NOT LISTED FOR SALE

103 S Mercedes Rd Fallbrook, CA 92028

Estimated Value: $742,000 - $786,000

3 Beds
2 Baths
1,620 Sq Ft
$470/Sq Ft Est. Value

Last Sold November 13, 2024

Last sale price $725,000 $448 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,528/month

15 Days on Market

Highlights

  • Property is near park
  • Corner Lot
  • No HOA
  • La Paloma Elementary School Rated 9+
  • Private Yard
  • Neighborhood Views

About This Home

As of November 2024

Welcome to 103 South Mercedes Rd, a charming, turnkey home settled in a peaceful neighborhood just over a mile outside of downtown Fallbrook. The home is suited with ceramic tile floors, elegant Brazilian marble counters matching the kitchen and bathrooms, and stainless steel appliances. The property offers even more with an open floor plan boasting sizable living spaces, airy vaulted ceilings throughout, a large primary bedroom, a spacious private backyard, a finished 2-car garage with built-in cabinets, work station and overhead storage. Location is key! Whether you want to be within walking distance of schools and parks, enjoy the Avocado Festival downtown, or be minutes away from standout wineries and venues such as Vineyard 1924 and Monserate Winery, This home has all you need!

Last Agent to Sell the Property

Chris Abad

Keller Williams SanDiego Metro Brokerage Email: ChrisAbadRealEstate@gmail.com License #02068497 Listed on: 09/19/2024

Keller Williams SanDiego Metro

Last Buyer's Agent

Nereo Araujo

HomeSmart Realty West License #01370078

HomeSmart Realty West

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1995

Lot Details

  • 6,832 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Level Lot
  • Front Yard Sprinklers
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Property is zoned R-1:Single

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,620 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Family Room
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Schools

  • La Paloma Elementary School
  • James E. Potter Intermediate
  • Fallbrook High School

Utilities

  • Central Air
  • No Heating

Additional Features

  • Exterior Lighting
  • Property is near park

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Tract Number 75002
  • Assessor Parcel Number 1054454300

Home Details

Home Type

Single Family

Year Built

Built in 1995

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: R-1:Single
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1054454300
  • Year Built: 1995
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1620.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Gas Starter, Living Room, Wood Burning
  • Levels: One
  • Price Per Square Foot: 447.53
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom

Exterior Features

  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: No
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Microwave
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Schools

  • Elementary School: La Paloma
  • High School: Fallbrook
  • Middle Or Junior School: James E. Potter Intermediate
  • Elementary School #2: LAPELE
  • High School2: FALLBR

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Landscaped, Lawn, Level with Street, Level, Park Nearby, Sprinklers In Front, Yard
  • Lot Size Sq Ft: 6832.00
  • Lot Size Acres: 0.1568

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6832.0000 Square Feet
  • Number Of Units In Community: 26

Tax Info

  • Tax Tract Number: 75002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Oct 10, 2024
Sold by
Mancini Monica and Hooker Robert
Bought by
Palacios Angelica and Salgado Angelina
Seller's Agent
Chris Abad
Keller Williams SanDiego Metro
Buyer's Agent
Nereo Araujo
HomeSmart Realty West
List Price
$725,000
Sold Price
$725,000
Views
104
Current Estimated Value
$761,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,103
Avg. Annual Appreciation
4.10%
Original Mortgage
$711,868
Outstanding Balance
$704,053
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$57,050

Purchase Details

Listed on
Sep 19, 2024
Closed on
Oct 9, 2024
Sold by
Noriega Luis Alberto Crespo
Bought by
Salgado Angelina
Seller's Agent
Chris Abad
Keller Williams SanDiego Metro
Buyer's Agent
Nereo Araujo
HomeSmart Realty West
List Price
$725,000
Sold Price
$725,000
Views
104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$711,868
Outstanding Balance
$704,053
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$57,050

Purchase Details

Listed on
Jul 30, 2020
Closed on
Aug 14, 2020
Sold by
Painter Randall K and Painter Josephine J
Bought by
Hooker Robert and Mancini Monica
Seller's Agent
Serri Rowell
Real Broker
Buyer's Agent
Leo Lambert
Blackhorse Real Estate
List Price
$495,000
Sold Price
$515,000
Premium/Discount to List
$20,000
4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.50%
Original Mortgage
$489,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 1, 2013
Closed on
May 14, 2013
Sold by
Morrison June R
Bought by
Painter Randall K and Painter Josephine J
Seller's Agent
Chris Heller
eXp Realty of Southern CA
Buyer's Agent
Serri Rowell
Real Broker
List Price
$324,750
Sold Price
$324,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$268,620
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 29, 2003
Sold by
Morrison June R
Bought by
Morrison June R

Purchase Details

Closed on
Jul 12, 2002
Sold by
Ferguson Franklin Lawrence and Ferguson Dorothy Mae
Bought by
Morrison June R

Purchase Details

Closed on
Apr 24, 1996
Sold by
Keserovich Pete
Bought by
Ferguson Franklin Lawrence and Ferguson Dorothy Mae
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Palacios Angelica $725,000 Fidelity National Title
Palacios Angelica $725,000 Fidelity National Title
Salgado Angelina -- Fidelity National Title
Palacios Manuel S -- Fidelity National Title
Salgado Angelina -- Fidelity National Title
Hooker Robert $515,000 Ticor Title Company
Painter Randall K $325,000 Fidelity National Title
Morrison June R -- --
Morrison June R $300,000 Chicago Title Co
Ferguson Franklin Lawrence $180,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palacios Angelica $711,868
Closed Palacios Angelica $711,868
Previous Owner Hooker Robert $489,250
Previous Owner Painter Randall K $268,620
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2024 11/13/24 Sold $725,000 0.0% $448 / Sq Ft
10/04/2024 10/04/24 Pending -- -- --
09/19/2024 09/19/24 For Sale $725,000 +40.8% $448 / Sq Ft
09/04/2020 09/04/20 Sold $515,000 +4.0% $318 / Sq Ft View Prior Sale
08/05/2020 08/05/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $495,000 +52.4% $306 / Sq Ft
05/22/2013 05/22/13 Sold $324,750 0.0% $200 / Sq Ft View Prior Sale
04/17/2013 04/17/13 Pending -- -- --
03/01/2013 03/01/13 For Sale $324,750 -- $200 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $5,870 $725,000 $299,058 $425,942
2024 $5,870 $546,519 $225,436 $321,083
2023 $5,698 $535,804 $221,016 $314,788
2022 $5,700 $525,299 $216,683 $308,616
2021 $5,513 $515,000 $212,435 $302,565
2020 $3,926 $365,657 $150,832 $214,825
2019 $3,850 $358,488 $147,875 $210,613
2018 $3,806 $351,460 $144,976 $206,484
2017 $3,791 $344,570 $142,134 $202,436
2016 $3,696 $337,815 $139,348 $198,467
2015 $3,631 $332,741 $137,255 $195,486
2014 $3,563 $326,224 $134,567 $191,657
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2408422

California Regional Multiple Listing Service (CRMLS)

APN: 105-445-43