2577 Lobo Ave Merced, CA 95348
Franklin NeighborhoodEstimated payment $12,860/month
Total Views
153,828
24.5
Acres
$97,959
Price per Acre
1,067,220
Sq Ft Lot
Highlights
- 24.5 Acre Lot
- No HOA
- Neighborhood Views
About This Lot
OWN YOUR TOMORROW IN MERCED!!! Unlock an exceptional investment opportunity with this 24.5-acre property, offering prime Highway 99 visibility within 15 minutes of UC Merced, one of the fastest-growing universities in California. With 5 acres designated for General Commercial use in the General Plan, and commercial on both sides, this site is perfect for retail centers, office spaces, or mixed-use developments, capitalizing on the high-traffic exposure from Highway 99 and the expanding student and residential population. The remaining 19.5 acres are zoned R1, offering long-term residential development potential in a market that is booming due to university-driven economic growth, and a housing shortage in the area. Whether you’re looking to build now or hold for future appreciation, this property provides a versatile investment with multiple possibilities for revenue streams. As UC Merced continues to expand enrollment and research facilities, the demand for housing, retail, and services will only increase, making this a prime opportunity for forward-thinking investors and developers. The property is currently leased for seasonal agricultural land crops with MID water access.
Listing Agent
Homesmart PV & Assoc., Merced Brokerage Phone: 209-345-3836 License #01269788 Listed on: 03/01/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $874
Lot Details
- 24.5 Acre Lot
- Rural Setting
- Density is 21-25 Units/Acre
- 057390008
Property Views
- Neighborhood Views
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 057390007
- $107 per year additional tax assessments
Map
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
Average Home Value in this Area
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 | $874 | $78,213 | $77,429 | $784 |
| 2024 | $874 | $76,680 | $75,911 | $769 |
| 2023 | $861 | $75,177 | $74,423 | $754 |
| 2022 | $847 | $73,704 | $72,964 | $740 |
| 2021 | $842 | $72,260 | $71,534 | $726 |
| 2020 | $846 | $71,520 | $70,801 | $719 |
| 2019 | $801 | $70,118 | $69,413 | $705 |
| 2018 | $730 | $68,744 | $68,052 | $692 |
| 2017 | $757 | $67,397 | $66,718 | $679 |
| 2016 | $745 | $66,076 | $65,410 | $666 |
| 2015 | $734 | $65,084 | $64,428 | $656 |
| 2014 | $718 | $63,810 | $63,166 | $644 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/01/2025 03/01/25 | Price Changed | $2,400,000 | -90.0% | -- |
| 03/01/2025 03/01/25 | For Sale | $24,000,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $49,000 | Transcounty Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $29,000 | Seller Take Back |
Source: Public Records
About the Listing Agent
I bring over 25 years of experience and a deep understanding of the local market. I specialize in helping sellers identify the most likely buyers and craft targeted marketing plans that get results.
I take pride in giving each client the focused attention they deserve and genuinely care about your needs. I will guide you through every step, from offers to negotiations, ensuring you understand your options and feel confident throughout the process.
Since starting my real estate
Monica's Other Listings
-
$425,000 Sold Nov 25, 2024
- 3 Beds
- 2.5 Baths
- 1,440 Sq Ft
- 190 Korbel Ave
- Merced, CA
Welcome to this better-than-new, impeccably maintained home built in 2020, offering 3 bedrooms, 2.5 bathrooms, and 1440 sq. ft. of beautifully upgraded living space, perfect for first-time buyers and investors. The modern open-concept design seamlessly connects the kitchen, dining, and living areas. The kitchen shines with sleek granite countertops and stainless-steel appliances, making cooking
Monica Franks HomeSmart PV & Associates
-
$365,000 Sold Oct 09, 2024
- Studio
- 2 Baths
- 1,440 Sq Ft
- 685 Gateway Dr
- Merced, CA
Prime Location Alert! Just 4 miles and 4 simple turns to UC Merced! Explore the convenience and style of this sought-after patio home in NE Merced, perfectly positioned just minutes from shopping centers and a short stroll from the Promenadehome to your favorite eateries, spas, salons, and gyms. This home features an open floor plan that spans a spacious living area, complemented by
Monica Franks HomeSmart PV & Associates
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MC25044845
APN: 057-390-007
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 2487 Wolf St
- 2443 Fern St
- 2362 Fern St
- 2020 Ashby Rd Unit 68
- 2020 Ashby Rd
- 2020 Ashby Rd Unit 88
- 2020 Ashby Rd Unit 107
- 2443 N Shoemaker Ave
- 2152 Fern St
- 2153 W Solis St
- 2868 Beachwood Dr
- 2094 W Pincay St
- 2097 Meadowbrook Ave
- 2989 Maple Ave
- 2052 W Solis St
- 2394 Dan Ward Rd
- 2129 Hudson Ave
- 2915 Balsam Way
- 2801 Trindade Rd
- 0 Franklin Rd Unit MC25059688
- 1756 Willowbrook Dr
- 1329 Hermosa Dr
- 1295 Esplanade Dr
- 4032 Wood Creek Ct
- 1205 Devonwood Dr
- 4188 Adobe Ct
- 3827 San Jose Ave
- 832 San Pablo Ave
- 3601 San Jose Ave
- 3342 M St
- 2932-2984 M St
- 4271 Freemark Ave
- 1226 Canal St
- 4427 Andrea Dr
- 3075 Park Ave
- 4422 Andrea Dr
- 255 Snowhaven Ct
- 259 Silver Star Ct
- 151 W 18th St
- 139 W 18th St