NOT LISTED FOR SALE

1624 Canal Farm Ln Los Banos, CA 93635

Estimated Value: $382,000 - $517,000

1.16 Acres
$375,260 Price per Acre
50,630 Sq Ft Lot

Last Sold March 08, 2024

Last sale price $425,000 $354 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,538/month

10 Days on Market

Highlights

  • Barn
  • No HOA
  • Wood Fence
  • 1.16 Acre Lot
  • Shed

About This Lot

As of March 2024

OVER ONE ACRE property nestled within the city limits with the potential of developing Multi-residential units,this charming older house exudes a timeless elegance that whispers tales of yesteryears. As you approach, the weathered facade tells a story of bygone eras, with peeling paint revealing the layers of history it has witnessed.Venturing into the backyard, the full expanse of the one-acre lot becomes apparent. Towering trees provide shade and a sense of seclusion, creating a potential oasis within the city.In the hands of a passionate investor, this aging beauty could regain its former glory and stand as a testament to the preservation of architectural history. The potential returns, both in terms of personal satisfaction and financial gain, make this property a compelling prospect for those with the foresight to unlock its hidden splendor.

Last Agent to Sell the Property

Roger Cervantes

Century 21 Select Real Estate License #01411975 Listed on: 01/22/2024

Century 21 Select Real Estate

Last Buyer's Agent

Roger Cervantes

Century 21 Select Real Estate License #01411975 Listed on: 01/22/2024

Century 21 Select Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,000

Lot Details

  • 1.16 Acre Lot
  • Wood Fence
  • Chain Link Fence
  • Possible uses of the property include Residential
  • Property is zoned R1, Multi-Residential

Farming

  • Barn

Listing and Financial Details

  • Assessor Parcel Number 428-121-008-000

Community Details

Recreation

  • Shed

Additional Features

  • No Home Owners Association
  • Net Lease

Property Details

Property Type

Land

Est. Annual Taxes

$3,000

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype 1: Residential Acreage
  • Primary Residence: 31+ Years Old, Under 1500 SqFt
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Exterior Features

  • Other Structures: Barn(s), Shed(s)
  • Fencing: Chain Link, Wood
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 449000.00
  • Lot Features: Fire Hydrant(s)
  • New Construction: No
  • Pool: No
  • Road Frontage: City Street
  • Spa: No
  • Topography: TreesTrees
  • Additional Living Units: No

Utilities

  • Sewer: Public Sewer, Sewer Connected
  • Utilities: Public
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Los Banos Unified

Lot Info

  • Zoning: R1
  • Crops: None
  • Current Use: Residential
  • Development Status: None
  • Zoning Description: Multi-Residential
  • Irrigation: None
  • Lot Size Acres: 1.1623
  • Lot Size Sq Ft: 50630.00
  • Possible Use: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["None"]

Tax Info

  • Assessor Parcel Number: 428-121-008-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2024
Closed on
Mar 1, 2024
Sold by
Carbajal 2004 Revocable Trust and Carbajal Eunice M
Bought by
Soto Ralph and Warren Martha
Seller's Agent
Roger Cervantes
Century 21 Select Real Estate
Buyer's Agent
Roger Cervantes
Century 21 Select Real Estate
List Price
$449,000
Sold Price
$425,000
Premium/Discount to List
-$24,000
-5.35%
Views
149
Current Estimated Value
$436,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,165
Avg. Annual Appreciation
1.59%

Purchase Details

Closed on
Sep 24, 2004
Sold by
Carbajal Jesus R and Carbajal Eunice M
Bought by
Carbajal Jesus R and Carbajal Eunice M

Purchase Details

Closed on
Oct 8, 2000
Sold by
Pereira Ronald H
Bought by
Carbajal Jesus R and Carbajal Eunice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.89%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Soto Ralph $425,000 First American Title
Carbajal Jesus R -- --
Carbajal Jesus R $180,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carbajal Jesus R $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2024 03/08/24 Sold $425,000 -5.3% $354 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
01/22/2024 01/22/24 For Sale $449,000 -- $374 / Sq Ft
Source: MetroList

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 $3,000 $425,000 $260,000 $165,000
2024 $3,000 $265,889 $51,692 $214,197
2023 $2,834 $260,677 $50,679 $209,998
2022 $2,793 $255,567 $49,686 $205,881
2021 $2,767 $250,557 $48,712 $201,845
2020 $2,737 $247,989 $48,213 $199,776
2019 $2,688 $243,127 $47,268 $195,859
2018 $2,609 $238,361 $46,342 $192,019
2017 $2,579 $233,688 $45,434 $188,254
2016 $2,380 $209,000 $104,000 $105,000
2015 $2,299 $203,000 $104,000 $99,000
2014 $2,124 $189,000 $84,000 $105,000
Source: Public Records

Agents Affiliated with this Home

  • Roger Cervantes

    Seller's Agent in 2024

    Roger Cervantes

    Century 21 Select Real Estate

    (209) 564-2910

    46 in this area

    81 Total Sales

    Roger Cervantes
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 224006340

MetroList

APN: 428-121-008

California Merced County Los Banos 93635

1624 Canal Farm Ln, Los Banos, CA

This home is located at 1624 Canal Farm Ln, Los Banos, CA 93635 since 22 January 2024 and is currently estimated at $436,165, approximately $363 per square foot. 1624 Canal Farm Ln is a home located in Merced County with nearby schools including Mercey Springs Elementary School, Los Banos Junior High School, and Pacheco High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes