NOT LISTED FOR SALE

2054 E Madison Ave El Cajon, CA 92019

Granite Hills Neighborhood

Estimated Value: $1,287,000 - $1,973,000

7 Beds
3 Baths
3,953 Sq Ft
$389/Sq Ft Est. Value

Last Sold December 09, 2021

Last sale price $1,196,000 $303 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $8,967/month

242 Days on Market

Highlights

  • RV Access or Parking
  • Level Lot
  • Wood Siding
  • Mountain View

About This Home

As of December 2021

#1) property includes 3121sqft, 4br/2ba main house on 2.04 acres APN #508-240-09. Main house also has an unpermitted 2br/1ba rental originally permitted as workshop. #2) property also includes 832sqft 3br/1ba on 1.62 acres APN #508-240-11. For a total of 3.62acres with two permitted house plus 1 unpermitted residence in the Shadow Mountain area near Shadow Mountain Community Church and Camelot Parkway. Great potential for a lot split to create some additional building sites, and fix up and resale existing homes. Both homes are tenant occupied; current rent is $3,000 & $1,500. Access to interiors with written offer received; conditional upon buyers approval of interior.

Last Agent to Sell the Property

Todd Mitchel

Glenn D Mitchel, REALTORS License #00856461 Listed on: 03/01/2021

Last Buyer's Agent

Maryann Simas

Coldwell Banker-Cupertino-Stevens Creek License #01744278

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 2.04

Parking

  • RV Access or Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Schools

  • Cajon Valley Union School District Elementary School
  • Grossmont Union High School District

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Water Meter
  • Septic System
  • Cable TV Available

Additional Features

  • Mountain Views
  • Level Lot

Listing and Financial Details

  • Assessor Parcel Number 508-240-09

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $44,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Camelot Parkway
  • Neighborhood: Shadow Mountain
  • Miscellaneous: Horse Allowed
  • Sale Price List Price: 0.94
  • Year Built: 1950
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 6
  • Prkng Non Garage Spac U2: 6
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Roof: Composition
  • View: Mountains/Hills

Garage/Parking

  • Parking for RV: On-Site Parking

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Septic Installed
  • Water: Meter on Property
  • Telecommunications: Cable (coaxial)

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: EL CAJON

Schools

  • School District URL: http://www.guhsd.net/
  • Elementary School: Cajon Valley Union School District
  • Elementary School Website: http://www.cajonvalley.net/
  • High School: Grossmont Union High School District

Lot Info

  • Lot Size: 2+ to 4 AC
  • Site: Public Street, Rear Yd Str Access, Street Paved
  • Topography: Level, Slope Gentle
  • Water District: HELIX WATER DISTRICT
  • Additional Property Use: ORMKS
  • Assessor Parcel Number: 508-240-09
  • Land Use Code: Res
  • Water District URL: http://www.hwd.com
  • Map Code Column: D
  • Map Code Page: 1252
  • Map Code Row: 4

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 44000
  • Gross Rent Multiplier Actual: 24.07
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2024
Sold by
Carreon Evodio Garcia and Garcia Maria N
Bought by
Garcia Trust and Carreon
Current Estimated Value
$1,535,926

Purchase Details

Listed on
Mar 1, 2021
Closed on
Nov 5, 2021
Sold by
Lewton Tammy Lynn
Bought by
Lewton John Edward
Seller's Agent
Todd Mitchel
Glenn D Mitchel, REALTORS
Buyer's Agent
Maryann Simas
Coldwell Banker-Cupertino-Stevens Creek
List Price
$1,280,000
Sold Price
$1,196,000
Premium/Discount to List
-$84,000
-6.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%
Original Mortgage
$600,000
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 1, 2021
Closed on
Nov 4, 2021
Sold by
Lewton John Edward and Singer Edith Louise
Bought by
Carreon Evodio Garcia and Garcia Maria N
Seller's Agent
Todd Mitchel
Glenn D Mitchel, REALTORS
Buyer's Agent
Maryann Simas
Coldwell Banker-Cupertino-Stevens Creek
List Price
$1,280,000
Sold Price
$1,196,000
Premium/Discount to List
-$84,000
-6.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2019
Sold by
Erickson Mary Elizabeth
Bought by
Lewton John Edward and Singer Edith Louise

Purchase Details

Closed on
May 1, 1995
Sold by
Lewton Elizabeth Frances and Lewton R
Bought by
Lewton R N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garcia Trust -- None Listed On Document
Lewton John Edward -- Wfg National Title Co Of Ca
Singer Edith Louise -- Wfg National Title Co Of Ca
Carreon Evodio Garcia $1,196,000 Wfg Title Co Of Ca San Diego
Lewton John Edward -- None Available
Lewton R N -- World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carreon Evodio Garcia $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2021 12/09/21 Sold $1,196,000 -6.2% $303 / Sq Ft
10/30/2021 10/30/21 Pending -- -- --
10/27/2021 10/27/21 Price Changed $1,275,000 -0.2% $323 / Sq Ft
10/21/2021 10/21/21 Price Changed $1,277,500 -0.2% $323 / Sq Ft
10/04/2021 10/04/21 For Sale $1,280,000 0.0% $324 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
03/17/2021 03/17/21 Price Changed $1,280,000 -1.5% $324 / Sq Ft
03/01/2021 03/01/21 For Sale $1,300,000 -- $329 / Sq Ft
Source: San Diego MLS

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 $11,317 $955,086 $477,543 $477,543
2024 $11,317 $936,360 $468,180 $468,180
2023 $11,025 $918,000 $459,000 $459,000
2022 $10,854 $900,000 $450,000 $450,000
2021 $2,127 $171,108 $42,583 $128,525
2020 $2,107 $169,355 $42,147 $127,208
2019 $2,085 $166,035 $41,321 $124,714
2018 $2,052 $162,780 $40,511 $122,269
2017 $2,026 $159,589 $39,717 $119,872
2016 $1,946 $156,461 $38,939 $117,522
2015 $1,929 $154,112 $38,355 $115,757
2014 $1,893 $151,094 $37,604 $113,490
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Todd Mitchel

    Glenn D Mitchel, REALTORS

    Section Image

  • M

    Buyer's Agent in 2021

    Maryann Simas

    Coldwell Banker-Cupertino-Stevens Creek

  • M

    Buyer's Agent in 2021

    Maria Fischer

    JC Realty, Inc.

    (760) 805-5322

    1 in this area

    11 Total Sales

    Maria Fischer
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210005300

San Diego MLS

APN: 508-240-09

California San Diego County El Cajon 92019 Granite Hills

2054 E Madison Ave, El Cajon, CA

Not Listed for Sale

MultiFamily

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