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501 Marvista Drive

501 Marvista Drive, Solana Beach, CA 92075
Property in Solana Beach
Sold Nov 05, 2007
$1,513,500
$338,500 by Quicken Loans Llc
Mortgage Due Nov 01, 2050
Sold Jun 09, 2004
$1,425,000
$825,000 by Countrywide Bank
Mortgage Due Jul 01, 2034
501 Marvista Drive has been categorized by the local assessors in Solana Beach, CA as a residential type of property. The building on the property was first built in 1955 and is 69 years old. However, we must point out that the home was most recently renovated and altered in 2011. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. In addition, 501 Marvista Drive has 3,506 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 9,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 501 Marvista Drive was last sold in Aug 13, 2007 for $1,513,500. According to our calculations, that's $431.69 per sqft. Prior to that sales transaction, the property was sold for $1,425,000 in May 13, 2004. Current property owners are expected to pay $24,951 in taxes per year. The property on 501 Marvista Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,283,291. To break that down further, the land itself was valued at $1,577,035. While improvements to the property were assessed at a total of $706,256. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2011
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Conventional
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,000
  • Total Building Area: 3,506
  • Building Area: 3,506
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 3,506
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MARVIEW HEIGHTS
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: BLK E LOT 7 TR 002706

Ownership

  • Current Owner : BISHOP PAUL L
  • Current Owner 2: BISHOP JULIANNE C
  • Previous Owner : WECHSLER KENNETH R
  • Previous Owner 2: WECHSLER KIMBERLY S
  • Owner Before Previous Owner: KAPUR KRISHAN K
  • Owner Before Previous Owner 2: KAPUR JACQUELINE K
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Solana Beach Elementary School District
  • School Tax School District: SOLANA BCH CITY
  • Census Tract: 017303

Zoning

  • Zoning: LMRd

Geography

  • Assessors Map Reference: 002706
  • Subdivision Tract Number: 002706
  • Parcel: 263-142-07-00
  • Block: E
  • Lot: 7
  • Municipality: CITY OF SOLANA BEACH
  • Latitude: 32.9983
  • Longitude: -117.267

    Address

  • Full Address: 501 Marvista Dr
  • Address - House Number: 501
  • Address - Street Name: Marvista
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Solana Beach
  • Carrier Code: C002
  • 4-Digit Zip Code: 1329
  • Zip Code: 92075

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $24,951
  • Tax Rate Code Area: 18-005

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 78
  • Final Value: 3,340,324
  • High Value: 3,913,536
  • Low Value: 2,767,112

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $338,500
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Oct 16, 2020
  • First Open Lien Mortgage Loan Amount: $338,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,283,291
  • Assessed Land Value: $1,577,035
  • Assessed Improvements Value: $706,256

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 13, 2007
  • Current Sale Recording Date: Nov 05, 2007
  • Current Sale Transaction ID: 1045374189
  • Current Sale Price: $1,513,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2007-0704054
  • Previous Sale Recording Date: Jun 09, 2004
  • Previous Sale Contract Date: May 13, 2004
  • Previous Sale Amount: $1,425,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: RANCHO FINANCIAL INC
  • First Mortgage Transaction Date: Nov 05, 2007
  • First Mortgage Loan Amount: $400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Nov 01, 2037

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYWIDE BANK
  • Previous Mortgage Transaction Date: Jun 09, 2004
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $825,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2034

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Frequently Asked Questions

What neighborhood is 501 Marvista Drive located in?
The 501 Marvista Drive is a located in the neighborhood of Solana Beach in Solana Beach, Solana Beach.
What is the average sales price for listings in 501 Marvista Drive?
The average sales price for units in 501 Marvista Drive is $0 currently.

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