See Home Value
Listed by: Cesy Cruz, Palomar Property Services
$1,010,000
● House - Off Market

1551 Pine Heights Way

San Marcos, CA 92069
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,288 Ft²
$5,647
Est. Monthly

About This Property

Seller is only willing to accept offers from buyers who can pay 100% in cash.  ATTENTION INVESTORS/DEVELOPERS!   This is a rare opportunity to acquire a 1.8-acre property in a prime San Marcos location. Just a block away from Costco, Walmart, and other major shopping centers, this property is ideally positioned for future development.   Currently zoned R-1 (Residential Single-Family), the property offers tremendous potential for rezoning to accommodate multi-family units, making it the perfect investment for developers with vision.   The lot features a 1288 sqft 3-bedroom, 2-bath home. The seller is specifically looking for an investor or developer who can unlock the full potential of this valuable lot and create something extraordinary in this rapidly growing neighborhood.   Septic will need to be replaced.  Owner is in possession of a County Permit for an alternative septic system and also two bids from contractors who specialize in alternative septic installations.  In addition, a local contractor, that works with developers, has created a checklist of items and timeline after talking to the city and county and is available as a consultant. With the right vision, this property could become a lucrative, income-generating investment. Don't miss out on this chance to invest in a highly desirable area with great upside potential!
Unit Size
1,288 Ft²
Days on Market
37 days
Land Size
1.80 acres
Price per sqft
$893
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1968

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Last updated: 2 years ago (CRMLS #NDP2501604)

Price History

Date / Event Date Event Price
Mar 28, 2025 Sold
Sold
Feb 17, 2025 Listed by Palomar Property Services $1,150,000
Listed by Palomar Property Services

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 78,408
  • Total Building Area: 1,288
  • Gross Building Area: 1,288
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RANCHO LOS VALLECITOS DE SAN M
  • Land Acres: 0000001800
  • Standard Land Use Code: 1001
  • County Land Use Code: 11
  • Legal Description 1: BLK 6 LOT 5 DOC201975REC67 IN TR 000806

Neighborhood

  • School District Name: San Marcos Unified School District
  • School Tax School District: SAN MARCOS CITY
  • Census Tract: 020309

Zoning

  • Zoning: R-1-10

Geography

  • Assessors Map Reference: 000806
  • Subdivision Tract Number: 000806
  • Parcel: 228-100-23-00
  • Block: 6
  • Lot: 5
  • Municipality: CITY OF SAN MARCOS
  • Latitude: 33.1369
  • Longitude: -117.117

    Address

  • Full Address: 1551 Pine Heights Way
  • Address - House Number: 1551
  • Address - Street Name: Pine Heights
  • Address - Suffix Type: Way
  • State: CA
  • City Name: San Marcos
  • Carrier Code: R002
  • 4-Digit Zip Code: 3533
  • Zip Code: 92069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $407,888
  • Tax Rate Code Area: 13-049

    Appraisal Valuation

  • Standard Deviation: 0.1478
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 82
  • Final Value: 778,107
  • High Value: 893,111
  • Low Value: 663,102

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,172
  • Assessed Land Value: $247,544
  • Assessed Improvements Value: $112,628

    Sales

  • Current Sale Contract Date: Jan 21, 2009
  • Current Sale Recording Date: Feb 05, 2009
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2009-0057085
  • Previous Sale Recording Date: Aug 27, 2008
  • Previous Sale Contract Date: Aug 20, 2008
  • Previous Sale Amount: $263,000
  • Previous Sale Document Type: 69
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 1551 Pine Heights Way built and last sold?
The property at 1551 Pine Heights Way was built in 1968 and last sold on Jan 21, 2009 for $291,000.
How much is this home worth?
The estimated value of the home located at 1551 Pine Heights Way is $0.
What are some comparable homes to 1551 Pine Heights Way?
There are currently no comparable homes to 1551 Pine Heights Way.