NOT LISTED FOR SALE

1240 Palomar Terrace Escondido, CA 92027

Midway Neighborhood

Estimated Value: $779,000 - $838,679

3 Beds
2 Baths
1,528 Sq Ft
$525/Sq Ft Est. Value

Sale Details

Date Sold: December 3, 2021

Last sale price $710,000 $465 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,022 / mo

4 Days on Market

Highlights

  • RV Access or Parking
  • Updated Kitchen
  • Private Yard
  • Gated Parking
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of December 2021

Prepared to be impressed with this superbly well maintained Mid-Century home. Completely updated, it sits on a large lot with mature trees & is situated on a tranquil cul-de-sac near the historic community of Escondido. The Floorplan encompasses 3 spacious bedrooms, 2 remodeled bathrooms, a sizable laundry room & a stylish kitchen with stainless steel appliances that flows through to the dining room & private rear patio. The list of renovations includes plumbing & electrical upgrades, new luxury vinyl plank flooring, energy efficient "cool roof," all upgraded windows, tankless water heater, newer HVAC with smart programable thermostat & newer interior & exterior light fixtures. The remodeled garage has sound dampening insulation & boasts a new roll up door & AC. It can easily serves as a music studio, an in-home business, office, homeschool, craft making, podcasting space, etc. The unique possibilities are endless. The extensively long driveway provides ample space to park an RV along with several cars. The expansive lot has room for a pool or an ADU. Let your imagination run wild with ideas. With its warm sense of community, be prepared to fall in love.

Last Agent to Sell the Property

Tanya Lewis

eXp Realty of Southern California, Inc. License #01410217 Listed on: 11/04/2021

eXp Realty of Southern California, Inc.

Last Buyer's Agent

Ryan Mires

HomeSmart Realty West License #02003275

HomeSmart Realty West

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 10,200 Sq Ft Lot
  • Cul-De-Sac
  • Property is Fully Fenced
  • Level Lot
  • Private Yard

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,528 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Area
  • Utility Room
  • Interior Storage Closet

Kitchen

  • Updated Kitchen
  • Gas Oven
  • Stove
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Gated Parking
  • RV Access or Parking

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

  • Escondido Union School District Elementary And Middle School
  • Escondido Union High School District

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Separate Water Meter
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 230-370-04-00

Home Details

Home Type

Single Family

Year Built

Built in 1956 | Remodeled

Lot Details

10,200 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Property Condition: Updated/Remodeled
  • Market Area: North County
  • Cross Street: San Pasqual Valley Rd
  • Neighborhood: Midway
  • Estimated Living Space: 1,500 to 1,999 SqFt
  • LP / Sq Ft: 424.74
  • Price Per Sq Ft: 464.66
  • SP/ Sq Ft: 464.66
  • Stories: 1 Story
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 1956
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Bathtub, Ceiling Fan, Remodeled Kitchen, Shower In Tub, Storage Space
  • Flooring: Carpet, Linoleum/Vinyl, Wood
  • Equipment Available: Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Shed(s), Washer, Gas Oven, Gas Stove, Gas Range
  • Fireplaces: 1
  • Fireplace: Fp In Living Room
  • Searchable Rooms: Bedroom Entry Level, Dining Area, Utility Room, Kitchen, Living Room, Laundry
  • Total Bedrooms: 3
  • Bedrooms: 3
  • Master Bedroom Dimensions: 12x11
  • Full Bathrooms: 2
  • Laundry Location: Laundry Room, Inside
  • Estimated Sq Ft: 1528
  • Total Bathrooms: 2

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Patio: Covered
  • Roof: Composition
  • Exclusive Use Yard: Yes

Garage/Parking

  • Parking for RV: On-Site Parking
  • Garage Details: Detached, Garage Door Opener
  • Non Garage Parking: Gated, Driveway, Driveway - Concrete
  • Parking Spaces Total: 5

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Electric, Gas
  • Security: Carbon Monoxide Detectors, Fire/Smoke Detection Sys
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Tankless
  • Heating: Forced Air Unit
  • Heating Fuel: Natural Gas
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: SOUTHEAST ESCONDIDO

Schools

  • School District URL: https://www.euhsd.org/
  • Elementary School: Escondido Union School District
  • Elementary School Website: https://eusd.org/
  • High School: Escondido Union High School District
  • Middle School Url: https://eusd.org/
  • Middle School: Escondido Union School District

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: Cul-De-Sac, Curbs, Public Street
  • Other Structures: Shed
  • Topography: Level
  • Water District: CITY OF ESCONDIDO
  • Zoning: R-1
  • Assessor Parcel Number: 230-370-04-00
  • Land Use Code: R-1
  • Estimated Lot Sq Ft: 10200
  • Water District URL: http://www.ci.escondido.ca.us/depts/pw
  • Other Structures: Shed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Nov 17, 2021
Sold by
Franklin Kathleen A
Bought by
Thorp Ian and Milke Miranda
Seller's Agent
Tanya Lewis
eXp Realty of Southern California, Inc.
Buyer's Agent
Ryan Mires
HomeSmart Realty West
List Price
$649,000
Sold Price
$710,000
Premium/Discount to List
$61,000
9.4%
Current Estimated Value
$801,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,670
Avg. Annual Appreciation
2.85%
Original Mortgage
$568,000
Outstanding Balance
$521,193
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$280,477

Purchase Details

Closed on
Feb 13, 2017
Sold by
Franklin Michael P and Franklin Kathleen A
Bought by
Franklin Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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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
Thorp Ian $710,000 Fidelity Natl Ttl San Diego
Franklin Kathleen A -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thorp Ian $568,000
Previous Owner Franklin Kathleen A $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2021 12/03/21 Sold $710,000 +9.4% $465 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $649,000 -- $425 / Sq Ft
Source: San Diego MLS

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 $8,451 $753,455 $253,791 $499,664
2024 $8,451 $738,682 $248,815 $489,867
2023 $8,260 $724,199 $243,937 $480,262
2022 $8,173 $710,000 $239,154 $470,846
2021 $1,241 $112,075 $37,751 $74,324
2020 $1,233 $110,926 $37,364 $73,562
2019 $1,202 $108,752 $36,632 $72,120
2018 $1,168 $106,620 $35,914 $70,706
2017 $42 $104,530 $35,210 $69,320
2016 $1,123 $102,481 $34,520 $67,961
2015 $1,112 $100,943 $34,002 $66,941
2014 $1,066 $98,966 $33,336 $65,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210030502

San Diego MLS

APN: 230-370-04

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