NOT LISTED FOR SALE

7117 Cabernet Way Lemon Grove, CA 91945

Estimated Value: $721,000 - $788,000

3 Beds
2.5 Baths
1,296 Sq Ft
$582/Sq Ft Est. Value

Last Sold September 13, 2022

Last sale price $600,000 $463 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,624/month

24 Days on Market

Highlights

  • Central Air
  • Property is Fully Fenced
  • Heating System Uses Natural Gas
  • 2 Car Garage
  • Gentle Sloping Lot

About This Home

As of September 2022

This home is a Gem in the making. The view overlooking the city and the night lights is gorgeous. The home needs TLC however the potential is there. The price is Just right to purchase a San Diego home 550k. This home has all the bedrooms upstairs and a door that leads to a Roof top deck over the garage. Its on a very nice size lot so you have the room to expand and turn into something even more beautiful.

Last Agent to Sell the Property

Derrick Luckett

Destiny Six Financial RE Mortg License #01271639 Listed on: 07/28/2022

Last Buyer's Agent

Matthew Merrill

Pacific Sotheby's International Realty License #02126877

Pacific Sotheby's International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1977

Lot Details

  • 6,300 Sq Ft Lot
  • Property is Fully Fenced
  • Gentle Sloping Lot
  • Property is zoned R-1:SINGLE

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 1,296 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in Garage
  • Washer Hookup

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 576-140-54-00

Home Details

Home Type

Single Family

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: East County
  • Cross Street: Madera St.
  • Neighborhood: Madera Terrace
  • LP / Sq Ft: 424.38
  • Price Per Sq Ft: 462.96
  • SP/ Sq Ft: 462.96
  • Stories: 2 Story
  • Ownership: Fee Simple
  • Total Stories: 2
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment Available: Dishwasher, Disposal, Range/Oven, Gas Oven
  • Total Bedrooms: 3
  • Bedrooms: 3
  • Master Bedroom Dimensions: 10x13
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Laundry Location: Garage
  • Estimated Sq Ft: 1296
  • Total Bathrooms: 3

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Shingle

Garage/Parking

  • Garage Details: Garage
  • Garage Spaces: 2
  • Non Garage Parking: Driveway - Asphalt
  • Parking Spaces Total: 4

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Washer Hookup
  • Sewer/Septic: Public Sewer
  • Water: Meter on Property, Public
  • Heating: Combination Heating
  • Heating Fuel: Natural Gas

Condo/Co-op/Association

  • Community: LEMON GROVE

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Slope Gentle
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 576-140-54-00
  • Estimated Lot Sq Ft: 6300
  • Estimated Number of Acres: 0.15
  • Map Code Column: F
  • Map Code Page: 1290
  • Map Code Row: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Aug 23, 2022
Sold by
Brenda Saafir
Bought by
Dominguez Socorro I and Ramos Jose R
Seller's Agent
Derrick Luckett
Destiny Six Financial RE Mortg
Buyer's Agent
Matthew Merrill
Pacific Sotheby's International Realty
List Price
$550,000
Sold Price
$600,000
Premium/Discount to List
$50,000
9.09%
Views
1
Current Estimated Value
$753,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,744
Avg. Annual Appreciation
7.20%
Original Mortgage
$570,000
Outstanding Balance
$544,026
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$209,718

Purchase Details

Closed on
Oct 18, 2010
Sold by
Hameen Faheem and Saafir Brenda
Bought by
Hameen Faheem and Saafir Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,562
Interest Rate
4.75%
Mortgage Type
FHA
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
Dominguez Socorro I $600,000 --
Hameen Faheem -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dominguez Socorro I $570,000
Previous Owner Hameen Faheem $75,562
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2022 09/13/22 Sold $600,000 +9.1% $463 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
08/17/2022 08/17/22 For Sale $550,000 0.0% $424 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
07/28/2022 07/28/22 For Sale $550,000 -- $424 / 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 $7,951 $624,239 $233,333 $390,906
2024 $7,951 $612,000 $228,758 $383,242
2023 $7,541 $583,000 $217,000 $366,000
2022 $2,540 $159,815 $59,737 $100,078
2021 $2,510 $156,682 $58,566 $98,116
2020 $2,475 $155,076 $57,966 $97,110
2019 $2,430 $152,036 $56,830 $95,206
2018 $2,373 $149,056 $55,716 $93,340
2017 $150 $146,134 $54,624 $91,510
2016 $2,241 $143,269 $53,553 $89,716
2015 $2,229 $141,118 $52,749 $88,369
2014 $2,150 $138,354 $51,716 $86,638
Source: Public Records

Agents Affiliated with this Home

  • Derrick Luckett

    Seller's Agent in 2022

    Derrick Luckett

    Destiny Six Financial RE Mortg

    (619) 825-9560

    1 in this area

    45 Total Sales

    Derrick Luckett
    Section Image
  • Matthew Merrill

    Buyer's Agent in 2022

    Matthew Merrill

    Pacific Sothebys

    (206) 898-4883

    1 in this area

    13 Total Sales

    Matthew Merrill
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 220019612

San Diego MLS

APN: 576-140-54

California San Diego County Lemon Grove 91945

7117 Cabernet Way, Lemon Grove, CA

Not Listed for Sale

Detached

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