NOT LISTED FOR SALE

8505 Palm St Lemon Grove, CA 91945

Estimated Value: $602,000 - $779,588

3 Beds
2 Baths
1,359 Sq Ft
$518/Sq Ft Est. Value

Sale Details

Date Sold: January 25, 2024

Last sale price $641,000 $472 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,460 / mo

7 Days on Market

Highlights

  • View of Hills
  • Covered Patio or Porch
  • Double Pane Windows
  • No HOA
  • 2 Car Attached Garage
  • Walk-In Closet

About This Home

As of January 2024

Great investment opportunity with a view! First time on the market in over 30 years. This charming and well cared for home overlooks beautiful rolling hills. Pride of ownership is evident throughout this three bedroom and two bathroom property. Including dual-pane windows with retractable screens and automatic outdoor shutters that roll down creating additional security. There is a permitted Generac 24KW generator installed incase of power outages. Conveniently located near freeways, parks, schools, and shopping centers.

Last Agent to Sell the Property

Sara Morse

eXp Realty of California, Inc. License #02118539 Listed on: 01/11/2024

eXp Realty of California, Inc.

Co-Listed By

Mike Duong

eXp Realty of California, Inc License #02026101

eXp Realty of California, Inc

Last Buyer's Agent

Mike Duong

Sequoia Real Estate License #02026101

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1975

Lot Details

  • 7,900 Sq Ft Lot
  • Landscaped
  • Property is zoned R-1:SINGLE FAM-RES

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces

Property Views

  • Hills
  • Neighborhood

Home Design

  • Entry on the 1st floor
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,359 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Kitchen Island

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Ramp on the main level

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Las Palmas Estates Subdivision

Listing and Financial Details

  • Tax Tract Number 7639
  • Assessor Parcel Number 5034813900
  • $700 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1975

Lot Details

7,900 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: R-1:SINGLE FAM-RES
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5034813900
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1359.00 Square Feet
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Accessibility Features: Ramp - Main Level
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Gas, Living Room
  • Levels: One
  • Price Per Square Foot: 471.67
  • Room Type: Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Walk-In Closet
  • Window Features: Double Pane Windows
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Exterior Features: Rain Gutters
  • View: Hills, Neighborhood
  • Fence: No
  • Patio And Porch Features: Concrete, Covered, Patio
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
  • Heating Type: Fireplace(s), Forced Air
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Landscaped, Rocks
  • Lot Size Sq Ft: 7900.00
  • Lot Size Acres: 0.1814

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7900.0000 Square Feet

Tax Info

  • Tax Tract Number: 007639
  • TaxOtherAnnualAssessmentAmount: 700.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
Feb 23, 2024
Sold by
Furlan Frederic
Bought by
Furlan Frederic Emmanuel and Rocha Michelle
Seller's Agent
Sara Morse
eXp Realty of California, Inc.
Buyer's Agent
Mike Duong
Sequoia Real Estate
List Price
$630,000
Sold Price
$641,000
Premium/Discount to List
$11,000
1.75%
Views
473
Current Estimated Value
$704,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,397
Avg. Annual Appreciation
4.36%
Original Mortgage
$512,800
Outstanding Balance
$503,721
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$200,676

Purchase Details

Listed on
Jan 11, 2024
Closed on
Jan 25, 2024
Sold by
1995 Vandivier Family Trust
Bought by
Furlan Frederic
Seller's Agent
Sara Morse
eXp Realty of California, Inc.
Buyer's Agent
Mike Duong
Sequoia Real Estate
List Price
$630,000
Sold Price
$641,000
Premium/Discount to List
$11,000
1.75%
Views
473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,800
Outstanding Balance
$503,721
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$200,676

Purchase Details

Closed on
Mar 31, 1995
Sold by
Vandivier Venice Calvin and Vandivier Renate Frieda
Bought by
Vandivier Venice Calvin and Vandivier Renate Frieda
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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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
Furlan Frederic Emmanuel -- Lawyers Title
Furlan Frederic $641,000 Lawyers Title Company
Vandivier Venice Calvin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Furlan Frederic Emmanuel $512,800
Closed Furlan Frederic $641,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2024 01/25/24 Sold $641,000 +1.7% $472 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
01/11/2024 01/11/24 For Sale $630,000 -- $464 / Sq Ft
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 $8,383 $653,820 $428,400 $225,420
2024 $8,383 $641,000 $420,000 $221,000
2023 $2,169 $130,667 $40,163 $90,504
2022 $2,158 $128,106 $39,376 $88,730
2021 $2,134 $125,595 $38,604 $86,991
2020 $2,102 $124,309 $38,209 $86,100
2019 $2,063 $121,872 $37,460 $84,412
2018 $2,013 $119,483 $36,726 $82,757
2017 $1,977 $117,141 $36,006 $81,135
2016 $1,898 $114,845 $35,300 $79,545
2015 $1,888 $113,121 $34,770 $78,351
2014 $1,823 $110,906 $34,089 $76,817
Source: Public Records

Agents Affiliated with this Home

  • Sara Morse

    Seller's Agent in 2024

    Sara Morse

    eXp Realty of California, Inc.

    (619) 719-6812

    1 in this area

    10 Total Sales

    Sara Morse
    Section Image
  • Mike Duong

    Seller Co-Listing Agent in 2024

    Mike Duong

    eXp Realty of California, Inc

    (415) 990-1195

    2 in this area

    53 Total Sales

    Mike Duong
    Section Image

  • A

    Seller Co-Listing Agent in 2024

    Andrea Payne

    Orange Coast Title

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2400210

California Regional Multiple Listing Service (CRMLS)

APN: 503-481-39

California San Diego County Lemon Grove 91945

8505 Palm St, Lemon Grove, CA

Not Listed for Sale

Detached

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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