NOT LISTED FOR SALE

7540 Madison Ave Lemon Grove, CA 91945

Estimated Value: $735,307 - $811,000

3 Beds
2 Baths
1,254 Sq Ft
$617/Sq Ft Est. Value

Last Sold August 08, 2019

Last sale price $477,000 $380 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,648/month

13 Days on Market

Highlights

  • Attached Guest House
  • Wood Flooring
  • Formal Dining Room
  • Solar Power System
  • Gazebo
  • 1 Car Attached Garage

About This Home

As of August 2019

Don't miss this fully equipped home. This home features new blinds double paned windows, hardwood floors, stellar backyard, Jacuzzi, and covered brick patio. Includes Solar panels, custom butcher block, two AC units, washer, dryer and refrigerator. Situated near Helix High School, Lemon Grove Elementary and walking distance to the trolley / Lemon Grove Community Garden. Includes a detached studio / guest house equipped with Murphy wall bed unit, refrigerator, stove, window AC unit. Also has storage shed!

Last Agent to Sell the Property

Melissa Epenesa

eXp Realty of Southern California, Inc. License #02012185 Listed on: 07/03/2019

eXp Realty of Southern California, Inc.

Last Buyer's Agent

Gisela Sanchez

eXp Realty of California, Inc. License #01765802

eXp Realty of California, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,757

Year Built

  • Built in 1952

Lot Details

  • 5,400 Sq Ft Lot
  • Partially Fenced Property
  • Vinyl Fence
  • Level Lot
  • Property is zoned R-1:SINGLE

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,254 Sq Ft Home
  • 1-Story Property
  • Awning
  • Living Room
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Brick Porch or Patio
  • Gazebo
  • Shed

Utilities

  • Floor Furnace
  • Separate Water Meter

Additional Features

  • Solar Power System
  • Attached Guest House

Listing and Financial Details

  • Assessor Parcel Number 480-235-16-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,757

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: East County
  • Cross Street: Buena Vista Ave
  • Neighborhood: Lemon Grove
  • LP / Sq Ft: 386.76
  • Price Per Sq Ft: 380.38
  • SP/ Sq Ft: 380.38
  • Stories: 1 Story
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 1952
  • 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: Wood
  • Equipment Available: Dishwasher, Dryer, Microwave, Range/Oven, Shed(s), Solar Panels, Washer, Gas Stove
  • Searchable Rooms: Dining Room/Separate, Kitchen, Living Room, Master Bedroom, Master Bathroom
  • Total Bedrooms: 3
  • Bedrooms: 3
  • Master Bedroom Dimensions: 13x10
  • Full Bathrooms: 2
  • Laundry Location: Garage
  • Estimated Sq Ft: 1254
  • Total Bathrooms: 2

Exterior Features

  • Exterior Material: Wood
  • Fencing: Partial, Vinyl
  • Guest House: Attached
  • Patio: Awning/Porch Covered, Brick
  • Roof: Shingle

Garage/Parking

  • Garage Details: Attached
  • Garage Spaces: 1
  • Non Garage Parking: Driveway
  • Garage Spaces: 1
  • Parking Spaces Total: 2

Utilities

  • Laundry Utilities: Gas
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Floor Furnace

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: LEMON GROVE

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Other Structures: Shed
  • Topography: Level
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 480-235-16-00
  • Estimated Lot Sq Ft: 5400
  • Estimated Number of Acres: 0.12
  • Other Structures: Guest House Attached, Shed, Gazebo
  • Map Code Column: G
  • Map Code Page: 1270
  • Map Code Row: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2019
Closed on
Jul 26, 2019
Sold by
Calderon Albert and Calderon Patricia G
Bought by
Panela Gilbert and Panela Shanna Lynn
Seller's Agent
Melissa Epenesa
eXp Realty of Southern California, Inc.
Buyer's Agent
Gisela Sanchez
eXp Realty of California, Inc.
List Price
$485,000
Sold Price
$477,000
Premium/Discount to List
-$8,000
-1.65%
Current Estimated Value
$739,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,684
Avg. Annual Appreciation
7.42%
Original Mortgage
$405,450
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 30, 2016
Closed on
May 3, 2016
Sold by
Fero Anton L and Fero Courtney S
Bought by
Calderon Albert and Calderon Patricia G
Seller's Agent
Bob Kelly
Berkshire Hathaway HomeService
Buyer's Agent
Maria Rappleyea
Big Block Realty, Inc
List Price
$365,000
Sold Price
$365,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.81%
Original Mortgage
$351,515
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 28, 2013
Closed on
Apr 11, 2013
Sold by
Thruston Janice E
Bought by
Fero Anton L and Fero Courtney S
Seller's Agent
Bob Kelly
Berkshire Hathaway HomeService
Buyer's Agent
Bob Kelly
Berkshire Hathaway HomeService
List Price
$213,000
Sold Price
$213,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.98%
Original Mortgage
$209,142
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 20, 2007
Sold by
Panela Gilbert and Panela Shanna Lynn
Bought by
Panela Family Trust and Panela

Purchase Details

Closed on
Jun 11, 1997
Sold by
Ruth Martin
Bought by
Martin Beulah Ruth
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
Panela Gilbert $477,000 Lawyers Title Company
Calderon Albert $365,000 California Title Company
Fero Anton L $213,000 California Title Company
Panela Family Trust -- None Listed On Document
Martin Beulah Ruth -- --
Martin Ruth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Panela Gilbert $449,650
Previous Owner Panela Gilbert $432,000
Previous Owner Panela Gilbert $412,000
Previous Owner Panela Gilbert $405,450
Previous Owner Calderon Albert $351,515
Previous Owner Fero Anton L $209,142
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2019 08/08/19 Sold $477,000 -1.6% $380 / Sq Ft
07/17/2019 07/17/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $485,000 +32.9% $387 / Sq Ft
06/07/2016 06/07/16 Sold $365,000 0.0% $291 / Sq Ft
05/02/2016 05/02/16 Pending -- -- --
04/30/2016 04/30/16 For Sale $365,000 +71.4% $291 / Sq Ft
05/03/2013 05/03/13 Sold $213,000 0.0% $313 / Sq Ft
03/28/2013 03/28/13 Pending -- -- --
03/28/2013 03/28/13 For Sale $213,000 -- $313 / 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 $6,757 $521,663 $450,579 $71,084
2024 $6,757 $511,436 $441,745 $69,691
2023 $6,581 $501,409 $433,084 $68,325
2022 $6,544 $491,579 $424,593 $66,986
2021 $6,454 $481,941 $416,268 $65,673
2020 $6,382 $477,000 $412,000 $65,000
2019 $5,305 $387,340 $212,241 $175,099
2018 $5,186 $379,746 $208,080 $171,666
2017 $5,101 $372,300 $204,000 $168,300
2016 $3,188 $221,568 $104,023 $117,545
2015 $3,169 $218,241 $102,461 $115,780
2014 $3,050 $213,967 $100,454 $113,513
Source: Public Records

Agents Affiliated with this Home

  • Melissa Epenesa

    Seller's Agent in 2019

    Melissa Epenesa

    eXp Realty of Southern California, Inc.

    (858) 776-3823

    37 Total Sales

    Section Image
  • Gisela Sanchez

    Buyer's Agent in 2019

    Gisela Sanchez

    eXp Realty of California, Inc.

    (619) 254-6066

    89 Total Sales

    Section Image
  • Bob Kelly

    Seller's Agent in 2016

    Bob Kelly

    Berkshire Hathaway HomeService

    (619) 445-6556

    168 Total Sales

    Section Image

  • M

    Buyer's Agent in 2016

    Maria Rappleyea

    Big Block Realty, Inc

    Section Image
  • Mindy Henderson

    Buyer's Agent in 2016

    Mindy Henderson

    Compass

    (415) 407-1522

    2 Total Sales

    Section Image
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Map

Source: San Diego MLS

MLS Number: 190036701

San Diego MLS

APN: 480-235-16

California San Diego County Lemon Grove 91945

7540 Madison Ave, Lemon Grove, CA

This home is located at 7540 Madison Ave, Lemon Grove, CA 91945 since 03 July 2019 and is currently estimated at $774,327, approximately $617 per square foot. This property was built in 1952. 7540 Madison Ave is a home located in San Diego County with nearby schools including San Miguel Elementary School, Mount Miguel High School, and Helix High School.

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