tomo logo

$700,000

Beds
2
Baths
2.0
sq ft
934

1551 4th Ave Unit 606, San Diego, CA 92101

1551 4th Ave Unit 606

San Diego, CA 92101

  • 18 days on market
The Solara Lofts is located in the Cortez Hills neighborhood in downtown San Diego. This beautiful mid-rise condo complex was built in 1996 but converted to residential lofts in 2007. The building has many amenities to keep you occupied but it is also centralized to much much more. Solara Lofts is close to many restaurants, shops, and entertainments. You have Little Italy, Gaslamp Quarters, the San Diego Bay, Embarcadero and Balboa Park all within a few miles. There is a fitness center, racquetball court, and a men and woman showers & saunas. The building was updated with secured access in 2021 and only residents with key fobs may go up the elevators and entryways. This unit is a beautiful 2 BR/2BA that has a lot to offer. You can relax on the balcony overlooking downtown. The kitchen has stainless steel appliances, quartz counter top, custom kitchen tiles, and cabinets. There is a convenient laundry closet set-up right next to the kitchen with space for a stacking washer & dryer. The master bedroom has it's own bathroom and walk-in closet. Plank flooring, recessed lighting, propeller style ceiling fan all really adds to the modern look. Lots of windows and bright natural light. The unit comes with 2 assigned parking spaces and an underground storage unit. Brand new HVAC system installed in June 2024.

Details

Property type

Condominium

Est. home value

$704,282

Lot size

0.3451 acres

Price per sq ft

$750

Year built

1996

Monthly HOA fee

$668

Price History

06/12/2024
CRMLS

CRMLS #PW24117637

Listed
$700,000
+12.9%
07/26/2021
SanDiego

SanDiego #210020661

Sold
$620,000

Schools & Community

Neighborhood: 

Cortez Hill

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

High school district: 

San Diego Unified

Number of units in community: 

77

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

$48,741
Asking price
$700,000
Closing costs (~8% of asking)
-$56,000
Est. remaining loan balance
-$595,259
Cash to seller
$48,741

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

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

August 2021

Original loan amount

$634,260

Est. remaining balance

$595,259

Interest rate

2.93%

Loan type

VA, 30 year

Seller

Phong Thieu Trac

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: 06/29/2024 at 6:05 AM

Listing updated: 06/20/2024 at 6:33 AM

Listed by: Van Trac, Realty Plus Phone #: (949) 418-3467

MLS: CRMLS #PW24117637

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