NOT LISTED FOR SALE

1020 Barrett Lake Rd Dulzura, CA 91917

Estimated Value: $1,302,980

-- Bed
-- Bath
574,120 Sq Ft
$2/Sq Ft Est. Value

Last Sold March 05, 2021

Last sale price $970,000 $2 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $8,059/month

89 Days on Market

Highlights

  • 13.18 Acre Lot
  • Valhalla High Rated A
  • Laundry Room

About This Home

As of March 2021

Beautiful property with so much potencial here! For sale are TWO parcels, 652-020-10-00 & 652-020-1100. FIRST parcel Consist of 3.96 acres with a 3 bedroom 2 bath home currently rented for $1680 Monthly, a 1 bedroom currently rented for $700, a 1 bedroom that was rented for $800 monthly, 2 vacant studios, and a well established restaurant, THE BARRETT JUNCTION CAFE, Temporarily closed due to Covid. Restaurant has a current 47 liquor license that conveys. Restaurant was on its 20 year anniversary in 2020. It has been popular local and destination outing place known for its "Endless Fish Fry". Many car, bike, hiking... Clubs sought out this restaurant for their events year after year! Someone with a vision can bring this Restaurant back to par! ALL health, business & liquor licenses are up to date. Two wells on this parcel and 1000 gallon poly septic. SECOND Parcel consist of 9.22 acres that is currently being rented to SDGE for $3160 a month. This parcel has Two Wells and a septic. Wells have TWO 10,000 water containers used to sell water to Cal fire, water trucks, construction sites when needed. So much potential on this property. Current Total income now is $5400 without counting temporarily closed restaurant and 3 current vacant homes. Property is located 10 minutes from Tecate border and 20 minutes to Jamul. ADDRESS IS 1020 BARRETT LAKE ROAD & HIGHWAY 94 FOR BOTH PARCELS. BEING SOLD TOGETHER WITH RESTAURANT BUSINESS, 5 HOMES, AND APPROX 13.18 ACRES. Buyer to verify all zoning, sizes, condition, expenses, future potential for these properties with county of San Diego.

Last Agent to Sell the Property

Lilly Chavez

Meta Homes Realty Inc License #01088116 Listed on: 11/28/2020

Co-Listed By

Bertha Llamas

Coldwell Banker West License #00869061

Last Buyer's Agent

Larry Knapp

Larry Knapp Real Estate License #00352613

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,099

Year Built

  • Built in 1920

Lot Details

  • 13.18 Acre Lot
  • No Common Walls
  • Rural Setting
  • Density is 11-15 Units/Acre
  • 652-020-11-00

Home Design

  • 574,120 Sq Ft Home

Laundry

  • Laundry Room

Utilities

  • Shared Well
  • Shared Septic

Listing and Financial Details

  • Tax Lot 79
  • Tax Tract Number 79
  • Assessor Parcel Number 6520201000

Community Details

Overview

  • 6 Buildings
  • 6 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $200
  • Water Sewer Expense $1,600
  • New Taxes Expense $10,300
  • Operating Expense $2,000
  • Gross Income $66,480
  • Net Operating Income $5,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,099

Year Built

Built in 1920

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Property Attached: No
  • Water Sewer Expenses: 1600.00
  • Zoning: c-36
  • Property Type: Residential Income
  • Parcel Number: 6520201000
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 1.69

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Shared Septic
  • Trash Expense: 200.00
  • Water Source: Shared Well

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 652-020-11-00
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 574120.80
  • Lot Size Acres: 13.1800

Multi Family

  • Gross Income: 66480.00
  • Gross Scheduled Income: 65760.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 574120.8000 Square Feet
  • Net Operating Income: 5540.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 6
  • Operating Expense: 8206.00
  • Rent Control: Yes
  • Total Expenses: 2000.00

Tax Info

  • New Taxes Expense: 10300.00
  • Tax Lot: 79
  • Tax Tract Number: 79-008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2020
Closed on
Feb 3, 2021
Sold by
Herzog Leon Spencer and Herzog Christine M
Bought by
Nd Daniels Investments Llc
Seller's Agent
Lilly Chavez
Meta Homes Realty Inc
Buyer's Agent
Lilly Chavez
Meta Homes Realty Inc
List Price
$1,299,000
Sold Price
$970,000
Premium/Discount to List
-$329,000
-25.33%
Current Estimated Value
$1,302,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,980
Avg. Annual Appreciation
7.02%
Original Mortgage
$200,000
Outstanding Balance
$180,908
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$1,122,072

Purchase Details

Closed on
Jan 20, 2000
Sold by
Stephens Phillip Vest
Bought by
Stephens Catherine

Purchase Details

Closed on
Aug 27, 1999
Sold by
Stephens Catherine
Bought by
Herzog Leon Spencer and Herzog Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 1997
Sold by
Avril Noma V 1996 Inter Vivos Trust and Catherine
Bought by
Stephens Catherine

Purchase Details

Closed on
Sep 10, 1996
Sold by
Avril Noma V
Bought by
Avril Noma
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nd Daniels Investments Llc $970,000 Ticor Title Co San Diego
Stephens Catherine -- United Title Company
Herzog Leon Spencer $275,000 United Title Company
Stephens Catherine -- --
Avril Noma -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nd Daniels Investments Llc $200,000
Previous Owner Herzog Leon Spencer $254,600
Previous Owner Herzog Leon Spencer $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2021 03/05/21 Sold $970,000 -25.3% $2 / Sq Ft
11/28/2020 11/28/20 For Sale $1,299,000 -- $2 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,099 $838,353 $519,991 $318,362
2023 $9,928 $821,916 $509,796 $312,120
2022 $9,683 $805,800 $499,800 $306,000
2021 $3,611 $291,068 $63,887 $227,181
2020 $3,593 $288,084 $63,232 $224,852
2019 $3,563 $282,437 $61,993 $220,444
2018 $3,498 $276,900 $60,778 $216,122
2017 $790 $271,472 $59,587 $211,885
2016 $3,335 $266,150 $58,419 $207,731
2015 $3,300 $262,153 $57,542 $204,611
2014 $3,181 $257,018 $56,415 $200,603
Source: Public Records

Agents Affiliated with this Home

  • Lilly Chavez

    Seller's Agent in 2021

    Lilly Chavez

    Meta Homes Realty Inc

    (619) 454-7656

    66 Total Sales

    Lilly Chavez
    Section Image
  • Bertha Llamas

    Seller Co-Listing Agent in 2021

    Bertha Llamas

    Coldwell Banker West

    (619) 520-7070

    29 Total Sales

    Bertha Llamas
    Section Image

  • L

    Buyer's Agent in 2021

    Larry Knapp

    Larry Knapp Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2001740

California Regional Multiple Listing Service (CRMLS)

APN: 652-020-10

California San Diego County Dulzura 91917

1020 Barrett Lake Rd, Dulzura, CA

This home is located at 1020 Barrett Lake Rd, Dulzura, CA 91917 since 28 November 2020 and is currently estimated at $1,302,980, approximately $2 per square foot. This property was built in 1920. 1020 Barrett Lake Rd is a home located in San Diego County with nearby schools including Jamul Primary School, Oak Grove Middle School, and Valhalla High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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