Nai Saetern
Real Brokerage Technologies, Inc.
(209) 600-0372
78 Total Sales
32 in South Merced
$285K - $460K Price Range
1206 U St Merced, CA 95341
South Merced Neighborhood
6
Beds
4
Baths
2,088
Sq Ft
7,500
Sq Ft Lot
Highlights
- Laundry Room
- Central Heating and Cooling System
- 1-Story Property
About This Home
As of November 2024Are you searching for your next great multifamily investment in Merced? Look no further. This well-maintained four-unit property offers tremendous potential for a fantastic possibility. Conveniently tucked away, this property has consistently attracted excellent tenants, including several long-term residents. With the opportunity to increase rents, this investment offers a strong potential cap rate. Call me for more information today!
Last Agent to Sell the Property
BHGRE Everything Real Estate Brokerage Phone: 209-769-3934 License #02154006 Listed on: 08/01/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 7,500 Sq Ft Lot
- Two or More Common Walls
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,088 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 9 / 260
- Assessor Parcel Number 031281008000
- $114 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Insurance Expense $2,714
- Maintenance Expense $1,682
- Other Expense $1,293
- Professional Management Expense $2,404
- Water Sewer Expense $4,555
- Operating Expense $12,650
- Gross Income $30,060
- Net Operating Income $17,410
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
Jan 30, 2025
Sold by
Chai Michael
Bought by
Purchase Details
Listed on
Aug 1, 2024
Closed on
Nov 19, 2024
Sold by
Gary M Sandino Trust and Sandino Family 2021 Trust
Bought by
Chai Michael
Seller's Agent
Eric Jaurique-Pouncey
BHGRE Everything Real Estate
Buyer's Agent
Jose Cibrian
Exit Realty Consultants
List Price
$525,000
Sold Price
$458,000
Premium/Discount to List
-$67,000
-12.76%
Views
26
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,600
Interest Rate
5.41%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 29, 2021
Sold by
Sandino Rita M
Bought by
Rita M Sandino Trust and Sandino
Purchase Details
Closed on
Jan 26, 2021
Sold by
Sandino Perry F
Bought by
Sandino Perry F and The Sandino Family 2021 Trust
Purchase Details
Closed on
Oct 27, 2020
Sold by
Joanne C Sandino 2012 Trust and Sandino Gary M
Bought by
Gary M Sandino Trust and Sandino
Purchase Details
Closed on
Jun 18, 2015
Sold by
Sandino Joanne C
Bought by
Sandino Joanne C and Joanne C Sandino 2012 Trust
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Merced, CA
-
Nai Saetern
-
Jose Hernandez
Jose Hernandez
Integrity Estates Realty
(669) 279-3168
48 Total Sales
1 in South Merced
$356,000 Price
-
Ben Bazar
Ben Bazar
RE/MAX Executive
(209) 497-5769
82 Total Sales
3 in South Merced
$228K - $257K Price Range
-
Ernest Salinas
Ernest Salinas
eXp Realty of California Inc
(415) 993-5842
108 Total Sales
1 in South Merced
$272,500 Price
-
Angeles Lomeli
Angeles Lomeli
Lifestyle Realty
(209) 219-3822
109 Total Sales
8 in South Merced
$160K - $390K Price Range
-
Monica Franks
Monica Franks
HomeSmart PV & Associates
(209) 222-2808
58 Total Sales
1 in South Merced
$250,000 Price
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 | ||
| Chai Michael | $458,000 | Wfg National Title | |
| Rita M Sandino Trust | -- | None Listed On Document | |
| Sandino Perry F | -- | None Available | |
| Gary M Sandino Trust | -- | None Listed On Document | |
| Sandino Joanne C | -- | None Available |
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 |
|---|---|---|---|
| Previous Owner | $320,600 |
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 |
|---|---|---|---|---|
| 11/26/2024 11/26/24 | Sold | $458,000 | -8.4% | $219 / Sq Ft |
| 10/27/2024 10/27/24 | Pending | -- | -- | -- |
| 09/30/2024 09/30/24 | Price Changed | $500,000 | -4.8% | $239 / Sq Ft |
| 08/01/2024 08/01/24 | For Sale | $525,000 | -- | $251 / 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 |
|---|---|---|---|---|
| 2026 | $5,099 | $467,160 | $96,900 | $370,260 |
| 2025 | $1,299 | $458,000 | $95,000 | $363,000 |
| 2024 | $1,299 | $119,041 | $7,622 | $111,419 |
| 2023 | $1,281 | $116,708 | $7,473 | $109,235 |
| 2022 | $1,263 | $114,421 | $7,327 | $107,094 |
| 2021 | $1,261 | $112,179 | $7,184 | $104,995 |
| 2020 | $1,269 | $111,030 | $7,111 | $103,919 |
| 2019 | $1,250 | $108,854 | $6,972 | $101,882 |
| 2018 | $1,140 | $106,721 | $6,836 | $99,885 |
| 2017 | $1,183 | $104,629 | $6,702 | $97,927 |
| 2016 | $1,165 | $102,578 | $6,571 | $96,007 |
| 2015 | $1,147 | $101,038 | $6,473 | $94,565 |
| 2014 | $1,122 | $99,060 | $6,347 | $92,713 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Jaurique-Pouncey
Seller's Agent in 2024
Eric Jaurique-Pouncey
BHGRE Everything Real Estate
(209) 383-7653
3 in this area
53 Total Sales
-
Jose Cibrian
Buyer's Agent in 2024
Jose Cibrian
Exit Realty Consultants
(209) 658-9116
5 in this area
121 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MC24158649
APN: 031-281-008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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