NOT LISTED FOR SALE

1859 Pepper Valley Ln El Cajon, CA 92021

Estimated Value: $868,302 - $1,050,000

5 Beds
4 Baths
2,100 Sq Ft
$474/Sq Ft Est. Value

Last Sold December 30, 2014

Last sale price $498,500 $237 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $5,900/month

10 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Santana High School Rated A-
  • 1-Story Property

About This Home

As of December 2014

Beautiful, spacious Duplex for sale, two homes on one large 9,100 sq. ft. lot situated in a quiet cul-de-sac. These homes are turn-key ready to move in condition! Each home has a separate landscaped garden and yard. This is perfect either for a large extended family or for investors seeking great rental income. Live in one home and rent out the other. Short walk to private preschool and public elementary schools. IMPROVEMENTS (See attached Document!): • Roofs inspected and southern areas and two patios replaced with new 10 year transferrable warranty. All roofing looks brand new and good for years of service. • New curved concrete sidewalks installed • New patio and RV concrete areas • Automatic electronic water-saving sprinkler systems installed throughout all yards. • French drains installed throughout property for both homes • Love seat area created in backyard • Backyard wired for Jacuzzi/spa • Low voltage Malibu electronically timed outdoor lighting system installed throughout both homes. • Insulated roll up garage doors with decorative windows and electric openers installed for both homes • Privacy fences installed throughout property • All water cutout valves replaced with stainless steel Teflon ball valves • Home exterior repainted. FRONT HOME: 2 Bedrooms and 2 baths with 1 Car Garage • Newer Pergo wood flooring throughout home • Newer tile in master and guest bathrooms • Master Bedroom has private full bathroom • Central AC and heating with money saving programmable thermostat • Separate Laundry hook-ups • New water heater replaced in 2014 BACK HOME: 3 Bedrooms and 2 baths with 2 Car Garage and 2 RV parking spots • 2 Car garage has 240 volt hook-ups for shop equipment. • 2 additional RV Parking areas with power hook-ups for 30 amp service and motion sensing security lighting. • ADDITIONAL INCENTIVE: 10’ x 10’ Tuff Shed: Roofed, home matching paint, carpeted, 2 windows and wide opening door for Gym, workshop, storage, ATV’s • Freshly painted ...

Last Agent to Sell the Property

David Hernandez

Movement Mortagage License #01203453 Listed on: 12/02/2014

Last Buyer's Agent

Carolyn Hutchins

Coldwell Banker West License #00940234

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,269

Year Built

  • Built in 1979

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 60 x 130
  • Sprinkler System

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for trash collection, water, cable TV, electricity, gas
  • Assessor Parcel Number 3882606700

Community Details

Overview

  • 2 Units
  • N/K

Building Details

  • Net Operating Income $18,723

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,269

Year Built

Built in 1979

Lot Details

0

Listing Details

  • CapRate: 6.70
  • Park Name: N/K
  • Subdivision Name Other: El Cajon
  • Zoning: RV15
  • Property Type: Residential Income
  • Parcel Number: 3882606700
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Composition

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Forced Air
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size: 60 x 130
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: Trash Collection, Water, Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 34800.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 18723.00
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2014
Closed on
Dec 19, 2014
Sold by
Hernandez David A
Bought by
Hutchins Carolyn A
Seller's Agent
David Hernandez
Movement Mortagage
Buyer's Agent
Carolyn Hutchins
Coldwell Banker West
List Price
$498,500
Sold Price
$498,500
Current Estimated Value
$995,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$497,076
Avg. Annual Appreciation
6.59%

Purchase Details

Closed on
Jun 22, 2012
Sold by
Hernandez David A
Bought by
Hernandez David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2005
Sold by
Hernandez David A
Bought by
Hernandez David A

Purchase Details

Closed on
Nov 14, 2002
Sold by
Hernandez David A and Hernandez David
Bought by
Hernandez David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
5.89%

Purchase Details

Closed on
Oct 22, 2001
Sold by
Hernandez Linda Christine
Bought by
Hernandez David

Purchase Details

Closed on
Jan 16, 2001
Sold by
Hernandez Linda Christine
Bought by
Hernandez David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,700
Interest Rate
7.08%

Purchase Details

Closed on
Dec 21, 2000
Sold by
Motter Family Trust 10-31-96
Bought by
Hernandez David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,700
Interest Rate
7.08%

Purchase Details

Closed on
Oct 31, 1996
Sold by
Motter Eugene R and Motter Beatrice J
Bought by
Motter Eugene R and Motter Beatrice Joyce
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
Hutchins Carolyn A -- None Available
Hutchins Carolyn $500,000 Lawyers Title
Hernandez David A -- Chicago Title Company
Hernandez David A -- --
Hernandez David A -- Southland Title
Hernandez David -- --
Hernandez David -- American Title Co
Hernandez David $246,000 American Title Co
Motter Eugene R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez David A $246,000
Previous Owner Hernandez David A $246,000
Previous Owner Hernandez David $233,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2014 12/30/14 Sold $498,500 0.0% $237 / Sq Ft
12/12/2014 12/12/14 Pending -- -- --
12/02/2014 12/02/14 For Sale $498,500 -- $237 / 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 $8,269 $600,916 $193,315 $407,601
2024 $8,269 $589,134 $189,525 $399,609
2023 $8,028 $577,583 $185,809 $391,774
2022 $7,862 $566,259 $182,166 $384,093
2021 $7,772 $555,157 $178,595 $376,562
2020 $7,635 $549,465 $176,764 $372,701
2019 $7,534 $538,693 $173,299 $365,394
2018 $7,344 $528,131 $169,901 $358,230
2017 $7,187 $517,776 $166,570 $351,206
2016 $6,882 $507,624 $163,304 $344,320
2015 $6,835 $500,000 $160,852 $339,148
2014 $4,433 $302,374 $97,275 $205,099
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 140063784

California Regional Multiple Listing Service (CRMLS)

APN: 388-260-67