NOT LISTED FOR SALE
3 Beds
3 Baths
1,989 Sq Ft
3,751 Sq Ft Lot

Last Sold July 10, 2015

Last sale price $50,000 $25 Per Sq Ft

6 Days on Market

About This Home

As of July 2015

Motivated Seller! Looking for a cash buyer on this 4 unit rental in commercial zoning. A true fixer. Perfect opportunity for future business on Main Street in the growing hometown of UC Merced.

Last Agent to Sell the Property

Monica Franks

Homesmart PV & Assoc., Merced License #01269788 Listed on: 06/29/2015

Homesmart PV & Assoc., Merced

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 1952

Lot Details

  • 3,751 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Interior Spaces

  • 1,989 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 031162003000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $500
  • Water Sewer Expense $3,216
  • New Taxes Expense $825
  • Gross Income $1,600
  • Net Operating Income $14,659

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

3,751 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3216.00
  • Property Type: Residential Income
  • Parcel Number: 031162003000
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 25.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3751.00
  • Price Per Lot Square Foot: 13.33
  • Lot Size Acres: 0.0860

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1600.00
  • Gross Scheduled Income: 19200.00
  • Insurance Expense: 500.00
  • Lot Size Area: 3751.0000 Square Feet
  • Net Operating Income: 14659.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 4541.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 825.00
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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 Prior Sale
07/10/2015 07/10/15 Sold $50,000 -28.6% $25 / Sq Ft
07/05/2015 07/05/15 Pending -- -- --
06/29/2015 06/29/15 For Sale $70,000 -14.6% $35 / Sq Ft
03/16/2012 03/16/12 Sold $82,000 -48.8% -- View Prior Sale
02/16/2012 02/16/12 Pending -- -- --
08/25/2011 08/25/11 For Sale $160,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $1,093 $62,185 $23,674 $38,511
2024 $1,093 $61,025 $23,210 $37,815
2023 $1,088 $60,188 $22,755 $37,433
2022 $704 $58,773 $22,309 $36,464
2021 $703 $57,680 $21,872 $35,808
2020 $707 $57,120 $21,648 $35,472
2019 $701 $56,360 $21,224 $35,136
2018 $641 $55,020 $20,808 $34,212
2017 $663 $54,000 $20,400 $33,600
2016 $655 $53,000 $20,000 $33,000
2015 $1,017 $85,561 $10,450 $75,111
2014 $1,000 $84,245 $10,246 $73,999
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC15142631

California Regional Multiple Listing Service (CRMLS)

APN: 031-162-003

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