NOT LISTED FOR SALE

2741 Montecito Dr Fallbrook, CA 92028

Estimated Value: $1,540,000 - $1,731,000

4 Beds
4.5 Baths
4,123 Sq Ft
$392/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $1,500,000 $364 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $9,473/month

17 Days on Market

Highlights

  • Home Office
  • Formal Dining Room
  • 4 Car Attached Garage
  • La Paloma Elementary School Rated 9+
  • Family Room Off Kitchen
  • Living Room

About This Home

As of October 2022

Located in the peaceful hills of Fallbrook you will find this meticulously kept 4 BR 4.5 BA 4123 Sqft single story + casita. Endless amounts of natural light & large windows through the entire home, curved archways as you enter main livings areas, beautiful attention to detail everywhere you look. Kitchen is perfect for entertaining with tons of counter space, built-in double wall ovens, gas cooktop, under cabinet lighting, huge island, & tons of cabinetry. Also features separate butlers pantry. Two separate living areas, very open & bright. Separate dining area & breakfast nook. Master bedroom is large & features double door access to courtyard with a fountain & covered seating area, ensuite features dual sinks & separate tub & shower. Huge walk in closet & even a separate office/flex space! Secondary bedrooms are a great size & both feature their own ensuite. Flex space/library with built-in bookshelves. Large laundry room with built-in cabinetry, laundry sink, & plenty of counter space. Casita features 1 bedroom with full bath, perfect space to host guests/family. Backyard features covered pergola patio area, built-in BBQ area perfect for entertaining & an outdoor fireplace. Oversized 3 car garage with extra bay perfect for gym, workshop etc. Gorgeous mountain views & landscaping create an oasis you won’t want to leave, complete with 4 fountains, fruit trees & charming walk ways. Solar panels covers electricity bill.

Last Agent to Sell the Property

Mike Chiesl

Real Broker License #01783300 Listed on: 05/28/2022

Real Broker

Last Buyer's Agent

Mike Chiesl

Real Broker License #01783300 Listed on: 05/28/2022

Real Broker

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2001

Lot Details

  • 1.23 Acre Lot

Parking

  • 4 Car Attached Garage
  • Driveway

Home Design

  • Concrete Roof
  • Stucco Exterior

Interior Spaces

  • 4,123 Sq Ft Home
  • 1-Story Property
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room
  • Home Office

Kitchen

  • Electric Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Conventional Septic

Community Details

  • $17 Other Monthly Fees
  • Mountainous Community

Listing and Financial Details

  • Assessor Parcel Number 123-510-23-00

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

0

Parking

4

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: North County
  • Cross Street: Cresta Loma Dr & Montecito Dr
  • Neighborhood: Magnolia Hills
  • LP / Sq Ft: 382.0
  • Price Per Sq Ft: 363.81
  • SP/ Sq Ft: 363.81
  • Stories: 1 Story
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment Available: Dishwasher, Disposal, Microwave, Refrigerator, Electric Oven, Gas Stove
  • Searchable Rooms: Dining Area, Dining Room/Separate, Office, Kitchen, Living Room, Master Bedroom, Family Kitchen, Master Bathroom
  • Total Bedrooms: 4
  • Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Laundry Location: Inside
  • Estimated Sq Ft: 4123
  • Total Bathrooms: 5

Exterior Features

  • Exterior Material: Stucco
  • Roof: Concrete

Garage/Parking

  • Garage Details: Attached
  • Garage Spaces: 4
  • Non Garage Parking: Driveway
  • Parking Spaces Total: 8

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Gas
  • Sewer/Septic: Conventional Septic
  • Water: Public
  • Heating: Forced Air Unit
  • Heating Fuel: Natural Gas

Condo/Co-op/Association

  • Community: FALLBROOK
  • Other Fees Payment Frequency: Annual

Fee Information

  • Other Fees: 200.0
  • Other Fees Reflect: Year

Lot Info

  • Lot Size: 1+ to 2 AC
  • Topography: Mountainous
  • Assessor Parcel Number: 123-510-23-00
  • Estimated Number of Acres: 1.23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2022
Closed on
Sep 13, 2022
Sold by
Morlan Family 2004 Trust
Seller's Agent
Mike Chiesl
Real Broker
Buyer's Agent
Mike Chiesl
Real Broker
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%
Current Estimated Value
$1,614,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,499
Avg. Annual Appreciation
2.33%
Original Mortgage
$875,000
Outstanding Balance
$819,747
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$794,752

Purchase Details

Closed on
Feb 2, 2006
Sold by
Morlan Robert R and Morlan Jennifer L
Bought by
Morlan Robert R and Morlan Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 9, 2004
Sold by
Morlan Robert R and Morlan Jennifer L
Bought by
Morlan Robert R and Morlan Jennifer L

Purchase Details

Closed on
Apr 10, 2001
Sold by
Fb 2000 Llc
Bought by
Morlan Robert R and Morlan Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.91%
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
-- $1,500,000 Ticor Title
Morlan Robert R -- Lenders Choice Title Company
Morlan Robert R -- Lenders Choice Title Company
Morlan Robert R -- --
Morlan Robert R $649,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $875,000
Previous Owner Morlan Robert R $410,000
Previous Owner Morlan Robert R $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2022 10/14/22 Sold $1,500,000 -4.8% $364 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
06/10/2022 06/10/22 Price Changed $1,575,000 -1.6% $382 / Sq Ft
05/28/2022 05/28/22 For Sale $1,600,000 -- $388 / Sq Ft
Source: San Diego MLS

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 $12,163 $1,205,063 $698,439 $506,624
2024 $12,163 $1,141,240 $684,745 $456,495
2023 $11,814 $1,118,864 $671,319 $447,545
2022 $9,715 $903,455 $278,411 $625,044
2021 $9,395 $885,741 $272,952 $612,789
2020 $9,474 $876,660 $270,154 $606,506
2019 $9,291 $859,471 $264,857 $594,614
2018 $9,150 $842,619 $259,664 $582,955
2017 $8,969 $826,098 $254,573 $571,525
2016 $8,746 $809,901 $249,582 $560,319
2015 $8,592 $797,737 $245,834 $551,903
2014 $8,427 $782,111 $241,019 $541,092
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220013274

San Diego MLS

APN: 123-510-23