NOT LISTED FOR SALE

3892 Forbell Place Fallbrook, CA 92028

Estimated Value: $1,128,000 - $1,582,000

4 Beds
3 Baths
4,100 Sq Ft
$328/Sq Ft Est. Value

Last Sold September 28, 2023

Last sale price $1,300,000 $317 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $8,203/month

24 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating
  • La Paloma Elementary School Rated 9+

About This Home

As of September 2023

You won’t understand the tranquil, elevating energy of this property until you step foot on it and take a deep breath. One large 4 bed 2 bath home sits atop of the property and a large one bedroom jr ADA with spacious living room and it’s own entrance and access to the garage and washer/dryer as well as a completely separate home that you wouldn’t even know belongs to the same property that has 3 bedrooms 2 baths, sauna, 6 person Jacuzzi and it’s own 2 car garage, that is reinforced for a studio to be built above the garage. Recently constructed animal enclosure to host your Llamas, Alpacas, and/or goats. As well as a chicken coupe, and peacock area. The property is a eucalyptus farm and fruit trees surround the homes including grapefruit, tangerine, orange, blood orange and different types of lemons. Several planters around the property to grow your own fruit, vegetables, and herbs. A zip line as well as a creek at the bottom of the property with shaded trees make for many memories and adventures. Very private with space to park dozens of cars, RV’s, Boats, etc for events or storage. The property could be split into 2 lots each with its own home increasing the value by $300k-$500k. Lower house has been used as a short term rental. Both lower and upper house as well as junior ADU have recently went through a thorough remodel with all new flooring, paint, baseboards, kitchens, and bathrooms. Termite and wood, destroying pests clearance recently obtained from Mann VS Pest. Overall property has went through almost $200,000 in improvement’s and it’s absolutely stunning inside and out.

Last Agent to Sell the Property

Jason Stewart

ROA California Inc License #01478409 Listed on: 07/18/2023

Last Buyer's Agent

Barbara Obey

Prudential Calif. Realty License #00938487

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,100 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 123-480-60-00
  • Assessor Parcel Number 1234806000
  • $102 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: R-1:SINGLE FAM-RES
  • Property Type: Residential Income
  • Parcel Number: 1234806000
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 317.07

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre

Multi Family

  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 123-480-60-00
  • Tax Tract Number: PM1129
  • TaxOtherAnnualAssessmentAmount: 102.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2023
Closed on
Sep 27, 2023
Sold by
Pacheco David R
Bought by
Pacheco Lucila
Seller's Agent
Jason Stewart
ROA California Inc
Buyer's Agent
Barbara Obey
Prudential Calif. Realty
List Price
$1,495,000
Sold Price
$1,300,000
Premium/Discount to List
-$195,000
-13.04%
Views
66
Current Estimated Value
$1,342,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,814
Avg. Annual Appreciation
1.45%
Original Mortgage
$870,000
Outstanding Balance
$851,993
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$490,821

Purchase Details

Listed on
Jul 18, 2023
Closed on
Sep 6, 2023
Sold by
Be Epic
Bought by
Morales Miguel and Morales Diego A
Seller's Agent
Jason Stewart
ROA California Inc
Buyer's Agent
Barbara Obey
Prudential Calif. Realty
List Price
$1,495,000
Sold Price
$1,300,000
Premium/Discount to List
-$195,000
-13.04%
Views
66

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Outstanding Balance
$851,993
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$490,821

Purchase Details

Closed on
Jul 11, 2022
Sold by
Mckissick Russell S and Mckissick Lori C
Bought by
Epic Be

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Interest Rate
5.23%
Mortgage Type
Construction

Purchase Details

Closed on
May 2, 1994
Sold by
Mckissick Russell S and Mckissick Lori C
Bought by
Mckissick Russell S and Mckissick Lori C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 1988
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pacheco Lucila -- Lawyers Title
Morales Miguel $1,300,000 Lawyers Title
Epic Be $755,000 First American Title
Mckissick Russell S -- Chicago Title
-- $72,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Miguel $870,000
Previous Owner Epic Be $690,000
Previous Owner Mckissick Russell S $202,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2023 09/28/23 Sold $1,300,000 +0.8% $317 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
08/02/2023 08/02/23 Price Changed $1,290,000 -13.7% $315 / Sq Ft
07/18/2023 07/18/23 For Sale $1,495,000 -- $365 / 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 $14,001 $1,326,000 $816,000 $510,000
2024 $14,001 $1,300,000 $800,000 $500,000
2023 $8,084 $755,000 $500,000 $255,000
2022 $5,361 $487,905 $135,950 $351,955
2021 $5,182 $478,339 $133,285 $345,054
2020 $5,222 $473,435 $131,919 $341,516
2019 $5,120 $464,153 $129,333 $334,820
2018 $4,967 $455,053 $126,798 $328,255
2017 $4,869 $446,131 $124,312 $321,819
2016 $4,748 $437,384 $121,875 $315,509
2015 $4,672 $430,815 $120,045 $310,770
2014 $4,584 $422,377 $117,694 $304,683
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2303454

California Regional Multiple Listing Service (CRMLS)

APN: 123-480-60