1424 W Terrace Avenue

Off Market

1424 West Terrace Avenue, Fresno, CA 93705

$222,500
 for Sale at 1424 West Terrace Avenue, Fresno, CA 93705

30

 for Sale at 1424 West Terrace Avenue, Fresno, CA 93705
 for Sale at 1424 West Terrace Avenue, Fresno, CA 93705
 for Sale at 1424 West Terrace Avenue, Fresno, CA 93705
$222,500
2
Beds
1
Bath
Half Bath
1,320
Ft²
$169
$/ft²
0.19
Acres
Cap Rate
Est. Monthly
Cap Rate
Est. Monthly
$1,093
HUD Home! Charming HUD Home in a great location near Homan Elementary School. This lovely property features 2 bedrooms and 1 bathroom, with a detached 2-car garage that includes a separate 1/1 studio. With its classic architectural details and cute curb appeal, this home exudes character and potential. While it does require some work, it's a fantastic opportunity for those seeking a project with upside. Don't miss your chance to make this diamond in the rough shine!

The manager has listed the unit size as 1320 square feet.

LISTING AGENT


Building Info

Overview

This property was built in 1941.

General

  • Year Built

    1941
  • Actual Year Built

    1941
  • Total Rooms

    0.00
  • Bedroom Count

    2
  • Bathroom Count

    1.00
  • Full Bathrooms

    1.00
  • Partial Bathrooms

    0.00
  • Bathroom Fixture Number

    0.00
  • Building Condition

    0
  • Building Quality

    7
  • Construction Type

    17
  • Building Style

    0
  • Exterior Walls Type

    0
  • Interior Walls Type

    0
  • Roof Shape Type

    0
  • Roof Cover Type

    0
  • Floor Count

    1
  • Business/Commerical Units Count

    0.00
  • Floor Cover

    0
  • Basement Type

    0
  • Basement Area

    0.00
  • Garage Type

    7
  • Garage Square Area

    380.00
  • Parking Space Count

    1.00
  • Patio Type

    0
  • Porch Type

    0
  • Pool Type

    0

Dimensions

  • Lot Size Square Feet

    8,320
  • Lot Size Depth Feet

    1280
  • Lot Size Frontage Feet

    650
  • Total Building Area

    1,305
  • Gross Building Area

    0.00
  • Building Area

    1,305
  • Building Area Source

    L

Heating

  • Fireplace Count

    1.00
  • Air Conditioning Type

    10
  • Heat Code

    0
  • Heated Square Feet

    1,305
  • Heating Fuel Type

    0

Codes

  • Sewer System

    0
  • Water Service Type

    0

Building

Building codes and types
  • Building Type

    0
  • Property Class ID

    R
  • Subdivision

    JARVIS SUBDIVISION
  • Land Acres

    0.191
  • Standard Land Use Code

    1001
  • County Land Use Code

    SS01000
  • Legal Description 1

    1424 W TERRACE FR

Neighborhood

Community district, city council district, police precinct, and more.
  • School District Name

    Fresno Unified School District
  • Census Tract

    003702

Zoning

The zoning code for this property is RS5.
  • Zoning

    RS5

Geography

The property is located in zip code 93705.
  • Parcel

    442-222-16
  • Block

  • Lot

  • Latitude

    36.7732
  • Longitude

    -119.828

Address

  • Full Address

    1424 W Terrace Ave
  • Address - House Number

    1424
  • Street Direction

    W
  • Address - Street Name

    Terrace
  • Address - Suffix Type

    Ave
  • State

    CA
  • City Name

    Fresno
  • Carrier Code

    C017
  • 4-Digit Zip Code

    3840
  • Zip Code

    93705

Valuation

The assessed value of this property is $82,754.
  • Timestamp

    Nov 15, 2021
  • UCID Flag

    C
  • Total Area

    0.00
  • Standard Deviation

    0

Tax

  • Tax Year

    2021
  • Tax Amount

    $991
  • Tax Rate Code Area

    5-200

Open Liens

  • Total Open Liens

    1
  • Total Open Liens Amount

    $337,500

Market Valuation

  • Market Total Value

    $0
  • Market Land Value

    $0
  • Market Improvement Value

    $0

Appraisal Valuation

  • Valuation Date

    Nov 13, 2021
  • Confidence Score

    78
  • Final Value

    250,181
  • High Value

    293,060
  • Low Value

    207,302

Assessments Valuation

  • Assessed Year

    2021
  • Assessed Total Value

    $82,754
  • Assessed Land Value

    $16,613
  • Assessed Improvements Value

    $66,141

Exemptions

  • Homeowner Exemption Flag

    T

Sales

  • Current Sale Transaction ID

    0
  • Current Sales Price

    $0

Mortgages

  • First Current Mortgage Loan Amount

    $0
  • First Current Mortgage Terms

    0
  • Second Current Mortgage Loan Amount

    $0
  • Second Current Mortgage Terms

    0

Open Lien Mortgages

  • First Open Lien Mortgage Lender

    LIBERTY REVERSE MORTGAGE CO
  • First Open Lien Mortgage Recording Date

    20070419
  • First Open Lien Mortgage Financing Type

    ADJ
  • First Open Lien Mortgage Loan Amount

    $337,500
  • First Open Lien Mortgage Term

    360
  • First Open Lien Mortgage Interest Rate Type

    Y
  • First Open Lien Mortgage Position

    1
  • First Open Lien Mortgage Loan Type

    32
  • Second Open Lien Mortgage Loan Amount

    $0
  • Second Open Lien Mortgage Term

    0
  • Second Open Lien Mortgage Position

    0
  • Third Open Lien Mortgage Loan Amount

    $0
  • Third Open Lien Mortgage Term

    0
  • Third Open Lien Mortgage Position

    0
  • Fourth Open Lien Mortgage Loan Amount

    $0
  • Fourth Open Lien Mortgage Term

    0
  • Fourth Open Lien Mortgage Position

    0

Previous Mortgages

  • Previous Mortgage Loan Amount

    $0
  • Previous Mortgage Term

    0

Building Features

Exterior

Stucco Exterior

Home Features

Rooms

Basement

Utilities

Fireplace

HVAC

Central A/CFurnace

Price History

Date/EventEventPrice
Jun 3, 2023 No longer availableNo longer available-
Apr 4, 2023 In contractIn contract-
Mar 29, 2023 Listed by Realty Concepts LtdListed by Realty Concepts Ltd$222,500

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$18,000
ExpensesPer Year
$0
Operating ProfitPer Year
$18,000
Cap rate
8.09%

Price Estimate

$269,000$230,454$191,909
20232024202520262027
Current Asking Price

$222,500

HopScore Market Price

$230,454

The current asking price is $7,954.39 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges

Payment Calculator



Neighborhood

About Fresno High-Roeding

Stats & Trends

The median asking price in Fresno High-Roeding is $299,900.
  • Median Asking

    $299,900
  • Sale Price/ft²

    $229.59
  • Below Asking

    0.02%
  • Days on Market

    38

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 136 W Saginaw Way #202, Fresno, Ca, 93705

$1,500/mo

  • 2 Beds
  • 1 Bath
  • 732 ft²
136 W Saginaw Way #202, Fresno, Ca, 93705Listing by Arturo Sequeira


Local assessors in Fresno, CA have categorized 1424 West Terrace Avenue as a residential type of property. The home was built in 1941 and is 82 years old. The property's lot size has been calculated to be 8,320 square feet. The linear feet between the front and back of the lot was measured at 1,280 ft and the front of the lot was measured at 650 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1424 West Terrace Avenue has a total of 1,305 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 380 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on a refridgeration air conditioning system for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 1424 West Terrace Avenue was last assessed in 2021. The total value of the property was assessed at $82,754. Specifically, the land the property is located on was valued at $16,613. While improvements on the property were assessed at a total of $66,141. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $991. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.


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