NOT LISTED FOR SALE

505 E Madison Ave Unit 77 El Cajon, CA 92020

Estimated Value: $380,000 - $425,000

2 Beds
1.5 Baths
925 Sq Ft
$450/mo HOA Fee

Last Sold March 26, 2024

Last sale price $390,000 $422 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,934/month

27 Days on Market

Highlights

  • Community Pool
  • Laundry Room
  • Gravity Heating System
  • 1 Car Detached Garage
  • Level Lot
  • 4-minute walk to El Cajon City Park

About This Home

As of March 2024

Welcome to this well designed two bedroom 1.5 bath condo, in a gated community. This floor plan is spacious and features two large bedrooms, both with walk in closets. Nice kitchen with granite counter tops. The condo comes with one assigned covered parking spot. The complex has two large swimming pools, exercise room, laundry facility, and much more.

Last Agent to Sell the Property

Gino Salvaggio

Lifestyles Realty Group, Inc dba SDHOMES License #01328931 Listed on: 02/12/2024

Last Buyer's Agent

Amanda Mitts

Real Broker License #01879135

Real Broker

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1987

Lot Details

  • 3.75

HOA Fees

  • $450 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 925 Sq Ft Home
  • 2-Story Property
  • Stove
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 1 Car Detached Garage
  • Carport

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 483-310-18-30

Community Details

Overview

  • Association fees include common area maintenance, exterior bldg maintenance, gated community, sewer, trash pickup
  • 4 Units
  • Helm Property Managment Association, Phone Number (619) 589-6222
  • Madison Community

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1987

Lot Details

0

HOA Fees

$450 per month

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Attached
  • Residential Styles: All Other Attached
  • Market Area: East County
  • Cross Street: Avocado
  • Neighborhood: El Cajon
  • LP / Sq Ft: 431.35
  • Price Per Sq Ft: 421.62
  • SP/ Sq Ft: 421.62
  • Stories: 2 Story
  • Stories In Building: 2
  • Ownership: Condominium
  • Total Stories: 2
  • Year Built: 1987
  • A D U Yes No: No
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Equipment Available: Gas Stove
  • Total Bedrooms: 2
  • Bedrooms: 2
  • Master Bedroom Dimensions: 13x11
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 925
  • Total Bathrooms: 2

Exterior Features

  • Exterior Material: Stucco
  • Pool: Community/Common
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Garage Details: Detached
  • Non Garage Parking: Carport
  • Parking Spaces Total: 1

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Wall/Gravity
  • Heating Fuel: Electric

Condo/Co-op/Association

  • Complex Name: Madison
  • Units In Building: 4
  • Total Number of Units: 110
  • Community: EL CAJON
  • Home Owner Association: HELM Property Managment
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior Bldg Maintenance, Gated Community, Sewer, Trash Pickup
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 450.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 619-589-6222

Association/Amenities

  • Entry Level Unit: 2

Lot Info

  • Lot Size: 0 (Common Interest)
  • Topography: Level
  • Assessor Parcel Number: 483-310-18-30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2024
Closed on
Mar 18, 2024
Sold by
Murphy Lindsay N and Murphy Gary E
Bought by
Koehne David Alan
Seller's Agent
Gino Salvaggio
Lifestyles Realty Group, Inc dba SDHOMES
Buyer's Agent
Amanda Mitts
Real Broker
List Price
$399,000
Sold Price
$390,000
Premium/Discount to List
-$9,000
-2.26%
Views
150
Current Estimated Value
$411,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,372
Avg. Annual Appreciation
3.06%

Purchase Details

Closed on
Dec 12, 2020
Sold by
Murphy Jason Louis
Bought by
Murphy Lindsay N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
2.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2020
Sold by
Carson Gary E and Carson Linda L
Bought by
Carson Gary E and Carson Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
2.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2019
Sold by
Carson Linda and Carson Garry
Bought by
Carson Gary E and Carson Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2004
Sold by
Pacifica Villa Royale Llc
Bought by
Carson Lindsay and Carson Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,320
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Koehne David Alan $390,000 Wfg National Title Company
Murphy Lindsay N -- Lawyers Title Company
Carson Gary E -- Lawyers Title
Carson Gary E -- Wfg Title Co Of Ca San Diego
Carson Lindsay $238,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murphy Lindsay N $168,000
Previous Owner Carson Gary E $165,000
Previous Owner Carson Lindsay $190,320
Closed Carson Lindsay $23,790
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2024 03/26/24 Sold $390,000 -2.3% $422 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
02/12/2024 02/12/24 For Sale $399,000 -- $431 / 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 $3,950 $397,799 $230,587 $167,212
2024 $3,950 $325,081 $188,435 $136,646
2023 $3,848 $318,708 $184,741 $133,967
2022 $3,788 $312,460 $181,119 $131,341
2021 $3,298 $270,000 $152,000 $118,000
2020 $3,055 $250,000 $141,000 $109,000
2019 $2,870 $240,000 $136,000 $104,000
2018 $2,696 $225,000 $128,000 $97,000
2017 $30 $200,000 $114,000 $86,000
2016 $2,237 $190,000 $109,000 $81,000
2015 $1,895 $160,000 $92,000 $68,000
2014 $1,531 $130,000 $75,000 $55,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240003112

San Diego MLS

APN: 483-310-18-30