NOT LISTED FOR SALE

505 E Madison Ave El Cajon, CA 92020

Estimated Value: $416,000 - $457,000

3 Beds
2 Baths
925 Sq Ft
$385/mo HOA Fee

Last Sold October 13, 2023

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

Est. 10% increase in value since last sale

Current estimated payment $3,013/month

Highlights

  • Neighborhood Views
  • Walk-In Closet
  • Central Air
  • Community Pool
  • Laundry Room
  • 4-minute walk to El Cajon City Park

About This Home

As of October 2023

Sold Off Market

Last Agent to Sell the Property

Mike Aqrawi

San Diego Homes Realty License #01930877 Listed on: 10/14/2023

Last Buyer's Agent

Mike Aqrawi

San Diego Homes Realty License #01930877 Listed on: 10/14/2023

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1987

Lot Details

  • 1 Common Wall

HOA Fees

  • $385 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 925 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Neighborhood Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • 1 Open Parking Space
  • 1 Parking Space

Utilities

  • Central Air
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 4833101823

Community Details

Overview

  • 45 Units
  • Helim Management Association, Phone Number (619) 589-6222

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1987

Lot Details

0

HOA Fees

$385 per month

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 4833101823
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 925.00 Square Feet
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 421.62
  • Room Type: Walk-In Closet

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Hot Water
  • Association Fee: 385.00
  • Association Fee Frequency: Monthly
  • Association Name: Helim Management
  • Phone: 619-589-6222
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2023
Closed on
Aug 16, 2023
Sold by
Alnaimy Ali
Bought by
Adam Steve and Adam Renee
Seller's Agent
Mike Aqrawi
San Diego Homes Realty
Buyer's Agent
Mike Aqrawi
San Diego Homes Realty
List Price
$399,999
Sold Price
$390,000
Premium/Discount to List
-$9,999
-2.5%
Current Estimated Value
$429,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,645
Avg. Annual Appreciation
4.34%
Original Mortgage
$240,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2021
Sold by
Babawy Mirna and Jazrawy Siham Ai
Bought by
Alnaimy Ali

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2019
Sold by
Babawy Khedher
Bought by
Jazrawy Siham Al

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2019
Sold by
Jacob Munir Yusuf Allahwerdi
Bought by
Babawy Mirna and Jazrawy Siham Al

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2018
Sold by
Jacob Munir Y
Bought by
Jacob Munir Yusuf Allahwerdi

Purchase Details

Closed on
Jun 27, 2016
Sold by
San Diego Quality Properties Llc
Bought by
Jacob Munir Y

Purchase Details

Closed on
Sep 5, 2008
Sold by
Bachar Menache and Abu Yaakov
Bought by
San Diego Quality Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2008
Sold by
Abu Vivian Nguyen
Bought by
Abu Yaakov

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 2008
Sold by
Wells Fargo Bank Na
Bought by
Bachar Menache and Abu Yaakov

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2008
Sold by
Vanzandt Tammie
Bought by
Wells Fargo Bank Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 2006
Sold by
Vanzandt Tammie
Bought by
Vanzandt Tammie and Castor Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2006
Sold by
Castor Veronica and Vanzandt Tammie
Bought by
Vanzandt Tammie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2004
Sold by
Pacifica Villa Royale Llc
Bought by
Castor Veronica and Vanzandt Tammie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,680
Interest Rate
5.62%
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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Purchase History

Date Buyer Sale Price Title Company
Adam Steve $390,000 Lawyers Title
Alnaimy Ali $270,000 First American Ttl San Diego
Jazrawy Siham Al -- Equity Title San Diego
Babawy Mirna $250,000 Equity Title San Diego
Jacob Munir Yusuf Allahwerdi -- None Available
Jacob Munir Y $205,000 First American Title Company
San Diego Quality Properties Llc -- None Available
Abu Yaakov -- Ticor Title San Diego
Bachar Menache -- Ticor Title San Diego
Bachar Menache $105,000 Ticor Title San Diego
Wells Fargo Bank Na $105,000 Stewart Title
Vanzandt Tammie -- Stewart Title Of Ca Inc
Vanzandt Tammie -- Stewart Title Of Ca Inc
Castor Veronica $240,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adam Steve $240,000
Previous Owner Alnaimy Ali $255,000
Previous Owner Jazrawy Siham Al $200,000
Previous Owner Bachar Menache $73,500
Previous Owner Vanzandt Tammie $250,000
Previous Owner Castor Veronica $191,680
Closed Castor Veronica $47,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2023 10/14/23 For Sale $399,999 +2.6% $432 / Sq Ft
10/13/2023 10/13/23 Sold $390,000 -- $422 / Sq Ft
08/12/2023 08/12/23 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,734 $397,799 $254,593 $143,206
2024 $4,734 $390,000 $249,601 $140,399
2023 $3,399 $280,907 $179,781 $101,126
2022 $3,346 $275,400 $176,256 $99,144
2021 $3,091 $252,589 $161,657 $90,932
2020 $3,057 $250,000 $160,000 $90,000
2019 $2,545 $213,280 $101,562 $111,718
2018 $2,503 $209,099 $99,571 $109,528
2017 $2,469 $205,000 $97,619 $107,381
2016 $1,410 $114,217 $54,389 $59,828
2015 $1,404 $112,503 $53,573 $58,930
2014 $1,377 $110,300 $52,524 $57,776
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2305047

California Regional Multiple Listing Service (CRMLS)

APN: 483-310-18-23