NOT LISTED FOR SALE

505 E Madison Ave Unit 85 El Cajon, CA 92020

Estimated Value: $394,000 - $488,000

2 Beds
1.5 Baths
925 Sq Ft
$422/mo HOA Fee

Last Sold August 30, 2023

Last sale price $400,000 $432 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,127/month

6 Days on Market

Highlights

  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Community Pool
  • Living Room
  • 4-minute walk to El Cajon City Park

About This Home

As of August 2023

Welcome home to your beautifully updated condo in a gated community in the heart of El Cajon. The interior features a newer kitchen with stainless steel appliances, perfect for preparing delicious meals. Unwind in the spacious living room, where you can relax and enjoy your favorite shows. The two bedrooms offer ample space, complete with walk-in closets, ensuring plenty of storage for your belongings. With one and a half bathrooms, this condo combines comfort and style effortlessly. Take advantage of the community amenities, including a gym, two pools, a spa, and a fenced-in dog area, providing relaxation and convenience at your fingertips. This favorable location grants easy access to shopping, dining, and entertainment options. Don't miss out—schedule a viewing today and make this exquisite condo your new home.

Last Agent to Sell the Property

Amber Welch

Los Angeles Times License #02052998 Listed on: 05/18/2023

Los Angeles Times

Co-Listed By

Natasha Fattaleh

eXp Realty of California, Inc. License #01967323

Last Buyer's Agent

Fadi Matti

Big Block Realty, Inc License #01940442

Big Block Realty, Inc

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1987

HOA Fees

  • $422 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 925 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 1 Parking Space
  • 1 Carport Space

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Additional Features

  • Two or More Common Walls
  • Suburban Location

Listing and Financial Details

  • Tax Tract Number 3003
  • Assessor Parcel Number 4833101838

Community Details

Overview

  • 28 Units
  • The Helm Management Company Association, Phone Number (619) 589-6222

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1987

Lot Details

0

HOA Fees

$422 per month

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: Zoning Code R-1:Single Fam-Res
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 4833101838
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 925.00
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 432.43
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: No
  • Pool Features: Community
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 1.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Phone Extension: 110
  • Association Fee: 422.00
  • Association Fee Frequency: Monthly
  • Association Name: The Helm Management Company
  • Phone: (619) 589-6222
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1.00

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1.0000 Square Feet
  • Number Of Units In Community: 28

Tax Info

  • Tax Tract Number: 03003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2022
Sold by
Swenn Jami and Jami Skakie Revocable Living T
Bought by
Swenn Jami
Current Estimated Value
$439,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Outstanding Balance
$107,086
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$331,989

Purchase Details

Closed on
Sep 19, 2019
Sold by
Swenn Jami
Bought by
Swenn Jami

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2018
Sold by
Skakie Jami
Bought by
Skakie Jami

Purchase Details

Closed on
May 30, 2009
Sold by
Barbusca Family Trust
Bought by
Skakie Jami

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,333
Interest Rate
5.3%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 12, 2007
Sold by
Wiemer Danielle M
Bought by
Barbusca Michael A and Barbusca Kristy R

Purchase Details

Closed on
May 11, 2005
Sold by
Pac Home Financial Lp
Bought by
Wiemer Danielle M and Barbusca Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,720
Interest Rate
5.62%
Mortgage Type
Credit Line Revolving
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
Swenn Jami -- Ticor Ttl Co Of Ca Sd Branch
Swenn Jami -- Ticor Title Company Of Ca
Swenn Jami -- Amrock Inc
Swenn Jami -- Amrock Inc
Skakie Jami -- None Available
Skakie Jami $92,000 Corinthian Title Company
Barbusca Michael A -- None Available
Wiemer Danielle M $256,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swenn Jami $125,000
Closed Swenn Jami $100,000
Previous Owner Skakie Jami $90,333
Previous Owner Wiemer Danielle M $204,720
Closed Wiemer Danielle M $51,180
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2023 08/30/23 Sold $400,000 +9.6% $432 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $365,000 -- $395 / 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 $4,851 $407,999 $88,680 $319,319
2024 $4,851 $400,000 $86,942 $313,058
2023 $1,404 $114,131 $24,807 $89,324
2022 $1,382 $111,894 $24,321 $87,573
2021 $1,364 $109,701 $23,845 $85,856
2020 $1,349 $108,577 $23,601 $84,976
2019 $1,333 $106,449 $23,139 $83,310
2018 $1,311 $104,363 $22,686 $81,677
2017 $30 $102,318 $22,242 $80,076
2016 $1,243 $100,312 $21,806 $78,506
2015 $1,237 $98,806 $21,479 $77,327
2014 $1,214 $96,872 $21,059 $75,813
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Amber Welch

    Los Angeles Times

    Section Image
  • Natasha Fattaleh

    Seller Co-Listing Agent in 2023

    Natasha Fattaleh

    eXp Realty of California, Inc.

    (619) 436-9950

    26 Total Sales

    Natasha Fattaleh
    Section Image
  • Fadi Matti

    Buyer's Agent in 2023

    Fadi Matti

    Big Block Realty, Inc

    (619) 212-9752

    66 Total Sales

    Fadi Matti
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2302317

California Regional Multiple Listing Service (CRMLS)

APN: 483-310-18-38

California San Diego County El Cajon 92020

505 E Madison Ave Unit 85, El Cajon, CA

Not Listed for Sale

Condos

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