NOT LISTED FOR SALE

8820 Lance Ave Spring Valley, CA 91977

Estimated Value: $736,000 - $873,000

3 Beds
2 Baths
1,055 Sq Ft
$742/Sq Ft Est. Value

Last Sold August 17, 2023

Last sale price $722,000 $684 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,833/month

16 Days on Market

Highlights

  • Private Yard
  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window
  • No HOA
  • 2 Car Attached Garage
  • Living Room

About This Home

As of August 2023

Well-kept home on a very quiet neighborhood in Spring Valley. 2 BEDROOM ADU PLANS READY FOR CONSTRUCTION!! The home features 3 bedrooms 2 Baths has been substantially renovated and upgraded throughout, 2 car garage, RV parking, PAID SOLAR SYSTEM, NEWER ROOF, NEW FANCE, NEW WINDOWS, large lot to add an ADU, step out to a sun-soaked backyard to enjoy BBQ's and special events with family and friends, this property presents a rare opportunity for the discerning buyer seeking a move-in ready home. No HOA and No Mello-Roos. Don't miss out on the chance to make this beautifully renovated property your own.

Last Agent to Sell the Property

Joe Castro

Master Property Realty License #01418673 Listed on: 07/10/2023

Master Property Realty

Last Buyer's Agent

Ivy Lin

Sunrise Investment International License #01890691

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 7,700 Sq Ft Lot
  • Landscaped
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Property is zoned R-1:SINGLE FAM-RES

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,055 Sq Ft Home
  • 1-Story Property
  • Entryway
  • Family Room
  • Living Room
  • Center Hall
  • Neighborhood Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Tract Number 4325
  • Assessor Parcel Number 5835820300

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: R-1:SINGLE FAM-RES
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5835820300
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1055.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 684.36
  • Room Type: All Bedrooms Down, Center Hall, Entry, Family Room, Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 7700.00
  • Lot Size Acres: 0.1768

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7700.0000 Square Feet

Tax Info

  • Tax Tract Number: 004325

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Aug 3, 2023
Sold by
Madrigal Family Trust
Bought by
Wu Dean
Seller's Agent
Joe Castro
Master Property Realty
Buyer's Agent
Ivy Lin
Sunrise Investment International
List Price
$699,900
Sold Price
$722,000
Premium/Discount to List
$22,100
3.16%
Views
137
Current Estimated Value
$783,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,138
Avg. Annual Appreciation
3.46%

Purchase Details

Closed on
May 20, 2022
Sold by
Madrigal Victor M and Madrigal Blanca E
Bought by
Madrigal Family Trust

Purchase Details

Listed on
Jun 6, 2021
Closed on
Jun 30, 2021
Sold by
Marie Thorpe Barbara
Bought by
County Of San Diego
Seller's Agent
Joni Burnett
Keller Williams Realty
Buyer's Agent
Joe Castro
eXp Realty of Southern California, Inc.
List Price
$514,500
Sold Price
$580,000
Premium/Discount to List
$65,500
12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$464,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 6, 2021
Closed on
Jun 11, 2021
Sold by
Duke Dennis Alan and Barbara Marie Thorpe Trust
Bought by
Madrigal Victor M and Madrigal Blanca E
Seller's Agent
Joni Burnett
Keller Williams Realty
Buyer's Agent
Joe Castro
eXp Realty of Southern California, Inc.
List Price
$514,500
Sold Price
$580,000
Premium/Discount to List
$65,500
12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2000
Sold by
Thorpe Barbara D
Bought by
Thorpe Barbara Marie
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
Wu Dean $722,000 Wfg National Title Company
Madrigal Family Trust -- None Listed On Document
County Of San Diego -- --
Madrigal Victor M $580,000 Corinthian Title
Thorpe Barbara Marie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Madrigal Victor M $464,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/17/2023 08/17/23 Sold $722,000 +3.2% $684 / Sq Ft
07/26/2023 07/26/23 Pending -- -- --
07/23/2023 07/23/23 For Sale $699,900 0.0% $663 / Sq Ft
07/16/2023 07/16/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $699,900 +20.7% $663 / Sq Ft
06/30/2021 06/30/21 Sold $580,000 0.0% $550 / Sq Ft View Prior Sale
06/11/2021 06/11/21 Pending -- -- --
06/08/2021 06/08/21 Off Market $580,000 -- --
06/06/2021 06/06/21 For Sale $514,500 -- $488 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,900 $736,439 $558,678 $177,761
2024 $8,900 $722,000 $547,724 $174,276
2023 $7,491 $603,432 $457,776 $145,656
2022 $7,383 $591,600 $448,800 $142,800
2021 $2,360 $159,470 $79,735 $79,735
2020 $2,255 $157,836 $78,918 $78,918
2019 $2,219 $154,742 $77,371 $77,371
2018 $2,135 $151,708 $75,854 $75,854
2017 $2,065 $148,734 $74,367 $74,367
2016 $1,978 $145,818 $72,909 $72,909
2015 $1,959 $143,628 $71,814 $71,814
2014 $1,932 $140,816 $70,408 $70,408
Source: Public Records

Agents Affiliated with this Home

  • Joe Castro

    Seller's Agent in 2023

    Joe Castro

    Master Property Realty

    (619) 368-0622

    2 in this area

    17 Total Sales

    Joe Castro
    Section Image
  • Ivy Lin

    Buyer's Agent in 2023

    Ivy Lin

    Sunrise Investment International

    (858) 603-0135

    1 in this area

    16 Total Sales

    Ivy Lin
    Section Image
  • Joni Burnett

    Seller's Agent in 2021

    Joni Burnett

    Keller Williams Realty

    (619) 589-9646

    2 in this area

    57 Total Sales

    Joni Burnett
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2303305

California Regional Multiple Listing Service (CRMLS)

APN: 583-582-03

California San Diego County Spring Valley 91977

8820 Lance Ave, Spring Valley, CA

Not Listed for Sale

Detached

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