NOT LISTED FOR SALE
2 Beds
2 Baths
5,000 Sq Ft
7,492 Sq Ft Lot

Sale Details

Date Sold: March 28, 2016

Last sale price $224,000 $45 Per Sq Ft

85 Days on Market

About This Home

As of March 2016

Calling all investors! Great opportunity to own a multi-unit rental property in Merced! Property features 8 total units and a garage building with 4 spaces! Units are all 1 bedroom, 1 bath, previously updated interior, each unit has own gas and electric meter. Great location in the heart of Merced! This is a gem!...just needs a little TLC to make it shine!

Last Agent to Sell the Property

Larissa Sherman

London Properties Ltd, Atwater License #01869953 Listed on: 02/22/2016

London Properties Ltd, Atwater

Last Buyer's Agent

Larissa Sherman

London Properties Ltd, Atwater License #01869953 Listed on: 02/22/2016

London Properties Ltd, Atwater

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,492 Sq Ft Lot
  • 1 Common Wall

Parking

  • 4 Car Garage

Home Design

  • Property Attached
  • Raised Foundation

Interior Spaces

  • 5,000 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 030242008000

Community Details

Overview

  • 4 Buildings
  • 8 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,000
  • Insurance Expense $1,000
  • Trash Expense $2,000
  • Water Sewer Expense $4,000
  • New Taxes Expense $2,875
  • Gross Income $3,400
  • Net Operating Income $24,967

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

7,492 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Maintained
  • View: Yes
  • Water Sewer Expenses: 4000.00
  • Property Type: Residential Income
  • Parcel Number: 030242008000
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 44.80
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 12.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 7492.00
  • Price Per Lot Square Foot: 29.90
  • Lot Size Acres: 0.1720

Multi Family

  • Electric Expense: 2000.00
  • Gross Income: 3400.00
  • Gross Scheduled Income: 39360.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7492.0000 Square Feet
  • Net Operating Income: 24967.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 12425.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2875.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2024
Sold by
Bought by

Purchase Details

Closed on
Aug 30, 2023
Sold by
Bought by

Purchase Details

Listed on
Feb 22, 2016
Closed on
Mar 24, 2016
Sold by
Bought by
Seller's Agent
Larissa Sherman
London Properties Ltd, Atwater
Buyer's Agent
Larissa Sherman
London Properties Ltd, Atwater
List Price
$239,000
Sold Price
$224,000
Premium/Discount to List
-$15,000
-6.28%

Purchase Details

Listed on
Feb 22, 2016
Closed on
Mar 16, 2016
Sold by
Bought by
Seller's Agent
Larissa Sherman
London Properties Ltd, Atwater
Buyer's Agent
Larissa Sherman
London Properties Ltd, Atwater
List Price
$239,000
Sold Price
$224,000
Premium/Discount to List
-$15,000
-6.28%

Purchase Details

Closed on
Feb 11, 2008
Sold by
Bought by

Purchase Details

Closed on
May 12, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
0.0686%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
-- First American Title Company
$224,000 First American Title Company
-- None Available
$112,500 Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $112,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/28/2016 03/28/16 Sold $224,000 -6.3% $45 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
11/29/2015 11/29/15 For Sale $239,000 -- $48 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,805 $613,320 $96,900 $516,420
2024 $2,805 $261,166 $52,224 $208,942
2023 $2,767 $256,069 $51,200 $204,869
2022 $2,730 $251,073 $50,197 $200,876
2021 $2,725 $246,294 $49,213 $197,081
2020 $2,745 $243,663 $48,709 $194,954
2019 $2,704 $238,909 $47,754 $191,155
2018 $2,467 $234,249 $46,818 $187,431
2017 $2,562 $229,800 $45,900 $183,900
2016 $451 $39,675 $10,361 $29,314
2015 $444 $39,116 $10,206 $28,910
2014 $435 $38,398 $10,007 $28,391
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC15253770

California Regional Multiple Listing Service (CRMLS)

APN: 030-242-008

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