tomo logo

$1,249,500

Beds
3
Baths
3.0
sq ft
3,735

158 Lake Ridge Cir, Fallbrook, CA 92028

158 Lake Ridge Cir

Fallbrook, CA 92028

  • 97 days on market
    • Price drop $50,000↓
When you entertain at home, do you dream of having a large enough kitchen for everyone to gather? Do you dream of having a two-office suite with a fireplace for your home-based business? Or a nearly 1000 sq.ft one-bedroom suite with a spacious living area, entertainment wall, and stone-faced fireplace? Do you dream of watching sunsets from your private patio while enjoying the sweet smell of citrus blossoms? If you have, then your dreams have come true. This exquisite custom-built entertainer's dream home in gated Lake Ridge Estates offers 3700 sq.ft boasts three bedrooms (two on the main floor and one downstairs), three full baths, a formal living & dining room, a chef's gourmet kitchen that offers custom cherry wood cabinetry, stainless steel electric double oven, an oversized refrigerator/freezer, two dishwashers, a pro six burner gas cooktop, and drawer microwave oven in the island. Slab Brazilian granite countertops, large center island with sink and barstool seating that opens to the family room, large library/game room, three fireplaces, and two expansive outdoor entertaining areas on over an acre of gentle usable land. The lower level layout is ideal for a home-based business with two large offices, one with a fireplace and separated by a full bath. If you'd prefer a beautiful guest room or multigenerational living, the fabulous area offers a one-bedroom suite with private access, a walk-in closet, travertine floors, a spacious full bath, and a living area with a built-in entertainment area with wood-burning stone-faced fireplace. Just add a small kitchen to finish it off, and you have a beautiful ADU for rental income. Beautifully landscaped & fenced front and back yard including blooming drought tolerant plants and a variety of trees, approximately twenty family fruit trees, and a raised vegetable garden. Entertain your family & friends in the 15 x 30 ft. outdoor second-story covered veranda overlooking the wonderful Fallbrook countryside and the neighboring 35-acre lemon grove. This added feature includes a Durawood patio cover, slate tile flooring, and commercial retractable sun shades to allow just the right amount of sunshine. Under this veranda, you will find another expansive entertaining area in the backyard paradise, complete with a gorgeous three-tiered fountain, over 1700 sq.ft.of pavers. Rarely do you get a second chance but we’re back on the market as the buyer wasn’t able to perform so now’s your opportunity.

Details

Property type

Single Family Residence

Est. home value

$1,457,755

Property condition

Updated/Remodeled

Lot size

1.09 acres

Price per sq ft

$335

Year built

1989

Monthly HOA fee

$240

Price History

07/03/2024
CRMLS

CRMLS #ND24044525

Price change
$1,249,500
-3.85%
05/18/2024
CRMLS

CRMLS #ND24044525

Listed
$1,299,500
05/04/2024
CRMLS

CRMLS #ND24044525

Pending
$1,299,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Fallbrook

Community features: 

Gated

High school district: 

Fallbrook Union

Number of units in community: 

23

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Terti Delfosse

Loan start date

September 2023

Original loan amount

$30,000

Est. remaining balance

Not provided

Interest rate

6.78%

Loan type

Building or Construction Loan, 1 year

Seller

Nicolai Martinez and Kimberley Martinez

Lender

Knapp Family Trust

Loan start date

June 2021

Original loan amount

$880,000

Est. remaining balance

Not provided

Interest rate

2.97%

Loan type

Seller take-back

Seller

Nicholai Martinez and Kimberley Martinez

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

CRMLS
$1,149,000
3 bd
|
2.5 ba
|
2,078 sq ft
|
House

47730 Powell Cir, Temecula, CA 92590

Price drop
CRMLS
$1,200,000
3 bd
|
1 ba
|
968 sq ft
|
House

1710 Kurtz St, Oceanside, CA 92054

CRMLS
$1,189,000
3 bd
|
3.5 ba
|
2,831 sq ft
|
House

4937 San Jacinto Cir E, Fallbrook, CA 92028

Status: Active

Tomo last checked: 07/03/2024 at 11:20 AM

Listing updated: 07/03/2024 at 11:07 AM

Listed by: Chris Hasvold, Coldwell Banker Village Properties Phone #: (760) 728-8000

MLS: CRMLS #ND24044525

CRMLS logo

Recently listed in Fallbrook

$2,150,000|5 bd|4.5 ba|House
$1,075,000|4 bd|3.5 ba|House
$849,000|4 bd|2.5 ba|House
$2,250,000|4 bd|3.5 ba|House
$1,345,000|5 bd|3.5 ba|House
$799,999|3 bd|2.0 ba|House
$949,999|4 bd|2.5 ba|House