NOT LISTED FOR SALE

1241 N Main St Manteca, CA 95336

Downtown Manteca Neighborhood

Estimated Value: $2,073,362

3.53 Acres
$587,355 Price per Acre
153,767 Sq Ft Lot

Last Sold August 28, 2019

Last sale price $680,000

Est. 205% increase in value since last sale

Current estimated payment $10,738/month

1,068 Days on Market

Highlights

  • 3.53 Acre Lot
  • No HOA
  • Partially Fenced Property

About This Lot

As of August 2019

Great investment opportunity & ready for development. Adjacent lot has started building Chevron gas station. Situated in the city limits of Manteca & across from Shopping Center & adjacent to other commercial businesses. Much frontage exposure, street visibility & excellent high traffic area. Approx. 3.5 acres of a leveled flagged lot that can also be developed for Multi-units, Hotel or build to suit. Prime location at the intersection of Lancaster and Main St. Surrounded by retail/commercial.

Last Agent to Sell the Property

Robert Arroyo

PMZ Real Estate License #01336300 Listed on: 06/21/2016

PMZ Real Estate

Last Buyer's Agent

Jon Zagaris

PMZ Real Estate License #00578338

PMZ Real Estate

Property Details

Property Type

  • Land

Lot Details

  • 3.53 Acre Lot
  • Partially Fenced Property
  • Possible uses of the property include Commercial,Residential,See Remarks
  • Property is zoned Commercial(CMU), Business/Professional,Commercial,Multi-Residential,Office

Utilities

  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 216-340-60

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype 1: Commercial Acreage
  • Primary Residence: None
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Other Equipment: None

Exterior Features

  • Other Structures: None
  • Disclosures/Documents: CC&Rs,Easement,Preliminary Title Report,Restaurant Nearby,Shopping Cntr Nearby,See Remarks,Mineral Rights CLA,Public Records
  • Fencing: Partial
  • Horse Property: No
  • Listing Price: 690000.00
  • Lot Features: Curb(s),Flag,Gutter(s),Public Trans Nearby,Shape Irregular,Sidewalk(s),See Remarks
  • Road Frontage: Easement,See Remarks
  • Road Surface Type: Gravel,See Remarks
  • Additional Living Units: No
  • Soil: See Remarks

Utilities

  • Sewer: None
  • Utilities: See Remarks
  • Water Source: None,See Remarks

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Manteca Unified

Lot Info

  • Zoning: Commercial(CMU)
  • Crops: None
  • Current Use: See Remarks,Vacant
  • Development Status: Lot Build To Suit,See Remarks
  • Number of Lots: 1
  • Zoning Description: Business/Professional,Commercial,Multi-Residential,Office
  • Irrigation: None
  • Lot Size Acres: 3.5300
  • Lot Size Sq Ft: 153767
  • Possible Use: Commercial,Residential,See Remarks

Multi Family

  • Income Includes: None

Tax Info

  • Assessor Parcel Number: 216-340-60
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2024
Sold by
1241 N Main Llc
Bought by
Bold Manteca Lp
Current Estimated Value
$2,073,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Outstanding Balance
$2,467,605
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
-$582,334

Purchase Details

Closed on
Apr 7, 2023
Sold by
Gill Kanwar
Bought by
1241 N Main Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,665,000
Interest Rate
10%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 21, 2016
Closed on
Aug 21, 2019
Sold by
Kaur Kamal Preet
Bought by
Singh Jasvir
Seller's Agent
Robert Arroyo
PMZ Real Estate
Buyer's Agent
Jon Zagaris
PMZ Real Estate
List Price
$1,219,680
Sold Price
$680,000
Premium/Discount to List
-$539,680
-44.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.24%

Purchase Details

Listed on
Jun 21, 2016
Closed on
Aug 14, 2019
Sold by
Grewal Amardeep Kaur
Bought by
Pannu Ajitpal
Seller's Agent
Robert Arroyo
PMZ Real Estate
Buyer's Agent
Jon Zagaris
PMZ Real Estate
List Price
$1,219,680
Sold Price
$680,000
Premium/Discount to List
-$539,680
-44.25%

Purchase Details

Closed on
Sep 13, 2004
Sold by
Adams Auther E and Adams Deena R
Bought by
The Kingsway Property Family Lp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bold Manteca Lp $2,500,000 None Listed On Document
1241 N Main Llc $1,850,000 First American Title
Singh Jasvir -- North American Title Concord
Pannu Ajitpal -- North American Title Concord
Singh Baljinder -- North American Title Co Inc
Gill Kanwar -- North American Title Concord
Gill Kanwar $680,000 North American Title Concord
The Kingsway Property Family Lp -- --
Adams Auther E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bold Manteca Lp $2,500,000
Previous Owner 1241 N Main Llc $1,665,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2019 08/28/19 Sold $680,000 -1.4% --
05/24/2019 05/24/19 Pending -- -- --
05/06/2019 05/06/19 Price Changed $690,000 -43.4% --
06/20/2016 06/20/16 For Sale $1,219,680 -- --
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 $36 $2,500,000 $2,500,000 --
2024 $20,812 $1,887,000 $1,887,000 --
2023 $7,973 $714,799 $714,799 $0
2022 $7,855 $700,784 $700,784 $0
2021 $7,770 $687,044 $687,044 $0
2020 $7,456 $680,000 $680,000 $0
2019 $8,772 $615,000 $615,000 $0
2018 $6,836 $615,000 $615,000 $0
2017 $6,871 $615,000 $615,000 $0
2016 $6,840 $615,000 $615,000 $0
2014 $5,893 $550,000 $550,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Arroyo

    Seller's Agent in 2019

    Robert Arroyo

    PMZ Real Estate

    (209) 825-2010

    2 in this area

    78 Total Sales

    Robert Arroyo
    Section Image
  • Jon Zagaris

    Buyer's Agent in 2019

    Jon Zagaris

    PMZ Real Estate

    (209) 548-4570

    1 Total Sale

    Jon Zagaris
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 16039723

MetroList

APN: 216-340-60

California San Joaquin County Manteca 95336 Downtown Manteca

1241 N Main St, Manteca, CA

Not Listed for Sale

Lots

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