NOT LISTED FOR SALE

Estimated Value: $445,000 - $546,716

6 Beds
3 Baths
2,676 Sq Ft
$193/Sq Ft Est. Value

Last Sold July 24, 2018

Last sale price $335,000 $125 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,069/month

5 Days on Market

Highlights

  • A-Frame Home
  • Tile Flooring
  • Ceiling Fan
  • Attached Garage
  • Forced Air Heating and Cooling System
  • 1-Story Property

About This Home

As of July 2018

Great Investment property. This three unit single story building has good income and long term tenants. Good cash flow with low expenses. Located on the west side of Madera close to shopping and the freeways. Local management potential is available. Pest and Home inspection reports have been completed. Please do not disturb tenants. The 6-plex property next door is also for sale and can be purchased along with this listing as a package - see ML81710823

Last Agent to Sell the Property

John Kunz

Intero Real Estate Services License #01250297 Listed on: 06/18/2018

Intero Real Estate Services

Co-Listed By

Ferreira Kunz Group

Intero Real Estate Services License #00963855

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Lot Details

  • 7,514 Sq Ft Lot

Home Design

  • Triplex
  • A-Frame Home
  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof
  • Clay Roof

Interior Spaces

  • 2,676 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • No Floor Coverings
  • Tile
  • Vinyl

Parking

  • Attached Garage
  • 4 Carport Spaces

Utilities

  • Forced Air Heating and Cooling System
  • Private Sewer

Listing and Financial Details

  • Total Actual Rent $23,400

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $800
  • Insurance Expense $812
  • Maintenance Expense $158
  • Utility Expense $2,625
  • Trash Expense $100
  • Operating Expense $8,551
  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

0

Listing Details

  • Zoning: Unknown
  • Subclass: Triplex
  • Style: A-Frame, Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2676
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Living Sq Ft: 2676
  • Stories: 1
  • Flooring: Carpet, Tile, Unfinished, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Clay, Composition

Garage/Parking

  • Garage Parking Features: Attached Garage, Carport
  • Carport Min: 4

Utilities

  • Cooling System: Ceiling Fan, Central Ac
  • Heating System: Central Forced Air, Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Private, Sewer - Public

Lot Info

  • Lot Acres: 0.1725
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7516.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7516.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 13.54
  • Number Of Leased: 3

Multi Family

  • Utilities: Available - Not On Site, Public Utilities
  • Expense Insurance: 812
  • Expense Landscape: 800
  • Expense Maintenance: 158
  • Expenses Total: 8551
  • Expenses Utility: 2625
  • Expense Trash: 100
  • Income Annual Gross: 24000.00
  • Income Annual Rental: 23400
  • Income Gross Scheduled: 24000
  • Income Includes: Coin Operated Equip
  • Income Other: 600
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Exterminator, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2018
Closed on
Jul 20, 2018
Sold by
Breen Christine O
Bought by
Poythress Robert L and Poythress Carol K
Seller's Agent
John Kunz
Intero Real Estate Services
Buyer's Agent
RECIP
Out of Area Office
List Price
$325,000
Sold Price
$335,000
Premium/Discount to List
$10,000
3.08%
Current Estimated Value
$516,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,929
Avg. Annual Appreciation
6.01%

Purchase Details

Closed on
Nov 15, 2017
Sold by
Ruiz Anthony
Bought by
Ruiz Anthony

Purchase Details

Closed on
Dec 28, 2000
Sold by
Ruiz Kathleen Zanger
Bought by
Ruiz Anthony C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.98%
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
Poythress Robert L $335,000 Orange Coast Title Co
Ruiz Anthony -- None Available
Ruiz Anthony C -- Chicago Title Co
Ruiz Anthony C $325,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ruiz Anthony C $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2018 07/24/18 Sold $335,000 +3.1% $125 / Sq Ft
06/24/2018 06/24/18 Pending -- -- --
06/18/2018 06/18/18 For Sale $325,000 -- $121 / Sq Ft
Source: MLSListings

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 $4,334 $373,694 $41,830 $331,864
2023 $4,334 $359,184 $40,206 $318,978
2022 $4,050 $352,142 $39,418 $312,724
2021 $3,974 $345,239 $38,646 $306,593
2020 $4,047 $341,700 $38,250 $303,450
2019 $4,017 $335,000 $37,500 $297,500
2018 $1,604 $140,863 $26,081 $114,782
2017 $1,586 $138,102 $25,570 $112,532
2016 $1,547 $135,395 $25,069 $110,326
2015 $1,223 $107,650 $23,343 $84,307
2014 $1,165 $107,650 $23,343 $84,307
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81710815

MLSListings

APN: 010-052-014