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$1,449,999

Beds
3
Baths
2.5
sq ft
1,430

1119 Reed Ave Unit 4, San Diego, CA 92109

1119 Reed Ave Unit 4

San Diego, CA 92109

  • 306 days on market
    • Price drop $50,000↓
Coastal living at its finest! Rarely available Pacific Beach townhome in a FANTASTIC location, just blocks to Sail Bay and the ocean. This townhome has everything that beach living has to offer. Three bedrooms, three bathrooms, two fireplaces, and multiple balconies with rooftop views! The spacious master bedroom is located on the top floor featuring a beautiful en suite bath, skylight, cozy fireplace and separate balcony. The kitchen is equipped with high end appliances, custom cabinetry and great storage. Ideal for vacation rentals—sleeps 10—or for those who love beachside living. It's also fully permitted for short-term rentals by current owner. You’re steps away from the Boardwalk, Crystal Pier, local dining, grocery stores, and bike and surf rentals. The condo can be sold fully furnished, including TVs, kitchenware, and a stackable washer/dryer. Whether for personal use or as a lucrative investment, this property presents a fantastic opportunity to experience the best of Pacific Beach living.

Details

Property type

Townhouse

Est. home value

$1,393,258

Property condition

Updated/Remodeled

Lot size

6,246 sq ft

Price per sq ft

$1,014

Year built

1985

Monthly HOA fee

$300

Price History

10/01/2024
CRMLS

CRMLS #SW24009169

Price change
$1,449,999
-3.33%
08/13/2024
CRMLS

CRMLS #SW24009169

Price change
$1,499,999
-6.25%
06/27/2024
CRMLS

CRMLS #SW24009169

Price change
$1,599,999
-3.03%

Schools & Community

Neighborhood: 

Pacific Beach

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

San Diego Unified

Number of units in community: 

4

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$630,778
Asking price
$1,449,999
Closing costs (~8% of asking)
-$116,000
Est. remaining loan balance
-$703,221
Cash to seller
$630,778

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

January 2022

Original loan amount

$748,000

Est. remaining balance

$703,221

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Homer Thompson Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/17/2024 at 9:25 AM

Listing updated: 11/14/2024 at 6:24 AM

Listed by: Dionne Luna, ERA Donahoe Realty Phone #: (951) 676-9988

MLS: CRMLS #SW24009169

CRMLS logo

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