718 S Magnolia Ave El Cajon, CA 92020

$1,740,000 Sold Price as of 10/10/2014

18 Beds
15 Baths
8,760 Sq.Ft.

Off Market

$1,740,000 Sold Price as of 10/10/2014 Refinance Your Mortgage

Map preview of 718 S Magnolia Ave, El Cajon, CA 92020

Property Overview: 718 S Magnolia Ave El Cajon, CA has 18 bedrooms, 15 bathrooms, 8,760 living square feet and 15,147 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

718 S Magnolia 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 718 S Magnolia Ave

Last sold for $1,740,000 on October 10th, 2014

August, 2018
Aug 9, 2018

Date

Sold

CRMLS: 140020993

$1,740,000

Price
Listing provided courtesy of CRMLS

We are pleased to present a 15-unit apartment complex located at 718 S. Magnolia Avenue in the City of El Cajon, California. Built in 1969, the subject property is situated on 0.35 acres. The property is comprised of 12 one-bedroom/one-bath units, and three, two-bedroom/one-bath units totaling approximately 8,775 rentable square feet. The complex consists of one, two-story wood frame building, with a concrete slab foundation and a pitched roof. Residents also enjoy the on-site modern laundry facilities, gated swimming pool, and controlled access entry. The new owner will enjoy the security of having the property situated near comparable apartment complexes, local shopping and restaurants, as well as having easy access to Interstate 8. This offering is perfect for a long-term investor seeking a pride of ownership multifamily investment. The property is being offered free and clear of debt. Amenities: BBQ

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October, 2014
Oct 10, 2014

Date

Sold (Public Records)

Public Records

$1,740,000

Price
November, 2007
Nov 30, 2007

Date

Sold (Public Records)

Public Records

$291,500

Price

Tax History for 718 S Magnolia Ave

Assessed Value (2020): $1,912,151

Year	Land Value	Improved Value	Assessed Value
2020	$714,309	$1,197,842	$1,912,151

About 718 S Magnolia Ave

Detailed summary of property

718 S Magnolia Ave is categorized with a use code of Apartment House (5+ Units) in El Cajon, CA 92020 and last sold on October 10, 2014 for $1,740,000. This property has 18 bedrooms, 15 bathrooms, roughly 8,760 living square feet, and sits on an approximately 15,147 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 115.08% higher than the current median priced home. 718 S Magnolia Ave was last sold on October 10, 2014 for $1,740,000. Local nearby listings include 1 Gray Stone Way, 6 Poppy Hills Rd and 1 Zephyr. 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 718 S Magnolia 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 718 S Magnolia Ave

Public county record property details

Beds: 18
Baths: 15
Year built: 1969
Sq. Ft.: 8,760
Lot Size: 15,147
Stories: --

Type: Apartment House (5+ Units)
Pool: Yes
Spa: No
County: San Diego
Lot#: 2
APN: 492-160-50-00

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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