NOT LISTED FOR SALE

577 E Fountain Way Fresno, CA 93704

Maroa Neighborhood
6 Beds
5 Baths
3,360 Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: May 2, 2025

Last sale price $575,000 $171 Per Sq Ft

154 Days on Market

Highlights

  • Corner Lot
  • Central Air
  • Heating Available
  • Fenced Yard

About This Home

As of May 2025

GREAT INVESTMENT opportunity! Motivated sellers, property currently appraised for $725,000. This well maintained 5-unit complex has four 1-bedroom, 1-bath units and one 2-bedroom 1-bath unit, a laundry room, and covered parking. All units are currently rented with long-term tenants. It is centrally located in a well-developed neighborhood across from Gazebo Gardens and just steps away from Christmas Tree Lane. It is minutes from the Tower District, about a 5-minute drive to Fresno City College, 15 minutes to Fresno State University, and 1.2 miles to Freeway 41.

Last Agent to Sell the Property

Lillian Frankian

London Properties-Clovis License #01953665 Listed on: 10/10/2024

London Properties-Clovis

Last Buyer's Agent

Dustin Ilic CCIM

Visintainer Group License #01772625

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 7,405 Sq Ft Lot
  • Fenced Yard
  • Corner Lot
  • Front Yard Sprinklers

Parking

  • Carport

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 3,360 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heating Available

Community Details

  • 5 Units
  • Gross Income $48,000

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 171.13
  • Year Built Exception: 0
  • Stories: Two
  • Leased Equipment: Washer/Dryer (s)
  • Special Features: None
  • Year Built: 1965

Interior Features

  • Dishwasher: None
  • Disposal: More than One Unit
  • Fireplace: None
  • Refrigerator: All Units
  • Stove: All units
  • Bathrooms: 5.00
  • Bedrooms: 6
  • Facilities: Utility Room
  • Square Footage: 3360.00

Exterior Features

  • Yard: Sprinkler - Front, Sprinkler - Auto, Fenced
  • Roofing: Composition
  • Exterior: Stucco
  • Foundation: Both

Garage/Parking

  • Additional Parking: Carport, Covered, One Space per Unit

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water
  • Heat/Cool: Central Heat/Cool, Floor or Wall Heat, Window or Wall A/C

Condo/Co-op/Association

  • Association: Fresno MLS

Association/Amenities

  • Site Amenities: Corner

Lot Info

  • Acres: 0.1700
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 7405.00
  • Price Per Acre: 3382352.94

Building Info

  • Year Built: 1965

Rental Info

  • TenantPays: Electricity, Gas, Cable TV

Multi Family

  • Annual Income: 48000.00
  • IncomeIncludes: Unit Rent, Month to Month
  • Total Units: 5

MLS Schools

  • School District 2: Fresno Unified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2024
Closed on
Mar 18, 2025
Sold by
Bought by
Seller's Agent
Lillian Frankian
London Properties-Clovis
Buyer's Agent
Dustin Ilic CCIM
Visintainer Group
List Price
$675,000
Sold Price
$575,000
Premium/Discount to List
-$100,000
-14.81%
Views
282

Purchase Details

Closed on
Apr 8, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 18, 2003
Sold by
Bought by

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
Interest Rate
0.0572%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
0.0691%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$575,000 Chicago Title
-- None Available
$250,000 Chicago Title Co
$139,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $150,000
Previous Owner $109,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/02/2025 05/02/25 Sold $575,000 -4.2% $171 / Sq Ft
03/13/2025 03/13/25 Pending -- -- --
03/06/2025 03/06/25 Price Changed $600,000 -7.0% $179 / Sq Ft
01/23/2025 01/23/25 Price Changed $645,000 -4.4% $192 / Sq Ft
12/30/2024 12/30/24 For Sale $675,000 0.0% $201 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $675,000 -- $201 / Sq Ft
Source: Fresno MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,325 $325,573 $31,271 $294,302
2023 $4,163 $312,932 $30,057 $282,875
2022 $4,031 $306,797 $29,468 $277,329
2021 $3,922 $300,783 $28,891 $271,892
2020 $3,906 $297,700 $28,595 $269,105
2019 $3,759 $291,864 $28,035 $263,829
2018 $3,679 $286,142 $27,486 $258,656
2017 $3,617 $280,533 $26,948 $253,585
2016 $3,193 $250,000 $30,000 $220,000
2015 $3,192 $250,000 $30,000 $220,000
2014 $2,572 $200,000 $30,000 $170,000
Source: Public Records

Agents Affiliated with this Home

  • Lillian Frankian

    Seller's Agent in 2025

    Lillian Frankian

    London Properties-Clovis

    (559) 709-3966

    2 in this area

    32 Total Sales

    Lillian Frankian
    Section Image
  • Dustin Ilic CCIM

    Buyer's Agent in 2025

    Dustin Ilic CCIM

    Visintainer Group

    (559) 999-9829

    3 in this area

    8 Total Sales

    Dustin Ilic CCIM
    Section Image
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Map

Source: Fresno MLS

MLS Number: 619884

Fresno MLS
California Fresno County Fresno 93704 Maroa

577 E Fountain Way, Fresno, CA

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