NOT LISTED FOR SALE

5420 Carlsbad Blvd Carlsbad, CA 92008

Estimated Value: $3,855,477 - $4,829,000

9 Beds
8.5 Baths
5,501 Sq Ft
$774/Sq Ft Est. Value

Last Sold April 24, 2024

Last sale price $4,000,000 $727 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $25,171/month

25 Days on Market

Highlights

  • Ocean View
  • Home Theater
  • Primary Bedroom Suite
  • Carlsbad High School Rated A
  • Fishing
  • Maid or Guest Quarters

About This Home

As of April 2024

MAJOR PRICE DROP! The iconic Carlsbad landmark known as "The Victorian Mansion" is available for purchase. This unbelievable 9 bed 8.5 bath property boasts unobstructed panoramic ocean views from nearly every window! With over 5,500 sqft of interior living space and a full guest house, the options are endless. Perfect for multi-generational living, multi-unit investment property, second home, or a full/partial vacation rental...Live in the main house and rent the additional units? This Property features multiple en-suite bedrooms, a 1 bed/bath plus loft guest house, maid quarters, home theater, multiple kitchens/bars, full game room, & more. 3rd level has it's own private entrance with 2 en-suite bedrooms plus kitchenette making it possible for as a 3 unit property. Enjoy the benefits of an ocean front property without the worries of a seawall or bluff erosion. Did I mention, Terramar Beach access is directly across the street? Look around, this is an unbelievable value at the beach in Carlsbad. Priced at under $900 per sqft! An extremely safe asset to hedge against inflation during these crazy times! Don't let this opportunity slip away!

Last Agent to Sell the Property

Paul Fan

Willis Allen Real Estate Brokerage Email: paulfan@willisallen.com License #01367484 Listed on: 02/01/2024

Willis Allen Real Estate

Co-Listed By

Tom Chek

Willis Allen Real Estate Brokerage Email: paulfan@willisallen.com License #01726400

Last Buyer's Agent

OUT OF AREA

OUT OF AREA License #0

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,421

Year Built

  • Built in 1986

Lot Details

  • 7,200 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Level Lot
  • Density is up to 1 Unit/Acre

Property Views

  • Ocean
  • Panoramic

Home Design

  • Duplex

Interior Spaces

  • 5,501 Sq Ft Home
  • 3-Story Property
  • Entryway
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Home Theater
  • Bonus Room
  • Game Room
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Tax Tract Number 3312
  • Assessor Parcel Number 2101152200

Community Details

Overview

  • No Home Owners Association

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,421

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 2101152200
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5501.00 Square Feet
  • Stories: 3
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 8
  • Full And Three Quarter Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 9
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 727.14
  • Room Type: Bonus Room, Entry, Family Room, Game Room, Great Room, Guest/Maid's Quarters, Home Theatre, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Walk-In Closet

Exterior Features

  • Direction Faces: West
  • View: Ocean, Panoramic
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Storm Drains, Street Lights, Biking, Fishing, Watersports

Schools

  • School District: Carlsbad Unified

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level
  • Lot Size Sq Ft: 7200.00
  • Lot Size Acres: 0.1653

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7200.0000 Square Feet
  • Number Of Units In Community: 1

Tax Info

  • Tax Tract Number: 003312

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Apr 24, 2024
Sold by
Soelberg Brandon
Bought by
Terramar Cliffs Llc
Seller's Agent
Paul Fan
Willis Allen Real Estate
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$4,498,888
Sold Price
$4,000,000
Premium/Discount to List
-$498,888
-11.09%
Views
239
Current Estimated Value
$4,257,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,869
Avg. Annual Appreciation
2.18%
Original Mortgage
$3,000,000
Outstanding Balance
$2,974,729
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$1,126,807

Purchase Details

Listed on
Feb 1, 2024
Closed on
Apr 21, 2024
Sold by
Soelberg Katherine
Bought by
Soelberg Brandon
Seller's Agent
Paul Fan
Willis Allen Real Estate
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$4,498,888
Sold Price
$4,000,000
Premium/Discount to List
-$498,888
-11.09%
Views
239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,974,729
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$1,126,807

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 18, 2024
Sold by
Waters Edge Living Trust and Cusanelli Joseph
Bought by
Soelberg Brandon
Seller's Agent
Paul Fan
Willis Allen Real Estate
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$4,498,888
Sold Price
$4,000,000
Premium/Discount to List
-$498,888
-11.09%
Views
239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,974,729
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$1,126,807

Purchase Details

Closed on
May 20, 2021
Sold by
Cusanelli Joseph
Bought by
Cusanelli Joseph and Water S Edge Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,463,300
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2019
Sold by
Cusanelli Joseph Anthony
Bought by
Cusanelli Joseph and Water S Edge Living Trust

Purchase Details

Closed on
Dec 27, 2017
Sold by
Cusanelli Joseph Anthony and Cusanelli Joseph Anthony
Bought by
Cusanelli Joseph Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,533,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2017
Sold by
Cusanelli Marjorie Elaine
Bought by
Cusanelli Joseph Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2013
Sold by
Turner Michael T
Bought by
Cusanelli Joseph Anthony and Cusanelli Marjorie Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,500
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 27, 2004
Sold by
Shanley E M Kelly
Bought by
Shanley E M Kelly

Purchase Details

Closed on
Dec 18, 2003
Sold by
Knispel Lester
Bought by
Shanley E M Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 1999
Sold by
Boney Stephen W
Bought by
San Diego Francesca

Purchase Details

Closed on
Sep 17, 1996
Sold by
Boney Deborah B
Bought by
Boney Stephen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.95%

Purchase Details

Closed on
Sep 10, 1996
Sold by
Watkins Patricia L
Bought by
Boney Stephen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.95%

Purchase Details

Closed on
Jun 28, 1996
Sold by
Watkins William C
Bought by
Watkins Patricia L

Purchase Details

Closed on
May 11, 1994
Sold by
Sepco Inc
Bought by
Watkins William C and Watkins Patricia L

Purchase Details

Closed on
Mar 29, 1994
Sold by
Wpw Trust
Bought by
Sepco Inc

Purchase Details

Closed on
Jul 15, 1993
Sold by
Watkins William C and Watkins Patricia L
Bought by
Wpw Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Terramar Cliffs Llc -- None Listed On Document
Soelberg Brandon -- Lawyers Title
Soelberg Brandon $4,000,000 Lawyers Title
Soelberg Brandon $4,000,000 Lawyers Title
Cusanelli Joseph -- Accommodation
Cusanelli Joseph -- Ticor Title Company
Cusanelli Joseph -- None Available
Cusanelli Joseph Anthony -- First American Title Company
Cusanelli Joseph Anthony -- First American Title Company
Cusanelli Joseph Anthony $1,350,000 Chicago Title Company
Shanley E M Kelly -- --
Shanley E M Kelly $1,702,500 Equity Title Company
San Diego Francesca $1,375,000 Southland Title
Boney Stephen W -- Fidelity National Title
Boney Stephen W $750,000 Fidelity National Title
Watkins Patricia L -- --
Watkins William C -- South Coast Title Company
Watkins William C -- South Coast Title Company
Sepco Inc -- --
Wpw Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soelberg Brandon $3,000,000
Closed Soelberg Brandon $3,000,000
Previous Owner Cusanelli Joseph $2,463,300
Previous Owner Cusanelli Joseph Anthony $1,533,000
Previous Owner Cusanelli Joseph Anthony $1,200,000
Previous Owner Cusanelli Joseph Anthony $1,225,000
Previous Owner Cusanelli Joseph Anthony $1,100,000
Previous Owner Cusanelli Joseph Anthony $877,500
Previous Owner Shanley E M Kelly $600,000
Previous Owner Anderson Colleen $1,122,900
Previous Owner Anderson Colleen $1,140,000
Previous Owner Boney Stephen W $1,000,000
Previous Owner Boney Stephen W $100,000
Previous Owner Boney Stephen W $825,000
Previous Owner Boney Stephen W $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2024 04/24/24 Sold $4,000,000 -11.1% $727 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $4,498,888 +233.3% $818 / Sq Ft
11/14/2013 11/14/13 Sold $1,350,000 -23.9% $245 / Sq Ft
10/15/2013 10/15/13 Pending -- -- --
08/29/2012 08/29/12 For Sale $1,775,000 -- $323 / 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 $17,421 $1,622,456 $961,456 $661,000
2023 $17,333 $1,590,644 $942,604 $648,040
2022 $17,067 $1,559,456 $924,122 $635,334
2021 $16,940 $1,528,879 $906,002 $622,877
2020 $16,826 $1,513,204 $896,713 $616,491
2019 $16,524 $1,483,534 $879,131 $604,403
2018 $15,827 $1,454,446 $861,894 $592,552
2017 $15,566 $1,425,929 $844,995 $580,934
2016 $14,943 $1,397,971 $828,427 $569,544
2015 $14,883 $1,376,973 $815,984 $560,989
2014 $14,636 $1,350,000 $800,000 $550,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2400866

California Regional Multiple Listing Service (CRMLS)

APN: 210-115-22