NOT LISTED FOR SALE

Estimated Value: $2,809,000 - $3,209,545

4 Beds
5 Baths
2,553 Sq Ft
$1,183/Sq Ft Est. Value

Last Sold November 22, 2016

Last sale price $1,775,000 $695 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $18,579/month

27 Days on Market

Highlights

  • Bay View
  • Corner Lot
  • Security System Owned
  • Pacific Beach Elementary School Rated A-
  • Intercom
  • Tankless Water Heater

About This Home

As of November 2016

Luxury Auction! Bidding to start from $1,695,000! Welcome Home to one of the most Luxurious Executive Bay View properties in South Mission Beach just 35 steps to the Beach! Over 2500 sq ft completely remodeled ground up in 2008... 2b3b 1700(plus) sq ft Marble Counter tops through out, HUGE Master Bathroom & walk in closet, Gourmet kitchen/bar - 2b2b 800 plus sq ft Gourmet kitchen/bar, vaulted ceilings, marble counter tops... both units have every state of the art upgrade you can think of! See supplemental Live Auction Dec 15th 2016...! Buyer may submit offer prior to Auction (NOW) and stop the auction!! All seller Disclosures including Home Inspection, Pest Inspection, Pre-Lim and Natural Hazard disc report... have been done in advance Disclosures are in the Document Section of the MLS "D" tab under pictures... Buyer may do any inspection they wish or obtain any financing they qualify for... Easy process to buy through with a cooperative seller Completely remodeled in 2008 both units have natural cherry wood cabinets, extensive exotic marble throughout, built in refrigerators, stainless appliances, tankless water heaters with vacation controls, whole house water filtration, vacuum system including kitchen floor sweeps, outside storage closets, eagle brand windows and doors, built-in forced air and air-conditioning, attic storage space, Niles built in sound system (works with i-pod, radio, c/d player). Specific to main unit & patio with built in BBQ/bar/sink and outside shower and fire pit, laundry room, built in pantry/wine cabinet, whirlpool tub, 2 under counter beverage refrigerators, HUGE master bathroom with dual shower and HUGE walk-in closet, built in safe…. And much more. This has been used as a second home for the sellers so it has ZERO rental history. Projected rents listed in the MLS are based on long term for main unit and modest vacation rental for 2nd unit. This is a must see property! Seller is willing to convey ALL furnishing (except Sail Fish in upstairs unit) with the purchase, phones... everything

Last Agent to Sell the Property

Christian Castner

Compass License #01245048 Listed on: 10/18/2016

Compass

Last Buyer's Agent

Walter Ferrari

Ferrari Realty License #00514633

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,504

Year Built

  • Built in 2008

Lot Details

  • Partially Fenced Property
  • Corner Lot
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Wired For Data
  • Bay Views

Home Security

  • Window Bars
  • Security System Owned
  • Intercom

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
  • Tankless Water Heater
  • Prewired Cat-5 Cables
  • Multiple Phone Lines
  • Cable TV Available

Additional Features

  • Drip Irrigation
  • West of 5 Freeway

Listing and Financial Details

  • Assessor Parcel Number 423-717-06-00

Community Details

Overview

  • 2 Units
  • Bayside Beach House Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,504

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Bayside Walk
  • Neighborhood: South Mission Beach
  • Supplement: Live Auction Dec 15th 2016...! Buyer may submit offer prior to Auction (NOW) and stop the auction!! All seller Disclosures including Home Inspection, Pest Inspection, Pre-Lim and Natural Hazard disc report... have been done in advance Disclosures are in the Document Section of the MLS "D" tab under pictures... Buyer may do any inspection they wish or obtain any financing they qualify for... Easy process to buy through with a cooperative seller Completely remodeled in 2008 both units have natural cherry wood cabinets, extensive exotic marble throughout, built in refrigerators, stainless appliances, tankless water heaters with vacation controls, whole house water filtration, vacuum system including kitchen floor sweeps, outside storage closets, eagle brand windows and doors, built-in forced air and air-conditioning, attic storage space, Niles built in sound system (works with i-pod, radio, c/d player). Specific to main unit & patio with built in BBQ/bar/sink and outside shower and fire pit, laundry room, built in pantry/wine cabinet, whirlpool tub, 2 under counter beverage refrigerators, HUGE master bathroom with dual shower and HUGE walk-in closet, built in safe…. And much more. This has been used as a second home for the sellers so it has ZERO rental history. Projected rents listed in the MLS are based on long term for main unit and modest vacation rental for 2nd unit. This is a must see property! Seller is willing to convey ALL furnishing (except Sail Fish in upstairs unit) with the purchase, phones... everything
  • LP / Sq Ft: 15.09
  • Stories: 2 Story
  • Sale Price List Price: 1.05
  • Total Stories: 2
  • Year Built: 2008
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Fencing: Partial
  • Roof: Composition
  • View: Bay

Utilities

  • Cooling: Central Forced Air
  • Security: Eqpt Owned, Security Bars
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Tankless
  • Telecommunications: Cable (coaxial), Computer (cat5), Intercom, Multiple Phones, Security, Wired High Speed Internet
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Bayside Beach House
  • Pets Allowed: Yes
  • Community: MISSION BEACH

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: Drip
  • Lot Size: 1-3,999 SF
  • Site: Alley Access, Corner Lot, Public Street, Sidewalks, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 423-717-06-00
  • Land Use Code: Dupl
  • Water District URL: http://www.ci.san-diego.ca.us/water

Multi Family

  • No. of Units: 2
  • Annual Expense Projected: 31700
  • Gross Rent Multiplier Projected: 23.0
  • Gross Sched Income Projected: 144000
  • 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: 1
  • 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: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2019
Sold by
Ferrari Walter L and Ferrari Janice
Bought by
Kuerbis Kevin
Current Estimated Value
$3,020,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 18, 2016
Closed on
Nov 15, 2016
Sold by
Sutherland Charles E and Sutherland Dale Kathleen
Bought by
Ferrari Walter L and Ferrari Janice
Seller's Agent
Christian Castner
Compass
Buyer's Agent
Walter Ferrari
Ferrari Realty
List Price
$1,695,000
Sold Price
$1,775,000
Premium/Discount to List
$80,000
4.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.38%

Purchase Details

Closed on
Nov 6, 1996
Sold by
Sutherland Charles E and Sutherland Dale Kathleen
Bought by
Sutherland Charles E and Sutherland Dale Kathleen

Purchase Details

Closed on
Mar 21, 1996
Sold by
Rudick Allan L and Forsythe Dolores P
Bought by
Sutherland Charles E and Sutherland Dale K

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
7.5%

Purchase Details

Closed on
Feb 16, 1994
Sold by
Rudick Allan L
Bought by
Rudick Allan L and Forsythe Dolores P

Purchase Details

Closed on
Jun 17, 1987

Purchase Details

Closed on
Feb 14, 1985
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
Kuerbis Kevin $1,820,500 Equity Title Orange County I
Ferrari Walter L $1,775,000 First American Title Company
Sutherland Charles E -- None Available
Sutherland Charles E $550,000 First American Title Co
Rudick Allan L -- --
-- $548,800 --
-- $451,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kuerbis Kevin $501,200
Closed Kuerbis Kevin $500,636
Closed Kuerbis Kevin $500,000
Previous Owner Sutherland Charles E $400,000
Previous Owner Sutherland Charles E $398,000
Previous Owner Sutherland Charles E $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2016 11/22/16 Sold $1,775,000 +4.7% $695 / Sq Ft
11/14/2016 11/14/16 Pending -- -- --
10/18/2016 10/18/16 For Sale $1,695,000 -- $664 / 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 $24,504 $2,030,311 $1,567,301 $463,010
2024 $24,504 $1,990,502 $1,536,570 $453,932
2023 $23,963 $1,951,474 $1,506,442 $445,032
2022 $23,324 $1,913,210 $1,476,904 $436,306
2021 $23,163 $1,875,697 $1,447,946 $427,751
2020 $22,881 $1,856,465 $1,433,100 $423,365
2019 $22,801 $1,846,710 $1,430,550 $416,160
2018 $21,315 $1,810,500 $1,402,500 $408,000
2017 $20,821 $1,775,000 $1,375,000 $400,000
2016 $9,039 $771,825 $428,795 $343,030
2015 $8,904 $760,233 $422,355 $337,878
2014 $8,756 $745,342 $414,082 $331,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 160056727

San Diego MLS

APN: 423-717-06