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508 South Gateway Drive

508 South Gateway Drive, Madera, CA 93637
Commercial in Madera
508 South Gateway Drive in Madera, CA was first built in 1939 and is 85 years old. This has been categorized as a commercial property type. It is a single story home. This is a single bedroom home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 508 South Gateway Drive has 2,160 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 13,086 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. The garage is 1,824 sqft. There are a total of 6 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing floor/wall heating system. The property was last sold in Nov 17, 2016 for $550,000. That's $254.63 per sqft. Prior to that sales transaction, the property was also sold in Jan 22, 2003 for $375,000. 508 South Gateway Drive was last assessed in 2023. The total value of the property was assessed at $245,413. Specifically, the land the property is located on was valued at $78,085. While improvements on the property were assessed at a total of $167,328. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $2,798. The initial tax year of delinquency was in 2019. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210624
06/24/2021
Loft
-
2880 ft²
$499,950
bedrooms
Loft
bathrooms
-
square feet
2880 ft²
-
-
-
George Massalas
BIZ Builder.Com

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Building Count: 1
  • Total Rooms: 2
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,824
  • Garage Type: Attached
  • Garage Square Area: 1,824
  • Parking Space Count: 6

    Dimensions

  • Lot Size Square Feet: 13,086
  • Total Building Area: 2,160
  • Gross Building Area: 2,160
  • Building Area: 2,160
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Floor/wall
  • Heated Square Feet: 2,160
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: HUGHES ADD
  • Land Acres: 0.3
  • Standard Land Use Code: Service station (full service)
  • Legal Description 1: HUGHES ADD LOTS 6 TO 10 INCL BLK 4

Ownership

  • Current Owner : WEST COAST TIRES & AUTO CENTER LLC
  • Previous Owner : FUTURE INVESTMENTS LTD
  • Owner Before Previous Owner: HENSLEY WILLIAM B
  • Owner Before Previous Owner 2: HENSLEY NORA
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Madera Unified School District
  • Census Tract: 000802

Geography

  • Parcel: 010-213-002-000
  • Block: 4
  • Lot: 6-10
  • Latitude: 36.9565
  • Longitude: -120.056

    Address

  • Full Address: 508 S Gateway Dr
  • Address - House Number: 508
  • Street Direction: S
  • Address - Street Name: Gateway
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Madera
  • Carrier Code: C018
  • 4-Digit Zip Code: 4719
  • Zip Code: 93637

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,798
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 002040

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: FRESNO FIRST BANK
  • First Open Lien Mortgage Recording Date: Jun 03, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,413
  • Assessed Land Value: $78,085
  • Assessed Improvements Value: $167,328

    Sales

  • Current Sale Contract Date: Nov 17, 2016
  • Current Sale Recording Date: Nov 30, 2016
  • Current Sale Transaction ID: 1878921612
  • Current Sale Price: $550,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2016030504
  • Previous Sale Recording Date: Jan 31, 2003
  • Previous Sale Contract Date: Jan 22, 2003
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOPES FAMILY TRUST
  • First Mortgage Transaction Date: Nov 30, 2016
  • First Mortgage Loan Amount: $450,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: THE WILLIAM B & NORA HENSLEY T
  • Previous Mortgage Transaction Date: Jan 31, 2003
  • Previous Mortgage Loan Amount: $275,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back

About Madera



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Nearby Rentals

Unit for rent at

$0 /mo

  • 3 Beds
  • 2 Baths

Frequently Asked Questions

What neighborhood is 508 South Gateway Drive located in?
The 508 South Gateway Drive is a commercial located in the neighborhood of Madera in Madera, Madera.
What is the average sales price for listings in 508 South Gateway Drive?
The average sales price for units in 508 South Gateway Drive is $0 currently.

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