NOT LISTED FOR SALE

25-27 Briggs Ave Encinitas, CA 92024

Central Encinitas Neighborhood

Estimated Value: $2,044,708 - $2,703,000

3 Beds
2 Baths
1,780 Sq Ft
$1,308/Sq Ft Est. Value

Last Sold December 05, 2020

Last sale price $1,643,300 $923 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $13,576/month

86 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Gated Home
  • Wood Siding
  • Paul Ecke-Central Elementary Rated A
  • Gentle Sloping Lot
  • 2-minute walk to Mildred MacPherson Park

About This Home

As of December 2020

Opportunity knocks! Turn key duplex short walk to downtown Encinitas. 2/1 with stunning kitchen, open living room, ext. shower and bonus storage room. Separate entrance leads to adorable 1bd/1ba cottage w/ private yard, kitchen w/ island and sub zero fridge. Spacious bedroom w/ closet and bath with custom tile. Both units have mini split A/C, full size laundry and 2 off street parking spaces. Extensive plans/design to expand existing structure with 2nd story and large ocean view deck or build your dream!

Last Agent to Sell the Property

Wesley Besemer

Trinity Homes & Investments License #01339785 Listed on: 08/13/2020

Last Buyer's Agent

Ryan McGovern

Barry Estates License #01810974

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 4,267 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Gentle Sloping Lot
  • Sprinklers on Timer

Home Design

  • Rolled or Hot Mop Roof
  • Wood Siding
  • Stucco Exterior
  • Stone Exterior Construction

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Tenant pays for trash, water, electricity, gas/propane
  • Assessor Parcel Number 258-216-03-00

Community Details

Overview

  • 2 Units
  • Encinitas Community

Building Details

  • Net Operating Income $57,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

4,267 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: S. Vulcan Ave.
  • Neighborhood: Encinitas
  • LP / Sq Ft: 24.21
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Total Stories: 1
  • Year Built: 1990
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stone, Stucco, Wood
  • Fencing: Full, Gate
  • Roof: Rolled/Hot Mop

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Encinitas
  • Community: ENCINITAS

Lot Info

  • Irrigation: Automatic, Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: West of I-5
  • Topography: Slope Gentle
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 258-216-03-00
  • Estimated Lot Sq Ft: 4267
  • Estimated Number of Acres: 0.1
  • Map Code Column: C
  • Map Code Page: 1167
  • Map Code Row: 1

Rental Info

  • Tenant Pays: Trash, Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 57500
  • Gross Rent Multiplier Actual: 32.5
  • Gross Rent Multiplier Projected: 27.0
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2023
Sold by
Hosting Company Llc
Bought by
Jacobsen James
Current Estimated Value
$2,328,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$995,000
Outstanding Balance
$962,753
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$1,365,483

Purchase Details

Closed on
Nov 11, 2021
Sold by
25 27 Briggs Llc
Bought by
The Hosting Company Llc

Purchase Details

Listed on
Aug 13, 2020
Closed on
Nov 23, 2020
Sold by
Rodeno Paul Francis and Rodeno Robin Ludlow
Bought by
25127 Briggs Llc
Seller's Agent
Wesley Besemer
Trinity Homes & Investments
Buyer's Agent
Ryan McGovern
Barry Estates
List Price
$1,950,000
Sold Price
$1,643,300
Premium/Discount to List
-$306,700
-15.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.93%

Purchase Details

Closed on
Mar 25, 2016
Sold by
Lankford Catherine
Bought by
Lankford Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,068,750
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 21, 2016
Sold by
Lankford Richard
Bought by
The Rodeno Living Trust and Rodeno Robin Ludlow

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,068,750
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 4, 2013
Sold by
Ogg Michael
Bought by
Lankford Richard

Purchase Details

Closed on
Feb 26, 2009
Sold by
Roberts Laurel Browning
Bought by
Lankford Richard and Ogg Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,000
Interest Rate
5.15%
Mortgage Type
FHA

Purchase Details

Closed on
May 18, 2006
Sold by
Roberts Laurel B
Bought by
Roberts Laurel Browning

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
1.4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 21, 2005
Sold by
Roberts Laurel B
Bought by
Roberts Laurel Browning

Purchase Details

Closed on
Dec 3, 2003
Sold by
Schmidt Johann and Schmidt Hildegard
Bought by
Roberts Laurel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage
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
Jacobsen James -- Orange Coast Title
The Hosting Company Llc -- First American Ttl San Diego
25127 Briggs Llc $1,643,500 First American Title Company
Lankford Richard -- First American Title
The Rodeno Living Trust $1,425,000 First American Title
Lankford Richard $375,500 None Available
Lankford Richard $655,000 Fidelity National Title Co
Roberts Laurel Browning -- First American Title
Roberts Laurel B -- First American Title
Roberts Laurel Browning -- Diversified Title & Escrow S
Roberts Laurel B $655,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacobsen James $995,000
Previous Owner The Rodeno Living Trust $1,068,750
Previous Owner Lankford Richard $622,000
Previous Owner Roberts Laurel B $750,000
Previous Owner Roberts Laurel B $500,000
Closed Roberts Laurel B $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2020 12/05/20 Sold $1,643,300 -3.1% $923 / Sq Ft
11/08/2020 11/08/20 Pending -- -- --
10/30/2020 10/30/20 Price Changed $1,695,000 -4.7% $952 / Sq Ft
09/17/2020 09/17/20 Price Changed $1,779,000 -8.8% $999 / Sq Ft
08/13/2020 08/13/20 For Sale $1,950,000 -- $1,096 / Sq Ft
Source: San Diego MLS

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 $18,979 $1,778,759 $1,396,337 $382,422
2024 $18,979 $1,743,882 $1,368,958 $374,924
2023 $18,502 $1,709,689 $1,342,116 $367,573
2022 $18,078 $1,676,166 $1,315,800 $360,366
2021 $17,981 $1,643,300 $1,290,000 $353,300
2020 $16,827 $1,542,463 $1,190,674 $351,789
2019 $16,486 $1,512,220 $1,167,328 $344,892
2018 $16,171 $1,482,570 $1,144,440 $338,130
2017 $15,914 $1,453,500 $1,122,000 $331,500
2016 $8,395 $747,266 $657,418 $89,848
2015 $8,305 $736,042 $647,543 $88,499
2014 $8,193 $721,625 $634,859 $86,766
Source: Public Records

Agents Affiliated with this Home

  • Wesley Besemer

    Seller's Agent in 2020

    Wesley Besemer

    Trinity Homes & Investments

    (858) 353-3103

    4 in this area

    16 Total Sales

    Wesley Besemer
    Section Image
  • Ryan McGovern

    Buyer's Agent in 2020

    Ryan McGovern

    Barry Estates

    (858) 603-7775

    5 in this area

    110 Total Sales

    Ryan McGovern
    Section Image
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Map

Source: San Diego MLS

MLS Number: 200038838

San Diego MLS

APN: 258-216-03

California San Diego County Encinitas 92024 Central Encinitas

25-27 Briggs Ave, Encinitas, CA

Not Listed for Sale

MultiFamily

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