NOT LISTED FOR SALE

2878 Sumac Rd Fallbrook, CA 92028

Estimated Value: $756,000 - $873,545

3 Beds
2 Baths
1,947 Sq Ft
$429/Sq Ft Est. Value

Last Sold June 24, 2024

Last sale price $790,000 $406 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,705/month

4 Days on Market

Highlights

  • 2.56 Acre Lot
  • No HOA
  • 2 Car Attached Garage
  • Valley View
  • Hiking Trails
  • Laundry Room

About This Home

As of June 2024

Single Story 3 bedroom home with amazing valley views and wrap around deck. Tons of potential with room for ADU. Some TLC needed. Original condition. Avocado trees on property. Great layout with view inspired master bedroom on east wing and guest beds on west wing. Kitchen and Living Room combined as Great Room with high ceilings and even more views!

Last Agent to Sell the Property

James Duffy

Signature Real Estate, Inc. License #01366493 Listed on: 05/23/2024

Last Buyer's Agent

Eric Charlebois

Compass License #01924847

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,361

Year Built

  • Built in 1986

Lot Details

  • 2.56 Acre Lot
  • Lot Sloped Down
  • Density is 2-5 Units/Acre
  • Property is zoned A70

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,947 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Valley Views

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Air
  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 1250203900
  • $244 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Valley

Recreation

  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,361

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Shed
  • Property Attached: No
  • View: Yes
  • Zoning: A70
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1250203900
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1947.00 Square Feet
  • Stories: 1
  • Entry Location: Front Door
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 405.75
  • Room Type: Family Room

Exterior Features

  • View: Valley
  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Septic Type Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking, Valley

Schools

  • School District: Fallbrook Union

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Sloped Down
  • Lot Size Sq Ft: 111513.60
  • Lot Size Acres: 2.5600
  • Latitude Manual: 33.34009600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2.5600 Acres
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 188.05
  • TaxOtherAnnualAssessmentAmount: 244.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2024
Closed on
Jun 5, 2024
Sold by
Wallis Yoko Shimizu and Wauschek Chad
Bought by
Howie Steven J
Seller's Agent
James Duffy
Signature Real Estate, Inc.
Buyer's Agent
Eric Charlebois
Compass
List Price
$715,000
Sold Price
$790,000
Premium/Discount to List
$75,000
10.49%
Views
86
Current Estimated Value
$834,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,636
Avg. Annual Appreciation
4.28%
Original Mortgage
$500,000
Outstanding Balance
$492,796
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$341,840

Purchase Details

Closed on
Sep 8, 1997
Sold by
Federal National Mortgage Assn
Bought by
First Nationwide Mtg Corp

Purchase Details

Closed on
Aug 25, 1997
Sold by
California Federal Bank Fsb
Bought by
Shimizu Hiroko and Wallis Yoko Shimizu
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
Howie Steven J $790,000 Ticor Title
First Nationwide Mtg Corp -- Southland Title
Shimizu Hiroko $195,000 Southland Title Corporation
Wallis Yoko Shimizu -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howie Steven J $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2024 06/24/24 Sold $790,000 +10.5% $406 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
05/23/2024 05/23/24 For Sale $715,000 -- $367 / 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 $3,361 $805,800 $510,000 $295,800
2024 $3,361 $305,232 $125,218 $180,014
2023 $3,290 $299,248 $122,763 $176,485
2022 $3,236 $293,381 $120,356 $173,025
2021 $3,181 $287,630 $117,997 $169,633
2020 $3,007 $284,682 $116,788 $167,894
2019 $2,950 $279,101 $114,499 $164,602
2018 $2,963 $273,629 $112,254 $161,375
2017 $2,905 $268,264 $110,053 $158,211
2016 $2,836 $263,005 $107,896 $155,109
2015 $2,792 $259,056 $106,276 $152,780
2014 $2,736 $253,983 $104,195 $149,788
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: ND24102554

California Regional Multiple Listing Service (CRMLS)

APN: 125-020-39