NOT LISTED FOR SALE

975 Melba Rd Encinitas, CA 92024

Central Encinitas Neighborhood

Estimated Value: $1,741,448 - $2,323,000

4 Beds
2 Baths
1,904 Sq Ft
$1,001/Sq Ft Est. Value

Last Sold June 27, 2012

Last sale price $532,000 $279 Per Sq Ft

Est. 258% increase in value since last sale

Current estimated payment $10,662/month

91 Days on Market

Highlights

  • Detached Carport Space
  • Partially Fenced Property
  • 1-Story Property
  • Ocean Knoll Elementary School Rated A

About This Home

As of June 2012

WOW, BIG REDUCTION MADE ON 3/30/12!!! Duplex in a desirable area, close to the beach and schools. The bank repaired the property including new carpet, kitchen flooring and paint. This is a great investment property to rent both units or live in one and rent the other. Each unit has its own backyard and garage. Bank of America, N.A. employees and employees' household members of the Bank are prohibited from from purchasing this property, whether directly or indirectly.

Last Agent to Sell the Property

Brian Guiltinan

The Guiltinan Group License #01210738 Listed on: 02/27/2012

Last Buyer's Agent

Jimmy Phan

Integrity Realty License #01273728

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 7,841 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • Detached Carport Space
  • Parking Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2592703600

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Subdivision Name Other: ENCINITAS
  • Property Type: Residential Income
  • Parcel Number: 2592703600
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Detached Carport

Utilities

  • Sewer: Other

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 7840.80
  • Lot Size Acres: 0.1800

Multi Family

  • Lot Size Area: 0.1800 Acres
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2012
Closed on
May 4, 2012
Sold by
Bank Of America Na
Bought by
Bangert Carl and Bangert Eileen
Seller's Agent
Brian Guiltinan
The Guiltinan Group
Buyer's Agent
Jimmy Phan
Integrity Realty
List Price
$570,700
Sold Price
$532,000
Premium/Discount to List
-$38,700
-6.78%
Current Estimated Value
$1,906,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,374,112
Avg. Annual Appreciation
9.95%
Original Mortgage
$397,868
Interest Rate
3.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 2, 2011
Sold by
Duran Gabriel R
Bought by
Bank Of America Na

Purchase Details

Closed on
Jun 28, 2006
Sold by
Miguel Efigenia Cruz
Bought by
Duran Gabriel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
6.69%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 26, 2006
Sold by
Crickmore Jerald D
Bought by
Duran Gabriel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
6.69%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 17, 1994
Sold by
Carey John Lawrence
Bought by
Carey John Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bangert Carl $530,500 Landsafe
Bank Of America Na $436,050 Landsafe Title
Duran Gabriel R -- Equity Title Co San Diego
Duran Gabriel R $850,000 Equity Title Co San Diego
Carey John Lawrence -- Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bangert Carl $397,868
Previous Owner Duran Gabriel R $72,500
Previous Owner Duran Gabriel R $650,000
Previous Owner Carey John Lawrence $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2012 06/27/12 Sold $532,000 -6.8% $279 / Sq Ft
05/28/2012 05/28/12 Pending -- -- --
02/27/2012 02/27/12 For Sale $570,700 -- $300 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,631 $666,314 $605,747 $60,567
2024 $7,631 $653,250 $593,870 $59,380
2023 $7,381 $640,442 $582,226 $58,216
2022 $7,230 $627,885 $570,810 $57,075
2021 $7,167 $615,574 $559,618 $55,956
2020 $7,038 $609,263 $553,880 $55,383
2019 $6,902 $597,318 $543,020 $54,298
2018 $6,746 $585,607 $532,373 $53,234
2017 $191 $574,126 $521,935 $52,191
2016 $6,468 $562,869 $511,701 $51,168
2015 $6,684 $554,415 $504,015 $50,400
2014 $6,792 $543,556 $494,143 $49,413
Source: Public Records

Agents Affiliated with this Home

  • Brian Guiltinan

    Seller's Agent in 2012

    Brian Guiltinan

    The Guiltinan Group

    (858) 756-8280

    1 in this area

    48 Total Sales

    Brian Guiltinan
    Section Image

  • J

    Buyer's Agent in 2012

    Jimmy Phan

    Integrity Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 120010783

California Regional Multiple Listing Service (CRMLS)

APN: 259-270-36

California San Diego County Encinitas 92024 Central Encinitas

975 Melba Rd, Encinitas, CA

Not Listed for Sale

MultiFamily

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