NOT LISTED FOR SALE

802 Dewitt Ave Encinitas, CA 92024

Estimated Value: $2,062,000 - $2,676,399

4 Beds
2 Baths
1,976 Sq Ft
$1,270/Sq Ft Est. Value

Last Sold September 19, 2016

Last sale price $1,600,000 $810 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $15,664/month

1 Day on Market

Highlights

  • Ocean View
  • Corner Lot
  • Gentle Sloping Lot
  • Paul Ecke-Central Elementary Rated A
  • Partially Fenced Property
  • 4-minute walk to Mildred MacPherson Park

About This Home

As of September 2016

A Rare unpolished Gem of an opportunity on the slopes of Encinitas Highlands. Two beach cottage style units with 4 car detached garage on an amazing corner view lot with 5821 sq ft of gently sloping land. Fantastic views from both units. Live in one and rent the other for additional income. Redevelop or hold long term - this is a once in a lifetime opportunity. Ocean sunset views and short walk to downtown Encinitas, Swami's and Moonlight Beach.

Last Agent to Sell the Property

Scott Holder

Orion Management & Realty Inc. License #01269149 Listed on: 08/19/2016

Last Buyer's Agent

Gita Gendloff

Allison James Estates & Homes License #941982

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,608

Year Built

  • Built in 1960

Lot Details

  • 5,821 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Gentle Sloping Lot

Property Views

  • Ocean
  • Panoramic

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Schools

  • Encinitas Union School District Elementary School

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 258-213-01-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Net Operating Income $40,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,608

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: East G St
  • Neighborhood: Encinitas Highlands
  • Stories: 2 Story
  • Sale Price List Price: 0.98
  • Total Stories: 2
  • Year Built: 1960
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Partial
  • Roof: Composition
  • View: Ocean, Panoramic, Panoramic Ocean

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: ENCINITAS
  • Manager Name: Pierview Properties
  • Manager Phone: 619-992-2990

Schools

  • School District URL: http://www.eusd.k12.ca.us/
  • Elementary School: Encinitas Union School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot
  • Topography: Slope Gentle
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 258-213-01-00
  • Land Use Code: Dupl
  • Estimated Lot Sq Ft: 5821
  • Estimated Number of Acres: 0.13

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 40320
  • Annual Expense Actual: 17280
  • Annual Expense Projected: 17280
  • Gross Rent Multiplier Actual: 28.21
  • Gross Rent Multiplier Projected: 23.35
  • Gross Sched Income Actual: 57600
  • Gross Sched Income Projected: 69600
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 2
  • 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

Closed on
Apr 18, 2018
Sold by
Stepka Mark and Stepka Cynthia
Bought by
Stepka Mark A and Stepka Cynthia M
Total Days on Market
1
Current Estimated Value
$2,508,850

Purchase Details

Listed on
Aug 19, 2016
Closed on
Aug 26, 2016
Sold by
Johnson Todd M
Bought by
Stepka Mark and Stepka Cynthia
Seller's Agent
Scott Holder
Orion Management & Realty Inc.
Buyer's Agent
Gita Gendloff
Allison James Estates & Homes
List Price
$1,625,000
Sold Price
$1,600,000
Premium/Discount to List
-$25,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%

Purchase Details

Closed on
Mar 28, 2002
Sold by
Cameron Michael E and Cameron Patricia Welsh
Bought by
Johnson Todd M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.18%

Purchase Details

Closed on
Sep 22, 1999
Sold by
Cameron Michael E and Cameron Patricia W
Bought by
Cameron Michael E and Cameron Patricia Welsh
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
Stepka Mark A -- None Available
Stepka Mark $1,600,000 Fidelity National Title Co
Johnson Todd M $500,000 Commonwealth Land Title
Cameron Michael E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Todd M $195,000
Previous Owner Johnson Todd M $630,000
Previous Owner Johnson Todd M $524,000
Previous Owner Johnson Todd M $400,000
Previous Owner Cameron Michael Edward $160,000
Closed Johnson Todd M $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2016 09/19/16 Sold $1,600,000 -1.5% $810 / Sq Ft
08/20/2016 08/20/16 Pending -- -- --
08/19/2016 08/19/16 For Sale $1,625,000 -- $822 / 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 $19,608 $1,820,523 $1,536,067 $284,456
2023 $19,152 $1,784,828 $1,505,949 $278,879
2022 $18,685 $1,749,832 $1,476,421 $273,411
2021 $18,654 $1,715,522 $1,447,472 $268,050
2020 $18,368 $1,697,932 $1,432,630 $265,302
2019 $17,992 $1,664,640 $1,404,540 $260,100
2018 $17,613 $1,632,000 $1,377,000 $255,000
2017 $191 $1,600,000 $1,350,000 $250,000
2016 $6,806 $623,958 $374,376 $249,582
2015 $6,745 $614,587 $368,753 $245,834
2014 $6,672 $602,549 $361,530 $241,019
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 160046183

San Diego MLS

APN: 258-213-01