256 Richfield Ave El Cajon, CA 92020

$110,000 Sold Price as of 01/14/2000

4 Beds
3 Baths
2,075 Sq.Ft.

Off Market

$110,000 Sold Price as of 01/14/2000 Refinance Your Mortgage

Map preview of 256 Richfield Ave, El Cajon, CA 92020

Property Overview: 256 Richfield Ave El Cajon, CA has 4 bedrooms, 3 bathrooms, 2,075 living square feet and 7,883 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

256 Richfield Ave is currently an off market home in the city of El Cajon. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of El Cajon has a median list price of $799,000. The median price per/sqft for El Cajon is $503. With those numbers in mind, if you are looking to purchase a median priced home in El Cajon, CA and put 20% down you will need to save up $159,800 for the down payment and will need roughly $15,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in El Cajon the commission could be as much as $40,450. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 256 Richfield Ave

Last sold for $110,000 on January 14th, 2000

May, 2023
May 18, 2023

Date

Expired

CRMLS: 230003211SD

$759,000

Price
Feb 17, 2023

Date

Active

CRMLS: 230003211SD

$759,000

Price
Listing provided courtesy of CRMLS

This property features a 2 bedroom, 1 bath house in the front, a 2 bedroom, 2 bath house in the rear, and an unpermitted 1 bedroom, 1 bath unit downstairs in two of the converted garages. The rear property was constructed in 1980 with 5 garages. Two of those garages were converted to the current 1 bedroom, 1 bath unit. There are washer & dryer hookups in two of the garages. This is a value-add investment. The rents are below market and the front house is in poor condition and needs to be renovated to bring the rents up to market. The tenant in the rear unit is on Section 8, with the agency paying $1,600 of the $2,050 in rent. All tenants have been there long term and are aware the property is for sale. This is a great opportunity to remodel the front unit, make cosmetic upgrades to the exterior and raise rents to market. The current CAP rate is already 5.76% so this could easily be a 6.25% or greater return on investment.

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January, 2000
Jan 14, 2000

Date

Sold (Public Records)

Public Records

$110,000

Price
August, 1993
Aug 17, 1993

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 256 Richfield Ave

Assessed Value (2020): $357,124

Year	Land Value	Improved Value	Assessed Value
2020	$76,386	$280,738	$357,124

About 256 Richfield Ave

Detailed summary of property

256 Richfield Ave is categorized with a use code of Multi-Family Dwellings (Generic, Any Combination 2+) in El Cajon, CA 92020 and last sold on January 14, 2000 for $110,000. This property has 4 bedrooms, 3 bathrooms, roughly 2,075 living square feet, and sits on an approximately 7,883 square foot lot. Homes in El Cajon are selling for a median price of $809,000 and a median price per square foot of $500. Based on Ardent Real Estate Group's El Cajon Market Data, this home is sold 86.4% lower than the current median priced home. 256 Richfield Ave was last sold on January 14, 2000 for $110,000. Local nearby listings include 1 Gray Stone Way, 6 Poppy Hills Rd and 29 Saint Croix. The average home in El Cajon, CA is selling in 80 days. There are currently 318 homes for sale in the El Cajon real estate market and 230 of them are single family homes while 64 of them are condos and 24 are townhomes. If you are the homeowner and looking to sell the home at 256 Richfield Ave El Cajon, CA 92020 contact Ardent Real Estate Group and we will put you in touch with one of our El Cajon agents.

Public Facts for 256 Richfield Ave

Public county record property details

Beds: 4
Baths: 3
Year built: 1980
Sq. Ft.: 2,075
Lot Size: 7,883
Stories: --

Type: Multi-Family Dwellings (Generic, Any Combination 2+)
Pool: No
Spa: No
County: San Diego
Lot#: 140
APN: 487-292-20-00

The source for these homes facts are from public records.

92020 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$503

Median Sold Price

$860,000

Median Sold Price/Sq.Ft.

$485

Total Inventory

115

Median Sale to List Price %

95.66%

Avg Days on Market

Loan Type

Conventional (82.35%), FHA (5.88%), VA (0%), Cash (11.76%), Other (0%)

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