NOT LISTED FOR SALE

Estimated Value: $867,287

1.63 Acres
$533,288 Price per Acre
70,842 Sq Ft Lot

Last Sold June 23, 2023

Last sale price $725,000

Est. 20% increase in value since last sale

Current estimated payment $4,909/month

998 Days on Market

Highlights

  • 1.63 Acre Lot
  • No HOA
  • Neighborhood Views

About This Lot

As of June 2023

BULK SALE! THIS PROPERTY MUST BE SOLD TOGETHER WITH 2942 G Street, 89 Craig Drive, for a total of 3 properties in order to make development of this property easier! The one acre site fronting G St is zoned for commercial use and residential/mixed use is a possibility. This great development opportunity is on one of the busiest main thoroughfares in the City of Merced. A short drive to Merced College, Mercy Medical Center and UC Merced makes this an ideal location for just about any development. These properties are also surrounded by lots of retail, restaurants, and other professional services.

Last Agent to Sell the Property

Dan Gallagher

CB Commercial, Select Real Estate License #01819755 Listed on: 06/15/2020

Co-Listed By

Ernie Ochoa, CCIM

Keller Williams Property Team License #01247053

Last Buyer's Agent

Kelly Hasko

Realty Executives Of Northern California License #01790310

Realty Executives Of Northern California

Property Details

Property Type

  • Land

Lot Details

  • 1.63 Acre Lot
  • 007-131-003, 007-131-002,
  • Property is zoned C-O

Additional Features

  • Neighborhood Views
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 92 / 190
  • Assessor Parcel Number 007131001000

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: C-O
  • Property Type: Land
  • Parcel Number: 007131001000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 10.23

Exterior Features

  • View: Neighborhood

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 007-131-003, 007-131-002,
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 70840.00
  • Lot Size Acres: 1.6263

Multi Family

  • Lot Size Area: 70840.0000 Square Feet

Tax Info

  • Tax Block: 190
  • Tax Census Tract: 12.00
  • Tax Lot: 92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2020
Closed on
Jun 16, 2023
Sold by
Sanchez Merced Properties Llc
Bought by
Pannu Dilbag Singh and Pannu Harjinder Kaur
Seller's Agent
Dan Gallagher
CB Commercial, Select Real Estate
Buyer's Agent
Kelly Hasko
Realty Executives Of Northern California
List Price
$1,425,000
Sold Price
$725,000
Premium/Discount to List
-$700,000
-49.12%
Views
110
Current Estimated Value
$867,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,287

Purchase Details

Closed on
Dec 17, 2013
Sold by
Kll Properties Limited Partnership
Bought by
Sanchez Merced Properties Llc

Purchase Details

Closed on
Jun 25, 2008
Sold by
Kll Properties Llc
Bought by
Kll Properties Lp

Purchase Details

Closed on
Dec 14, 2007
Sold by
Castro Kathi Elizabeth
Bought by
Castro Kathi Elizabeth

Purchase Details

Closed on
Dec 27, 2001
Sold by
Pimentel Teresa A
Bought by
Sanchez Henry and Sanchez Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.73%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pannu Dilbag Singh $175,000 Trans County Title
Sanchez Merced Properties Llc -- None Available
Kll Properties Lp -- None Available
Kll Properties Lp -- None Available
Kll Properties Lp -- None Available
Kll Properties Llc -- None Available
Castro Kathi Elizabeth -- None Available
Sanchez Henry $305,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanchez Henry $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2023 06/23/23 Sold $725,000 -25.6% --
03/10/2023 03/10/23 Pending -- -- --
09/01/2021 09/01/21 Price Changed $975,000 -20.7% --
08/05/2020 08/05/20 Price Changed $1,229,000 -13.8% --
06/15/2020 06/15/20 For Sale $1,425,000 -- --
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 $4,861 $462,978 $462,978 --
2024 $4,861 $453,900 $453,900 --
2023 $4,696 $435,952 $435,952 $0
2022 $4,635 $427,404 $427,404 $0
2021 $4,625 $419,024 $419,024 $0
2020 $4,661 $414,728 $414,728 $0
2019 $4,595 $406,597 $406,597 $0
2018 $4,192 $398,625 $398,625 $0
2017 $4,351 $390,809 $390,809 $0
2016 $4,283 $383,147 $383,147 $0
2015 $4,215 $377,392 $377,392 $0
2014 $4,097 $367,557 $367,557 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC20115309

California Regional Multiple Listing Service (CRMLS)

APN: 007-131-001