NOT LISTED FOR SALE

7024 Rancho Cielo Rancho Santa Fe, CA 92091

Estimated Value: $5,056,807 - $5,935,000

6 Beds
5 Baths
5,705 Sq Ft
$970/Sq Ft Est. Value

Last Sold March 28, 2014

Last sale price $2,700,000 $473 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $33,349/month

1,435 Days on Market

Highlights

  • Solar Heated In Ground Pool
  • 5 Acre Lot
  • 8 Car Attached Garage
  • R. Roger Rowe Elementary School Rated A
  • Fireplace
  • Laundry Room

About This Home

As of March 2014

Welcome to a tropical paradise secluded behind the gates of this Covenant property. Sited on 5 lush acres reminiscent of the Hawaiian Islands, this property is signified by unique plant species and exotic vegetation. The original contemporary, minimalist home boasts 5,705 square feet of clean linear lines throughout with spectacular views of the grounds from most rooms. For sale or lease ! See supplement... [Supplement]: This is a modern, split-level estate and offers 4 bedrooms plus 2 optional spaces in a u-shaped floor plan with the master bedroom suite on one side and secondary bedrooms on the other. The kitchen has granite slab counters, stainless steel appliances and cherry cabinets. It opens to an eating nook and great room, and has direct access to the backyard sanctuary. Vacation in your own home while you enjoy the waterfall, koi ponds and backyard pool/spa. This private retreat is a rare Covenant opportunity and awaits your vision for revival! Owner would consider a lease - ask agent for details!

Last Agent to Sell the Property

Jana Greene

Pacific Sotheby's Int'l Realty License #01200171 Listed on: 03/24/2010

Last Buyer's Agent

Leigh-Ann Swan

Keller Williams Thrive License #01507207

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,411

Year Built

  • Built in 1981

Lot Details

  • 5 Acre Lot
  • Lot Has A Rolling Slope
  • Sprinkler System
  • Property is zoned R1

Parking

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

Home Design

  • Split Level Home
  • Tile Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 5,705 Sq Ft Home
  • Central Vacuum
  • Fireplace

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Solar Heated In Ground Pool
  • Fire Pit

Utilities

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

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 2652401900

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,411

Year Built

Built in 1981

Lot Details

0

Parking

8

Listing Details

  • Property Attached: No
  • Subdivision Name Other: RANCHO SANTA FE
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2652401900
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5705.00 Square Feet
  • Interior Amenities: Vacuum Central
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Total Bedrooms: 6
  • Fireplace Features: Fire Pit
  • Levels: Multi/Split
  • Price Per Square Foot: 473.27

Exterior Features

  • Pool Features: In Ground, Solar Heat
  • Roof: Tile
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Attached Carport, Detached Carport, Garage Door Opener
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Heating Type: Fireplace(s), Forced Air, Natural Gas
  • Laundry Features: Individual Room, Gas Dryer Hookup
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Name: Rancho Santa Fe Assoc
  • Phone: 858-756-1174
  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Gentle Sloping, Rolling Slope, Sprinkler System
  • Lot Size Sq Ft: 217800.00
  • Lot Size Acres: 5.0000

Multi Family

  • Lot Size Area: 217800.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2014
Sold by
Chandler Tyson and Chandler Kimberly
Bought by
Palumbo Philip R and Palumbo Kimberly M
Current Estimated Value
$5,533,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 7, 2006
Sold by
Capone Peter
Bought by
Chandler Tyson and Chandler Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
7.41%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 11, 2006
Sold by
Chase Marc Alan
Bought by
Capone Peter

Purchase Details

Closed on
Aug 14, 2000
Sold by
Cloverlane Associates Inc
Bought by
Chase Marc Alan

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
Interest Rate
8.25%

Purchase Details

Closed on
Aug 22, 1997
Sold by
Peter Capone and Mcgowin Mary Mcgowin
Bought by
Cloverlane Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.33%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 24, 1989
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
Palumbo Philip R $2,700,000 California Title Company
Chandler Tyson -- Equity Title Company
Capone Peter $4,500,000 First American Title Co
Chase Marc Alan -- First American Title Ins Co
Cloverlane Associates Inc $1,200,000 Southland Title
-- $1,945,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palumbo Philip R $800,000
Open Palumbo Philip R $2,217,000
Previous Owner Palumbo Philip R $2,000,000
Previous Owner Chandler Tyson $4,000,000
Previous Owner Chandler Tyson $4,000,000
Previous Owner Chase Marc Alan $400,000
Previous Owner Chase Marc Alan $1,000,000
Previous Owner Chase Marc Alan $2,925,000
Previous Owner Chase Marc Alan $1,200,000
Previous Owner Chase Marc Alan $3,000,000
Previous Owner Cloverlane Associates Inc $1,000,000
Previous Owner Cloverlane Associates Inc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2014 03/28/14 Sold $2,700,000 -40.0% $473 / Sq Ft
02/26/2014 02/26/14 Pending -- -- --
03/24/2010 03/24/10 For Sale $4,500,000 -- $789 / 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 $46,411 $3,309,821 $2,451,721 $858,100
2024 $46,411 $3,244,924 $2,403,649 $841,275
2023 $45,641 $3,181,299 $2,356,519 $824,780
2022 $45,139 $3,118,921 $2,310,313 $808,608
2021 $44,553 $3,057,766 $2,265,013 $792,753
2020 $44,215 $3,026,414 $2,241,789 $784,625
2019 $32,168 $2,967,074 $2,197,833 $769,241
2018 $31,599 $2,908,897 $2,154,739 $754,158
2017 $31,040 $2,851,861 $2,112,490 $739,371
2016 $29,926 $2,795,943 $2,071,069 $724,874
2015 $29,641 $2,753,946 $2,039,960 $713,986
2014 $29,043 $2,700,000 $1,851,000 $849,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 100017811

California Regional Multiple Listing Service (CRMLS)

APN: 265-240-19