$657,500
SOLD SEP 27, 2024

5308 Wallace Rd Atwater, CA 95301

11 Acres
$59,773 Price per Acre
479,160 Sq Ft Lot

Recently Sold

14% Above List Price

2 Days on Market

Highlights

  • 11 Acre Lot
  • Agricultural
  • Crops
  • No HOA

About This Lot

As of September 2024

Instant Income & Future Potential: This 11-acre property in Merced Irrigation District guarantees immediate returns. A portion is leased for a cell tower, yielding significant monthly income, while the rest is leased for sweet potato farming. Total annual income is just over $40,000. Additionally, the parcel is zoned for business park in Atwater, so there's promising potential for future development.

Last Agent to Sell the Property

Jay Fiorini

Fiorini Real Estate Services License #01741543 Listed on: 04/29/2024

Last Buyer's Agent

Jay Fiorini

Fiorini Real Estate Services License #01741543 Listed on: 04/29/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $804

Lot Details

  • 11 Acre Lot
  • Property fronts a county road
  • Possible uses of the property include Agricultural, Commercial
  • Property is zoned Business Park, Agricultural,Agricultural/Residential,Business/Professional,Commercial,See Remarks

Farming

  • Crops
  • Agricultural

Community Details

  • No Home Owners Association
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 051-040-011-000

Property Details

Property Type

Land

Est. Annual Taxes

$804

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype 1: Commercial Lot
  • Primary Residence: None
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Other Equipment: None

Exterior Features

  • Other Structures: None
  • Disclosures/Documents: Preliminary Title Report, Soils Map, Subject to Lease, Land Lease Agreement, Natural Hazard Disclosure Available, Parcel Map, See Remarks
  • Fencing: None
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 575000.00
  • Lot Features: Shape Regular
  • New Construction: No
  • Pool: No
  • Road Frontage: City Street, County Road
  • Road Surface Type: Paved
  • Spa: No
  • Topography: Mostly Level,Mostly Level
  • Additional Living Units: No
  • Soil: Sandy

Utilities

  • Sewer: None
  • Utilities: See Remarks
  • Water Source: Irrigation District

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning: Business Park
  • Crops: See Remarks
  • Current Use: Agricultural, See Remarks
  • Development Status: Farm Land
  • Number of Lots: 1
  • Zoning Description: Agricultural,Agricultural/Residential,Business/Professional,Commercial,See Remarks
  • Irrigation: Public District, District
  • Lot Size Acres: 11.0000
  • Lot Size Sq Ft: 479160.00
  • Possible Use: Agricultural, Commercial
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Lease"]

Tax Info

  • Assessor Parcel Number: 051-040-011-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2024
Closed on
Sep 6, 2024
Sold by
Bean Sally Ann and Piper Judy Ann
Bought by
Global Signal Acquisitions Iv Llc
Seller's Agent
Jay Fiorini
Fiorini Real Estate Services
Buyer's Agent
Jay Fiorini
Fiorini Real Estate Services
List Price
$575,000
Sold Price
$657,500
Premium/Discount to List
$82,500
14.35%
Total Days on Market
2
Views
10
Current Estimated Value
$448,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$209,324
Avg. Annual Appreciation
-43.56%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $657,500 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 Sold $657,500 +14.3% --
05/01/2024 05/01/24 Pending -- -- --
04/29/2024 04/29/24 For Sale $575,000 -- --
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
2024 $804 $45,811 $45,811 --
2023 $791 $44,913 $44,913 $0
2022 $784 $44,033 $44,033 --
2021 $491 $43,170 $43,170 $0
2020 $484 $42,728 $42,728 $0
2019 $458 $41,891 $41,891 $0
2018 $445 $41,070 $41,070 $0
2017 $440 $40,265 $40,265 $0
2016 $433 $39,476 $39,476 $0
2015 $428 $38,884 $38,884 $0
2014 $418 $38,123 $38,123 $0
Source: Public Records

Agents Affiliated with this Home

  • Jay Fiorini

    Seller's Agent in 2024

    Jay Fiorini

    Fiorini Real Estate Services

    (888) 663-9937

    1 in this area

    24 Total Sales

    Jay Fiorini
    Section Image
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Map

Source: MetroList

MLS Number: 224041080

MetroList

APN: 051-040-011

California Merced County Atwater 95301

5308 Wallace Rd, Atwater, CA

This home is located at 5308 Wallace Rd, Atwater, CA 95301 and is currently priced at $657,500. 5308 Wallace Rd is a home located in Merced County with nearby schools including Peggy Heller Elementary School, Mitchell Intermediate School, and Buhach Colony High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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