NOT LISTED FOR SALE

314 Lilly St Madera, CA 93638

East Madera Neighborhood

Estimated Value: $344,000 - $471,000

9 Beds
6 Baths
3,375 Sq Ft
$116/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $380,000 $113 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,260/month

About This Home

As of September 2023

Turn-key investment opportunity! Existing structure is a triplex, which offers 3 separate units each featuring 3 bedrooms, 2 bathrooms, and approximately 1,125 sqft, all on a 17,000 sqft lot. The structure was built and nearly finished in 2007 at which time there was a fire, which caused damage to the back two units. Sale includes the building plans for the remodel, which have been approved by the City of Madera and permits have been issued. Section 8 vouchers for 3 bedroom apartments are currently approaching $2,000 a month, with comparable rental properties renting for similar pricing. This is a rare value-add opportunity for an investor and/or developer looking to build equity and generate substantial cash flow through the completion of the existing triplex and the potential development of an ADU. Seller will consider selling neighboring vacant lot as well at an additional cost.

Last Agent to Sell the Property

Paul Tatarian

The Apex Broker, Inc License #02004998 Listed on: 09/08/2023

Last Buyer's Agent

Alex Salazar

RE/MAX Gold License #01723956

RE/MAX Gold

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.39 Acre Lot

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,375 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: Triplex
  • Price Per Square Foot: 112.59
  • Year Built Exception: Unknown
  • Stories: Two
  • Special Features: None

Interior Features

  • Fireplace: None
  • Bathrooms: 6.00
  • Bedrooms: 9
  • Square Footage: 3375.00

Exterior Features

  • Roofing: Composition
  • Exterior: Stucco
  • Foundation: Concrete Perimeter

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water, Public Sewer
  • Heat/Cool: None

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.3902
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 16996.00
  • Price Per Acre: 973859.56

Rental Info

  • TenantPays: None

Multi Family

  • IncomeIncludes: Other
  • Total Units: 3

MLS Schools

  • School District 2: Madera Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Aug 29, 2023
Sold by
Cedar Tree 1031 Llc and Birch Tree 1031 Llc
Bought by
Limitless Private Trust and Ladhar
Seller's Agent
Paul Tatarian
The Apex Broker, Inc
Buyer's Agent
Alex Salazar
RE/MAX Gold
List Price
$380,000
Sold Price
$380,000
Current Estimated Value
$391,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,667
Avg. Annual Appreciation
1.31%

Purchase Details

Closed on
Mar 28, 2001
Sold by
Efrain Garcia and Efrain Guadalupe
Bought by
Miranda Blanca E and Miranda Hugo

Purchase Details

Closed on
Nov 8, 2000
Sold by
Madera Irrigation District
Bought by
Garcia Efrain

Purchase Details

Closed on
Aug 25, 2000
Sold by
Efrain Garcia
Bought by
Madera Irrigation District
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
Limitless Private Trust $378,500 Orange Coast Title
Miranda Blanca E $25,000 Chicago Title Co
Garcia Efrain -- --
Madera Irrigation District -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2023 09/08/23 Sold $380,000 0.0% $113 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $380,000 -- $113 / 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 $2,564 $217,770 $115,770 $102,000
2023 $2,564 $188,700 $86,700 $102,000
2022 $614 $49,000 $49,000 $0
2021 $614 $49,000 $49,000 $0
2020 $631 $49,000 $49,000 $0
2019 $638 $49,000 $49,000 $0
2018 $603 $49,000 $49,000 $0
2017 $607 $49,000 $49,000 $0
2016 $604 $49,000 $49,000 $0
2015 $557 $49,000 $49,000 $0
2014 $530 $49,000 $49,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Paul Tatarian

    Seller's Agent in 2023

    Paul Tatarian

    The Apex Broker, Inc

    (559) 260-1763

    1 in this area

    156 Total Sales

    Paul Tatarian
    Section Image
  • Alex Salazar

    Buyer's Agent in 2023

    Alex Salazar

    RE/MAX

    (559) 232-5668

    34 in this area

    539 Total Sales

    Alex Salazar
    Section Image
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Map

Source: Fresno MLS

MLS Number: 601771

Fresno MLS

APN: 008-051-037

California Madera County Madera 93638 East Madera

314 Lilly St, Madera, CA

Not Listed for Sale

MultiFamily

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