NOT LISTED FOR SALE

1326 E Alexander Ave Merced, CA 95340

North Merced Neighborhood

Estimated Value: $243,000 - $339,000

9 Beds
7 Baths
3,200 Sq Ft
$88/Sq Ft Est. Value

Last Sold April 08, 2016

Last sale price $170,000 $53 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $1,546/month

7 Days on Market

Highlights

  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window
  • Paved or Partially Paved Lot
  • Separate Outdoor Workshop
  • Wood Fence
  • Wood Siding

About This Home

As of April 2016

6 units, 2 story, approx.. 3200 sq. ft., 1 unit behind 2 story approx., 520 sq. ft., single home 2 bed approx. 1000 sq.ft. all on 2 parcels. Includes shop approx. 1500 sq. ft.

Last Agent to Sell the Property

Steve Mauzy

Next Door Real Estate License #00938081 Listed on: 03/18/2016

Last Buyer's Agent

Steve Weagel

London Properties Ltd - Merced License #01883064

London Properties Ltd - Merced

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Paved or Partially Paved Lot

Home Design

  • Property Attached
  • Fixer Upper
  • Rolled or Hot Mop Roof
  • Asphalt Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,200 Sq Ft Home
  • Neighborhood Views
  • Gas Cooktop

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Separate Outdoor Workshop

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Assessor Parcel Number 007121002000

Community Details

Overview

  • 3 Buildings
  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $38
  • Gardener Expense $200
  • Insurance Expense $124
  • Pest Control $90
  • Professional Management Expense $236
  • Trash Expense $197
  • Water Sewer Expense $279
  • Gross Income $2,630
  • Net Operating Income $1,399

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Professional Management Expense: 236.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 279.00
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Gardener Expense: 200.00
  • Parcel Number: 007121002000
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 53.12

Exterior Features

  • Other Structures: Workshop
  • View: Neighborhood
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt, Rolled/Hot Mop
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking Features: Off Street, Street

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooktop
  • Heating Type: Natural Gas, Wall Furnace
  • Pest Control Expense: 90.00
  • Sewer: Sewer Paid
  • Trash Expense: 197.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 7841.00
  • Price Per Lot Square Foot: 21.68

Multi Family

  • Electric Expense: 38.00
  • Gross Income: 2630.00
  • Gross Scheduled Income: 2630.00
  • Insurance Expense: 124.00
  • Net Operating Income: 1399.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 1231.00
  • Rent Control: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2016
Closed on
Apr 6, 2016
Sold by
Tran Loan P
Bought by
Duong Hai Tu
Seller's Agent
Steve Mauzy
Next Door Real Estate
Buyer's Agent
Steve Weagel
London Properties Ltd - Merced
List Price
$195,000
Sold Price
$170,000
Premium/Discount to List
-$25,000
-12.82%
Current Estimated Value
$281,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,359
Avg. Annual Appreciation
5.32%

Purchase Details

Listed on
Mar 18, 2016
Closed on
Mar 31, 2016
Sold by
Maxwell Melvin A and Maxwell Arlene L
Bought by
Duong Hai Tu
Seller's Agent
Steve Mauzy
Next Door Real Estate
Buyer's Agent
Steve Weagel
London Properties Ltd - Merced
List Price
$195,000
Sold Price
$170,000
Premium/Discount to List
-$25,000
-12.82%

Purchase Details

Closed on
Dec 11, 2008
Sold by
Maxwell Melvin A and Maxwell Arlene L
Bought by
Maxwell Melvin A and Maxwell Arlene L
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
Duong Hai Tu -- Transcounty Title Company
Duong Hai Tu $170,000 Transcounty Title Company
Maxwell Melvin A -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2016 04/08/16 Sold $170,000 -12.8% $53 / Sq Ft
03/25/2016 03/25/16 Pending -- -- --
03/18/2016 03/18/16 For Sale $195,000 -- $61 / 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 $865 $81,161 $53,268 $27,893
2024 $865 $79,571 $52,224 $27,347
2023 $853 $78,011 $51,200 $26,811
2022 $858 $78,083 $50,197 $27,886
2021 $856 $76,553 $49,213 $27,340
2020 $861 $75,769 $48,709 $27,060
2019 $848 $74,284 $47,754 $26,530
2018 $772 $72,828 $46,818 $26,010
2017 $801 $71,400 $45,900 $25,500
2016 $358 $31,323 $8,091 $23,232
2015 $352 $30,854 $7,970 $22,884
2014 $345 $30,250 $7,814 $22,436
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Steve Mauzy

    Next Door Real Estate

    Section Image

  • S

    Buyer's Agent in 2016

    Steve Weagel

    London Properties Ltd - Merced

    (209) 725-2100

    7 in this area

    32 Total Sales

    Steve Weagel
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC16058277

California Regional Multiple Listing Service (CRMLS)

APN: 007-121-002

California Merced County Merced 95340 North Merced

1326 E Alexander Ave, Merced, CA

Not Listed for Sale

MultiFamily

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