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700 W Harbor Drive Th5, San Diego, California 92101, San Diego, 92101 - 3 bed, 4 bath

700 W Harbor Drive Th5, San Diego, California 92101 home-pic-0
ACTIVE$1,499,000
700 W Harbor Drive Th5, San Diego, California 92101
3Beds
4Baths
1,772Sqft
65,372Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: Situated in the prestigious Marina District of Downtown San Diego, offering immediate access to the waterfront, diverse restaurants, shopping, and the upcoming Research and Development District (RaDD).
Top Cons:
High Monthly Association Fees: The property incurs a substantial monthly association fee of $1805.0, which significantly adds to the overall cost of ownership and may deter some buyers.

Compared to the nearby listings

Price:$1.50M vs avg $1.25M (+$249,000)86%
Size:1,772 sqft vs avg 1,702 sqft57%
Price/sqft:$846 vs avg $71386%

More Insights

Built in 2004 (21 years old).
Condition: This townhouse, built in 2004, has undergone a comprehensive and recent renovation, as explicitly stated in the description and visually confirmed by the images. The kitchen features modern white shaker cabinets, light-colored countertops, a stylish geometric backsplash, and high-end stainless steel appliances (including a built-in refrigerator and gas range). Bathrooms are equally impressive with contemporary vanities, modern fixtures, and chic tile work, including a herringbone pattern in the powder room and sleek designs in the full baths. New flooring throughout, a new HVAC unit, and motorized shades further enhance its 'virtually new' condition. All components meet current quality standards with no visible deferred maintenance, aligning perfectly with an 'Excellent' rating.
Year Built
2004
Close
-
List price
$1.5M
Original List price
$1.55M
Price/Sqft
$846
HOA
$1,805
Days on market
-
Sold On
-
MLS number
250017642SD
Home ConditionExcellent
Features
Excellent View:
Deck
Pool
Spa
Patio
View-

About this home

This renovated and modern townhouse offers 3BRs/3.5BAs and 6 different outdoor spaces, totaling approximately 850 sqft of outdoor living space (not included in the 1,772 sqft of indoor living space). Park Place Townhouse #5 offers three levels of living with 3 separate entrances, making it ideal for family and friends who want privacy. This townhome is perfect for people who want all the convenience and amenities of downtown highrise living, but prefer a little more space and privacy. There is a rooftop deck with irrigation and overlooks the pool area, two additional large patios and three balconies located off the bedrooms and kitchen. Upgrades include new flooring throughout, all new countertops and faucets, a new HVAC unit, motorized shades, a renovated kitchen and so much more. Park Place is a luxury community in the prestigious Marina District of Downtown San Diego. Residents can enjoy resort-style living with concierge, 24 hr security, pool/spa, gym, lounge, board room and guest parking. Park Place is right next to the waterfront, restaurants, shopping and the new Research and Development District (RaDD) which will be the home of brand new Class A life science space and retail amenities such as Javiers and an Equinox gym.

Condition Rating
Excellent
This townhouse, built in 2004, has undergone a comprehensive and recent renovation, as explicitly stated in the description and visually confirmed by the images. The kitchen features modern white shaker cabinets, light-colored countertops, a stylish geometric backsplash, and high-end stainless steel appliances (including a built-in refrigerator and gas range). Bathrooms are equally impressive with contemporary vanities, modern fixtures, and chic tile work, including a herringbone pattern in the powder room and sleek designs in the full baths. New flooring throughout, a new HVAC unit, and motorized shades further enhance its 'virtually new' condition. All components meet current quality standards with no visible deferred maintenance, aligning perfectly with an 'Excellent' rating.
Pros & Cons

Pros

Prime Downtown Location: Situated in the prestigious Marina District of Downtown San Diego, offering immediate access to the waterfront, diverse restaurants, shopping, and the upcoming Research and Development District (RaDD).
Extensive Outdoor Living Space: Features an impressive 850 sqft of outdoor living across 6 distinct areas, including a private rooftop deck, multiple patios, and balconies, enhancing lifestyle and entertainment options.
Luxury Community Amenities: Residents benefit from resort-style living within the Park Place community, including concierge services, 24-hour security, a pool/spa, gym, lounge, board room, and guest parking.
Recent Renovations & Modern Upgrades: The townhouse boasts significant recent upgrades such as new flooring, countertops, faucets, a new HVAC unit, motorized shades, and a fully renovated kitchen, ensuring a contemporary living experience.
Unique Townhouse Design with Privacy: Offers three levels of living with three separate entrances, providing enhanced space and privacy compared to typical high-rise units, ideal for flexible living arrangements.

Cons

High Monthly Association Fees: The property incurs a substantial monthly association fee of $1805.0, which significantly adds to the overall cost of ownership and may deter some buyers.
Price Reduction History: The current list price of $1,499,000 is lower than the original list price of $1,550,000, potentially indicating a previous overpricing or market resistance that required an adjustment.
Shared Ownership & HOA Restrictions: As part of a luxury community, ownership is subject to Homeowners Association (HOA) rules and potential restrictions on property modifications or usage, common with shared amenities.

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