NOT LISTED FOR SALE

Estimated Value: $242,000 - $338,000

4 Beds
2 Baths
1,033 Sq Ft
$286/Sq Ft Est. Value

Last Sold February 24, 2015

Last sale price $100,000 $97 Per Sq Ft

Est. 196% increase in value since last sale

Current estimated payment $1,675/month

161 Days on Market

Highlights

  • Wooded Lot
  • Private Yard
  • Neighborhood Views
  • Great Room
  • No HOA
  • Front Porch

About This Home

As of February 2015

City of Merced Housing Division Home located near Highway 99 in Merced. This Ranch Style Home is in immaculate condition and has undergone a complete renovation by the City of Merced. Property is situated near Mini-Marts, Restaurants, Shopping and Downtown. Home includes newer Vinyl Flooring and Carpet throughout, interior paint, updated fixtures, doors and updated bathrooms. Some of the interior amenities are: indoor laundry, Newer Counter Tops, Kitchen Cabinets, Dual Pane Windows, Newer HVAC System, Appliances, Hot Water Heater, Alarm System, Newer Composition Shingle Roof and a Covered Front Porch. The home was converted to a 4 Bedroom and 2 Bath from its original 3 Bed / 1 Bath design. The back fence has recently been replaced, which leads to the alley, the Backyard is oversized and spacious for entertaining, parking Boat, RV, extra vehicle, etc. and has a couple of mature trees for added shade during the Hot Summer Months. Front yard has a Newer Sprinkler System and Sod, which gives this home a really nice curb appeal. Don't wait to see this one, as it is a real keeper and will sell quickly.

Last Agent to Sell the Property

Scott A Oliver

Concierge Real Estate Services License #01335699 Listed on: 07/11/2014

Last Buyer's Agent

Guillermo Bravo

Homesmart PV & Associates License #01441674

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,285

Year Built

  • Built in 1929 | Remodeled

Lot Details

  • 7,501 Sq Ft Lot
  • Property fronts an alley
  • Wood Fence
  • Redwood Fence
  • Wire Fence
  • Fence is in average condition
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Front Yard Sprinklers
  • Wooded Lot
  • Private Yard
  • Lawn
  • Back and Front Yard
  • On-Hand Building Permits
  • Property is zoned R-4

Home Design

  • Turnkey
  • Additions or Alterations
  • Raised Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,033 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Window Screens
  • Panel Doors
  • Entryway
  • Great Room
  • Combination Dining and Living Room
  • Utility Room
  • Center Hall
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Free-Standing Range
  • Range Hood
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Parking

  • 2 Parking Spaces
  • Parking Available
  • Level Lot
  • Driveway
  • Paved Parking
  • Uncovered Parking
  • RV Potential

Outdoor Features

  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Front Porch

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Overhead Utilities
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 7&8 / 248
  • Assessor Parcel Number 031341005000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,285

Year Built

Built in 1929 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Security System
  • Subdivision Name Other: Merced Lot
  • View: Yes
  • Zoning: R-4
  • Architectural Style: Ranch
  • Property Condition: Additions/Alterations, Building Permit, Updated/Remodeled, Termite Clearance, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 031341005000
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1033.00
  • Interior Amenities: Formica Counters, Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Panel Doors
  • Eating Area: In Living Room
  • Levels: One
  • Price Per Square Foot: 96.81
  • Room Type: Center Hall, Entry, Great Room, Master Bedroom, Utility Room
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Needs Repair, Redwood, Wood, Wire
  • Patio And Porch Features: Front Porch
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Driveway, RV Potential, Uncovered
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Range Hood, Vented Exhaust Fan
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Electric Dryer Hookup, Inside, Individual Room, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Suburban

Schools

  • School District: Merced City

Lot Info

  • Lot Features: Back Yard, Front Yard, Level, Lawn, Rectangular Lot, Lot 6500-9999, Paved, Sprinklers In Front, Sprinklers Timer, Sprinkler System, Treed Lot, Utilities - Overhead, Up Slope from Street, Yard
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1720

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7501.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 248
  • Tax Lot: 7&8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2014
Closed on
Feb 12, 2015
Sold by
City Of Merced
Bought by
Torres Jorge
Seller's Agent
Scott A Oliver
Concierge Real Estate Services
Buyer's Agent
Guillermo Bravo
Homesmart PV & Associates
List Price
$124,900
Sold Price
$100,000
Premium/Discount to List
-$24,900
-19.94%
Current Estimated Value
$295,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,729
Avg. Annual Appreciation
10.57%
Original Mortgage
$91,575
Outstanding Balance
$70,290
Interest Rate
3.66%
Mortgage Type
FHA
Estimated Equity
$219,895

Purchase Details

Listed on
Jul 11, 2014
Closed on
Feb 6, 2015
Sold by
Osegura Leticia
Bought by
Torres Jorge
Seller's Agent
Scott A Oliver
Concierge Real Estate Services
Buyer's Agent
Guillermo Bravo
Homesmart PV & Associates
List Price
$124,900
Sold Price
$100,000
Premium/Discount to List
-$24,900
-19.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,575
Outstanding Balance
$70,290
Interest Rate
3.66%
Mortgage Type
FHA
Estimated Equity
$219,895

Purchase Details

Closed on
Nov 28, 2011
Sold by
Pagley Alex A and Pagley Janet
Bought by
City Of Merced

Purchase Details

Closed on
Mar 16, 2011
Sold by
Pagley Alex and Pagley Janet
Bought by
Pagley Alex A and Pagley Janet
Source: Public Records

Range of Values:

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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
Torres Jorge $100,000 Fidelity National Title Co
Torres Jorge -- Fidelity National Title Co
City Of Merced -- Transcounty Title Company
Pagley Alex -- Transcounty Title Company
Pagley Alex A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Jorge $91,575
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2015 02/24/15 Sold $100,000 0.0% $97 / Sq Ft
12/19/2014 12/19/14 Pending -- -- --
12/06/2014 12/06/14 Price Changed $99,995 -12.9% $97 / Sq Ft
10/07/2014 10/07/14 Price Changed $114,750 -4.3% $111 / Sq Ft
09/09/2014 09/09/14 Price Changed $119,900 -4.0% $116 / Sq Ft
07/11/2014 07/11/14 For Sale $124,900 -- $121 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $1,285 $120,176 $48,070 $72,106
2024 $1,285 $117,821 $47,128 $70,693
2023 $1,268 $115,511 $46,204 $69,307
2022 $1,250 $113,248 $45,299 $67,949
2021 $1,247 $111,028 $44,411 $66,617
2020 $1,256 $109,890 $43,956 $65,934
2019 $1,237 $107,737 $43,095 $64,642
2018 $1,129 $105,625 $42,250 $63,375
2017 $1,171 $103,555 $41,422 $62,133
2016 $1,153 $101,525 $40,610 $60,915
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC14146366

California Regional Multiple Listing Service (CRMLS)

APN: 031-341-005