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Serina Vargas
Tinetti Realty
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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.
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Sewer: Public Sewer
Laundry Features: In Each Unit
Carpet
Heating: Central
Cooling: Ceiling Fan(s),Central
Water Source: Public
Year Built: 2002
Stories: 1
Construction: Stucco
Foundation Details: Slab
Foundation Details: Slab
In Each Unit
Lot Description: Shape Regular
Lot Square Feet: 398,574
Property Type: ResidentialIncome
Sub Type: Other
Construction Materials: Stucco
Property Age: 22
Cross Street: Jericho Dr
Source Neighborhood: 23001
Postal Code Plus 4: 1808
Area: Madera S: 93638
Zoning: RRS
Structure Type: Planned Unit Develop
Irrigation Source: None
Listing Id: 224014539
List Price: $1,299,000
Parcel Number: 037-131-009
Parking Total: 6
Carport,Garage
Association YN : No
Calculated Total Monthly Association Fees : $0
Elementary School District: Other
Junior High School District: Other
Senior High School District: Other
Cable Available,City,Electric,Internet Available
Direction: 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
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
19972 Olympia, Madera, CA,93638 | $599,000 | 4 | 2 | 2,083 | 85813 Sqft |
19700 Road 26, Madera, CA,93638 | $3,869,955 | -- | -- | -- | 6042643.2 Sqft |
29285 Ave 19 1/2, Madera, CA,93638 | $1,440,473 | -- | -- | -- | 3498739.2 Sqft |
26740 Avenue 23, Madera, CA,93638 | $1,928,205 | -- | -- | -- | 5121349.2 Sqft |
Valley Lake Ranchos Lot.., Madera, CA,93638 | $165,000 | -- | -- | -- | 87120 Sqft |
Gardena Drive, Madera, CA,93638 | $479,900 | 4 | 3 | 2,836 | -- |
Pear Street, Madera, CA,93638 | $519,900 | 5 | 3 | 2,763 | -- |
Road 26, Madera, CA,93638 | $3,869,955 | -- | -- | -- | -- |
Madera Lnd Park 1 Lot 61, Madera, CA,93638 | $110,000 | -- | -- | -- | -- |
Road 26, Madera, CA,93638 | $1,440,473 | -- | -- | -- | -- |
ByOwner last updated this listing 05/14/2024 @ 17:23
MLS: 224014539
LISTED BY: Serina Vargas, Tinetti Realty
SOURCE: MLS Metrolist
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.