NOT LISTED FOR SALE

308 E Cleveland Ave Madera, CA 93638

North Madera Neighborhood

Estimated Value: $335,000 - $448,000

5 Beds
4 Baths
2,016 Sq Ft
$183/Sq Ft Est. Value

Last Sold April 09, 2018

Last sale price $194,000 $96 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $2,144/month

11 Days on Market

About This Home

As of April 2018

Great Duplex in Madera. This property features two units on a corner lot. Unit one is a 3 bedroom, 2 bathroom unit with carpet renting for $1,000/month. Unit two is a 2 bedroom, 1 1/2 bathroom unit with carport renting for $700. Incoming producing property located near schools, shopping and more. Do not disturb tenant, call today for your private showing.

Last Agent to Sell the Property

Alex Salazar

RE/MAX Gold Brokerage Phone: 559-232-5668 License #01723956 Listed on: 01/29/2018

RE/MAX Gold

Last Buyer's Agent

Manny Mohammed

Manny Mohammed, Broker License #01418629

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,450 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Home Design

  • Property Attached

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Assessor Parcel Number 003103001

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $20,400
  • Net Operating Income $20,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 003103001
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 96.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6450.00
  • Lot Size Acres: 0.1481

Multi Family

  • Gross Income: 20400.00
  • Gross Scheduled Income: 20400.00
  • Lot Size Area: 6450.0000 Square Feet
  • Net Operating Income: 20400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 6.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2024
Sold by
Afzal Hena
Bought by
308 E Cleveland Trust and Mohammed
Current Estimated Value
$369,520

Purchase Details

Listed on
Jan 29, 2018
Closed on
Feb 27, 2018
Sold by
Lerma Ousvaldo
Bought by
Afzal Hena
Seller's Agent
Alex Salazar
RE/MAX Gold
Buyer's Agent
Manny Mohammed
Manny Mohammed, Broker
List Price
$199,000
Sold Price
$194,000
Premium/Discount to List
-$5,000
-2.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.68%

Purchase Details

Closed on
Jun 13, 2017
Sold by
Zendejas Reynaldo
Bought by
Lerma Ousvaldo

Purchase Details

Closed on
Dec 14, 2006
Sold by
Lerma Janeth
Bought by
Zendejas Reynaldo and Lerma Janeth

Purchase Details

Closed on
May 3, 2006
Sold by
Chavez Ralph D and Chavez Mary
Bought by
Lerma Janeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.62%
Mortgage Type
Unknown
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
308 E Cleveland Trust -- None Listed On Document
Afzal Hena $194,000 Old Republic Title Co
Lerma Ousvaldo $20,000 None Available
Lerma Ousvaldo -- None Available
Zendejas Reynaldo -- None Available
Lerma Janeth $225,000 Chicago Title Co
Lerma Janeth -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lerma Janeth $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2018 04/09/18 Sold $194,000 -2.5% $96 / Sq Ft
02/09/2018 02/09/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $199,000 -- $99 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $2,570 $220,733 $56,889 $163,844
2023 $2,570 $212,164 $54,681 $157,483
2022 $2,402 $208,005 $53,609 $154,396
2021 $2,357 $203,927 $52,558 $151,369
2020 $2,400 $201,837 $52,020 $149,817
2019 $2,383 $197,880 $51,000 $146,880
2018 $1,670 $146,812 $48,937 $97,875
2017 $1,604 $139,821 $46,607 $93,214
2016 $1,564 $137,079 $45,693 $91,386
2015 $1,483 $130,551 $43,517 $87,034
2014 $1,296 $119,772 $39,924 $79,848
Source: Public Records

Agents Affiliated with this Home

  • Alex Salazar

    Seller's Agent in 2018

    Alex Salazar

    RE/MAX

    (559) 232-5668

    37 in this area

    538 Total Sales

    Alex Salazar
    Section Image

  • M

    Buyer's Agent in 2018

    Manny Mohammed

    Manny Mohammed, Broker

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MD18021332

California Regional Multiple Listing Service (CRMLS)

APN: 003-103-001

California Madera County Madera 93638 North Madera

308 E Cleveland Ave, Madera, CA

Not Listed for Sale

MultiFamily

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