Carlsbad Mills Act Homes
Posted by Sam Smith on Monday, February 4th, 2019 at 3:56pm.
The Mills Act is a federally run program that offers huge discounts on property taxes for those who own historic homes. We have received several inquiries from clients who are looking for a home that is covered by the Mills Act in the city of Carlsbad. When looking on the Internet for properties you will often find two designations when it comes to the Mills Act. The first are properties that are "eligible" for the Mills Act but have not gone through the application process. Some clients don't want these kind of properties since the application process can take up to 9 months and there is no guarantee the property will be accepted. The second set of advertised properties are those that already have the Mills Act designation. This is a huge selling point since the application process has already been done and the property accepted into the program. This allows the new buyer to take over the property and continue with the Mills Act program. It's actually a pretty easy transfer to the new buyer with the Mills Act asking the buyer to submit new exterior photos of the property and sign an agreement that they will not do any major exterior renovation without going through them first.
The tax savings for being in the Mills Act can be HUGE. I've seen some properties where the annual tax should be $10,000 a year and the Mills Act rate is discounted to $2,000 a year. it's important to note that each property is different and will have different rates but the bottom line is that the savings can be significant. Taxes in California are always 1% of the purchase price plus and additional taxes that the city may charge. The biggest hurdle when looking in North San Diego county is that there is a limited number of historic properties that come on the market. Then finding a home within that limited number of properties that have the Mills Act makes it very difficult to find in the Oceanside & Carlsbad beach communities. We always recommend expanding the search as there are many Mills Act homes in the south San Diego county area like La Jolla and the Mission Hills area. There are also historic properties in Orange County that also have the Mills Act designation. For more information on this subject please contact our Carlsbad Real Estate agents at 760-710-0268.
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San Diego 2900 Nichols Street
HISTORIC LANDMARK BAYFRONT ESTATE...The Bowman-Cotton Residence c. 1929 by Master Architects, Richard Requa and Herbert Jackson.Offering the grace and elegance of a bygone era seamlessly updated to today's standards, this exquisite Bayfront Estate is notable for its Architectural Provenance and exceedingly Private Location on over a third of an acre with direct Beach/Bay frontage in coveted La Playa. Built with impeccable attention to detail and meticulous craftsmanship this incredibly specia...$11,900,000
Rancho Santa Fe 6126 Paseo Delicias
Designed by renowned Lilian Rice in 1926, this totally restored Spanish Colonial revival masterpiece is both elegant and charming. Beyond its historical allure, the home is enveloped in the Mills Act (offering a great reduction in yearly property taxes) and has been recently upgraded offering modern conveniences with potential use for commercial within the RSF Business zoning. Located on the quietest part of Paseo Delicias, yet within walking distance to the village's amenities, including sho...$4,550,000
San Diego 2251 San Juan Road
Indulge in luxury living with breathtaking panoramic vistas at this Mission Hills Masterpiece. Set against the backdrop of San Diego's iconic skyline, this historic 1935 Colonial Revival residence is a true gem nestled within the coveted neighborhood of North Mission Hills. Enjoy the benefits of the Historical Landmark designation - Mills Act #1059, offering substantial property tax savings while preserving its timeless charm. A meticulously renovated interior designed to the highest standar...$3,980,000
La Jolla 464 Prospect St 401
This expansive first level residence offers rare open garden views in 464 Prospect, La Jolla’s incomparable 24/7 concierge luxury community, offering amenities and comforts galore in the heart of La Jolla’s “Village” neighborhood within steps to waterfront parks and beaches, the San Diego Museum of Modern Art, fine restaurants and shops. Designed on one level with sleek neutral architectural materials ready for your personal style selections and offering rare Mills Act historical tax breaks, ...$3,480,000
Coronado Village 1021 E Ave
Nestled in the heart of Coronado's prestigious "golden triangle", 1021 E Ave offers a rare opportunity to own a piece of history while enjoying the ultimate island lifestyle. Recently approved for the Mills Act, this property comes with the added benefit of lower property taxes, making it an even more attractive home and investment. Just one block from the beach and a short walk to the iconic Hotel del Coronado, this charming Victorian home is perfectly situated to unlock the best of Coronado...$3,350,000
Chula Vista 415 Hilltop Dr
CHANCE OF A LIFETIME - THIS RARE FRENCH QUARTER RESIDENCE - LOVINGLY RESTORED - WOW - SIMPLY GORGEOUS - REAL PRIDE OF OWNERSHIP - PAID SOLAR - CLASSIC PEPPERTREE AREA - ONE-OF-A KIND HISTORICALLY DESIGNATED TREASURE - PLUS MILLS ACT APPROVED - GATED - HUGE FLAT USABLE OVER HALF ACRE .58 ACRE OR 25,264 SQ FT - HUGE BEDROOMS ALL WITH BATHS EN-SUITE - THOUSANDS OF DOLLARS IN UPGRADES - BEAUTIFUL LANDSCAPING - SOME AREAS FEATURE ARTIFICIAL TURF - SOLAR ON POOL - 2 SETS OF GARAGES - 2 CAR GARAGE I...$2,499,900
Mission Hills 4204 Saint James Pl
Step into San Diego's past with Barton Manor, an elegant English Tudor Revival home designed by Ralph E. Hurlburt and built by Charles H. Tifal in 1925. Located in the desirable North Mission Hills neighborhood, this historic property has maintained its classic charm with only 3 families as past residents. Maybe The exterior features steep pitched roofs, original leaded glass windows, and a distinctive dome-shaped window with a Saint George crest. Faux stone details and ornate brick chimneys...$2,499,888
Mission Hills 1977 Titus St
This breathtaking Mission Hills home offers stunning unobstructed views of San Diego Bay that simply take your breath away. An expansive custom-made picture window in the main living area frames the water and bay views and allows an abundance of natural light. Beautiful hardwood and tile floors with custom built-in cabinetry provide luxurious touches, while modern upgrades and meticulous care ensure a move-in ready experience. The spacious balconies are perfect for taking in the gorgeous ...$2,390,000
Point Loma 2775 Chatsworth Blvd
Elegant Historical Classic w/ Mills Act tax advantage, located in the heart of Point Loma! Main structure consists of 3+1 optional bedrooms with 2.5 baths upstairs and 1 bedroom with 1.5 baths downstairs. Second structure is a detached 1bed / 1bath guest house. Est. 690 Sq Ft. Situated on a spacious 11,690 sf corner lot with a variety of old growth specimens. In addition you will be delighted by the spacious basement area with a large vintage secure/safe room. See supplement below.$2,000,000
San Diego 4679 Vista Street
Cosmetic Fixer… w/ Huge property tax savings with the Mills Act! (Taxes are $3,940 per year!) Built in 1911, this 2212 square foot Historic home showcases timeless craftsmanship and retains its original charm. Additionally, there is a separate granny flat (rented @$1700 per month). This property is livable as is…and offers both spacious living quarters and the additional rental income. With internal updates (kitchen/ bathrooms and a bit of reconfiguring) as well as pulling up cement and creat...$1,799,000
Point Loma 4475 Saratoga Ave
*Vintage 1938 Spanish Colonial Revival Of The 20th Century*Historical Designation /Mills Act Candidate $400,000 Of Value @ A 5% Cap Rate*Sit Down Ocean Views From Living Room, Breakfast Nook, And Front Yard*Six Blocks To The Ocean / Beach*7,000 ( 45X138) Sq Ft Flat Level Usable Lot With Alley Access*2BR/1.5BA (1,130 Sq Ft) + Detached 156 Sq Ft (10X16) Casita With Peek A Boo Ocean Views*Mission Half Barrel Roof*4 Arched Ceiling Beams Supported By Ornamental Corbels*Crystal Door Knobs*Inset Po...$1,780,000
San Diego 666 Upas Street 1204
Overlooking the Pacific Ocean, Bankers Hill, Downtown, Balboa Park and the mountains in the East, Del Prado is a historic Mills Act building (with an accompanied historic property tax break benefit) and one of the most iconic properties in San Diego. This condo features floor to ceiling windows throughout the two bedroom and two bathroom unit. Custom herringbone, Carrara and nero marquina marble floors are found from the moment you cross the threshold. Boasting a custom built walk in closet ...$1,396,000
San Diego 666 Upas Street 704
Del Prado—designed by famed architect William Krisel, this mid-century modern historic landmark is perfectly positioned overlooking the north end of world famous Balboa Park! With every attention to detail, this residence has been beautifully and thoughtfully refined. Floor-to-ceiling windows favor the beautiful views of the park while providing a seamless connection with nature! Italian tile flooring, euro-styled custom kitchen with stainless appliances, ultra custom spa inspired baths, remo...$1,375,000
University Heights 4726 Panorama Dr
Offered for the first time EVER, the Andrusson Residence c.1966 designed by iconic San Diego modernist, Homer Delawie, FAIA! The award-winning "Custom Compact" is a Classic Post, Beam & Glass Home suspended above its steep hillside site, demonstrating efficient residential design. Impeccably preserved in its original condition, this Multi-Published mid-century home presents a privileged opportunity for the most discerning of architectural purists! Floor to Ceiling Glass & Wood Beam Ceilings i...$999,000
University Heights 2112 Adams Avenue
Mosey through the heart of San Diego’s iconic University Heights neighborhood to find this desirably located and charming Spanish bungalow with Mills Act Agreement in place! Situated in the Valle Vista Terrace Historical District and across the street from Trolley Barn Park, this whimsical cottage features original character and charm throughout. Period details include stained-glass windows, coved ceilings, crown molding, hardwood floors, and built-in cabinetry. Abundant natural light crea...$964,500
Downtown 500 W Harbor Dr 1606
Situated in CityFront Terrace’s 1921 historic Soap Factory; residence 1606 boasts an eastern exposure with 10ft ceilings, exposed brick, rustic wood beams, open kitchen layout, stainless steel appliances, gas cooktop, granite counter tops, cherry wood floors, gas fireplace, ample storage space, designer lighting, walk-in closet, dual vanity sinks, glass enclosed shower & oversized steel framed windows showcasing a phenomenal tree lined view of the city. ***Possibility of Mills Act Qualificati...$779,900
Downtown 702 Ash St 102
MILLS ACT. Save on property taxes and experience unparalleled living in this 2-story loft at the iconic El Cortez. This exceptional unit offers an exclusive lifestyle, featuring a serene private patio, a spacious walk-in pantry for ample storage, and a convenient full bath downstairs. The tranquility is unmatched with no neighbors above, ensuring a peaceful environment. Ascend to the upstairs loft bedroom, revealing a flexible living space complete with an additional nook or den, perfect fo...$648,000
San Diego 702 Ash St 304
Welcome to the historic El Cortez building, where timeless charm meets modern luxury! This spacious residence located on the 3rd floor offers a unique blend of comfort and convenience in the heart of downtown. As you step into this secure building, you'll be captivated by the historic ambiance that surrounds you. The location boasts world-class dining, shopping, and nightlife. Convenient in unit washer/dryer. The modern updated kitchen is a chef's dream, featuring pristine white cabinetry an...$599,900
San Diego 2439 G St
There is SO Much untapped Potential! The property will only be sold with adjacent parcel 2435 G St, APN#535-251-17-00, listed at $1,689,000, MLS# 240006527. This adorable Cottage is located in the heart of the Sherman Heights Historic District, with the possibility of applying for the Mills Act... The interior main living/sleeping area showcases the original hardwood floors and an updated, fully functional kitchen and bath. You can enjoy easy access off the alley to your gated driveway shared...$510,000
Downtown 702 Ash St 201
Welcome to the Opportunity to Own in historic El Cortez. Unique access to terrace. Mills Act approved, significantly reducing taxes. This beautiful one bedroom, one bath unit features hardwood flooring throughout, and custom bathroom and kitchen tile flooring, updated kitchen, granite countertops & SS appliances and beautiful cabinetry. Unique aspect is units’ access onto the large, common area terrace for relaxation, where you can enjoy BBQ’s and spectacular views of downtown. Large, his...$505,000
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Listing information last updated on April 23rd, 2024 at 6:46pm PDT.