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5229 Rincon Street

5229 Rincon Street, San Diego, CA 92115
Property in College East
Sold Feb 23, 2024
$1,268,000
$1,485,500 by Balboa Thrift & Loan
Mortgage Due Mar 01, 2026
Sold Nov 18, 2021
$850,000
Seller
$765,000 by Rocket Mortgage Llc
Mortgage Due Dec 01, 2051
Local assessors in San Diego, CA have categorized 5229 Rincon Street as a residential type of property. The home was built in 1950 and is 74 years old. It was most recently renovated and altered in 1951. The property's lot size has been calculated to be 19,600 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 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 is one full bathroom. There is also a partial bathroom. 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 5229 Rincon Street has a total of 1,098 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Lots of block were used in the construction of the exterior walls of the home. The property was last sold in Feb 14, 2024 for $1,268,000. That's $1,154.83 per sqft. Prior to that sales transaction, the property was also sold in Nov 2, 2021 for $850,000. 5229 Rincon Street was last assessed in 2023. The total value of the property was assessed at $867,000. Specifically, the land the property is located on was valued at $765,000. While improvements on the property were assessed at a total of $102,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $10,655. The initial tax year of delinquency was in 2022. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Construction Type: Frame
  • Exterior Walls Type: Block
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 19,600
  • Lot Size Frontage Feet: 530
  • Total Building Area: 1,098
  • Building Area: 1,098
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,098
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: COSGROVE MESA
  • Land Acres: 0.45
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: LOT 37 TR 002708

Ownership

  • Current Owner : DAILY SYDNEY JANE
  • Previous Owner : BAJA NORTE VENTURES LLC
  • Owner Before Previous Owner: RICSL LLC
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: San Diego City Unified School District
  • School Tax School District: SAN DIEGO CITY
  • Census Tract: 002904

Zoning

  • Zoning: RS-1-7

Geography

  • Assessors Map Reference: 002708
  • Subdivision Tract Number: 002708
  • Parcel: 467-073-03-00
  • Lot: 37
  • Municipality: CITY OF SAN DIEGO
  • Latitude: 32.7735
  • Longitude: -117.062

    Address

  • Full Address: 5229 Rincon St
  • Address - House Number: 5229
  • Address - Street Name: Rincon
  • Address - Suffix Type: St
  • State: CA
  • City Name: San Diego
  • Carrier Code: C025
  • 4-Digit Zip Code: 1443
  • Zip Code: 92115

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,655
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 08-001

    Appraisal Valuation

  • Standard Deviation: 0.1585
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 80
  • Final Value: 951,106
  • High Value: 1,101,873
  • Low Value: 800,338

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,485,500
  • First Open Lien Mortgage Lender: BALBOA THRIFT & LOAN
  • First Open Lien Mortgage Recording Date: Feb 23, 2024
  • First Open Lien Mortgage Loan Amount: $1,485,500
  • First Open Lien Mortgage Term: 24
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2026

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $867,000
  • Assessed Land Value: $765,000
  • Assessed Improvements Value: $102,000

    Sales

  • Current Sale Contract Date: Feb 14, 2024
  • Current Sale Recording Date: Feb 23, 2024
  • Current Sale Transaction ID: 11921405893
  • Current Sale Price: $1,268,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 46265
  • Previous Sale Recording Date: Nov 18, 2021
  • Previous Sale Contract Date: Nov 02, 2021
  • Previous Sale Amount: $850,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BALBOA THRIFT & LOAN
  • First Mortgage Transaction Date: Feb 23, 2024
  • First Mortgage Loan Amount: $1,485,500
  • First Mortgage Terms: 24
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2026

    Previous Mortgages

  • Previous Mortgage Lender: ROCKET MORTGAGE LLC
  • Previous Mortgage Transaction Date: Nov 18, 2021
  • Previous Mortgage Loan Amount: $765,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2051

About Mid-City



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Frequently Asked Questions

What neighborhood is 5229 Rincon Street located in?
The 5229 Rincon Street is a located in the neighborhood of College East in Mid-City, San Diego.
What is the average sales price for listings in 5229 Rincon Street?
The average sales price for units in 5229 Rincon Street is $0 currently.

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