NOT LISTED FOR SALE

1018 Malene Ln El Cajon, CA 92021

Bostonia Neighborhood

Estimated Value: $876,429 - $1,024,000

5 Beds
3 Baths
1,998 Sq Ft
$468/Sq Ft Est. Value

Last Sold May 03, 2019

Last sale price $515,000 $258 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $6,058/month

7 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • 1-Story Property

About This Home

As of May 2019

Income property. This one won't last long. Live in one, rent out the other. 1018 is a 3 bedroom 2 bath, vacant, newly painted with repairs made. 1020 is a 2 bedroom 1 bath, currently rented. Both attached homes have laundry hookups inside, separate fenced backyards, storage sheds that convey and a shared front yard that is landscaped recently with pavers and turf. There is street parking as well as parking in the rear of the lot. Wood and carpet/tile in both units. Roof and stucco are in good condition. Neighborhoods: Bostonia Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 1018 Unit # for Unit 2: 1020 Number of Furnished Units: 0

Last Agent to Sell the Property

Suzanne Coleman

LPT Realty, Inc. License #01747776 Listed on: 04/04/2019

LPT Realty, Inc.

Co-Listed By

Zandra Ulloa

Active Realty Inc License #01849548

Last Buyer's Agent

Kunal Mehta

Coldwell Banker Realty License #02001799

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,557

Year Built

  • Built in 1981

Lot Details

  • 7,449

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Electric Water Heater

Additional Features

  • 1-Story Property
  • Manual Sprinklers System

Community Details

  • 2 Units
  • Net Operating Income $15,350

Listing and Financial Details

  • Tenant pays for sewer, water, cable TV, electricity, gas
  • Assessor Parcel Number 4840125900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,557

Year Built

Built in 1981

Lot Details

0

Listing Details

  • CapRate: 5.20
  • Subdivision Name Other: El Cajon
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 4840125900
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Appliances: Electric Water Heater
  • Heating Type: Electric
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Features: Sprinklers Manual

Rental Info

  • Tenant Pays: Sewer, Water, Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 37200.00
  • Net Operating Income: 15350.00
  • Number Of Units Total: 2
  • Number With Range: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2021
Sold by
Qatan Hannah H
Bought by
Qatan Hannah H and Hannah H Qatan Living Trust
Current Estimated Value
$935,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 4, 2019
Closed on
Apr 16, 2019
Sold by
2002 Stone Family Living Trust
Bought by
Hannah H Qatan Living Trust
Seller's Agent
Suzanne Coleman
LPT Realty, Inc.
Buyer's Agent
Kunal Mehta
Coldwell Banker Realty
List Price
$499,000
Sold Price
$515,000
Premium/Discount to List
$16,000
3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.93%
Original Mortgage
$412,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2002
Sold by
Stone H Wade and Stone Karen D
Bought by
Stone H Wade and Stone Karen D

Purchase Details

Closed on
Oct 25, 1985
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Qatan Hannah H -- Accommodation
Qatan Hannah H -- Fidelity National Ttl Co Sd
Hannah H Qatan Living Trust $515,000 Ticor Title Co San Diego
Stone H Wade -- --
-- $98,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alhanoush Firas $715,000
Closed Alhanoush Firas $76,000
Closed Alhanoush Firas $570,000
Closed Qatan Hannah H $455,000
Closed Hannah H Qatan Living Trust $412,000
Previous Owner Stone $71,000
Previous Owner Stone $64,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2019 05/03/19 Sold $515,000 +3.2% $258 / Sq Ft
04/11/2019 04/11/19 Pending -- -- --
04/04/2019 04/04/19 For Sale $499,000 -- $250 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,557 $790,702 $260,067 $530,635
2024 $11,557 $775,199 $254,968 $520,231
2023 $11,218 $760,000 $249,969 $510,031
2022 $8,528 $541,354 $178,055 $363,299
2021 $8,405 $530,740 $174,564 $356,176
2020 $8,246 $525,299 $172,775 $352,524
2019 $4,853 $244,198 $80,319 $163,879
2018 $4,691 $239,411 $78,745 $160,666
2017 $4,551 $234,717 $77,201 $157,516
2016 $4,360 $230,116 $75,688 $154,428
2015 $4,331 $226,661 $74,552 $152,109
2014 $4,254 $222,222 $73,092 $149,130
Source: Public Records

Agents Affiliated with this Home

  • Suzanne Coleman

    Seller's Agent in 2019

    Suzanne Coleman

    LPT Realty, Inc.

    (619) 206-2784

    55 Total Sales

    Section Image

  • Z

    Seller Co-Listing Agent in 2019

    Zandra Ulloa

    Active Realty Inc

    Section Image

  • K

    Buyer's Agent in 2019

    Kunal Mehta

    Coldwell Banker Realty

  • M

    Buyer's Agent in 2019

    Melvina Salfani

    Century 21 Affiliated

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 190018047

California Regional Multiple Listing Service (CRMLS)

APN: 484-012-59

California San Diego County El Cajon 92021 Bostonia

1018 Malene Ln, El Cajon, CA

This home is located at 1018 Malene Ln, El Cajon, CA 92021 since 04 April 2019 and is currently estimated at $935,107, approximately $468 per square foot. This property was built in 1981. 1018 Malene Ln is a home located in San Diego County with nearby schools including Magnolia Elementary School, Greenfield Middle School, and El Cajon Valley High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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