M
Seller's Agent in 2016
Matthew Wenzel
Marcus & Millichap
(562) 257-1200
13 Total Sales
921 E Lingo Ave Reedley, CA 93654
6
Beds
3
Baths
5,819
Sq Ft
0.29
Acre Lot
About This Home
As of July 2016The subject property is a seven-unit multifamily property located at 921 East Lingo Avenue in the city of Reedley, California. The property consists of a two-story residential structure on a 12,632-square foot parcel of land in a residential neighborhood characterized by well-maintained single-family dwellings and small multifamily buildings.
Built in 1986, the subject property is of wood frame/stucco construction with a pitched composition shingle roof. The property has been recently renovated and is in very good overall condition. The unit mix is very desirable with one 1br/1ba unit, four 2br/1ba units and two 3br/1ba units. Each unit has its own 40 gallon water heater and washer/dryer hookups. Covered carport parking is also provided for tenants.
Reedley is located in the San Joaquin Valley 22 miles southeast of Fresno. Its chief economic source is agriculture, particularly fruit and vegetable cultivation. The city dubs itself "The World's Fruit Basket." Reedley is situated along the Kings River, and in the summer many local residents and visitors drive to Cricket Hollow Park and Reedley Beach. Downtown Reedley offers various specialty shops that many visitors and locals enjoy.
Last Agent to Sell the Property
Marcus & Millichap License #01198357 Listed on: 02/09/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 12,632 Sq Ft Lot
- Two or More Common Walls
- Level Lot
- Density is 21-25 Units/Acre
Home Design
- 5,819 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Laundry
- Laundry in unit
- Washer and Gas Dryer Hookup
Parking
- 28 Parking Spaces
- 7 Carport Spaces
Location
- Suburban Location
Listing and Financial Details
- Assessor Parcel Number 37015046
Community Details
Overview
- 7 Units
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 7 Separate Water Meters
- Electric Expense $1,200
- Insurance Expense $2,036
- Maintenance Expense $3,500
- Other Expense $2,100
- Professional Management Expense $4,000
- Trash Expense $1,639
- Water Sewer Expense $4,742
- New Taxes Expense $4,620
- Gross Income $4,400
- Net Operating Income $26,323
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
Feb 9, 2016
Closed on
Jun 17, 2016
Sold by
Bought by
Seller's Agent
Matthew Wenzel
Marcus & Millichap
Buyer's Agent
Wendell Jones
Realty One Group Infinity
List Price
$420,000
Sold Price
$400,000
Premium/Discount to List
-$20,000
-4.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
0.0358%
Mortgage Type
Commercial
Purchase Details
Closed on
May 22, 2013
Sold by
Bought by
Purchase Details
Closed on
Apr 25, 2013
Sold by
Bought by
Purchase Details
Closed on
Jun 1, 2005
Sold by
Bought by
Purchase Details
Closed on
Dec 29, 2003
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
$260,000
Interest Rate
0.0582%
Mortgage Type
Seller Take Back
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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 |
|---|---|---|---|
| $400,000 | Arista National Title | ||
| -- | Accommodation | ||
| $222,501 | Fidelity National Title | ||
| -- | -- | ||
| $330,000 | 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 |
|---|---|---|---|
| Closed | $275,000 | ||
| Closed | $167,000 | ||
| Closed | $155,250 | ||
| Closed | $260,000 |
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 |
|---|---|---|---|---|
| 07/11/2016 07/11/16 | Sold | $400,000 | -4.8% | $69 / Sq Ft |
| 06/08/2016 06/08/16 | Pending | -- | -- | -- |
| 02/09/2016 02/09/16 | For Sale | $420,000 | -- | $72 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $5,499 | $473,511 | $59,186 | $414,325 |
| 2023 | $5,431 | $455,126 | $56,889 | $398,237 |
| 2022 | $5,373 | $446,203 | $55,774 | $390,429 |
| 2021 | $5,277 | $437,455 | $54,681 | $382,774 |
| 2020 | $5,305 | $432,971 | $54,121 | $378,850 |
| 2019 | $5,178 | $424,482 | $53,060 | $371,422 |
| 2018 | $5,150 | $416,160 | $52,020 | $364,140 |
| 2017 | $4,926 | $408,000 | $51,000 | $357,000 |
| 2016 | $3,443 | $275,660 | $46,810 | $228,850 |
| 2015 | $3,335 | $271,520 | $46,107 | $225,413 |
| 2014 | $3,321 | $266,202 | $45,204 | $220,998 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Wenzel
-
Wendell Jones
Buyer's Agent in 2016
Wendell Jones
Realty One Group Infinity
(408) 206-0621
19 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16027300
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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