NOT LISTED FOR SALE

554 S Hughes Ave Fresno, CA 93706

Edison Neighborhood

Estimated Value: $247,817

1.66 Acres
$149,287 Price per Acre
72,310 Sq Ft Lot

Last Sold November 17, 2023

Last sale price $230,000 $3 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,557/month

143 Days on Market

Highlights

  • 1.66 Acre Lot
  • Edison High School Rated A-
  • Cul-De-Sac

About This Lot

As of November 2023

Location, Location, Location!With direct freeway visibility, this 1.66 Acre parcel is the perfect location to develop... What an opportunity for prime, freeway frontage for your business. The city has an expansive list of available uses for this property, zoned (CR).To name a few:Residential (Single Family or Multi-Family), Care Facilities, Retail Location (excluding sales of large vehicles), Mini Storage, Service Station, Bank/Credit Union/Check Cashing Service, Restaurant / Banquet Hall, Markets, Lodging, and many others.Buyer to verify potential uses by calling the city directly.This lot is moments from Highway 99, approximately 15 minutes to Fresno Air Terminal, less than 10 minutes to downtown Fresno. Don't sleep on this opportunity, this parcel is a golden location!

Last Agent to Sell the Property

Gina Jelladian

Gina Jelladian, Broker License #01964347 Listed on: 06/09/2023

Last Buyer's Agent

Gina Jelladian

Gina Jelladian, Broker License #01964347 Listed on: 06/09/2023

Property Details

Property Type

  • Land

Lot Details

  • 1.66 Acre Lot
  • Property fronts an interstate
  • Cul-De-Sac
  • Property is zoned CR- Commercial Residential

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Type: Lots
  • Property Sub Type: Commercial
  • Improvements: None
  • Accessibility: City Streets, State Highway, Freeway
  • Special Features: None

Utilities

  • Gas And Electric: None
  • Sewer/Water: None

Condo/Co-op/Association

  • Association: Fresno MLS

Association/Amenities

  • Site Amenities: Cul De Sac

Lot Info

  • Acres: 1.6600
  • Lot Measurement: Acres
  • Lot Size Sq Ft: 72310.00
  • Price Per Acre: 138554.22
  • Potential Use: Residential, Multi Family, Condo/PUD, Commercial, Office, Retail, Motel/Hotel, Mobile Home Park
  • Land Description: 1 - 5 Acres

MLS Schools

  • School District 2: Central Unified
  • School Type: High School
  • School Name: Central
  • School Type: Junior High School
  • School Name: Houghton-Kearney
  • School Type: Grade School
  • School Name: Madison
  • Schools Comment: Buyer to verify.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2023
Closed on
Nov 10, 2023
Sold by
Payless Legal Services Llc
Bought by
Singh Gurdip and Gill Sharnjit
Seller's Agent
Gina Jelladian
Gina Jelladian, Broker
Buyer's Agent
Gina Jelladian
Gina Jelladian, Broker
List Price
$270,000
Sold Price
$230,000
Premium/Discount to List
-$40,000
-14.81%
Views
388
Current Estimated Value
$247,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,817
Avg. Annual Appreciation
3.62%
Original Mortgage
$110,000
Outstanding Balance
$107,794
Interest Rate
7.49%
Mortgage Type
Seller Take Back
Estimated Equity
$140,023

Purchase Details

Listed on
May 13, 2021
Closed on
Jun 2, 2021
Sold by
Tri Wade Homes Inc
Bought by
Payless Legal Services Llc
Seller's Agent
Darren Wade
Real Broker
Buyer's Agent
Charles Ratanavanh
Real Broker
List Price
$175,000
Sold Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.80%
Original Mortgage
$750,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2021
Sold by
Whipple Donald Joe and Whipple Joe Donald
Bought by
Whipple Donald Joe and Whipp Ralpha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
2.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 23, 2021
Sold by
Whipple Donald Joe and Whipp Ralpha
Bought by
Tri Wade Homes Inc and Sekhon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
2.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 14, 1999
Sold by
Don Whipple Investments Inc
Bought by
City Of Fresno

Purchase Details

Closed on
May 10, 1996
Sold by
Carley Louella
Bought by
State Of California
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
Singh Gurdip $230,000 Fidelity National Title Compan
Payless Legal Services Llc $175,000 Chicago Title Company
Whipple Donald Joe -- --
Tri Wade Homes Inc $80,000 Chicago Title
City Of Fresno -- Stewart Title
State Of California -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Gurdip $110,000
Previous Owner Payless Legal Services Llc $750,000
Previous Owner Tri Wade Homes Inc $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2023 11/17/23 Sold $230,000 -7.6% $3 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
10/13/2023 10/13/23 Price Changed $249,000 -7.8% $3 / Sq Ft
06/09/2023 06/09/23 For Sale $270,000 +54.3% $4 / Sq Ft
06/04/2021 06/04/21 Sold $175,000 0.0% $2 / Sq Ft View Prior Sale
05/26/2021 05/26/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $175,000 -- $2 / 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 $3,042 $234,600 $234,600 --
2023 $2,925 $182,070 $182,070 $0
2022 $2,288 $178,500 $178,500 $0
2021 $966 $75,481 $75,481 $0
2020 $584 $40,053 $40,053 $0
2019 $564 $39,268 $39,268 $0
2018 $553 $38,499 $38,499 $0
2017 $545 $37,745 $37,745 $0
2016 $529 $37,005 $37,005 $0
2015 $522 $36,450 $36,450 $0
2014 $515 $35,736 $35,736 $0
Source: Public Records

Agents Affiliated with this Home

  • Gina Jelladian

    Seller's Agent in 2023

    Gina Jelladian

    Gina Jelladian, Broker

    (559) 905-9502

    1 in this area

    30 Total Sales

    Gina Jelladian
    Section Image
  • Darren Wade

    Seller's Agent in 2021

    Darren Wade

    Real Broker

    (559) 312-7467

    11 in this area

    387 Total Sales

    Darren Wade
    Section Image
  • Charles Ratanavanh

    Seller Co-Listing Agent in 2021

    Charles Ratanavanh

    Real Broker

    (559) 402-3433

    2 in this area

    46 Total Sales

    Charles Ratanavanh
    Section Image
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Map

Source: Fresno MLS

MLS Number: 595658

Fresno MLS

APN: 458-080-14

California Fresno County Fresno 93706 Edison

554 S Hughes Ave, Fresno, CA

Not Listed for Sale

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