NOT LISTED FOR SALE

557 E Malone St Hanford, CA 93230

Estimated Value: $482,000 - $592,000

8 Beds
4 Baths
3,200 Sq Ft
$172/Sq Ft Est. Value

Last Sold December 02, 2021

Last sale price $485,000 $152 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,889/month

150 Days on Market

Highlights

  • 0.42 Acre Lot
  • Laundry Facilities
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of December 2021

Fabulous opportunity! This is the first of 3 fourplexes available (see 561-567 and 571-577 E Malone). Seller would prefer to sell all three 4plexes to the same buyer but they each have their own APN so they can be financed separately. Each unit has 2 bedrooms, 1 bath, inside laundry, small fenced back yard. The complex has a large common area which offers room for kids to play! Carport parking plus additional parking for each unit. Selling as is. No showings. Tenants have not been informed that units are for sale. Please make offer contingent upon viewing. Seller will not make repairs or perform inspections.

Last Agent to Sell the Property

Kimberly McElhannon

BUY IT! Real Estate License #01231866 Listed on: 02/24/2021

Last Buyer's Agent

Lynsey Loya

Lemoore Real Estate License #02072243

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.42

Parking

  • Carport

Home Design

  • Quadruplex

Interior Spaces

  • 3,200 Sq Ft Home
  • 1-Story Property
  • Stove

Additional Features

  • 0.42 Acre Lot
  • Central Heating and Cooling System

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 010121039000

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Sub Type: Four Plex
  • Prop. Type: ResidentialIncome
  • Lot Size Acres: 0.4200
  • Directions: from corner of 10th Avenue and Grangeville Blvd, South on 10th Ave, West on Malone
  • Building Stories: 1
  • Year Built: 1964
  • OFFICELIST_STATE: CALIFORNIA
  • ADU1 Kitchen Features:ADU1 Refrigerator: No
  • ADU2 Kitchen Features:ADU2 Refrigerator: No
  • ADU1 Kitchen Features:ADU1 Stove: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 3200.00
  • ResoLivingAreaSource: Estimated
  • Foreclosure: No
  • Broker Approved: Yes
  • Reciprocal Listing: N
  • U2Stove: Yes
  • U3Stove: Yes
  • U4Stove: Yes
  • U1WasherDryer: No
  • U2WasherDryer: No
  • U3WasherDryer: No
  • U4WasherDryer: No

Exterior Features

  • Pool Private: No
  • Price Per Acre: 1154761.90
  • Price Per Square Foot: 151.56

Garage/Parking

  • Parking Features: Carport

Utilities

  • Laundry Features: Area
  • Cooling: Central
  • Heating: Central
  • Water Source: Public

Condo/Co-op/Association

  • Units in Building: Four

Lot Info

  • Lot Size Sq Ft: 18295.00
  • Parcel #: 010121039000
  • Zoning: multi
  • ResoLotSizeUnits: Acres

Multi Family

  • Existing Lease Type: Net
  • Annual Gross Scheduled Income: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2021
Sold by
Monajjemi Mohammad Reza and Norlin Joanne Mari
Bought by
Champions Recovery Alternative Programs Inc
Current Estimated Value
$551,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$934,500
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2002
Sold by
Mcelhannon Timothy and Mcelhannon Kimberly
Bought by
Monajjemi Mohammad Reza and Norlin Joanne Mari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,400
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 1997
Sold by
Hanford 28 Ltd A Ptp
Bought by
Mcelhannon Timothy and Mcelhannon Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,750
Interest Rate
8.08%
Mortgage Type
Seller Take Back
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
Champions Recovery Alternative Programs Inc $485,000 Stewart Title
Monajjemi Mohammad Reza $156,000 First American Title Co
Mcelhannon Timothy -- Kings County Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Champions Recovery Alternative Programs Inc $934,500
Previous Owner Monajjemi Mohammad Reza $62,400
Previous Owner Mcelhannon Timothy $21,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2021 12/02/21 Sold $485,000 -7.6% $152 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $525,000 -- $164 / Sq Ft
Source: Kings County Board of REALTORS®

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 -- $504,594 $83,232 $421,362
2023 $0 $485,000 $80,000 $405,000
2022 $0 $212,906 $47,767 $165,139
2021 $2,297 $208,732 $46,831 $161,901
2020 $2,322 $206,592 $46,351 $160,241
2019 $2,283 $202,541 $45,442 $157,099
2018 $2,217 $198,570 $44,551 $154,019
2017 $2,184 $194,676 $43,677 $150,999
2016 $2,155 $190,859 $42,821 $148,038
2015 $2,142 $187,992 $42,178 $145,814
2014 $2,100 $184,310 $41,352 $142,958
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kimberly McElhannon

    BUY IT! Real Estate

    Section Image

  • L

    Buyer's Agent in 2021

    Lynsey Loya

    Lemoore Real Estate

    Section Image
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Map

Source: Kings County Board of REALTORS®

MLS Number: 221468

APN: 010-121-039-000

California Kings County Hanford 93230

557 E Malone St, Hanford, CA

Not Listed for Sale

MultiFamily

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