NOT LISTED FOR SALE

745-47 Melrose Place San Diego, CA 92114

Emerald Hills Neighborhood

Estimated Value: $622,000 - $731,508

3 Beds
2 Baths
1,250 Sq Ft
$547/Sq Ft Est. Value

Last Sold November 18, 2020

Last sale price $435,000 $348 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,170/month

5 Days on Market

Highlights

  • 40,946 Sq Ft lot
  • Cul-De-Sac
  • 1-Story Property
  • Property Near a Canyon
  • Partially Fenced Property

About This Home

As of November 2020

Fantastic opportunity to make this property strongly cash flow. Potential to add an ADU for extra income. Current tenants have been long term and are well below market rental rates. Huge lot with loads of opportunity. This property is a fixer with lots of deferred maintenance, including a crack in the exterior stucco in the back of 2 bedroom unit. Great investment opportunity, probate sale required, no court confirmation required. This is a cash only sale.

Last Agent to Sell the Property

Keith Roby

The Roby Company License #01199790 Listed on: 10/20/2020

Last Buyer's Agent

Keith Roby

The Roby Company License #01199790 Listed on: 10/20/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,705

Year Built

  • Built in 1952

Lot Details

  • 0.94 Acre Lot
  • Property Near a Canyon
  • Cul-De-Sac
  • Partially Fenced Property

Parking

  • RV Potential

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 542-630-09-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,705

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Roswell St
  • Neighborhood: San Diego
  • Miscellaneous: Value in Land
  • Stories: 1 Story
  • Sale Price List Price: 1.18
  • Total Stories: 1
  • Year Built: 1952
  • 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/Stucco
  • Fencing: Partial
  • Roof: Composition

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Lot Info

  • Lot Size: .5 to 1 AC
  • Site: Cul-De-Sac, Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Canyon/Valley
  • Zoning: RS-1-6
  • Assessor Parcel Number: 542-630-09-00
  • Estimated Lot Sq Ft: 40946

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Number Of Buildings: 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
Oct 20, 2020
Closed on
Nov 9, 2020
Sold by
Whatley Michael J and Estate Of Patsy T Whatley
Bought by
1302 National City Llc
Seller's Agent
Keith Roby
The Roby Company
Buyer's Agent
Keith Roby
The Roby Company
List Price
$369,900
Sold Price
$435,000
Premium/Discount to List
$65,100
17.6%
Current Estimated Value
$683,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,377
Avg. Annual Appreciation
10.60%

Purchase Details

Closed on
May 31, 2001
Sold by
Whatley Michael J
Bought by
Whatley Patsy T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.14%

Purchase Details

Closed on
Aug 23, 1996
Sold by
Whatley Patsy T
Bought by
Whatley Michael J and Whatley Patsy T

Purchase Details

Closed on
Apr 8, 1996
Sold by
Ingles Pearl R
Bought by
Whatley Patsy T

Purchase Details

Closed on
Oct 16, 1984
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
1302 National City Llc $440,000 Fidelity National Title
Whatley Patsy T -- Commonwealth Land Title Ins
Whatley Michael J -- --
Whatley Patsy T -- --
-- $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whatley Patsy T $150,000
Previous Owner Whatley Patsy T $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2020 11/18/20 Sold $435,000 +17.6% $348 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
10/20/2020 10/20/20 For Sale $369,900 -- $296 / 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 $5,705 $470,857 $405,912 $64,945
2024 $5,705 $461,625 $397,953 $63,672
2023 $5,579 $452,574 $390,150 $62,424
2022 $5,430 $443,700 $382,500 $61,200
2021 $5,393 $435,000 $375,000 $60,000
2020 $5,151 $416,160 $312,120 $104,040
2019 $5,060 $408,000 $306,000 $102,000
2018 $1,458 $121,357 $53,538 $67,819
2017 $80 $118,979 $52,489 $66,490
2016 $1,400 $116,647 $51,460 $65,187
2015 $1,379 $114,896 $50,688 $64,208
2014 $1,359 $112,647 $49,696 $62,951
Source: Public Records

Agents Affiliated with this Home

  • Keith Roby

    Seller's Agent in 2020

    Keith Roby

    The Roby Company

    (619) 602-9570

    1 in this area

    50 Total Sales

    Keith Roby
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Map

Source: San Diego MLS

MLS Number: 200049157

San Diego MLS

APN: 542-630-09

California San Diego County San Diego 92114 Emerald Hills

745-47 Melrose Place, San Diego, CA

This home is located at 745-47 Melrose Place, San Diego, CA 92114 since 20 October 2020 and is currently estimated at $683,377, approximately $546 per square foot. This property was built in 1952. 745-47 Melrose Place is a home located in San Diego County with nearby schools including Horton Elementary School, Millennial Tech Middle School, and Lincoln High School.

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