Score
0San Diego, CA
5704 Elk St
715K
3 beds
2 baths
1,584 sqft
3 bd • 2 ba • 1,584 sf
This analysis was generated on 2/19/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$715,000
Price/Sq.Ft
$451
Year Built
1953
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Downtown Views: The property offers scenic views of downtown San Diego, adding aesthetic value and appeal. Homes with downtown views in this area typically command a 3-5% premium.
• Central Location: The home's central location provides convenient access to downtown San Diego, local amenities, and major transportation routes. This location offers a good commute time to major employment centers.
• Manicured Backyard: The well-maintained backyard offers a private outdoor space suitable for relaxation, gardening, and entertaining. Professional landscaping costs in San Diego range from $5,000 to $10,000.
• Minimal Climate Risks: The property has minimal flood and fire risks (both 1/10), reducing potential insurance costs and environmental concerns. The average flood insurance premium in San Diego is $800-$1,200 per year, which is not critical for this property.
The Bad
• Original Condition: The home's original 1950s condition may require extensive renovations, including updating electrical, plumbing, and HVAC systems. Homes of this age often have outdated or inefficient systems that don't meet current standards. Updating the 1584 sq ft home with new HVAC could cost $5,000-$8,000.
• Limited Bathroom Facilities: With only 1.5 bathrooms, the property may not be ideal for larger families or those who prefer more bathroom space. The addition of a full bathroom can easily cost $15,000-$30,000.
• School Ratings: The nearby schools have mixed ratings (Valencia Park Elementary 6/10, Knox Middle 4/10, Lincoln High 4/10), which may be a concern for buyers with school-aged children. Homes in neighborhoods with higher-rated schools often command a 5-10% price premium in San Diego.
The Ugly
• Asbestos and Lead Paint: Homes built in the 1950s may contain asbestos and lead-based paint, requiring professional testing and remediation. Asbestos removal can cost $3,000-$8,000, while lead paint abatement can range from $4,000-$10,000.
• Foundation Issues: Older homes are prone to foundation problems, which can be expensive to repair. Foundation repairs can range from $5,000 to $20,000 or more, depending on the severity of the damage.
• High Property Taxes: San Diego's high property taxes can significantly increase the overall cost of ownership. With a purchase price of $715,000, the annual property taxes could be approximately $7,150 (1% of assessed value), or about $596 per month.
• Limited Off-Street Parking: While the property has a 2-car garage, additional off-street parking may be limited, potentially causing inconvenience for residents and guests. The cost to add a parking spot could be $2,000-$5,000.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers Seeking a Project Home: The property offers a canvas for renovation and modernization while retaining its original 1950s charm.
• Individuals Interested in Central San Diego Living: Its central location provides convenient access to downtown San Diego, local amenities, and cultural attractions.
• Buyers Appreciating a Manicured Outdoor Space: The well-maintained backyard offers a private oasis suitable for relaxation and outdoor gatherings.
• Individuals Comfortable with Moderate Climate Risks: The property's minimal flood and fire risks, along with moderate air quality and heat risks, appeal to those who prefer lower environmental concerns.
Not For
• Buyers Seeking a Move-In Ready Home: The property's original condition may require significant renovations to meet modern standards.
• Individuals Prioritizing Top-Rated Schools: The nearby schools have mixed ratings, which may not be suitable for buyers with high educational expectations.
• Buyers Sensitive to Air Quality and Heat: The moderate air quality and heat risks may deter those with health concerns or preferences for milder climates.
• Individuals Seeking a Low-Maintenance Property: The home's age and original features may require ongoing maintenance and repairs.
Demographics
Area Median Income
$79,917
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jul 7, 2022Matthew Cook Sr, Grace J CookEvon C Cox, Cook Family Trust
Correction Deed
Non-Arm's Length Transactions
$0Cash Purchase
Jul 12, 2006Matthew Cook Sr, Grace J CookEvone C Cox, Cook Family Trust
Quit Claim Deed
Non-Arm's Length Transactions
$0Cash Purchase
Aug 15, 1994Va, Veterans Welfare BoardMatthew Cook, Grace J Cook
Grant Deed
Non-Residential Arm's Length Transactions
Property Taxes
$819
2024 Tax Assessment
2.6%from previous year
Assessed Value$70,829
Tax Rate1.16%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
4.0/10
AverageHigh
4.0/10
AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,714
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$715,000
Price/sqft
$451
Layout
3 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$718,000
0.4%
Your price is 0.4% below average
Median Price
$750,000
4.7%
Based on 6 recent sales
Price per Sq.Ft
$482
6.4%
Your price is 6.4% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 878 Plaza Taxco, Encanto, CA 92114 | $896,000 | 1,469 | 4 | 2 | $61035.1% | 11/7/2024 |
| 496 66th St, Encanto, CA 92114 | $570,000 | 1,560 | 3 | 2 | $36519.1% | 10/11/2024 |
| 329 Santa Rosalia Drive, San Diego, CA 92114 | $607,000 | 1,503 | 4 | 2 | $40410.5% | 10/24/2024 |
| 4905 Wyconda Ln, Logan Heights, CA 92113 | $785,000 | 1,723 | 4 | 2 | $4560.9% | 10/28/2024 |
| 5166 Coban St, Encanto, CA 92114 | $700,000 | 1,298 | 3 | 2 | $53919.5% | 10/17/2024 |
| 4872 Bunnell Street, San Diego, CA 92113 | $750,000 | 1,445 | 3 | 2 | $51915.0% | 9/5/2024 |
878 Plaza Taxco, Encanto, CA 92114
Price: $896,000
Sq.Ft: 1,469
Beds/Baths: 4/2
$/Sq.Ft:
$61035.1%
Sale Date: 11/7/2024
496 66th St, Encanto, CA 92114
Price: $570,000
Sq.Ft: 1,560
Beds/Baths: 3/2
$/Sq.Ft:
$36519.1%
Sale Date: 10/11/2024
329 Santa Rosalia Drive, San Diego, CA 92114
Price: $607,000
Sq.Ft: 1,503
Beds/Baths: 4/2
$/Sq.Ft:
$40410.5%
Sale Date: 10/24/2024
4905 Wyconda Ln, Logan Heights, CA 92113
Price: $785,000
Sq.Ft: 1,723
Beds/Baths: 4/2
$/Sq.Ft:
$4560.9%
Sale Date: 10/28/2024
5166 Coban St, Encanto, CA 92114
Price: $700,000
Sq.Ft: 1,298
Beds/Baths: 3/2
$/Sq.Ft:
$53919.5%
Sale Date: 10/17/2024
4872 Bunnell Street, San Diego, CA 92113
Price: $750,000
Sq.Ft: 1,445
Beds/Baths: 3/2
$/Sq.Ft:
$51915.0%
Sale Date: 9/5/2024
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