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Sold for $1,010,000
  • Listed by: Palomar Property Services • Cesy Cruz • Contact: 760-445-8886
    Bought with: ShoppingSDHouses
    $1,010,000

    1551 Pine Heights Way, San Marcos, CA 92069

    3beds
    1,288sqft
    Single Family Residence
    Built in 1968
    1.8 Acres Lot
    $1,009,600 Zestimate®
    $784/sqft
    $3,465 Estimated rent

    Home value

    $1,009,600

    $919,000 - $1.10M

    $3,465/mo

    Zestimate® history
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    What's special

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Cesy Cruz DRE #01789608 cesycruzrealtor@gmail.com,

    Palomar Property Services,

    John Boruff DRE #01857648 619-733-4230,

    Palomar Property Services

    Bought with:

    Dominic Jabro, DRE #02135294

    ShoppingSDHouses

    Source: CRMLS,MLS#: NDP2501604MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Rooms
    • Room types: Bedroom, Kitchen, Laundry, Living Room
    Bedroom
    • Features: All Bedrooms Down
    Heating
    • Central, Fireplace(s)
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Range Hood
    • Laundry: Laundry Room
    Features
    • All Bedrooms Down
    • Flooring: Carpet, Laminate, Tile
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,288 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Driveway, Garage
    • Attached garage spaces: 2
    • Uncovered spaces: 4
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Side Entry
    • Pool features: None
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 1.8 Acres
    • Features: Back Yard, Corner Lot, Front Yard
    Details
    • Parcel number: 2281002300
    • Zoning: R-1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1968

    Utilities & green energy

    • Sewer: Other
    • Utilities for property: Electricity Connected

    Community & HOA

    Community
    • Features: Sidewalks, Urban
    Location
    • Region: San Marcos

    Financial & listing details

    • Price per square foot: $784/sqft
    • Tax assessed value: $374,720
    • Annual tax amount: $4,265
    • Date on market: 2/19/2025
    • Listing terms: Cash

    Price history

    DateEventPrice
    3/28/2025Sold$1,010,000-12.2%$784/sqft
    Source: CRMLS #NDP2501604 Report a problem
    3/11/2025Pending sale$1,150,000$893/sqft
    Source: CRMLS #NDP2501604 Report a problem
    2/20/2025Listed for sale$1,150,000+295.2%$893/sqft
    Source: CRMLS #NDP2501604 Report a problem
    2/5/2009Sold$291,000+10.6%$226/sqft
    Source: Public Record Report a problem
    8/27/2008Sold$263,000-66.3%$204/sqft
    Source: Public Record Report a problem
    6/14/2007Sold$780,000$606/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,265 +2.1%$374,720 +2%
    2024$4,178 +2.4%$367,374 +2%
    2023$4,079 +1.2%$360,172 +2%
    2022$4,029 +1.7%$353,111 +2%
    2021$3,961 +0.8%$346,188 +1%
    2020$3,930 +3.9%$342,639 +2%
    2019$3,783 +1.7%$335,922 +2%
    2018$3,721 +1.8%$329,336 +2%
    2017$3,657 +2.1%$322,879 +2%
    2016$3,582 +1%$316,549 +1.5%
    2015$3,547 +4.9%$311,796 +2%
    2014$3,383 $305,690 +0.5%
    2013-- $304,309 +2%
    2012-- $298,344 +2%
    2011-- $292,495 +0.8%
    2010-- $290,310 -0.2%
    2009-- $291,000 -63.4%
    2008-- $795,600 +1077.6%
    2007-- $67,563 +2%
    2006-- $66,239 +2%
    2005-- $64,941 +2%
    2004-- $63,669 +1.9%
    2003-- $62,503 +2%
    2002-- $61,279 +2%
    2001-- $60,079
    Find assessor info on the county website

    Neighborhood: 92069

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,009,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,009,600