NOT LISTED FOR SALE

505 W Olive Ave Madera, CA 93637

West Madera Neighborhood

Estimated Value: $302,000 - $389,485

3 Beds
2.5 Baths
1,763 Sq Ft
$197/Sq Ft Est. Value

Last Sold November 26, 2018

Last sale price $210,000 $119 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $2,047/month

8 Days on Market

Highlights

  • RV or Boat Parking
  • Ranch Style House
  • Ground Level Unit
  • Fruit Trees
  • Corner Lot
  • Mature Landscaping

About This Home

As of November 2018

Whether you are looking for your home or your next investment, this one's priced to sell and features 3 large bedrooms, 3 baths, newer MILGARD dual pane vinyl windows and OWNED SOLAR by SunPower on a huge 12,000+ sq ft lot. You'll appreciate the spacious great room with picture window, raised brick hearth and wood-burning fireplace. The screened veranda patio looks out to the back yard and is complete with a built-in barbque. The kitchen offers a garden window and plenty of built-in cabinets with pull-out drawers, built-in electric range, newer dishwasher, disposal and breakfast bar. In addition, the property has plenty of storage with two attached garages and a garage sized workshop area with a 3/4 bath, laundry room, potential RV parking and alley access. Call today to schedule your private showing. The sellers will consider all reasonable offers.

Last Agent to Sell the Property

Marcia Russell

London Properties, Ltd. License #01207380 Listed on: 10/04/2018

London Properties, Ltd.

Last Buyer's Agent

Michele Stephens

HomeSmart PV and Associates License #01267937

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 0.28 Acre Lot
  • Fenced Yard
  • Mature Landscaping
  • Corner Lot
  • Front Yard Sprinklers
  • Fruit Trees
  • Garden

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,763 Sq Ft Home
  • Fireplace Features Masonry
  • Double Pane Windows
  • Formal Dining Room

Kitchen

  • Breakfast Bar
  • Dishwasher
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2.5 Bathrooms
  • Bathtub
  • Separate Shower

Laundry

  • Laundry in Garage
  • Electric Dryer Hookup

Parking

  • Automatic Garage Door Opener
  • RV or Boat Parking

Additional Features

  • Enclosed Patio or Porch
  • Ground Level Unit
  • Central Heating and Cooling System

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Ranch
  • Price Per Square Foot: 119.12
  • Year Built Exception: 0
  • Number Of Stories: Single Story
  • Unit Description: Ground Floor
  • Special Features: None
  • Stories: 1
  • Year Built: 1960

Interior Features

  • Fireplace Type: Masonry
  • Number Of Fireplaces: 1
  • Flooring: Tile, Vinyl, Other
  • Bathrooms: 2.50
  • Bedrooms: 3
  • Bathroom Features: Shower, Tub
  • Dining Room Features: Formal
  • Kitchen: Built In Range/Oven, Electric Appliances, Disposal, Dishwasher, Breakfast Bar
  • Laundry: In Garage, Utility Room, Electric Hook Up
  • Basement: None
  • Square Footage: 1763.00

Exterior Features

  • Yard: Sprinklers Front, Sprinklers Auto, Fenced, Mature Landscape, Fruit/Nut Trees, Garden Area, Drip System
  • Roofing: Composition
  • Exterior: Stucco, Wood, Brick
  • Foundation: Both
  • Patio: Covered, Enclosed, Brick, Concrete, Screened
  • Pool: No

Garage/Parking

  • Parking Features: Existing RV Parking, Uncovered, Work/Shop Area, Auto Opener

Utilities

  • Heating And Cooling: Central Heat & Cool
  • 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: 0.2792
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 12161.00
  • Price Per Acre: 752149.00

Green Features

  • Energy Efficiency: Dual Pane Windows

Building Info

  • Year Built: 1960

MLS Schools

  • School District 2: Madera Unified
  • School Type: High School
  • School Name: Madera
  • School Type: Junior High School
  • School Name: Thomas Jefferson
  • School Type: Grade School
  • School Name: Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2018
Closed on
Oct 17, 2018
Sold by
Berkebile Teresa M
Bought by
Lucero Zechariah B and Zuniga Vanessa
Seller's Agent
Marcia Russell
London Properties, Ltd.
Buyer's Agent
Michele Stephens
HomeSmart PV and Associates
List Price
$210,000
Sold Price
$210,000
Current Estimated Value
$347,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,871
Avg. Annual Appreciation
7.36%
Original Mortgage
$206,196
Outstanding Balance
$182,589
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$165,282

Purchase Details

Closed on
Jul 7, 2010
Sold by
Morin Linda and Dolores H Marmolejo Trust
Bought by
Berkebile Teresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,505
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
May 1, 2003
Sold by
Mamolejo Dolores H and Dolores H Marmolejo Trust
Bought by
City Of Madera

Purchase Details

Closed on
Aug 24, 2001
Sold by
Marmolejo Dolores
Bought by
Marmolejo Dolores H
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
Lucero Zechariah B $210,000 Placer Title Co
Berkebile Teresa M $105,000 Placer Title Company
City Of Madera -- Chicago Title
Marmolejo Dolores H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lucero Zechariah B $206,196
Previous Owner Berkebile Teresa M $103,505
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2018 11/26/18 Sold $210,000 0.0% $119 / Sq Ft
10/12/2018 10/12/18 Pending -- -- --
10/04/2018 10/04/18 For Sale $210,000 -- $119 / 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 $2,755 $234,252 $44,617 $189,635
2023 $2,755 $225,158 $42,886 $182,272
2022 $2,577 $220,745 $42,046 $178,699
2021 $2,530 $216,418 $41,222 $175,196
2020 $2,575 $214,200 $40,800 $173,400
2019 $2,557 $210,000 $40,000 $170,000
2018 $1,300 $118,110 $45,037 $73,073
2017 $1,283 $115,795 $44,154 $71,641
2016 $1,251 $113,526 $43,289 $70,237
2015 $1,191 $111,821 $42,639 $69,182
2014 $1,110 $109,631 $41,804 $67,827
Source: Public Records

Agents Affiliated with this Home

  • Marcia Russell

    Seller's Agent in 2018

    Marcia Russell

    London Properties, Ltd.

    (559) 994-2042

    19 Total Sales

    Marcia Russell
    Section Image
  • Michele Stephens

    Buyer's Agent in 2018

    Michele Stephens

    HomeSmart PV and Associates

    (559) 284-7709

    3 in this area

    57 Total Sales

    Michele Stephens
    Section Image
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Map

Source: Fresno MLS

MLS Number: 511464

Fresno MLS

APN: 010-201-004

California Madera County Madera 93637 West Madera

505 W Olive Ave, Madera, CA

Not Listed for Sale

Detached

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