NOT LISTED FOR SALE

1099 E Olive Ave Merced, CA 95340

North Merced Neighborhood

Estimated Value: $283,000 - $382,357

4 Beds
2 Baths
1,735 Sq Ft
$201/Sq Ft Est. Value

Last Sold March 14, 2024

Last sale price $310,000 $179 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,938/month

2 Days on Market

Highlights

  • Main Floor Bedroom
  • Breakfast Area or Nook
  • Bathtub with Shower
  • No HOA
  • Solar owned by a third party
  • Tile Countertops

About This Home

As of March 2024

Welcome to 1099 East Olive Ave, Merced - a diamond in the rough awaiting the touch of an investor or handyman! This home has 4 bedrooms and 2 bathrooms, offering ample space for comfortable living. Located centrally in Merced, this property presents an exceptional opportunity for those looking to capitalize on its potential. With a little TLC and sweat equity, this home can be transformed Imagine the possibilities - from updating the interiors to enhancing the curb appeal, the canvas is yours to create. Whether you're an experienced investor or a savvy homeowner ready to roll up your sleeves, this property is primed for transformation. Conveniently situated, you'll find yourself just moments away from local amenities, schools, and major thoroughfares, ensuring easy access to everything Merced has to offer. Don't miss out on this chance to make your mark and unlock the hidden value of 1099 East Olive Ave. Schedule a showing today and seize the opportunity to turn this house into your home.

Last Agent to Sell the Property

Teri Kleinen

Better Homes and Gardens Real Estate Everything Real Estate License #01961434 Listed on: 02/16/2024

Better Homes and Gardens Real Estate Everything Real Estate

Last Buyer's Agent

Jeff Lawry

London Properties LTD License #01310152

London Properties LTD

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 8,224 Sq Ft Lot
  • Landscaped
  • Zoning described as R1-6

Home Design

  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,735 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace
  • Family Room with Fireplace

Kitchen

  • Breakfast Area or Nook
  • Tile Countertops

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Garage
  • Garage Door Opener

Eco-Friendly Details

  • Solar owned by a third party

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater

Community Details

  • No Home Owners Association
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 006-141-007-000

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Subtype Description: Tract
  • Property Subtype 1: Single Family Residence
  • Remodeled Updated: No
  • Year Built: 1960
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplace Features: Family Room, Wood Burning
  • Fireplaces: 1
  • Flooring: Carpet, Linoleum
  • Total Bathrooms: 2
  • Bathroom Features: Tub w/Shower Over
  • Dining Room Features: Breakfast Nook, Space in Kitchen
  • Kitchen Features: Tile Counter
  • Living Room Features: Other
  • Main Level: Bedroom(s), Family Room, Garage, Kitchen
  • Price Per Square Foot: 178.67
  • Square Footage: 1735.00

Exterior Features

  • Construction Materials: Frame
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 275000.00
  • Lot Features: Landscape Front
  • New Construction: No
  • Pool: No
  • Roof: Shingle, Composition
  • Spa: No

Garage/Parking

  • Parking Features: Garage Door Opener

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Electric, Natural Gas Connected
  • Cooling: Ceiling Fan(s), Central
  • Electric: 220 Volts in Laundry, Photovoltaics Third-Party Owned
  • Heating: Central
  • Laundry Features: Inside Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning Description: R1-6
  • Irrigation: None
  • Lot Size Acres: 0.1888
  • Lot Size Sq Ft: 8224.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Type: Net

Multi Family

Tax Info

  • Assessor Parcel Number: 006-141-007-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Mar 7, 2024
Sold by
Lucinda L Zimmer Trust and Schuler Linette L
Bought by
Bean Jared James
Seller's Agent
Teri Kleinen
Better Homes and Gardens Real Estate Everything Real Estate
Buyer's Agent
Jeff Lawry
London Properties LTD
List Price
$275,000
Sold Price
$310,000
Premium/Discount to List
$35,000
12.73%
Views
58
Current Estimated Value
$349,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,089
Avg. Annual Appreciation
6.86%
Original Mortgage
$248,000
Outstanding Balance
$243,875
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$105,214
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bean Jared James $310,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bean Jared James $248,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2024 03/14/24 Sold $310,000 0.0% $179 / Sq Ft
02/18/2024 02/18/24 Pending -- -- --
02/17/2024 02/17/24 Off Market $310,000 -- --
02/16/2024 02/16/24 For Sale $275,000 -- $159 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Tax History

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 $1,307 $316,200 $122,400 $193,800
2024 $1,307 $128,027 $38,400 $89,627
2023 $1,288 $125,518 $37,648 $87,870
2022 $1,268 $123,058 $36,910 $86,148
2021 $1,264 $120,646 $36,187 $84,459
2020 $1,272 $119,409 $35,816 $83,593
2019 $1,251 $117,068 $35,114 $81,954
2018 $1,139 $114,774 $34,426 $80,348
2017 $1,181 $112,524 $33,751 $78,773
2016 $1,161 $110,319 $33,090 $77,229
2015 $1,141 $108,662 $32,593 $76,069
2014 $1,115 $106,534 $31,955 $74,579
Source: Public Records

Agents Affiliated with this Home

  • Teri Kleinen

    Seller's Agent in 2024

    Teri Kleinen

    Better Homes and Gardens Real Estate Everything Real Estate

    (209) 261-4509

    65 in this area

    167 Total Sales

    Teri Kleinen
    Section Image
  • Jeff Lawry

    Buyer's Agent in 2024

    Jeff Lawry

    London Properties LTD

    (209) 261-8969

    58 in this area

    144 Total Sales

    Jeff Lawry
    Section Image
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Map

Source: MetroList

MLS Number: 224014175

MetroList

APN: 006-141-007

California Merced County Merced 95340 North Merced

1099 E Olive Ave, Merced, CA

Not Listed for Sale

Detached

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