NOT LISTED FOR SALE
4 Beds
2 Baths
1,036 Sq Ft
7,501 Sq Ft Lot

Sale Details

Date Sold: April 8, 2016

Last sale price $255,000 $246 Per Sq Ft

10 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of April 2016

Great investment property 100% occupied. 3 units of 4 bedrooms and 2 bathrooms. Rental income of $2400 a month! Units rented out below market value!! Hurry this one wont last.

Last Agent to Sell the Property

Salim Farha

Realty Executives of Northern California License #01485855 Listed on: 02/08/2016

Realty Executives of Northern California

Co-Listed By

HAMDE FARHA

Fathom Realty Group, Inc. License #01736081

Last Buyer's Agent

Manuel Ortiz, Jr.

Aldina Real Estate Company License #01768926

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1995

Lot Details

  • 7,501

Parking

  • Open Parking

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Laminate Flooring

Additional Features

  • 7,501 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 031-324-013-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1995

Lot Details

7,501 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Other
  • Year Built: 1995
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: See Remarks
  • Other Equipment: None
  • Flooring: Laminate

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: Rent Control
  • Listing Price: 264000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Open

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning Description: R1
  • Lot Size Acres: 0.1722
  • Lot Size Sq Ft: 7501

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 3
  • Number of Units: 3
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 031-324-013-000

MLS Schools

  • School District (County): Merced

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

Closed on
Mar 16, 2023
Sold by
Bought by

Purchase Details

Listed on
Feb 8, 2016
Closed on
Mar 1, 2016
Sold by
Bought by
Seller's Agent
Salim Farha
Realty Executives of Northern California
Buyer's Agent
Manuel Ortiz, Jr.
Aldina Real Estate Company
List Price
$264,000
Sold Price
$255,000
Premium/Discount to List
-$9,000
-3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
0.0362%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 21, 2011
Closed on
Dec 8, 2011
Sold by
Bought by
Seller's Agent
Nai Saechao
Homesmart PV & Assoc., Merced
Buyer's Agent
Salim Farha
Realty Executives Of Northern California
List Price
$159,900
Sold Price
$152,000
Premium/Discount to List
-$7,900
-4.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.18%
Original Mortgage
$148,146
Interest Rate
0.0412%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 29, 2003
Sold by
Bought by
Source: Public Records
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- None Listed On Document
$255,000 Transcounty Title Company
$152,000 Fidelity National Title Comp
$280,000 Transcounty Title Company
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 $374,000
Previous Owner $220,500
Previous Owner $191,250
Previous Owner $148,146
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 Prior Sale
04/08/2016 04/08/16 Sold $255,000 -3.4% $246 / Sq Ft
02/18/2016 02/18/16 Pending -- -- --
02/08/2016 02/08/16 For Sale $264,000 +73.7% $255 / Sq Ft
02/03/2012 02/03/12 Sold $152,000 -4.9% -- View Prior Sale
11/25/2011 11/25/11 Pending -- -- --
11/21/2011 11/21/11 For Sale $159,900 -- --
Source: MetroList

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
2025 $3,186 $301,667 $59,186 $242,481
2024 $3,186 $295,774 $58,026 $237,748
2023 $3,142 $289,996 $56,889 $233,107
2022 $3,101 $284,331 $55,774 $228,557
2021 $3,095 $278,778 $54,681 $224,097
2020 $3,118 $275,931 $54,121 $221,810
2019 $3,074 $270,647 $53,060 $217,587
2018 $2,804 $265,259 $52,020 $213,239
2017 $2,911 $260,079 $51,000 $209,079
2016 $1,832 $162,326 $15,915 $146,411
2015 $1,824 $160,009 $15,676 $144,333
2014 $1,687 $156,793 $15,369 $141,424
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MetroList

MLS Number: 16007084

MetroList

APN: 031-324-013

Your Personal Tour Guide

Ask me questions while you tour the home.