NOT LISTED FOR SALE

507 E K Ave Visalia, CA 93292

Southeast Visalia Neighborhood

Estimated Value: $486,797

0.86 Acre
$566,043 Price per Acre
37,462 Sq Ft Lot

Last Sold December 10, 2024

Last sale price $100,000 $3 Per Sq Ft

Est. 387% increase in value since last sale

Current estimated payment $2,811/month

211 Days on Market

Highlights

  • 0.86 Acre Lot
  • Corner Lot
  • No HOA

About This Lot

As of December 2024

Perfect location for gas station/c-store or a neighborhood market with room for additional QSRs or other service or retail businesses. SELLER HAS DRAWINGS FOR 16 RESIDENTIAL UNITS, CALL FOR MORE DETAILS!!!

Priced at $11.25/SF for a prime corner lot with great visibility makes this a terrific deal. Property was previously a 2 MPD station/c-store and was demolished. Property is ready to build and will help provide much needed services to the growing residential neighborhoods as well as the growing traffic along Santa Fe Avenue. Drive by and make an offer!!!

Last Agent to Sell the Property

Randy Tellalian

Randy Tellalian, Broker License #00898827 Listed on: 04/20/2024

Last Buyer's Agent

Randy Tellalian

Randy Tellalian, Broker License #00898827 Listed on: 04/20/2024

Property Details

Property Type

  • Land

Lot Details

  • 0.86 Acre Lot
  • Lot Dimensions are 200' x 220'
  • Corner Lot
  • Zoning described as Zoned Commercial-Vacant Land: entitled use for gas station/c-store (previous use).

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 123122023000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Prop. Type: Land
  • Lot Size Acres: 0.86
  • Lot Size: 200' x 220'
  • Road Surface Type: Paved
  • Directions: Starting from Mooney Blvd., head East on Noble Avenue, turn right (South) on Santa Fe, cross Walnut Ave and property is approx .50 mile on left side.
  • Special Features: None

Exterior Features

  • Lot Features: Corner Lot
  • Lot Features:Corner Lot: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 37515.0
  • Additional Parcels: No
  • Parcel #: 123122023000
  • Zoning Description: Zoned Commercial-Vacant Land: entitled use for gas station/c-store (previous use).
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2024
Closed on
Jan 7, 2025
Sold by
Tellalian Randal
Bought by
Tellalian Randal
Seller's Agent
Randy Tellalian
Randy Tellalian, Broker
Buyer's Agent
Randy Tellalian
Randy Tellalian, Broker
List Price
$495,000
Sold Price
$100,000
Premium/Discount to List
-$395,000
-79.8%
Views
50
Current Estimated Value
$486,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,797
Original Mortgage
$150,000
Outstanding Balance
$148,762
Interest Rate
6.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 20, 2024
Closed on
Dec 6, 2024
Sold by
Thandi Gurpreet
Bought by
Tellalian Randal
Seller's Agent
Randy Tellalian
Randy Tellalian, Broker
Buyer's Agent
Randy Tellalian
Randy Tellalian, Broker
List Price
$495,000
Sold Price
$100,000
Premium/Discount to List
-$395,000
-79.8%
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$148,762
Interest Rate
6.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2021
Sold by
Grewal Gurjeet
Bought by
Thandi Gurpreet

Purchase Details

Closed on
Mar 1, 2021
Sold by
K & H Bros Inc
Bought by
Thandi Gurpreet

Purchase Details

Closed on
Oct 17, 2014
Sold by
Wells Fargo Bank National Association
Bought by
K & H Bros Inc

Purchase Details

Closed on
Oct 28, 2013
Sold by
Inova Enterprises Llc
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Jun 8, 2012
Sold by
Inova Enterprises Llc
Bought by
City Of Visalia

Purchase Details

Closed on
Jul 14, 2008
Sold by
Lee Jong Sun
Bought by
Inova Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
6.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2003
Sold by
Burden Willie Mae
Bought by
Coulson James Allen and Coulson Kathy

Purchase Details

Closed on
Dec 21, 1995
Sold by
Alrihimi Aloa
Bought by
Alrihimi Mahmod A

Purchase Details

Closed on
Aug 8, 1995
Sold by
Saibaan Mohamed A
Bought by
Alrihini Mahmod A
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
Tellalian Randal -- None Listed On Document
Tellalian Randal $100,000 Stewart Title Of California
Tellalian Randal $100,000 Stewart Title Of California
Thandi Gurpreet -- First American Title Company
Thandi Gurpreet $95,000 First American Title Company
K & H Bros Inc $190,000 Old Republic Title Company
Wells Fargo Bank National Association $432,000 First American Title Company
City Of Visalia -- None Available
Inova Enterprises Llc $707,000 Fidelity National Title
Coulson James Allen -- --
Alrihimi Mahmod A -- --
Alrihini Mahmod A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tellalian Randal $150,000
Closed Tellalian Randal $150,000
Previous Owner Inova Enterprises Llc $486,000
Closed Coulson James Allen $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2024 12/10/24 Sold $100,000 -77.8% $3 / Sq Ft
11/18/2024 11/18/24 Pending -- -- --
09/24/2024 09/24/24 Price Changed $450,000 -9.1% $12 / Sq Ft
04/20/2024 04/20/24 For Sale $495,000 -- $13 / Sq Ft
Source: Tulare County 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 $3,190 $300,000 $300,000 --
2024 $3,190 $297,138 $297,138 --
2023 $3,092 $291,312 $291,312 $0
2022 $3,656 $285,600 $285,600 $0
2021 $2,229 $210,962 $210,962 $0
2020 $2,223 $208,799 $208,799 $0
2019 $2,159 $204,705 $204,705 $0
2018 $2,118 $200,691 $200,691 $0
2017 $2,082 $196,756 $196,756 $0
2016 $2,058 $192,898 $192,898 $0
2015 $2,209 $190,000 $190,000 $0
2014 $2,209 $206,000 $206,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Randy Tellalian

    Seller's Agent in 2024

    Randy Tellalian

    Randy Tellalian, Broker

    (559) 936-0475

    2 in this area

    8 Total Sales

    Randy Tellalian
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Map

Source: Tulare County MLS

MLS Number: 228789

Tulare County MLS

APN: 123-122-023-000

California Tulare County Visalia 93292 Southeast Visalia

507 E K Ave, Visalia, 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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