NOT LISTED FOR SALE

862 Melba Rd Unit 64 Encinitas, CA 92024

Estimated Value: $1,686,000 - $1,924,000

4 Beds
2 Baths
1,600 Sq Ft
$1,152/Sq Ft Est. Value

Last Sold October 12, 2016

Last sale price $1,161,000 $726 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $11,484/month

19 Days on Market

Highlights

  • Ocean View
  • Partially Fenced Property
  • 1-Story Property
  • Ocean Knoll Elementary School Rated A

About This Home

As of October 2016

Opportunity awaits, spectacular ocean views & awesome cashflow!! Property consists of duplex plus 2 outbuildings...perfect for kids playhouse,workshop, art/yoga room. Duplex has brand new roof, dual pane windows, remodeled kitchens with granite countertops, recessed lighting, wood cabinets w/ self closing drawers, and stainless steel appliances. Units also have: remodeled bathrooms, wide plank engineered wood flooring, exposed beam ceilings & lots of natural light. 862 MELBA RD: beautiful ocean views, wood windows in family room (dual pane windows throughout), 2 closets in master bedroom, private backyard with spacious patio & garden area, attached 1 car garage, laundry in garage or hook-ups outside, brand new kitchen with: granite countertops, wood cabinets, stainless steel appliances & recessed lighting. 864 MELBA RD: beautiful ocean views, wood windows in family room (dual pane windows throughout), 2 closets in master bedroom, shared backyard with casitas includes spacious patio & garden area, attached 1 car garage, laundry in closet outside, recently remodeled kitchen with: granite countertops, wood cabinets, Bosch stainless steel appliances & recessed lighting.

Last Agent to Sell the Property

Paul Hervieux

Keller Williams Realty License #01874325 Listed on: 07/22/2016

Keller Williams Realty

Last Buyer's Agent

Non-Member Default

Default Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,564

Year Built

  • Built in 1953

Lot Details

  • Partially Fenced Property
  • Sprinklers on Timer

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Ocean Views

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 258-372-34-00

Community Details

Overview

  • 2 Units
  • Olde Encinitas Community

Building Details

  • Net Operating Income $37,230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,564

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: Arcadia
  • Neighborhood: Olde Encinitas
  • Supplement: 862 MELBA RD: beautiful ocean views, wood windows in family room (dual pane windows throughout), 2 closets in master bedroom, private backyard with spacious patio & garden area, attached 1 car garage, laundry in garage or hook-ups outside, brand new kitchen with: granite countertops, wood cabinets, stainless steel appliances & recessed lighting. 864 MELBA RD: beautiful ocean views, wood windows in family room (dual pane windows throughout), 2 closets in master bedroom, shared backyard with casitas includes spacious patio & garden area, attached 1 car garage, laundry in closet outside, recently remodeled kitchen with: granite countertops, wood cabinets, Bosch stainless steel appliances & recessed lighting.
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 1953
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition
  • View: Ocean

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: Olde Encinitas
  • Community: ENCINITAS

Lot Info

  • Irrigation: Automatic
  • Lot Size: 7,500-10,889 SF
  • Water District: OLIVENHAIN MUNICAL WATER DISTRI
  • Assessor Parcel Number: 258-372-34-00
  • Land Use Code: R11
  • Water District URL: http://www.olivenhain.com

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 37230
  • Annual Expense Actual: 10770
  • Gross Rent Multiplier Actual: 23.56
  • Gross Sched Income Actual: 48000
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2016
Closed on
Aug 24, 2016
Sold by
Hervieux Paul
Bought by
240 South Cedros Llc
Seller's Agent
Paul Hervieux
Keller Williams Realty
Buyer's Agent
Non-Member Default
Default Non-Member Office
List Price
$1,190,000
Sold Price
$1,161,000
Premium/Discount to List
-$29,000
-2.44%
Current Estimated Value
$1,843,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$682,567
Avg. Annual Appreciation
5.22%
Original Mortgage
$565,500
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 21, 2007
Sold by
Hervieux Emily
Bought by
Hervieux Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.18%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 25, 2007
Sold by
Smith V Quentin
Bought by
Hervieux Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.18%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 7, 2001
Sold by
Hadley Ronald
Bought by
Smith V Quentin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.99%
Mortgage Type
Stand Alone First
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
240 South Cedros Llc $1,131,000 Fidelity National Title Co
Hervieux Paul -- New Century Title Co
Hervieux Paul $750,000 New Century Title
Smith V Quentin $320,000 New Century Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 240 South Cedros Llc $565,500
Previous Owner Hervieux Paul $112,500
Previous Owner Hervieux Paul $600,000
Previous Owner Smith V Quentin $373,750
Previous Owner Smith V Quentin $272,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2016 10/12/16 Sold $1,161,000 -2.4% $726 / Sq Ft
08/10/2016 08/10/16 Pending -- -- --
08/01/2016 08/01/16 For Sale $1,190,000 0.0% $744 / Sq Ft
07/28/2016 07/28/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $1,190,000 -- $744 / 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 $14,564 $1,304,727 $1,058,178 $246,549
2023 $14,148 $1,279,145 $1,037,430 $241,715
2022 $13,834 $1,254,065 $1,017,089 $236,976
2021 $13,632 $1,229,477 $997,147 $232,330
2020 $13,595 $1,216,871 $986,923 $229,948
2019 $13,325 $1,193,012 $967,572 $225,440
2018 $12,953 $1,153,620 $948,600 $205,020
2017 $12,758 $1,131,000 $930,000 $201,000
2016 $8,205 $720,000 $648,000 $72,000
2015 $7,470 $650,000 $585,000 $65,000
2014 $6,973 $600,000 $539,000 $61,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Paul Hervieux

    Keller Williams Realty

    (858) 720-1900

    Section Image

  • N

    Buyer's Agent in 2016

    Non-Member Default

    Default Non-Member Office

  • O

    Buyer's Agent in 2016

    Out of Area Agent

    Out of Area Office

  • K

    Buyer's Agent in 2016

    Kathryn Frost

    RETS IDX TCAR VENDORS

    (785) 841-2400

    Section Image
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Map

Source: San Diego MLS

MLS Number: 160040618

San Diego MLS

APN: 258-372-34

California San Diego County Encinitas 92024

862 Melba Rd Unit 64, Encinitas, CA

This home is located at 862 Melba Rd Unit 64, Encinitas, CA 92024 since 22 July 2016 and is currently estimated at $1,843,567, approximately $1,152 per square foot. This property was built in 1953. 862 Melba Rd Unit 64 is a home located in San Diego County with nearby schools including Ocean Knoll Elementary School, Oak Crest Middle School, and La Costa Canyon High School.

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