NOT LISTED FOR SALE

605 Adelaide Ave Madera, CA 93638

East Madera Neighborhood

Estimated Value: $418,962 - $451,000

6 Beds
4 Baths
2,261 Sq Ft
$191/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $360,000 $159 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,663/month

182 Days on Market

Highlights

  • Forced Air Heating System
  • Carpet
  • 1-Story Property

About This Home

As of June 2023

Excellent investment opportunity! Long term tenants in each unit. This beautiful duplex offers over 2261 sf of living space. Close to Golden State Highway and downtown Madera. Minutes away from restaurants and shopping. This is a must-see!

Last Agent to Sell the Property

Justin Accola

Altos Realty Advisors, Inc. License #02038863 Listed on: 11/18/2022

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,345

Year Built

  • 1994

Lot Details

  • 7,754

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,261 Sq Ft Home
  • 1-Story Property
  • Disposal
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate

Parking

  • 2 Carport Spaces
  • Off-Street Parking
  • Assigned Parking

Additional Features

  • 7,754 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $30,000

Community Details

Overview

  • 2,261 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $700
  • Insurance Expense $820
  • Manager Expense $1,782
  • Utility Expense $2,085
  • Operating Expense $6,775
  • Gross Income $27,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,345

Year Built

1994

Lot Details

0

Listing Details

  • Zoning: RRS-2
  • Subclass: Duplex
  • Style: Ranch
  • Age: 28
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2261
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1994

Interior Features

  • Kitchen: Appliances - Vary By Unit, Garbage Disposal, Refrigerator
  • Living Sq Ft: 2261
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Off-Street Parking
  • Carport Min: 2

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Madera Unified

Lot Info

  • Lot Acres: 0.1780
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7755.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7755.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.17
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 820
  • Expense Landscape: 700
  • Expense Management: 1782
  • Expenses Total: 6775
  • Expenses Utility: 2085
  • Income Annual Gross: 27900.00
  • Income Annual Rental: 30000
  • Income Gross Scheduled: 30000
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2022
Closed on
Jun 14, 2023
Sold by
Karma Properties Llc
Bought by
Madera Jose L and Madera Maria A
Seller's Agent
Justin Accola
Altos Realty Advisors, Inc.
Buyer's Agent
RECIP
Out of Area Office
List Price
$395,000
Sold Price
$360,000
Premium/Discount to List
-$35,000
-8.86%
Views
231
Current Estimated Value
$420,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,262
Avg. Annual Appreciation
11.15%

Purchase Details

Closed on
Mar 13, 2017
Sold by
Stevens Brenda M
Bought by
Karma Properties Llc

Purchase Details

Closed on
Aug 23, 2004
Sold by
Stevens Stevens Brenda M Brenda M and Stevens Walker Brenda
Bought by
Stevens Brenda M
Source: Public Records

Range of Values:

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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
Madera Jose L $360,000 Stewart Title Of California
Karma Properties Llc $100,000 First American Title Company
Stevens Brenda M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Karma Properties Llc $230,000
Previous Owner Karma Properties Llc $230,000
Previous Owner Karma Properties Llc $100,000
Previous Owner Karma Properties Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2023 06/20/23 Sold $360,000 -8.9% $159 / Sq Ft
05/20/2023 05/20/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $395,000 0.0% $175 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/20/2023 04/20/23 Price Changed $395,000 -3.7% $175 / Sq Ft
03/21/2023 03/21/23 Price Changed $410,000 -3.5% $181 / Sq Ft
11/18/2022 11/18/22 For Sale $425,000 -- $188 / Sq Ft
Source: MLSListings

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 $4,345 $374,544 $72,828 $301,716
2023 $4,345 $122,703 $27,886 $94,817
2022 $1,402 $120,298 $27,340 $92,958
2021 $1,376 $117,940 $26,804 $91,136
2020 $1,401 $116,732 $26,530 $90,202
2019 $1,391 $114,444 $26,010 $88,434
2018 $1,284 $112,200 $25,500 $86,700
2017 $1,582 $137,712 $20,493 $117,219
2016 $1,543 $135,013 $20,092 $114,921
2015 $1,511 $132,986 $19,791 $113,195
2014 $1,411 $130,382 $19,404 $110,978
Source: Public Records

Agents Affiliated with this Home

  • Justin Accola

    Seller's Agent in 2023

    Justin Accola

    Altos Realty Advisors, Inc.

    (650) 279-6345

    1 in this area

    11 Total Sales

    Section Image

  • R

    Buyer's Agent in 2023

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81913351

MLSListings

APN: 008-092-004

California Madera County Madera 93638 East Madera

605 Adelaide Ave, Madera, CA

This home is located at 605 Adelaide Ave, Madera, CA 93638 since 18 November 2022 and is currently estimated at $431,991, approximately $191 per square foot. This property was built in 1994. 605 Adelaide Ave is a home located in Madera County with nearby schools including Millview Elementary School, Martin Luther King Jr. Middle School, and Madera South High School.

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