NOT LISTED FOR SALE
8 Beds
4 Baths
3,200 Sq Ft
7,500 Sq Ft Lot

Sale Details

Date Sold: May 2, 2018

Last sale price $320,000 $100 Per Sq Ft

9 Days on Market

Highlights

  • Neighborhood Views
  • Cul-De-Sac
  • Central Heating and Cooling System

About This Home

As of May 2018

GREAT INCOME OPPORTUNITY in Merced! This 4 unit complex offers a great opportunity to invest in Merced home of UC Merced! These units are in great condition and have a lot of opportunity for greater income. This 4 plex is close to Golden Valley High School, Highway 99, and a new shopping center that features KFC and Steak and Shake.

Last Agent to Sell the Property

Jeff Lawry

London Properties Ltd - Merced License #01310152 Listed on: 03/29/2018

London Properties Ltd - Merced

Last Buyer's Agent

Bill Baker

Homenet Realty License #00939260

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 7,500 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac

Home Design

  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,200 Sq Ft Home
  • Neighborhood Views
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 035150049

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $26,559
  • Net Operating Income $18,727

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 035150049
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 100.00

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 7500.00

Multi Family

  • Gross Income: 26559.00
  • Gross Scheduled Income: 26559.00
  • Net Operating Income: 18727.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7832.00
  • Rent Control: No

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2018
Closed on
Apr 23, 2018
Sold by
Bought by
Seller's Agent
Jeff Lawry
London Properties Ltd - Merced
Buyer's Agent
Bill Baker
Homenet Realty
List Price
$329,000
Sold Price
$320,000
Premium/Discount to List
-$9,000
-2.74%

Purchase Details

Closed on
Nov 11, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 5, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 18, 2010
Sold by
Bought by

Purchase Details

Closed on
May 26, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
0.0812%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
0.0579%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 2, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
0.0579%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
0.0862%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2001
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$320,000 Fidelity National Title Comp
-- None Available
$101,000 Fidelity Natl Title Co Of Ca
$96,000 Servicelink
-- Alliance Title Company
-- Transcounty Title Company
-- Transcounty Title Company
$350,000 Transcounty Title Company
-- Chicago Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $396,475
Previous Owner $306,000
Previous Owner $280,000
Previous Owner $111,500
Previous Owner $105,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/02/2018 05/02/18 Sold $320,000 -2.7% $100 / Sq Ft
04/07/2018 04/07/18 Pending -- -- --
03/29/2018 03/29/18 For Sale $329,000 -- $103 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,870 $364,016 $45,510 $318,506
2024 $3,870 $356,891 $44,618 $312,273
2023 $3,776 $349,906 $43,744 $306,162
2022 $3,759 $343,118 $42,887 $300,231
2021 $3,764 $336,345 $42,047 $294,298
2020 $3,725 $332,903 $41,616 $291,287
2019 $3,654 $326,388 $40,800 $285,588
2018 $1,285 $114,793 $22,686 $92,107
2017 $1,264 $112,561 $22,242 $90,319
2016 $1,275 $110,372 $21,806 $88,566
2015 $1,237 $108,729 $21,479 $87,250
2014 $1,203 $106,708 $21,059 $85,649
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC18071798

California Regional Multiple Listing Service (CRMLS)

APN: 035-150-049

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