NOT LISTED FOR SALE

408 Olive Hill Way Fallbrook, CA 92028

Estimated Value: $1,167,000 - $1,593,000

3 Beds
4.5 Baths
2,056 Sq Ft
$672/Sq Ft Est. Value

Last Sold August 11, 2022

Last sale price $1,387,000 $675 Per Sq Ft

Current estimated payment $8,444/month

7 Days on Market

Highlights

  • Golf Course Community
  • Barn
  • In Ground Pool
  • Community Stables
  • Horse Property
  • Fishing

About This Home

As of August 2022

Rarely available, this Sensational Single Level Weir Brothers Adobe is majestically sited on an elevated 360 degree view knoll at the end of a tree-lined country lane! With over 4.5 acres of incredibly rare, mature drought-tolerant, specimen trees, flowering cactus, aloes, agaves, cycads & palms from around the globe, this Botanical Wonderland has come to market for the first time in 19 years! Live the Early California Rancho Lifestyle in this lovingly restored Hacienda complete w/huge hand-sewn beams, forged hardware & beautiful hand-painted tiles throughout! Tons of natural light via oversized windows, the huge country kitchen & butler's pantry has tons of storage while the primary bedroom suite of over 800 feet features a gorgeous bath & private breakfast lanai! The lush, flower-filled free-form pool area has wonderful views to the East with a built-in BBQ island & large, shady dining area! A two stall adobe barn w/tack rooms (possibly a guest house) along w/42 owned solar panels, large metal building, a well & 2000 feet of shade house including a whimsical outhouse! Fully fenced & very private, this rare offering exudes the charm of yesteryear, having only two owners since new. Historically referred to as The Colonel Hays Adobe, it took almost a year to form the thousands of adobe bricks from this property to create such a relaxed work of art! It's not just a home, this is a versatile compound, a palate to stir those creative juices! An air-conditioned Dog Spa at the rear of the oversized garage sports a full bath & could be another ADU! The gentle topography easily lends itself to grape vines or other crops while currently planted w/over 7000 drought-tolerant rare Yucca Rostratas. Wonderful location on the West side of town, the cool coastal breeze comes in almost every afternoon while access out to Hwy 76 and the beach is less than 30 minutes. Five minutes to Fallbrook High and ten minutes to town!

Last Agent to Sell the Property

Steven Leach

Healstone Investment RE Inc License #01098392 Listed on: 07/01/2022

Healstone Investment RE Inc

Last Buyer's Agent

Lingyao Walsh

Seven Gables Real Estate License #01327322

Seven Gables Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 4.57 Acre Lot
  • Cul-De-Sac
  • Rural Setting
  • Kennel
  • Vinyl Fence
  • Chain Link Fence
  • Secluded Lot
  • Sprinkler System
  • Wooded Lot
  • Garden
  • Property is zoned Residential/Agriculture

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors
  • Circular Driveway
  • Auto Driveway Gate
  • RV Access or Parking
  • Golf Cart Garage
  • Controlled Entrance

Property Views

  • Panoramic
  • Woods
  • Hills

Home Design

  • Custom Home
  • Entry on the 1st floor
  • Turnkey
  • Spanish Tile Roof
  • Concrete Perimeter Foundation
  • Adobe

Interior Spaces

  • 2,056 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Double Door Entry
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Home Office
  • Workshop
  • Storage
  • Laundry Room
  • Tile Flooring

Kitchen

  • Country Kitchen
  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Six Burner Stove
  • Propane Cooktop
  • Range Hood
  • Tile Countertops
  • Pots and Pans Drawers
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Maid or Guest Quarters
  • Tile Bathroom Countertop
  • Hydromassage or Jetted Bathtub
  • Separate Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Solar Power System
  • Water-Smart Landscaping

Outdoor Features

  • In Ground Pool
  • Horse Property
  • Covered Patio or Porch
  • Lanai
  • Shed
  • Outbuilding
  • Outdoor Grill

Location

  • Suburban Location

Farming

  • Barn
  • Agricultural

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Propane
  • Agricultural Well Water Source
  • Engineered Septic

Listing and Financial Details

  • Tax Tract Number 75006
  • Assessor Parcel Number 1210220400

Community Details

Overview

  • No Home Owners Association
  • Foothills
  • Property is near a preserve or public land

Amenities

  • Service Entrance

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Dog Park
  • Community Stables
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1972 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Maintained, Country Road
  • Road Surface Type: Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: Residential/Agriculture
  • Architectural Style: Custom Built, Ranch
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1210220400
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2056.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Built-in Features, High Ceilings, Open Floorplan, Storage, Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Double Door Entry, Service Entrance
  • Eating Area: Breakfast Counter / Bar, Country Kitchen, Dining Room
  • Entry Level: 1
  • Fireplace Features: Dining Room, Living Room
  • Levels: One
  • Price Per Square Foot: 674.61
  • Room Type: All Bedrooms Down, Den, Entry, Family Room, Formal Entry, Foyer, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Suite, Office, Walk-In Closet, Walk-In Pantry, Workshop
  • Bathroom Features: Exhaust Fan(s), Jetted Tub, Linen Closet/Storage, Remodeled, Separate Tub And Shower, Tile Counters, Walk-In Shower, Bathtub
  • Room Kitchen Features: Butler's Pantry, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Concrete Perimeter
  • Other Structures: Barn(s), Outbuilding, Shed(s), Storage
  • Exterior Features: Kennel
  • View: Hills, Panoramic, Trees/Woods
  • Fence: Yes
  • Fencing: Chain Link, Vinyl
  • Patio And Porch Features: Covered, Lanai
  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Adobe

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Circular Driveway, Controlled Entrance, Direct Garage Access, Asphalt, Garage - Two Door, Golf Cart Garage, Oversized, Private, RV Access/Parking
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Propane, Electricity Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In, Disposal, Propane Cooktop, Range Hood, Vented Exhaust Fan
  • Electric: Electricity - On Property
  • Heating Type: Electric, Fireplace(s), Forced Air, Heat Pump
  • Laundry Features: Individual Room, Inside
  • Sewer: Engineered Septic
  • Water Source: Agricultural Well, Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Golf, Horse Trails, Preserve/Public Land, Stable(s), Rural, Suburban, Biking, Dog Park, Fishing, Hiking, Park

Green Features

  • Green Water Conservation: Water-Smart Landscaping
  • Green Power: Solar

Lot Info

  • Land Lease: No
  • Lot Features: Agricultural, Agricultural - Tree/Orchard, Cul-De-Sac, Garden, Horse Property, Lot Over 40000 Sqft, Ranch, Secluded, Sprinkler System, Treed Lot
  • Lot Size: 199,069 SF
  • Lot Size Sq Ft: 199069.20
  • Lot Size Acres: 4.5700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4.5700 Acres
  • Number Of Units In Community: 1

Tax Info

  • Tax Tract Number: 75006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2022
Closed on
Aug 3, 2022
Sold by
Rauch Family Trust
Bought by
Lisa Beth Walsh Trust
Seller's Agent
Steven Leach
Healstone Investment RE Inc
Buyer's Agent
Lingyao Walsh
Seven Gables Real Estate
List Price
$1,387,000
Sold Price
$1,387,000
Views
2
Current Estimated Value
$1,381,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,096
Avg. Annual Appreciation
-0.11%
Original Mortgage
$970,900
Outstanding Balance
$929,613
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$452,292

Purchase Details

Closed on
Dec 21, 2006
Sold by
Rauch Steven Michael and Rauch Kelly Hennessy
Bought by
Rauch Steven Michael and Rauch Kelly Hennessy

Purchase Details

Closed on
Apr 28, 2004
Sold by
Hennessy Kelly E
Bought by
Hennessy Kelly E and Rauch Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,000
Interest Rate
5.35%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 13, 2003
Sold by
Hays Robert B
Bought by
Hennessy Kelly E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,600
Interest Rate
3.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 11, 2003
Sold by
Hays Evelyn D
Bought by
Hays Robert B and Hays Lynn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lisa Beth Walsh Trust $1,387,000 Fidelity National Title
Rauch Steven Michael -- None Available
Hennessy Kelly E -- Commonwealth Land Title Co
Hennessy Kelly E $717,000 Commonwealth Land Title Co
Hays Robert B -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lisa Beth Walsh Trust $970,900
Previous Owner Hennessy Kelly E $367,000
Previous Owner Hennessy Kelly E $573,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2022 08/11/22 Sold $1,387,000 0.0% $675 / Sq Ft
07/09/2022 07/09/22 Pending -- -- --
07/01/2022 07/01/22 For Sale $1,387,000 -- $675 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,218 $1,443,034 $1,196,460 $246,574
2024 $15,218 $1,414,740 $1,173,000 $241,740
2023 $14,800 $1,387,000 $1,150,000 $237,000
2022 $11,430 $1,053,445 $535,910 $517,535
2021 $7,937 $740,000 $365,000 $375,000
2020 $8,081 $740,000 $365,000 $375,000
2019 $7,644 $700,000 $346,000 $354,000
2018 $7,515 $685,000 $339,000 $346,000
2017 $7,242 $660,000 $327,000 $333,000
2016 $6,555 $600,000 $298,000 $302,000
2015 $6,117 $560,000 $279,000 $281,000
2014 $5,634 $515,000 $257,000 $258,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2206915

California Regional Multiple Listing Service (CRMLS)

APN: 121-022-04