NOT LISTED FOR SALE

726 Devon Ct Unit 28 San Diego, CA 92109

Mission Beach Neighborhood

Estimated Value: $3,130,000 - $3,731,000

5 Beds
5 Baths
3,495 Sq Ft
$964/Sq Ft Est. Value

Last Sold August 08, 2017

Last sale price $1,920,000 $549 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $20,855/month

56 Days on Market

Highlights

  • Ocean View
  • Gated Home
  • 2-minute walk to Mission Beach Park
  • Pacific Beach Elementary School Rated A-
  • Level Lot

About This Home

As of August 2017

South Mission Beach duplex with great rental history. This property features a 1 bedroom first level unit and a 4-plus bedroom unit on the 2nd and 3rd floors. On the roof is a huge roof deck with amazing Ocean views. Located steps to the beach and on one of the best courts in South Mission. Both units have parking and wash/dryer in the units.

Last Agent to Sell the Property

Steve Springer

Compass License #01733282 Listed on: 03/31/2017

Compass

Co-Listed By

Blaine Smith

710BR License #01907578

Last Buyer's Agent

Trevor Pike

Compass License #01739847

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,361

Year Built

  • Built in 1987

Lot Details

  • 2,400 Sq Ft Lot
  • Gated Home
  • Level Lot

Home Design

  • Rolled or Hot Mop Roof
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 3-Story Property
  • Ocean Views

Utilities

  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Vacation Rental by Owner
  • Assessor Parcel Number 423-694-11-00

Community Details

Overview

  • 2 Units
  • Devon Sands Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $75,495

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,361

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Mission Blvd and Devon Ct
  • Neighborhood: South Mission Beach
  • Stories: 3 Story
  • Sale Price List Price: 0.96
  • Total Stories: 3
  • Year Built: 1987
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood/Stucco
  • Fencing: Gate
  • Roof: Composition, Rolled/Hot Mop
  • View: Ocean

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Complex Name: Devon Sands
  • Pets Allowed: Yes
  • Community: MISSION BEACH
  • Manager Name: Blaine Smith
  • Manager Phone: 858-598-3137

Lot Info

  • Lot Size: 1-3,999 SF
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 423-694-11-00
  • Land Use Code: R4
  • Estimated Lot Dimensions: 30x80
  • Estimated Lot Sq Ft: 2400
  • Water District URL: http://www.ci.san-diego.ca.us/water

Rental Info

  • Vacation Rental By Owner: Yes

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 75495
  • Annual Expense Actual: 62298
  • Gross Rent Multiplier Actual: 14.48
  • Gross Sched Income Actual: 137793
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • 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

Listed on
Mar 31, 2017
Closed on
Jun 27, 2017
Sold by
726 Devon Court Llc
Bought by
Sharp Gary and Sharp Susan
Seller's Agent
Steve Springer
Compass
Buyer's Agent
Trevor Pike
Compass
List Price
$2,100,000
Sold Price
$1,920,000
Premium/Discount to List
-$180,000
-8.57%
Current Estimated Value
$3,378,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,458,442
Avg. Annual Appreciation
7.43%
Original Mortgage
$1,497,600
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2005
Sold by
Smith Kenneth Charles and Smith Christina
Bought by
726 Devon Court Llc

Purchase Details

Closed on
Jan 5, 2005
Sold by
Hanson Hubert P and Hanson Andrea R
Bought by
Smith Kennith Charles and Smith Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,640,000
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 3, 1999
Sold by
Flynn Paul J and Flynn Ann H
Bought by
Hanson Hubert P and Hanson Andrea R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,800
Interest Rate
7.04%

Purchase Details

Closed on
Aug 18, 1983
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
Sharp Gary $1,920,000 Lawyers Title
726 Devon Court Llc -- Southland Title Of San Diego
Smith Kennith Charles $2,050,000 Southland Title Of San Diego
Hanson Hubert P $631,000 Chicago Title Co
-- $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharp Gary $1,537,000
Closed Sharp Gary $1,497,600
Previous Owner Smith Kenneth Charles $300,000
Previous Owner Smith Kennith Charles $1,640,000
Previous Owner Hanson Hubert P $500,000
Previous Owner Hanson Hubert P $200,000
Previous Owner Hanson Hubert P $600,000
Previous Owner Hanson Hubert P $490,000
Previous Owner Hanson Hubert P $504,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2017 08/08/17 Sold $1,920,000 -3.8% $549 / Sq Ft
05/26/2017 05/26/17 Pending -- -- --
05/10/2017 05/10/17 Price Changed $1,995,000 -5.0% $571 / Sq Ft
03/31/2017 03/31/17 For Sale $2,100,000 -- $601 / 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 $26,361 $2,184,628 $1,820,524 $364,104
2024 $26,361 $2,141,793 $1,784,828 $356,965
2023 $25,780 $2,099,798 $1,749,832 $349,966
2022 $25,093 $2,058,626 $1,715,522 $343,104
2021 $24,920 $2,018,262 $1,681,885 $336,377
2020 $24,616 $1,997,568 $1,664,640 $332,928
2019 $24,177 $1,958,400 $1,632,000 $326,400
2018 $22,602 $1,920,000 $1,600,000 $320,000
2017 $21,113 $1,800,000 $1,270,000 $530,000
2016 $21,195 $1,800,000 $1,270,000 $530,000
2015 $21,200 $1,800,000 $1,270,000 $530,000
2014 $20,094 $1,700,000 $1,200,000 $500,000
Source: Public Records

Agents Affiliated with this Home

  • Steve Springer

    Seller's Agent in 2017

    Steve Springer

    Compass

    (619) 520-8476

    14 in this area

    42 Total Sales

    Section Image
  • Blaine Smith

    Seller Co-Listing Agent in 2017

    Blaine Smith

    710BR

    (951) 265-2143

    Section Image
  • Trevor Pike

    Buyer's Agent in 2017

    Trevor Pike

    Compass

    (619) 823-7503

    12 in this area

    44 Total Sales

    Section Image
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Map

Source: San Diego MLS

MLS Number: 170015998

San Diego MLS

APN: 423-694-11

California San Diego County San Diego 92109 Mission Beach

726 Devon Ct Unit 28, San Diego, CA

This home is located at 726 Devon Ct Unit 28, San Diego, CA 92109 since 31 March 2017 and is currently estimated at $3,369,970, approximately $964 per square foot. This property was built in 1987. 726 Devon Ct Unit 28 is a home located in San Diego County with nearby schools including Pacific Beach Elementary School, Pacific Beach Middle, and Mission Bay High School.

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