NOT LISTED FOR SALE

132 N Mission Rd Fallbrook, CA 92028

Estimated Value: $525,000 - $745,432

3 Beds
2 Baths
1,264 Sq Ft
$489/Sq Ft Est. Value

Last Sold August 21, 2024

Last sale price $450,000 $356 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,434/month

25 Days on Market

Highlights

  • Mountain View
  • Evaporated cooling system
  • No Heating
  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of August 2024

Fantastic Development Opportunity in Downtown Fallbrook! Ideal for contractors, developers, and local families with a vision. Remodel the existing fixer home and add an ADU while still having room for your toys, or demo the house and build up to 7 units to create long-term wealth. Located in the desirable West Fallbrook subdivision (FBV5), this lot spans approximately 13,662 square feet (0.31 acres), offering ample space for various development possibilities. Whether you're looking to invest or create a dream home, don't miss this chance to be part of downtown Fallbrook's promising future!

Last Agent to Sell the Property

Javier Feria

Coast to Coast Real Estate Inv Brokerage Email: info@adu.realestate License #02125445 Listed on: 07/11/2024

Last Buyer's Agent

Shawn Shahi

People's Properties License #01294784

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1988

Lot Details

  • 0.31 Acre Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned R3

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,264 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry Chute

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Location

  • Suburban Location

Schools

  • Fallbrook High School

Utilities

  • Evaporated cooling system
  • Central Air
  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Tract Number 567
  • Assessor Parcel Number 1032611400

Home Details

Home Type

Single Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: R3
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1032611400
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1264.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 2
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 356.01
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Mountain(s), Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Laundry Chute
  • Sewer: Public Sewer
  • Cooling: Central Air, Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Schools

  • High School: Fallbrook
  • High School2: FALLBR

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13662.00
  • Lot Size Acres: 0.3136

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13662.0000 Square Feet
  • Number Of Units In Community: 99

Tax Info

  • Tax Tract Number: 000567

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Aug 12, 2024
Sold by
Jaime And Amanda Serrano Family Living T and Serrano Jaime
Bought by
Plasencia Oscar R and Dipaola Cynthia A
Seller's Agent
Javier Feria
Coast to Coast Real Estate Inv
Buyer's Agent
Shawn Shahi
People's Properties
List Price
$550,000
Sold Price
$450,000
Premium/Discount to List
-$100,000
-18.18%
Views
194
Current Estimated Value
$617,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,608
Avg. Annual Appreciation
26.21%
Original Mortgage
$150,000
Outstanding Balance
$148,309
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$469,299

Purchase Details

Closed on
Feb 25, 2021
Sold by
Serrano Jaime and Serrano Amanda
Bought by
Serrano Amanda and Serrano Jaime

Purchase Details

Closed on
Aug 8, 2001
Sold by
Moe Carter C and Moe Tracey E
Bought by
Serrano Jaime and Serrano Amanda

Purchase Details

Closed on
Feb 12, 1999
Sold by
Alchie Steven W and Alchie Colleen A
Bought by
Moe Carter C and Moe Tracey E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,500
Interest Rate
6.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 14, 1996
Sold by
Aichle Steven W and Aichle Colleen A
Bought by
Aichle Steven W and Aichle Colleen A
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
Plasencia Oscar R $450,000 Ticor Title
Serrano Amanda -- None Available
Serrano Jaime $150,000 First American Title
Moe Carter C $97,000 First American Title
Aichle Steven W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plasencia Oscar R $150,000
Previous Owner Moe Carter C $84,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2024 08/21/24 Sold $450,000 -18.0% $356 / Sq Ft
08/05/2024 08/05/24 Pending -- -- --
07/20/2024 07/20/24 Price Changed $549,000 -0.2% $434 / Sq Ft
07/11/2024 07/11/24 For Sale $550,000 -- $435 / 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 $2,379 $450,000 $400,000 $50,000
2024 $2,379 $219,908 $115,855 $104,053
2023 $2,317 $215,597 $113,584 $102,013
2022 $2,317 $211,370 $111,357 $100,013
2021 $2,245 $207,226 $109,174 $98,052
2020 $2,265 $205,102 $108,055 $97,047
2019 $2,224 $201,082 $105,937 $95,145
2018 $2,191 $197,140 $103,860 $93,280
2017 $750 $193,275 $101,824 $91,451
2016 $2,094 $189,486 $99,828 $89,658
2015 $2,054 $186,641 $98,329 $88,312
2014 $2,016 $182,986 $96,403 $86,583
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2406124

California Regional Multiple Listing Service (CRMLS)

APN: 103-261-14