NOT LISTED FOR SALE

1175 N Parsons Ave Merced, CA 95341

Southeast Merced Neighborhood
2 Beds
1 Bath
3,600 Sq Ft
0.44 Acres

Last Sold November 22, 2021

Last sale price $505,300 $140 Per Sq Ft

28 Days on Market

Highlights

  • 0.44 Acre Lot
  • Central Air
  • Wood Siding
  • 1-Story Property

About This Home

As of November 2021

2 Duplexes on 1 lot in great location. Across the street from Golden Valley High School and easy access to SR 99 for commuters. Units have excellent rental history with long term tenants. There appears to be space in the rear to build additional Duplex ( with the approval of the City of Merced). Each unit is 2 bdrm, 1 bath and approx 900 sq ft. Each unit has a small outdoor storage closet, central heat & air, all have indoor washer and dryer hookups. Rents are currently $750 monthly. A current rental survey indicated the rents of $850-$900 per unit. NOTE: Expenses and net operating income are estimates ONLY. All information regrading income and operating expenses shall be provided during Buyer inspection and Investigation period and shall be subject to Buyers approval. UNITS are: 1175, 1179, 1185, and 1189.

Last Agent to Sell the Property

Melinda Price

London Properties, Ltd. License #01116263 Listed on: 09/16/2021

London Properties, Ltd.

Last Buyer's Agent

Nonmember Nonmember

Nonmember

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.44

Parking

  • Uncovered Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,600 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • 0.44 Acre Lot
  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, gas

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: Duplex
  • Price Per Square Foot: 140.36
  • Year Built Exception: 0
  • Stories: One
  • Special Features: None
  • Year Built: 1979

Interior Features

  • Fireplace: None
  • Refrigerator: All Units
  • Stove: All units
  • Bathrooms: 1.00
  • Bedrooms: 2
  • Square Footage: 3600.00

Exterior Features

  • Roofing: Composition
  • Exterior: Wood, Brick
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Uncovered

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water
  • Heat/Cool: Central Heat/Cool

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.4441
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 19345.00
  • Price Per Acre: 1137806.80

Building Info

  • Year Built: 1979

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 36000.00
  • IncomeIncludes: Unit Rent, Month to Month
  • Total Units: 4

MLS Schools

  • School District 2: Merced

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2021 11/22/21 Sold $505,300 -8.0% $140 / Sq Ft
10/14/2021 10/14/21 Pending -- -- --
10/05/2021 10/05/21 For Sale $549,000 0.0% $153 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $549,000 -- $153 / Sq Ft
Source: Fresno MLS

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 $5,713 $536,141 $95,508 $440,633
2024 $5,713 $525,657 $93,636 $432,021
2023 $5,577 $515,518 $91,800 $423,718
2022 $5,551 $505,440 $90,000 $415,440
2021 $2,164 $190,091 $31,367 $158,724
2020 $2,142 $188,161 $31,046 $157,115
2019 $2,099 $184,508 $30,438 $154,070
2018 $2,036 $180,927 $29,842 $151,085
2017 $2,004 $177,415 $29,257 $148,158
2016 $2,021 $173,973 $28,684 $145,289
2015 $1,962 $171,388 $28,254 $143,134
2014 $1,907 $168,067 $27,701 $140,366
Source: Public Records

Agents Affiliated with this Home

  • Melinda Price

    Seller's Agent in 2021

    Melinda Price

    London Properties, Ltd.

    (209) 617-2851

    2 in this area

    65 Total Sales

    Melinda Price
    Section Image

  • N

    Buyer's Agent in 2021

    Nonmember Nonmember

    Nonmember

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Map

Source: Fresno MLS

MLS Number: 566563

Fresno MLS

APN: 035-150-045

California Merced County Merced 95341 Southeast Merced

1175 N Parsons Ave, Merced, CA

Not Listed for Sale

MultiFamily

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