NOT LISTED FOR SALE

255 E Olive Ave Porterville, CA 93257

Porterville Southeast Neighborhood

Estimated Value: $747,340

3.86 Acres
$193,611 Price per Acre
168,142 Sq Ft Lot

Last Sold April 12, 2022

Last sale price $650,000

Est. 15% increase in value since last sale

Current estimated payment $4,207/month

435 Days on Market

About This Lot

As of April 2022

Unlimited Investment Opportunities with this Large Commercial Lot located in the Downtown Porterville area, across from the new court house. Property is zoned D-PO, which includes several uses. This prime piece of real estate is a rare find. Call for additional information or a private showing today!

Last Agent to Sell the Property

Mike Bennett

Home Realty & Land Co. License #00475779 Listed on: 09/03/2019

Last Buyer's Agent

Mike Bennett

Home Realty & Land Co. License #00475779 Listed on: 09/03/2019

Property Details

Property Type

  • Land

Lot Details

  • 3.86 Acre Lot
  • Lot Dimensions are 531.40' x 320.33' x 515.93' x 320.45'
  • Zoning described as D-PO

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 261130004000

Property Details

Property Type

Land

Lot Details

3.86 Acres

Listing Details

  • Property Sub Type: Commercial
  • Prop. Type: Land
  • Lot Size Acres: 3.86
  • Lot Size: 531.40' x 320.33' x 515.93' x 320.45'
  • Directions: From Main Street and Olive Avenue in Porterville, Ca; head east on Olive Avenue. Property is on the right before you get to Plano Street.
  • Special Features: None

Utilities

  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 168142.0
  • Additional Parcels: No
  • Parcel #: 261130004000
  • Zoning Description: D-PO
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2022
Sold by
Cornerstone Main Partners Ii Lp
Bought by
City Of Porterville
Current Estimated Value
$747,340

Purchase Details

Listed on
Sep 3, 2019
Closed on
Apr 14, 2022
Sold by
Plano Properties
Bought by
Cornerstone Main Partners Ii Lp
Seller's Agent
Mike Bennett
Home Realty & Land Co.
Buyer's Agent
Mike Bennett
Home Realty & Land Co.
List Price
$990,000
Sold Price
$650,000
Premium/Discount to List
-$340,000
-34.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.61%
Original Mortgage
$422,500
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2010
Sold by
Tulare County Junior Livestock Show & Co
Bought by
Plano Properties
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
City Of Porterville -- First American Title
Cornerstone Main Partners Ii Lp $650,000 First American Title
Plano Properties $40,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cornerstone Main Partners Ii Lp $422,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2022 04/12/22 Sold $650,000 -34.3% --
11/12/2020 11/12/20 Pending -- -- --
09/03/2019 09/03/19 For Sale $990,000 -- --
Source: Tulare County MLS

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 $3,294 $689,785 $689,785 --
2024 $3,294 -- -- --
2023 $3,294 -- -- --
2022 $3,294 $301,821 $301,821 $0
2021 $3,255 $295,903 $295,903 $0
2020 $3,220 $292,869 $292,869 $0
2019 $3,163 $287,126 $287,126 $0
2018 $3,106 $281,496 $281,496 $0
2017 $3,030 $275,976 $275,976 $0
2016 $2,908 $270,565 $270,565 $0
2015 $2,797 $266,501 $266,501 $0
2014 $2,797 $261,281 $261,281 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Bennett

    Seller's Agent in 2022

    Mike Bennett

    Home Realty & Land Co.

    (559) 359-0781

    8 in this area

    89 Total Sales

    Mike Bennett
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Map

Source: Tulare County MLS

MLS Number: 200188

Tulare County MLS

APN: 261-130-004-000

California Tulare County Porterville 93257 Porterville Southeast

255 E Olive Ave, Porterville, CA

Not Listed for Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Tulare County MLS Based on information from the Tulare County Association of REALTORS®. 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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