NOT LISTED FOR SALE

721 Elm Tree Ln Fallbrook, CA 92028

Estimated Value: $1,066,000 - $1,328,000

3 Beds
3 Baths
2,820 Sq Ft
$435/Sq Ft Est. Value

Last Sold April 11, 2022

Last sale price $1,125,000 $399 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,932/month

7 Days on Market

Highlights

  • Above Ground Spa
  • Panoramic View
  • Double Self-Cleaning Oven
  • RV Access or Parking
  • Great Room
  • 3 Car Attached Garage

About This Home

As of April 2022

Views galore from this beautifully upgraded single story professionally designed home. Located on a private road in sought after Olive Hill Neighborhood. All new Stainless appliances, quartz countertops and gorgeous tiled backsplash, New washer & dryer, Mudroom, Led Ceiling recessed lighting, upgraded wiring, built in charging ports for electronic devices. This move in ready home won't disappoint, with floor to ceiling windows, and gorgeous roll up blinds, open kitchen, large wood beam cathedral ceiling in family room, perfect for entertaining. Huge 3 car completely drywalled garage with attic storage, also RV parking with Cleanouts . Drought tolerant landscaping w/ well placed garden that has lots of sunshine and year round growth. Beautiful fenced in backyard with brick pavers, outdoor lighting, shaded patio cover. Take in the views while sitting in your Hot Jacuzzi, sipping on your favorite beverage. Endless ideas with what you can do with all the land, ADU, vineyard, grove . Serene and secluded, yet close to downtown Fallbrook .

Last Agent to Sell the Property

Bob Young

Mission Capital Real Estate License #02057513 Listed on: 02/25/2022

Last Buyer's Agent

Melissa Storer

Compass License #01936950

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,556

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • 1.75 Acre Lot
  • Chain Link Fence
  • Level Lot
  • Sprinklers on Timer
  • Property is zoned [R-1:SINGL

Parking

  • 3 Car Attached Garage
  • Two Garage Doors
  • Garage Door Opener
  • Driveway
  • RV Access or Parking

Property Views

  • Panoramic
  • Woods
  • Mountain

Home Design

  • Barrel Roof Shape
  • Stucco Exterior

Interior Spaces

  • 2,820 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Awning
  • Family Room with Fireplace
  • Great Room

Kitchen

  • Double Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Above Ground Spa
  • Patio
  • Shed

Utilities

  • Natural Gas Connected
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 123-010-57-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,556

Year Built

Built in 1987 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Property Condition: Updated/Remodeled
  • Market Area: North County
  • Cross Street: Olive Hill Rd
  • Neighborhood: Olive Hill
  • LP / Sq Ft: 354.255319148936
  • Price Per Sq Ft: 398.9361702
  • SP/ Sq Ft: 398.936170212766
  • Stories: 1 Story
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 1987
  • Allow Comments Review: Yes
  • Broker Attribution Contact: dawnptrl@att.net
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment Available: Gas Cooking, Microwave, Self Cleaning Oven, Double Oven, Refrigerator, Shed(s), Dishwasher, Disposal
  • Fireplaces: 1
  • Fireplace: Fp In Family Room, Gas
  • Walls: Drywall
  • Searchable Rooms: Laundry, Family Room, Great Room
  • Total Bedrooms: 3
  • Bedrooms: 3
  • Master Bedroom Dimensions: 19X18
  • Full Bathrooms: 3
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 2820
  • Total Bathrooms: 3

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Chain Link
  • Patio: Patio Open, Awning/Porch Covered
  • Roof: Barrel
  • Spa: Private Portable
  • Spa Heat: Electric
  • View: Panoramic, Trees/Woods, Mountains/Hills

Garage/Parking

  • Parking for RV: On-Site Parking
  • Garage Details: Garage - Two Door, Garage Door Opener, Attached
  • Garage Spaces: 3
  • Non Garage Parking: Driveway
  • Garage Spaces: 7
  • Parking Spaces Total: 10

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Gas
  • Sewer/Septic: Septic Installed
  • Water: Public
  • Water Heater Type: Gas
  • Heating: Forced Air Unit
  • Heating Fuel: Natural Gas
  • Utilities: Natural Gas Connected

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: FALLBROOK

Fee Information

  • Total Other Fees: 0

Lot Info

  • Irrigation: Automatic, Sprinklers
  • Lot Size: 1+ to 2 AC
  • Topography: Slope Gentle, Level
  • Water District: FALLBROOK PUBLIC UTILITY DISTRI
  • Zoning: [R-1:SINGL
  • Assessor Parcel Number: 123-010-57-00
  • Land Use Code: SFR
  • Estimated Lot Sq Ft: 76230
  • Water District URL: http://www.fpud.com
  • Estimated Number of Acres: 1.75
  • Other Structures: Shed
  • Map Code Column: G
  • Map Code Page: 1047
  • Map Code Row: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2015
Closed on
Apr 1, 2015
Sold by
Metcalf William R and Metcalf Dorothy E
Bought by
Torrez Nolan and Torrez Kalina
Seller's Agent
Kim Carlson
Berkshire Hathaway HomeService
Buyer's Agent
Katharine Ludin
Cathe' Properties
List Price
$609,000
Sold Price
$609,000
Total Days on Market
7
Current Estimated Value
$1,226,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$617,680
Avg. Annual Appreciation
7.17%
Original Mortgage
$487,200
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2013
Sold by
Metcalf William R and Metcalf Dorothy E
Bought by
Metcalf Willam R and Metcalf Dorothy E

Purchase Details

Closed on
Sep 30, 2003
Sold by
Carpenter George E and Carpenter Barbara A
Bought by
Metcalf William R and Metcalf Dorothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
May 3, 1988

Purchase Details

Closed on
Dec 31, 1986

Purchase Details

Closed on
Nov 21, 1985

Purchase Details

Closed on
Apr 21, 1983
Source: Public Records

Similar Homes in Fallbrook, CA

  • 1408 Devin Dr, Fallbrook, CA 92028

    $1,250,000

    • 4 Beds
    • 3.5 Baths
    • 2,843 Sq Ft
    • 1408 Devin Dr
    • Fallbrook, CA

    We invite you to discover this rare & exceptional single-story home, which is spacious and beautifully upgraded, offering the perfect blend of privacy, comfort & quality, in one of Fallbrook's most desirable locations. Set on a generous .59 acre lot at the end of a quiet street, this home is privately perched to capture peaceful scenic views of the surrounding valley, exactly the kind of beauty &

    Tom Bashe Localist Realty

    Section Image
  • 1057 Ridge Heights Dr, Fallbrook, CA 92028

    $995,000

    • 2 Beds
    • 2.5 Baths
    • 2,712 Sq Ft
    • 1057 Ridge Heights Dr
    • Fallbrook, CA

    Welcome to this elegant 2,712 square foot home located in the prestigious East Ridge gated 55+ community, where refined living meets thoughtful design. Featuring two spacious master suites each with a private bathroom and a dedicated office with wood flooring, that could easily be converted into a third bedroom, this home offers flexibility, comfort, and timeless appeal. One master bath has been

    Susannah Levicki Capitis Real Estate

    Section Image
  • 2747 Vía Del Robles, Fallbrook, CA 92028

    $1,415,000

    • 4 Beds
    • 3 Baths
    • 3,493 Sq Ft
    • 2747 Vía Del Robles
    • Fallbrook, CA

    This stunning 2022-built modern farmhouse sits on a sprawling 2.3-acre lot, offering privacy, space, and scenic views. With 3,493 sq. ft. of luxurious living space, this custom home features high-end finishes like European white oak hardwood floors and elegant design details throughout. The open-concept floor plan is ideal for modern California living, with a great room featuring a

    Michael Solis Keller Williams San Diego Metro

    Section Image
  • 2918 Los Campos Dr, Fallbrook, CA 92028

    $1,299,000

    • 3 Beds
    • 3 Baths
    • 2,299 Sq Ft
    • 2918 Los Campos Dr
    • Fallbrook, CA

    Private Hilltop Oasis with Avocado Grove on Nearly 8 Acres – A Rare Fallbrook Gem - Welcome to a truly rare opportunity in San Diego County—this custom-built, hilltop estate in the heart of Fallbrook offers nearly 8 acres of privacy, natural beauty, and timeless character. Built in 1983, this serene retreat combines rural tranquility with modern comforts, just 1.5 miles from the renowned

    Larry Clifford First Team Real Estate

    Section Image
  • 6132 Rainbow Heights Rd, Fallbrook, CA 92028

    $1,150,000

    • 3 Beds
    • 3 Baths
    • 2,820 Sq Ft
    • 6132 Rainbow Heights Rd
    • Fallbrook, CA

    Nestled atop the hills of Rainbow Heights, this custom Craftsman estate blends artistry, character, and rare functionality. Featuring a stained glass front door and exquisite woodworking throughout, the home offers timeless craftsmanship with modern amenities. An attached 2-car garage complements a detached 4-car shop—perfect as a workshop or easily converted into a spacious ADU. The usable

    Krystal Lane SD HOMES

    Section Image
  • 335 Rainbow Crest Rd, Fallbrook, CA 92028

    $1,115,000

    • 4 Beds
    • 4 Baths
    • 2,895 Sq Ft
    • 335 Rainbow Crest Rd
    • Fallbrook, CA

    Welcome to this secluded 5.86-acre estate in Rainbow. A rare opportunity featuring three detached homes with panoramic mountain & canyon views. The 2BR/2BA main house (1,527 sq ft), a 1BR/1BA guest house (958 sq ft) above a 3-car garage/workshop (952 sq ft), and a charming 1BR/1BA cottage (410 sq ft) known as “The Hideaway.” All structures boast thoughtful craftsmanship—hardwood floors, artistic

    Susannah Levicki Capitis Real Estate

    Section Image
  • 2389 Eric Rd, Fallbrook, CA 92028

    $999,500

    • 3 Beds
    • 2.5 Baths
    • 1,940 Sq Ft
    • 2389 Eric Rd
    • Fallbrook, CA

    Tucked in the scenic hills of the desirable area of De Luz Heights in Fallbrook, awaits Hacienda del Sol, a stunning estate home situated on 10.09+/- acres. Inspired by the timeless elegance of Spanish Colonial architecture and effortlessly blending indoor and outdoor living, this custom-built 3-bedroom, 2-bathroom home offers an exceptional lifestyle. The name, Hacienda del Sol, perfectly

    Meriah Druliner Chameleon/Red Hawk Realty

    Section Image
  • 2240 Aqua Hill Rd, Fallbrook, CA 92028

    $1,199,800

    • 4 Beds
    • 2.5 Baths
    • 3,034 Sq Ft
    • 2240 Aqua Hill Rd
    • Fallbrook, CA

    * VIEWS * 3,034 SQ.FT. * PRIVACY * 3.6 ACRES * Welcome to this gorgeous custom single story home situated in the hills of South Fallbrook. This home offers an open floor plan with views from every room, tall ceilings, ample bedrooms, and a spacious kitchen. The kitchen is complete with granite counters, custom cabinetry, stainless appliances, 6 burner cook top, prep sink, and tons of storage.

    Louie Zember Zember Realty Group

    Section Image
  • 3223 Olive Hill Rd, Fallbrook, CA 92028

    $1,198,747

    • 4 Beds
    • 3 Baths
    • 2,826 Sq Ft
    • 3223 Olive Hill Rd
    • Fallbrook, CA

    Morro Hills custom home located on over Two acres of usable property. This property is what everyone comes to Fallbrook to find..Location, zoned for horses with existing small barn, stalls and turn out area. Separate double gate to the lower portion of the property where you will find a tennis court. Convert to an RV pad, restore to tennis court, re-make into a pickleball court, additional horse

    Sharon Robinson Compass

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Torrez Nolan $609,000 Fidelity National Title
Metcalf Willam R -- None Available
Metcalf William R $575,000 Chicago Title Co
-- $282,000 --
-- $240,000 --
-- $52,000 --
-- $47,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newlin Christopher $100,000
Open Newlin Christopher $843,750
Closed Torrez Nolan $542,250
Closed Torrez Nolan $100,000
Closed Torrez Nolan $25,000
Closed Torrez Nolan $487,200
Previous Owner Metcalf William R $200,000
Previous Owner Metcalf William R $267,414
Previous Owner Metcalf William R $320,000
Previous Owner Metcalf William R $322,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2022 04/11/22 Sold $1,125,000 +12.6% $399 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $999,000 +64.0% $354 / Sq Ft
04/30/2015 04/30/15 Sold $609,000 0.0% $216 / Sq Ft
03/27/2015 03/27/15 Pending -- -- --
03/12/2015 03/12/15 For Sale $609,000 -- $216 / 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 $12,556 $1,170,450 $728,280 $442,170
2023 $11,428 $1,076,000 $669,000 $407,000
2022 $7,423 $689,706 $269,207 $420,499
2021 $7,172 $676,183 $263,929 $412,254
2020 $7,227 $669,250 $261,223 $408,027
2019 $7,082 $656,128 $256,101 $400,027
2018 $6,974 $643,264 $251,080 $392,184
2017 $750 $630,652 $246,157 $384,495
2016 $6,665 $618,287 $241,331 $376,956
2015 $6,677 $620,000 $242,000 $378,000
2014 -- $540,000 $211,000 $329,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: SDC0000313

San Diego MLS

APN: 123-010-57