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7424 Fay Avenue

7424 Fay Avenue, La Jolla, CA 92037
Property in Village
Sold Mar 01, 2016
$1,570,000
$499,000 by United Wholesale Mortgage
Mortgage Due Sep 01, 2050
Sold Feb 06, 2008
$1,400,000
$980,000 by Citimortgage Inc
Mortgage Due Feb 01, 2038
7424 Fay Avenue in La Jolla, CA was first built in 1997 and is 27 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 7424 Fay Avenue has 2,174 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,383 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There are a total of 2 available parking spaces. 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, 7424 Fay Avenue sold most recently in Jan 19, 2016 for a total of $1,570,000. If you work out the math, that's approximately a cost of $722.17 per sqft. Before that, the property was also sold for $1,400,000 in Jan 9, 2008. 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 $21,830 in taxes each year. 7424 Fay Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,786,388. If we break it down further, the land itself was valued at $1,422,285. Improvements to the property, however, were assessed at a total of $364,103. The property's total assessed value has been marked as more than the total market value 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!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: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,383
  • Total Building Area: 2,174
  • Building Area: 2,174
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,174
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LA JOLLA PARK RESUB
  • Land Acres: 0.169
  • Standard Land Use Code: Condominium unit (residential)
  • County Land Use Code: Leasehold rights (misc.)
  • Legal Description 1: BLK 6 US 2 PER DOC95-533031&UND INT IN LOT 17&18 IN TR 000352

Ownership

  • Current Owner : ACHEATEL ROGER J
  • Current Owner 2: SCHARPF INGRID H
  • Previous Owner : HAGEY ROBERT H
  • Owner Before Previous Owner: KAHANEY ALAN
  • Owner Before Previous Owner 2: KAHANEY PHYLLIS
  • Is Owner Occupied: Owner-occupied property
  • 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: 008101

Zoning

  • Zoning: RM-1-1

Geography

  • Assessors Map Reference: 000352
  • Subdivision Tract Number: 000352
  • Parcel: 350-611-07-02
  • Block: 6
  • Lot: 17,18
  • Municipality: CITY OF SAN DIEGO
  • Latitude: 32.839
  • Longitude: -117.274

    Address

  • Full Address: 7424 Fay Ave
  • Address - House Number: 7424
  • Address - Street Name: Fay
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: La Jolla
  • Carrier Code: C011
  • 4-Digit Zip Code: 5040
  • Zip Code: 92037

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $21,830
  • Tax Rate Code Area: 08-001

    Appraisal Valuation

  • Standard Deviation: 0.1622
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 79
  • Final Value: 2,439,421
  • High Value: 2,835,326
  • Low Value: 2,043,516

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $499,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 07, 2020
  • First Open Lien Mortgage Loan Amount: $499,000
  • 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: Sep 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,786,388
  • Assessed Land Value: $1,422,285
  • Assessed Improvements Value: $364,103

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 19, 2016
  • Current Sale Recording Date: Mar 01, 2016
  • Current Sale Transaction ID: 1447674095
  • Current Sale Price: $1,570,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2016-0090527
  • Previous Sale Recording Date: Feb 06, 2008
  • Previous Sale Contract Date: Jan 09, 2008
  • Previous Sale Amount: $1,400,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: RPM MORTGAGE INC
  • First Mortgage Transaction Date: Mar 01, 2016
  • First Mortgage Loan Amount: $1,256,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: CITIMORTGAGE INC
  • Previous Mortgage Transaction Date: Feb 06, 2008
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $980,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Feb 01, 2038

About Northern San Diego



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Frequently Asked Questions

What neighborhood is 7424 Fay Avenue located in?
The 7424 Fay Avenue is a located in the neighborhood of Village in Northern San Diego, La Jolla.
What is the average sales price for listings in 7424 Fay Avenue?
The average sales price for units in 7424 Fay Avenue is $0 currently.

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