NOT LISTED FOR SALE

557 Merced St Newman, CA 95360

Newman Area
4 Beds
4 Baths
1,808 Sq Ft
0.75 Acre Lot

Sale Details

Date Sold: May 30, 2013

Last sale price $395,500 $219 Per Sq Ft

16 Days on Market

Highlights

  • 0.75 Acre Lot
  • No HOA
  • 1-Story Property
  • Contemporary Architecture
  • Laundry Facilities

About This Home

As of May 2013

CLEAN TEN UNIT APARTMENT BUILDING has full occupancy!Each unit 1 bedroom,1 bath with walk-in closet,full baths & wall air conditioning units!Single Story building about 4880 sq.ft!.One Stall Carports!Huge lot about 3/4 of an acre w/possibility to add units (contact Newman Bldg.Dept).Separate Laundry facility. Easy access to Highway 33.Quiet complex.Recent improvements.Fairly big Building about 4,880 square feet.Each unit about 452 sq ft.(per owner.Call agent for income&expenses & FULL brochure

Last Agent to Sell the Property

JoAnna Lafler

Lafler Real Estate License #00410061 Listed on: 03/27/2013

Last Buyer's Agent

JoAnna Lafler

Lafler Real Estate License #00410061 Listed on: 03/27/2013

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,230

Year Built

  • Built in 1979

Lot Details

  • 32,670 Sq Ft Lot
  • Lot Dimensions are 208x158x208x158

Home Design

  • Contemporary Architecture

Parking

  • 1 Parking Space Included
  • 10 Covered Spaces

Additional Features

  • 1-Story Property
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 128-022-019-000

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 7 Units Leased Month-To-Month
  • Insurance Expense $1,489
  • Operating Expense $19,631

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,230

Year Built

Built in 1979

Lot Details

0.75 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1979
  • Architectural Style: Contemporary
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range,Free Standing Refrigerator
  • Other Equipment: None
  • Flooring: Carpet,Laminate,Tile,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: Natural Hazard Disclosure Available,Rental/Lease Agmts,Other
  • Listing Price: 405000.00
  • Roof: Tile,See Remarks

Garage/Parking

  • Covered Parking Spaces: 10
  • Parking Features: Carport,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Wall Unit(s)
  • Heating: Natural Gas,Wall Furnace

Condo/Co-op/Association

  • Association Features: Separate Laundry Facility
  • Association: No

Schools

  • Senior High School District: Newman-Crows Landing

Lot Info

  • Zoning Description: R3
  • Lot Size Acres: 0.7500
  • Lot Dimensions: 208X158x208x158
  • Lot Size Sq Ft: 32670

Rental Info

  • Tenant Pays: Electricity,Gas

Multi Family

  • Operating Expense: 19631
  • Income Includes: Coin Operated Equipment,Laundry
  • Insurance Expense: 1489
  • Number of Leased Units: 3
  • Number of Month to Month Units: 7
  • Number of Units: 10
  • Units Furnished: None
  • Gross Income Multiplier: 7.500

Tax Info

  • Assessor Parcel Number: 128-022-019-000
  • Current RE Taxes: 4230

MLS Schools

  • School District (County): Stanislaus

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
Mar 27, 2013
Closed on
May 2, 2013
Sold by
Espinoza Magdalena R
Bought by
Seller's Agent
JoAnna Lafler
Lafler Real Estate
Buyer's Agent
JoAnna Lafler
Lafler Real Estate
List Price
$405,000
Sold Price
$395,500
Premium/Discount to List
-$9,500
-2.35%

Purchase Details

Closed on
Jun 23, 2009
Sold by
Espinoza Magdalena R
Bought by
Espinoza Maria Magdalena and The Maria Magdalena Espinoza 2009 Trust

Purchase Details

Closed on
Jan 31, 2002
Sold by
Viveiros Larry J and Viveiros Kathryn L
Bought by
Espinoza Carlota R and Espinoza Magdalena R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
7.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2001
Sold by
Stephens and Carol
Bought by
Viveiros Larry J and Viveiros Kathryn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.09%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Newman, 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
$395,500 Stewart Title Of California
Espinoza Maria Magdalena -- None Available
Espinoza Carlota R $344,090 Stewart Title
Viveiros Larry J $290,000 Fidelity National Title Co
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 $165,000
Previous Owner Viveiros Larry J $160,000
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
05/30/2013 05/30/13 Sold $395,500 -2.3% $219 / Sq Ft
04/10/2013 04/10/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $405,000 -- $224 / Sq Ft
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 $6,039 $487,022 $137,915 $349,107
2024 $5,896 $477,473 $135,211 $342,262
2023 $5,743 $468,111 $132,560 $335,551
2022 $5,658 $458,933 $129,961 $328,972
2021 $5,578 $449,935 $127,413 $322,522
2020 $5,473 $445,322 $126,107 $319,215
2019 $5,498 $436,591 $123,635 $312,956
2018 $5,154 $428,031 $121,211 $306,820
2017 $5,587 $419,639 $118,835 $300,804
2016 $4,981 $411,411 $116,505 $294,906
2015 $5,135 $405,232 $114,755 $290,477
2014 $5,097 $397,295 $112,508 $284,787
Source: Public Records

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Map

Source: MetroList

MLS Number: 13016171

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