NOT LISTED FOR SALE

407 W E St Encinitas, CA 92024

Estimated Value: $5,725,000 - $10,227,620

5 Beds
6 Baths
5,422 Sq Ft
$1,579/Sq Ft Est. Value

Last Sold May 21, 2020

Last sale price $8,800,000 $1,623 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $56,441/month

26 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Deck
  • Paul Ecke-Central Elementary Rated A
  • Heated Spa
  • 3-minute walk to D Street Viewpoint Park

About This Home

As of May 2020

LIVE Urban Coastal: Located above the beach in the charming village of Encinitas, this newly built waterfront estate designed by Friehauf Architects blends modern style with warm finishes to create a tranquil contemporary oasis. Epic ocean, whitewater and coastline views are enjoyed from most rooms and a multitude of decks, with floor-to-ceiling windows framing dramatic Pacific panoramas. Approx. 5,422 s.f., the multi-level design incorporates 4 ensuite bedrooms, dual family rooms, an office, a bar and a wine wall. The open-concept home is further enriched by a massive kitchen with sleek custom wood cabinetry, a full-size wine refrigerator, island, stainless steel appliances and a large dining area. Complete with a private view deck, the spectacular master suite is the epitome of opulent simplicity lifted higher by priceless ocean views. Served by an elevator and powered by a whole-house solar system, the state-of-the-art estate boasts a temperature-controlled A/V room, privacy and sun shades throughout, illuminated ceilings, wood floors, a floating staircase, and a Savant smart-home system controlling music, lighting, shades and climate. Elegant outdoor spaces include a spool, heated patios, a built-in BBQ, a custom fire feature, a surf shower and a backyard entertainment area.. Neighborhoods: Beach Equipment: Pool/Spa/Equipment, Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL

Last Agent to Sell the Property

K. Ann Brizolis

Pacific Sotheby's Int'l Realty License #00751535 Listed on: 01/23/2020

Pacific Sotheby's Int'l Realty

Co-Listed By

Jennifer Janzen-Botts

Pacific Sotheby's Int'l Realty License #01429095

Last Buyer's Agent

Garret Milligan

Compass License #01848820

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $100,667

Year Built

  • Built in 2018

Lot Details

  • 5,106 Sq Ft Lot
  • Glass Fence
  • Security Fence
  • Masonry wall
  • Wrought Iron Fence
  • Privacy Fence
  • Fence is in excellent condition
  • Drip System Landscaping
  • Sprinkler System
  • Property is zoned R1

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available

Home Design

  • Modern Architecture
  • Fire Rated Drywall
  • Metal Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • 5,422 Sq Ft Home
  • 3-Story Property
  • Fireplace With Gas Starter
  • Entrance Foyer
  • Wine Cellar
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Home Office
  • Recreation Room
  • Bonus Room
  • Game Room
  • Workshop
  • Utility Room
  • Ocean Views

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Indoor Grill
  • Gas Cooktop
  • Range Hood
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Main Floor Bedroom
  • Walk-In Closet
  • Dressing Area

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Window Bars
  • Home Security System
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Eco-Friendly Details

  • Solar Heating System

Pool

  • Heated Spa
  • In Ground Spa
  • Heated Pool
  • Solar Heated Spa
  • Solar Heated Pool
  • Permits For Spa

Outdoor Features

  • Deck
  • Covered patio or porch
  • Fireplace in Patio
  • Outdoor Fireplace
  • Fire Pit
  • Outdoor Grill

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Gas Water Heater

Community Details

  • Olde Encinitas

Listing and Financial Details

  • Assessor Parcel Number 2581511400

Home Details

Home Type

Single Family

Est. Annual Taxes

$100,667

Year Built

Built in 2018

Lot Details

0

Parking

4

Listing Details

  • Park Name: Olde Encinitas
  • Property Attached: No
  • Security: Window Bars, Fire Sprinkler System, Security System, Fire Rated Drywall, Security Lights, Smoke Detector(s), Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • Subdivision Name Other: Encinitas
  • View: Yes
  • Zoning: R1
  • Architectural Style: Modern
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2581511400
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5422.00
  • Stories: 3
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Eating Area: Area, Family Kitchen
  • Fireplace Features: Family Room, Living Room, Patio, Fire Pit, Gas Starter, Outside
  • Levels: Three Or More
  • Price Per Square Foot: 1623.02
  • Room Type: Main Floor Bedroom, Bonus Room, Den, Family Room, Retreat, Office, Wine Cellar, Workshop, Utility Room, Game Room, Kitchen, Living Room, Master Bedroom, Recreation, Dressing Area, Entry, Foyer, Laundry, Master Bathroom, Walk-In Closet, Walk-In Pantry
  • Spa Features: In Ground, Heated, Private, Solar Heated, Permits

Exterior Features

  • Patio: Yes
  • View: Ocean
  • Fence: Yes
  • Fencing: Glass, Masonry, Excellent Condition, Privacy, Wrought Iron, Security
  • Patio And Porch Features: Covered, Deck, Concrete, Patio, Patio Open, Porch, Front Porch, Rear Porch
  • Pool Features: Heated, Solar Heat
  • Pool Private: No
  • Roof: Metal
  • Spa: Yes
  • Construction Materials: Stone, Stucco, Glass

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Uncovered, Concrete
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater, Tankless Water Heater, ENERGY STAR Qualified Water Heater, Instant Hot Water, Water Heater, Dishwasher, Disposal, Microwave, Refrigerator, Gas Oven, Gas Cooktop, Indoor Grill, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Warming Drawer, Barbecue, Gas Range, Counter Top, Gas Cooking
  • Heating Type: Natural Gas, Solar, Forced Air
  • Laundry Features: Gas Dryer Hookup, Individual Room
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Features: Sprinklers Drip System, Sprinkler System
  • Lot Size Sq Ft: 5106.00

Multi Family

  • Lot Size Area: 5106.0000 Square Feet
  • Number Of Units In Community: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2020
Sold by
Leddy Peter M and Leddy Laura
Bought by
47 Encinitas Llc
Total Days on Market
26
Current Estimated Value
$8,560,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,600,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2015
Sold by
Leddy Peter M and Leddy Laura J
Bought by
The Leddy Trust

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
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 6, 2014
Closed on
Dec 17, 2014
Sold by
Blackwell Stanley B
Bought by
Blackwell Patricia
Seller's Agent
Tom Cozens
First Team Real Estate
Buyer's Agent
John Wesley
Santa Clara County Association Of Realtors
List Price
$2,200,000
Sold Price
$2,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.00%

Purchase Details

Closed on
Nov 17, 2014
Sold by
Blackwell Patricia
Bought by
Leddy Peter M and Leddy Laura

Purchase Details

Closed on
Jun 14, 2007
Sold by
Ley Leroy J
Bought by
Ley Leroy J and 2007 Leroy J Ley Ii Revocable

Purchase Details

Closed on
Dec 26, 2001
Sold by
Ley Winda
Bought by
Ley Leroy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
7.01%

Purchase Details

Closed on
Jun 12, 1998
Sold by
Ley Leroy Jackson and Ley Ii Leyroy J
Bought by
Ley Leroy Jackson and The Ley Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 1997
Sold by
Ley Roy J
Bought by
Ley Leroy Jackson and Ley Family Trust
Source: Public Records

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Range of Values:

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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
47 Encinitas Llc $8,800,000 First American Title Company
The Leddy Trust -- Provident Title Company
Leddy Peter M -- Provident Title Company
Blackwell Patricia -- Lawyers Title
Leddy Peter M $2,200,000 Lawyers Title
Ley Leroy J -- None Available
Revoca Blackwell Patricia -- None Available
Ley Leroy J -- None Available
Ley Leroy J -- None Available
Ley Leroy J -- Lawyers Title
Ley Leroy J -- Lawyers Title
Ley Leroy Jackson -- --
Ley Leroy J -- American Title Co
Ley Leroy Jackson -- American Title Co
Ley Leroy Jackson -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 47 Encinitas Llc $6,600,000
Previous Owner Leddy Peter M $1,000,000
Previous Owner Leddy Peter M $1,000,000
Previous Owner Ley Ii Leroy J $288,500
Previous Owner Ley Ii Leroy J $15,000
Previous Owner Ley Ii Leroy J $80,000
Previous Owner Ley Ii Leroy J $141,000
Previous Owner Ley Leroy J $139,000
Previous Owner Ley Leroy Jackson $30,000
Previous Owner Ley Leroy Jackson $86,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2020 05/21/20 Sold $8,800,000 -7.4% $1,623 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
01/23/2020 01/23/20 For Sale $9,500,000 +331.8% $1,752 / Sq Ft
01/23/2015 01/23/15 Sold $2,200,000 0.0% $1,039 / Sq Ft
11/13/2014 11/13/14 Pending -- -- --
11/06/2014 11/06/14 For Sale $2,200,000 -- $1,039 / 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 $100,667 $9,435,375 $7,505,413 $1,929,962
2023 $98,157 $9,250,369 $7,358,249 $1,892,120
2022 $96,829 $9,068,990 $7,213,970 $1,855,020
2021 $94,858 $8,891,168 $7,072,520 $1,818,648
2020 $41,933 $3,921,789 $2,465,229 $1,456,560
2019 $41,068 $3,844,892 $2,416,892 $1,428,000
2018 $35,136 $3,270,522 $2,370,522 $900,000
2017 $191 $2,423,143 $2,323,042 $100,101
2016 $24,076 $2,233,549 $2,228,473 $5,076
2015 $1,557 $78,778 $61,882 $16,896
2014 -- $77,236 $60,670 $16,566
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200003868

California Regional Multiple Listing Service (CRMLS)

APN: 258-151-14