NOT LISTED FOR SALE

1844 Merced St Madera, CA 93638

North Madera Neighborhood

Estimated Value: $449,000 - $633,000

12 Beds
6 Baths
3,108 Sq Ft
$174/Sq Ft Est. Value

Last Sold May 09, 2018

Last sale price $325,000 $105 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,150/month

8 Days on Market

Highlights

  • 12,632 Sq Ft lot
  • Central Heating and Cooling System
  • Front Yard
  • Laundry Room

About This Home

As of May 2018

Nice triplex in Madera. Adjacent triplex also available. Each unit is 4 bedroom, 2 bath. Complex is walking distance to Monroe Elementary

Last Agent to Sell the Property

Paul Sobaje

Continental Realty License #00460783 Listed on: 03/15/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2004

Lot Details

  • 0.29 Acre Lot
  • Two or More Common Walls
  • Front Yard

Home Design

  • 3,108 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Parking Available

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • Laundry Room
  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 005110031

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $112
  • Insurance Expense $1,361
  • Maintenance Expense $6,186
  • Pest Control $270
  • Professional Management Expense $2,139
  • Water Sewer Expense $4,686
  • New Taxes Expense $3,380
  • Operating Expense $18,134
  • Gross Income $28,699
  • Net Operating Income $15,306

Property Details

Home Type

Multi-Family

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Professional Management Expense: 2139.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4686.00
  • Property Type: Residential Income
  • Parcel Number: 005110031
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 104.57

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Pest Control Expense: 270.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 12632.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 112.00
  • Gross Income: 28699.00
  • Gross Operating Income: 28699.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 1361.00
  • Maintenance Expense: 6186.00
  • Net Operating Income: 15306.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 13393.00
  • Rent Control: No
  • Total Expenses: 18134.00

Tax Info

  • New Taxes Expense: 3380.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2021
Sold by
Barn Gurmit
Bought by
Gsbarn Properties Llc
Current Estimated Value
$535,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$205,305
Interest Rate
2.99%
Mortgage Type
Commercial
Estimated Equity
$336,260

Purchase Details

Listed on
Mar 15, 2018
Closed on
May 9, 2018
Sold by
Sarbjit Johal Trust
Bought by
Barn Gurmit
Seller's Agent
Paul Sobaje
Continental Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$338,000
Sold Price
$325,000
Premium/Discount to List
-$13,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$211,250
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2016
Sold by
Johal Sarbjit S
Bought by
Johal Sarbjit Singh and The Sarbjit Johal Trust

Purchase Details

Closed on
Jan 3, 2005
Sold by
Russo Antone and Russo Anne
Bought by
Johal Sarbjit S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 17, 2004
Sold by
Johal Kiranpreet Kaur
Bought by
Johal Sarbjit S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 2, 2004
Sold by
Marathon Properties
Bought by
Russo Antone and Russo Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,257
Interest Rate
5.82%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 7, 2003
Sold by
Rangel Peter
Bought by
Marathon Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gsbarn Properties Llc -- North American Title Co Inc
Barn Gurmit $325,000 Chicago Title
Johal Sarbjit Singh -- None Available
Johal Sarbjit S $388,000 Fidelity
Johal Sarbjit S -- Fidelity
Russo Antone $275,000 Fidelity
Marathon Properties Llc $32,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gsbarn Properties Llc $225,000
Closed Barn Gurmit $211,250
Previous Owner Johal Sarbjit S $270,000
Previous Owner Russo Antone $206,257
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2018 05/09/18 Sold $325,000 -3.8% $105 / Sq Ft
03/15/2018 03/15/18 For Sale $338,000 -- $109 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,230 $369,788 $63,147 $306,641
2023 $4,262 $355,431 $60,696 $294,735
2022 $3,981 $348,462 $59,506 $288,956
2021 $3,906 $341,631 $58,340 $283,291
2020 $3,978 $338,129 $57,742 $280,387
2019 $3,949 $331,500 $56,610 $274,890
2018 $2,856 $255,000 $68,000 $187,000
2017 $2,449 $217,000 $68,000 $149,000
2016 $2,436 $217,000 $68,000 $149,000
2015 $2,465 $217,000 $68,000 $149,000
2014 $2,251 $208,000 $57,000 $151,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Paul Sobaje

    Continental Realty

    Section Image

  • N

    Buyer's Agent in 2018

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    8 in this area

    6,212 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MD18063515

California Regional Multiple Listing Service (CRMLS)

APN: 005-110-031

California Madera County Madera 93638 North Madera

1844 Merced St, Madera, CA

Not Listed for Sale

MultiFamily

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