NOT LISTED FOR SALE

38160 De Luz Rd Fallbrook, CA 92028

Estimated Value: $858,000 - $987,000

2 Beds
2 Baths
1,528 Sq Ft
$608/Sq Ft Est. Value

Last Sold May 03, 2021

Last sale price $715,000 $468 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,518/month

10 Days on Market

Highlights

  • Barn
  • 11.11 Acre Lot
  • Workshop
  • Greenhouse
  • Mountain View
  • Hiking Trails

About This Home

As of May 2021

This is an amazing 11+ acres. It is only 7 minutes from town and is currently planted with a mixed crop. There are 3 operating wells; one 200' deep, the other 500' deep and the 3rd is undetermined how deep. You reach water at 50'. 2 of the motors have been replaced in the past 8 years. There is a new 10,000 gallon storage tank located at the highest point on the property. Current owner uses the well water for irrigation and for human consumption. There are 5 electric meters on the property. One for each dwelling, one to the laundry house, one to the barn and one to the well station. There are two detached dwellings, each with 1BR/1BA. A breezeway connects them. A 1200 gallon septic tank plus 300' of leach line was installed in 2015. This is great opportunity for someone with vision. It's a wonderful place to grow grapes (Fallbrook's new crop) The barn could be the production facility and the two homes joined together could possibly create an ideal living space with ample room for an outside tasting area to take in the beautiful views of the surrounding countryside and enjoy the cool breezes. Property is also an excellent opportunity for horses. No showings unless you provide a PEAD-V, proof of funds and if needed loan approval letter from qualified lender.

Last Agent to Sell the Property

Chris Murphy

Epic Realty Group, Inc License #01246689 Listed on: 02/09/2021

Last Buyer's Agent

Chris & Debbie Maronto

Realty OC Inc License #01376857

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,913

Year Built

  • Built in 1958

Lot Details

  • 11.11 Acre Lot
  • Rural Setting
  • Gentle Sloping Lot
  • Property is zoned Agricultural

Property Views

  • Mountain
  • Hills

Interior Spaces

  • 1,528 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Workshop
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Greenhouse
  • Shed
  • Outbuilding

Additional Homes

  • Two Homes on a Lot

Farming

  • Barn
  • Agricultural

Utilities

  • Well
  • Conventional Septic

Listing and Financial Details

  • Tax Tract Number 75011
  • Assessor Parcel Number 1021401000

Community Details

Overview

  • Foothills

Recreation

  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,913

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Well Pump Horsepower: 5.00
  • Well Report: No
  • Zoning: Agricultural
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1021401000
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1528.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: One
  • Price Per Square Foot: 467.93
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Workshop

Exterior Features

  • Other Structures: Barn(s), Greenhouse, Outbuilding, Shed(s), Storage, Two On A Lot
  • View: Hills, Mountain(s)
  • Pool Private: No

Utilities

  • Utilities: Electricity Connected
  • Laundry: Yes
  • Sewer: Conventional Septic
  • Water Source: Well
  • Well Gallons Per Minute: 20.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills, Rural, Hiking

Lot Info

  • Land Lease: No
  • Lot Features: Agricultural, Agricultural - Other, Agricultural - Row/Crop, Gentle Sloping
  • Lot Size Sq Ft: 483951.60
  • Lot Size Acres: 11.1100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 483951.6000 Square Feet
  • Number Of Units In Community: 1

Tax Info

  • Tax Tract Number: 75011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2021
Closed on
Mar 31, 2021
Sold by
Merino Marc
Bought by
Peat Jack Richard and Peat Jessica Elaine
Seller's Agent
Chris Murphy
Epic Realty Group, Inc
Buyer's Agent
Chris & Debbie Maronto
Realty OC Inc
List Price
$700,000
Sold Price
$715,000
Premium/Discount to List
$15,000
2.14%
Current Estimated Value
$928,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,354
Avg. Annual Appreciation
5.99%
Original Mortgage
$560,000
Outstanding Balance
$505,612
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$422,742

Purchase Details

Listed on
Apr 19, 2016
Closed on
Jul 22, 2016
Sold by
Merino Michelle
Bought by
Merino Marc
Seller's Agent
Chris Murphy
Epic Realty Group, Inc
Buyer's Agent
John Sullivan
Windermere Homes & Estates
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%
Original Mortgage
$400,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 19, 2016
Closed on
Jun 14, 2016
Sold by
Doherty John
Bought by
Merino Marc
Seller's Agent
Chris Murphy
Epic Realty Group, Inc
Buyer's Agent
John Sullivan
Windermere Homes & Estates
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2013
Sold by
Joens Timothy L
Bought by
Doherty John

Purchase Details

Closed on
Apr 20, 1993
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
Peat Jack Richard $700,000 Ticor Title San Diego Branch
Merino Marc -- Ticor Title Co San Diego
Merino Marc $500,000 Ticor Title Co San Diego
Doherty John -- None Available
Jones Timothy L -- None Available
-- $253,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peat Jack Richard $560,000
Previous Owner Merino Marc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2021 05/03/21 Sold $715,000 +2.1% $468 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
02/09/2021 02/09/21 For Sale $700,000 +40.0% $458 / Sq Ft
08/01/2016 08/01/16 Sold $500,000 0.0% $327 / Sq Ft View Prior Sale
06/11/2016 06/11/16 Pending -- -- --
04/19/2016 04/19/16 For Sale $500,000 -- $327 / 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 $7,913 $757,701 $541,216 $216,485
2024 $7,913 $742,845 $530,604 $212,241
2023 $7,686 $728,280 $520,200 $208,080
2022 $7,690 $714,000 $510,000 $204,000
2021 $5,686 $536,099 $343,104 $192,995
2020 $5,731 $530,603 $339,586 $191,017
2019 $5,616 $520,200 $332,928 $187,272
2018 $5,531 $510,000 $326,400 $183,600
2017 $5,422 $500,000 $320,000 $180,000
2016 $3,206 $297,088 $190,985 $106,103
2015 $3,156 $292,627 $188,117 $104,510
2014 $3,096 $286,896 $184,433 $102,463
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Chris Murphy

    Epic Realty Group, Inc

    Section Image

  • D

    Buyer's Agent in 2021

    Debbie Maronto

    Pacific PlatinumPropertiesInc

    (949) 203-3949

    28 Total Sales

    Debbie Maronto
    Section Image

  • J

    Buyer's Agent in 2016

    John Sullivan

    Windermere Homes & Estates

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2101426

California Regional Multiple Listing Service (CRMLS)

APN: 102-140-10

California San Diego County Fallbrook 92028

38160 De Luz Rd, Fallbrook, CA

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