NOT LISTED FOR SALE

605 Adelaide Ave Madera, CA 93638

East Madera Neighborhood

Estimated Value: $389,000 - $458,632

6 Beds
4 Baths
2,261 Sq Ft
$186/Sq Ft Est. Value

Sale Details

Date Sold: June 20, 2023

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

Est. 17% increase in value since last sale

Current estimated payment $2,624 / mo

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

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

Year Built

1994

Lot Details

7,754 Sq Ft Lot

Listing Details

  • Zoning: RRS-2
  • Subclass: Duplex
  • Style: Ranch
  • 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

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

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
Nov 18, 2022
Closed on
Jun 14, 2023
Sold by
Bought by
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
$419,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,658
Avg. Annual Appreciation
5.23%

Purchase Details

Closed on
Mar 13, 2017
Sold by
Bought by

Purchase Details

Closed on
Aug 23, 2004
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

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
$360,000 Stewart Title Of California
$100,000 First American Title Company
-- --
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
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

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 $4,345 $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

    14 Total Sales

    Justin Accola
    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

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