27592 Avenue 16

Madera, CA 93638

$1,300,000
Price
7
Beds
3
Baths
3,999 Sq. Ft.
$325 / Sq. Ft.
3,999
Sq. Ft.
$325
per Sq. Ft.

Description

Explore the boundless possibilities of this remarkable development opportunity nestled on just under 10 acres, boasting three distinct dwellings with a total of 6 parcel numbers, all conveniently packaged together. Located within a city poised for growth, this property is currently earmarked for potential transformation into a medium to high-density residential development, as per city planning. The 10-acre canvas holds significant potential, with the prospect of accommodating up to 15 dwelling units...Explore the boundless possibilities of this remarkable development opportunity nestled on just under 10 acres, boasting three distinct dwellings with a total of 6 parcel numbers, all conveniently packaged together. Located within a city poised for growth, this property is currently earmarked for potential transformation into a medium to high-density residential development, as per city planning. The 10-acre canvas holds significant potential, with the prospect of accommodating up to 15 dwelling units per acre under medium-density zoning or an impressive 50 dwelling units per acre with high-density zoning, as outlined by the city regulations. Buyers are encouraged to engage with the city for confirmation and explore the possibilities this property offers. The three residences on the property include a spacious 4-bedroom, 2-bathroom home spanning 2,367 sq ft, a charming 3-bedroom, 1-bathroom dwelling covering 912 sq ft, and an additional 3-bedroom, 1-bathroom residence with 720 sq ft of living space. The property's location, combined with its multiple parcels and diverse housing options, positions it as a lucrative investment opportunity. Whether you envision a carefully planned medium-density development or a high-density residential project, the possibilities for income generation are abundant. For a deeper understanding of the potential returns and to explore the various income-generating avenues this property offers, do not hesitate to contact us. Seize the chance to shape the future of this expansive property and capitalize on the city's vision for growth and development.
  1. Listed by Serina Vargas • DRE #02100431 • Tinetti Realty Group

Property Details for 27592 Avenue 16

Zoning
RRS
Living Area
3999
Area
Out of Area
Lot Size Area
398574
Assessor Parcel Number
037131009
Directions
Exit Hwy 99 onto W Cleveland Ave; Turn left onto N Lake St; Turn right onto Kennedy St; Kennedy turns into Ave 16. Property is on the right hand side

Location

Listing Courtesy of Tinetti Realty Group
Add your commute
LISTING UPDATED: 04/10/2024 02:25 PM

Property Details for 27592 Avenue 16

StatusActive
MLS #MC24033497MR
Days on Market74
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Single Family Residence
Year Built2002
Lot Size9.15 AC / 398,574 SF
CountyMadera County

Location

Listing Courtesy of Tinetti Realty Group
Add your commute

Building Information for 27592 Avenue 16

Stories1Residences-Year Built2002Building Size-Lot Size9.15 AC / 398,574 SF

Payment Calculator

$7,256 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$161

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 27592 Avenue 16

Community / Development
Community / Development
  • Number Of Units: 3
  • Community Features: Street Lights
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Public Records
  • Number Of Stories: 1
  • Unit Floor In Building: 1
  • Guest House: None
  • Entry Floor Number: 1
  • Water: Public
  • Sewer: Public Sewer
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Lot Acreage: 9.0
  • Telephone: 0.0
  • Cable: 0.0
  • Electric: Cable Available, Electricity Connected, Phone Available, Propane, Sewer Connected, Water Connected
  • Gas: Cable Available, Electricity Connected, Phone Available, Propane, Sewer Connected, Water Connected
Parking Details
Parking Details
  • Total Parking: 3
  • Garage Spaces Total: 3
  • Carport Spaces Total: 0
  • Number Of Remote Controls: 0.0
Interior Features
Interior Features
  • Cooling Type: Central
  • Heating Type: Central, Propane Gas
  • Common Walls: Detached/No Common Walls
  • Laundry: Inside
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
Lease Terms
Lease Terms
  • Listing Terms: Exchange/Trade
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 2
Unit Details
  • Number of Electric Meters: 1
  • Number of Gas Meters: 1
  • Number Leased: 3
  • Number Water Meters: 1

Property History for 27592 Avenue 16

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 27592 Avenue 16

Taxable ValueLand$9,370Additions$154,200Total$163,570
Tax Record2023$1,935 ($161 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt2,367 SqFtAbove Grade Finished SqFt2,367 SqFtStories1Lot Size21,780 SqFtStyleSingle Family ResidenceYear Built2002ZoningRRSCountyMADERAAPN037-131-009-000

Schools near 27592 Avenue 16

This home is within Madera Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
John J. Pershing Elementary School
PublicK to 6

Jack G. Desmond Middle School
Public7 to 8

Madera South High School
Public9 to 12

Sherman Thomas Stem Academy
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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27592 Avenue 16 is a multi-family home for sale in Madera, CA 93638. This property was listed for sale on February 16, 2024 by Tinetti Realty Group, it's currently listed at $1,300,000. This listing's school district is Madera Unified School District. Nearby schools include John J. Pershing Elementary School, Jack G. Desmond Middle School and Madera South High School. 27592 Avenue 16 is a 7-bed, 3-bath, 3,999 sqft multi-family home built in 2002.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tinetti Realty Group

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.