NOT LISTED FOR SALE

431 Minnesota Ave Fallbrook, CA 92028

Estimated Value: $683,776 - $866,000

3 Beds
2 Baths
1,685 Sq Ft
$463/Sq Ft Est. Value

Last Sold January 24, 2020

Last sale price $470,000 $279 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,595/month

6 Days on Market

Highlights

  • Cross Fenced
  • Heating System Uses Natural Gas
  • 1-Story Property

About This Home

As of January 2020

Adorable 2-unit home in central Fallbrook. Front unit has been remodeled with new kitchen, paint, carpet. Both units have charming brick fireplaces, knotty pine walls, separate laundry and fenced yards. Live in front unit and collect $1200 rent from back unit. Or rent both units for $3k rental income. Great investment opportunity, starter home w/rental income, or home w/granny unit. 1685 sq ft & almost 1/4 acre lot. Neighborhoods: Near town Other Fees: 0 Unit # for Unit 1: 433 Unit # for Unit 2: 431 Number of Furnished Units: 0

Last Agent to Sell the Property

Maggie Rogan

UpCountri Homes & Estates License #01294013 Listed on: 12/13/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 9,813 Sq Ft Lot
  • Cross Fenced
  • Partially Fenced Property
  • Sprinkler System

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • 1-Story Property
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Single home

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 1031820100

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Park Name: Single home
  • Subdivision Name Other: Fallbrook
  • Property Type: Residential Income
  • Parcel Number: 1031820100
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Cross Fenced, Partial
  • Roof: Composition

Utilities

  • Heating: Yes
  • Heating Type: Natural Gas

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 9813.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Scheduled Income: 3000.00
  • Lot Size Area: 9813.0000 Square Feet
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2019
Closed on
Dec 19, 2019
Sold by
Rogan Margaret B and Stout James E
Bought by
Allison Sara and Carboni Claudio
Seller's Agent
Maggie Rogan
UpCountri Homes & Estates
List Price
$459,000
Sold Price
$470,000
Premium/Discount to List
$11,000
2.4%
Current Estimated Value
$780,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,694
Avg. Annual Appreciation
8.81%
Original Mortgage
$454,313
Outstanding Balance
$399,752
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$380,942

Purchase Details

Listed on
Nov 30, 2016
Closed on
Dec 5, 2016
Sold by
Bastain Mark H and Bastain Jane E
Bought by
Rogan Margaret B and Stout James
Seller's Agent
Diane Peacock
Realty ONE Group Pacific
Buyer's Agent
Maggie Rogan
UpCountri Homes & Estates
List Price
$390,000
Sold Price
$390,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.33%
Original Mortgage
$292,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2004
Sold by
Bastain Mark H and Bastain Jane E
Bought by
Bastain Mark H and Bastain Jane E

Purchase Details

Closed on
May 22, 1989

Purchase Details

Closed on
Dec 8, 1986

Purchase Details

Closed on
May 29, 1985
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
Allison Sara $470,000 Ticor Title Insurance Co
Rogan Margaret B $390,000 Ticor Title Insurance Co
Bastain Mark H -- --
-- $130,000 --
-- $107,000 --
-- $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allison Sara $454,313
Previous Owner Rogan Margaret B $292,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/24/2020 01/24/20 Sold $470,000 +2.4% $279 / Sq Ft
12/19/2019 12/19/19 Pending -- -- --
12/13/2019 12/13/19 For Sale $459,000 +17.7% $272 / Sq Ft
01/09/2017 01/09/17 Sold $390,000 0.0% $231 / Sq Ft View Prior Sale
12/02/2016 12/02/16 Pending -- -- --
11/30/2016 11/30/16 For Sale $390,000 -- $231 / 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 $5,418 $514,007 $231,232 $282,775
2024 $5,418 $503,930 $226,699 $277,231
2023 $5,259 $494,050 $222,254 $271,796
2022 $5,262 $484,364 $217,897 $266,467
2021 $5,095 $474,868 $213,625 $261,243
2020 $4,533 $413,868 $186,183 $227,685
2019 $4,451 $405,754 $182,533 $223,221
2018 $4,384 $397,799 $178,954 $218,845
2017 $2,345 $210,174 $94,549 $115,625
2016 $2,287 $206,054 $92,696 $113,358
2015 $2,237 $202,960 $91,304 $111,656
2014 $2,196 $198,985 $89,516 $109,469
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 190065054

California Regional Multiple Listing Service (CRMLS)

APN: 103-182-01