NOT LISTED FOR SALE

Estimated Value: $3,536,000 - $5,175,000

5 Beds
5.5 Baths
4,936 Sq Ft
$874/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $1,960,300 $397 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $26,474/month

23 Days on Market

Highlights

  • New Construction
  • Gated Community
  • Family Room with Fireplace
  • Del Sur Elementary School Rated A+
  • 41,415 Sq Ft lot
  • Main Floor Bedroom

About This Home

As of September 2020

This home is located close to the Lakes Gate which puts you in close proximity to schools, shopping, and restaurants! Large back and side yard! Landscaping possibilities are endless! Long driveway for hardscaping for additional guest parking. White cabinets with Biancone countertops in the Kitchen, Master Bathroom, Powder Bathroom, and Guest Suite. Backsplashes have been chosen by our designers! Walking distance to the future Lake 4.Beautiful Andalusian Exterior with brick detail. Photos and renderings may be of the Model Home and not the actual home. Discover an incredible opportunity to own a beautiful new estate-style home at Sterling Heights at The Lakes, a brand-new Lennar community. Sterling Heights offers both single story and two-story home designs to choose from. The six distinctive floorplans range from 4,283 to 6,540 square feet, with four to five bedrooms and four-and-a-half to five-and-a-half bathrooms. The homes are available in four striking exterior styles: Hacienda, Andalusian, Spanish Colonial or Monterey. The homes offer generous living areas that are meticulously designed to accommodate the hustle and bustle of family life while also providing the ideal backdrop for large-scale entertaining. Homeowners will also enjoy modern kitchens with double islands and butler’s pantries, stunning master suites with spa-inspired baths, welcoming outdoor living spaces and a complete Wi-Fi CERTIFIED™ package to ensure every corner of every home is connected. The NextGen is offered in three of the home designs. These private suites boast their own private entrance, living area, kitchenette, washer and dryer, bedroom and bathroom. Perfect floorplans for enjoying multigenerational living.As part of Lennar’s The Lakes masterplanned community, residents at Sterling Heights will enjoy a peaceful lifestyle just above Rancho Santa Fe. Grassy areas with a lake, bubbling stream and walking trails add to the sense of serenity at Sterling Heights and give residents a place to gather and play while remaining just minutes from San Diego’s active North County. From cozy coffee shops and boutiques to larger regional retail centers, residents at Sterling Heights are a short drive to some of the area’s best shopping, dining and entertainment. Beaches are less than seven miles away, as are Interstates 5 and 15, and State Route 56, linking to the larger attractions and entertainment centers of metro San Diego. As part of the purchase package, each new Sterling homeowner will receive a complimentary Athletic Membership which includes the initiation fee and first-year dues at The Crosby Golf Club, a par 70/72 course designed by world renowned golf course architect and player Brian Curley. As part of the membership, homeowners will receive eight tee times at The Crosby Golf Club.

Last Agent to Sell the Property

Mark Schultz

Mark Schultz Broker License #00904136 Listed on: 06/05/2020

Last Buyer's Agent

Sheila Cavanaugh

Vanguard Properties License #02038047

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,421

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 0.95

HOA Fees

  • $575 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Garage Door Opener

Home Design

  • Clay Roof
  • Stucco Exterior

Interior Spaces

  • 4,936 Sq Ft Home
  • 2-Story Property
  • Awning
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room
  • Dining Area
  • Home Office
  • Fire Sprinkler System

Kitchen

  • Breakfast Area or Nook
  • Gas Oven
  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Separate Water Meter
  • Tankless Water Heater
  • Sewer Paid

Additional Features

  • Outdoor Fireplace
  • 0.95 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 267-441-04-00
  • $14,338 annual special tax assessment

Community Details

Overview

  • Association fees include gated community
  • The Lakes Association, Phone Number (858) 376-4557
  • Sterling Heights Plan 1Xb Hs 285 Community

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,421

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$575 per month

Parking

4

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Property Condition: New Construction
  • Market Area: North County Inland
  • Cross Street: Old Course /Rendezvous
  • Neighborhood: Sterling Heights @ The Lakes
  • Supplement: Photos and renderings may be of the Model Home and not the actual home. Discover an incredible opportunity to own a beautiful new estate-style home at Sterling Heights at The Lakes, a brand-new Lennar community. Sterling Heights offers both single story and two-story home designs to choose from. The six distinctive floorplans range from 4,283 to 6,540 square feet, with four to five bedrooms and four-and-a-half to five-and-a-half bathrooms. The homes are available in four striking exterior styles: Hacienda, Andalusian, Spanish Colonial or Monterey. The homes offer generous living areas that are meticulously designed to accommodate the hustle and bustle of family life while also providing the ideal backdrop for large-scale entertaining. Homeowners will also enjoy modern kitchens with double islands and butler’s pantries, stunning master suites with spa-inspired baths, welcoming outdoor living spaces and a complete Wi-Fi CERTIFIED™ package to ensure every corner of every home is connected. The NextGen is offered in three of the home designs. These private suites boast their own private entrance, living area, kitchenette, washer and dryer, bedroom and bathroom. Perfect floorplans for enjoying multigenerational living.As part of Lennar’s The Lakes masterplanned community, residents at Sterling Heights will enjoy a peaceful lifestyle just above Rancho Santa Fe. Grassy areas with a lake, bubbling stream and walking trails add to the sense of serenity at Sterling Heights and give residents a place to gather and play while remaining just minutes from San Diego’s active North County. From cozy coffee shops and boutiques to larger regional retail centers, residents at Sterling Heights are a short drive to some of the area’s best shopping, dining and entertainment. Beaches are less than seven miles away, as are Interstates 5 and 15, and State Route 56, linking to the larger attractions and entertainment centers of metro San Diego. As part of the purchase package, each new Sterling homeowner will receive a complimentary Athletic Membership which includes the initiation fee and first-year dues at The Crosby Golf Club, a par 70/72 course designed by world renowned golf course architect and player Brian Curley. As part of the membership, homeowners will receive eight tee times at The Crosby Golf Club.
  • LP / Sq Ft: 397.06
  • Price Per Sq Ft: 397.14
  • SP/ Sq Ft: 397.14
  • Stories: 2 Story
  • Ownership: Fee Simple
  • Total Stories: 2
  • Year Built: 2020
  • 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

  • Equipment Available: Dishwasher, Fire Sprinklers, Garage Door Opener, Microwave, Gas Oven, Gas Stove, Gas Range, Gas Cooking
  • Fireplaces: 2
  • Fireplace: Fp In Family Room, Patio/Outdoors
  • Searchable Rooms: Bedroom Entry Level, Breakfast Area, Den, Dining Area, Great Room
  • Total Bedrooms: 5
  • Bedrooms: 5
  • Master Bedroom Dimensions: 18x17
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 4936
  • Total Bathrooms: 6

Exterior Features

  • Exterior Material: Stucco
  • Patio: Awning/Porch Covered
  • Roof: Tile/Clay

Garage/Parking

  • Garage Details: Attached
  • Garage Spaces: 4
  • Parking Spaces Total: 4

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Gas
  • Sewer/Septic: Sewer Paid
  • Water: Meter on Property
  • Water Heater Type: Tankless
  • Heating: Forced Air Unit
  • Heating Fuel: Natural Gas
  • Utilities: Water Connected

Condo/Co-op/Association

  • Complex Name: Sterling Heights Plan 1XB Hs 285
  • Total Fees: 6900.0
  • Community: RANCHO SANTA FE
  • Complex Features: Gated Community, On-Site Guard
  • Home Owner Association: The Lakes
  • Home Owner Association Fee Includes: Gated Community
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 575.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 8583764557

Fee Information

  • CFD Mello Roos Fee: 14338.0
  • CFD Mello Roos Fee Reflects: Year
  • Total Monthly Fees: 1770
  • CFD Mello Roos Fee Frequency: Semi-Annually

Lot Info

  • Lot Size: .5 to 1 AC
  • Topography: Rolling
  • Assessor Parcel Number: 267-441-04-00
  • Estimated Lot Sq Ft: 41415

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2020
Closed on
Aug 24, 2020
Sold by
Lennar Homes Of California Inc
Bought by
Nanavati Payal Atul and Sriramagiri Anand
Seller's Agent
Mark Schultz
Mark Schultz Broker
Buyer's Agent
Sheila Cavanaugh
Vanguard Properties
List Price
$1,959,900
Sold Price
$1,960,300
Premium/Discount to List
$400
0.02%
Current Estimated Value
$4,312,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,352,314
Avg. Annual Appreciation
16.93%
Original Mortgage
$1,160,222
Outstanding Balance
$1,014,347
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$3,298,267

Purchase Details

Closed on
Jul 20, 2020
Sold by
Ms Rialto The Lakes Ca Llc
Bought by
Lennar Homes Of California Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,160,222
Outstanding Balance
$1,014,347
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$3,298,267
Source: Public Records

Range of Values:

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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
Nanavati Payal Atul $1,960,500 Calatlantic Title Company
Lennar Homes Of California Inc $2,634,000 Calatlantic Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nanavati Payal Atul $1,160,222
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2020 09/30/20 Sold $1,960,300 0.0% $397 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $1,959,900 -- $397 / 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
2025 $36,421 $2,265,152 $696,003 $1,569,149
2024 $36,421 $2,220,738 $682,356 $1,538,382
2023 $35,618 $2,177,195 $668,977 $1,508,218
2022 $35,029 $2,134,506 $655,860 $1,478,646
2021 $33,154 $1,960,300 $643,000 $1,317,300
2020 $15,967 $425,000 $425,000 $0
2019 $14,801 $400,000 $400,000 $0
2018 $9,827 $400,000 $400,000 $0
2017 $9,501 $375,000 $375,000 $0
2016 $10,261 $450,000 $450,000 $0
2015 $11,260 $450,000 $450,000 $0
2014 $9,034 $258,000 $258,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200025679

San Diego MLS

APN: 267-441-04