NOT LISTED FOR SALE

2977 Elm Ave Merced, CA 95348

Franklin Neighborhood

Estimated Value: $206,000 - $346,000

2 Beds
1 Bath
696 Sq Ft
$394/Sq Ft Est. Value

Last Sold December 29, 2014

Last sale price $76,000 $109 Per Sq Ft

Est. 261% increase in value since last sale

Current estimated payment $1,504/month

123 Days on Market

Highlights

  • 1 Fireplace
  • Cottage
  • Bathtub with Shower
  • No HOA
  • Breakfast Area or Nook
  • Living Room

About This Home

As of December 2014

Very nice 2 bedroom home in quite neighborhood near Santa Fe Rd. Has a huge lot at .210 acres. Tile floors, spacious kitchen. Lots of parking for boat and RV. Additional Bonus - 1 bedroom 1 full bath studio and full kitchen behind subject property. Great for extra income, In-law quarters or Man Cave. There are only a few single family homes under 90,000 in Merced area so don't delay and schedule your showing right away.

Last Agent to Sell the Property

Rich Rubio

HomeSmart PV & Associates License #01709750 Listed on: 07/24/2014

HomeSmart PV & Associates

Last Buyer's Agent

Rich Rubio

HomeSmart PV & Associates License #01709750 Listed on: 07/24/2014

HomeSmart PV & Associates

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 9,148 Sq Ft Lot
  • Zoning described as R1

Parking

  • No Garage

Home Design

  • Cottage
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 696 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Living Room
  • Breakfast Area or Nook
  • 220 Volts In Laundry

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 057-242-019-000

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Subtype Description: Detached
  • Property Subtype 1: Single Family Residence
  • Remodeled Updated: Unknown
  • Year Built: 1940
  • Architectural Style: Cottage/Bungalow
  • Stories: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Flooring: Carpet,Laminate
  • Bathroom Features: Tub w/Shower Over
  • Bathrooms: 1.00
  • Dining Room Features: Breakfast Nook
  • Room Type: Baths Other
  • Price Per Square Foot: 109.20
  • Square Footage: 696

Exterior Features

  • Construction Materials: Wood
  • Disclosures/Documents: CC&Rs
  • Foundation: Raised
  • Listing Price: 82500.00
  • Pool: No
  • Roof: Composition

Garage/Parking

  • Parking Features: No Garage
  • Driveway/Sidewalks: Sidewalk/Curb/Gutter

Utilities

  • Sewer: In & Connected
  • Utilities: All Public
  • Cooling: Ceiling Fan(s),Central
  • Electric: 220 Volts in Laundry
  • Heating: Central
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning Description: R1
  • Lot Size Acres: 0.2100
  • Lot Size Sq Ft: 9148

Tax Info

  • Assessor Parcel Number: 057-242-019-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2014
Closed on
Dec 29, 2014
Sold by
Martinez Martin
Bought by
Martinez Maria Carmen Prieto
Seller's Agent
Rich Rubio
HomeSmart PV & Associates
Buyer's Agent
Rich Rubio
HomeSmart PV & Associates
List Price
$89,950
Sold Price
$76,000
Premium/Discount to List
-$13,950
-15.51%
Current Estimated Value
$274,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,271
Avg. Annual Appreciation
12.30%

Purchase Details

Listed on
Jul 24, 2014
Closed on
Dec 12, 2014
Sold by
Bennett John and Lagatta Lawrence
Bought by
Martinez Maria Carmen Prieto
Seller's Agent
Rich Rubio
HomeSmart PV & Associates
Buyer's Agent
Rich Rubio
HomeSmart PV & Associates
List Price
$89,950
Sold Price
$76,000
Premium/Discount to List
-$13,950
-15.51%

Purchase Details

Closed on
Sep 27, 2012
Sold by
Hughes Margaret Ann
Bought by
Bennett John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2012
Sold by
Lagatta Yuliana Andrea
Bought by
Lagatta Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2009
Sold by
Wachovia Mortgage Fsb
Bought by
Souza Dwayne M and Souza Nancy

Purchase Details

Closed on
Jun 18, 2009
Sold by
Diaz Carlos and Diaz Maria Elena
Bought by
Wachovia Mortgage Fsb

Purchase Details

Closed on
Feb 13, 1996
Sold by
Luis Diaz Jose and Luis Carlos
Bought by
Diaz Carlos and Diaz Maria Elena
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
Martinez Maria Carmen Prieto -- Old Republic Title Company
Martinez Maria Carmen Prieto $76,000 Old Republic Title Company
Bennett John -- Transcounty Title Company
Lagatta Lawrence -- Transcounty Title Company
Lagatta Lawrence $75,000 Transcounty Title Company
Saint George Family Limited Partnership -- Transcounty Title Company
Souza Dwayne M $40,000 Fidelity Natl Title Co Of Ca
Wachovia Mortgage Fsb $26,650 None Available
Diaz Carlos -- Transcounty Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lagatta Lawrence $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2014 12/29/14 Sold $76,000 -15.5% $109 / Sq Ft
11/22/2014 11/22/14 Pending -- -- --
07/22/2014 07/22/14 For Sale $89,950 -- $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 $1,008 $91,331 $42,059 $49,272
2024 $1,008 $89,541 $41,235 $48,306
2023 $995 $87,786 $40,427 $47,359
2022 $981 $86,066 $39,635 $46,431
2021 $979 $84,379 $38,858 $45,521
2020 $985 $83,515 $38,460 $45,055
2019 $970 $81,878 $37,706 $44,172
2018 $887 $80,273 $36,967 $43,306
2017 $920 $78,700 $36,243 $42,457
2016 $906 $77,158 $35,533 $41,625
2015 $892 $76,000 $35,000 $41,000
2014 $883 $75,339 $9,040 $66,299
Source: Public Records

Agents Affiliated with this Home

  • Rich Rubio

    Seller's Agent in 2014

    Rich Rubio

    HomeSmart PV & Associates

    (209) 535-8229

    26 Total Sales

    Rich Rubio
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Map

Source: MetroList

MLS Number: 14046823

MetroList

APN: 057-242-019

California Merced County Merced 95348 Franklin

2977 Elm Ave, Merced, CA

Not Listed for Sale

Detached

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