NOT LISTED FOR SALE

Estimated Value: $306,793

1.3 Acres
$235,995 Price per Acre
56,628 Sq Ft Lot

Last Sold October 12, 2022

Last sale price $300,000

Est. 2% increase in value since last sale

Current estimated payment $1,878/month

559 Days on Market

Highlights

  • 1.3 Acre Lot
  • Park or Greenbelt View
  • No HOA

About This Lot

As of October 2022

Excellent development opportunity in North Merced and just a few minutes drive to Merced College and UC Merced. This 1.3 acre commercial lot is located caddy-corner from the Target Shopping Center parking lot and within walking distance to Merced Mall. Merced Mall is slated for an additional 90,000 square feet of retail, food and entertainment making it a major entertainment destination in the near future. This vacant lot measures roughly 275' X 205' and City water and sewer is available along "R" Street. Other utilities (cable, gas, etc.) should also be available from "R" Street. Beautiful tree lined setting and bordering Black Rascal Creek making this an ideal site for a professional office complex. This lot is also adjacent to a small retail strip center that includes 7-11, a laundry-mat, Pizza Villa and tons of multi-family complexes. This parcel designated PD#8 zoning, which allows for Commercial Office use but could also potentially be approved for a Multi-Family project. Buyer will need to contact the City of Merced to determine buildable square footage, ingress/egress requirements, etc.

Last Agent to Sell the Property

Dan Gallagher

CB Commercial, Select Real Estate License #01819755 Listed on: 05/26/2020

Co-Listed By

Ernie Ochoa, CCIM

Keller Williams Property Team License #01247053

Last Buyer's Agent

Dan Gallagher

CB Commercial, Select Real Estate License #01819755 Listed on: 05/26/2020

Property Details

Property Type

  • Land

Lot Details

  • 1.3 Acre Lot
  • No Landscaping
  • Property is zoned P-D

Home Design

  • Planned Development

Additional Features

  • Park or Greenbelt Views
  • Urban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 48
  • Assessor Parcel Number 058030023000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: P-D
  • Property Type: Land
  • Parcel Number: 058030023000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 5.30

Exterior Features

  • View: Park/Greenbelt

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft, No Landscaping
  • Lot Size Sq Ft: 56628.00
  • Lot Size Acres: 1.3000

Multi Family

  • Lot Size Area: 56628.0000 Square Feet

Tax Info

  • Tax Census Tract: 10.03
  • Tax Lot: 48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2020
Closed on
Aug 19, 2022
Sold by
Sanchez Merced Properties Llc
Bought by
California Retail Builders Inc
Seller's Agent
Dan Gallagher
CB Commercial, Select Real Estate
Buyer's Agent
Dan Gallagher
CB Commercial, Select Real Estate
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%
Views
44
Current Estimated Value
$306,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,793
Avg. Annual Appreciation
0.86%

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
Nov 28, 2001
Sold by
Campbell William M and Walker John C
Bought by
Sanchez Henry and Sanchez Valerie
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
California Retail Builders Inc $300,000 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 $150,000 Chicago Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2022 10/12/22 Sold $300,000 -14.3% --
12/06/2021 12/06/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $350,000 0.0% --
03/11/2021 03/11/21 Pending -- -- --
05/26/2020 05/26/20 For Sale $350,000 -- --
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 $3,282 $312,120 $312,120 --
2024 $3,282 $306,000 $306,000 --
2023 $3,236 $300,000 $300,000 $0
2022 $6,009 $554,472 $554,472 $0
2021 $5,996 $543,600 $543,600 $0
2020 $6,044 $538,027 $538,027 $0
2019 $5,958 $527,478 $527,478 $0
2018 $5,436 $517,136 $517,136 $0
2017 $5,642 $506,997 $506,997 $0
2016 $5,554 $497,056 $497,056 $0
2015 $5,466 $489,590 $489,590 $0
2014 $2,019 $180,764 $180,764 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC20073162

California Regional Multiple Listing Service (CRMLS)

APN: 058-030-023