550 Park Blvd 2501, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath

550 Park Blvd 2501, San Diego, California 92101 home-pic-0
ACTIVE$529,995
550 Park Blvd 2501, San Diego, California 92101
1Bed
1Bath
810Sqft
38,864Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Urban Location: Situated in the highly sought-after East Village, offering immediate access to Petco Park, Gaslamp Quarter, and vibrant downtown amenities.
Top Cons:
High Monthly Association Fee: The $612.0 HOA fee is substantial for a 1-bedroom unit, adding significantly to monthly housing costs.

Compared to the nearby listings

Price:$530.0K vs avg $692.5K ($-162,505)31%
Size:810 sqft vs avg 1,046 sqft33%
Price/sqft:$654 vs avg $69436%

More Insights

Built in 2004 (21 years old).
Condition: Built in 2004, this condo falls within the 10-20 year age range for a 'Good' rating. The property has been recently updated with fresh interior paint, newer flooring, granite countertops, and stainless steel appliances in the kitchen, making it move-in ready with modern finishes. The bathroom condition is implied to be good given the overall updates. All major systems appear functional and well-maintained.
Year Built
2004
Close
-
List price
$530K
Original List price
$540K
Price/Sqft
$654
HOA
$612
Days on market
-
Sold On
-
MLS number
250023543SD
Home ConditionGood
Features
Good View: Courtyard
Spa
ViewCourtyard

About this home

Located in the highly sought-after Park Blvd West building in East Village, this spacious 1-bedroom, 1-bathroom condo offers 810 sq. ft. of living space and features an interior courtyard location on the fifth floor for a peaceful and private atmosphere. Enjoy a private balcony with city skyline views, perfect for outdoor dining and relaxation. Park Terrace has attractive financing opportunities that include the possibility for VA and FHA financing. This home comes with a 2-1 Rate buydown, reducing the buyers interest rate by 2% for the first year of their loan and 1% the second year. Additionally, this condominium and its association’s financials have been reviewed by the Scott Evans Team, and may be eligible for a down payment as little as 0% down for a VA loan or 5% down conventional loan. Buyers are not required to use the Scott Evans Team at CrossCountry Mortgage NMLS 256163 for offer to be accepted. However Buyers must use Scott Evans to receive the buydown. The condo has been updated with fresh interior paint, newer flooring, granite countertops, stainless steel appliances, and an in-unit washer/dryer. A large walk-in closet provides ample storage space, and the building offers Google Fiber Webpass for fast internet. Additional amenities include a community spa, secure controlled access, gated parking garage, rentable storage rooms, and guest parking. This home is ideal for urban dwellers with its proximity to Petco Park, Gaslamp Quarter.

Nearby schools

5/10
Sherman Elementary School
Public,K-50.6mi
3/10
Burbank Elementary School
Public,K-51.1mi
5/10
Washington Elementary School
Public,K-51.2mi
6/10
Jefferson Elementary School
Public,K-52.8mi
3/10
Perkins Elementary School
Public,K-80.8mi
3/10
Memorial Scholars & Athletes School
Public,6-81.6mi
4/10
Golden Hill K-8
Public,K-81.9mi
5/10
Roosevelt International Middle School
Public,6-82.1mi
Condition Rating
Good

Built in 2004, this condo falls within the 10-20 year age range for a 'Good' rating. The property has been recently updated with fresh interior paint, newer flooring, granite countertops, and stainless steel appliances in the kitchen, making it move-in ready with modern finishes. The bathroom condition is implied to be good given the overall updates. All major systems appear functional and well-maintained.
Pros & Cons

Pros

Exceptional Urban Location: Situated in the highly sought-after East Village, offering immediate access to Petco Park, Gaslamp Quarter, and vibrant downtown amenities.
Attractive Financing Opportunities: Features VA/FHA eligibility, potential low down payment options (0% VA, 5% conventional), and a significant 2-1 rate buydown incentive.
Updated & Move-in Ready Interior: Recently updated with fresh paint, newer flooring, granite countertops, stainless steel appliances, and an in-unit washer/dryer.
Robust Building Amenities: Provides a community spa, secure controlled access, gated parking, guest parking, rentable storage, and high-speed Google Fiber Webpass.
Peaceful Setting with City Views: Benefits from an interior courtyard location for tranquility, complemented by city skyline views from a private balcony.

Cons

High Monthly Association Fee: The $612.0 HOA fee is substantial for a 1-bedroom unit, adding significantly to monthly housing costs.
Single Bedroom Configuration: As a 1-bedroom unit, it caters to a narrower demographic, primarily singles or couples, limiting its long-term versatility for growing households.
Conditional Rate Buydown: The attractive 2-1 rate buydown is contingent upon using a specific lender, potentially restricting buyer choice and negotiation leverage.

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