525 11th Avenue 1203, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
ACTIVE$478,388
525 11th Avenue 1203, San Diego, California 92101
1Bed
1Bath
762Sqft
38,864Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Downtown Location: The condominium is situated in a vibrant downtown area, offering immediate access to world-class dining, shopping, entertainment, and the stunning waterfront, appealing to an urban lifestyle.
Top Cons:
High Monthly Association Fee: The $612.0 monthly association fee for a 1-bedroom unit is substantial and can significantly impact the overall cost of ownership and investment returns.
Compared to the nearby listings
Price:$478.4K vs avg $692.5K ($-214,112)21%
Size:762 sqft vs avg 1,046 sqft30%
Price/sqft:$628 vs avg $69426%
More Insights
Built in 2004 (21 years old).
Condition: Built in 2004, this condominium is 20 years old, fitting the 'Good' category's age range. The listing states it's 'beautifully updated' with 'modern finishes' and 'stainless steel appliances,' which is well-supported by the images. The kitchen features light wood cabinets, granite countertops, and modern stainless steel appliances, all appearing in excellent, clean condition. The bathroom is also updated with a matching vanity and countertop, and a clean shower/tub combo. Flooring is a mix of well-maintained laminate/hardwood and carpet. The property is move-in ready with no immediate renovation required, and major systems appear functional and well-maintained.
Year Built
2004
Close
-
List price
$478K
Original List price
$510K
Price/Sqft
$628
HOA
$612
Days on market
-
Sold On
-
MLS number
PTP2500982
Home ConditionGood
Features
View-
About this home
This beautifully updated 1-bedroom, 1-bathroom condominium offers the perfect blend of urban convenience and comfort. Located in the vibrant downtown area, you'll be just steps away from world-class dining, shopping, entertainment, and the stunning waterfront. The open-concept floor plan features modern finishes, stainless steel appliances, and abundant natural light. One assigned parking space in the lower level garage with storage cage. Come and experience the best of San Diego living. Perfect for first-time buyers, investors, or anyone looking to embrace downtown life. Don't miss the opportunity to call this prime location home!
Condition Rating
Good
Built in 2004, this condominium is 20 years old, fitting the 'Good' category's age range. The listing states it's 'beautifully updated' with 'modern finishes' and 'stainless steel appliances,' which is well-supported by the images. The kitchen features light wood cabinets, granite countertops, and modern stainless steel appliances, all appearing in excellent, clean condition. The bathroom is also updated with a matching vanity and countertop, and a clean shower/tub combo. Flooring is a mix of well-maintained laminate/hardwood and carpet. The property is move-in ready with no immediate renovation required, and major systems appear functional and well-maintained.
Pros & Cons
Pros
Exceptional Downtown Location: The condominium is situated in a vibrant downtown area, offering immediate access to world-class dining, shopping, entertainment, and the stunning waterfront, appealing to an urban lifestyle.
Modern & Updated Interior: The unit boasts a 'beautifully updated' open-concept floor plan with 'modern finishes' and 'stainless steel appliances,' ensuring a move-in ready and contemporary living experience.
Dedicated Parking & Storage: A significant advantage in a dense urban environment, the property includes one assigned parking space in the lower-level garage along with a valuable storage cage.
Broad Market Appeal: The property is explicitly marketed as 'perfect for first-time buyers, investors, or anyone looking to embrace downtown life,' indicating a wide potential buyer pool.
Newer Construction: Built in 2004, the building benefits from more modern construction standards and infrastructure, potentially leading to fewer immediate maintenance concerns compared to older properties.
Cons
High Monthly Association Fee: The $612.0 monthly association fee for a 1-bedroom unit is substantial and can significantly impact the overall cost of ownership and investment returns.
Lack of View: The property description explicitly states 'view: None,' which is a notable drawback for a downtown condominium where city or water views are often highly sought after and add significant value.
Price Adjustment History: The reduction from an original list price of $509,888 to the current $478,388 suggests potential market resistance or an initial overpricing, which could raise questions for prospective buyers.