NOT LISTED FOR SALE

7531 Madison Ave Citrus Heights, CA 95610

Estimated Value: $540,174

3 Beds
4 Baths
600 Sq Ft
$900/Sq Ft Est. Value

Last Sold December 29, 2016

Last sale price $339,864 $566 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,402/month

52 Days on Market

Highlights

  • Property is near public transit
  • Double Pane Windows
  • Central Heating and Cooling System
  • No HOA

About This Home

As of December 2016

This home is located at 7531 Madison Ave, Citrus Heights, CA 95610 since 17 May 2016 and is currently estimated at $540,174, approximately $900 per square foot. This property was built in 1963. 7531 Madison Ave is a home located in Sacramento County with nearby schools including Skycrest Elementary School, Will Rogers Middle School, and San Juan High School.

Last Agent to Sell the Property

Robert Borchin

NextHome Cedar Street Realty License #01178792 Listed on: 05/17/2016

NextHome Cedar Street Realty

Co-Listed By

Sherry Montalvo

Kind & Kin Properties License #01377904

Last Buyer's Agent

Bud Randolph

1st American Realty License #01042617

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,899

Year Built

  • Built in 1963

Lot Details

  • 10,019

Parking

  • 10 Open Parking Spaces

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Double Pane Windows

Additional Features

  • 10,019 Sq Ft Lot
  • Property is near public transit
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 233-0242-005-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Northridge Glen Subdivision

Building Details

  • 1 Leased Unit
  • 1 Vacant Unit
  • 1 Unit Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,899

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Other
  • Year Built: 1963
  • Architectural Style: Ranch
  • Stories: 2
  • Subdivision: Northridge Glen
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven,Free Standing Gas Range,Plumbed For Ice Maker
  • Flooring: Carpet,Laminate
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Shingle Siding,Wood
  • Disclosures/Documents: CC&Rs,None
  • Listing Price: 369999.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 10
  • Parking Features: Open

Utilities

  • Security: Carbon Mon Detector,Security System Owned,Smoke Detector,Varies By Unit
  • Utilities: Cable Available,Internet Available
  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Public Trans Nearby
  • Association: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning Description: R1
  • Lot Size Acres: 0.2300
  • Lot Size Sq Ft: 10019

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 1
  • Number of Month to Month Units: 1
  • Number of Units: 2
  • Number of Vacant Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 233-0242-005-0000

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2016
Closed on
Dec 21, 2016
Sold by
Mccormack Robin
Bought by
Mccormack John
Seller's Agent
Robert Borchin
NextHome Cedar Street Realty
Buyer's Agent
Bud Randolph
1st American Realty
List Price
$369,999
Sold Price
$339,864
Premium/Discount to List
-$30,135
-8.14%
Current Estimated Value
$540,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,310
Avg. Annual Appreciation
5.39%
Original Mortgage
$323,500
Outstanding Balance
$264,550
Interest Rate
3.94%
Mortgage Type
Credit Line Revolving
Estimated Equity
$275,624

Purchase Details

Listed on
May 17, 2016
Closed on
Dec 13, 2016
Sold by
Lee King Yu
Bought by
Mccormack John
Seller's Agent
Robert Borchin
NextHome Cedar Street Realty
Buyer's Agent
Bud Randolph
1st American Realty
List Price
$369,999
Sold Price
$339,864
Premium/Discount to List
-$30,135
-8.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,500
Outstanding Balance
$264,550
Interest Rate
3.94%
Mortgage Type
Credit Line Revolving
Estimated Equity
$275,624

Purchase Details

Closed on
Oct 27, 2005
Sold by
Chiao Walter Quanhing
Bought by
Lee King Yu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.97%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Mccormack John -- Chicago Title Company
Mccormack John $340,000 Chicago Title Company
Lee King Yu -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccormack John $323,500
Previous Owner Lee King Yu $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2016 12/29/16 Sold $339,864 -8.1% $566 / Sq Ft
07/08/2016 07/08/16 Pending -- -- --
05/17/2016 05/17/16 For Sale $369,999 -- $617 / Sq Ft
Source: MetroList

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 $6,899 $607,953 $118,328 $489,625
2024 $6,899 $568,974 $116,008 $452,966
2023 $6,725 $557,819 $113,734 $444,085
2022 $6,691 $546,882 $111,504 $435,378
2021 $6,581 $536,160 $109,318 $426,842
2020 $6,459 $530,664 $108,198 $422,466
2019 $5,528 $453,593 $106,077 $347,516
2018 $4,268 $346,661 $103,998 $242,663
2017 $4,227 $339,864 $101,959 $237,905
2016 $4,687 $396,284 $93,234 $303,050
2015 $4,608 $390,332 $91,834 $298,498
2014 $4,513 $382,687 $90,036 $292,651
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Robert Borchin

    NextHome Cedar Street Realty

    Section Image
  • Sherry Montalvo

    Seller Co-Listing Agent in 2016

    Sherry Montalvo

    Kind & Kin Properties

    (916) 550-9616

    4 in this area

    53 Total Sales

    Sherry Montalvo
    Section Image

  • B

    Buyer's Agent in 2016

    Bud Randolph

    1st American Realty

    (916) 961-2055

    3 Total Sales

    Bud Randolph
    Section Image
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Map

Source: MetroList

MLS Number: 16030990

MetroList

APN: 233-0242-005

California Sacramento County Citrus Heights 95610

7531 Madison Ave, Citrus Heights, CA

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