See Home Value
San Marcos 92078
940 Pearl Drive
$2,531,143*
House - Off Market

940 Pearl Drive

San Marcos, CA 92078
bedrooms
5 Beds
bathrooms
7 Baths, 2 Half Baths
square feet
4998 Sqft
$2,025,000 - $2,473,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold May 18, 2021
$2,249,000
$2,000,000 by Citibank, Na
Mortgage Due Apr 01, 2054
Sold May 29, 2014
$1,331,500
$932,044 by Luther Burbank Savings
Mortgage Due Jun 01, 2044

About This Property

Welcome to one-of-a-kind Luxury living at it's finest behind the gated community of The Estates in San Elijo Hills. As seen in Wall Street Journal & New York Times with Style and Unique custom details, this 5 Star created Oasis is like nothing you have ever imagined. No expense spared on this stunning estate home featuring 5 bedrooms and 7 bathrooms with just under 5,000 sq ft of living space, you must see to appreciate the attention to detail & craftsmanship in this luxurious home. Each bedroom has a full bath for guests and a separate mother-in-law suite on entry-level. A life of luxury awaits in this spectacular home offering something for everyone! No detail has been overlooked or expense spared in the creation of what can only be described as a residential masterpiece. Even before you step inside, the grand facade and courtyard entry with a fountain set the tone for this one-of-a-kind home that'll surely take your breath away.The same sense of elegance continues inside with generous living spaces that feel opulent, yet comfortable and inviting. You'll love preparing meals in the gourmet kitchen with custom stone counters, stainless steel appliances that include double dishwashers and ovens, breakfast bar, generous pantry and gorgeous cabinetry. Your private west-facing master retreat offers dual custom closets and two water closets, while each bedroom has its own bathroom, including the separate private casita with it's own entrance. Multiple fireplaces throughout add a cozy ambience, and a true sense of luxury is on show from the main chandelier, which is over six-feet-long, to the wood shutters and whole-house sound system which extends to the courtyard. The incredible list of inclusions continues outside with immaculate landscaping and hardscaping, fruit trees, a full outdoor kitchen, complete with chandelier, pendant lighting and outdoor table and seating. A new top of the line Samsung 75-inch outdoor TV  and Sonos stereo system is perfect for outdoor en...

The manager has listed the unit size as 4998 square feet.
Unit Size
4,998Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$450
Property Type
House
Property Taxes
-
HOA Dues
$184
Year Built
2008

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
May 18, 2021 Sold to Christian Bannerman, Cynthi... $2,249,000
Sold to Christian Bannerman, Cynthi...
Mar 27, 2021 In contract -
In contract
Feb 2, 2021 No longer available -
No longer available
Jan 28, 2021 Price Decreased $2,395,000
↓ $55K (2.2%)
Price Decreased
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 21,265
  • Total Building Area: 4,998
  • Building Area: 4,998
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,998
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SAN MARCOS THE QUORUM
  • Land Acres: 0.488
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: LOT 15 TR 015421

Ownership

  • Current Owner : BANNERMAN CHRISTIAN
  • Current Owner 2: BANNERMAN CYNTHIA GYAMFI
  • Previous Owner : SICKINGER KIMBERLY LYNN
  • Previous Owner 2: SICKINGER MICHAEL REY
  • Owner Before Previous Owner: THE ESTATE AT SAN ELIJO HILLS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

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

Zoning

  • Zoning: SPA

Geography

  • Assessors Map Reference: 015421
  • Subdivision Tract Number: 015421
  • Parcel: 679-290-15-00
  • Lot: 15
  • Municipality: CITY OF SAN MARCOS
  • Latitude: 33.1063
  • Longitude: -117.193

    Address

  • Full Address: 940 Pearl Dr
  • Address - House Number: 940
  • Address - Street Name: Pearl
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: San Marcos
  • Carrier Code: R015
  • 4-Digit Zip Code: 2836
  • Zip Code: 92078

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $25,935
  • Tax Rate Code Area: 13-066

    Appraisal Valuation

  • Standard Deviation: 0.1793
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 76
  • Final Value: 2,834,900
  • High Value: 3,343,286
  • Low Value: 2,326,515

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: CITIBANK, NA
  • First Open Lien Mortgage Recording Date: Mar 25, 2024
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,339,859
  • Assessed Land Value: $1,248,480
  • Assessed Improvements Value: $1,091,379

    Sales

  • Current Sale Contract Date: Apr 02, 2021
  • Current Sale Recording Date: May 18, 2021
  • Current Sale Transaction ID: 11836314008
  • Current Sale Price: $2,249,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0378399
  • Previous Sale Recording Date: May 29, 2014
  • Previous Sale Contract Date: Mar 18, 2014
  • Previous Sale Amount: $1,331,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: LUXURY MORTGAGE CORP
  • First Mortgage Transaction Date: May 18, 2021
  • First Mortgage Loan Amount: $1,799,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: LUTHER BURBANK SAVINGS
  • Previous Mortgage Transaction Date: May 29, 2014
  • Previous Mortgage Loan Amount: $932,044
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2044



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 919 Bridgeport Ct., San Marcos, CA, 92078

$5,150 /mo

  • 5 Beds
  • 4 Baths
  • 2,994 ft²
919 Bridgeport Ct. #919 Bridgeport Ct., San Marcos, CA, 92078 Listing by Manager
Unit for rent at 735 Merit Dr, San Marcos, CA, 92078

$4,995 /mo

  • 4 Beds
  • 3 Baths
  • 2,458 ft²
735 Merit Dr #735 Merit Dr, San Marcos, CA, 92078 Listing by Manager


Frequently Asked Questions

When was property at 940 Pearl Drive built and last sold?
The property at 940 Pearl Drive was built in 2008 and last sold on Apr 2, 2021 for $2,249,000.
How much is this home worth?
The estimated value of the home located at 940 Pearl Drive is $2,276,550.
What are some comparable homes to 940 Pearl Drive?
There are currently no comparable homes to 940 Pearl Drive.

Quantcast