NOT LISTED FOR SALE

Estimated Value: $2,125,412 - $2,815,000

4 Beds
4 Baths
1,904 Sq Ft
$1,279/Sq Ft Est. Value

Last Sold October 18, 2013

Last sale price $1,192,000 $626 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $14,486/month

39 Days on Market

Highlights

  • Ocean View
  • Forced Air Heating System
  • Baseboard Heating
  • Paul Ecke-Central Elementary Rated A

About This Home

As of October 2013

See supplement. Ocean view duplex on a large lot and on a super quiet street. Best ocean view lot on the market. A tropical ambiance with many mature palm trees and plants. Really cute back yard for lower unit and beautiful deck for the upper unit. Lower unit was recently remodeled and looks brand new. Upper unit is currently being remodeled. Development potential is incredible. This is a legal non-conforming duplex with two sewer hookups. It can be rebuilt in case of fire, etc. It can be modified to increase both the square footage of each unit and number of bedrooms in each. It can be modified in form. It can be torn down and rebuilt in a completely different form within the building code and possible design review. Most importantly, it can be separated into two condominiums, either as a conversion or built new from the ground up.. Call for explanation and municipal code reference. Neighborhoods: Leucadia Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 333 Unit # for Unit 2: 335 Unit 1 Parking Spaces: 4 Unit 2 Parking Spaces: 2 Number of Furnished Units: 0 Topography: GSL

Last Agent to Sell the Property

Spencer Nash

Spencer Graham Nash License #00835909 Listed on: 08/05/2013

Last Buyer's Agent

Training Two

P.S. Training

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 10,019 Sq Ft Lot
  • Drip System Landscaping
  • Sprinkler System

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 333Fulvia92024
  • Assessor Parcel Number 2562531300

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Subdivision Name Other: Encinitas
  • View: Yes
  • Zoning: R8
  • Property Type: Residential Income
  • Parcel Number: 2562531300
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • View: Ocean
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Baseboard, Forced Air

Lot Info

  • Lot Features: Sprinklers Drip System, Sprinkler System
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 23400.00
  • Lot Size Area: 10019.0000 Square Feet
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Tax Info

  • Tax Lot: 333Fulvia92024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2013
Closed on
Oct 11, 2013
Sold by
Lafferty Mike and Lafferty Lisa Stone
Bought by
Lafferty Mike and Lafferty Lisa Stone
Seller's Agent
Spencer Nash
Spencer Graham Nash
Buyer's Agent
Training Two
P.S. Training
List Price
$1,192,000
Sold Price
$1,192,000
Current Estimated Value
$2,510,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,318,366
Avg. Annual Appreciation
6.01%
Original Mortgage
$560,000
Outstanding Balance
$421,613
Interest Rate
4.55%
Mortgage Type
New Conventional
Estimated Equity
$2,012,740

Purchase Details

Listed on
Aug 5, 2013
Closed on
Oct 5, 2013
Sold by
Masch Robert H and Masch Susan
Bought by
Lafferty Mike and Lafferty Lisa Stone
Seller's Agent
Spencer Nash
Spencer Graham Nash
Buyer's Agent
Training Two
P.S. Training
List Price
$1,192,000
Sold Price
$1,192,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Outstanding Balance
$421,613
Interest Rate
4.55%
Mortgage Type
New Conventional
Estimated Equity
$2,012,740

Purchase Details

Closed on
Dec 4, 1989
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lafferty Mike -- None Available
Lafferty Mike $1,192,000 Fidelity National Title San
-- $349,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lafferty Mike $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2013 10/18/13 Sold $1,192,000 0.0% $626 / Sq Ft
09/13/2013 09/13/13 Pending -- -- --
08/05/2013 08/05/13 For Sale $1,192,000 -- $626 / 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 $16,307 $1,461,217 $1,201,341 $259,876
2024 $16,307 $1,432,567 $1,177,786 $254,781
2023 $15,840 $1,404,479 $1,154,693 $249,786
2022 $15,459 $1,376,941 $1,132,052 $244,889
2021 $15,198 $1,349,943 $1,109,855 $240,088
2020 $14,948 $1,336,102 $1,098,475 $237,627
2019 $14,653 $1,309,905 $1,076,937 $232,968
2018 $14,374 $1,284,221 $1,055,821 $228,400
2017 $14,126 $1,259,041 $1,035,119 $223,922
2016 $13,691 $1,234,355 $1,014,823 $219,532
2015 $13,446 $1,215,815 $999,580 $216,235
2014 $13,139 $1,192,000 $980,000 $212,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 130041620

California Regional Multiple Listing Service (CRMLS)

APN: 256-253-13