NOT LISTED FOR SALE

1403 Rainbow Ridge Ln Encinitas, CA 92024

Estimated Value: $1,190,000 - $3,359,000

5 Beds
3.5 Baths
3,450 Sq Ft
$725/Sq Ft Est. Value

Last Sold August 11, 2020

Last sale price $2,300,000 $667 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $18,874/month

153 Days on Market

Highlights

  • Ocean View
  • 0.98 Acre Lot
  • Bonus Room
  • Capri Elementary School Rated A
  • Family Room with Fireplace
  • Home Office

About This Home

As of August 2020

Easy to show; video showings available! Fully custom single-level stunner situated in the best neighborhood in Encinitas w/ OCEAN & eastern mountain views!! Finished in 2015, this amazing McCullough Design Dev. home offers the finest finishes throughout & quality craftsmanship from floor to ceiling. Entertain & dine al-fresco in the gorgeous backyard complete w/ fire pit, fountain, gardens & fireplace or relax & unwind as you watch the sunset from your kitchen. Close to beach, golf, schools & shopping. Situated on a large elevated lot featuring almost an acre of land, this 4BD +office/3.5BA estate offers plantation shutters & beautiful 100 year-old eastern oak hardwood floors throughout. The open kitchen features Wolf double ovens, built-in Sub Zero refrigeration, Fisher & Pykel dual dishwashers, wine storage cooler & spacious walk-in pantry. Other exclusive features of this amazing home include: a whole house water filtration system, alarm system, fire sprinklers, sound system for kitchen, dining room, living room & California room, dual zone AC as well as full backyard fencing. The family room is framed with beautiful glass sliding doors which open up to the spacious backyard making for the best of indoor/outdoor living. Nothing is missing in this gorgeous jewel.

Last Agent to Sell the Property

Eric Iantorno

Compass License #01256501 Listed on: 01/10/2020

Compass

Co-Listed By

Pilar Meza

Compass License #01952399

Last Buyer's Agent

Colin Robertson

Coldwell Banker Realty License #01908451

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,116

Year Built

  • Built in 2015

Lot Details

  • 0.98 Acre Lot
  • Property is Fully Fenced
  • Gentle Sloping Lot

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Ocean
  • Mountain

Home Design

  • Clay Roof
  • Stucco Exterior

Interior Spaces

  • 3,450 Sq Ft Home
  • 1-Story Property
  • Entryway
  • Family Room with Fireplace
  • 3 Fireplaces
  • Great Room
  • Family Room Off Kitchen
  • Living Room
  • Dining Area
  • Home Office
  • Library
  • Bonus Room
  • Fire Sprinkler System

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Double Oven
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Outdoor Fireplace
  • Fire Pit
  • Shed
  • Outdoor Grill

Utilities

  • Zoned Cooling
  • Separate Water Meter
  • Water Filtration System

Listing and Financial Details

  • Assessor Parcel Number 254-181-24-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,116

Year Built

Built in 2015

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: Coastal North
  • Cross Street: Capri Rd
  • Neighborhood: Leucadia
  • Supplement: Situated on a large elevated lot featuring almost an acre of land, this 4BD +office/3.5BA estate offers plantation shutters & beautiful 100 year-old eastern oak hardwood floors throughout. The open kitchen features Wolf double ovens, built-in Sub Zero refrigeration, Fisher & Pykel dual dishwashers, wine storage cooler & spacious walk-in pantry. Other exclusive features of this amazing home include: a whole house water filtration system, alarm system, fire sprinklers, sound system for kitchen, dining room, living room & California room, dual zone AC as well as full backyard fencing. The family room is framed with beautiful glass sliding doors which open up to the spacious backyard making for the best of indoor/outdoor living. Nothing is missing in this gorgeous jewel.
  • LP / Sq Ft: 753.33
  • Price Per Sq Ft: 666.67
  • SP/ Sq Ft: 666.67
  • Stories: 1 Story
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 2015
  • 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

  • Equipment Available: Dishwasher, Disposal, Garage Door Opener, Range/Oven, Refrigerator, Shed(s), Water Filtration, Double Oven, Range/Stove Hood, Barbecue
  • Fireplaces: 3
  • Fireplace: Fp In Family Room, Patio/Outdoors, Fire Pit
  • Searchable Rooms: Bedroom Entry Level, Bonus Room, Breakfast Area, Dining Area, Family Room, Great Room, Library, MBR Entry Level, Office, Optional Bedrooms, Kitchen, Living Room, Master Bedroom, All Bedrooms Down, Entry, Family Kitchen, Laundry, Master Bathroom, Walk-In Closet, Walk-In Pantry
  • Total Bedrooms: 5
  • Bedrooms: 4
  • Master Bedroom Dimensions: 17X16
  • Optional Bedrooms: 1
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 3450
  • Total Bathrooms: 4

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Tile/Clay
  • View: Mountains/Hills, Ocean

Garage/Parking

  • Garage Details: Attached
  • Garage Spaces: 3
  • Non Garage Parking: Driveway
  • Garage Spaces: 4
  • Parking Spaces Total: 7

Utilities

  • Cooling: Central Forced Air, Dual
  • Laundry Utilities: Gas
  • Security: Fire Sprinklers
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Forced Air Unit
  • Heating Fuel: Natural Gas

Condo/Co-op/Association

  • Community: LEUCADIA

Lot Info

  • Lot Size: .5 to 1 AC
  • Topography: Slope Gentle
  • Assessor Parcel Number: 254-181-24-00
  • Estimated Lot Sq Ft: 42688
  • Estimated Number of Acres: 0.98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2020
Closed on
Jun 18, 2020
Sold by
Palmer Christopher Richard and Palmer Thea Marie
Bought by
Mckenzie Kenneth and Mckenzie Taylor
Seller's Agent
Eric Iantorno
Compass
Buyer's Agent
Colin Robertson
Coldwell Banker Realty
List Price
$2,599,000
Sold Price
$2,300,000
Premium/Discount to List
-$299,000
-11.5%
Current Estimated Value
$2,963,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$663,000
Avg. Annual Appreciation
6.48%
Original Mortgage
$2,382,800
Interest Rate
3.1%
Mortgage Type
VA

Purchase Details

Closed on
Mar 11, 2014
Sold by
Mccoullough Design & Development Inc
Bought by
Palmer Christopher Richard and Palmer Thea Marie

Purchase Details

Closed on
Mar 12, 2013
Sold by
Rainbow Ridge Estates Llc
Bought by
Mccullough Design & Development Inc

Purchase Details

Closed on
Dec 20, 2007
Sold by
Holland Lawrence W and Holland Jill B
Bought by
Rainbow Ridge Estates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,245,000
Interest Rate
6.05%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Mckenzie Kenneth $2,300,000 Guardian Title Company
Palmer Christopher Richard $750,000 Chicago Title Company
Mccullough Design & Development Inc $1,637,500 Chicago Title Company
Rainbow Ridge Estates Llc -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckenzie Revocable Living Trus $400,000
Previous Owner Mckenzie Kenneth $2,382,800
Previous Owner Palmer Christopher Richard $125,000
Previous Owner Palmer Christopher Richard $505,000
Previous Owner Palmer Christopher Richard $750,000
Previous Owner Rainbow Ridge Estates Llc $1,768,000
Previous Owner Rainbow Ridge Estates Llc $1,245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2020 08/11/20 Sold $2,300,000 -11.5% $667 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $2,599,000 -- $753 / 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 $30,116 $2,815,530 $1,631,971 $1,183,559
2024 $30,116 $2,760,324 $1,599,972 $1,160,352
2023 $27,869 $2,566,200 $1,568,600 $997,600
2022 $26,138 $2,410,000 $1,530,000 $880,000
2021 $24,802 $2,300,000 $1,500,000 $800,000
2020 $17,276 $1,598,372 $862,319 $736,053
2019 $16,923 $1,567,032 $845,411 $721,621
2018 $16,592 $1,536,307 $828,835 $707,472
2017 $16,296 $1,506,184 $812,584 $693,600
2016 $15,777 $1,476,651 $796,651 $680,000
2015 $8,346 $764,985 $764,985 $0
2014 $7,881 $723,265 $723,265 $0
Source: Public Records

Agents Affiliated with this Home

  • Eric Iantorno

    Seller's Agent in 2020

    Eric Iantorno

    Compass

    (858) 334-3577

    23 in this area

    181 Total Sales

    Section Image
  • Pilar Meza

    Seller Co-Listing Agent in 2020

    Pilar Meza

    Compass

    (619) 353-5828

    14 in this area

    124 Total Sales

    Section Image
  • Colin Robertson

    Buyer's Agent in 2020

    Colin Robertson

    Coldwell Banker Realty

    (858) 848-4202

    1 in this area

    28 Total Sales

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Map

Source: San Diego MLS

MLS Number: 200001712

San Diego MLS

APN: 254-181-24

California San Diego County Encinitas 92024

1403 Rainbow Ridge Ln, Encinitas, CA

This home is located at 1403 Rainbow Ridge Ln, Encinitas, CA 92024 since 10 January 2020 and is currently estimated at $2,502,667, approximately $725 per square foot. This property was built in 2015. 1403 Rainbow Ridge Ln is a home located in San Diego County with nearby schools including Capri Elementary School, Diegueno Middle School, and La Costa Canyon High School.

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