1424 W Terrace Avenue
House in Fresno High-Roeding
Off Market
1424 West Terrace Avenue, Fresno, CA 93705

30
Map



$222,500
2
Beds
1
Bath
–
Half Bath
1,320
Ft²
$169
$/ft²
0.19
Acres
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.
The manager has listed the unit size as 1320 square feet.
LISTING AGENT
Michael McWhorterRealty Concepts, Ltd[email protected]
Building Info
Building
Building codes and typesNeighborhood
Community district, city council district, police precinct, and more.Zoning
The zoning code for this property is RS5.Geography
The property is located in zip code 93705.Building Features
Exterior
Stucco Exterior
Home Features
Rooms
Basement
Utilities
Fireplace
HVAC
Central A/CFurnace
Price History
Date/Event | Event | Price |
---|---|---|
Jun 3, 2023 No longer available | No longer available | - |
Apr 4, 2023 In contract | In contract | - |
Mar 29, 2023 Listed by Realty Concepts Ltd | Listed by Realty Concepts Ltd | $222,500 |
Property Analysis
Cap Rate Analysis
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$18,000ExpensesPer Year
$0Operating 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 | Type | Beds | Baths | ft² Price/ft² | Price Common Charges |
---|
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Neighborhood
About Fresno High-Roeding
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
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.
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.