NOT LISTED FOR SALE

Estimated Value: $5,651,000 - $7,142,068

15 Beds
18 Baths
16,330 Sq Ft
$402/Sq Ft Est. Value

Last Sold November 25, 2020

Last sale price $4,513,500 $276 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $40,960/month

190 Days on Market

Highlights

  • Guest House
  • Dance Studio
  • Home Theater
  • Olivenhain Pioneer Elementary Rated A
  • Wine Cellar
  • Solar Heated In Ground Pool

About This Home

As of November 2020

Stunning Spanish|Moroccan, hacienda style estate located in the historical Olivenhain area of Encinitas, adjacent to the area's most popular horse trails. A true "Entertainer's Delight" and multi-generational, the home was originally built as a Wellness Retreat and has since been converted into an expansive, single-family residence. Currently an 8 bedroom (suites), 18 bath home, this 16,330 sq. ft. custom estate has gorgeous features with a private place for everyone in your family or business needs. Enter through the private gates into one of the most unique and stunning Spanish/Moroccan hacienda style estates located in the historical Olivenhain area of Encinitas, adjacent to the area's most popular horse trails. A true Entertainer's Delight, the home was originally built as a Wellness Retreat and has since been converted into an expansive, single-family residence. Perfect for large and extended families, there is a place for everyone in this home. Currently an 8 Bedroom (Suites), 18 Bath home this unique and luxurious, one-of-a-kind, 16,330 sq. ft. custom estate offers large families endless possibilities. Every bedroom in the home has been converted into "suites" (or mini-apartments) that include a bedroom, a living room and a dressing area, along with up to two full bathrooms. Additionally, one of the suites is a granny suite and includes a full kitchen, 2 bedrooms, living room, and 3 bathrooms. Because of the unique nature of the Suites, there is a potential for rental income and/or AirBnB nightly rentals. The main home is approximately 10,000 square feet and there are two 3,000 square foot wings that comprise of 4 suites and a gym, along with a beautiful courtyard w/fire place and pizza oven. All of these suites open onto the courtyard, and have access to parking areas, thus are uniquely positioned for rental income if desired by owner. The main home has been impeccably designed, starting with custom designed and imported Mexican tiles, a 200 year old Span...

Last Listed By

Jessica Wallace-kelley

Willis Allen Real Estate License #01408321 Listed on: 04/24/2020

Willis Allen Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,490

Year Built

  • Built in 2006

Lot Details

  • 1.24 Acre Lot
  • Level Lot
  • Sprinklers on Timer

Parking

  • 10 Open Parking Spaces
  • 5 Car Garage
  • Parking Available
  • Three Garage Doors
  • Driveway
  • Automatic Gate
  • Guest Parking

Home Design

  • Spanish Architecture
  • Mediterranean Architecture
  • Fire Rated Drywall
  • Insulated Concrete Forms
  • Tile Roof
  • Tar and Gravel Roof
  • Stucco

Interior Spaces

  • 16,330 Sq Ft Home
  • 2-Story Property
  • Wired For Sound
  • Wired For Data
  • Formal Entry
  • Wine Cellar
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Home Theater
  • Home Office
  • Bonus Room
  • Game Room
  • Dance Studio
  • Utility Room
  • Home Gym

Kitchen

  • Walk-In Pantry
  • Gas Range
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 15 Bedrooms
  • Retreat
  • Main Floor Bedroom
  • Walk-In Closet
  • Dressing Area
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Closed Circuit Camera
  • Fire and Smoke Detector
  • Fire Sprinkler System

Eco-Friendly Details

  • Solar Power System
  • Solar Heating System

Pool

  • Solar Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Solar Heated Spa

Utilities

  • Cooling Available
  • Combination Of Heating Systems
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Gas Water Heater
  • Water Purifier
  • Phone System

Additional Features

  • Fireplace in Patio
  • Guest House

Community Details

  • Horse Trails

Listing and Financial Details

  • Assessor Parcel Number 2640903500

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,490

Year Built

Built in 2006

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Security: Automatic Gate, Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Sprinkler System
  • Subdivision Name Other: Encinitas
  • Architectural Style: Mediterranean, Spanish
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2640903500
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 16330.00 Square Feet
  • Interior Amenities: Phone System, Wired for Data, Wired for Sound
  • Stories: 2
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 16
  • Full And Three Quarter Bathrooms: 16
  • Half Bathrooms: 2
  • Total Bedrooms: 15
  • Fireplace Features: Dining Room, Living Room, Patio
  • Levels: Two
  • Price Per Square Foot: 276.39
  • Room Type: Bonus Room, Dance Studio, Den, Dressing Area, Exercise Room, Family Room, Formal Entry, Game Room, Great Room, Guest/Maid's Quarters, Home Theatre, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Media Room, Office, Retreat, Utility Room, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Heated, In Ground, Private, Solar Heated

Exterior Features

  • Other Structures: Guest House
  • Pool Features: In Ground, Private, Solar Heat
  • Pool Private: Yes
  • Roof: Tar/Gravel, Tile
  • Spa: Yes
  • Construction Materials: Drywall Walls, Icfs (Insulated Concrete Forms), Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Driveway, Garage - Three Door, Gated, Guest
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 10.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Warming Drawer, Water Purifier
  • Heating Type: Combination, Fireplace(s), Natural Gas, Radiant, Solar
  • Laundry Features: Dryer Included, Individual Room, Washer Included, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Horse Trails

Schools

  • School District: San Dieguito Union

Green Features

  • Green Power: Solar

Lot Info

  • Land Lease: No
  • Lot Features: Level, Sprinklers Timer
  • Lot Size Sq Ft: 54014.40
  • Lot Size Acres: 1.2400

Multi Family

  • Lot Size Area: 54014.4000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2020
Closed on
Nov 16, 2020
Sold by
Posard Matthew and Cadigan Elizabeth
Bought by
Cadigan David Patrick and Cadigan David Patrick
Seller's Agent
Jessica Wallace-kelley
Willis Allen Real Estate
Buyer's Agent
Linda Charman
Thunderbird Real Estate
List Price
$4,995,000
Sold Price
$4,513,500
Premium/Discount to List
-$481,500
-9.64%
Total Days on Market
190
Current Estimated Value
$6,567,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,054,017
Avg. Annual Appreciation
8.71%

Purchase Details

Closed on
Sep 6, 2012
Sold by
Posard Matthew and Posard Elizabeth
Bought by
Posard Matthew and Posard Elizabeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2010
Sold by
Capital One Na
Bought by
Posard Matthew and Posard Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2009
Sold by
Brown Susan
Bought by
Chevy Chase Bank Fsb

Purchase Details

Closed on
Jul 26, 2006
Sold by
Brown Susan
Bought by
Brown Suzy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 17, 2005
Sold by
Brown Suzy
Bought by
Brown Suzy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,063,000
Interest Rate
5.61%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 5, 2004
Sold by
Brown Suzy
Bought by
Brown Suzy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,650,000
Interest Rate
5.72%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 15, 2003
Sold by
Axelrod Barry and Axelrod Kathryn Joan
Bought by
Brown Suzy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,999
Interest Rate
4.87%

Purchase Details

Closed on
Jun 14, 1996
Sold by
Axelrod Jennifer L
Bought by
Axelrod Barry

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
Cadigan David Patrick $4,513,500 First American Title Company
Posard Matthew -- First American Title
Posard Matthew $2,000,000 Lsi Title Agency
Chevy Chase Bank Fsb $2,275,000 American Title
Brown Suzy -- Gateway Title
Brown Susan -- Gateway Title
Brown Suzy -- Commonwealth Title
Brown Suzy -- Chicago Title Co
Brown Suzy $850,000 First American Title
Axelrod Barry -- First American Title
Axelrod Barry -- First American Title
Axelrod Barry -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Posard Matthew $1,000,000
Previous Owner Posard Matthew $999,999
Previous Owner Posard Matthew $999,999
Previous Owner Posard Matthew $1,000,000
Previous Owner Brown Suzy $700,000
Previous Owner Brown Suzy $1,000,000
Previous Owner Brown Susan $606,100
Previous Owner Brown Susan $4,550,000
Previous Owner Brown Suzy $4,063,000
Previous Owner Brown Suzy $2,650,000
Previous Owner Brown Suzy $499,999
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2020 11/25/20 Sold $4,513,500 -9.6% $276 / Sq Ft
10/31/2020 10/31/20 Pending -- -- --
04/24/2020 04/24/20 For Sale $4,995,000 -- $306 / 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
2024 $52,490 $4,789,761 $1,485,691 $3,304,070
2023 $51,336 $4,695,845 $1,456,560 $3,239,285
2022 $50,356 $4,603,770 $1,428,000 $3,175,770
2021 $49,747 $4,513,500 $1,400,000 $3,113,500
2020 $27,195 $2,402,662 $702,880 $1,699,782
2019 $26,664 $2,355,552 $689,099 $1,666,453
2018 $26,180 $2,309,366 $675,588 $1,633,778
2017 $192 $2,264,086 $662,342 $1,601,744
2016 $24,844 $2,219,693 $649,355 $1,570,338
2015 $24,471 $2,186,353 $639,602 $1,546,751
2014 $23,960 $2,143,527 $627,074 $1,516,453
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200018498

California Regional Multiple Listing Service (CRMLS)

APN: 264-090-35