1516 Farrell Dr
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Ocotillo Elementary School
Carlsbad Intermediate School
Carlsbad High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
Analyzing property data...
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-20 | Sold | $0 | – |
| 2026-03-06 | Pending sale | $460,000 | $172 |
| 2026-02-26 | Listed for sale | $460,000 | $172 |
| 2025-06-02 | Sold | $0 | – |
| 2025-05-05 | Pending sale | $415,000 | $155 |
| 2025-04-22 | Price change | $415,000 | $155 |
| 2025-04-02 | Listed for sale | $419,900 | $157 |
| 2018-05-07 | Sold | $0 | – |
| 2018-03-26 | Listed for sale | $356,000 | $133 |
| 2015-10-05 | Sold | $0 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,866.18 | $157,283 |
| 2024 | $3,796.78 | $152,702 |
| 2023 | $3,781 | $151,367 |
| 2022 | $3,626.36 | $146,958 |
| 2021 | $3,506.6 | $142,678 |
| 2020 | $1,722.73 | $138,522 |
| 2019 | $3,416.14 | $134,488 |
| 2018 | $3,019.4 | $119,419 |
| 2017 | $3,019.4 | $116,709 |
| 2015 | $2,722.14 | $0 |
| 2014 | $2,468.73 | $0 |
| 2013 | $1,761.52 | $0 |
| 2012 | $1,774.91 | $0 |
| 2011 | $1,739.86 | $0 |
| 2010 | $1,719.23 | $0 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $21,127/yr
On $105,800 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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