Many opportunities for this 9.17 Acre property with 3070 square feet home. 5 Bedrooms and 3.25 bathrooms. Located within Fresno County records, presents a unique investment opportunity in a high-growth area. Situated in Growth Area 2 as per Figure IM-2 of the Fresno General Plan, the property is currently designated as Residential - Urban Neighborhood, allowing for a density range of 16-30 dwelling units per acre.The land is part of the Southeast Development Area Specific Plan, which is still in draft form. This plan proposes to change the land use designation to Mixed Residential, offering an expanded density range of 8-60 dwelling units per acre. While the current application does not align with either the existing or proposed land use, the potential for prime residential development is immense. Located within the city of Fresno's sphere of influence, this parcel is in the path of growth and is currently zoned AE20. Don't miss out on this fantastic investment opportunity! Contact the agent to set up an appointment or for any questions.
Property Details
Property Features
Property Information:
Year Built: 2004
Stories: 1
Living Area: 3,070 SqFt
Listing Office:
Office Name: Gentile Real Estate
Office Phone: (559) 434-4999
Listing Agent: Nancy Vartanian
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 5
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 9.17 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Corner of E Shields and N Locan Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $3,500,000
Price Per SqFt: $1,140/SqFt
Tax Information:
Annual Amount: $2,498
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Fresno, CA.
This property is $3.1M more than the Median Sold Price and $892/SqFt more than other homes in Fresno, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Fresno Multiple Listing System
MLS Number: #620376
Listing Office:
Office Name: Gentile Real Estate
Office Phone: (559) 434-4999
Listing Agent: Nancy Vartanian
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: 12/21/2024, 9:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 01, 2014
Jul 01, 2014Home Sold
$249,000
Dec 15, 2011
Dec 15, 2011Home Sold
$360,000
Jan 28, 2003
Jan 28, 2003Home Sold
$177,000
Mar 24, 1988
Mar 24, 1988Home Sold
$50,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,498
$360,848
2020
$2,498
$357,149
2019
$2,604
$350,147
2018
$2,604
$343,283
2017
$4,222
$336,553
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Boris Elementary School
7071 E Clinton Ave
Distance between this listing and this school0.68 miles
Public District Grades KG-6
8
/10
Oraze Elementary School
3468 N Armstrong Ave
Distance between this listing and this school1.15 miles
Public District Grades KG-6
8
/10
Reagan Elementary School
3701 Ashlan Ave
Distance between this listing and this school1.42 miles
Public District Grades KG-6
Nearby Schools
8
/10
Reyburn Intermediate School
2901 De Wolf Ave
Distance between this listing and this school1.56 miles
Public District Grades 7-8
9
/10
Quail Lake Environmental Charter
4087 N Quail Lake Dr
Distance between this listing and this school3.27 miles
Public Charter Grades KG-8
6
/10
Clark Intermediate School
902 5th St
Distance between this listing and this school3.94 miles
Public District Grades 7-8
Nearby Schools
8
/10
Clovis East High School
2940 Leonard Ave
Distance between this listing and this school1.64 miles
Public District Grades 9-12
9
/10
Clovis High School
1055 Fowler Ave
Distance between this listing and this school3.09 miles
Public District Grades 9-12
2
/10
Clovis Community Day Secondary School
1715 David E Cook Way
Distance between this listing and this school4.22 miles
The neighbors living near this home have an average income of $94,475. Most Fresno, CA residents have annual incomes between $35k-100k. The majority of families are married, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2872 N Locan Ave
What is the listing price of this property?
The listing price of 2872 N Locan Ave property is $3,500,000.
What type of property is this?
The property 2872 N Locan Ave is a house located in Fresno, California, 93737.
Is this property for sale now?
Active Listing: 2872 N Locan Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,498 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 1, 2014 for $249,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 2872 N Locan Ave has 5 bedrooms and 3 bathrooms.
What is the square footage of this property?
The property 2872 N Locan Ave is 3,070 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2872 N Locan Ave is 2004.
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This home is located at 2872 N Locan Ave in Fresno, CA and zip code 93737 in the Southeast Growth Area neighborhood. This 3,070 square foot home, which was built in 2004, sits on a 9.17 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $3,500,000.
Over 98 listings were sold over their listed price in November 2024 in Fresno, CA. In the same period over 120 listings were sold below the listed price and 68 listings were sold for the listed price. The inventory of homes for sale in Fresno, CA between October 2024 and November 2024 decreased by 3.8%. In November 2024 median list price was $391,067 and the average listing age was 26 days.
From Rocket Homes Real Estate and based on county public records data.
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