NOT LISTED FOR SALE

1070 Hermes Ave Encinitas, CA 92024

Estimated Value: $1,985,000 - $2,866,000

4 Beds
4 Baths
1,900 Sq Ft
$1,329/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $2,145,000 $1,129 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $16,007/month

3 Days on Market

Highlights

  • Golf Course Community
  • Private Yard
  • Laundry Room
  • Paul Ecke-Central Elementary Rated A
  • No HOA
  • Bike Trail

About This Home

As of April 2022

Beach close duplex--Only 5 blocks to Beacons, a great surf spot.Three blocks to downtown Leucadia, where you will find new restaurants, wineries, and artisan shops. 1070 Hermes (the front unit) has been recently remodeled, including, new porcelain tile throughout, new cabinets, quartz countertops, and appliances.The bathrooms feature tile showers, new toilets, cabinets and quartz counter tops. Custom glass slider in master bedroom. New recessed lighting and contemporary ceiling fans in bedrooms. Dual pane low-e replacement windows. 1072 Hermes (the back unit) was previously the owner's unit and was completely remodeled approximately 10 years ago. It includes custom maple cabinetry throughout, tile baths, recessed lighting and many other upgrades (see photos). This unit currently includes use of a 10x14 enclosed patio. The property is professionally landscaped and both units have large backyards. Great property, well maintained. The owners have listed the adjacent property located at 1074-76 Hermes Avenue for sale and would prefer to sell both as a package, but are open to selling them individually. One water meter services both duplexes.The tenants currently share use of the garage and carports located on the 1074-76 Hemes property. Ask agent for details. Owner is a licensed Real Estate Broker.

Last Agent to Sell the Property

Rick Roberts

Rick Roberts, Broker License #01080250 Listed on: 02/17/2022

Last Buyer's Agent

Elizabeth Callaway

Compass License #00984247

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,779

Year Built

  • Built in 1960

Lot Details

  • 10,454 Sq Ft Lot
  • 1 Common Wall
  • Sprinkler System
  • Private Yard
  • Lawn
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 1,900 Sq Ft Home
  • Low Emissivity Windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 1 Open Parking Space
  • 3 Parking Spaces
  • 2 Carport Spaces

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 254-324-03-00
  • Tax Tract Number 1776
  • Assessor Parcel Number 2543240300

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Golf Course Community
  • Water Sports
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,064
  • Trash Expense $900
  • Water Sewer Expense $250
  • New Taxes Expense $25,000
  • Operating Expense $5,014
  • Gross Income $88,800
  • Net Operating Income $83,786

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,779

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 2.75
  • Price Per Unit: 1075000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 250.00
  • Zoning: R-2:MINOR MULTIPLE
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 2543240300
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Price Per Square Foot: 1128.95
  • Window Features: Low Emissivity Windows

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Sprinklers: Yes
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Stackable, Washer Hookup, Washer Included, Gas Dryer Hookup
  • Sewer: Other
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Biking, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lawn, Sprinkler System, Yard
  • Lot Size Sq Ft: 10454.40
  • Lot Size Acres: 0.2400

Multi Family

  • Gross Income: 88800.00
  • Gross Multiplier: 24.21
  • Gross Scheduled Income: 88800.00
  • Insurance Expense: 1064.00
  • Lot Size Area: 0.2400 Acres
  • Net Operating Income: 83786.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 2800.00
  • Rent Control: No
  • Total Expenses: 5014.00

Tax Info

  • New Taxes Expense: 25000.00
  • Tax Lot: 254-324-03-00
  • Tax Tract Number: 001776

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2020
Sold by
Roberts Rick and Roberts Colleen
Bought by
Roberts Rick and Roberts Colleen
Current Estimated Value
$2,524,417

Purchase Details

Closed on
Jan 3, 2018
Sold by
Roberts Rick and Roberts Colleen
Bought by
Roberts Rick and Roberts Colleen

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
Outstanding Balance
$218,632
Interest Rate
3.99%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,215,713

Purchase Details

Closed on
Aug 9, 2007
Sold by
Roberts Rick
Bought by
Roberts Rick and Roberts Colleen

Purchase Details

Closed on
Oct 5, 2004
Sold by
Roberts Rick
Bought by
Roberts Rick and Roberts Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 2, 2000
Sold by
Curtis J Tr & Good Elizabeth S Tr Moore Famil and Moore Carlton H
Bought by
Lindcom Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
8.1%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Roberts Rick -- None Available
Roberts Rick -- Accommodation
Roberts Rick -- None Available
Roberts Rick -- --
Lindcom Properties Llc $380,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roberts Rick $300,000
Closed Roberts Rick $200,000
Closed Roberts Rick $381,750
Closed Lindcom Properties Llc $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $2,145,000 -0.2% $1,129 / Sq Ft
02/20/2022 02/20/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $2,150,000 -- $1,132 / 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 $24,779 $2,231,658 $1,997,568 $234,090
2023 $24,119 $2,187,900 $1,958,400 $229,500
2022 $7,784 $647,395 $531,464 $115,931
2021 $7,546 $634,702 $521,044 $113,658
2020 $7,391 $628,195 $515,702 $112,493
2019 $7,252 $615,879 $505,591 $110,288
2018 $7,120 $603,804 $495,678 $108,126
2017 $191 $591,965 $485,959 $106,006
2016 $6,796 $580,359 $476,431 $103,928
2015 $6,647 $571,642 $469,275 $102,367
2014 $6,473 $560,445 $460,083 $100,362
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Rick Roberts

    Rick Roberts, Broker

  • E

    Buyer's Agent in 2022

    Elizabeth Callaway

    Compass

    (310) 230-5478

    3 in this area

    7 Total Sales

    Elizabeth Callaway
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2201459

California Regional Multiple Listing Service (CRMLS)

APN: 254-324-03

California San Diego County Encinitas 92024

1070 Hermes Ave, Encinitas, CA

This home is located at 1070 Hermes Ave, Encinitas, CA 92024 since 17 February 2022 and is currently estimated at $2,524,417, approximately $1,328 per square foot. This property was built in 1960. 1070 Hermes Ave is a home located in San Diego County with nearby schools including Paul Ecke-Central Elementary, Diegueno Middle School, and La Costa Canyon High School.

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

Nearby Homes