NOT LISTED FOR SALE

640 W Elder St Fallbrook, CA 92028

Estimated Value: $729,000 - $946,000

3 Beds
2 Baths
2,100 Sq Ft
$389/Sq Ft Est. Value

Last Sold August 09, 2021

Last sale price $655,000 $312 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,890/month

4 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • 1 Car Attached Garage
  • Pool View
  • Home Office
  • Walk-In Closet

About This Home

As of August 2021

Happiness is in your back yard with Pool (vinyl lined), Pergola, BBQ, and patio, a great home for entertain large or small gatherings inside or out. Interior Amenities: Tile flooring throughout, remodeled baths, great family room w/fireplace, beautiful kitchen cabinets. Spacious and light filled tiled living room with Heat Stove and built-in book case. Primary bedroom features office/retreat, large walk-in closet, newly remodeled bath with tiled shower. Run, don't walk to this one!

Last Agent to Sell the Property

Jane Wilson

Century 21 Affiliated License #00780478 Listed on: 06/23/2021

Century 21 Affiliated

Co-Listed By

Richard Heimback

Century 21 Affiliated License #01235472

Last Buyer's Agent

Julius Nemovi

HomeSmart Realty West License #02029586

HomeSmart Realty West

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • 10,150 Sq Ft Lot
  • Lot Dimensions are 70x145
  • Rural Setting
  • Rectangular Lot
  • Back and Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned Single Family Residential

Parking

  • 1 Car Attached Garage
  • 2 Open Parking Spaces

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Home Office
  • Tile Flooring
  • Pool Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

  • In Ground Pool
  • Vinyl Pool

Outdoor Features

  • Patio

Schools

  • Potter Middle School
  • Fallbrook High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Tract Number 75003
  • Assessor Parcel Number 1040100500

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: Single Family Residential
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1040100500
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2100.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Living Room
  • Levels: One
  • Price Per Square Foot: 311.90
  • Room Type: Kitchen, Living Room, Office, Separate Family Room, Walk-In Closet

Exterior Features

  • Patio: Yes
  • View: Pool
  • Patio And Porch Features: Patio
  • Pool Features: In Ground, Private, Vinyl
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Sprinklers: No
  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Schools

  • High School: Fallbrook
  • Middle Or Junior School: Potter
  • High School2: FALLBR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Rectangular Lot
  • Lot Size: 70X145
  • Lot Size Sq Ft: 10150.00
  • Lot Size Acres: 0.2330

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10150.0000 Square Feet

Tax Info

  • Tax Tract Number: 75003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2021
Closed on
Jul 9, 2021
Sold by
Koran Family Trust and Koran Donald
Bought by
Oquin Michael J and Oquin Bridget Q
Seller's Agent
Jane Wilson
Century 21 Affiliated
Buyer's Agent
Julius Nemovi
HomeSmart Realty West
List Price
$649,000
Sold Price
$655,000
Premium/Discount to List
$6,000
0.92%
Current Estimated Value
$817,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,134
Avg. Annual Appreciation
5.19%
Original Mortgage
$643,136
Outstanding Balance
$580,674
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$236,460

Purchase Details

Closed on
Mar 16, 2020
Sold by
Koran Donald and Koran Shannon
Bought by
Koran Donald and Koran Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,200
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2017
Sold by
Koran Donald and Usband Shannon Koran
Bought by
Koran Donald and Koran Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2016
Sold by
Koran Donald Michael and Koran Shannon Lee
Bought by
Koran Donald and Koran Shannon

Purchase Details

Closed on
Nov 26, 2001
Sold by
Koran Donald M and Koran Shannon L
Bought by
Koran Donald Michael and Koran Shannon Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,100
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2001
Sold by
Koran Donald Michael and Koran Shanon Lee
Bought by
Koran Donald M and Koran Shannon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,100
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2001
Sold by
Koran Donald and Koran Shannon
Bought by
Koran Donald Michael and Koran Shannon Lee

Purchase Details

Closed on
Apr 4, 1995
Sold by
Halle Kenneth and Halle Gladys
Bought by
Koran Donald and Koran Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,600
Interest Rate
8.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 1994
Sold by
Emc Mtg Corp
Bought by
Koran Donald and Koran Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,650
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 1994
Sold by
Home Svgs Of America Fsb
Bought by
Emc Mtg Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,650
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 1993
Sold by
Serrano Reconveyance Company
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Aug 21, 1987
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
Oquin Michael J $655,000 Ticor Title Sd Branch
Koran Donald -- Pacific Coast Title Company
Koran Donald -- Pacific Coast Title Company
Koran Donald -- None Available
Koran Donald -- Pacific Coast Title Company
Koran Donald -- None Available
Koran Donald Michael -- Chicago Title Co
Koran Donald M -- --
Koran Donald Michael -- --
Koran Donald -- South Coast Title Company
Koran Donald $105,000 Fidelity National Title
Emc Mtg Corp -- --
Hsa Servicing Corp -- --
Home Svgs Of America Fsb $81,000 World Title Company
-- $118,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oquin Michael J $643,136
Previous Owner Koran Donald $303,200
Previous Owner Koran Donald $337,500
Previous Owner Koran Donald Michael $145,100
Previous Owner Koran Donald $100,600
Previous Owner Koran Donald $97,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2021 08/09/21 Sold $655,000 +0.9% $312 / Sq Ft
06/27/2021 06/27/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $649,000 -- $309 / 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 $7,313 $695,090 $477,543 $217,547
2024 $7,313 $681,462 $468,180 $213,282
2023 $7,095 $668,100 $459,000 $209,100
2022 $7,098 $655,000 $450,000 $205,000
2021 $2,001 $184,259 $94,198 $90,061
2020 $2,019 $182,371 $93,233 $89,138
2019 $1,983 $178,796 $91,405 $87,391
2018 $1,954 $175,291 $89,613 $85,678
2017 $1,915 $171,855 $87,856 $83,999
2016 $1,867 $168,486 $86,134 $82,352
2015 $1,831 $165,956 $84,841 $81,115
2014 -- $162,707 $83,180 $79,527
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2107273

California Regional Multiple Listing Service (CRMLS)

APN: 104-010-05