NOT LISTED FOR SALE

1648 Neptune Ave Encinitas, CA 92024

Estimated Value: $2,766,000 - $6,351,000

4 Beds
2 Baths
3,264 Sq Ft
$1,187/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $4,100,000 $1,256 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $23,321/month

42 Days on Market

Highlights

  • Ocean View
  • Concrete Porch or Patio
  • Tile Flooring
  • Paul Ecke-Central Elementary Rated A
  • Laundry Room
  • Forced Air Heating System

About This Home

As of August 2020

Unique and fantastic oceanfront opportunity in Leucadia -- Endless white and blue water views! (NOTE: Sold together with 1646 Neptune for combined $4,395,000 list price) Boundless options - 1. Open dividing wall to create your new dream estate on the bluff; 2. Keep as 2 units for a prime investment property; 3. Zoned R-2, so may be possible to add 2 ADUs per new Calif state laws; 4. Create dream estate, plus add 1 ADU. Private stairs to the beach; Both sides have same interior room configurations.. Neighborhoods: Beach Architectural Style: Custom Built View: Custom Built Other Fees: 0 Sewer: Sewer Connected Frontage: Ocean/Bluff, Ocean/Sand

Last Agent to Sell the Property

Dave Baker

Vista Ridge Investment Group License #01413821 Listed on: 05/20/2020

Last Buyer's Agent

Eric Iantorno

Pacific Sotheby's International Realty License #01256501

Pacific Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,103

Year Built

  • Built in 1975

Lot Details

  • 10,321 Sq Ft Lot
  • Partially Fenced Property
  • Property is zoned R-2

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • City Lights

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,264 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Electric Cooktop

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Concrete Porch or Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2540402901

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,103

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Leucadia
  • View: Yes
  • Zoning: R-2
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2540402901
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3264.00
  • Stories: 2
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 1256.13

Exterior Features

  • Patio: Yes
  • View: Ocean, Panoramic, Coastline, City Lights
  • Fence: Yes
  • Fencing: Partial
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Water Heater, Electric Range, Electric Cooktop
  • Heating Type: Natural Gas, Forced Air
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Individual Room

Lot Info

  • Lot Size Sq Ft: 10321.00

Multi Family

  • Lot Size Area: 10321.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2020
Closed on
Jul 22, 2020
Sold by
Cotter Thomas P and Cotter Christine M
Bought by
Hall Christopher Martin and Tomlinson Douglass Whitney
Seller's Agent
Dave Baker
Vista Ridge Investment Group
Buyer's Agent
Eric Iantorno
Pacific Sotheby's International Realty
List Price
$4,395,000
Sold Price
$4,100,000
Premium/Discount to List
-$295,000
-6.71%
Total Days on Market
42
Current Estimated Value
$3,874,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$225,880
Avg. Annual Appreciation
-0.57%
Original Mortgage
$2,000,000
Outstanding Balance
$1,789,369
Interest Rate
2.85%
Mortgage Type
New Conventional
Estimated Equity
$2,197,284

Purchase Details

Closed on
Nov 14, 2017
Sold by
Jaehnig Elizabeth C
Bought by
The Jaehnig Family Trust

Purchase Details

Closed on
Jun 12, 2009
Sold by
Cotter Marie T
Bought by
Cotter Marie T

Purchase Details

Closed on
Oct 1, 1999
Sold by
Fell Janet
Bought by
Joseph Robert H and Patton Katherine A
Source: Public Records

Range of Values:

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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
Hall Christopher Martin $4,100,000 Fidelity National Title
The Jaehnig Family Trust -- None Available
Cotter Marie T -- None Available
Joseph Robert H -- Gateway Title Company
Patton Katherine A -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Christopher Martin $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2020 08/17/20 Sold $4,100,000 -6.7% $1,256 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $4,395,000 -- $1,347 / 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
2024 $23,103 $2,175,475 $2,048,131 $127,344
2023 $22,577 $2,132,820 $2,007,972 $124,848
2022 $22,131 $2,091,000 $1,968,600 $122,400
2021 $21,853 $2,050,000 $1,930,000 $120,000
2020 $1,208 $106,430 $43,603 $62,827
2019 $1,184 $104,345 $42,749 $61,596
2018 $1,160 $102,300 $41,911 $60,389
2017 $1,139 $100,295 $41,090 $59,205
2016 $1,102 $98,330 $40,285 $58,045
2015 $1,087 $96,854 $39,680 $57,174
2014 $1,068 $94,958 $38,903 $56,055
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200014210

California Regional Multiple Listing Service (CRMLS)

APN: 254-040-29-01