862 Prospect Street

862 Prospect Street in La Jolla, CA was first built in 1950 and is 74 years old. Although, the building on the property was most recently renovated and altered in 1983. This has been categorized as a commercial property type. There are a total of 3 floors. 862 Prospect Street has 5,995 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 5,865 square feet.

Learn more about the property and building on this page. The home has a flat style roof made of asbestos. For those who need parking, there is a attached garage. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood siding. 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, 862 Prospect Street was last sold in Sep 5, 2019 for $3,500,000. According to our calculations, that's $583.82 per sqft. Prior to that sales transaction, the property was sold for $1,500,000 in Jan 1, 1970. Current property owners are expected to pay $45,653 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2019. The property on 862 Prospect Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,679,123. To break that down further, the land itself was valued at $2,890,740. While improvements to the property were assessed at a total of $788,383. 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.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.