NOT LISTED FOR SALE

1504 Old Lake Rd Merced, CA 95340

Estimated Value: $4,637,118

73.8 Acres
$62,834 Price per Acre
3,214,728 Sq Ft Lot

Last Sold January 21, 2016

Last sale price $2,382,250

Est. 95% increase in value since last sale

Current estimated payment $26,202/month

18 Days on Market

Highlights

  • Golf Course View
  • No HOA
  • Property is Fully Fenced
  • 73.8 Acre Lot
  • Agricultural
  • Crops

About This Lot

As of January 2016

052-470-020/19.6 Acres & 052-470-025 /53.2 Acres (APN map shows 54.2 Acres - 1 Ac sold to MGCC). 2,800 +/-ft of frontage on MGCC (east) & adj. to city of Merced's SUDP (west). Within 1/2 mile of Merced's city limits & close proximity to UC Merced (Has 6,600 students & will increase to 10,000 by 2020). Fronts on Old Lake Rd. Zoned A1 and within MID service area. Ideal for permanent plantings (i.e almonds, pistachios, walnuts, etc) w/ tremendous upside for future Residential Development.

Last Agent to Sell the Property

Steve Tinetti

Tinetti Realty License #00475070 Listed on: 10/19/2015

Last Buyer's Agent

Steve Tinetti

Tinetti Realty License #00475070 Listed on: 10/19/2015

Property Details

Property Type

  • Land

Lot Details

  • 73.8 Acre Lot
  • Property is Fully Fenced
  • Small Grain Vegetation
  • Possible uses of the property include Agricultural,Row Crops,Orchard
  • Property is zoned A1, Agricultural

Farming

  • Crops
  • Agricultural

Additional Features

  • Golf Course Views
  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 052-470-025

Property Details

Property Type

Land

Lot Details

0

Listing Details

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

Interior Features

  • Other Equipment: None

Exterior Features

  • Other Structures: None
  • Disclosures/Documents: Contract for Crop,None
  • Fencing: Full
  • Frontage Type: Golf Course
  • Listing Price: 2548000.00
  • Road Surface Type: Paved
  • Additional Living Units: No

Utilities

  • Sewer: None
  • Water Source: Irrigation District,Stream Seasonal

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning: A1
  • Crops: Grain
  • Current Use: Agricultural
  • Development Status: Farm Land
  • Zoning Description: Agricultural
  • Irrigation: Public District
  • Lot Size Acres: 73.8000
  • Lot Size Sq Ft: 3214728
  • Possible Use: Agricultural,Row Crops,Orchard

Multi Family

  • Income Includes: Crop(s)

Tax Info

  • Assessor Parcel Number: 052-470-025
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2015
Closed on
Jan 14, 2016
Sold by
Fahrens Creek Ranch
Bought by
Saam Farms Llc
Seller's Agent
Steve Tinetti
Tinetti Realty
Buyer's Agent
Steve Tinetti
Tinetti Realty
List Price
$2,548,000
Sold Price
$2,382,250
Premium/Discount to List
-$165,750
-6.51%
Current Estimated Value
$4,637,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,254,868
Avg. Annual Appreciation
6.83%

Purchase Details

Closed on
Jun 11, 2004
Sold by
Billings Robert C and Rutledge Cynthia N
Bought by
Fahrens Creek Ranch
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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Purchase History

Date Buyer Sale Price Title Company
Saam Farms Llc $2,382,500 Fidelity National Title Co
Fahrens Creek Ranch -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2016 01/21/16 Sold $2,382,250 -6.5% --
11/06/2015 11/06/15 Pending -- -- --
10/19/2015 10/19/15 For Sale $2,548,000 -- --
Source: MetroList

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 $25,464 $2,400,696 $2,053,885 $346,811
2024 $25,464 $2,353,626 $2,013,613 $340,013
2023 $25,103 $2,307,478 $1,974,131 $333,347
2022 $24,772 $2,262,234 $1,935,423 $326,811
2021 $24,696 $2,217,877 $1,897,474 $320,403
2020 $22,061 $1,942,751 $1,878,018 $64,733
2019 $21,487 $1,904,659 $1,841,195 $63,464
Source: Public Records

Agents Affiliated with this Home

  • Steve Tinetti

    Seller's Agent in 2016

    Steve Tinetti

    Tinetti Realty

    (209) 722-1491

    32 Total Sales

    Steve Tinetti
    Section Image
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Map

Source: MetroList

MLS Number: 15068083

MetroList

APN: 170-100-021

California Merced County Merced 95340

1504 Old Lake Rd, Merced, CA

Not Listed for Sale

Lots

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