NOT LISTED FOR SALE

1051 E 22nd St Merced, CA 95340

Merced Area
5 Beds
3 Baths
2,783 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: April 24, 2019

Last sale price $250,000 $90 Per Sq Ft

4 Days on Market

Highlights

  • No HOA
  • Washer and Dryer
  • 1-Story Property

About This Home

As of April 2019

Attention real estate investors! Great opportunity to own 3 units on 1 lot in the growing community of Merced and home to U.C. Merced. Located in an established neighborhood only minutes to downtown restaurants, coffee shops, theatre and short drive to U.C. Merced. Live in 1 unit and rent the other 2 to help pay the mortgage or rent all 3. The front house is well kept 2 bed 1 bath and rents for $800. The tastefully done garage conversion is 1 bed 1 bath and rents for $550. Back house which needs work is 2 bed 1 bath and rents for $475. The current below market rents offer great upside potential! With a small investment, this could become a fantastic income producing property.

Last Agent to Sell the Property

Ron Crain

R.J. Real Estate License #01309654 Listed on: 03/21/2019

Last Buyer's Agent

Ron Crain

R.J. Real Estate License #01309654 Listed on: 03/21/2019

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 12,197 Sq Ft Lot

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Washer and Dryer

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 034-043-022-000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.28 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Triplex
  • Year Built: 1950
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Oven,Free Standing Electric Range,Free Standing Gas Oven,Free Standing Gas Range
  • Other Equipment: Varies by Unit
  • Flooring: Wood,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 269900.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Varies by Unit

Utilities

  • Cooling: Ceiling Fan(s),Central,Evaporative Cooler,Varies by Unit
  • Heating: Central,Wall Furnace,Varies by Unit
  • Laundry Features: Washer/Dryer

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning Description: R-1-6
  • Lot Size Acres: 0.2800
  • Lot Size Sq Ft: 12197

Rental Info

  • Tenant Pays: Cable TV,Electricity
  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 3
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 034-043-022-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced

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

Listed on
Mar 21, 2019
Closed on
Apr 11, 2019
Sold by
Bought by
Seller's Agent
Ron Crain
R.J. Real Estate
Buyer's Agent
Ron Crain
R.J. Real Estate
List Price
$269,900
Sold Price
$250,000
Premium/Discount to List
-$19,900
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.3%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 26, 2005
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2003
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
$75,000
Interest Rate
5.97%
Mortgage Type
Commercial
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
$250,000 Transcounty Title Company
-- --
-- Fidelity Title Company
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
Open $269,750
Closed $200,000
Previous Owner $75,000
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
04/24/2019 04/24/19 Sold $250,000 -7.4% $90 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
03/21/2019 03/21/19 For Sale $269,900 -- $97 / Sq Ft
Source: MetroList

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 $2,948 $278,875 $61,351 $217,524
2024 $2,948 $273,408 $60,149 $213,259
2023 $2,908 $268,048 $58,970 $209,078
2022 $2,869 $262,793 $57,814 $204,979
2021 $2,863 $257,641 $56,681 $200,960
2020 $2,885 $255,000 $56,100 $198,900
2019 $1,563 $136,609 $14,199 $122,410
2018 $1,427 $134,003 $13,921 $120,082
2017 $1,480 $131,330 $13,649 $117,681
2016 $1,457 $128,768 $13,382 $115,386
2015 $1,434 $126,843 $13,181 $113,662
2014 $1,404 $124,431 $12,923 $111,508
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 19017443

MetroList

APN: 034-043-022

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