3 months on rocket

642 N Thorne Ave, Fresno, CA, 93728

$740,000

Home List Price

$8,788*

Closing Credit

9 Bedrooms
7 Baths
3,643 SqFt
$203/SqFt
Multi

Location

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642 N Thorne Ave, Fresno$740,000

Buyer Closing Credits

$8,788*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1927
CoolingWall/Window Unit(s)
FireplaceNone
MLS #617680
Lot Size0.15 Acres
StatusActive

About 642 N Thorne Ave

Rare CASH-FLOWING 7 unit apartment building in the Tower District!There are 5 studio units and 2 2 bedroom units.Excellent 7% Cap Rate 8.9 GRM! All rents are current. No delinquencies.Current income is now $6805/mo, $81,660/yr.$10,000 discount for buyer who uses a specific lender. Please call to inquire.Shared front and backyard. No HOA fees. Separate electric meters.Only 15 minutes away from Fresno State University. The location provides easy access to Hwy 99 and nearby shopping at Costco, Walmart Supercenter, Home Depot, Target.Property is occupied and so please refrain from walking the grounds or disturbing the tenants.This is an excellent opportunity for investors to capitalize on a well-established propertyin the growing city of Fresno.

Property Details

Property Features

Property Information:

  • Year Built: 1927
  • Stories: 2
  • Living Area: 3,643 SqFt

Listing Office:

  • Office Name: eXp Realty of California, Inc.
  • Office Phone: (888) 584-9427
  • Listing Agent: Diane Tycangco

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Exterior: Fence

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: From Highway 99 take exit 135 Olive Ave, right onto N Weber Ave, left into W Thomas Ave, right into N Thorne Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $740,000
  • Price Per SqFt: $203/SqFt

Tax Information:

  • Annual Amount: $3,828
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Fresno, CA.

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Fresno, CA

City

Med. Sold Price

$391K

Med. Price/SqFt

$248

Avg. Days On Market

26

# of Sold Homes

286

642 N Thorne Ave vs Fresno

114 DAYS ON ROCKET

+88 Days

$740,000

+$348.9K More

$203/SqFt

-$45 Less

KEY TAKEAWAY

This property is $348.9K more than the Median Sold Price and $45/SqFt less 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: #617680

Listing Office:

  • Office Name: eXp Realty of California, Inc.
  • Office Phone: (888) 584-9427
  • Listing Agent: Diane Tycangco

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

Jun 12, 2020Home Sold
$350,000
Aug 29, 2016Home Sold
$265,000
Mar 27, 2015Home Sold
$189,500
Feb 01, 2012Home Sold
$80,000
Dec 27, 1985Home Sold
$58,500

Tax History

YEARPROP. TAXASSESSMENT
2021$3,828$353,625
2020$3,827$281,218
2019$3,613$275,705
2018$3,614$270,300
2017$2,616$265,000

History based on county public records data.

Payment Calculator

$3,761

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,285

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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.

Nearby Schools

school-card-donut-797349
4
/10

  • Muir Elementary School

  • 410 E Dennett Ave

  • 0.38 miles

  • Public District Grades PK-6

school-card-donut-797350
3
/10

  • Lowell Elementary School

  • 171 N Poplar Ave

  • 1.04 miles

  • Public District Grades KG-6

school-card-donut-797351
7
/10

  • Anthony Elementary School

  • 1542 E Webster Ave

  • 1.19 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,212. The majority of Fresno, CA residents have income less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Fresno County›Fresno›93728›642 N Thorne Ave

This home is located at 642 N Thorne Ave in Fresno, CA and zip code 93728 in the Fresno High-Roeding neighborhood. This 3,643 square foot home, which was built in 1927, sits on a 0.15 acre lot. Features: 9 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since August 29, 2024 and is currently priced at $740,000.

Fresno, CA housing market in November 2024 saw over 98 listings sold above listed price, more than 68 sold at listed price and over 120 sold below. The number of homes for sale in Fresno, CA decreased by 3.8% between October 2024 and November 2024. Listings spent 26 days on the market in November 2024, and had a median list price of $391,067 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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