NOT LISTED FOR SALE

574 Madison Ave Chula Vista, CA 91910

Downtown Chula Vista Neighborhood

Estimated Value: $783,000 - $924,000

4 Beds
2 Baths
-- Sq Ft
6,419 Sq Ft Lot

Last Sold August 05, 2024

Last sale price $835,000

Est. 2% increase in value since last sale

Current estimated payment $4,716/month

26 Days on Market

About This Home

As of August 2024

Desirable & convenient area close to the Chula Vista Bayfront Redevelopment Project. Opportunity to get into income property, live in one unit and rent the other. Property near schools, shopping, parks, freeways, trolley, dining and recreation! Decent size units with private yards, a garage with laundry hookups & driveway parking.

Last Agent to Sell the Property

Jessica Mendez

Jessica Mendez License #01415500 Listed on: 06/14/2024

Last Buyer's Agent

Luiey Haddad

Luiey Haddad, Broker License #01756771

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,729

Year Built

  • Built in 1953

Lot Details

  • 6,419 Sq Ft Lot
  • Cross Fenced

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for trash
  • Assessor Parcel Number 571-080-05-00

Community Details

Overview

  • 2 Units
  • N/K Community

Building Details

  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,729

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: J Street
  • Neighborhood: Pepper Tree
  • Stories: 1 Story
  • Sale Price List Price: 0.93
  • Total Stories: 1
  • Year Built: 1953
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Cross Fencing
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: N/K

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 571-080-05-00
  • Estimated Lot Sq Ft: 6419
  • Estimated Number of Acres: 0.15

Rental Info

  • Tenant Pays: Trash

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 30000
  • Annual Expense Actual: 25000
  • Gross Rent Multiplier Actual: 19.0
  • Gross Sched Income Actual: 46500
  • Number Of Buildings: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2024
Closed on
Aug 1, 2024
Sold by
Pandit Berenice
Bought by
Pandit Rajay
Seller's Agent
Jessica Mendez
Jessica Mendez
Buyer's Agent
Luiey Haddad
Luiey Haddad, Broker
List Price
$895,000
Sold Price
$835,000
Premium/Discount to List
-$60,000
-6.7%
Views
57
Current Estimated Value
$849,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,290
Avg. Annual Appreciation
1.45%
Original Mortgage
$626,250
Outstanding Balance
$619,163
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$230,127

Purchase Details

Closed on
Nov 13, 2000
Sold by
Felix Ramona
Bought by
Felix Ramona D

Purchase Details

Closed on
Feb 3, 2000
Sold by
Humphries Intervivos Trust 01-23-90
Bought by
Felix Ramona

Purchase Details

Closed on
Jun 13, 1992
Sold by
Humphries James C and Humphries Mitsuko
Bought by
The Humphries Intervivos Trust
Source: Public Records

Range of Values:

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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
Pandit Rajay $835,000 Ticor Title
Felix Ramona D -- --
Felix Ramona $153,000 Fidelity National Title
The Humphries Intervivos Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pandit Rajay $626,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2024 08/05/24 Sold $835,000 -6.7% --
07/11/2024 07/11/24 Pending -- -- --
06/14/2024 06/14/24 For Sale $895,000 -- --
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 $2,729 $835,000 $600,000 $235,000
2024 $2,729 $230,524 $109,987 $120,537
2023 $2,692 $226,005 $107,831 $118,174
2022 $2,615 $221,574 $105,717 $115,857
2021 $2,555 $217,231 $103,645 $113,586
2020 $2,494 $215,005 $102,583 $112,422
2019 $2,430 $210,790 $100,572 $110,218
2018 $2,393 $206,657 $98,600 $108,057
2017 $2,343 $202,606 $96,667 $105,939
2016 $2,287 $198,634 $94,772 $103,862
2015 $2,255 $195,651 $93,349 $102,302
2014 $2,218 $191,820 $91,521 $100,299
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jessica Mendez

    Jessica Mendez

    Section Image
  • Luiey Haddad

    Buyer's Agent in 2024

    Luiey Haddad

    Luiey Haddad, Broker

    (858) 652-0603

    1 in this area

    1 Total Sale

    Luiey Haddad
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 240013593

San Diego MLS

APN: 571-080-05

California San Diego County Chula Vista 91910 Downtown Chula Vista

574 Madison Ave, Chula Vista, CA

This home is located at 574 Madison Ave, Chula Vista, CA 91910 since 14 June 2024 and is currently estimated at $849,290. This property was built in 1953. 574 Madison Ave is a home located in San Diego County with nearby schools including Chula Vista Middle School, Chula Vista High School, and Mueller Charter School.

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