NOT LISTED FOR SALE

525 W Elder St Fallbrook, CA 92028

Estimated Value: $618,000 - $730,000

2 Beds
1.5 Baths
861 Sq Ft
$780/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $560,100 $651 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,172/month

4 Days on Market

Highlights

  • RV Access or Parking
  • Granite Countertops
  • Cottage
  • Main Floor Bedroom
  • No HOA
  • Covered Patio or Porch

About This Home

As of July 2021

Super Clean & Upgraded Single Story Home in Fallbrook, Walking Distance to Historic Downtown and Library. The Main House Features 2 Bedrooms, 1 Full Bath, Kitchen, Living & Dining Area w/ Cozy Fireplace, and a 1/2 Bath. The Detached Unpermitted ADU includes 1 Bedroom, 1 Bath, Living Area & Kitchenette. Laminate Flooring in all Rooms and Living Areas. Newer Vinyl Windows. Kitchen w/ Granite Counters. Interior Laundry Area. Shared Private Covered Patio Area. Elongated Side Parking, RV Parking is Possible. Desirable Front & Back Yard w/ Drought Tolerant Plants and Fruit Trees. Large Private Backyard w/ Shed.

Last Agent to Sell the Property

Karen Myatt

Century 21 Masters License #01048979 Listed on: 06/02/2021

Century 21 Masters

Co-Listed By

Todd Myatt

Century 21 Masters License #01395249

Last Buyer's Agent

John Cella

Coldwell Banker Realty License #00646090

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,183

Year Built

  • Built in 1924

Lot Details

  • 7,405 Sq Ft Lot
  • Wood Fence
  • Property is zoned R1

Home Design

  • Cottage
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 861 Sq Ft Home
  • 1-Story Property
  • French Doors
  • Family Room with Fireplace
  • Dining Room
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Bathtub with Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Covered Patio or Porch
  • Shed

Location

  • Suburban Location

Utilities

  • Central Air
  • Floor Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5955
  • Assessor Parcel Number 1033013600

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,183

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: Call/Text Karen
  • Other Phone Number: 951-326-5000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: R1
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1033013600
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 861.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: French Doors
  • Eating Area: Dining Room
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 650.52
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom
  • Bathroom Features: Shower In Tub
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Other Structures: Shed(s)
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Covered, Patio, Porch, Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, RV Access/Parking

Utilities

  • Utilities: Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Heating Type: Floor Furnace
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Fallbrook Union

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7405.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 189.04
  • Tax Lot: 1
  • Tax Tract Number: 5955

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jun 24, 2021
Sold by
Wire Leila and Wire Family Trust
Bought by
Mcarthur Rachel and Mcarthur Aidan
Seller's Agent
Karen Myatt
Century 21 Masters
Buyer's Agent
John Cella
Coldwell Banker Realty
List Price
$525,000
Sold Price
$560,100
Premium/Discount to List
$35,100
6.69%
Current Estimated Value
$671,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,060
Avg. Annual Appreciation
3.66%
Original Mortgage
$346,000
Outstanding Balance
$315,299
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$334,878

Purchase Details

Closed on
Dec 19, 2003
Sold by
Wire Leila
Bought by
Wire Leila

Purchase Details

Closed on
Dec 15, 2003
Sold by
Wire Leila
Bought by
Wire Leila

Purchase Details

Closed on
Nov 10, 2000
Sold by
Miller Robert F & Dorothy Trs
Bought by
Miller Robert Franklin and Miller Dorothy Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 9, 2000
Sold by
Wire Nim E
Bought by
Wire Leila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 22, 1988
Source: Public Records

Range of Values:

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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
Mcarthur Rachel $560,500 Stewart Title Of Ca Inc
Wire Leila -- --
Wire Leila -- --
Miller Robert Franklin -- --
Wire Leila -- --
-- $93,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcarthur Rachel $346,000
Previous Owner Wire Leila $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $560,100 -1.9% $651 / Sq Ft
06/08/2021 06/08/21 Price Changed $571,000 +8.8% $663 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $525,000 -6.3% $610 / Sq Ft
05/24/2021 05/24/21 Off Market $560,100 -- --
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 $6,183 $594,382 $424,483 $169,899
2024 $6,183 $582,728 $416,160 $166,568
2023 $5,999 $571,302 $408,000 $163,302
2022 $6,000 $560,100 $400,000 $160,100
2021 $1,729 $165,655 $110,446 $55,209
2020 $1,744 $163,957 $109,314 $54,643
2019 $1,713 $160,743 $107,171 $53,572
2018 $1,685 $157,592 $105,070 $52,522
2017 $1,651 $154,503 $103,010 $51,493
2016 $1,608 $151,475 $100,991 $50,484
2015 $1,575 $149,201 $99,475 $49,726
2014 $1,620 $146,279 $97,527 $48,752
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21099344

California Regional Multiple Listing Service (CRMLS)

APN: 103-301-36