**Prime Development Opportunity: Phase 2 of Fancher Creek Mall Development with 60 Units in Fresno, CA****Shovel-Ready Status**: This project comes shovel-ready, allowing the buyer to move forward immediately post-permit approval. Civil (onsite & offsite), Building (MEP, Structural & Architectural), Fire & Fire Sprinkler, Solar and PG&E + ALL APPROVED!All plan check fees have been paid for by the seller & buyer/builder to pay for permits and development fees**Market Rental Rates**: This Fresno Area market commands an average rent of $1,850 per month for outdated 2-bedroom, 2-bathroom units. Newer units in this development are projected to yield $2,100 per month.**Financial Metrics**: Our seller's proforma indicates an enticing 8.9% Cap Rate. However, we strongly recommend buyers to conduct their own comprehensive due diligence. Comprehensive Development Budget & Operational Budget Available During Due Diligence Period.
Property Details
Property Features
Listing Office:
Office Name: Goon Pattanumotana, Broker
Office Phone: (559) 307-4548
Listing Agent: Goon Pattanumotana
Lot Features
Lot Information:
Lot Size: 2.24 Acres
School Info
Assigned Schools Information:
Sunnyside High School, Public Magnet Grades 9-12
Kings Canyon Middle School, Public District Grades 7-8
Easterby Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: The property is located on N. Clovis Ave. approximately 0.25 Miles North of E. Tulare Ave and approximately 0.30 Miles south of Belmont Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $1,750,000
Tax Information:
Annual Amount: $2,014
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Fresno, CA.
This property is $1.3M more than the Median Sold Price in Fresno, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Fresno Multiple Listing System
MLS Number: #609579
Listing Office:
Office Name: Goon Pattanumotana, Broker
Office Phone: (559) 307-4548
Listing Agent: Goon Pattanumotana
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS). 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. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Copyright 2024 Fresno Association of Realtors. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 10:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,014
$180,000
2020
$2,013
$145,000
2019
$1,972
$145,000
2018
$1,973
$145,000
2017
$1,951
$145,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$8,802
Per Month
Principal & Interest
$8,735
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,313
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Easterby Elementary School
5211 E Tulare Ave
Distance between this listing and this school0.88 miles
Public District Grades KG-6
Middle School
3
/10
Kings Canyon Middle School
5117 E Tulare Ave
Distance between this listing and this school1.09 miles
Public District Grades 7-8
High School
3
/10
Sunnyside High School
1019 S Peach Ave
Distance between this listing and this school1.24 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Easterby Elementary School
5211 E Tulare Ave
Distance between this listing and this school0.88 miles
Public District Grades KG-6
Nearby Schools
6
/10
Fancher Creek Elementary School
5948 E Tulare Ave
Distance between this listing and this school1.03 miles
Public District Grades KG-6
3
/10
Turner Elementary School
5218 E Clay Ave
Distance between this listing and this school1.10 miles
Public District Grades KG-6
Assigned Schools
3
/10
Kings Canyon Middle School
5117 E Tulare Ave
Distance between this listing and this school1.09 miles
Public District Grades 7-8
Nearby Schools
7
/10
Edith B. Storey Elementary School
5250 E Church Ave
Distance between this listing and this school2.36 miles
Public Magnet Grades KG-7
2
/10
Elizabeth Terronez Middle School
2300 S Willow Ave
Distance between this listing and this school2.61 miles
Public District Grades 6-8
Assigned Schools
3
/10
Sunnyside High School
1019 S Peach Ave
Distance between this listing and this school1.24 miles
Public Magnet Grades 9-12
Nearby Schools
3
/10
Sierra Charter
1931 N Fine Ave
Distance between this listing and this school2.18 miles
Public Charter Grades KG-12
2
/10
Roosevelt High School
4250 E Tulare St
Distance between this listing and this school2.87 miles
The neighbors living near this home have an average income of $45,625. Most Fresno, CA residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 259 N Clovis Ave
What is the listing price of this property?
The listing price of 259 N Clovis Ave property is $1,750,000.
What type of property is this?
The property 259 N Clovis Ave is land located in Fresno, California, 93727.
Is this property for sale now?
Active Listing: 259 N Clovis Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 259 N Clovis Ave are: Easterby Elementary School: GreatSchools Rating 5/10Kings Canyon Middle School: GreatSchools Rating 3/10Sunnyside High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,014 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 259 N Clovis Ave in Fresno, CA and zip code 93727 in the Sunnyside neighborhood. This home sits on a 2.24 acre lot. It has been listed on Rocket Homes since March 18, 2024 and is currently priced at $1,750,000.
While more than 126 listings in Fresno, CA in March 2024 were sold above asking price, there were more than 63 listings sold at asking price, and more than 117 were sold below. Between February 2024 and March 2024, Fresno, CA real estate market has seen increase in the number of listings by 7.1%. In March 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $384,129.
From Rocket Homes Real Estate and based on county public records data.
Soccer
Soccer
NHRA Drag Racing
Horse Races
Burlington
Big Lots
Stein Mart
Wingstop
Golden Corral
LongHorn Steakhouse
Nissan
Kia
Buick
Christian Adult Contemporary
Adult Standards
Contemporary Inspirational