1124 Random Road

1124 Random Road

El Cajon, CA 92020

$510,000
Last Sold Price
191,664 / 4.4
Lot Size / Acres

Closed 4/13/22

Closed 4/13/22

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!
  1. Listed by Brian Yui • DRE #01165628 • Brokerage DRE #01272286 • houserebate.com
  2. Listed by Kieu Tu • DRE #01353314 • Wellsford Realty

Property Details for 1124 Random Road

View
City Lights, Neighborhood, Panoramic
Parking Spaces Total
0
Lot Size Source
Assessor
Assessor Parcel Number
493-392-02-00
Pool
No
View
Yes
Association
No
Association Fee
$.00

Location

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

Sold By Wellsford Realty, Brian Yui, DRE #01272286

Add your commute
LISTING UPDATED: 04/13/2022 11:11 AM

Property Details for 1124 Random Road

StatusClosed
MLS #NDP2200139
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size4.40 AC
CountySan Diego County

Location

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

Sold By Wellsford Realty, Brian Yui, DRE #01272286

Add your commute

Building Information for 1124 Random Road

Lot Size4.40 AC

Payment Calculator

$3,309 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,783

Property Taxes

$526

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1124 Random Road

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 History for 1124 Random Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1124 Random Road

Taxable ValueLand$520,200Additions-Total$520,200
Tax Record2023$6,314 ($526 / month)
Home Facts
Beds4Total Finished SqFt1,983 SqFtAbove Grade Finished SqFt1,983 SqFtLot Size191,664 SqFtStyleResidentialYear Built1950ZoningR-1:SINGLE FACountySAN DIEGOAPN493-392-02-00

Schools near 1124 Random Road

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

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

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