NOT LISTED FOR SALE

Estimated Value: $2,912,000 - $4,196,000

6 Beds
4 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold April 05, 2016

Last sale price $1,750,000

Est. 101% increase in value since last sale

Current estimated payment $20,728/month

359 Days on Market

Highlights

  • Ocean View
  • Cooling Available
  • 1-minute walk to Leucadia State Beach
  • Paul Ecke-Central Elementary Rated A
  • Forced Air Heating System

About This Home

As of April 2016

Up and down beach duplex diagonally across the street from Beacon’s beach access. Great location in the heart of it all where every surf child of every age would love to live. Some nice ocean views from upstairs, just a hop skip and a jump to the beach. Would lend itself nicely to a remodel or could be purchased purely as an investment. This kind of property in this kind of location is becoming more and more in demand every week. Neighborhoods: Beach / Leucadia, next to Beacon's Exterior: Wood/Stucco Other Fees: 0 Unit # for Unit 1: A Unit # for Unit 2: B Number of Furnished Units: 0 Topography: GSL

Last Agent to Sell the Property

Walter Shaffer

Walter Bert Shaffer, Broker License #00875202 Listed on: 04/01/2015

Co-Listed By

Charles Miller

Rohn Prop Mgnt.&Brokerage License #00697216

Last Buyer's Agent

Walter Shaffer

Walter Bert Shaffer, Broker License #00875202 Listed on: 04/01/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Combination Of Heating Systems
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 2543022200

Community Details

Overview

  • 2 Units
  • "Beach, Ocean"

Building Details

  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • CapRate: 1.00
  • Park Name: "Beach, Ocean"
  • Subdivision Name Other: Encinitas
  • View: Yes
  • Zoning: R8
  • Property Type: Residential Income
  • Parcel Number: 2543022200
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • View: Ocean
  • Fence: No
  • Roof: Composition

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Combination, Forced Air
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 6534.00

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Gross Scheduled Income: 1.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 1.00
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2016
Sold by
Killion Richard W and Killion Lynn C
Bought by
Killion Richard W and Killion Lynn C
Current Estimated Value
$3,515,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Outstanding Balance
$956,537
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,559,286

Purchase Details

Closed on
Nov 6, 2015
Sold by
Mcbride David Edward and Mcbride Peter Desmond
Bought by
The Killion Inter Vivos Trust

Purchase Details

Closed on
Jan 17, 2013
Sold by
Mcbride David Edward
Bought by
Mcbridge David Edward and Mcbride Peter Desmond

Purchase Details

Closed on
Oct 16, 2012
Sold by
Mcbride David Edward
Bought by
Mcbride David Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2012
Sold by
Mcbride David Edward and Mcbride Peter Desmond
Bought by
Mcbride David Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2012
Sold by
Mcbride Peter Desmond
Bought by
Mcbride David Edward and Mcbride Peter Desmond

Purchase Details

Closed on
Feb 20, 2012
Sold by
Mcbride David Edward and Mcbride Peter Desmond
Bought by
Mcbride Peter Desmond

Purchase Details

Closed on
Aug 29, 2005
Sold by
Mcbride Peter R
Bought by
Mcbride Peter R

Purchase Details

Closed on
May 3, 2005
Sold by
Mcbride Peter R
Bought by
Mcbride Peter Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,700
Interest Rate
5.99%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 13, 2003
Sold by
Mcbride Peter R and Mcbride Neva K
Bought by
Mcbride Peter Raymond and Mcbride Neva Kay

Purchase Details

Closed on
Dec 24, 1985
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
Killion Richard W -- First American Title Company
The Killion Inter Vivos Trust $1,750,000 First American Title Ins Co
Mcbridge David Edward -- None Available
Mcbride David Edward -- Stewart Title Of California
Mcbride David Edward -- None Available
Mcbride David Edward -- None Available
Mcbride Peter Desmond -- None Available
Mcbride Peter R -- --
Mcbride Peter Raymond -- First American Title
Mcbride Peter R -- First American Title
Mcbride Peter Raymond -- --
-- $188,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Killion Richard W $1,225,000
Previous Owner Mcbride David Edward $180,000
Previous Owner Mcbride Peter R $208,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2016 04/05/16 Sold $1,750,000 0.0% --
03/25/2016 03/25/16 Pending -- -- --
04/01/2015 04/01/15 For Sale $1,750,000 -- --
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 $27,681 $2,530,640 $1,780,793 $749,847
2024 $27,681 $2,481,021 $1,745,876 $735,145
2023 $23,659 $2,121,198 $1,711,742 $409,456
2022 $21,750 $1,952,156 $1,673,277 $278,879
2021 $21,206 $1,913,879 $1,640,468 $273,411
2020 $20,880 $1,894,256 $1,623,648 $270,608
2019 $20,461 $1,857,114 $1,591,812 $265,302
2018 $20,068 $1,820,700 $1,560,600 $260,100
2017 $19,718 $1,785,000 $1,530,000 $255,000
2016 $5,895 $487,195 $235,503 $251,692
2015 $5,760 $479,878 $231,966 $247,912
2014 $5,604 $470,479 $227,423 $243,056
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 150017193

California Regional Multiple Listing Service (CRMLS)

APN: 254-302-22