tomo logo

$296,000

Beds
2
Baths
1.0
sq ft
1,553

3634 E Madison Ave, Fresno, CA 93702

3634 E Madison Ave

Fresno, CA 93702

  • 21 days on market
Fantastic opportunity for the Buyer to live in the front house and continue to rent out the back unit, which would help with the mortgage payment! Two nice units in South East Fresno! Fresno Heights #2. Both units have been rented to long term tenants & each unit has their own laundry area with plenty of parking. Both units also have their own electric & gas meter. The front unit is a 2/1 house about 991 sq. ft. The back unit is about 562 sq. ft and a 1/1. The current owner has recently spent approx. $27,000 in upgrades so the net income this year reflects this expense. Rents on both units are low and could be raised. Front unit is approximately $1250 a month rent, back unit is approximately $650 a month rent. DO NOT WALK GROUNDS or disturb tenants. Call agent for your private showing today.Tenants are on a month-to-month rental agreement. There has been a new installation of a brand new water heater in the front unit.

Details

Property type

Single Family Residence

Est. home value

$278,206

Lot size

6,251 sq ft

Price per sq ft

$191

Year built

1951

Price History

01/09/2025
FresnoMLS

FresnoMLS #623587

Listed
$296,000
+0.68%
09/16/2024
FresnoMLS

FresnoMLS #584889

Removed
$294,000
09/16/2022
FresnoMLS

FresnoMLS #584889

Listed
$294,000

Schools & Community

Neighborhood: 

Roosevelt

Elementary school: 

Rowell

Middle school: 

Yosemite

High school: 

McLane

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$120,261
Asking price
$296,000
Closing costs (~8% of asking)
-$23,680
Est. remaining loan balance
-$152,059
Cash to seller
$120,261

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Amerifirst Financial Inc

Loan start date

August 2021

Original loan amount

$164,250

Est. remaining balance

$152,059

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Nema Escartin

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/30/2025 at 5:40 AM

Listing updated: 01/14/2025 at 11:30 AM

Listed by: Michelle D. Ennis, Universal Realty Services, Inc.

MLS: FresnoMLS #623587

FresnoMLS logo

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