NOT LISTED FOR SALE
3 Beds
2 Baths
2,688 Sq Ft
7,501 Sq Ft Lot

Sale Details

Date Sold: October 20, 2017

Last sale price $275,000 $102 Per Sq Ft

151 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • No HOA
  • Property is near park and public transit
  • Private Yard
  • Double Pane Windows

About This Home

As of October 2017

This property is fully-rented, centrally-located within a short walking distance to the U.S. Post Office, Merced County Administration building, City of Merced Police Department, Merced County Sheriff's Office, Merced County Superior Courts building, City bus kiosk, the AMTRAK railroad station and the Merced City Schools administration building. A small convenience store is located across the street and the business district is about six blocks away.

Last Agent to Sell the Property

Neil Ballweber

Tinetti Realty Group License #01386976 Listed on: 05/01/2017

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 7,501 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Security Fence
  • Wrought Iron Fence
  • New Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Corners Of The Lot Have Been Marked
  • Sprinkler System
  • Private Yard
  • Lawn
  • Front Yard
  • Density is 2-5 Units/Acre
  • On-Hand Building Permits

Parking

  • 5 Open Parking Spaces
  • 5 Car Garage
  • Parking Available
  • Parking Lot
  • Off-Street Parking
  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Bungalow
  • Quadruplex
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Raised Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Blown-In Insulation
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,688 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Drapes & Rods
  • Window Screens

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Recirculated Exhaust Fan
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Located Outside
  • 220 Volts In Laundry

Home Security

  • Security Lights
  • Fire and Smoke Detector
  • Termite Clearance

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage
  • Outbuilding
  • Rain Gutters

Location

  • Property is near park and public transit
  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Underground Utilities
  • Overhead Utilities
  • 220 Volts in Workshop
  • Gas Water Heater
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Assessor Parcel Number 030183006000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units
  • Maintained Community

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $500
  • Professional Management Expense $2,522
  • Trash Expense $110
  • New Taxes Expense $3,000
  • Operating Expense $11,445
  • Gross Income $32,700
  • Net Operating Income $11,445

Security

  • Security Service
  • Controlled Access

Property Details

Home Type

Multi-Family

Year Built

Built in 1948 | Remodeled

Lot Details

7,501 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: No
  • Professional Management Expense: 2522.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Security Lights, Smoke Detector(s)
  • View: No
  • Zoning: R-3-1.5
  • Architectural Style: Bungalow, Contemporary
  • Property Condition: Building Permit, Repairs Cosmetic, Repairs Major, Termite Clearance, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 030183006000
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Laminate Counters, Unfurnished
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 102.31
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows, Drapes, Screens

Exterior Features

  • Foundation: Concrete Perimeter, Raised
  • Other Structures: Outbuilding, Storage
  • Exterior Features: Lighting, Satellite Dish
  • Fence: Yes
  • Fencing: Excellent Condition, New Condition, Security, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Blown-In Insulation, Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Unassigned, Uncovered, Parking Space, Off Street
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Electric Cooktop, Electric Water Heater, Gas Water Heater, Recirculated Exhaust Fan, Refrigerator
  • Electric: 220 Volts in Laundry, 220 Volts in Workshop, Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 110.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Maintenance Grounds, Trash, Sewer, Water, Security, Controlled Access
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corners Marked, Front Yard, Landscaped, Lawn, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Park Nearby, Sprinkler System, Utilities - Overhead, Yard
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1722
  • Latitude Manual: 37.30756700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Average1 Bed Area: 375 Square Feet
  • Average2 Bed Area: 480 Square Feet
  • Gross Income: 32700.00
  • Gross Scheduled Income: 32700.00
  • Insurance Expense: 500.00
  • Lot Size Area: 7501.0000 Square Feet
  • Net Operating Income: 11445.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Drapes: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 3166.00
  • Rent Control: No
  • Total Actual Rent: 2725.00
  • Total Expenses: 11445.00

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Census Tract: 13.02

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2017
Closed on
Oct 17, 2017
Sold by
Bought by
Seller's Agent
Neil Ballweber
Tinetti Realty Group
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$375,000
Sold Price
$275,000
Premium/Discount to List
-$100,000
-26.67%

Purchase Details

Closed on
Apr 4, 2014
Sold by
Bought by

Purchase Details

Closed on
Jan 16, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
6.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 5, 2003
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 2001
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Merced, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$275,000 Fidelity National Title
$318,806 None Available
-- Chicago Title Co
$340,000 Chicago Title Co
-- --
$98,600 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $66,000
Previous Owner $275,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/20/2017 10/20/17 Sold $275,000 -15.4% $102 / Sq Ft
09/29/2017 09/29/17 Pending -- -- --
07/08/2017 07/08/17 Price Changed $325,000 -13.3% $121 / Sq Ft
05/01/2017 05/01/17 For Sale $375,000 -- $140 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,501 $319,154 $46,420 $272,734
2025 $3,501 $314,647 $45,510 $269,137
2024 $3,311 $308,513 $44,618 $263,895
2023 $3,265 $302,499 $43,744 $258,755
2022 $3,222 $296,603 $42,887 $253,716
2021 $3,216 $290,823 $42,047 $248,776
2020 $3,241 $287,860 $41,616 $246,244
2019 $3,193 $282,250 $40,800 $241,450
2018 $2,913 $276,750 $40,000 $236,750
2017 $1,710 $153,183 $31,686 $121,497
2016 $1,683 $150,125 $31,065 $119,060
2015 $1,657 $147,882 $30,599 $117,283
2014 $2,212 $198,130 $30,000 $168,130
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC17092366

California Regional Multiple Listing Service (CRMLS)

APN: 030-183-006

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