Seller's Agent in 2022
Noor Sahota
Erick Motta Broker/Referral
(213) 400-0111
1 in this area
3 Total Sales
704 N Lake St Madera, CA 93638
North Madera Neighborhood
32
Beds
16
Baths
13,478
Sq Ft
0.55
Acre Lot
Highlights
- 0.55 Acre Lot
- Central Air
- 2-minute walk to Riverside Trail
About This Home
As of October 2022CASH COW! 7.9% GCRHighly desireble and hard find 16 unit apartment complex, all 2 Bedrooms 1 bath in Central Madera. Complex has had good tenancy with very little vacancies. Seller has upgraded 4 of the units for rent imporvements but there is stiill a big area of opportunity. GCR is at 7.9% PFwith the additional income from coin laundry. All Units have covered parking. Seller will collobarete with a 1031 exchange. If you are looking for a solid investment, this may be the one for you.
Last Agent to Sell the Property
Erick Motta Broker/Referral License #01422731 Listed on: 05/18/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 23,949 Sq Ft Lot
- Sprinkler System
Home Design
- Composition Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 13,478 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 32 Bedrooms
- 16 Bathrooms
Parking
- Covered Parking
- Uncovered Parking
Utilities
- Central Air
Listing and Financial Details
- Tenant pays for all utilities, electricity, gas, trash collection, cable TV
Community Details
Overview
- 4 Buildings
- 16 Units
Building Details
- Gross Income $149,918
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
Jul 28, 2022
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
$800,000
Interest Rate
5.55%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 11, 2018
Closed on
Jan 8, 2019
Sold by
Bought by
Seller's Agent
Lisa Hughes
Land Company Real Estate
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,449,000
Sold Price
$1,212,000
Premium/Discount to List
-$237,000
-16.36%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$855,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jul 11, 2018
Closed on
Dec 18, 2018
Sold by
Bought by
Seller's Agent
Lisa Hughes
Land Company Real Estate
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,449,000
Sold Price
$1,212,000
Premium/Discount to List
-$237,000
-16.36%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$855,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 27, 2018
Sold by
Bought by
Purchase Details
Closed on
Sep 14, 2009
Sold by
Bought by
Purchase Details
Closed on
Jul 6, 2005
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
$600,000
Interest Rate
5.76%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 5, 2003
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,750,000 | Fidelity National Title | ||
| $1,212,000 | Chicago Title | ||
| -- | -- | ||
| $1,212,000 | Chicago Title | ||
| -- | None Available | ||
| $1,020,000 | Stewart | ||
| -- | Stewart | ||
| -- | -- |
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 | $1,651,000 | ||
| Closed | $900,000 | ||
| Open | $4,445,000 | ||
| Closed | $1,000,000 | ||
| Closed | $400,000 | ||
| Previous Owner | $800,000 | ||
| Previous Owner | $855,000 | ||
| Previous Owner | $525,000 | ||
| Previous Owner | $600,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 10/06/2022 10/06/22 | Sold | $1,750,000 | -4.9% | $130 / Sq Ft | |
| 07/14/2022 07/14/22 | Pending | -- | -- | -- | |
| 07/07/2022 07/07/22 | Price Changed | $1,840,000 | -2.6% | $137 / Sq Ft | |
| 06/20/2022 06/20/22 | For Sale | $1,890,000 | 0.0% | $140 / Sq Ft | |
| 06/19/2022 06/19/22 | Pending | -- | -- | -- | |
| 06/19/2022 06/19/22 | For Sale | $1,890,000 | 0.0% | $140 / Sq Ft | |
| 05/31/2022 05/31/22 | Pending | -- | -- | -- | |
| 05/18/2022 05/18/22 | For Sale | $1,890,000 | +55.9% | $140 / Sq Ft | |
| 01/08/2019 01/08/19 | Sold | $1,212,000 | -13.1% | $90 / Sq Ft | View Prior Sale |
| 10/02/2018 10/02/18 | Pending | -- | -- | -- | |
| 09/07/2018 09/07/18 | Price Changed | $1,395,000 | -3.7% | $104 / Sq Ft | |
| 08/29/2018 08/29/18 | For Sale | $1,449,000 | 0.0% | $108 / Sq Ft | |
| 07/27/2018 07/27/18 | Pending | -- | -- | -- | |
| 07/11/2018 07/11/18 | For Sale | $1,449,000 | -- | $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 |
|---|---|---|---|---|
| 2026 | $21,018 | $1,866,353 | $254,689 | $1,611,664 |
| 2025 | $21,018 | $1,829,500 | $249,696 | $1,579,804 |
| 2023 | $21,184 | $1,758,000 | $240,000 | $1,518,000 |
| 2022 | $14,735 | $1,282,026 | $141,908 | $1,140,118 |
| 2021 | $14,460 | $1,257,046 | $139,126 | $1,117,920 |
| 2020 | $14,727 | $1,244,240 | $137,700 | $1,106,540 |
| 2019 | $12,690 | $1,058,000 | $135,000 | $923,000 |
| 2018 | $11,936 | $1,058,000 | $135,000 | $923,000 |
| 2017 | $10,111 | $888,000 | $120,000 | $768,000 |
| 2016 | $10,054 | $888,000 | $120,000 | $768,000 |
| 2015 | $7,474 | $658,000 | $200,000 | $458,000 |
| 2014 | $7,154 | $661,180 | $200,000 | $461,180 |
Source: Public Records
Agents Affiliated with this Home
-
Noor Sahota
-
Erick Motta
Seller Co-Listing Agent in 2022
Erick Motta
3D Realty
(408) 420-0136
1 in this area
18 Total Sales
-
Jorge Cuevas
Buyer's Agent in 2022
Jorge Cuevas
Real Broker
(559) 474-7832
15 in this area
104 Total Sales
-
Lisa Hughes
Seller's Agent in 2019
Lisa Hughes
Land Company Real Estate
(559) 706-7450
76 Total Sales
-
Jaymee Willhite
Seller Co-Listing Agent in 2019
Jaymee Willhite
Land Company Real Estate
(559) 223-0223
22 Total Sales
-
G
Buyer's Agent in 2019
General NONMEMBER
NONMEMBER MRML
Map
Source: Fresno MLS
MLS Number: 578032
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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