1267
  • Map Code Row: 4

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 2
  • Annual Expense Actual: 2500
  • Gross Sched Income Actual: 52000
  • Gross Sched Income Projected: 115000
  • Number Of Buildings: 1
  • Number Of Furnished Units: 1
  • Number Of Units With Cooling: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2014
Closed on
Aug 25, 2014
Sold by
Maydahl Jane Groover
Bought by
Maydahl Mark
Seller's Agent
mark maydahl
Realty Source Incorporated
Buyer's Agent
mark maydahl
Realty Source Incorporated
List Price
$1,675,000
Sold Price
$1,610,000
Premium/Discount to List
-$65,000
-3.88%
Total Days on Market
20
Current Estimated Value
$3,144,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,534,190
Avg. Annual Appreciation
6.40%

Purchase Details

Listed on
Jul 17, 2014
Closed on
Aug 20, 2014
Sold by
Maydahl Mark
Bought by
Pennington Living Trust and Pennington Susan
Seller's Agent
mark maydahl
Realty Source Incorporated
Buyer's Agent
mark maydahl
Realty Source Incorporated
List Price
$1,675,000
Sold Price
$1,610,000
Premium/Discount to List
-$65,000
-3.88%

Purchase Details

Closed on
Dec 28, 2004
Sold by
Maydahl Mark
Bought by
Maydahl Mark

Purchase Details

Closed on
May 7, 2001
Sold by
Young Leroy and Maydahl Mark
Bought by
Maydahl Mark

Purchase Details

Closed on
Jan 24, 2000
Sold by
Leroy Young
Bought by
Young Leroy and Maydahl Mark J

Purchase Details

Closed on
Sep 1, 1998
Sold by
Sato Scott and Sato Simone Nicajevsky
Bought by
Young Leroy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
6.89%

Purchase Details

Closed on
Apr 24, 1997
Sold by
Magarian James L
Bought by
Sato Scott and Sato Simeone Nicajevsky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,200
Interest Rate
8.13%

Purchase Details

Closed on
Jan 7, 1997
Sold by
Magarian James L
Bought by
Magarian James L
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- First American Title Ins Co
Grant Deed $1,610,000 First American Title Ins Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer $265,000 --
Interfamily Deed Transfer $265,000 Benefit Land Title Company
Grant Deed $530,000 First American Title
Grant Deed $428,000 Commonwealth Land Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $845,000 New Conventional
Previous Owner $650,000 Unknown
Previous Owner $620,000 Unknown
Previous Owner $450,000 Unknown
Previous Owner $424,000 No Value Available
Previous Owner $385,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2023 07/03/23 Sold $2,820,000 -5.8% $1,074 / Sq Ft
06/02/2023 06/02/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $2,995,000 +86.0% $1,141 / Sq Ft
08/29/2014 08/29/14 Sold $1,610,000 -3.9% $626 / Sq Ft
08/06/2014 08/06/14 Pending -- -- --
07/17/2014 07/17/14 For Sale $1,675,000 -- $652 / 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 $34,690 $2,820,000 $2,370,000 $450,000
2023 $22,840 $1,859,835 $1,386,215 $473,620
2022 $22,232 $1,823,369 $1,359,035 $464,334
2021 $22,078 $1,787,618 $1,332,388 $455,230
2020 $21,809 $1,769,289 $1,318,726 $450,563
2019 $21,420 $1,734,598 $1,292,869 $441,729
2018 $20,024 $1,700,587 $1,267,519 $433,068
2017 $19,560 $1,667,243 $1,242,666 $424,577
2016 $19,252 $1,634,552 $1,218,300 $416,252
2015 $18,968 $1,610,000 $1,200,000 $410,000
2014 $9,389 $798,982 $553,143 $245,839
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 140039188

San Diego MLS

APN: 423-726-03