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Well Maintained Townhome in Great Location!

General: 92115 Zip Code but feels more like La Mesa, and has La Mesa phone. 2 Bedroom 1.5 Bath. Huge for a 2 bedroom at 1097 Square Feet (assessor record). Priced at $299,900 to $309,900, the lowest price per square foot in the neighborhood, and below the last sale in the complex.

Why you should be interested: Great Location! Right next to mailboxes, pool, and clubhouse! Great Location! End unit, only one shared wall! Great Location! Walk to groceries, trolley, or SDSU! Great Location! two minutes to and from freeway! Mission Valley in 10 minutes, downtown in less than 20! Great schools in the area, and several parks.

Selling Points: Nice size bedrooms. Master has vaulted ceiling, huge closet with redwood shelving! Kitchen cabinets refinished this year, and kitchen floor redone also. Nice balcony outside master bedroom, storage under stairs, and small private back yard with block paving. Laundry facilities in unit, and washer and dryer convey with property! Gas fireplace for those cool winter nights. Air conditioning and heating! Nice small complex of 30 units!

If you keep it ten years and it averages only 5% annual average appreciation per year: Based upon a full price purchase $309,900, the property would be worth approximately $500,000. If you held it those ten years before selling, you would net about $240,000 in your pocket, assuming zero down payment. As opposed to renting the $1400 per month most comparable current rental and investing the difference at 10% per year tax free, you would be approximately $90,000 ahead of the renter, after the expenses of fixing and selling.

The sellers have dogs and children, so the light colored carpet gets dirty fast, but cleans up well. They have indicated a willingness to work with reasonable offers on the carpet.

Contact me: Action Realty 619-449-0723, ask for Dan or email danmelson (at) danmelson (dot) com. Ask me for directions, and you are welcome to bring your agent as I don't do dual agency anyway! Or make an appointment and I'll be happy to show it to you, after which I can refer you to some terrific agents for negotiations (if you so desire)!

Front view

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