NOT LISTED FOR SALE

940 Santa Margarita Dr Fallbrook, CA 92028

Fallbrook Area

Estimated Value: $508,000 - $1,471,000

3 Beds
2 Baths
2,900 Sq Ft
$332/Sq Ft Est. Value

Sale Details

Date Sold: December 5, 2012

Last sale price $400,000 $138 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $5,391 / mo

71 Days on Market

Highlights

  • Guest House
  • Aviary
  • RV Access or Parking
  • Koi Pond
  • Private Pool
  • 2.72 Acre Lot

About This Home

As of December 2012

Amazing opportunity to own over 2 acres in Fallbrook's North end. There are several outbuildings including a barn, shop, office, aviaries, pond, pool & spa. The main house is an oldie but goodie with lots of charm and great views. The 2 BR detached guest house currently rents for $1200 per month and front fenced area rented to contractor for $600 per month. So much opportunity here. Close to town and all amenities. Would make great horse property with plenty of level land. Whether for income or personal use this is a great buy...nice little spot for weddings too... There are 2 APN's totaling approx. 2.52 acres. There is another parcel along street which may be available as well. Check zoning for multiple dwellings.
Horses & corrals on property belong to tenant and do not convey.
All info deemed reliable but not guaranteed buyer to verify prior to COE.

Last Agent to Sell the Property

Marilee Lowe

Windermere Homes & Estates License #01420576 Listed on: 08/21/2012

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910 | Remodeled

Lot Details

  • 2.72 Acre Lot
  • Rural Setting
  • Chain Link Fence
  • Drip System Landscaping
  • Secluded Lot
  • Level Lot
  • Sprinklers Throughout Yard
  • Lawn
  • Garden
  • Property is zoned Multi Res

Home Design

  • Bungalow
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2,900 Sq Ft Home
  • Family Room with Fireplace
  • Living Room
  • Open Floorplan
  • Bonus Room
  • Workshop
  • Views of Hills

Kitchen

  • Country Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry
  • Oven
  • Electric Cooktop
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Gas And Electric Dryer Hookup

Parking

  • 2 Detached Carport Spaces
  • Pull-through
  • Parking Available
  • Private Parking
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Private Pool
  • Deck
  • Brick Porch or Patio
  • Koi Pond
  • Aviary
  • Gazebo
  • Separate Outdoor Workshop
  • Shed
  • Outbuilding

Additional Homes

  • Two Homes on a Lot
  • Guest House

Utilities

  • No Heating
  • Propane
  • Conventional Septic

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 1050522100

Home Details

Home Type

Single Family

Year Built

Built in 1910 | Remodeled

Lot Details

2.72 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: Multi Res
  • Architectural Style: Bungalow
  • Property Condition: Additions/Alterations, Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1050522100
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2900.00
  • Interior Amenities: Pantry, Unfurnished
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Country Kitchen, In Family Room, In Living Room
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 137.93
  • Room Type: Bonus Room, Living Room, Main Floor Bedroom, Walk-In Pantry, Separate Family Room, Workshop

Exterior Features

  • Patio: Yes
  • Other Structures: Aviary, Guest House, Gazebo, Outbuilding, Storage, Shed(s), Workshop, Two On A Lot
  • Exterior Features: Koi Pond
  • View: Hills
  • Fence: Yes
  • Fencing: Chain Link
  • Patio And Porch Features: Brick, Deck
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Detached Carport, Asphalt, On Site, Pull-through, Private, RV Access/Parking

Utilities

  • Utilities: Propane
  • Sprinklers: Yes
  • Heating: No
  • Laundry: Yes
  • Appliances: Electric Cooking, Disposal, Oven, Propane Cooking, Cooktop
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Conventional Septic

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Lot Features: Garden, Gentle Sloping, Level, Lawn, Landscaped, Secluded, Sprinklers Drip System, Sprinklers In Front, Sprinklers Manual, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer
  • Lot Size Sq Ft: 118483.00
  • Lot Size Acres: 2.7200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2.7200 Acres

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2014
Sold by
Bought by
Current Estimated Value
$961,667

Purchase Details

Closed on
Mar 8, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
6.93%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$495,000 Ticor Title
-- Ticor Title Co Of California
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $552,000
Previous Owner $279,000
Previous Owner $278,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/05/2012 12/05/12 Sold $400,000 -13.0% $138 / Sq Ft
10/31/2012 10/31/12 Pending -- -- --
10/18/2012 10/18/12 Price Changed $459,900 -7.3% $159 / Sq Ft
08/21/2012 08/21/12 For Sale $495,900 -- $171 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,316 $122,578 $110,324 $12,254
2025 $1,285 $120,175 $108,161 $12,014
2024 $1,285 $117,820 $106,041 $11,779
2023 $1,261 $115,511 $103,962 $11,549
2022 $1,261 $113,247 $101,924 $11,323
2021 $1,220 $111,027 $99,926 $11,101
2020 $1,230 $109,890 $98,902 $10,988
2019 $1,205 $107,736 $96,963 $10,773
2018 $1,188 $105,624 $95,062 $10,562
2017 $1,165 $103,554 $93,199 $10,355
2016 $1,136 $101,524 $91,372 $10,152
2015 $980 $87,090 $81,968 $5,122
2014 $962 $85,385 $80,363 $5,022
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: T12105688

California Regional Multiple Listing Service (CRMLS)

APN: 105-052-21

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