NOT LISTED FOR SALE

2974 Sumac Rd Fallbrook, CA 92028

Estimated Value: $1,614,000 - $1,789,000

3 Beds
3 Baths
3,823 Sq Ft
$438/Sq Ft Est. Value

Last Sold May 03, 2023

Last sale price $1,549,000 $405 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $9,675/month

6 Days on Market

Highlights

  • Private Pool
  • 4.02 Acre Lot
  • No HOA
  • Panoramic View
  • Fireplace in Primary Bedroom
  • 3 Car Attached Garage

About This Home

As of May 2023

Welcome to this spectacular property with fantastic panoramic views out of nearly every window. Enjoy your morning espresso while watching the sunrise over the easterly mountains, and end your day relaxing with a glass of wine to the glowing coastal sunsets. Entertain family and friends with outstanding outdoor amenities. BBQ steaks on the built-in gas grill, relax in the spa, then have s’mores around the gas fire pit. On warm summer days enjoy the dipping pool after gardening in the dedicated garden boxes and picking fruit from your own family fruit trees. Step through the custom front door and you'll notice the thoughtfully designed floor plan, with an open concept kitchen and living area for ease of flow. The chef's kitchen boasts 2 sinks, a wine fridge and high-end appliances, including a Viking gas stovetop and a Subzero fridge/freezer. The primary master suite includes a coffee bar with sink and mini fridge, a double-sided fireplace and an attached room that can be used for gym equipment, extra office space, or anything you choose. The luxurious master bathroom features an amazing walk-in shower and jetted tub. To add to all this, there is a generously sized dedicated office space with a custom-built desk and cabinets. Through the large office windows, you'll enjoy awesome views of Palomar Mountain from your workspace. Complete with RV parking, recently installed Tesla solar (paid-off), new heat pumps, whole house fan, whole house audio, newly installed app-based front gate operating system and much more! Located just minutes away you will find renowned golf courses, nature trails, world-class wineries and restaurants and the wonderful charm of downtown Fallbrook. Easy access to the I-15 and HWY 76. Enjoy country living at its finest. Come and see this one for yourself before it's too late!

Last Agent to Sell the Property

Dane Carlson

Berkshire Hathaway HomeService License #01359203 Listed on: 03/30/2023

Berkshire Hathaway HomeService

Co-Listed By

Kim Carlson

Berkshire Hathaway HomeService License #00968586

Last Buyer's Agent

Jon Cellitti

Rupert Taylor R.E.,Inc. License #00303770

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,682

Year Built

  • Built in 2002

Lot Details

  • 4.02 Acre Lot
  • Rural Setting
  • Density is 2-5 Units/Acre
  • Property is zoned AGRICULTURAL

Parking

  • 3 Car Attached Garage
  • 5 Open Parking Spaces

Property Views

  • Panoramic
  • Mountain
  • Hills

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,823 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • 3 Full Bathrooms

Pool

  • Private Pool
  • Spa

Utilities

  • Central Air
  • No Heating

Additional Features

  • Fire Pit
  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1250203700
  • $342 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,682

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: AGRICULTURAL
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1250203700
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3823.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Family Room, Fire Pit, Living Room, Master Bedroom, Master Retreat
  • Levels: One
  • Price Per Square Foot: 405.18
  • Spa Features: Private

Exterior Features

  • View: Hills, Mountain(s), Panoramic
  • Fence: No
  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 175111.20
  • Lot Size Acres: 4.0200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4.0200 Acres
  • Number Of Units In Community: 1

Tax Info

  • Tax Tract Number: PM1629
  • TaxOtherAnnualAssessmentAmount: 341.72

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2024
Sold by
Armellini Frank Patrick and Armellini Jennie Lynn
Bought by
Frank And Jennie Armellini Family Trust and Armellini
Current Estimated Value
$1,672,764

Purchase Details

Listed on
Mar 30, 2023
Closed on
Apr 26, 2023
Sold by
Argodale Revocable Trust
Bought by
Armellini Frank Lynn and Armellini Jennie Lynn
Seller's Agent
Dane Carlson
Berkshire Hathaway HomeService
Buyer's Agent
Jon Cellitti
Rupert Taylor R.E.,Inc.
List Price
$1,549,000
Sold Price
$1,549,000
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%

Purchase Details

Closed on
Jan 4, 2021
Sold by
Argodale George and Argodale Wafa
Bought by
Argodale George Constantine and The Argodale Revocalbe Trust

Purchase Details

Listed on
Jun 1, 2020
Closed on
Sep 18, 2020
Sold by
Cogley John R and Cogley Marily K
Bought by
Argodale George and Argodale Wafa
Seller's Agent
Tina Wheeler
ERA Ranch & Sea Realty
Buyer's Agent
Lawrence Mansour
Turnkey Realty
List Price
$1,150,000
Sold Price
$1,087,500
Premium/Discount to List
-$62,500
-5.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.92%

Purchase Details

Closed on
Nov 16, 2010
Sold by
Cogley John R and Cogley Marilyn K
Bought by
Cogley John R and Cogley Marilyn K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2000
Sold by
Smith 1991 Family Trust 11-26-91
Bought by
Cogley John R and Cogley Marilyn K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.86%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Frank And Jennie Armellini Family Trust -- None Listed On Document
Frank And Jennie Armellini Family Trust -- None Listed On Document
Armellini Frank Lynn $1,549,000 Ticor Title Company
Argodale George Constantine -- None Available
Argodale George $1,087,500 Lawyers Title Company
Cogley John R -- Fidelity National Title Co
Cogley John R $185,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cogley John R $562,500
Previous Owner Cogley John R $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2023 05/03/23 Sold $1,549,000 0.0% $405 / Sq Ft
03/30/2023 03/30/23 For Sale $1,549,000 +42.4% $405 / Sq Ft
09/29/2020 09/29/20 Sold $1,087,500 -5.4% $284 / Sq Ft View Prior Sale
08/21/2020 08/21/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $1,150,000 -- $301 / 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 $9,682 $918,868 $533,862 $385,006
2024 $9,682 $900,852 $523,395 $377,457
2023 $12,062 $1,131,435 $364,140 $767,295
2022 $11,860 $1,109,250 $357,000 $752,250
2021 $11,732 $1,087,500 $350,000 $737,500
2020 $10,011 $946,776 $254,484 $692,292
2019 $9,827 $928,213 $249,495 $678,718
2018 $9,876 $910,013 $244,603 $665,410
2017 $9,683 $892,170 $239,807 $652,363
2016 $9,458 $874,677 $235,105 $639,572
2015 $9,304 $861,540 $231,574 $629,966
2014 $9,118 $844,664 $227,038 $617,626
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2302275

California Regional Multiple Listing Service (CRMLS)

APN: 125-020-37