NOT LISTED FOR SALE

1844 Merced St Madera, CA 93638

North Madera Neighborhood

Estimated Value: $473,000 - $636,000

12 Beds
6 Baths
3,108 Sq Ft
$187/Sq Ft Est. Value

Sale Details

Date Sold: May 9, 2018

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

Est. 78% increase in value since last sale

Current estimated payment $3,492 / mo

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

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2004

Lot Details

  • 12,632 Sq Ft 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

0.29 Acres

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
$580,056

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
$374,751

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
General NONMEMBER
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
7.50%
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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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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

  • G

    Buyer's Agent in 2018

    General NONMEMBER

    NONMEMBER MRML

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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

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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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