NOT LISTED FOR SALE

Estimated Value: $297,000 - $430,000

4 Beds
2 Baths
1,650 Sq Ft
$217/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $274,200 $166 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,161/month

3 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Turnkey
  • No HOA
  • Central Heating and Cooling System
  • Wood Fence

About This Home

As of April 2021

Very hard to find duplex in Madera. Property is comprised of two 2 bedroom, 1 bath units located on a corner parcel. Owner put $10,000 in rehab into unit 928 in January of 2019. This included new flooring, paint, fixtures, ect. Both units have central heating and cooling plus there is a detached two garage on the property. DO NOT disturb the tenants or walk the property.

Last Agent to Sell the Property

Lou Wiebe

Wiebe Real Estate License #00788751 Listed on: 03/17/2021

Last Buyer's Agent

Lou Wiebe

Wiebe Real Estate License #00788751 Listed on: 03/17/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 7,516 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Corner Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • 1,650 Sq Ft Home
  • Property Attached
  • Turnkey
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 010041011

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Professional Management Expense $1,625
  • Trash Expense $500
  • Water Sewer Expense $500
  • New Taxes Expense $877
  • Operating Expense $4,502
  • Gross Income $20,340

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 1625.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 500.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 010041011
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 166.18

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Block

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7516.00
  • Lot Size Acres: 0.1725
  • Latitude Manual: 36.95769600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 20340.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7516.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 4502.00

Tax Info

  • New Taxes Expense: 877.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
Mar 30, 2021
Sold by
Russo Beata
Bought by
Kludjian James and James Kiudjian Retirement Trus
Seller's Agent
Lou Wiebe
Wiebe Real Estate
Buyer's Agent
Lou Wiebe
Wiebe Real Estate
List Price
$270,000
Sold Price
$274,200
Premium/Discount to List
$4,200
1.56%
Current Estimated Value
$357,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,574
Avg. Annual Appreciation
5.80%

Purchase Details

Listed on
Mar 17, 2021
Closed on
Mar 25, 2021
Sold by
Kludjian James
Bought by
Russo Beata
Seller's Agent
Lou Wiebe
Wiebe Real Estate
Buyer's Agent
Lou Wiebe
Wiebe Real Estate
List Price
$270,000
Sold Price
$274,200
Premium/Discount to List
$4,200
1.56%

Purchase Details

Closed on
Aug 9, 2017
Sold by
Tupper Deeann M
Bought by
Lyon Randall B

Purchase Details

Closed on
Nov 7, 2015
Sold by
Lyon Family Properties Llc
Bought by
Lyon Leslie D

Purchase Details

Closed on
Sep 13, 2015
Sold by
Lyon Leslie D
Bought by
Tupper Deeann M

Purchase Details

Closed on
Sep 22, 2010
Sold by
Lyon Leslie D and Lyon Florence M
Bought by
Lyon Family Properties Llc

Purchase Details

Closed on
Feb 28, 2004
Sold by
Lyon Leslie D and Lyon Florence Marie
Bought by
Lyon Leslie D and Lyon Florence Marie
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

Date Buyer Sale Price Title Company
Kludjian James -- Chicago Title Company
Russo Beata -- Chicago Title Company
Kludijian James $274,500 Chicago Title Company
Lyon Randall B -- None Available
Lyon Leslie D -- None Available
Tupper Deeann M -- None Available
Lyon Family Properties Llc -- None Available
Lyon Leslie D -- --
Lyon Leslie D -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2021 04/09/21 Sold $274,200 +1.6% $166 / Sq Ft
03/20/2021 03/20/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $270,000 -- $164 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,448 $296,801 $70,357 $226,444
2023 $3,448 $285,277 $67,626 $217,651
2022 $3,222 $274,200 $65,000 $209,200
2021 $862 $73,036 $12,786 $60,250
2020 $877 $72,288 $12,655 $59,633
2019 $871 $70,871 $12,407 $58,464
2018 $805 $69,482 $12,164 $57,318
2017 $796 $68,121 $11,926 $56,195
2016 $777 $66,787 $11,693 $55,094
2015 $747 $65,785 $11,518 $54,267
2014 $698 $64,497 $11,293 $53,204
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MD21056308

California Regional Multiple Listing Service (CRMLS)

APN: 010-041-011