NOT LISTED FOR SALE

503 Ocean Bluff Way Encinitas, CA 92024

Estimated Value: $4,180,448 - $5,249,000

5 Beds
5.5 Baths
5,343 Sq Ft
$872/Sq Ft Est. Value

Last Sold December 19, 2012

Last sale price $2,100,000 $393 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $28,394/month

49 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Wood Flooring
  • Ocean Knoll Elementary School Rated A
  • 0.43 Acre Lot
  • Main Floor Bedroom

About This Home

As of December 2012

Exquisite Ocean View Estate Home. Spectacular! 4 bedrooms plus self-contained, detached guesthouse with full kitchen and private entrance. Beautiful upgrades that greatly enhance this gorgeous estate home include, fabulous private pool and spa, sports court, outdoor entertaining pavilion, BBQ and Fireplace. Sound System Vnet with 6 touchpads, gourmet kitchen with wine refrigerator, wood floors, crown moulding, custom paint and window coverings, upstairs laundry, 3 car garage. See Supplement. [Supplement]: Revel in dazzling sunsets and lovely ocean and coastline views from this gorgeous residence at The Gallery in Encinitas. This customized home is a showcase of chic coastal style with timeless Mediterranean influences. Approximately 5343 square feet, the residence comprises 4 bedrooms , 4.5 bathrooms in the main house , plus a detached guest house with full bath and complete kitchen. Spacious living areas that open to an expansive ocean view patio for alfresco living and entertaining in all seasons. Relax in your luxe master suite with sitting area, fireplace, spa-inspired bathroom, large dressing closet and ocean view deck. Indulge your passion for cooking in a gourmet kitchen clad in detailed stone work with a large center island, full complement of chef-grade appliances and generous seating. Relax in the inviting family room with floor to ceiling fireplace, flat screen television, billiards area and wood and glass doors that open to the view patio creating a large indoor/outdoor space. This marvelous residence also features tech amenities including security system, Vnet sound system with 6 touchpads and audio surround in the public spaces. You'll also enjoy expansive and private grounds that promise fantastic entertaining with sun terrace decks, covered entertaining pavilion, full outdoor BBQ, a sparkling pool and spa, outdoor fire features, a 1/2 basketball court and more! This wonderful location is close to shopping, dining, recreation and minutes to the beach.

Last Agent to Sell the Property

Danielle Short

Pacific Sotheby's Int'l Realty License #01199071 Listed on: 10/01/2012

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Amy Farber

Coldwell Banker Realty License #00706034

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,271

Year Built

  • Built in 2008

Lot Details

  • 0.43 Acre Lot
  • Level Lot
  • Sprinkler System
  • Property is zoned R1

Parking

  • 3 Car Attached Garage
  • Attached Carport
  • Parking Available
  • Garage Door Opener

Property Views

  • Ocean
  • Panoramic

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 5,343 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Fire Sprinkler System

Kitchen

  • Microwave
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Pool

  • In Ground Pool
  • Heated Spa

Outdoor Features

  • Fireplace in Patio
  • Fire Pit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2581414600
  • $800 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,271

Year Built

Built in 2008

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Fire Sprinkler System
  • Subdivision Name Other: ENCINITAS
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2581414600
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5343.00 Square Feet
  • Stories: 2
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Fire Pit, Patio
  • Levels: Two
  • Price Per Square Foot: 393.04
  • Room Type: Main Floor Bedroom
  • Spa Features: Heated, Private

Exterior Features

  • View: Ocean, Panoramic
  • Pool Features: In Ground
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Attached Carport, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Water Heater, Microwave, Refrigerator
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Individual Room, Gas Dryer Hookup
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Sprinkler System
  • Lot Size Sq Ft: 18730.80
  • Lot Size Acres: 0.4300

Multi Family

  • Lot Size Area: 0.4300 Acres

Tax Info

  • TaxOtherAnnualAssessmentAmount: 800.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2012
Closed on
Nov 27, 2012
Sold by
Ellis Charles M
Bought by
Mangelsdorf Christopher and Mangelsdorf Nachi
Seller's Agent
Danielle Short
Pacific Sotheby's Int'l Realty
Buyer's Agent
Amy Farber
Coldwell Banker Realty
List Price
$2,295,000
Sold Price
$2,100,000
Premium/Discount to List
-$195,000
-8.5%
Current Estimated Value
$4,659,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,559,112
Avg. Annual Appreciation
6.58%
Original Mortgage
$1,470,000
Outstanding Balance
$1,024,640
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$3,634,472

Purchase Details

Closed on
Apr 8, 2010
Sold by
Mcdonnell Brian and Mcdonnell Deborah
Bought by
Ellis Charles M and Charles M Ellis Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$697,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2008
Sold by
Encinitas Gallery Ii Llc
Bought by
Mcdonnell Brian and Mcdonnell Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Mangelsdorf Christopher $2,100,000 Stewart
Ellis Charles M $1,675,000 Stewart Title Company
Mcdonnell Brian $1,850,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mangelsdorf Christopher $1,470,000
Previous Owner Ellis Charles M $690,236
Previous Owner Ellis Charles M $697,500
Previous Owner Mcdonnell Brian $729,500
Previous Owner Encinitas Gallery Ii Llc $57,000
Previous Owner Encinitas Gallery Ii Llc $1,800,000
Previous Owner Encinitas Gallery Ii Llc $29,600
Previous Owner Encinitas Gallery Ii Llc $100,000
Previous Owner Encinitas Gallery Ii Llc $3,685,500
Previous Owner Encinitas Gallery Ii Llc $3,000,000
Previous Owner Encinitas Gallery Ii Llc $570,000
Previous Owner Encinitas Gallery Ii Llc $1,000,000
Previous Owner The Woodson Group Llc $1,185,487
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2012 12/19/12 Sold $2,100,000 -8.5% $393 / Sq Ft
11/19/2012 11/19/12 Pending -- -- --
10/01/2012 10/01/12 For Sale $2,295,000 -- $430 / 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 $29,271 $2,535,283 $1,207,278 $1,328,005
2023 $28,656 $2,485,572 $1,183,606 $1,301,966
2022 $28,134 $2,436,837 $1,160,399 $1,276,438
2021 $28,133 $2,389,057 $1,137,647 $1,251,410
2020 $27,680 $2,364,561 $1,125,982 $1,238,579
2019 $27,158 $2,318,198 $1,103,904 $1,214,294
2018 $26,704 $2,272,744 $1,082,259 $1,190,485
2017 $191 $2,228,182 $1,061,039 $1,167,143
2016 $25,825 $2,184,493 $1,040,235 $1,144,258
2015 $25,348 $2,151,681 $1,024,610 $1,127,071
2014 $25,018 $2,109,534 $1,004,540 $1,104,994
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 120049502

California Regional Multiple Listing Service (CRMLS)

APN: 258-141-46