NOT LISTED FOR SALE

6305 E Olive Ave Merced, CA 95340

Estimated Value: $578,012 - $616,000

3 Beds
2 Baths
2,160 Sq Ft
$276/Sq Ft Est. Value

Last Sold January 02, 2025

Last sale price $585,000 $271 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,327/month

55 Days on Market

Highlights

  • River View
  • No HOA
  • Hunting
  • 5.11 Acre Lot
  • Hiking Trails
  • Laundry Room

About This Home

As of January 2025

5 acres of PRIME REAL ESTATE!!!! This exceptional Ranchette offers endless opportunities for those who seeks remote living. ORGANIC growing perfect for raising your owe farm animals. This property is equipped with MID water and has two wells. This charming home offers 3 bedrooms and 2 baths. Explore the natural outdoor beauty in your backyard. Dream big because the possibilities are endless to create what you want to create on this dream home.

Last Agent to Sell the Property

Nai Saechao

Homesmart PV & Assoc., Merced Brokerage Phone: 209-631-3922 License #01897796 Listed on: 09/17/2024

Homesmart PV & Assoc., Merced

Last Buyer's Agent

Nai Saechao

Homesmart PV & Assoc., Merced Brokerage Phone: 209-631-3922 License #01897796 Listed on: 09/17/2024

Homesmart PV & Assoc., Merced

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 5.11 Acre Lot
  • Density is 2-5 Units/Acre
  • Property is zoned A-1

Parking

  • 2 Car Garage

Property Views

  • River
  • Woods
  • Pasture
  • Mountain

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,160 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • No Heating
  • Agricultural Well Water Source
  • Well
  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 053240014000
  • $88 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Mountainous Community

Recreation

  • Hunting
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: A-1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 053240014000
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2160.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 270.83
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Mountain(s), Pasture, River, Trees/Woods
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Septic Type Unknown
  • Water Source: Agricultural Well, Well
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Hiking, Hunting, Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 222644.00
  • Lot Size Acres: 5.1112

Multi Family

  • Lease Considered: No
  • Lot Size Area: 222644.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 19.01
  • TaxOtherAnnualAssessmentAmount: 88.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Dec 23, 2024
Sold by
Faust Andria
Bought by
Faust Donald G
Seller's Agent
Nai Saechao
Homesmart PV & Assoc., Merced
Buyer's Agent
Nai Saechao
Homesmart PV & Assoc., Merced
List Price
$625,000
Sold Price
$585,000
Premium/Discount to List
-$40,000
-6.4%
Views
31
Current Estimated Value
$597,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,006
Avg. Annual Appreciation
2.14%
Original Mortgage
$348,000
Outstanding Balance
$345,289
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$251,717

Purchase Details

Listed on
Sep 17, 2024
Closed on
Dec 5, 2024
Sold by
Padilla Steven J
Bought by
Faust Donald G and Faust Jason D
Seller's Agent
Nai Saechao
Homesmart PV & Assoc., Merced
Buyer's Agent
Nai Saechao
Homesmart PV & Assoc., Merced
List Price
$625,000
Sold Price
$585,000
Premium/Discount to List
-$40,000
-6.4%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Outstanding Balance
$345,289
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$251,717

Purchase Details

Closed on
May 11, 2023
Sold by
Foster Cynthia M Padilla
Bought by
Padilla Steven J

Purchase Details

Closed on
May 4, 2023
Sold by
Foster Cynthia M Padilla
Bought by
Padilla Steven J

Purchase Details

Closed on
Apr 20, 2010
Sold by
Padilla Mary M
Bought by
Padilla Mary M

Purchase Details

Closed on
Feb 14, 2006
Sold by
Padilla John and Padilla Mary
Bought by
Padilla John L and Padilla Mary M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Faust Donald G -- Westcor Land Title Insurance C
Faust Donald G $580,000 Westcor Land Title Insurance C
Foster Cynthia M Padilla -- Westcor Land Title Insurance C
Padilla Steven J -- Westcor Land Title Insurance C
Padilla Steven J -- None Listed On Document
Padilla Steven J -- None Listed On Document
Padilla Foster Cynthia M -- None Listed On Document
Padilla Mary M -- None Available
Padilla John L -- Public
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faust Donald G $348,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2025 01/02/25 Sold $585,000 -6.4% $271 / Sq Ft
11/11/2024 11/11/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $625,000 -- $289 / Sq Ft
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 $2,285 $211,903 $128,649 $83,254
2024 $2,285 $207,749 $126,127 $81,622
2023 $662 $57,413 $22,356 $35,057
2022 $656 $56,288 $21,918 $34,370
2021 $654 $55,186 $21,489 $33,697
2020 $645 $54,621 $21,269 $33,352
2019 $606 $53,551 $20,852 $32,699
2018 $586 $52,502 $20,444 $32,058
2017 $499 $51,474 $20,044 $31,430
2016 $502 $50,465 $19,651 $30,814
2015 $486 $49,708 $19,356 $30,352
2014 $471 $48,735 $18,977 $29,758
Source: Public Records

Agents Affiliated with this Home

  • Nai Saechao

    Seller's Agent in 2025

    Nai Saechao

    Homesmart PV & Assoc., Merced

    (209) 631-3922

    47 Total Sales

    Nai Saechao
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC24193048

California Regional Multiple Listing Service (CRMLS)

APN: 053-240-014

California Merced County Merced 95340

6305 E Olive Ave, Merced, CA

Not Listed for Sale

Detached

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