See Home Value
$1,225,000
● House - Off Market

704 Merit Dr

San Marcos, CA 92078
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,646 Ft²
$6,253
Est. Monthly
$238
HOA / Fees
5.64%
Cap Rate

About This Property

Welcome to 704 Merit Drive. A 4BR/3BA home located on the desirable west end of the gated Rancho Tesoro community. Enjoy ocean breezes and no traffic noise from the community gates in this peaceful and private location. With 2,646 sq ft of open-concept living, this residence features a main-level guest suite, chef's kitchen with quartz countertops, stainless steel appliances, and custom cabinetry. Upstairs offers a versatile loft, two guest bedrooms, and a spacious primary suite. Recent upgrades include interior paint and custom window shutters. Community perks include parks, quick access to scenic San Marcos trails, Discovery Lake and South Lake and top-rated San Marcos schools, including Discovery Elementary School. Rancho Tesoro has fun for everyone, with neighborhood events throughout the year. Zoned for the top-rated San Marcos schools and minutes from dining, shopping, and freeway access. Low HOA, energy-efficient utilities, and a 2-car garage with additional 2-car driveway. A rare opportunity to own in a highly sought-after​​‌​​​​‌​​‌‌​​‌​​​‌‌​‌​​​​‌‌​​‌​​​‌‌​‌​​ location!
Unit Size
2,646 Ft²
Days on Market
41 days
Land Size
-
Price per sqft
$463
Property Type
House
Property Taxes
-
HOA Dues
$238
Year Built
2019

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (SDMLS #250030188SD)

Price History

Date / Event Date Event Price
Jul 21, 2025 Sold
Sold
Jun 20, 2025 In contract -
In contract
Jun 11, 2025 Listed by Compass $1,225,000
Listed by Compass
Sep 9, 2023 No longer available -
No longer available
Aug 12, 2023 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • 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: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 2,646
  • Building Area: 2,646
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,646
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Standard Land Use Code: 1004
  • County Land Use Code: 17
  • Legal Description 1: LOT 21 US 195 PER DOC18-0462957&UND INT IN TR 16159

Neighborhood

  • School District Name: San Marcos Unified School District
  • School Tax School District: SAN MARCOS CITY
  • Census Tract: 020044

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 16159
  • Subdivision Tract Number: 16159
  • Parcel: 222-174-17-06
  • Lot: 21
  • Municipality: CITY OF SAN MARCOS
  • Latitude: 33.12
  • Longitude: -117.168

    Address

  • Full Address: 704 Merit Dr
  • Address - House Number: 704
  • Address - Street Name: Merit
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: San Marcos
  • Carrier Code: R016
  • 4-Digit Zip Code: 1404
  • Zip Code: 92078

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,170,952
  • Tax Rate Code Area: 13-290

    Appraisal Valuation

  • Standard Deviation: 0.2057
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 72
  • Final Value: 979,868
  • High Value: 1,181,498
  • Low Value: 778,238

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $772,712
  • Assessed Land Value: $315,353
  • Assessed Improvements Value: $457,359

    Sales

  • Current Sale Contract Date: Sep 05, 2023
  • Current Sale Recording Date: Sep 07, 2023
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 242556
  • Previous Sale Recording Date: Sep 23, 2019
  • Previous Sale Contract Date: Sep 20, 2019
  • Previous Sale Amount: $735,500
  • Previous Sale Document Type: 36
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

About San Marcos


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 222 N City Drive, SAN MARCOS, CA, 92078

$5,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,195 ft²
222 N City Drive #1026, SAN MARCOS, CA, 92078 Listing by Gunilla De Santo
Unit for rent at 1015 Sparrow Ct, San Marcos, CA, 82078

$4,700 /mo

  • 4 Beds
  • 3 Baths
  • 2,111 ft²
1015 Sparrow Ct, San Marcos, CA, 82078 Listing by Kathy Goodrich-Bader


Frequently Asked Questions

When was property at 704 Merit Drive built and last sold?
The property at 704 Merit Drive was built in 2019 and last sold on Sep 5, 2023 for $1,225,000.
How much is this home worth?
The estimated value of the home located at 704 Merit Drive is $1,243,573.
What are some comparable homes to 704 Merit Drive?
There are currently no comparable homes to 704 Merit Drive.