NOT LISTED FOR SALE

581 W Lincoln Ave Unit 21 Clovis, CA 93612

Clovis Area
38 Beds
32 Baths
16,918 Sq Ft
0.64 Acre Lot

Sale Details

Date Sold: December 31, 2014

Last sale price $1,825,000 $108 Per Sq Ft

83 Days on Market

Highlights

  • 0.64 Acre Lot
  • Cul-De-Sac
  • Central Air

About This Home

As of December 2014

100% Occupancy !!! 6% CAP on actual I & E. The Lincoln apartment is a turn key project, perfect for out of town investor. 21 units consisting of 4 units one bedroom one bath leased for $621.00/month. 4 units - two bedrooms one bath leased for $795.00/month,6 units - two bedrooms two baths leased for $766.00/month and 7 units two bedrooms two baths leased for $766.00/month. A very well maintained complex, 100% occupied at 6% CAP based on actual I & E. The complex located in a quiet cul-de-sac. Most units were rehabbed in the last two years to include hardwood like floors, remolded kitchens, exterior/interior painting and landscaping. Each unit has range, refrigerator, dishwasher & garbage disposal. ** Existing private 1st in the amount of $1,050,000 at 5.5% IO payment may be assumed

Last Agent to Sell the Property

Esti Barak

Lightning International License #00546141 Listed on: 08/30/2014

Last Buyer's Agent

Janet Bauer

Bauer Real Estate License #01248372

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 27,904 Sq Ft Lot
  • Cul-De-Sac
  • Sprinkler System

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 16,918 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 38 Bedrooms
  • 32 Bathrooms

Parking

  • Carport
  • Uncovered Parking

Utilities

  • Central Air

Community Details

  • 21 Units
  • Gross Income $183,552

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0.64 Acres

Listing Details

  • Type: Multi Family
  • Property Sub Type: 16 Units & More
  • Price Per Square Foot: 107.87
  • Year Built Exception: 0
  • Stories: Two
  • Leased Equipment: Washer/Dryer (s)
  • Special Features: None
  • Year Built: 1984

Interior Features

  • Dishwasher: All Units
  • Disposal: All units
  • Refrigerator: All Units
  • Stove: All units
  • Bathrooms: 32.00
  • Bedrooms: 38
  • Facilities: Utility Room
  • Square Footage: 16918.00

Exterior Features

  • Yard: Sprinkler - Auto
  • Roofing: Composition
  • Exterior: Stucco
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Carport, Uncovered

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water
  • Heat/Cool: Central Heat/Cool

Condo/Co-op/Association

  • Association: Fresno MLS

Association/Amenities

  • Unit: 21
  • Site Amenities: Cul De Sac

Lot Info

  • Acres: 0.6406
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 27904.00
  • Price Per Acre: 2848891.66

Building Info

  • Year Built: 1984

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 183552.00
  • IncomeIncludes: Unit Rent, Laundry
  • Total Units: 21

MLS Schools

  • School District 2: Clovis 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

Closed on
Nov 18, 2024
Sold by
Bought by

Purchase Details

Listed on
Aug 30, 2014
Closed on
Dec 27, 2014
Sold by
Bought by
Seller's Agent
Esti Barak
Lightning International
Buyer's Agent
Janet Bauer
Bauer Real Estate
List Price
$1,825,000
Sold Price
$1,825,000

Purchase Details

Closed on
Feb 6, 2012
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
$1,022,000
Interest Rate
3.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 8, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$3,250,000 Fidelity National Title Compan
-- Fidelity National Title Co
$1,322,000 Fidelity National Title Co
$660,000 Chicago Title Company
-- Chicago Title Company
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
Open $1,700,000
Previous Owner $900,000
Previous Owner $1,022,000
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
12/31/2014 12/31/14 Sold $1,825,000 0.0% $108 / Sq Ft
11/21/2014 11/21/14 Pending -- -- --
08/30/2014 08/30/14 For Sale $1,825,000 -- $108 / 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 $38,325 $3,235,800 $220,000 $3,015,800
2023 $25,520 $2,104,345 $132,841 $1,971,504
2022 $24,762 $2,067,036 $130,237 $1,936,799
2021 $24,007 $2,020,933 $127,684 $1,893,249
2020 $23,953 $2,003,370 $126,375 $1,876,995
2019 $23,522 $1,966,762 $123,898 $1,842,864
2018 $23,021 $1,928,920 $121,469 $1,807,451
2017 $22,667 $1,894,131 $119,088 $1,775,043
2016 $21,914 $1,857,778 $116,753 $1,741,025
2015 $21,481 $1,377,474 $104,510 $1,272,964
2014 $16,079 $1,355,515 $102,463 $1,253,052
Source: Public Records

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Map

Source: Fresno MLS

MLS Number: 432161

Fresno MLS

APN: 420-141-14

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