NOT LISTED FOR SALE

1675 E Sumner Ave Fresno, CA 93725

Estimated Value: $486,000 - $570,413

2 Beds
1 Bath
705,672 Sq Ft
$1/Sq Ft Est. Value

Sale Details

Date Sold: May 3, 2021

Last sale price $450,000 $1 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,266 / mo

1 Day on Market

About This Home

As of May 2021

Incredible investment opportunity in a prime agricultural area. The subject property is 16.2 acres (per tax records) with a well-kept home and Thompson vines. It has excellent water, with allocation from Fresno Irrigation District and a functioning well drilled to 300 feet in 2015 that's used for the irrigation and domestic. There's privacy with a gated entrance at the 2 bed/1.25 bath home, in addition to a garage area and workshop. There's also an outhouse, tuff shed, and barn area. Current production is estimated to be around 1-1.5 tons per acre. The sellers are requesting a life estate be agreed upon prior to the close of escrow, along with close of escrow to occur after 1/1/2021. Please do not drive on or by the property, contact the listing agent for further information. The property is sold in present condition with no upgrades being made by the seller.

Last Agent to Sell the Property

Brent Sarabian

London Properties, Ltd. License #01852908 Listed on: 05/19/2020

London Properties, Ltd.

Last Buyer's Agent

Brent Sarabian

London Properties, Ltd. License #01852908 Listed on: 05/19/2020

London Properties, Ltd.

Property Details

Property Type

  • Other

Year Built

  • Built in 1940

Lot Details

  • 16.2 Acre Lot

Home Design

  • Farm

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Property is located within a water district
  • Well
  • Septic Tank

Property Details

Property Type

Other

Year Built

Built in 1940

Lot Details

16.2 Acres

Listing Details

  • Type: Farm
  • Property Sub Type: Vineyard
  • Year Built Exception: 0
  • Special Features: None
  • Year Built: 1940

Interior Features

  • Bathrooms: 1.00
  • Bedrooms: 2
  • Bathrooms Display: 1

Utilities

  • Sewer Septic: Septic Tank
  • Utilities: Electricity Available
  • Water Source: Well, District Water Avail

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Topography: Level to Grade
  • Acres: 16.2000
  • Lot Measurement: Acres
  • Lot Size Sq Ft: 705672.00
  • Price Per Acre: 27777.78
  • Domestic Wells: One
  • Irrigation District: Fresno Irrigation District
  • Irrigation Wells: One
  • Major Crop Type: Thompson Seedless

Building Info

  • Year Built: 1940

MLS Schools

  • School District 2: 125
  • School Type: High School
  • School Name: Pacific Union
  • School Type: Junior High School
  • School Name: Pacific Union
  • School Type: Grade School
  • School Name: Pacific Union
  • Schools Comment: Buyer to verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2020
Closed on
Apr 25, 2021
Sold by
Rasmussen Glenn L and Rasmussen Shirley D
Bought by
Northington Bret J and Bret J Northington Living Trus
Seller's Agent
Brent Sarabian
London Properties, Ltd.
Buyer's Agent
Brent Sarabian
London Properties, Ltd.
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$528,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,207
Avg. Annual Appreciation
3.30%
Original Mortgage
$315,000
Outstanding Balance
$285,022
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$243,185
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Northington Bret J $450,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Northington Bret J $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2021 05/03/21 Sold $450,000 0.0% $1 / Sq Ft
05/20/2020 05/20/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $450,000 -- $1 / Sq Ft
Source: Fresno MLS

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 $5,046 $292,039 $169,725 $122,314
2023 $4,733 $287,932 $170,367 $117,565
2022 $4,112 $283,982 $168,722 $115,260
2021 $2,556 $153,621 $51,998 $101,623
2020 $2,314 $141,160 $51,465 $89,695
2019 $2,264 $138,393 $50,456 $87,937
2018 $2,213 $135,681 $49,467 $86,214
2017 $2,153 $133,023 $48,498 $84,525
2016 $2,021 $130,416 $47,548 $82,868
2015 $1,988 $128,458 $46,834 $81,624
2014 $1,966 $125,943 $45,917 $80,026
Source: Public Records

Agents Affiliated with this Home

  • Brent Sarabian

    Seller's Agent in 2021

    Brent Sarabian

    London Properties, Ltd.

    (559) 709-1668

    15 Total Sales

    Brent Sarabian
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Map

Source: Fresno MLS

MLS Number: 541789

Fresno MLS

APN: 335-100-27

California Fresno County Fresno 93725

1675 E Sumner Ave, Fresno, CA

Not Listed for Sale

Other

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