NOT LISTED FOR SALE

1229 Pepper Tree Ln Fallbrook, CA 92028

Estimated Value: $757,000 - $775,625

2 Beds
2 Baths
1,476 Sq Ft
$520/Sq Ft Est. Value

Last Sold August 06, 2024

Last sale price $725,000 $491 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,545/month

10 Days on Market

Highlights

  • Primary Bedroom Suite
  • No HOA
  • Laundry Room
  • View of Hills
  • 2 Car Attached Garage
  • Foothills

About This Home

As of August 2024

Nestled at the end of a private easement, this quaint adobe home eagerly awaits a new owner to breathe fresh life into its walls. Step through a picturesque courtyard adorned with a mature crawling wisteria, creating a stunning entrance framed by nature's beauty. This enchanting feature, nurtured over decades, adds a unique charm that is truly irreplaceable. Opportunities like this are rare, so seize the moment to transform this half-acre property into your own private oasis. With the house connected to the sewer system, adding a guesthouse is straightforward, eliminating the hassle of septic approval. The property boasts a versatile shed, perfect for tools or converting into a she-shed. A spacious outdoor covered area is ideal for entertaining on hot summer days or hire a DJ and dance the all night long! The home itself has been meticulously maintained, preserving its authentic charm. Inside, you'll find exquisite southwestern tiles, vaulted rustic wood beam ceilings, hardwood cherry floors and a grand angled fireplace that anchors the living space. The seller is relocating, making this a unique opportunity for you to make this enchanting adobe home your own. Don’t miss your chance to own a piece of southwestern charm and create a haven tailored to your dreams. Act quickly before this gem is snatched up by someone who has been waiting for this needle in a haystack!

Last Agent to Sell the Property

Virginia Gissing

RE/MAX Connections Brokerage Email: vgissing@icloud.com License #01857605 Listed on: 06/21/2024

RE/MAX Connections

Last Buyer's Agent

Olga Melnikova

Real Broker License #02024406

Real Broker

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1969

Lot Details

  • 0.54 Acre Lot
  • Wood Fence
  • Density is 2-5 Units/Acre
  • Property is zoned R-1:Single Fam-Res

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,476 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Views of Hills
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Utilities

  • Central Air
  • No Heating

Community Details

  • No Home Owners Association
  • Foothills

Listing and Financial Details

  • Tax Tract Number 75002
  • Assessor Parcel Number 1063611300

Home Details

Home Type

Single Family

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: R-1:Single Fam-Res
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1063611300
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1476.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 491.19
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Primary Suite

Exterior Features

  • View: Hills
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 23378.00
  • Lot Size Acres: 0.5367

Multi Family

  • Lease Considered: No
  • Lot Size Area: 23378.0000 Square Feet
  • Number Of Units In Community: 25

Tax Info

  • Tax Tract Number: 75002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2024
Closed on
Jul 8, 2024
Sold by
Russakoff Jonathan and Russakoff Stacy
Bought by
Demydov Dmytro and Demydova Liudmyla
Seller's Agent
Virginia Gissing
RE/MAX Connections
Buyer's Agent
Olga Melnikova
Real Broker
List Price
$725,000
Sold Price
$725,000
Views
71
Current Estimated Value
$767,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,906
Avg. Annual Appreciation
4.22%
Original Mortgage
$515,000
Outstanding Balance
$508,694
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$259,212

Purchase Details

Listed on
Jun 21, 2020
Closed on
Jul 10, 2020
Sold by
Bates Kevin N and Bates Kelly
Bought by
Russakoff Jonathan and Russakoff Stacy
Seller's Agent
Vicki Robertson
North San Diego County Association of REALTORS(r)
Buyer's Agent
Joe L Batto
Berkshire Hathaway HomeServices Drysdale Prop
List Price
$549,000
Sold Price
$549,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%
Original Mortgage
$521,550
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2010
Sold by
Cook Geoffrey M and Cook Gaile D
Bought by
Bates Kevin N and Bates Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,028
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 24, 2001
Sold by
Manning Gerald R and Manning Donna L
Bought by
Cook Geoffrey M and Cook Galle D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
6.73%

Purchase Details

Closed on
Jun 10, 1988
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Demydov Dmytro $725,000 Ticor Title
Russakoff Jonathan $549,000 Ticor Title
Bates Kevin N $275,000 Equity Title Company
Cook Geoffrey M $310,000 United Title Company
-- $133,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demydov Dmytro $515,000
Previous Owner Russakoff Jonathan $521,550
Previous Owner Bates Kevin N $268,028
Previous Owner Cook Geoffrey M $274,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/06/2024 08/06/24 Sold $725,000 0.0% $491 / Sq Ft
07/02/2024 07/02/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $725,000 +32.1% $491 / Sq Ft
08/04/2020 08/04/20 Sold $549,000 0.0% $372 / Sq Ft View Prior Sale
07/03/2020 07/03/20 Pending -- -- --
06/21/2020 06/21/20 For Sale $549,000 -- $372 / 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
2025 $6,254 $725,000 $437,637 $287,363
2024 $6,254 $582,600 $351,679 $230,921
2023 $6,069 $571,178 $344,784 $226,394
2022 $6,072 $559,979 $338,024 $221,955
2021 $5,867 $549,000 $331,397 $217,603
2020 $3,445 $322,147 $194,460 $127,687
2019 $3,376 $315,832 $190,648 $125,184
2018 $3,323 $309,640 $186,910 $122,730
2017 $750 $303,570 $183,246 $120,324
2016 $3,173 $297,618 $179,653 $117,965
2015 $3,122 $293,149 $176,955 $116,194
2014 $3,062 $287,407 $173,489 $113,918
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2405254

California Regional Multiple Listing Service (CRMLS)

APN: 106-361-13