NOT LISTED FOR SALE

Estimated Value: $2,608,000 - $3,142,000

4 Beds
4 Baths
2,500 Sq Ft
$1,152/Sq Ft Est. Value

Last Sold May 16, 2019

Last sale price $1,825,000 $730 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $17,645/month

8 Days on Market

Highlights

  • Level Lot
  • West of 5 Freeway
  • 4-minute walk to South Mission Beach Park
  • Pacific Beach Elementary School Rated A-

About This Home

As of May 2019

Rare opportunity to own a renovated spacious duplex in South Mission Beach, California. Uniquely positioned steps away from both the Ocean and Bay, this duplex makes for the ideal vacation home or rental. Unit 1(806) is a 2/2, private patio and sleeps 6. Unit 2(808) is a 2/2 with an additional sleeping nook, 2 car garage and sleeps 8 to 10. Each unit is, professionally furnished and includes an inviting private balcony to enjoy morning coffee and evening sunsets. Currently run as a vacation rental. Buyer and Buyers agent to verify all information before the C.O.E.

Last Agent to Sell the Property

Michael Panissidi

Coldwell Banker West License #01969339 Listed on: 04/22/2019

Coldwell Banker West

Last Buyer's Agent

Susan Northrup

Best Homes Team License #01162113

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,870

Year Built

  • Built in 1959

Lot Details

  • 0.57

Parking

  • Alley Access

Home Design

  • Composition Roof

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Prewired Cat-5 Cables
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Sprinklers on Timer
  • Level Lot
  • West of 5 Freeway

Listing and Financial Details

  • Vacation Rental by Owner
  • Assessor Parcel Number 423-746-16-00

Community Details

Overview

  • 2 Units
  • N/K Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,870

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Mission blvd.
  • Neighborhood: South Mission Beach
  • Supplement: Buyer and Buyers agent to verify all information before the C.O.E.
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1959
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Wood/Stucco
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Computer (cat5)
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: N/K
  • Pets Allowed: Yes
  • Community: MISSION BEACH
  • Manager Name: Michael Panissidi
  • Manager Phone: 6192472114

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Irrigation: Automatic, Drip
  • Lot Size: 1-3,999 SF
  • Site: Alley Access, Public Street, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 423-746-16-00
  • Water District URL: http://www.ci.san-diego.ca.us/water

Rental Info

  • Vacation Rental By Owner: Yes

Multi Family

  • No. of Units: 2
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Garage: 1
  • 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
Apr 22, 2019
Closed on
May 13, 2019
Sold by
Michael Timon Family Trust
Bought by
Mary Lee Taylor Trust
Seller's Agent
Michael Panissidi
Coldwell Banker West
Buyer's Agent
Susan Northrup
Best Homes Team
List Price
$1,895,000
Sold Price
$1,825,000
Premium/Discount to List
-$70,000
-3.69%
Current Estimated Value
$2,880,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,055,229
Avg. Annual Appreciation
8.27%
Original Mortgage
$380,000
Outstanding Balance
$334,136
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,684,199

Purchase Details

Closed on
Aug 19, 2015
Sold by
Timon Michael John
Bought by
Timon Michael J and Michael Timon Family Trust

Purchase Details

Closed on
Jan 6, 2015
Sold by
Williams Farm Limited Partnership
Bought by
Timon Michael John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
3.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2013
Sold by
Williams Bruce E
Bought by
Williams Farm Limited Partnership

Purchase Details

Closed on
May 25, 2005
Sold by
Seely Paul D and Clark Donna G
Bought by
Williams Bruce E and Williams Marna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.21%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 30, 2002
Sold by
Young Leroy
Bought by
Seely Paul D and Clark Donna G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,000
Interest Rate
5.5%

Purchase Details

Closed on
Jan 27, 1999
Sold by
Wolf Alan W and Wolf Deborah A
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
$428,000
Interest Rate
6.76%
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
Mary Lee Taylor Trust $1,847,500 Chicago Title Company
Timon Michael J -- Accommodation
Timon Michael John $1,400,000 Fidelity National Title
Williams Farm Limited Partnership -- None Available
Williams Bruce E $1,650,000 Chicago Title Co
Seely Paul D $949,000 Commonwealth Land Title Co
Young Leroy $535,000 First American Title Co
Wolf Alan W -- First American Title Co
Ehlers Deborah Wolf -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mary Lee Taylor Trust $380,000
Previous Owner Timon Michael J $950,000
Previous Owner Timon Michael John $980,000
Previous Owner Williams Bruce E $826,500
Previous Owner Williams Bruce E $1,200,000
Previous Owner Seely Paul D $655,000
Previous Owner Seely Paul D $649,000
Previous Owner Seely Paul D $649,000
Previous Owner Young Leroy $420,600
Previous Owner Young Leroy $428,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2019 05/16/19 Sold $1,825,000 -3.7% $730 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
04/22/2019 04/22/19 For Sale $1,895,000 -- $758 / 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 $24,870 $2,060,777 $1,762,518 $298,259
2024 $24,870 $2,020,370 $1,727,959 $292,411
2023 $24,322 $1,980,756 $1,694,078 $286,678
2022 $23,674 $1,941,918 $1,660,861 $281,057
2021 $23,510 $1,903,843 $1,628,296 $275,547
2020 $23,223 $1,884,322 $1,611,600 $272,722
2019 $18,632 $1,508,344 $1,238,998 $269,346
2018 $17,419 $1,478,769 $1,214,704 $264,065
2017 $17,017 $1,449,775 $1,190,887 $258,888
2016 $16,748 $1,421,349 $1,167,537 $253,812
2015 $15,327 $1,300,000 $1,083,000 $217,000
2014 -- $1,200,000 $1,000,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 190021491

San Diego MLS

APN: 423-746-16