1124 Random Road

Closed 4/13/22
Closed 4/13/22
Gallery Image 1
Sold
Last Sold Price
$510,000
191,664 Lot Size4.4 Acres
1124 Random Rd, El Cajon, CA 92020
LandProperty Type
4.4 acresLot Size

Description

4+ Acres Lot with amazing panoramic views of the mountains and city Lights in a prime neighborhood! Plenty of parking for RV / Boat. The existing house must be removed due to a fire. All utilities are in place. You just need to rebuild on this prime spacious lot. This is a great opportunity to invest in a possibility of splitting the lot and building two duplexes. The new California law based on Senate Bill 9 lets property owners build a duplex on a single-family lot, or divide their property into...4+ Acres Lot with amazing panoramic views of the mountains and city Lights in a prime neighborhood! Plenty of parking for RV / Boat. The existing house must be removed due to a fire. All utilities are in place. You just need to rebuild on this prime spacious lot. This is a great opportunity to invest in a possibility of splitting the lot and building two duplexes. The new California law based on Senate Bill 9 lets property owners build a duplex on a single-family lot, or divide their property into two for a total of four units (please see attached documents for more information). Close to shopping center and schools. Easy access to Freeway. Don't miss out on this opportunity to build your dream home or a great investment opportunity to expand! Zoning is for half acre lots. It may be possible to subdivide the property into 4 lots. Important: Do not go into building due to safety reasons. Only look at the building from the outside. Loans: Per US Bank as of 2/1/22. Please call them to verify current rates. The Vacant Lot loans are very straight forward. The loan is a 30 year loan, fixed for the first three years at 4.625%, then becoming an annual adjustable for the remaining 27 years. No pre-payment penalty. For loans under five acres, we can lend: 75% to $300,000 70% to $400,000 65% to $500,000 60% $750,000 and above. For loans between five and ten acres, if the lot has all utilities, we are limited to 65% loan to value. No utilities, we are at 50% loan to value. 10 Acres maximum. Up to 20 acres on an exception basis. Borrowers will need a 720 FICO score. Scores as low as 680 are done with restrictions. That’s it! The Construction to Permanent Loans are fantastic! We can lend: 75% to $1,500,000 70% to $2,000,000 65% to $2,500,000 60% to $,3000,000 and above. We have a 30 year fixed rate construction to permanent loan at 3.375%, as well as loans that are fixed for an initial period of 5, 7, or 10 years, then becoming adjustable, all in the 2% range! During the construction period, the payments are interest only, based on only the amount that has been drawn for work that has been performed. Once all the draws have been taken, and the project is complete, the payments become principal and interest and it’s the permanent loan. There is no need to refinance, and borrowers lock into the interest rate for the entire term at the beginning of construction!
  • Listed by: Brian Yui DRE #01165628 Brokerage DRE #01272286 • houserebate.com
  • Listed by: Kieu Tu DRE #01353314 • Wellsford Realty
Listing closed: 04/13/2022 12:00 AM • Source: CRMLS, MLS#: NDP2200139

Recent comparable sales

Median sold price

$335,000

Avg days on market

120

Sale-to-list ratio

89.8%

El Cajon, CA

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Location

Listing Courtesy of houserebate.com, Brian Yui, DRE #01165628; Wellsford Realty, Kieu Tu, DRE #01353314

Sold By Wellsford Realty, Brian Yui, DRE #01272286

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Property Taxes

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Property Information for 1124 Random Road

Property Details
  • MLS Type: Lot/Land
  • County: San Diego County
  • View: City Lights, Neighborhood, Panoramic
  • Parking Spaces Total: 0
  • Lot Size Source: Assessor
  • Assessor Parcel Number: 493-392-02-00
  • Pool: No
  • View: Yes
  • View: Yes
  • Association: No
  • Association Fee: $.00
  • Zoning: R-1:SINGLE FAM-RES
  • Senior Community: No
  • Parcel Number: 4933920200
  • Area: 92020 - El Cajon
  • Directions: Chase to Burnaby, L Coldstream Dr, R Haney St, R Random Rd, Right onto driveway
Building Information
  • Lot Size: 4.40 AC
Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Tract Number: CC0002
Community / Development
Community / Development
  • Assessments YN: No
  • Community Features: Foothills
Property / Structure Info
Interior Features
Exterior Features
  • Fence: No
  • View Description: City Lights, Panoramic
Distance To
  • Distance To Water: Helix
Land/Lot Info
  • Lot Features: Corner Lot, Lot Over 40000 Sqft, Level, Utilities - Overhead
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: See Remarks
  • Water Source: See Remarks
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Lots/Land

Property History for 1124 Random Road

DateEvent & SourcePriceAppreciation
Apr 13, 2022

Sold

CRMLS #NDP2200175

$510,000—
Apr 13, 2022

Sold

CRMLS #NDP2200139

$510,000—
Apr 13, 2022

Sold

SDMLS #NDP2200175

$510,000—
DateEvent & SourcePrice
04/13/2022

Sold

CRMLS #NDP2200175

$510,000
04/13/2022

Sold

CRMLS #NDP2200139

$510,000
04/13/2022

Sold

SDMLS #NDP2200175

$510,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1124 Random Road

Taxable ValueLand$552,040Additions-Total$552,040
Tax Record2025$6,438 ($537 / month)
Home Facts
Beds4Baths1Lot Size191,664 SqFtStyleResidentialYear Built1950Year Renovated1950ZoningRRCountySAN DIEGOAPN493-392-02-00

Schools near 1124 Random Road

This home is within Cajon Valley Union School District.
Rating
School
Type
Grades
Distance
Anza Elementary School
Public - K to 6
Cajon Valley Middle School
Public - 6 to 8
Valhalla High School
Public - 9 to 12
Eje Elementary Academy Charter
Charter - K to 5
Rating
School
Distance
Anza Elementary School
PublicK to 6

Cajon Valley Middle School
Public6 to 8

Valhalla High School
Public9 to 12

Eje Elementary Academy Charter
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1124 Random Road, El Cajon, CA 92020
$510,000
–
–
–
191,664
1282 Burnaby Street, El Cajon, CA 92020
$258,500
3
2
1,632
10,700
1238 Burnaby Street, El Cajon, CA 92020
$639,900
3
1,632
–
418 Avenida Abajo, El Cajon, CA 92020
–
4
3.5
3,229
108,464
1239 Burnaby Street, El Cajon, CA 92020
–
5
3
2,524
9,000
1226 Rathmoor Street, El Cajon, CA 92020
$530,000
3
2
1,967
13,477

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Listing Courtesy of houserebate.com, Brian Yui, DRE #01165628; Wellsford Realty, Kieu Tu, DRE #01353314

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