Seller's Agent in 2022
Randy Hayer
SVN Executive Commercial Advisors
(209) 765-3767
35 in this area
264 Total Sales
2917 Oleander Ave Merced, CA 95340
North Merced NeighborhoodEstimated Value: $376,000 - $770,000
2
Beds
1
Bath
814
Sq Ft
$704/Sq Ft
Est. Value
Highlights
- 4.6 Acre Lot
- No HOA
- Tile Flooring
- Corner Lot
- 2 Car Detached Garage
- 1-Story Property
About This Home
As of March 2022Great opportunity to own a 12-unit investment property located on 4.6 acres. The property includes five parcels that consist of 1 acre of vacant land, zoned multi-family. Two units on 1 acre with a 2 bed, 1 bath unit, and a 3 bed, 1 bath unit. Also includes six units on a 1-acre lot, a triplex, a duplex, 2 bed, 1 bath unit, 1 bed, 1 bath unit, a two-story home, and large storage in the back. Two units on a 1-acre lot, 3 bed, 1 bath home, and a 1 bed, 1 bath unit. One parcel has a 3 bed, 2 bath home, and an additional 1 bed, 1 bath studio. Six units on the property have been reroofed within the last year. All units within the last eighteen months had the exterior newly painted. Several of the homes had the interior upgraded within the last two years. The rental history on this property has been amazing with many tenants being here for several years. This whole property has the potential for 43 SFR buildouts in the near future. Located in North Merced near UC Merced and Mercy Medical.
Last Agent to Sell the Property
SVN Executive Commercial Advisors License #01251542 Listed on: 08/26/2021
Last Buyer's Agent
SVN Executive Commercial Advisors License #01251542 Listed on: 08/26/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,681
Year Built
- Built in 1932
Lot Details
- 4.6 Acre Lot
- Corner Lot
Home Design
- Slab Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- 1-Story Property
Flooring
- Carpet
- Tile
Parking
- 2 Car Detached Garage
- Carport
Utilities
- Cooling System Mounted In Outer Wall Opening
- Shared Septic
- Septic System
Community Details
- No Home Owners Association
- 12 Buildings
- 12 Units
Listing and Financial Details
- Assessor Parcel Number 007-142-047-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 12, 2023
Sold by
Wu Bo
Bought by
Sun Rainbow Llc
Current Estimated Value
Purchase Details
Listed on
Aug 26, 2021
Closed on
Feb 24, 2022
Sold by
Central Valley Housing Solutions Llc
Bought by
Wu Bo and Wu Guohua
Seller's Agent
Randy Hayer
SVN Executive Commercial Advisors
Buyer's Agent
Randy Hayer
SVN Executive Commercial Advisors
List Price
$2,495,000
Sold Price
$2,000,000
Premium/Discount to List
-$495,000
-19.84%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-29.61%
Original Mortgage
$600,000
Interest Rate
3.14%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 8, 2004
Sold by
Coburn Wanda L and Spellins Jimmy J
Bought by
Central Valley Housing Solutions Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,500
Interest Rate
6.27%
Mortgage Type
Unknown
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sun Rainbow Llc | -- | None Listed On Document | |
| Wu Bo | $2,000,000 | First American Title | |
| Central Valley Housing Solutions Llc | $1,135,000 | Trn Trancounty Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wu Bo | $600,000 | |
| Previous Owner | Central Valley Housing Solutions Llc | $815,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/18/2022 03/18/22 | Sold | $2,000,000 | -7.8% | $2,457 / Sq Ft |
| 02/21/2022 02/21/22 | Off Market | $2,170,000 | -- | -- |
| 02/10/2022 02/10/22 | Pending | -- | -- | -- |
| 08/26/2021 08/26/21 | For Sale | $2,495,000 | -- | $3,065 / Sq Ft |
Source: MetroList
Tax History Compared to Growth
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 | $1,681 | $159,181 | $159,181 | -- |
| 2024 | $1,681 | $156,060 | $156,060 | -- |
| 2023 | $1,658 | $153,000 | $153,000 | $0 |
| 2022 | $1,266 | $115,892 | $115,892 | $0 |
| 2021 | $1,263 | $113,620 | $113,620 | $0 |
| 2020 | $1,272 | $112,455 | $112,455 | $0 |
| 2019 | $1,253 | $110,250 | $110,250 | $0 |
| 2018 | $1,142 | $108,089 | $108,089 | $0 |
| 2017 | $1,186 | $105,970 | $105,970 | $0 |
| 2016 | $1,167 | $103,893 | $103,893 | $0 |
| 2015 | $1,149 | $102,333 | $102,333 | $0 |
| 2014 | $1,124 | $100,329 | $100,329 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Randy Hayer
Map
Source: MetroList
MLS Number: 221108262
APN: 007-142-047
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.
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