NOT LISTED FOR SALE

1118 Washington Ave Madera, CA 93638

East Madera Neighborhood

Estimated Value: $432,496 - $537,000

7 Beds
2.5 Baths
2,644 Sq Ft
$185/Sq Ft Est. Value

Last Sold February 27, 2023

Last sale price $320,000 $121 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,927/month

61 Days on Market

Highlights

  • Fenced Yard
  • Central Air
  • Garage
  • 1-Story Property

About This Home

As of February 2023

This is a great potential income producing property for most any investor looking to add to their portfolio. Located not far from the 99 it is a great location for people who need to travel around the Madera and Fresno County area. One until has 4 bedroom and 1.5 bathrooms. The second unit has 3 bedrooms and 1 bathroom. Both units have a one car garage as well as driveway parking. Washer hookup is also at each unit. This home will not last so call your agent to get more information today.

Last Agent to Sell the Property

Alejandra Charest

Realty Concepts, Ltd. - Fresno License #01914175 Listed on: 11/10/2022

Realty Concepts, Ltd. - Fresno

Co-Listed By

Rene Charest

Realty Concepts, Ltd. - Fresno License #01988138

Last Buyer's Agent

Alejandra Charest

Realty Concepts, Ltd. - Fresno License #01914175 Listed on: 11/10/2022

Realty Concepts, Ltd. - Fresno

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1997

Lot Details

  • 7,557 Sq Ft Lot
  • Fenced Yard

Parking

  • Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,644 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2.5 Bathrooms

Utilities

  • Central Air

Community Details

  • 2 Units
  • Gross Income $22,800

Listing and Financial Details

  • Tenant pays for all utilities, gas, water, sewer

Property Details

Home Type

Multi-Family

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: Duplex
  • Price Per Square Foot: 121.03
  • Year Built Exception: 0
  • Stories: One
  • Special Features: None
  • Year Built: 1997

Interior Features

  • Fireplace: None
  • Bathrooms: 2.50
  • Bedrooms: 7
  • Square Footage: 2644.00

Exterior Features

  • Yard: Fenced, Mature Landcsape
  • Roofing: Composition
  • Exterior: Stucco
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Garage, One Space per Unit

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water
  • Heat/Cool: Central Heat/Cool

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.1735
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 7557.00
  • Price Per Acre: 1844380.40

Building Info

  • Year Built: 1997

Rental Info

  • TenantPays: All Utilities, Gas, Water, Sewer

Multi Family

  • Annual Income: 22800.00
  • IncomeIncludes: Unit Rent, Month to Month
  • Total Units: 2

MLS Schools

  • School District 2: Madera Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2022
Closed on
Feb 20, 2023
Sold by
Edward E Campbell Revocable Trust
Bought by
Chavez Joya Roberto
Seller's Agent
Alejandra Charest
Realty Concepts, Ltd. - Fresno
Buyer's Agent
Alejandra Charest
Realty Concepts, Ltd. - Fresno
List Price
$390,000
Sold Price
$320,000
Premium/Discount to List
-$70,000
-17.95%
Views
51
Current Estimated Value
$490,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,374
Avg. Annual Appreciation
16.16%
Original Mortgage
$240,000
Outstanding Balance
$232,206
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$258,168

Purchase Details

Closed on
Dec 21, 2017
Sold by
Jones Charles A
Bought by
Charles A Jones Trust

Purchase Details

Closed on
Dec 22, 2005
Sold by
Jones Charles
Bought by
Jones Charles A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chavez Joya Roberto $320,000 Placer Title
Chavez Joya Roberto -- Placer Title
Charles A Jones Trust -- --
Jones Charles A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Joya Roberto $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2023 02/27/23 Sold $320,000 -15.6% $121 / Sq Ft
01/10/2023 01/10/23 Pending -- -- --
12/05/2022 12/05/22 Price Changed $379,000 -2.8% $143 / Sq Ft
11/10/2022 11/10/22 For Sale $390,000 -- $148 / Sq Ft
Source: Fresno MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,344 $374,544 $72,828 $301,716
2023 $4,344 $167,967 $17,672 $150,295
2022 $1,908 $164,675 $17,326 $147,349
2021 $1,873 $161,447 $16,987 $144,460
2020 $1,907 $159,792 $16,813 $142,979
2019 $1,893 $156,660 $16,484 $140,176
2018 $1,747 $153,589 $16,161 $137,428
2017 $1,727 $150,579 $15,845 $134,734
2016 $1,684 $147,628 $15,535 $132,093
2015 $1,652 $145,411 $15,302 $130,109
2014 $1,543 $142,564 $15,003 $127,561
Source: Public Records

Agents Affiliated with this Home

  • Alejandra Charest

    Seller's Agent in 2023

    Alejandra Charest

    Realty Concepts, Ltd. - Fresno

    (559) 417-4798

    2 in this area

    145 Total Sales

    Alejandra Charest
    Section Image
  • Rene Charest

    Seller Co-Listing Agent in 2023

    Rene Charest

    Realty Concepts, Ltd. - Fresno

    (559) 907-7387

    2 in this area

    90 Total Sales

    Rene Charest
    Section Image
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Map

Source: Fresno MLS

MLS Number: 587422

Fresno MLS

APN: 008-061-025

California Madera County Madera 93638 East Madera

1118 Washington Ave, Madera, CA

Not Listed for Sale

MultiFamily

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