NOT LISTED FOR SALE

2462 Gum Tree Ln Fallbrook, CA 92028

Estimated Value: $790,780 - $941,000

2 Beds
2 Baths
1,283 Sq Ft
$658/Sq Ft Est. Value

Last Sold January 24, 2019

Last sale price $485,000 $378 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $4,892/month

141 Days on Market

Highlights

  • 6.01 Acre Lot
  • No HOA
  • Laundry Room
  • Bluff View
  • 2 Car Attached Garage
  • Tile Flooring

About This Home

As of January 2019

This property is very rare and the price has been reduced for a quick sale. The lot is very large: 6 AC total. The lot is zoned R1 currently with an A70 classification for commercial/farming level water usage. The property was previously used as an citrus grove with a 1.5 inch water meter service. We reached out to a local winery about putting in grape vines. Become a "Gentlemen Farmer" the property has income potential. Also, equestrian uses are also allowed. The view is breathtaking of the rolling hills surrounding this property. Cozy two bedroom house could use some upgrades to make it more modern. Freshly painted inside with new door hardware.

Regarding the Foreclosure status, this is not a Short Sale. The bank will be paid in full at the close of escrow. This sale will be a normal escrow, we don't require permission from the bank during to close escrow. The seller is motivated to sell. All offers will be considered.

Last Agent to Sell the Property

Donald Golding

Balboa Real Estate, Inc. License #01492600 Listed on: 07/22/2018

Last Buyer's Agent

Donald Golding

Balboa Real Estate, Inc. License #01492600 Listed on: 07/22/2018

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • 6.01 Acre Lot
  • Density is 6-10 Units/Acre
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,283 Sq Ft Home
  • Living Room with Fireplace
  • Bluff Views
  • Electric Cooktop

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Utilities

  • Radiant Heating System
  • Septic Type Unknown

Community Details

  • No Home Owners Association
  • Foothills

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 75009
  • Assessor Parcel Number 1057506200

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1057506200
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1283.00 Square Feet
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 378.02
  • Room Type: All Bedrooms Down, Laundry, Living Room, Master Bedroom
  • Bathroom Features: Shower

Exterior Features

  • View: Bluff
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Radiant
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Septic Type Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 261796.00
  • Lot Size Acres: 6.0100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 261796.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 190.01
  • Tax Lot: 1
  • Tax Tract Number: 75009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2018
Sold by
Membury Philip
Bought by
Xiong Shigang and Li Aimin
Current Estimated Value
$844,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 8, 2012
Closed on
Oct 23, 2012
Sold by
Federal National Mortgage Association
Bought by
Membury Philip
Seller's Agent
Lisa Puccini-Farha
Realty ONE Group Southwest
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$399,900
Sold Price
$375,000
Premium/Discount to List
-$24,900
-6.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.40%
Original Mortgage
$383,062
Interest Rate
3.36%
Mortgage Type
VA

Purchase Details

Closed on
Aug 14, 2012
Sold by
Tudor James H and Tudor Minamaree E
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 22, 2011
Sold by
Hasvold Chris and Hasvold Lisa A
Bought by
Tudor James H and Tudor Minamaree E

Purchase Details

Closed on
Dec 23, 2010
Sold by
Tudor James H and Tudor Minamaree E
Bought by
Hasvold Chris and Hasvold Lisa A

Purchase Details

Closed on
Jan 18, 2008
Sold by
Gtbo Llc
Bought by
Tudor James H and Tudor Minamaree E

Purchase Details

Closed on
Sep 25, 2006
Sold by
Rms Inc
Bought by
Gtbo Llc

Purchase Details

Closed on
May 10, 2004
Sold by
Burhop Howard Elmer and Burhop Norma Jean
Bought by
Rms Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,491
Interest Rate
5.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 17, 1996
Sold by
Burhop Howard E and Burhop Norma J
Bought by
Burhop Howard Elmer and Burhop Norma Jean
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Xiong Shigang $485,000 Fidelity National Title
Membury Philip $375,000 First American Title Ins Co
Federal National Mortgage Association $418,191 Landsafe Title
Tudor James H -- None Available
Hasvold Chris -- None Available
Tudor James H $1,000 Commonwealth Land Title Co
Gtbo Llc -- Accommodation
Rms Inc $650,000 First American Title
Burhop Howard Elmer -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Xiong Shigang $363,750
Previous Owner Membury Philip $383,062
Previous Owner Rms Inc $424,491
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/24/2019 01/24/19 Sold $485,000 +1.3% $378 / Sq Ft
12/10/2018 12/10/18 Pending -- -- --
12/05/2018 12/05/18 For Sale $479,000 0.0% $373 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
10/13/2018 10/13/18 Price Changed $479,000 -3.8% $373 / Sq Ft
09/14/2018 09/14/18 Price Changed $498,000 -3.3% $388 / Sq Ft
08/17/2018 08/17/18 Price Changed $515,000 -3.7% $401 / Sq Ft
07/22/2018 07/22/18 For Sale $535,000 +42.7% $417 / Sq Ft
12/07/2012 12/07/12 Sold $375,000 -6.2% $292 / Sq Ft View Prior Sale
10/22/2012 10/22/12 Pending -- -- --
10/08/2012 10/08/12 For Sale $399,900 -- $312 / 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 $5,792 $541,021 $403,965 $137,056
2024 $5,792 $530,414 $396,045 $134,369
2023 $5,689 $520,015 $388,280 $131,735
2022 $5,692 $509,819 $380,667 $129,152
2021 $5,505 $499,823 $373,203 $126,620
2020 $5,550 $494,699 $369,377 $125,322
2019 $4,672 $413,959 $309,091 $104,868
2018 $4,604 $405,843 $303,031 $102,812
2017 $750 $397,887 $297,090 $100,797
2016 $4,408 $390,086 $291,265 $98,821
2015 $4,340 $384,227 $286,890 $97,337
2014 $4,261 $376,702 $281,271 $95,431
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18177855

California Regional Multiple Listing Service (CRMLS)

APN: 105-750-62