NOT LISTED FOR SALE

731 Franklin Ave El Cajon, CA 92020

Estimated Value: $711,000 - $746,000

4 Beds
2 Baths
1,100 Sq Ft
$661/Sq Ft Est. Value

Last Sold April 02, 2024

Last sale price $715,000 $650 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,641/month

20 Days on Market

Highlights

  • 2 Car Detached Garage
  • Laundry Room
  • Partially Fenced Property
  • Grossmont High School Rated A
  • Dining Area
  • Level Lot

About This Home

As of April 2024

HUGE PRICE REDUCTION! SELLER SAID LETS GET THIS HOME SOLD! Builders’ opportunity & investors dream! (Or traditional buyer) This property has the potential to turn into multi-unit housing or be kept as an investment property. Per tax record, home is 2 bedroom 1 bathroom 1039 sqft 2 car garage. Tax record reflects 2 addresses attached to property 731 & 733 Franklin Ave. Property is already Zoned R3. What currently exists is 3 bedroom 2 bath laundry room in addition to the detached 2 car garage which was converted to a 1 bedroom 1 full bathroom plus living area. (no kitchen) All additions were unpermitted before the current owner inherited the property. Owner has never resided in property. Home is tenant occupied, month-to-month lease.

Last Agent to Sell the Property

Kim Sulu

Keller Williams Realty License #01786031 Listed on: 02/21/2024

Keller Williams Realty

Last Buyer's Agent

Loubna Thomas

Compass License #01920101

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,171

Year Built

  • Built in 1947

Lot Details

  • 9,636 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot
  • Property is zoned R-3:RESTRI

Parking

  • 2 Car Detached Garage
  • Unpaved Driveway

Home Design

  • Composition Roof
  • Cedar

Interior Spaces

  • 1,100 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Laminate Flooring
  • Stove
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Gravity Heating System
  • Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 487-512-10-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,171

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: East County
  • Cross Street: El Cajon
  • Neighborhood: Franklin Center
  • LP / Sq Ft: 636.36
  • Price Per Sq Ft: 650.0
  • SP/ Sq Ft: 650.0
  • Stories: 1 Story
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 1947
  • 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: Detached

Interior Features

  • Flooring: Laminate
  • Equipment Available: Gas Stove
  • Fireplaces: 1
  • Fireplace: Fp In Living Room
  • Searchable Rooms: Dining Area, Laundry
  • Total Bedrooms: 4
  • Bedrooms: 3
  • Master Bedroom Dimensions: 17x8
  • Optional Bedrooms: 1
  • Full Bathrooms: 2
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 1100
  • Total Bathrooms: 2

Exterior Features

  • Exterior Material: Cedar
  • Fencing: Partial
  • Roof: Composition

Garage/Parking

  • Garage Details: Detached
  • Garage Spaces: 2
  • Non Garage Parking: Driveway - Unpaved
  • Garage Spaces: 8
  • Parking Spaces Total: 10

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Fireplace, Wall/Gravity
  • Heating Fuel: Natural Gas

Condo/Co-op/Association

  • Community: EL CAJON

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Topography: Level
  • Zoning: R-3:RESTRI
  • Assessor Parcel Number: 487-512-10-00
  • Estimated Lot Sq Ft: 9636
  • Estimated Number of Acres: 0.22
  • Map Code Column: E
  • Map Code Page: 1251
  • Map Code Row: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
Apr 1, 2024
Sold by
Marwada Paul Athraa
Bought by
Paul Saif
Seller's Agent
Kim Sulu
Keller Williams Realty
Buyer's Agent
Loubna Thomas
Compass
List Price
$800,000
Sold Price
$715,000
Premium/Discount to List
-$85,000
-10.62%
Views
205
Current Estimated Value
$726,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,832
Avg. Annual Appreciation
0.71%
Original Mortgage
$500,500
Outstanding Balance
$493,334
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$228,755

Purchase Details

Listed on
Feb 21, 2024
Closed on
Mar 21, 2024
Sold by
Figueroa Sheena
Bought by
Paul Saif
Seller's Agent
Kim Sulu
Keller Williams Realty
Buyer's Agent
Loubna Thomas
Compass
List Price
$800,000
Sold Price
$715,000
Premium/Discount to List
-$85,000
-10.62%
Views
205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,500
Outstanding Balance
$493,334
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$228,755

Purchase Details

Closed on
Apr 22, 2021
Sold by
Figueroa Sheena and Barbara J Woodsford Trust
Bought by
Figueroa Sheena

Purchase Details

Closed on
Feb 23, 2021
Sold by
Hughes Woodsford Llc
Bought by
Figueroa Sheena and Barbara J Woodsford Trust

Purchase Details

Closed on
Sep 11, 2006
Sold by
Hughes Carol and Woodsford Barbara
Bought by
Hughes Woodsford Llc

Purchase Details

Closed on
Nov 12, 1998
Sold by
Pat Salerno and Pat Marion G
Bought by
Hughes Carol and Woodsford Barbara

Purchase Details

Closed on
Jan 7, 1991

Purchase Details

Closed on
Aug 3, 1983
Source: Public Records

Range of Values:

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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
Paul Saif -- Lawyers Title Company
Paul Saif $715,000 Lawyers Title Company
Figueroa Sheena -- None Available
Figueroa Sheena -- Accommodation
Hughes Woodsford Llc -- None Available
Hughes Carol -- Chicago Title Co
-- $125,000 --
-- $62,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paul Saif $500,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2024 04/02/24 Sold $715,000 +2.1% $650 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
03/08/2024 03/08/24 Price Changed $699,999 -12.5% $636 / Sq Ft
02/21/2024 02/21/24 For Sale $800,000 -- $727 / 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 $8,171 $729,300 $510,000 $219,300
2024 $8,171 $530,603 $318,362 $212,241
2023 $7,848 $520,200 $312,120 $208,080
2022 $7,259 $510,000 $306,000 $204,000
2021 $2,968 $162,190 $86,889 $75,301
2020 $2,643 $160,528 $85,999 $74,529
2019 $1,954 $157,381 $84,313 $73,068
2018 $1,922 $154,296 $82,660 $71,636
2017 $1,898 $151,272 $81,040 $70,232
2016 $1,822 $148,306 $79,451 $68,855
2015 $1,813 $146,079 $78,258 $67,821
2014 $1,779 $143,219 $76,726 $66,493
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240003810

San Diego MLS

APN: 487-512-10