NOT LISTED FOR SALE

116 El Dorado Dr Madera, CA 93637

East Madera Neighborhood

Estimated Value: $291,000 - $416,000

4 Beds
2 Baths
1,998 Sq Ft
$180/Sq Ft Est. Value

Last Sold March 02, 2018

Last sale price $175,000 $88 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $2,114/month

22 Days on Market

About This Home

As of March 2018

INVESTMENT OPPORTUNITY! - Duplex situated on the southwest side of Madera. Excellent CASH FLOW potential. Tenants are paying under market rent. Subject property presents a good opportunity as an investor to purchase an asset with a tremendous value-add component by bringing the rents to market. Market rents create 9% CAP potential. Month-Month leases provide strong flexibility. Location provides easy access to Bethard Square Shopping Center, the High School, Elementary Schools and the Almond Avenue Medical Corridor.

Last Agent to Sell the Property

Jared Taubert

KW Coastal Estates License #01951078 Listed on: 01/29/2018

KW Coastal Estates

Last Buyer's Agent

Jared Taubert

KW Coastal Estates License #01951078 Listed on: 01/29/2018

KW Coastal Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Lot Details

  • 7,462

Parking

  • 2 Car Attached Garage

Home Design

  • 1,998 Sq Ft Home
  • Duplex
  • Slab Foundation
  • Composition Roof

Kitchen

  • Oven or Range
  • Dishwasher

Additional Features

  • Washer and Dryer Hookup
  • 7,462 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $12,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $820
  • Utility Expense $1,589
  • Operating Expense $4,095
  • Gross Income $12,600

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

7,462 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1998
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Kitchen: Dishwasher, Oven Range, Refrigerator
  • Living Sq Ft: 1998
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Common Parking Area, Covered Parking, Parking Area

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1713
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7460.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7460.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.89
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 820
  • Expenses Total: 4095
  • Expenses Utility: 1589
  • Income Annual Gross: 12600.00
  • Income Annual Rental: 12600
  • Income Gross Scheduled: 12600
  • Meters: Separate Other
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2018
Closed on
Feb 26, 2018
Sold by
Poythress Robert L and Poythress Carol K
Bought by
Vazquez Ramon and Torres Regina
Seller's Agent
Jared Taubert
KW Coastal Estates
Buyer's Agent
Jared Taubert
KW Coastal Estates
List Price
$175,000
Sold Price
$175,000
Current Estimated Value
$359,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,209
Avg. Annual Appreciation
9.32%

Purchase Details

Closed on
Oct 1, 2001
Sold by
Grange Joseph S and Grange Sharon F
Bought by
Poythress Robert L and Poythress Carol K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.84%
Mortgage Type
Seller Take Back
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
Vazquez Ramon $175,000 Chicago Title Co
Poythress Robert L $100,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Poythress Robert L $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2018 03/02/18 Sold $175,000 0.0% $88 / Sq Ft
02/21/2018 02/21/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $175,000 -- $88 / Sq Ft
Source: MLSListings

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 $2,322 $199,114 $45,510 $153,604
2023 $2,322 $191,385 $43,744 $147,641
2022 $2,171 $187,634 $42,887 $144,747
2021 $2,130 $183,956 $42,047 $141,909
2020 $2,169 $182,070 $41,616 $140,454
2019 $2,153 $178,500 $40,800 $137,700
2018 $1,481 $129,819 $25,959 $103,860
2017 $1,463 $127,274 $25,450 $101,824
2016 $1,427 $124,779 $24,951 $99,828
2015 $1,396 $122,906 $24,577 $98,329
2014 $1,304 $120,499 $24,096 $96,403
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jared Taubert

    KW Coastal Estates

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Map

Source: MLSListings

MLS Number: ML81690522

MLSListings

APN: 012-100-037

California Madera County Madera 93637 East Madera

116 El Dorado Dr, Madera, CA

Not Listed for Sale

MultiFamily

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