$150,000
SOLD DEC 11, 2024
0.34 Acre
$435,540 Price per Acre
15,002 Sq Ft Lot

Recently Sold

$10 Per Sq Ft

49% Below List Price

363 Days on Market

Highlights

  • 0.34 Acre Lot
  • Corner Lot
  • 5-minute walk to Cultural Arts District Park

About This Lot

As of December 2024

Price reduced and seller-financing is available!Available for purchase is a prime downtown Fresno vacant lot with existing utilities, development incentives, and high-density zoning. The property is in close proximity to key establishments such as the Community Regional Medical Center, courthouse, law firms, non-profit organizations, educational facilities, religious institutions, residential areas, green spaces, and bustling retail hubs.2427 Stanislaus St. lies within a designated inner-city area, meaning the City of Fresno planning and development fees are reduced by 50%. The lot is situated within an Opportunity Zone, increasing its possible investment incentives. The property is classified as DTN zoning, Activity Class C, offering a broad spectrum of zoning possibilities, including high-density development with allowances for structures of up to 15 stories. There are no parking spaces requirements for non-residential uses and reduced parking space requirements for residential uses. The surrounding market area is currently experiencing significant redevelopment. Now is the time to invest in Downtown!

Last Agent to Sell the Property

Ronald Stumpf

Stumpf And Company License #00533442 Listed on: 12/07/2023

Last Buyer's Agent

Ronald Stumpf

Stumpf And Company License #00533442 Listed on: 12/07/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,672

Lot Details

  • 0.34 Acre Lot
  • Property fronts an interstate
  • Corner Lot
  • Level Lot
  • Property is zoned DTN, Activity Class C

Property Details

Property Type

Land

Est. Annual Taxes

$1,672

Lot Details

0

Listing Details

  • Type: Land
  • Property Sub Type: Commercial
  • Property Sub Type 2: Retail
  • Property Sub Type 3: Apartment
  • Improvements: Street Lights, Sidewalks, Curbs/Gutters
  • Accessibility: City Street, State Highway, Freeway
  • Special Features: None

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water, Public Sewer

Condo/Co-op/Association

  • Association: Fresno MLS

Association/Amenities

  • Site Amenities: Corner

Lot Info

  • Acres: 0.3444
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 15000.00
  • Price Per Acre: 435540.07
  • Potential Use: Residential, Multi Family, Commercial, Manufacturing, Office, Retail, Motel/Hotel
  • Land Description: Less than 1 Acre, Level

MLS Schools

  • School District 2: Fresno Unified
  • School Type: High School
  • School Name: Roosevelt
  • School Type: Junior High School
  • School Name: Tehipite
  • School Type: Grade School
  • School Name: Jefferson
  • Schools Comment: Buyer to verify.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2023
Closed on
Dec 2, 2024
Sold by
Jenkins Family Trust and Jenkins Carol Jean
Bought by
Singh Nirbhai
Seller's Agent
Ronald Stumpf
Stumpf And Company
Buyer's Agent
Ronald Stumpf
Stumpf And Company
List Price
$295,000
Sold Price
$150,000
Premium/Discount to List
-$145,000
-49.15%
Views
144
Current Estimated Value
$152,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,748
Avg. Annual Appreciation
2.31%
Original Mortgage
$112,500
Outstanding Balance
$111,806
Interest Rate
6.72%
Mortgage Type
Seller Take Back
Estimated Equity
$40,613

Purchase Details

Closed on
Nov 14, 2023
Sold by
Jenkins Carol Jean
Bought by
Jenkins Family Trust and Jenkins

Purchase Details

Closed on
Jan 31, 2019
Sold by
Jenkins Carol Jean and Jenkins Margaret Mingle
Bought by
Jenkins Carol Jean and Estate Of Margaret Patricia Ha

Purchase Details

Closed on
May 8, 2006
Sold by
Mingle Margaret A and Mingle Margaret
Bought by
Mingle Margaret A and Margaret Mingle Family Trust
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 $150,000 Old Republic Title Company
Grant Deed $150,000 Old Republic Title Company
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $112,500 Seller Take Back
Closed $112,500 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Sold $150,000 -45.5% $10 / Sq Ft
12/04/2024 12/04/24 Pending -- -- --
06/18/2024 06/18/24 Price Changed $275,000 -6.8% $18 / Sq Ft
12/07/2023 12/07/23 For Sale $295,000 -- $20 / Sq Ft
Source: Fresno 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 $1,672 $150,000 $150,000 --
2023 $1,641 $123,667 $123,667 $0
2022 $1,620 $121,243 $121,243 $0
2021 $1,577 $118,866 $118,866 $0
2020 $1,571 $117,648 $117,648 $0
2019 $1,513 $115,342 $115,342 $0
2018 $1,481 $113,081 $113,081 $0
2017 $1,457 $110,864 $110,864 $0
2016 $1,411 $108,691 $108,691 $0
2015 $1,390 $107,059 $107,059 $0
2014 $1,367 $104,962 $104,962 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Fresno MLS

MLS Number: 605555

Fresno MLS

APN: 466-074-06