NOT LISTED FOR SALE

Estimated Value: $2,828,018 - $3,437,000

5 Beds
4 Baths
2,326 Sq Ft
$1,302/Sq Ft Est. Value

Last Sold September 25, 2018

Last sale price $1,805,000 $776 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $17,747/month

40 Days on Market

Highlights

  • Ocean View
  • Forced Air Heating and Cooling System
  • Partially Fenced Property
  • Paul Ecke-Central Elementary Rated A

About This Home

As of September 2018

Main house: 3bed/2.5 baths w/sep work room & 3/4 bath (2440sq ft). Rntl unit 2bed/1ba w/laundry, built 2016 (660sqFt), has long-term renter. .5 Acres Main house: beautifully remodeled ($200k): bamboo floors, Travertine tile in kitchen & DR, Ocean & lagoon views, sunroom, rain curtain into pond, potters shed w/sink. Mature landscaping w/fruit trees. Lots of light! 4 separate yards. Kitchen: quartz counters, stainless steel appliances, dble oven (convection). Lots of upgrades. New central A/C! Lots-o-light! Main house is open floorpan; great for entertaining. Downstairs was approved with City for master on the main (potential). Central A/C system was installed in 2016. Now available to have sewer hooked up (City just ran out to Eolus); could then divide property into 2 separate parcels. Home has gray water capture system. Front yard is designed to be low water. Balcony off master suite. Beautiful views of the ocean & lagoon. Additional balcony off of 2nd bedroom. Furnishings in home are available for sale. Rent on rental home is $2095 (below market); market rent $2295, yard. Rental unit is landscaped for complete privacy/yard. Cannot see the rental unit from main house. Main house has been used as vacation rental. All the guests loved it. Check out our reviews. Flat roof: perfect to build roof-top deck! Neighborhoods: Encinitas Exterior: Wood/Stucco Other Fees: 0 Sewer: Septic Installed,Sewer Available,Perc Test Completed Unit # for Unit 1: 1 Unit # for Unit 2: 2 Number of Furnished Units: 1 Topography: GSL

Last Agent to Sell the Property

Elana Cohen

Beachy Keen Rentals License #01780068 Listed on: 05/01/2018

Last Buyer's Agent

JANICE GEORGE JANICE GEORGE

Coldwell Banker Realty License #01292555

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • Partially Fenced Property
  • Drip System Landscaping
  • Manual Sprinklers System

Property Views

  • Ocean
  • Panoramic

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Combination Of Heating Systems
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for sewer, water, cable TV, electricity, gas
  • Assessor Parcel Number 2541403100

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • SFR Home with Rental home

Building Details

  • Net Operating Income $85,140

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • CapRate: 4.50
  • Park Name: SFR Home with Rental home
  • Subdivision Name Other: Encinitas
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 2541403100
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • View: Ocean, Panoramic
  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Spa: No

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Combination, Forced Air
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Features: Sprinklers Drip System, Sprinklers Manual, Sprinkler System

Rental Info

  • Tenant Pays: Sewer, Water, Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 91140.00
  • Net Operating Income: 85140.00
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2024
Sold by
Walsh Denise Kathlene Turner
Bought by
Denise Turner Walsh Trust and Walsh
Current Estimated Value
$3,054,189

Purchase Details

Closed on
Jun 13, 2018
Sold by
Cohen Ed S and Nelson Priscilla D
Bought by
Walsh Denise Kathlene Turner

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,444,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 13, 2012
Closed on
Jul 20, 2012
Sold by
Chamberlin Michael B
Bought by
Cohen Ed S and Nelson Pricilla D
Seller's Agent
Mike Chamberlin
IndependentProperties.com
Buyer's Agent
Elana Cohen
Beachy Keen Rentals
List Price
$925,000
Sold Price
$909,000
Premium/Discount to List
-$16,000
-1.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.43%
Original Mortgage
$727,840
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2004
Sold by
Daily Carmen
Bought by
Chamberlin Michael B

Purchase Details

Closed on
Jun 3, 2002
Sold by
Daily Carmen
Bought by
Daily Raymond P and Daily Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.23%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 1, 1990

Purchase Details

Closed on
Jul 14, 1988

Purchase Details

Closed on
Apr 15, 1986
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
Denise Turner Walsh Trust -- None Listed On Document
Walsh Denise Kathlene Turner $1,805,000 Corinthian Title
Cohen Ed S $910,000 Stewart Title Of California
Chamberlin Michael B -- Stewart Title Of California
Chamberlin Michael B $280,100 --
Daily Raymond P -- Commonwealth Land Title Co
Daily Carmen -- Commonwealth Land Title Co
-- $347,500 --
-- $253,000 --
-- $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walsh Denise Kathlene Turner $1,444,000
Previous Owner Cohen Ed S $727,840
Previous Owner Daily Carmen $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2018 09/25/18 Sold $1,805,000 0.0% $776 / Sq Ft
06/10/2018 06/10/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $1,805,000 +98.6% $776 / Sq Ft
08/16/2012 08/16/12 Sold $909,000 -1.7% $391 / Sq Ft View Prior Sale
07/17/2012 07/17/12 Pending -- -- --
07/13/2012 07/13/12 For Sale $925,000 -- $398 / 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 $20,936 $2,013,508 $1,673,277 $340,231
2024 $20,936 $1,974,028 $1,640,468 $333,560
2023 $20,456 $1,935,322 $1,608,302 $327,020
2022 $20,048 $1,897,375 $1,576,767 $320,608
2021 $19,794 $1,860,172 $1,545,850 $314,322
2020 $19,545 $1,841,100 $1,530,000 $311,100
2019 $19,211 $1,805,000 $1,500,000 $305,000
2018 $11,452 $1,072,357 $636,675 $435,682
2017 $11,244 $1,051,332 $624,192 $427,140
2016 $9,962 $946,404 $607,051 $339,353
2015 $9,822 $932,189 $597,933 $334,256
2014 $9,631 $913,930 $586,221 $327,709
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 180022872

California Regional Multiple Listing Service (CRMLS)

APN: 254-140-31