Single-Family Home on South Knox Street, Madera, CA
Property DescriptionThis is a very old home on 1 acre in the city limits, it is currently being lived in but would need some updates and repairs before it could be rented. It has a metal building on the property and an old water well (condition unknown.) Property has City water. From the back of the property you can see the freeway. This acre has many uses. Use your imagination but ask the City of Madera first. Currently zoned for residential. This property may be able to be developed for multi-use of even commercial. At these possibilities and at this price it won't last long. Hurry before it's gone.
- Property Type: Single-Family Home
- Year Built:1951
- Square Footage:732.00
- Lot Size: 43560.00 SqFt (1.00 acres)
- Baths:1.00 (Tub/Shower)
- Siding / Exterior:Wood
- Drive way:Deta
- Air Conditioning / Heating:Central Cooling
- Water/Sewer:Public Water, Septic Tank
- Appliances:F/S Range/Oven, Refrigerator
- School District:Madera Unified
- High School:Madera South
- Junior High School:Martin Luther King
- Grade School:Cesar Chavez
- Listing Broker:Ronald Silva
- Listing Office:London Properties, Ltd.
Amenities / Utilities
- Tennis Court
A government loan program geared towards owner-occupied, first-time home buyers. Down payment can be as low as 3.5%. However, the buyer will have to pay the PMI (Principal Mortgage Insurance).
Down payment can be as low as 5%. For down payments lower than 20%, the buyer will have to pay PMI (Principal Mortgage Insurance). If the down payment is 20% or more, there will be no PMI charged to the buyer. When purchasing an owner-occupied property, interest rates may be lower as compared to purchasing an investment property. The limit for a conventional loan in Fresno County is $453,000. Loan limits are subject to change.
A loan above the conventional loan limit is considered a jumbo loan.