8585 Via Mallorca

Local assessors in La Jolla, CA have categorized 8585 Via Mallorca as a residential type of property. The home was built in 1986 and is 38 years old. The property's lot size has been calculated to be 43,378 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. 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, 2 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 2 full bathrooms. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 8585 Via Mallorca has a total of 1,355 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. 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, 8585 Via Mallorca was last sold in May 4, 2023 for $970,000. According to our calculations, that's $715.87 per sqft. Prior to that sales transaction, the property was sold for $490,000 in Apr 13, 2015. Current property owners are expected to pay $6,965 in taxes per year. The property on 8585 Via Mallorca was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $566,030. To break that down further, the land itself was valued at $322,056. While improvements to the property were assessed at a total of $243,974. 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. 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.