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4959 Lorraine Drive

4959 Lorraine Drive, San Diego, CA 92115
Property in Talmadge
Sold Dec 21, 1993
$318,000
$240,000 by Bank Of America
Mortgage Due Mar 01, 2029
Sold Nov 23, 1993
$77,000
Local assessors in San Diego, CA have categorized 4959 Lorraine Drive as a residential type of property. The home was built in 1952 and is 72 years old. The property's lot size has been calculated to be 23,700 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 4959 Lorraine Drive has a total of 2,239 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 4959 Lorraine Drive sold most recently in Dec 6, 1993 for a total of $318,000. If you work out the math, that's approximately a cost of $142.03 per sqft. Before that, the property was also sold for $77,000 in Oct 27, 1993. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,508 in taxes each year. 4959 Lorraine Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $519,484. If we break it down further, the land itself was valued at $326,725. Improvements to the property, however, were assessed at a total of $192,759. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 23,700
  • Lot Size Frontage Feet: 530
  • Total Building Area: 2,239
  • Building Area: 2,239
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,239
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TALMADGE PARK
  • Land Acres: 0.544
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: LOT 1296 TR 002750

Ownership

  • Current Owner : SHEN PAUL BAOU JEUN
  • Current Owner 2: SHEN MARIE SHU QUEN
  • Previous Owner : LATHAM
  • Owner Before Previous Owner: GORDON DAVID A
  • Owner Before Previous Owner 2: GORDON KIMBERLY A
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: San Diego City Unified School District
  • School Tax School District: SAN DIEGO CITY
  • Census Tract: 002002

Zoning

  • Zoning: RS-1-1

Geography

  • Assessors Map Reference: 002750
  • Subdivision Tract Number: 002750
  • Parcel: 465-160-06-00
  • Lot: 1296
  • Municipality: CITY OF SAN DIEGO
  • Latitude: 32.768
  • Longitude: -117.092

    Address

  • Full Address: 4959 Lorraine Dr
  • Address - House Number: 4959
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: San Diego
  • Carrier Code: C003
  • 4-Digit Zip Code: 1920
  • Zip Code: 92115

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,508
  • Tax Rate Code Area: 08-001

    Appraisal Valuation

  • Standard Deviation: 0.1648
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 79
  • Final Value: 1,672,015
  • High Value: 1,947,705
  • Low Value: 1,396,324

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $240,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA
  • First Open Lien Mortgage Recording Date: Feb 24, 1999
  • First Open Lien Mortgage Loan Amount: $240,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2029

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $519,484
  • Assessed Land Value: $326,725
  • Assessed Improvements Value: $192,759

    Sales

  • Current Sale Contract Date: Dec 06, 1993
  • Current Sale Recording Date: Dec 21, 1993
  • Current Sale Transaction ID: 1064878602
  • Current Sale Price: $318,000
  • Current Sale Document Type: Partnership Deed
  • Current Sale Input Document Number: 1993-0859193
  • Previous Sale Recording Date: Nov 23, 1993
  • Previous Sale Contract Date: Oct 27, 1993
  • Previous Sale Amount: $77,000
  • Previous Sale Document Type: Individual Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NATIONAL TR &
  • First Mortgage Transaction Date: Dec 21, 1993
  • First Mortgage Loan Amount: $254,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jan 01, 2024

    Financing

  • First Mortgage Financing Type: Variable

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Frequently Asked Questions

What neighborhood is 4959 Lorraine Drive located in?
The 4959 Lorraine Drive is a located in the neighborhood of Talmadge in Mid-City, San Diego.
What is the average sales price for listings in 4959 Lorraine Drive?
The average sales price for units in 4959 Lorraine Drive is $0 currently.

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