NOT LISTED FOR SALE

Estimated Value: $1,715,000 - $2,237,000

4 Beds
2 Baths
1,848 Sq Ft
$1,048/Sq Ft Est. Value

Last Sold September 17, 2020

Last sale price $1,120,000 $606 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $11,006/month

7 Days on Market

Highlights

  • Forced Air Heating System
  • Property is Fully Fenced
  • Wood Siding
  • Ocean Knoll Elementary School Rated A
  • Level Lot
  • 1-Story Property

About This Home

As of September 2020

Great investment opportunity! Charming turn key duplex minutes to Downtown Encinitas and beaches. Both 2 bed / 1 bath units have fenced in private front and back yards and detached 2 car garages. Good condition with new exterior paint. One unit is occupied and one is ready for a tenant. City confirmed possible to convert detached garages to ADUs for 2 additional income units.

Last Agent to Sell the Property

Wesley Besemer

Trinity Homes & Investments License #01339785 Listed on: 07/24/2020

Last Buyer's Agent

Wesley Besemer

Trinity Homes & Investments License #01339785 Listed on: 07/24/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 10,572 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot
  • Sprinklers on Timer

Parking

  • RV Potential

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $52,800

Listing and Financial Details

  • Tenant pays for trash, electricity, gas/propane
  • Assessor Parcel Number 258-271-09-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: Santa Fe Dr
  • Neighborhood: Encinitas
  • Stories: 1 Story
  • Sale Price List Price: 1.07
  • Total Stories: 1
  • Year Built: 1973
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood, Wood/Stucco
  • Fencing: Full
  • Roof: Composition

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Community: ENCINITAS

Lot Info

  • Irrigation: Automatic, Sprinklers
  • Lot Size: 7,500-10,889 SF
  • Topography: Level
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 258-271-09-00
  • Estimated Lot Sq Ft: 10572
  • Estimated Number of Acres: 0.24
  • Map Code Column: D
  • Map Code Page: 1167
  • Map Code Row: 1

Rental Info

  • Tenant Pays: Trash, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 52800
  • Gross Rent Multiplier Actual: 16.6
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Aug 13, 2020
Sold by
S C Jones Construction Inc
Bought by
Kroll Thomas A and Kroll Jennifer L
Seller's Agent
Wesley Besemer
Trinity Homes & Investments
Buyer's Agent
Wesley Besemer
Trinity Homes & Investments
List Price
$1,049,000
Sold Price
$1,120,000
Premium/Discount to List
$71,000
6.77%
Current Estimated Value
$1,875,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$755,573
Avg. Annual Appreciation
10.99%
Original Mortgage
$653,000
Outstanding Balance
$577,086
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,358,836

Purchase Details

Closed on
May 20, 2013
Sold by
Harrison Keith B and Harrison Sara S
Bought by
S C Jones Construction Inc

Purchase Details

Closed on
Feb 28, 2011
Sold by
Harrison Keith and Harrison Sara
Bought by
Harrison Keith B and Harrison Sara S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,700
Interest Rate
4.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 2007
Sold by
Harrison Keith
Bought by
Harrison Keith and Harrison Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,500
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2003
Sold by
Harrison Sara
Bought by
Harrison Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2001
Sold by
Coberly Joseph E and Coberly Jeanne C
Bought by
Coberly Joseph E

Purchase Details

Closed on
Dec 2, 1993
Sold by
Fratianni Alma
Bought by
Fratianni Alma F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,700
Interest Rate
6.97%

Purchase Details

Closed on
Oct 21, 1993
Sold by
Fratianni Alma F
Bought by
Fratianni Alma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,700
Interest Rate
6.97%

Purchase Details

Closed on
Sep 15, 1993
Sold by
Fratianni Alma F
Bought by
Fratianni Alma F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,700
Interest Rate
6.97%

Purchase Details

Closed on
Oct 21, 1983
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
Kroll Thomas A $1,120,000 Lawyers Title Company
S C Jones Construction Inc $650,000 Chicago Title Company
Harrison Keith B $237,500 Chicago Title Company
Harrison Keith -- Landamerica
Harrison Keith -- Commonwealth Land Title Co
Harrison James -- Commonwealth Land Title Co
Harrison Keith $475,000 Commonwealth Land Title Co
Coberly Joseph E -- --
Fratianni Alma F -- --
Fratianni Alma -- California Coast Title
Fratianni Alma F -- --
-- $119,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kroll Thomas A $653,000
Previous Owner Harrison Keith B $362,700
Previous Owner Harrison Keith $513,500
Previous Owner Harrison Keith $356,000
Previous Owner Fratianni Alma $53,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2020 09/17/20 Sold $1,120,000 +6.8% $606 / Sq Ft
08/01/2020 08/01/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $1,049,000 -- $568 / Sq Ft
Source: San Diego MLS

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
2025 $13,693 $1,212,322 $1,017,485 $194,837
2024 $13,693 $1,188,552 $997,535 $191,017
2023 $13,326 $1,165,248 $977,976 $187,272
2022 $13,291 $1,142,400 $958,800 $183,600
2021 $12,833 $1,120,000 $940,000 $180,000
2020 $8,698 $731,885 $559,273 $172,612
2019 $8,536 $717,535 $548,307 $169,228
2018 $8,421 $703,466 $537,556 $165,910
2017 $8,259 $689,673 $527,016 $162,657
2016 $8,057 $676,151 $516,683 $159,468
2015 $7,947 $665,995 $508,922 $157,073
2014 $7,833 $652,950 $498,953 $153,997
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200035047

San Diego MLS

APN: 258-271-09