NOT LISTED FOR SALE

705 N Vulcan Ave Encinitas, CA 92024

Estimated Value: $1,822,014 - $2,214,000

2 Beds
1 Bath
806 Sq Ft
$2,467/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $1,287,500 $1,597 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $12,249/month

174 Days on Market

Highlights

  • Private Yard
  • Cottage
  • Storage Room
  • Paul Ecke-Central Elementary Rated A
  • The community has rules related to allowing live work
  • Partially Fenced Property

About This Home

As of February 2020

PRIME location for this large mixed use zoned lot with existing business lease on the home that is on site. Buddings include: Original home (approx 806 sq ft), garage converted to studio with bath (approx 400 sq ft), & three chalets, each approx. 10x10. All buildings have water & electricity. Amazing opportunity in excellent location! New general plan Zoning is MIXED USE, allowing for residential and commercial for new construction! Hard to find with lots of upside for development! Annual rent increases: 2019: unchanged at $5229.31 2020: $5389.19 2021: $5547.78 2022: $5714.21 2023: $5885.63

Last Agent to Sell the Property

Polly Rogers

Compass License #00637691 Listed on: 08/19/2019

Compass

Last Buyer's Agent

Non-Member Default

Default Non-Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,209

Year Built

  • Built in 1936

Lot Details

  • Partially Fenced Property
  • Level Lot
  • Private Yard
  • Property is zoned mixed use

Parking

  • 5 Parking Spaces

Home Design

  • Cottage
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 806 Sq Ft Home
  • 1-Story Property
  • Storage Room
  • Laundry Located Outside

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • 400 SF Accessory Dwelling Unit
  • Separate Water Meter

Community Details

  • The community has rules related to allowing live work

Listing and Financial Details

  • Assessor Parcel Number 256-030-12-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,209

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Architectural Style: Cottage
  • Residential Styles: Detached
  • Market Area: Coastal North
  • Cross Street: Leucadia Blvd
  • Neighborhood: West of I-5
  • Supplement: Annual rent increases: 2019: unchanged at $5229.31 2020: $5389.19 2021: $5547.78 2022: $5714.21 2023: $5885.63
  • LP / Sq Ft: 1854.84
  • Price Per Sq Ft: 1597.39
  • SP/ Sq Ft: 1597.39
  • Stories: 1 Story
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 1936
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Searchable Rooms: Storage Room
  • Total Bedrooms: 2
  • Bedrooms: 1
  • Optional Bedrooms: 1
  • Full Bathrooms: 1
  • Laundry Location: Outside
  • Estimated Sq Ft: 806
  • Total Bathrooms: 1

Exterior Features

  • Exterior Material: Wood
  • Fencing: Partial
  • Roof: Composition
  • Exclusive Use Yard: Yes
  • Guest House Sq Ft: 400

Garage/Parking

  • Non Garage Parking: Other, Parking Space
  • Garage Spaces: 5
  • Parking Spaces Total: 5

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating Fuel: Natural Gas

Association/Amenities

  • Entry Level Building: y

Condo/Co-op/Association

  • Total Number of Units: 5
  • Community: ENCINITAS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Zoning: mixed use
  • Additional Property Use: Res/Business Use OK, ORMKS
  • Assessor Parcel Number: 256-030-12-00
  • Land Use Code: comm

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2019
Sold by
Atp
Bought by
Griswold Richardson and Griswold Susan
Current Estimated Value
$1,988,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$643,750
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 9, 2006
Sold by
First Security Exchange Corp
Bought by
Schwartz Laurie Miller

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,750
Interest Rate
7.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 2, 2006
Sold by
Schwartz Laurie Miller
Bought by
Atp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,750
Interest Rate
7.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 27, 2006
Sold by
Schwartz Jan Eric
Bought by
Schwartz Laurie Miller

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,750
Interest Rate
7.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 27, 2006
Sold by
Gasperoni Nicole
Bought by
First Security Exchange Corp

Purchase Details

Closed on
Nov 5, 2003
Sold by
Banhagel Matthew K
Bought by
Gasperoni Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,500
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2003
Sold by
Banhagel Matthew K
Bought by
Banhagel Matthew K and Banhagel Shauna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2003
Sold by
Nemeth Alexander and Nemeth Eva
Bought by
Banhagel Matthew K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 2002
Sold by
The North County Ltd Partnership
Bought by
Nemeth Alexander and Nemeth Eva

Purchase Details

Closed on
Nov 9, 2001
Sold by
Nemeth Alexander and Nemeth Eva
Bought by
The North County Ltd Partnership
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
Griswold Richardson $1,287,500 First American Title Ins Co
Schwartz Laurie Miller $925,000 Fidelity National Title San
Atp -- Accommodation
Schwartz Laurie Miller -- Fidelity National Title San
First Security Exchange Corp -- Accommodation
Gasperoni Nicole $575,000 United Title Company
Banhagel Matthew K -- --
Banhagel Matthew K $450,000 First American Title Co
Nemeth Alexander -- --
The North County Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griswold Richardson $515,000
Closed Griswold Richardson $531,000
Previous Owner Griswold Richardson $643,750
Previous Owner Schwartz Laurie Miller $138,750
Previous Owner Schwartz Laurie Miller $693,750
Previous Owner Schwartz Laurie Miller $138,750
Previous Owner Gasperoni Nicole $195,000
Previous Owner Gasperoni Nicole $500,000
Previous Owner Gasperoni Nicole $402,500
Previous Owner Banhagel Matthew K $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $1,287,500 -13.9% $1,597 / Sq Ft
02/10/2020 02/10/20 Pending -- -- --
08/19/2019 08/19/19 For Sale $1,495,000 -- $1,855 / Sq Ft
Source: San Diego MLS

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 $15,209 $1,380,456 $1,265,196 $115,260
2023 $14,815 $1,353,389 $1,240,389 $113,000
2022 $14,489 $1,326,853 $1,216,068 $110,785
2021 $14,274 $1,300,837 $1,192,224 $108,613
2020 $12,430 $1,133,131 $1,041,256 $91,875
2019 $12,180 $1,110,914 $1,020,840 $90,074
2018 $11,945 $1,089,132 $1,000,824 $88,308
2017 $11,228 $1,020,000 $934,000 $86,000
2016 $9,307 $850,000 $779,000 $71,000
2015 $8,760 $800,000 $734,000 $66,000
2014 $8,732 $800,000 $734,000 $66,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 190046200

San Diego MLS

APN: 256-030-12