NOT LISTED FOR SALE

2840 N Drake Ave Merced, CA 95348

Franklin Neighborhood

Estimated Value: $376,000 - $404,402

4 Beds
2 Baths
1,795 Sq Ft
$219/Sq Ft Est. Value

Last Sold May 22, 2019

Last sale price $227,100 $127 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,298/month

98 Days on Market

Highlights

  • No HOA
  • Bathtub with Shower
  • Combination Dining and Living Room
  • 2 Car Attached Garage
  • Central Heating
  • 1-Story Property

About This Home

As of May 2019

An immaculate newer home located in a quiet area just built in 2017 Ready to move in! Home features:A very spacious living room & Dining room with vaulted ceilings carpet flooring, kitchen with granite counter tops,food pantry, gas stove,dishwasher,built-in-microwave a breakfast bar,the kitchen is open to the family room,2 full bathrooms with shower in Tub, Double sinks in master bath,Walk-in shower, Laundry room, dual pane windows,2 car garage, front and backyard,block wall & wood fencing.

Last Agent to Sell the Property

Randy Hayer

Realty Executives of Northern California License #01251542 Listed on: 11/16/2018

Realty Executives of Northern California

Last Buyer's Agent

Randy Hayer

Realty Executives of Northern California License #01251542 Listed on: 11/16/2018

Realty Executives of Northern California

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,829

Year Built

  • Built in 2016

Lot Details

  • 6,250 Sq Ft Lot
  • Zoning described as R1

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1,795 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Secondary Bathroom Double Sinks
  • Bathtub with Shower

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 057-662-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,829

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Subtype Description: Attached
  • Property Subtype 1: Single Family Residence
  • Remodeled Updated: Unknown
  • Year Built: 2016
  • Stories: 1
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher,Free Standing Gas Range,Microwave
  • Flooring: Carpet,Vinyl
  • Master Bathroom Features: Double Sinks
  • Bathroom Features: Tub w/Shower Over
  • Bathrooms: 2.00
  • Dining Room Features: Dining/Living Combo
  • Kitchen Features: Granite Counter,Kitchen/Family Combo
  • Room Type: Baths Other,Family Room,Living Room,Master Bathroom
  • Price Per Square Foot: 126.52
  • Square Footage: 1795

Exterior Features

  • Construction Materials: Frame,Stucco
  • Foundation: Slab
  • Listing Price: 250000.00
  • Lot Features: Landscape Front,Shape Regular
  • Pool: No
  • Road Surface Type: Paved
  • Roof: See Remarks

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached
  • Driveway/Sidewalks: Sidewalk/Curb/Gutter

Utilities

  • Sewer: Sewer Connected
  • Utilities: See Remarks
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central
  • Laundry Features: Inside Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning Description: R1
  • Irrigation: Public District
  • Lot Size Acres: 0.1435
  • Lot Size Sq Ft: 6250

Tax Info

  • Assessor Parcel Number: 057-662-011
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2021
Sold by
Lakkaraju Ravi Krishna and Lakkaraju Suneetha
Bought by
Lakkaraju Ravi Krishna and Lakkaraju Suneetha
Current Estimated Value
$393,851

Purchase Details

Listed on
Nov 16, 2018
Closed on
Apr 30, 2019
Sold by
Ortiz Antonio
Bought by
Lakkaraju Ravi Krishna and Lakkaraju Suneetha
Seller's Agent
Randy Hayer
Realty Executives of Northern California
Buyer's Agent
Randy Hayer
Realty Executives of Northern California
List Price
$285,000
Sold Price
$227,100
Premium/Discount to List
-$57,900
-20.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%
Original Mortgage
$170,325
Outstanding Balance
$149,446
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$244,405

Purchase Details

Listed on
Oct 7, 2016
Closed on
Oct 26, 2016
Sold by
Stonefield Home Inc
Bought by
Ortiz Antonio
Seller's Agent
Dana Howell
Dana Howell
Buyer's Agent
Dana Howell
Dana Howell
List Price
$246,740
Sold Price
$246,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.34%
Original Mortgage
$254,882
Interest Rate
3.42%
Mortgage Type
VA

Purchase Details

Closed on
Aug 14, 2015
Sold by
Bellevue Community Builders Inc
Bought by
Stonefield Communities Inc

Purchase Details

Closed on
Jun 4, 2014
Sold by
Friesen Benny and Friesen Sherrilee
Bought by
Bellevue Community Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2009
Sold by
Jantz Melissa
Bought by
Jantz Melissa and Esau John H

Purchase Details

Closed on
May 9, 2008
Sold by
Friesen Benny and Friesen Sherrilee
Bought by
Jantz Melissa

Purchase Details

Closed on
Dec 3, 2007
Sold by
El Capitan Estates Llc
Bought by
Friesen Benny and Friesen Sherrilee
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
Lakkaraju Ravi Krishna -- None Available
Lakkaraju Ravi Krishna $227,500 Fidelity National Title Co
Ortiz Antonio $247,000 Fidelity National Title Co
Stonefield Communities Inc -- Fidelity National Title Co
Bellevue Community Builders Llc -- Fidelity National Title Co
Jantz Melissa $19,500 None Available
Jantz Melissa $68,500 None Available
Jantz Melissa -- None Available
Friesen Benny $748,000 Transcounty Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lakkaraju Ravi Krishna $170,325
Previous Owner Ortiz Antonio $254,882
Previous Owner Bellevue Community Builders Llc $472,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2019 05/22/19 Sold $227,100 -9.2% $127 / Sq Ft
02/22/2019 02/22/19 Pending -- -- --
01/31/2019 01/31/19 Price Changed $250,000 -7.4% $139 / Sq Ft
01/04/2019 01/04/19 Price Changed $270,000 -5.3% $150 / Sq Ft
11/16/2018 11/16/18 For Sale $285,000 +15.5% $159 / Sq Ft
12/26/2016 12/26/16 Sold $246,740 0.0% $134 / Sq Ft View Prior Sale
12/23/2016 12/23/16 Pending -- -- --
12/13/2016 12/13/16 Sold $246,740 0.0% $134 / Sq Ft View Prior Sale
12/11/2016 12/11/16 Pending -- -- --
10/07/2016 10/07/16 For Sale $246,740 +3.5% $134 / Sq Ft
03/02/2016 03/02/16 For Sale $238,400 -- $129 / Sq Ft
Source: MetroList

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 $2,829 $253,330 $61,351 $191,979
2024 $2,829 $248,364 $60,149 $188,215
2023 $2,792 $243,495 $58,970 $184,525
2022 $2,757 $238,721 $57,814 $180,907
2021 $2,751 $234,041 $56,681 $177,360
2020 $2,771 $231,642 $56,100 $175,542
2019 $2,988 $256,707 $46,818 $209,889
2018 $2,738 $251,674 $45,900 $205,774
2017 $2,822 $246,740 $45,000 $201,740
2016 $641 $50,000 $50,000 $0
2015 $356 $24,479 $24,479 $0
2014 $305 $20,000 $20,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Randy Hayer

    Seller's Agent in 2019

    Randy Hayer

    Realty Executives

    (209) 765-3767

    7 in this area

    266 Total Sales

    Randy Hayer
    Section Image

  • D

    Seller's Agent in 2016

    Dana Howell

    Advanced Market Realty, Inc.

See All Agents

Map

Source: MetroList

MLS Number: 18077802

MetroList

APN: 057-662-011

California Merced County Merced 95348 Franklin

2840 N Drake Ave, Merced, CA

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