NOT LISTED FOR SALE

163 W 16th St Merced, CA 95340

Downtown Merced Neighborhood

Estimated Value: $599,205

5 Beds
4 Baths
2,100 Sq Ft
$285/Sq Ft Est. Value

Last Sold August 03, 2012

Last sale price $170,000 $81 Per Sq Ft

Est. 252% increase in value since last sale

Current estimated payment $3,298/month

157 Days on Market

About This Home

As of August 2012

Needs some work and is priced to sell.Sturdy building that was most likely built in the 20's or 30's.THERE IS 10 UNITS. Water,sewer and trash is approx $410 per month.PG&E varies from $800 to approx $1100 per month and lic is $30 per month,which owner pays.

Last Agent to Sell the Property

Garrett Smith

Realty ONE Group Zoom License #01725468 Listed on: 01/18/2012

Realty ONE Group Zoom

Last Buyer's Agent

Garrett Smith

Realty ONE Group Zoom License #01725468 Listed on: 01/18/2012

Realty ONE Group Zoom

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,492 Sq Ft Lot
  • Lot Dimensions: 7492.32

Parking

  • 1 Parking Space Included

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Security Deposit $400
  • Tenant pays for rent only
  • Assessor Parcel Number 031-162-013-000

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • 8 Leased Units
  • 2 Vacant Units
  • 5 Units Leased Month-To-Month
  • Insurance Expense $2,400
  • Operating Expense $3,000

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built Details: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven,Free Standing Refrigerator
  • Other Equipment: None
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 179990.00
  • Roof: Tar/Gravel

Garage/Parking

  • Parking Features: Street,1 Space Per Unit

Utilities

  • Security: Smoke Detector
  • Cooling: Wall Unit(s)
  • Heating: Natural Gas,Wall Furnace

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning Description: multi family
  • Lot Size Acres: 0.1720
  • Lot Dimensions: 7492.32
  • Lot Size Sq Ft: 7492

Rental Info

  • Tenant Pays: Rent Only
  • Total Deposit: 400
  • Total # Leasable: 10

Multi Family

  • Operating Expense: 3000
  • Income Includes: Rent Only
  • Insurance Expense: 2400
  • Number of Leased Units: 8
  • Number of Month to Month Units: 5
  • Number of Units: 10
  • Number of Vacant Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 031-162-013-000

MLS Schools

  • School District (County): Merced

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2012
Closed on
Aug 1, 2012
Sold by
Wilson Suzan
Bought by
Thillois Alain M and Thillois Galina V
Seller's Agent
Garrett Smith
Realty ONE Group Zoom
Buyer's Agent
Garrett Smith
Realty ONE Group Zoom
List Price
$249,000
Sold Price
$170,000
Premium/Discount to List
-$79,000
-31.73%
Current Estimated Value
$599,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,205
Avg. Annual Appreciation
9.88%

Purchase Details

Closed on
Sep 23, 2011
Sold by
Wilson Mark and Wilson Suzan
Bought by
Wilson Suzan

Purchase Details

Closed on
Aug 27, 2002
Sold by
Reyna Mick D
Bought by
Gonzales Patrick G

Purchase Details

Closed on
Jun 1, 2001
Sold by
Yuen Fred and Yuen Nellie
Bought by
Reyna Mick M D
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
Thillois Alain M $170,000 First American Title Company
Wilson Suzan -- None Available
Gonzales Patrick G -- --
Reyna Mick M D $84,310 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2012 08/03/12 Sold $170,000 -31.7% $81 / Sq Ft
06/23/2012 06/23/12 Pending -- -- --
01/18/2012 01/18/12 For Sale $249,000 -- $119 / 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 $2,338 $211,039 $49,250 $161,789
2024 $2,338 $207,226 $48,285 $158,941
2023 $2,310 $203,393 $47,339 $156,054
2022 $2,282 $199,589 $46,411 $153,178
2021 $2,281 $195,962 $45,501 $150,461
2020 $2,301 $194,370 $45,035 $149,335
2019 $2,274 $190,977 $44,152 $146,825
2018 $2,082 $187,059 $43,287 $143,772
2017 $2,160 $183,683 $42,439 $141,244
2016 $2,243 $180,527 $41,607 $138,920
2015 $2,428 $178,152 $40,983 $137,169
2014 $2,357 $173,301 $40,181 $133,120
Source: Public Records

Agents Affiliated with this Home

  • Garrett Smith

    Seller's Agent in 2012

    Garrett Smith

    Realty ONE Group Zoom

    (209) 342-7110

    1 in this area

    45 Total Sales

    Garrett Smith
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Map

Source: MetroList

MLS Number: 12003822

MetroList

APN: 031-162-013

California Merced County Merced 95340 Downtown Merced

163 W 16th St, Merced, CA

Not Listed for Sale

MultiFamily

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