NOT LISTED FOR SALE

2503 Glebe Rd Lemon Grove, CA 91945

Estimated Value: $796,048 - $902,000

4 Beds
2 Baths
1,500 Sq Ft
$555/Sq Ft Est. Value

Last Sold May 03, 2022

Last sale price $735,000 $490 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,260/month

7 Days on Market

Highlights

  • 1-Story Property
  • Partially Fenced Property
  • Wood Siding

About This Home

As of May 2022

Duplex! Live in one side! Rent the other! Both feature about 750 sq. ft. 2 bedrooms, living room. kitchen and one full bathroom. Very large fully fenced back yards with mature trees for plenty of shade! Laundry closets are located on each side. 2 car parking in front and street parking. One needs some TLC to include flooring, paint ext... One in rented to Great long team tenants whom would love to stay! Please Do NOT disturb tenants. Property is in a trust. Duplex! Live in one side! Rent the other! Both feature about 750 sq. ft. 2 bedrooms, living room. kitchen and one full bathroom. Very large fully fenced back yards with mature trees for plenty of shade! Laundry closets are located on each side. 2 car parking in front and street parking. One needs some TLC to include flooring, paint ext... One in rented to Great long team tenants whom would love to stay! Please Do NOT disturb tenants. Property is in a trust.

Last Agent to Sell the Property

Diana Chapman

RE/MAX Pacific License #01432238 Listed on: 04/06/2022

RE/MAX Pacific

Co-Listed By

Bobette Chapman

RE/MAX Pacific License #00953429

Last Buyer's Agent

Jim Aldredge

Joy Realty License #01331065

Property Details

Home Type

  • Multi-Family

Year Built

  • 1971

Lot Details

  • 6,657 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for cable TV, electricity, hot water
  • Assessor Parcel Number 479-384-15-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Net Operating Income $1,400

Property Details

Home Type

Multi-Family

Year Built

1971

Lot Details

6,657 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Market Area: East County
  • Cross Street: San Miguel
  • Neighborhood: Bond Terrace
  • Supplement: Duplex! Live in one side! Rent the other! Both feature about 750 sq. ft. 2 bedrooms, living room. kitchen and one full bathroom. Very large fully fenced back yards with mature trees for plenty of shade! Laundry closets are located on each side. 2 car parking in front and street parking. One needs some TLC to include flooring, paint ext... One in rented to Great long team tenants whom would love to stay! Please Do NOT disturb tenants. Property is in a trust.
  • Stories: 1 Story
  • Sale Price List Price: 1.11
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1971

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: LEMON GROVE
  • Manager Name: Diana Chapman
  • Manager Phone: 858-344-3358

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 479-384-15-00
  • Estimated Lot Sq Ft: 6657

Rental Info

  • Tenant Pays: Cable TV, Electricity, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 1400
  • Number Of Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2022
Closed on
Apr 19, 2022
Sold by
Severson Trust
Bought by
Ken & Jeremy King Revocable Living Trust
Seller's Agent
Diana Chapman
RE/MAX Pacific
Buyer's Agent
Jim Aldredge
Joy Realty
List Price
$660,000
Sold Price
$735,000
Premium/Discount to List
$75,000
11.36%
Current Estimated Value
$833,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,012
Avg. Annual Appreciation
3.28%
Original Mortgage
$551,250
Outstanding Balance
$514,630
Interest Rate
4.16%
Mortgage Type
Balloon
Estimated Equity
$318,382

Purchase Details

Closed on
Sep 16, 2010
Sold by
Severson Rodney G and Severson Kathleen
Bought by
Severson Rodney G and Severson Kathleen

Purchase Details

Closed on
Oct 28, 1993
Sold by
Severson Rodney G and Severson Kathleen
Bought by
Severson Rodney G and Severson Kathleen
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
Ken & Jeremy King Revocable Living Trust $735,000 Fidelity National Title
Severson Rodney G -- None Available
Severson Rodney G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ken & Jeremy King Revocable Living Trust $551,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2022 05/03/22 Sold $735,000 +11.4% $490 / Sq Ft
05/02/2022 05/02/22 Price Changed $660,000 -16.5% $440 / Sq Ft
04/15/2022 04/15/22 Price Changed $790,000 +19.7% $527 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $660,000 -- $440 / Sq Ft
Source: San Diego MLS

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 $10,533 $779,987 $504,073 $275,914
2024 $10,533 $764,694 $494,190 $270,504
2023 $10,271 $749,700 $484,500 $265,200
2022 $2,174 $66,997 $13,904 $53,093
2021 $2,162 $65,684 $13,632 $52,052
2020 $2,118 $65,012 $13,493 $51,519
2019 $2,071 $63,738 $13,229 $50,509
2018 $2,020 $62,489 $12,970 $49,519
2017 $1,975 $61,265 $12,716 $48,549
2016 $1,886 $60,065 $12,467 $47,598
2015 $1,881 $59,164 $12,280 $46,884
2014 $1,832 $58,006 $12,040 $45,966
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Diana Chapman

    RE/MAX

    (858) 344-3358

    1 in this area

    32 Total Sales

    Diana Chapman
    Section Image

  • B

    Seller Co-Listing Agent in 2022

    Bobette Chapman

    RE/MAX

    Section Image

  • J

    Buyer's Agent in 2022

    Jim Aldredge

    Joy Realty

    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 220007865

San Diego MLS

APN: 479-384-15

California San Diego County Lemon Grove 91945

2503 Glebe Rd, Lemon Grove, CA

Not Listed for Sale

MultiFamily

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