NOT LISTED FOR SALE

5554 N Las Palomas Rancho Santa Fe, CA 92067

Estimated Value: $2,204,000 - $3,074,710

1 Bed
1 Bath
1,193 Sq Ft
$2,284/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $2,600,000 $2,179 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $17,068/month

1 Day on Market

Highlights

  • Heated In Ground Pool
  • Lake View
  • Main Floor Primary Bedroom
  • R. Roger Rowe Elementary School Rated A
  • 2.4 Acre Lot
  • Hiking Trails

About This Home

As of September 2023

Exceptional attention to detail in this guesthouse with private pool and spa which has been crafted with sophistication and class. Conveniently located on the west side of the covenant, this 2.4 acre property features unobstructed golf course & mountain views. The unbelievablly cool two car garage features laminate floors, raised ceilings with beautiful beams and air conditioning. Once the main residence is built this garage could be converted into a gym, art studio or office. The site plan has been re-designed from scratch and the owners have put in $125k+ in architectural, engineering, design and permitting costs over the past 2.5 years. The plans are for a 5,461 square foot house with a basement and 3 car garage. Once the San Diego County variance is approved, which was recommended for approval with a 9-0 vote by the San Dieguito committee, San Diego County grading and construction permits can be pursued. Similarly, all that remains for the Art Jury is construction document completion and RSF permitting. The architect believes the project is 6 months from breaking ground and 20 months from completion. Please see attached documents.

Last Agent to Sell the Property

Noelle Berkovitz

Pacific Sotheby's Int'l Realty License #01351316 Listed on: 08/21/2023

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Doug Springer

Del Mar Realty Assoc.,Inc License #00972487

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,615

Year Built

  • Built in 2006

Lot Details

  • 2.4 Acre Lot
  • Rural Setting
  • Landscaped
  • Level Lot
  • Density is 2-5 Units/Acre
  • Property is zoned R-1:SINGLE FAM-RES

HOA Fees

  • $117 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Lake
  • Golf Course

Interior Spaces

  • 1,193 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Pool

  • Heated In Ground Pool
  • Gas Heated Pool
  • Saltwater Pool
  • Fence Around Pool

Utilities

  • Central Air
  • No Heating
  • Conventional Septic

Listing and Financial Details

  • Tax Tract Number 1742
  • Assessor Parcel Number 2683000700
  • $198 per year additional tax assessments

Community Details

Overview

  • Rancho Santa Fe Association, Phone Number (858) 756-1174

Recreation

  • Horse Trails
  • Hiking Trails

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,615

Year Built

Built in 2006

Lot Details

0

HOA Fees

$117 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: R-1:SINGLE FAM-RES
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2683000700
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1193.00
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 2179.38
  • Room Type: Kitchen, Laundry, Main Floor Master Bedroom

Exterior Features

  • View: Golf Course, Lake
  • Fence: No
  • Pool Features: Fenced, Heated, Gas Heat, In Ground, Private, Salt Water
  • Pool Private: Yes
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Closet, Stackable
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Hiking Trails, Horse Trails, Security
  • Association Fee: 1400.00
  • Association Fee Frequency: Annually
  • Association Name: Rancho Santa Fe
  • Phone: 8587561174
  • Senior Community: No
  • Community Features: Horse Trails, Rural

Schools

  • School District: San Dieguito Union

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Landscaped, Level
  • Lot Size Sq Ft: 104544.00
  • Lot Size Acres: 2.4000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2.4000 Acres

Tax Info

  • Tax Tract Number: 001742
  • TaxOtherAnnualAssessmentAmount: 197.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2023
Closed on
Aug 28, 2023
Sold by
Burningham Family Living Trust and Burningham Steven David
Bought by
Towers 2018 Trust and Towers
Seller's Agent
Noelle Berkovitz
Pacific Sotheby's Int'l Realty
Buyer's Agent
Doug Springer
Del Mar Realty Assoc.,Inc
List Price
$2,499,000
Sold Price
$2,600,000
Premium/Discount to List
$101,000
4.04%
Views
76
Current Estimated Value
$2,724,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,428
Avg. Annual Appreciation
4.35%

Purchase Details

Closed on
Jun 27, 2021
Sold by
Burningham Steven David and Burningham Nicole Elizabeth
Bought by
Burningham Steven David and Burningham Nicole Elizabeth

Purchase Details

Listed on
May 26, 2020
Closed on
Oct 7, 2020
Sold by
Leming Gwendolyn R
Bought by
Flaming Arthur L
Seller's Agent
Jason Barry
Barry Estates
Buyer's Agent
David Burningham
Century 21 Award
List Price
$2,195,000
Sold Price
$1,875,000
Premium/Discount to List
-$320,000
-14.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.78%

Purchase Details

Listed on
May 26, 2020
Closed on
Oct 6, 2020
Sold by
Flaming Art L and The Flaming Family Trust
Bought by
Burningham Steven David and Burningham Nicole Elizabeth
Seller's Agent
Jason Barry
Barry Estates
Buyer's Agent
David Burningham
Century 21 Award
List Price
$2,195,000
Sold Price
$1,875,000
Premium/Discount to List
-$320,000
-14.58%

Purchase Details

Closed on
May 28, 2009
Sold by
Flaming Arthur L
Bought by
Flaming Family Trust

Purchase Details

Closed on
Nov 27, 2006
Sold by
Benjamin Mark
Bought by
Flaming Arthur L

Purchase Details

Closed on
Nov 8, 2004
Sold by
Cobb Donald B and Hymer Dian
Bought by
Benjamin Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.5%
Mortgage Type
New Conventional
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
Towers 2018 Trust $2,600,000 First American Title
Burningham Steven David -- None Available
Flaming Arthur L -- First American Title Company
Burningham Steven David $1,875,000 First American Title Company
Flaming Family Trust -- None Available
Flaming Arthur L -- California Title Company
Benjamin Mark -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benjamin Mark $700,000
Previous Owner Cobb Donald B $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $2,600,000 +4.0% $2,179 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/21/2023 08/21/23 For Sale $2,499,000 +33.3% $2,095 / Sq Ft
10/26/2020 10/26/20 Sold $1,875,000 -14.6% $1,502 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
05/26/2020 05/26/20 For Sale $2,195,000 -- $1,759 / 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
2025 $25,615 $2,430,459 $1,869,024 $561,435
2024 $25,615 $2,382,804 $1,832,377 $550,427
2023 $20,938 $1,950,750 $1,664,640 $286,110
2022 $20,629 $1,875,000 $1,600,000 $275,000
2021 $20,344 $1,875,000 $1,600,000 $275,000
2020 $15,543 $1,427,000 $1,121,000 $306,000
2019 $15,545 $1,427,000 $1,121,000 $306,000
2018 $15,572 $1,427,000 $1,121,000 $306,000
2017 $15,599 $1,427,000 $1,121,000 $306,000
2016 $15,337 $1,427,000 $1,121,000 $306,000
2015 $15,421 $1,427,000 $1,121,000 $306,000
2014 $15,409 $1,427,000 $1,121,000 $306,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2306517

California Regional Multiple Listing Service (CRMLS)

APN: 268-300-07