505 E Madison 85, El Cajon, California 92020, El Cajon, 92020 - 2 bed, 2 bath
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505 E Madison 85
El Cajon, California 92020
ACTIVE
CONDITION: GOOD
2Beds
2Baths
925Sq Ft
163,211Lot Size
Property Price
LIST PRICE$399,900
EST. MARKET VALUE
$385,561
3% AboveMARKET VALUE
SUMMARY
This Condominium represents a High-Potential Investment Opportunity, listed at $399,900—positioned above the $385,561 Fair Market Value. While the price reflects a premium, the property maintains a Condition Rating of 3, featuring a renovated Granite Kitchen and wood cabinetry. Residents enjoy a gated community with a Sparkling Swimming Pool. Despite lower-rated local schools, the unit offers a functional floor plan ideal for those seeking a move-in ready asset. This property is a strategic acquisition for Buy-and-Hold Investors or first-time buyers looking for a secure, low-maintenance lifestyle.
Estimated Market Value
$385,561
Based on Realkey algorithm analyzing recent comparable sales in El Cajon.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 E Madison 85 Subject 2 bd · 2 ba · 925 sqft · $417 | $399,900* List Price | 2 | 2 | 925 | $417 | - |
A 280 Roanoke Rd Sold 2 bd · 2 ba · 1,024 sqft · $351 · 0.2 mi | $359,500 | 2 | 2 | 1,024 | $351 | 0.2 mi |
B 188 S Lincoln Ave. 3 Sold 2 bd · 2 ba · 817 sqft · $447 · 0.5 mi | $365,000 | 2 | 2 | 817 | $447 | 0.5 mi |
C 180 Chambers Street 7 Sold 2 bd · 2 ba · 925 sqft · $481 · 0.7 mi | $445,000 | 2 | 2 | 925 | $481 | 0.7 mi |
D 272 Roanoke Road Sold 2 bd · 2 ba · 1,024 sqft · $371 · 0.2 mi | $380,000 | 2 | 2 | 1,024 | $371 | 0.2 mi |
E 455 Ballantyne St 21 Sold 2 bd · 2 ba · 925 sqft · $344 | $318,000 | 2 | 2 | 925 | $344 | - |
F 523 Graves 104 Sold 1 bd · 1 ba · 575 sqft · $522 · 0.2 mi | $299,999 | 1 | 1 | 575 | $522 | 0.2 mi |
G 550 Graves Ave Unit 20 Active 2 bd · 2 ba · 874 sqft · $445 · 0.3 mi | $389,000 List Price | 2 | 2 | 874 | $445 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1987 (37 years old), the property features a renovated kitchen with granite countertops and wood cabinetry, suggesting a mid-life update (5-15 years ago). The unit is well-maintained and move-in ready, though dated elements like popcorn ceilings and wall-mounted AC units are present.
PROSSTRENGTHS & OPPORTUNITIES
- Gated Community & Amenities
The property offers enhanced privacy and security within a gated complex, featuring well-maintained grounds and a community swimming pool for residents.
- Modern Kitchen Finishes
The kitchen is equipped with desirable granite countertops and wood cabinetry, providing a modern aesthetic and immediate move-in readiness.
- Competitive Entry-Level Pricing
Priced under $400,000, this condo represents an accessible entry point for first-time homebuyers or a turnkey opportunity for real estate investors.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $477 is a significant recurring expense that may impact the overall monthly affordability for budget-conscious buyers.
- Low School Ratings
The assigned public schools for this address have lower ratings (ranging from 2 to 3), which could be a drawback for families prioritizing educational performance.
About 505 E Madison 85
Discover the comfort, convenience, and added privacy of living in a gated community! This inviting 2-bedroom, 1.5-bath condo features a bright, spacious living area, a functional floor plan, and a dedicated dining space. The kitchen offers granite countertops, wood cabinetry, and a full appliance package. Both bedrooms feature ceiling fans and comfortable carpeting. Enjoy beautifully maintained community grounds, lush landscaping, and a sparkling swimming pool. An excellent opportunity for first-time buyers, those looking to downsize, or investors. Don't miss your chance to own in this gated community—schedule your showing today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 163,211 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $477.0 / Month
Neighborhood Insights
El Cajon Unified Schools
Naranca Elementary School
Grades K-5 • 0.7 mi
2/10
Cajon Valley Middle School
Grades 6-8 • 0.1 mi
3/10
El Cajon Valley High School
Grades 9-12 • 0.6 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 925 | 994.84 |
| Lot Size | 163,211 | 90,259.656 |
| Price | $399.9K | $437.0K |
| Price per sq ft | $432 | $441 |
| Built year | 1987 | 1984 |
| HOA | $477.0 | $428 |
| Days on market | 10 | 61 |
Pricing History
Listed for Sale
Oct 15, 2026
$399,900
Initial Listing
Sold
Aug 30, 2023
$400,000
Public Record
Sold
Aug 18, 2009
$92,000
Public Record
Sold
May 24, 2005
$256,000
Public Record