NOT LISTED FOR SALE

2434 N State Highway 59 Merced, CA 95348

Estimated Value: $447,000

2.3 Acres
$194,348 Price per Acre
100,188 Sq Ft Lot

Last Sold June 05, 2024

Last sale price $330,000

Est. 35% increase in value since last sale

Current estimated payment $2,488/month

289 Days on Market

About This Lot

As of June 2024

Approximately 2.6 acres zoned multi-family in the city of Merced. High traffic exposure at the cross section of North Hwy 59, West 16th Street and West Bear Creek Drive. Immediate Hwy 99 access. Property also available for lease. Possible build to suit for credit worthy tenant.

Last Agent to Sell the Property

Jacob Morgner

Tinetti Realty Group Brokerage Phone: 209-617-2679 License #01882378 Listed on: 08/02/2023

Last Buyer's Agent

Jacob Morgner

Tinetti Realty Group Brokerage Phone: 209-617-2679 License #01882378 Listed on: 08/02/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,790

Lot Details

  • 2.3 Acre Lot
  • Private Yard
  • 058150003000
  • Property is zoned R-3-1.5

Utilities

  • Water Not Available

Community Details

  • No Home Owners Association
  • Valley

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 058150002000
  • $144 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$1,790

Lot Details

0

Listing Details

  • View: No
  • Zoning: R-3-1.5
  • Property Type: Land
  • Parcel Number: 058150002000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 3.29

Utilities

  • Water Source: None

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Valley

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 058150003000
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 100188.00
  • Lot Size Acres: 2.3000
  • Latitude Manual: 37.30911400

Multi Family

  • Lot Size Area: 100188.0000 Square Feet

Tax Info

  • Tax Census Tract: 10.05
  • Tax Lot: 14
  • TaxOtherAnnualAssessmentAmount: 144.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2023
Closed on
May 24, 2024
Sold by
Shafi Investments
Bought by
Cambridge Investment Holdings Llc
Seller's Agent
Jacob Morgner
Tinetti Realty Group
Buyer's Agent
Jacob Morgner
Tinetti Realty Group
List Price
$549,000
Sold Price
$330,000
Premium/Discount to List
-$219,000
-39.89%
Views
115
Current Estimated Value
$447,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,000
Avg. Annual Appreciation
24.40%

Purchase Details

Listed on
Apr 23, 2019
Closed on
Sep 9, 2019
Sold by
Central Valley Gas Stations Dev Llc
Bought by
Shafi Investments
Seller's Agent
Alifonso Mendoza
Keller Williams Merced
Buyer's Agent
Alifonso Mendoza
Keller Williams Merced
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.29%

Purchase Details

Closed on
Mar 17, 2015
Sold by
Paley Peter A
Bought by
Central Valley Gas Stations Development

Purchase Details

Closed on
Oct 30, 2014
Sold by
Truong Ho D and Truong Nguyet Le
Bought by
Paley Peter A

Purchase Details

Closed on
Aug 25, 2010
Sold by
Truong Ho D and Truong Nguyet Le
Bought by
Truong Nguyet Le and Nguyen Dang T

Purchase Details

Closed on
Sep 14, 2005
Sold by
Truong Ho D and Truong Nguyet Le
Bought by
Truong Ho D and Truong Nguyet Le

Purchase Details

Closed on
Jul 22, 2005
Sold by
Paley Catherine E
Bought by
Paley Peter A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,600
Interest Rate
5.46%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 26, 2005
Sold by
Paley Peter A
Bought by
Truong Ho D and Truong Nguyet Le

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,600
Interest Rate
5.46%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 11, 2003
Sold by
Hansen Kathryn E
Bought by
Hansen Ronald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
5.89%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 5, 2003
Sold by
Kalama Marilynn and Hansen Ronald W
Bought by
Paley Peter A and Paley Catherine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
5.89%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 18, 2002
Sold by
Canelo and Wilson
Bought by
Hansen Ronald W
Source: Public Records

Range of Values:

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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
Cambridge Investment Holdings Llc $330,000 Placer Title
Shafi Investments $200,000 First American Title Company
Central Valley Gas Stations Development $550,000 None Available
Paley Peter A $534,529 Accommodation
Truong Nguyet Le -- None Available
Truong Ho D -- --
Paley Peter A -- Alliance Title Company
Truong Ho D $870,000 Alliance Title Company
Hansen Ronald W -- Transcounty Title Company
Paley Peter A $260,000 Transcounty Title Company
Hansen Ronald W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Truong Ho D $452,600
Previous Owner Paley Peter A $182,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/05/2024 06/05/24 Sold $330,000 -26.7% --
05/17/2024 05/17/24 Pending -- -- --
01/30/2024 01/30/24 Price Changed $450,000 -18.0% --
08/02/2023 08/02/23 For Sale $549,000 +174.5% --
10/03/2019 10/03/19 Sold $200,000 0.0% -- View Prior Sale
09/25/2019 09/25/19 Pending -- -- --
09/13/2019 09/13/19 For Sale $200,000 0.0% --
08/14/2019 08/14/19 Pending -- -- --
08/12/2019 08/12/19 Price Changed $200,000 -60.0% --
05/30/2019 05/30/19 Price Changed $499,900 -12.3% --
04/23/2019 04/23/19 For Sale $570,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $1,790 $295,800 $295,800 --
2024 $1,790 $166,189 $166,189 --
2023 $1,765 $162,931 $162,931 $0
2022 $1,741 $159,737 $159,737 $0
2021 $1,737 $156,605 $156,605 $0
2020 $1,750 $155,000 $155,000 $0
2019 $5,902 $522,532 $522,532 $0
2018 $5,385 $512,287 $512,287 $0
2017 $5,589 $502,243 $502,243 $0
2016 $5,502 $492,396 $492,396 $0
2015 $3,352 $300,000 $300,000 $0
2014 $2,066 $185,000 $185,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC23143123

California Regional Multiple Listing Service (CRMLS)

APN: 058-150-002