NOT LISTED FOR SALE
7 Beds
4 Baths
2,183 Sq Ft
7,405 Sq Ft Lot

Last Sold March 04, 2021

Last sale price $390,000 $179 Per Sq Ft

114 Days on Market

About This Home

As of March 2021

This is a great 4-plex near Downtown Merced. The main house is a three bedroom, One bath, the front upstairs unit is a Two Bedroom, One bath apartment and has new floors and many other upgrades, The two rear duplex units are both one bedroom, one bathroom units and are located above the garages which face the alley.

Last Agent to Sell the Property

Steve Cardinalli

Cardinalli Real Estate License #01739549 Listed on: 09/05/2020

Last Buyer's Agent

Maria de Anda Antunes

Maria Antunes, Broker License #01173367

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,183 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $36,300
  • Month-to-Month Lease Term

Community Details

Overview

  • 2,183 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,800
  • Maintenance Expense $1,200
  • Manager Expense $2,100
  • Utility Expense $2,950
  • Trash Expense $1,050
  • Operating Expense $12,900
  • Gross Income $35,937

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

0

Parking

4

Listing Details

  • Zoning: R-3-1.5
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2183
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Living Sq Ft: 2183
  • Stories: 2
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Rolled Composition, Shingle

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7501.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7501.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 10.99
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1800
  • Expense Landscape: 600
  • Expense Maintenance: 1200
  • Expense Management: 2100
  • Expenses Total: 12900
  • Expenses Utility: 2950
  • Expense Trash: 1050
  • Income Annual Gross: 35937.00
  • Income Annual Rental: 36300
  • Income Gross Scheduled: 36300
  • Income Includes: Rents
  • Meters: Master Gas, Master Water, Separate Common Area
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/04/2021 03/04/21 Sold $390,000 -2.3% $179 / Sq Ft
12/29/2020 12/29/20 Pending -- -- --
11/10/2020 11/10/20 Price Changed $399,000 -3.9% $183 / Sq Ft
09/05/2020 09/05/20 For Sale $415,000 +27.7% $190 / Sq Ft
07/12/2019 07/12/19 Sold $325,000 +1.6% $149 / Sq Ft View Prior Sale
06/12/2019 06/12/19 Pending -- -- --
05/27/2019 05/27/19 For Sale $320,000 +220.0% $147 / Sq Ft
03/15/2013 03/15/13 Sold $100,000 -9.1% $46 / Sq Ft View Prior Sale
02/25/2013 02/25/13 Pending -- -- --
01/25/2013 01/25/13 For Sale $110,000 -- $50 / Sq Ft
Source: MLSListings

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 $6,851 $652,650 $88,434 $564,216
2024 $6,851 $640,140 $86,700 $553,440
2023 $4,373 $405,699 $78,030 $327,669
2022 $4,316 $397,772 $76,500 $321,272
2021 $3,644 $329,766 $60,621 $269,145
2020 $3,673 $326,400 $60,000 $266,400
2019 $1,255 $110,425 $16,557 $93,868
2018 $1,144 $108,262 $16,233 $92,029
2017 $1,188 $106,141 $15,915 $90,226
2016 $1,169 $104,065 $15,603 $88,462
2015 $1,151 $102,499 $15,369 $87,130
2014 $1,138 $101,553 $15,068 $86,485
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81809520

MLSListings

APN: 030-284-020