NOT LISTED FOR SALE
10 Beds
5 Baths
3,625 Sq Ft
7,501 Sq Ft Lot

Sale Details

Date Sold: September 29, 2017

Last sale price $385,000 $106 Per Sq Ft

15 Days on Market

About This Home

As of September 2017

Excellent Opportunity to Invest!!! Well kept complex located in Central Merced. It offers a total of 5 units all are 2bd/1ba, laundry room on site, close to downtown Merced, shopping centers and parks. Great investment property, all units are occupied.

Last Agent to Sell the Property

Sheril Carmona

Tinetti Realty Group License #01897216 Listed on: 07/05/2017

Co-Listed By

Genaro Duran

NextHome D&G Realty Group License #01434524

Last Buyer's Agent

Randy Hayer

Realty Executives Of Northern California License #01251542

Realty Executives Of Northern California

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 7,501 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 3,625 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Parking

  • Detached Carport Space
  • Parking Available

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Assessor Parcel Number 030282014000

Community Details

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $157
  • Insurance Expense $1,500
  • Pest Control $470
  • Professional Management Expense $2,626
  • Water Sewer Expense $3,250
  • New Taxes Expense $2,750
  • Operating Expense $13,171
  • Gross Income $46,488
  • Net Operating Income $13,171

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

7,501 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2626.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3250.00
  • Zoning: R-3-1.5
  • Property Type: Residential Income
  • Parcel Number: 030282014000
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 106.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Detached Carport

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 470.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 7501.00

Multi Family

  • Electric Expense: 156.90
  • Gross Income: 46488.00
  • Gross Scheduled Income: 46488.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 13171.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 13171.00
  • Rent Control: No
  • Total Expenses: 13171.12

Tax Info

  • New Taxes Expense: 2750.00
  • Tax Census Tract: 13.02

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

Closed on
Aug 11, 2020
Sold by
Bought by

Purchase Details

Closed on
Mar 11, 2020
Sold by
Bought by

Purchase Details

Listed on
Jul 5, 2017
Closed on
Sep 21, 2017
Sold by
Bought by
Seller's Agent
Sheril Carmona
Tinetti Realty Group
Buyer's Agent
Randy Hayer
Realty Executives Of Northern California
List Price
$365,000
Sold Price
$385,000
Premium/Discount to List
$20,000
5.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
0.0389%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 30, 2013
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
$100,000
Interest Rate
0.0449%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 8, 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
$15,000
Interest Rate
0.0563%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 4, 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
$336,500
Interest Rate
0.0582%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 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
$336,500
Interest Rate
0.0582%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 15, 2000
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
$550,000 Transcounty Title Company
-- None Available
$385,000 Fidelity National Title
$130,000 Old Republic Title Company
-- --
$470,000 Transcounty Title Company
-- Transcounty Title Company
$172,500 Transcounty Title Company
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 $385,000
Previous Owner $100,000
Previous Owner $230,000
Previous Owner $75,000
Previous Owner $100,000
Previous Owner $15,000
Previous Owner $312,000
Previous Owner $336,500
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
09/29/2017 09/29/17 Sold $385,000 +5.5% $106 / Sq Ft
07/20/2017 07/20/17 Pending -- -- --
07/05/2017 07/05/17 For Sale $365,000 -- $101 / 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 $6,248 $595,335 $81,181 $514,154
2024 $6,248 $583,663 $79,590 $504,073
2023 $6,161 $572,220 $78,030 $494,190
2022 $6,081 $561,000 $76,500 $484,500
2021 $6,068 $550,000 $75,000 $475,000
2020 $4,504 $400,554 $78,030 $322,524
2019 $4,438 $392,700 $76,500 $316,200
2018 $4,049 $385,000 $75,000 $310,000
2017 $1,532 $137,098 $42,249 $94,849
2016 $1,508 $134,411 $41,421 $92,990
2015 $1,484 $132,393 $40,799 $91,594
2014 $1,452 $129,800 $40,000 $89,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC17153585

California Regional Multiple Listing Service (CRMLS)

APN: 030-282-014

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