NOT LISTED FOR SALE

1021 Neptune Ave Encinitas, CA 92024

Estimated Value: $3,126,000 - $5,495,000

4 Beds
4 Baths
2,226 Sq Ft
$1,856/Sq Ft Est. Value

Last Sold August 12, 2019

Last sale price $1,875,000 $842 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $24,467/month

29 Days on Market

Highlights

  • Ocean View
  • Paul Ecke-Central Elementary Rated A
  • Forced Air Heating System

About This Home

As of August 2019

First time ever on market! Your opportunity just showed up - 6 lots north of Beacons Beach! Large lot for Neptune, 7910SF. Duplex - Each unit 2BR/2BA, with fireplace, 1113SF each. Identical floor plans, stacked. Upstairs unit has some ocean view, bamboo floors & a more updated kitchen. Downstairs is more original. Good sized front and back yards. 3 car carport. Room to park more. Zoned R-2. Keep as investment property or build your dreams. Sold AS IS. Conservative estimate of rents. 11'x11' storage shed in rear yard. Fantastic beach location. Quick walk to Beacons Beach, 101 Eateries, Coffee Shops, Solterra Winery, Le Papagayo, on and on. Live the life you want, make your dreams come true! Neighborhoods: West of 101/Beacons Beach Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 1021 Unit # for Unit 2: 1023 Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Brenda Ball

Keller Williams Realty License #01232509 Listed on: 06/12/2019

Keller Williams Realty

Last Buyer's Agent

Gary Martin

Gary Martin, Broker License #00962104

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,469

Year Built

  • Built in 1973

Lot Details

  • 7,910 Sq Ft Lot

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 2 Units
  • Walk to beach

Listing and Financial Details

  • Assessor Parcel Number 2543020200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,469

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Park Name: Walk to beach
  • Subdivision Name Other: Leucadia
  • View: Yes
  • Zoning: R-2:MINOR
  • Property Type: Residential Income
  • Parcel Number: 2543020200
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • View: Ocean
  • Pool Private: No
  • Roof: Composition

Utilities

  • Heating: Yes
  • Appliances: Electric Water Heater
  • Heating Type: Natural Gas, Forced Air

Lot Info

  • Lot Size Sq Ft: 7910.00
  • Lot Size Acres: 0.1800

Multi Family

  • Lot Size Area: 7910.0000 Square Feet
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2019
Sold by
Avan Daniel
Bought by
Avan Daniel K and Daniel K Avan Revocable Trust
Total Days on Market
29
Current Estimated Value
$4,131,986

Purchase Details

Listed on
Jun 12, 2019
Closed on
Jul 17, 2019
Sold by
Kilpatrick Robert C and Kilpatrick Linda L
Bought by
Avan Daniel
Seller's Agent
Brenda Ball
Keller Williams Realty
Buyer's Agent
Gary Martin
Gary Martin, Broker
List Price
$2,000,000
Sold Price
$1,875,000
Premium/Discount to List
-$125,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.77%
Original Mortgage
$1,500,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 16, 2003
Sold by
Kilpatrick Robert C
Bought by
Kilpatrick Robert C and Kilpatrick Linda L

Purchase Details

Closed on
Jan 9, 1999
Sold by
Kilpatrick Robert C
Bought by
Kilpatrick Robert C

Purchase Details

Closed on
Jul 21, 1997
Sold by
Kilpatrick Ruth L
Bought by
Kilpatrick Ruth L
Source: Public Records

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Range of Values:

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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
Avan Daniel K -- None Available
Avan Daniel $1,875,000 First American Title Company
Kilpatrick Robert C -- --
Kilpatrick Robert C -- --
Kilpatrick Ruth L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daniel K Avan Revocable Trust $1,200,000
Closed Daniel K Avan Revocable Trust $900,000
Closed Daniel K Avan Revocable Trust $500,000
Closed Avan Daniel $1,500,000
Previous Owner Kilpatrick Robert C $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2019 08/12/19 Sold $1,875,000 -6.3% $842 / Sq Ft
07/11/2019 07/11/19 Pending -- -- --
06/12/2019 06/12/19 For Sale $2,000,000 -- $898 / 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 $30,469 $2,819,352 $1,886,352 $933,000
2023 $22,229 $2,052,137 $1,849,561 $202,576
2022 $20,917 $1,932,312 $1,803,492 $128,820
2021 $20,999 $1,894,425 $1,768,130 $126,295
2020 $20,676 $1,875,000 $1,750,000 $125,000
2019 $2,283 $139,340 $38,082 $101,258
2018 $2,251 $136,609 $37,336 $99,273
2017 $2,222 $133,931 $36,604 $97,327
2016 $2,173 $131,306 $35,887 $95,419
2015 $2,090 $129,334 $35,348 $93,986
2014 $2,006 $126,801 $34,656 $92,145
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 190032784

California Regional Multiple Listing Service (CRMLS)

APN: 254-302-02