NOT LISTED FOR SALE

2527 Olive Hill Ln Fallbrook, CA 92028

Estimated Value: $1,151,000 - $1,275,000

4 Beds
3.5 Baths
2,932 Sq Ft
$409/Sq Ft Est. Value

Last Sold January 25, 2024

Last sale price $1,088,000 $371 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,319/month

3 Days on Market

Highlights

  • Horse Property
  • Primary Bedroom Suite
  • Panoramic View
  • RV Access or Parking
  • Automatic Gate
  • Updated Kitchen

About This Home

As of January 2024

As you embark on the picturesque drive through the coveted Olive Hill neighborhood nestled amongst the rolling hills of Fallbrook, you immediately feel a sense of serenity and privacy. This exquisite home is an embodiment of luxury and tranquility, designed for those who cherish privacy and an expansive living space.

Upon arrival, the property's fully gated lot, complemented by a gated private entrance and up a long drive ensures unparalleled privacy and security on over 1 acre of land. New flooring flows throughout the house, leading you to the heart of the home - a fully remodeled kitchen. This culinary haven boasts a stunning granite island with bar seating and Quartz countertops that extend to the bath and laundry areas, creating a cohesive and luxurious feel. The kitchen opens to a spacious living area, where large windows frame breathtaking views of the surrounding landscape, offering a panoramic display of stunning sunsets.

Each bedroom in this home is a retreat of its own, filled with natural light and offering ample space. The primary bedroom is particularly grand, providing enough room for a seating area as well as a bedroom set and a balcony overlooking the large lot. The remodeled en-suite facilities feature a huge walk-in shower and a generously sized walk-in closet.

This home is not just about the private spaces; it also excels in offering areas for entertainment and relaxation. A large deck runs along the living and kitchen areas, perfect for alfresco dining or simply enjoying the tranquil environment. The property also houses a vast den, which can serve as a game room or media space equipped with a powder bath and direct garage access.

Architectural details like the statement staircase at the entry and the large fireplace in the living room add character and warmth, while maintaining the Spanish charm of the property with an updated flair.

The backyard provides an opportunity to create the oasis you have always dreamed of with 49,223 square feet of options. Looking to garden, put in a pool, grow crops, the possibilities are endless!

For those seeking a home that offers both an escape and a connection, with quick access to the beach and an easy commute into San Diego and Downtown Temecula, Olive Hill Lane is the perfect choice. It's more than just a home; it's a sanctuary where every day feels like a retreat.

Last Agent to Sell the Property

Ashley McKeown

Compass License #02125979 Listed on: 01/04/2024

Compass

Co-Listed By

Mary Dix

Compass License #02050556

Last Buyer's Agent

Chris Remsen

Compass License #01952862

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,474

Year Built

  • Built in 1974

Lot Details

  • 1.13 Acre Lot
  • Rural Setting
  • Chain Link Fence
  • Landscaped
  • Sprinkler System
  • Back and Front Yard
  • Property is zoned A70

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Side Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Driveway Up Slope From Street
  • Automatic Gate
  • RV Access or Parking

Property Views

  • Panoramic
  • Woods
  • Canyon
  • Mountain
  • Hills
  • Valley

Home Design

  • Spanish Architecture
  • Spanish Tile Roof

Interior Spaces

  • 2,932 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Separate Family Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Den

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Quartz Countertops

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Horse Property
  • Balcony
  • Covered Patio or Porch

Farming

  • Agricultural

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1.13
  • Tax Tract Number 101
  • Assessor Parcel Number 1230414300
  • $48 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Mountainous Community

Recreation

  • Horse Trails
  • Hiking Trails
  • Bike Trail

Security

  • Card or Code Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,474

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: Automatic Gate, Card/Code Access
  • View: Yes
  • Zoning: A70
  • Architectural Style: Spanish
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1230414300
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2932.00 Square Feet
  • Interior Amenities: Balcony, Ceiling Fan(s), Granite Counters, Living Room Deck Attached, Quartz Counters, Recessed Lighting
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 371.08
  • Room Type: Den, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Primary Suite, Separate Family Room, Walk-In Closet
  • Bathroom Features: Bathtub, Shower, Double Sinks In Primary Bath, Quartz Counters, Remodeled, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Canyon, Hills, Mountain(s), Panoramic, Trees/Woods, Valley
  • Fence: Yes
  • Fencing: Chain Link
  • Patio And Porch Features: Covered, Deck, Patio, Front Porch
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Driveway Up Slope From Street, Garage Faces Side, Garage - Two Door, Garage Door Opener, Gated, RV Access/Parking
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Ice Maker, Microwave, Refrigerator, Water Line to Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Inside, Washer Included
  • Sewer: Septic Type Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Hiking, Horse Trails, Mountainous, Rural

Schools

  • School District: Fallbrook Union

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Agricultural, Back Yard, Front Yard, Horse Property, Landscaped, Lot Over 40000 Sqft, Sprinkler System
  • Lot Size Sq Ft: 49223.00
  • Lot Size Acres: 1.1300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 49223.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 188.01
  • Tax Lot: 1.13
  • Tax Tract Number: 101...
  • TaxOtherAnnualAssessmentAmount: 48.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2024
Sold by
Noble Ivey and Wilson Ivey
Bought by
Ivey Noble Trust and Margaret F Wilson Trust
Current Estimated Value
$1,198,374

Purchase Details

Listed on
Jan 4, 2024
Closed on
Jan 12, 2024
Sold by
Hart Monica Szalai
Bought by
Ivey Noble Trust and Margaret F Wilson Trust
Seller's Agent
Ashley McKeown
Compass
Buyer's Agent
Chris Remsen
Compass
List Price
$999,000
Sold Price
$1,088,000
Premium/Discount to List
$89,000
8.91%
Views
168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.57%

Purchase Details

Listed on
Feb 7, 2022
Closed on
Mar 1, 2022
Sold by
Betty Lackey Family Trust
Bought by
Hart Monica Szalai
Seller's Agent
Lorene Johnson
North San Diego County Association of REALTORS(r)
Buyer's Agent
Mary Dix
Compass
List Price
$889,000
Sold Price
$910,000
Premium/Discount to List
$21,000
2.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.97%
Original Mortgage
$883,698
Interest Rate
3.92%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 7, 2022
Closed on
Feb 28, 2022
Sold by
Steven Hart Jeffrey
Bought by
Hart Monica Szalai
Seller's Agent
Lorene Johnson
North San Diego County Association of REALTORS(r)
Buyer's Agent
Mary Dix
Compass
List Price
$889,000
Sold Price
$910,000
Premium/Discount to List
$21,000
2.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$883,698
Interest Rate
3.92%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 7, 2022
Closed on
Feb 3, 2022
Sold by
Lackey Betty J
Bought by
Betty Lackey Family Trust
Seller's Agent
Lorene Johnson
North San Diego County Association of REALTORS(r)
Buyer's Agent
Mary Dix
Compass
List Price
$889,000
Sold Price
$910,000
Premium/Discount to List
$21,000
2.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$883,698
Interest Rate
3.92%
Mortgage Type
FHA

Purchase Details

Closed on
May 2, 2013
Sold by
Lackey Betty J
Bought by
Lackey Betty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2010
Sold by
Lackey Betty J
Bought by
Lackey Betty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2008
Sold by
Lackey Betty J
Bought by
Lackey Betty J

Purchase Details

Closed on
Aug 4, 1995
Sold by
Lackey David William and Lackey Deborah Ann
Bought by
Lackey Betty J
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
Ivey Noble Trust -- None Listed On Document
Ivey Noble Trust $1,088,000 Ticor Title Company
Hart Monica Szalai $910,000 Ticor Title
Hart Monica Szalai -- Ticor Title
Betty Lackey Family Trust -- Worden Williams Llp
Lackey Betty J -- Lawyers Title Sd
Lackey Betty J -- Orange Coast Title
Lackey Betty J -- None Available
Lackey Betty J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hart Monica Szalai $883,698
Previous Owner Lackey Betty J $289,500
Previous Owner Lackey Betty J $300,000
Previous Owner Lackey Betty J $276,000
Previous Owner Lackey Betty J $281,250
Previous Owner Lackey Betty J $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2024 01/25/24 Sold $1,088,000 +8.9% $371 / Sq Ft
01/08/2024 01/08/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $999,000 +9.8% $341 / Sq Ft
03/11/2022 03/11/22 Sold $910,000 +2.4% $310 / Sq Ft
02/20/2022 02/20/22 Pending -- -- --
02/07/2022 02/07/22 For Sale $889,000 -- $303 / 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 $9,474 $1,109,760 $612,000 $497,760
2024 $9,474 $883,000 $500,000 $383,000
2023 $9,373 $883,000 $94,000 $789,000
2022 $1,472 $139,125 $14,837 $124,288
2021 $1,427 $136,398 $14,547 $121,851
2020 $1,440 $135,000 $14,398 $120,602
2019 $1,414 $132,354 $14,116 $118,238
2018 $1,392 $129,760 $13,840 $115,920
2017 $1,363 $127,217 $13,569 $113,648
2016 $1,327 $124,723 $13,303 $111,420
2015 $1,299 $122,851 $13,104 $109,747
2014 $1,274 $120,446 $12,848 $107,598
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24000104

California Regional Multiple Listing Service (CRMLS)

APN: 123-041-43