NOT LISTED FOR SALE

2708 N State Highway 59 Merced, CA 95348

Estimated Value: $229,000 - $298,000

2 Beds
1 Bath
988 Sq Ft
$271/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $120,000 $121 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $1,527/month

57 Days on Market

Highlights

  • No HOA
  • Evaporated cooling system
  • Fenced
  • Neighborhood Views
  • Shed
  • Wall Furnace

About This Home

As of May 2017

Great Investment opportunity, home is a 2/1 with a detached garage and second building on property that can be used for storage. This is a Probate Sale. Home is on a huge 20,000 square foot lot. Home is zoned R-3 with a maximum of 13 units per City of Merced. Buyer must verify with city of Merced as to building requirements and restrictions. Home needs TLC.

Last Agent to Sell the Property

David Maclachlan

First 1st Choice Realty Group License #01317347 Listed on: 02/16/2017

Last Buyer's Agent

David Maclachlan

First 1st Choice Realty Group License #01317347 Listed on: 02/16/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,475

Year Built

  • Built in 1936

Lot Details

  • 0.46 Acre Lot
  • Property fronts a highway
  • Fenced
  • Needs Fence Repair
  • Property is zoned R-3-1.5

Parking

  • 1 Car Garage
  • Parking Available
  • Unpaved Parking

Home Design

  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 988 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Evaporated cooling system
  • Wall Furnace

Additional Features

  • Shed
  • Urban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 058140002000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,475

Year Built

Built in 1936

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Highway
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: R-3-1.5
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 058140002000
  • Year Built: 1936
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 988.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 121.46
  • Room Type: All Bedrooms Down

Exterior Features

  • Other Structures: Shed(s)
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Needs Repair
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Unpaved
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 20020.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 10.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2017
Closed on
May 4, 2017
Sold by
Castro Leopoldo and Estate Of Nellie H Ornelas
Bought by
Pentecostal Church Of God and Central California District Inc
Seller's Agent
David Maclachlan
First 1st Choice Realty Group
Buyer's Agent
David Maclachlan
First 1st Choice Realty Group
List Price
$139,900
Sold Price
$120,000
Premium/Discount to List
-$19,900
-14.22%
Current Estimated Value
$267,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,741
Avg. Annual Appreciation
10.01%
Original Mortgage
$150,000
Outstanding Balance
$125,186
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$142,555
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Pentecostal Church Of God $120,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pentecostal Church Of God $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2017 05/31/17 Sold $120,000 -14.2% $121 / Sq Ft
04/14/2017 04/14/17 Pending -- -- --
02/16/2017 02/16/17 For Sale $139,900 -- $142 / Sq Ft
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 $1,475 $139,264 $58,026 $81,238
2024 $1,475 $136,535 $56,889 $79,646
2023 $1,071 $98,159 $55,774 $42,385
2022 $1,434 $131,235 $54,681 $76,554
2021 $1,431 $128,662 $53,609 $75,053
2020 $1,441 $127,344 $53,060 $74,284
2019 $1,418 $124,848 $52,020 $72,828
2018 $1,293 $122,400 $51,000 $71,400
2017 $226 $19,616 $6,186 $13,430
2016 $145 $19,232 $6,065 $13,167
2015 $141 $18,944 $5,974 $12,970
2014 $137 $18,573 $5,857 $12,716
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC17049755

California Regional Multiple Listing Service (CRMLS)

APN: 058-140-002