$725,000
SOLD OCT 8, 2024

23732 Magnolia Ave Terra Bella, CA 93270

16 Beds
8 Baths
5,600 Sq Ft
7,061 Sq Ft Lot

Recently Sold

$129 Per Sq Ft

11 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • 1-Story Property
  • Evaporated cooling system

About This Home

As of October 2024

Now for sale in Terra Bella! These residential income-producing buildings comprise 8 units total, each with 2 bedrooms and 1 bathroom. Laundry is on-site and centrally located in town. Take advantage of this rare opportunity to invest in Terra Bella today!

Last Agent to Sell the Property

Gerardo Gonzalez

Century 21 Jordan-Link/Porterville Morton 878 License #01034573 Listed on: 08/09/2024

Century 21 Jordan-Link/Porterville Morton 878

Last Buyer's Agent

Mark Avedian

Avedian Properties Company License #01795198

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,377

Lot Details

  • 7,061 Sq Ft Lot
  • 320-162-025-000

Home Design

  • Composition Roof

Interior Spaces

  • 5,600 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • No Garage
  • Alley Access

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for water, trash collection
  • Assessor Parcel Number 320162024000
  • Seller Considering Concessions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,377

Lot Details

0

Listing Details

  • Property Sub Type: 5+ Units
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Lot Size: Irregular
  • Directions: From Highway 65 going south from Porterville, turn left at Avenue 95 stoplight and go east. Turn right on Rd. 236, and then turn left on Magnolia Ave. Property will be on the left.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1000
  • ResoBuildingAreaSource: Estimated
  • Special Features: None
  • Stories: 1

Interior Features

  • Owner Pays: Water, Trash Collection
  • Total Bedrooms: 16

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: Alley Access
  • General Information:Garage: No
  • Parking Features:Alley Access: Yes

Utilities

  • Laundry Features: Common Area
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 7061.0
  • Additional Parcels Description: 320-162-025-000
  • Additional Parcels: Yes
  • Parcel #: 320162024000
  • ResoLotSizeUnits: Acres

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2024
Closed on
Sep 6, 2024
Sold by
Guenther Living Trust and Jensen Stefani Louise
Bought by
Bautista Victor and Pereda Jennifer Rodriguez
Seller's Agent
Gerardo Gonzalez
Century 21 Jordan-Link/Porterville Morton 878
Buyer's Agent
Mark Avedian
Avedian Properties Company
List Price
$725,000
Sold Price
$725,000
Views
16
Current Estimated Value
$368,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$357,000
Avg. Annual Appreciation
-51.13%
Original Mortgage
$271,875
Outstanding Balance
$269,337
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$103,163

Purchase Details

Closed on
Jun 1, 2001
Sold by
Guenther Edward D
Bought by
Guenther Edward D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
7.14%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $362,500 Stewart Title Of California
Interfamily Deed Transfer -- First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $271,875 New Conventional
Previous Owner $210,000 New Conventional
Previous Owner $97,500 Unknown
Previous Owner $71,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Sold $725,000 0.0% $129 / Sq Ft
08/20/2024 08/20/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $725,000 -- $129 / Sq Ft
Source: Tulare County MLS

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 $1,377 $362,500 $45,000 $317,500
2024 $1,377 $132,624 $22,103 $110,521
2023 $1,383 $130,024 $21,670 $108,354
2022 $1,327 $127,476 $21,246 $106,230
2021 $1,317 $124,976 $20,829 $104,147
2020 $1,303 $123,694 $20,615 $103,079
2019 $1,289 $121,269 $20,211 $101,058
2018 $1,284 $118,891 $19,815 $99,076
2017 $1,266 $116,559 $19,426 $97,133
2016 $1,209 $114,273 $19,045 $95,228
2015 $1,148 $112,557 $18,759 $93,798
2014 $1,148 $110,353 $18,392 $91,961
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tulare County MLS

MLS Number: 230741

Tulare County MLS

APN: 320-162-025-000