NOT LISTED FOR SALE

1435 Madison Ct Merced, CA 95348

North Merced Neighborhood
5 Beds
4 Baths
2,200 Sq Ft
6,930 Sq Ft Lot

Last Sold March 14, 2024

Last sale price $468,000 $213 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System
  • Neighborhood Views
  • Tile Flooring
  • 1-Story Property

About This Home

As of March 2024

OPPORTUNITY KNOCKS!! Current rent is $3304.00 (will be $3473 beginning April 1, 2024; no foolin'). This is a great opportunity to add to your real estate portfolio or to start one... Or live in one unit and rent the other as your primary residence. This is another way to invest in your future. There is never a problem keeping them rented. One side is a 3 bedroom, 2 bath and the other is a 2 bedroom, 2 bath. They both have 2 car attached garages and a back yard. One of the units was recently renovated. They are in close proximity to 2 major shopping centers, including Food Maxx and Food 4 Less. Don't miss this opportunity!

Last Agent to Sell the Property

Jeff Lawry

London Properties Ltd - Merced Brokerage Phone: 209-261-8969 License #01310152 Listed on: 02/07/2024

London Properties Ltd - Merced

Last Buyer's Agent

Luis Damian

First 1st Choice Realty Group License #02140733

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990 | Remodeled

Lot Details

  • 6,930 Sq Ft Lot
  • 1 Common Wall

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Duplex
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 2,200 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Neighborhood Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 36
  • Assessor Parcel Number 058181022000
  • $152 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $865
  • Water Sewer Expense $2,280
  • Operating Expense $3,145
  • Gross Income $39,648
  • Net Operating Income $34,510

Property Details

Home Type

Multi-Family

Year Built

Built in 1990 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2280.00
  • Zoning: P-D
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 058181022000
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 212.73

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6930.00
  • Lot Size Acres: 0.1591

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 39648.00
  • Gross Scheduled Income: 39648.00
  • Insurance Expense: 865.00
  • Lot Size Area: 6930.0000 Square Feet
  • Net Operating Income: 34510.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 5138.00
  • Rent Control: No
  • Total Actual Rent: 3304.00
  • Total Expenses: 3145.00

Tax Info

  • Tax Census Tract: 10.03
  • Tax Lot: 36
  • TaxOtherAnnualAssessmentAmount: 152.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2024 03/14/24 Sold $468,000 +3.5% $213 / Sq Ft
02/14/2024 02/14/24 Pending -- -- --
02/07/2024 02/07/24 For Sale $452,000 -- $205 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeff Lawry

    Seller's Agent in 2024

    Jeff Lawry

    London Properties Ltd - Merced

    (209) 261-8969

    58 in this area

    141 Total Sales

    Jeff Lawry
    Section Image

  • L

    Buyer's Agent in 2024

    Luis Damian

    First 1st Choice Realty Group

    (209) 316-2628

    2 in this area

    14 Total Sales

    Luis Damian
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC24026749

California Regional Multiple Listing Service (CRMLS)

APN: 058-181-022

California Merced County Merced 95348 North Merced

1435 Madison Ct, Merced, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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