The Clovis Portfolio consists of two properties, The Lincoln built in 1987 and Alder built in1964. This offers a savvy long-term investor the opportunity to purchase an asset in thecity of Clovis, one of California's most sought-after community. Below Market Rents: The market rents at both properties are below area comps. Our RentSurvey reveals at least another 35 cents per square foot is available with no additionalupgrades. Value-Add Opportunity: With upgrades, the future owner can achieve rent premiums asmuch as $50.00 to $100.00 per month. Access to Major Employment and Education Centers: The Clovis Portfolio is just eastof California State University- Fresno. To the south is freeway 168.
Property Details
Property Features
Property Information:
Year Built: 1987
Living Area: 23,164 SqFt
Listing Office:
Office Name: Brendan Kane Real Estate
Office Phone: (559) 892-0036
Listing Agent: Brendan Kane
Interior Features
Interior Information:
Fireplace: None
Bedroom and Bathroom Information:
Total Bedroom Count: 50
Exterior Features
Parking Information:
Garage Space: 6 spaces
Parking: Carport, Uncovered
Lot Features
Lot Information:
Lot Size: 0.92 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Head north on N. Fresno Street toward W. Olive Avenue. Turn right onto W. Olive Avenue. Turn left onto N. Blackstone Avenue. Turn right onto W. Shaw Avenue. Turn left onto N. Peac Turn left onto W. Lincoln Avenue.
Price Information
Listing Price Info
Price Summary:
List Price: $4,850,000
Price Per SqFt: $209/SqFt
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 Clovis, CA.
This property is $4.3M more than the Median Sold Price and $62/SqFt less than other homes in Clovis, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Fresno Multiple Listing System
MLS Number: #618527
Listing Office:
Office Name: Brendan Kane Real Estate
Office Phone: (559) 892-0036
Listing Agent: Brendan Kane
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, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$24.2K
Per Month
Principal & Interest
$24.2K
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
$14.6K
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Cole Elementary School
615 W Stuart Ave
Distance between this listing and this school0.57 miles
Public District Grades KG-6
5
/10
Sierra Vista Elementary School
510 Barstow Ave
Distance between this listing and this school1.07 miles
Public District Grades KG-6
4
/10
Weldon Elementary School
150 Dewitt Ave
Distance between this listing and this school1.21 miles
Public District Grades KG-6
Nearby Schools
6
/10
Clark Intermediate School
902 5th St
Distance between this listing and this school1.47 miles
Public District Grades 7-8
2
/10
Ahwahnee Middle School
1127 E Escalon Ave
Distance between this listing and this school2.64 miles
Public District Grades 7-8
6
/10
Tioga Middle School
3232 E Fairmont Ave
Distance between this listing and this school2.64 miles
Public District Grades 7-8
Nearby Schools
10
/10
University High School
2611 E Matoian M/S UH134
Distance between this listing and this school1.30 miles
Public Charter Grades 9-12
3
/10
Enterprise Alternative
1550 Herndon Ave
Distance between this listing and this school2.36 miles
Public District Grades KG-12
3
/10
Gateway High (Continuation)
1550 Herndon Ave
Distance between this listing and this school2.36 miles
The neighbors living near this home have an average income of $23,239. Most Clovis, CA residents have annual incomes less than $35k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
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, AI voice, 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 581 W Lincoln in Clovis, CA and zip code 93612. This 23,164 square foot home, which was built in 1987, sits on a 0.92 acre lot. Features: 50 bedrooms, 46 bathrooms. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $4,850,000.
While more than 20 listings in Clovis, CA in November 2024 were sold above asking price, there were more than 24 listings sold at asking price, and more than 39 were sold below. The number of homes for sale in Clovis, CA decreased by 7.9% between October 2024 and November 2024. The median list price of listings available in November 2024 was $506,318, while the average time on the real estate market was 33 days.
From Rocket Homes Real Estate and based on county public records data.
Pro Boxing
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
H&M
Foot Locker
Burlington
Boston Market
Popeyes
Little Caesars
Honda
Nissan
Dodge
Rhythmic Contemporary Hits
Urban Adult Contemporary