NOT LISTED FOR SALE

685 Gateway Dr Merced, CA 95340

North Merced Neighborhood

Estimated Value: $363,000 - $383,000

-- Bed
2 Baths
1,440 Sq Ft
$259/Sq Ft Est. Value

Last Sold October 09, 2024

Last sale price $365,000 $253 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,191/month

10 Days on Market

Highlights

  • Cathedral Ceiling
  • No HOA
  • Bathtub with Shower
  • Main Floor Bedroom
  • 2 Car Attached Garage
  • Patio

About This Home

As of October 2024

Prime Location Alert! Just 4 miles and 4 simple turns to UC Merced! Explore the convenience and style of this sought-after patio home in NE Merced, perfectly positioned just minutes from shopping centers and a short stroll from the Promenadehome to your favorite eateries, spas, salons, and gyms. This home features an open floor plan that spans a spacious living area, complemented by low-maintenance landscaping. Built in 2004 wit high-durability tile and laminate flooring throughout ensure ease of upkeep, while ample storage solutions enhance functionality. Enjoy the comfort of this home and the supreme convenience of proximity to UC Merced and CatTracks, making it a perfect spot for ease of commuting or investment. Ready to move in? This home is turnkey, complete with refrigerator, washer, and dryer. Settle in without the worry of HOA or specal CFD taxes, the only shared wall is a garage wall. Plus, a new A/C unit was installed just last year, ensuring your comfort from day one. Turnkey and waiting for youdiscover the ease of living close to everything in Merced!

Last Agent to Sell the Property

Monica Franks

HomeSmart PV & Associates License #01269788 Listed on: 09/10/2024

HomeSmart PV & Associates

Last Buyer's Agent

Preeti Tibrewala

Ashby & Graff License #02216646

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2004

Lot Details

  • 3,321 Sq Ft Lot
  • Landscaped
  • Sprinklers on Timer

Parking

  • 2 Car Attached Garage

Home Design

  • Half Duplex
  • Concrete Foundation
  • Slab Foundation
  • Frame Construction
  • Tile Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,440 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Combination Dining and Living Room
  • Laminate Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 006-450-041

Community Details

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • No Home Owners Association
  • Net Lease

Townhouse Details

Home Type

Townhome

Year Built

Built in 2004

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Subtype Description: Semi-Attached
  • Property Subtype 1: Halfplex
  • Remodeled Updated: No
  • Year Built: 2004
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Fireplace Features: Living Room, Gas Piped
  • Fireplaces: 1
  • Flooring: Laminate, Tile
  • Total Bathrooms: 2
  • Bathroom Features: Tub w/Shower Over
  • Dining Room Features: Dining/Living Combo
  • Kitchen Features: Laminate Counter
  • Living Room Features: Cathedral/Vaulted
  • Main Level: Bedroom(s), Living Room, Full Bath(s), Garage, Kitchen
  • Price Per Square Foot: 253.47
  • Square Footage: 1440.00

Exterior Features

  • Construction Materials: Stucco, Frame
  • Foundation: Concrete, Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 374900.00
  • Lot Features: Auto Sprinkler F&R, Shape Regular, Street Lights, Landscape Back, Landscape Front
  • New Construction: No
  • Patio And Porch Features: Uncovered Patio
  • Pool: No
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Attached

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: In & Connected, Public Sewer
  • Utilities: Cable Connected, Electric, Natural Gas Connected
  • Cooling: Ceiling Fan(s), Central
  • Electric: 220 Volts in Laundry
  • Heating: Central
  • Laundry Features: Dryer Included, Washer Included
  • Water Source: Public

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 Description: AR
  • Irrigation: None
  • Lot Size Acres: 0.0762
  • Lot Size Sq Ft: 3321.00

Rental Info

  • Lease Type: Net

Multi Family

Tax Info

  • Assessor Parcel Number: 006-450-041
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2025
Sold by
Mudradi Ramesh K
Bought by
Merced Ventures Llc
Current Estimated Value
$373,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$199,482
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$173,972

Purchase Details

Closed on
Jun 10, 2025
Sold by
Srikantan Rupa
Bought by
Mudradi Ramesh K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$199,482
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$173,972

Purchase Details

Listed on
Sep 10, 2024
Closed on
Sep 25, 2024
Sold by
Jacobs Kellie L
Bought by
Merced Ventures Llc
Seller's Agent
Monica Franks
HomeSmart PV & Associates
Buyer's Agent
Preeti Tibrewala
Ashby & Graff
List Price
$374,900
Sold Price
$365,000
Premium/Discount to List
-$9,900
-2.64%
Views
399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.91%

Purchase Details

Listed on
May 28, 2020
Closed on
Jun 26, 2020
Sold by
Hunter Keith P
Bought by
Jacobs Kellie L
Seller's Agent
Jeff Lawry
London Properties Ltd - Merced
Buyer's Agent
Monica Franks
Homesmart PV & Assoc., Merced
List Price
$245,000
Sold Price
$246,800
Premium/Discount to List
$1,800
0.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%
Original Mortgage
$197,440
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 28, 2020
Closed on
Jun 24, 2020
Sold by
Hunter Keith P
Bought by
Jacobs Kellie L
Seller's Agent
Jeff Lawry
London Properties Ltd - Merced
Buyer's Agent
Monica Franks
Homesmart PV & Assoc., Merced
List Price
$245,000
Sold Price
$246,800
Premium/Discount to List
$1,800
0.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,440
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2006
Sold by
Taganas Wilfredo L and Taganas Socorro D
Bought by
Taganas Wilfredo and Taganas Socorro

Purchase Details

Closed on
Dec 23, 2002
Sold by
Northtown Properties
Bought by
Taganas Wilfredo L and Taganas Socorro D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,120
Interest Rate
5.92%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 5, 1999
Sold by
Heritage Homes Llc
Bought by
Olivepark Professional Center Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Merced Ventures Llc -- --
Mudradi Ramesh K -- Wfg National Title
Mudradi Ramesh K -- Wfg National Title
Merced Ventures Llc $365,000 Transcounty Title Company
Jacobs Kellie L -- Transcounty Title Company
Jacobs Kellie L $247,000 Transcounty Title Company
Jacobs Kellie L -- New Title Company Name
Jacobs Kellie L $247,000 New Title Company Name
Taganas Wilfredo -- None Available
Taganas Wilfredo L $169,000 Chicago Title Company
Olivepark Professional Center Llc $505,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mudradi Ramesh K $200,000
Previous Owner Jacobs Kellie L $197,440
Previous Owner Jacobs Kellie L $197,440
Previous Owner Taganas Wilfredo L $135,120
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2024 10/09/24 Sold $365,000 -2.6% $253 / Sq Ft
09/20/2024 09/20/24 Pending -- -- --
09/10/2024 09/10/24 For Sale $374,900 +51.9% $260 / Sq Ft
07/08/2020 07/08/20 Sold $246,800 +0.7% $171 / Sq Ft View Prior Sale
06/08/2020 06/08/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $245,000 -- $170 / Sq Ft
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
2025 $2,811 $365,000 $120,000 $245,000
2024 $2,811 $261,904 $84,896 $177,008
2023 $2,772 $256,770 $83,232 $173,538
2022 $2,735 $251,736 $81,600 $170,136
2021 $2,729 $246,800 $80,000 $166,800
2020 $2,473 $219,566 $64,995 $154,571
2019 $2,437 $215,262 $63,721 $151,541
2018 $2,223 $211,042 $62,472 $148,570
2017 $2,307 $206,905 $61,248 $145,657
2016 $2,039 $182,000 $35,000 $147,000
2015 $1,881 $168,000 $35,000 $133,000
2014 $1,910 $171,000 $30,000 $141,000
Source: Public Records

Agents Affiliated with this Home

  • Monica Franks

    Seller's Agent in 2024

    Monica Franks

    HomeSmart PV & Associates

    (209) 345-3836

    10 in this area

    62 Total Sales

    Monica Franks
    Section Image

  • P

    Buyer's Agent in 2024

    Preeti Tibrewala

    Ashby & Graff

    (408) 634-8523

    4 in this area

    14 Total Sales

    Preeti Tibrewala
    Section Image
  • Jeff Lawry

    Seller's Agent in 2020

    Jeff Lawry

    London Properties Ltd - Merced

    (209) 261-8969

    58 in this area

    144 Total Sales

    Jeff Lawry
    Section Image
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Map

Source: MetroList

MLS Number: 224101134

MetroList

APN: 006-450-041

California Merced County Merced 95340 North Merced

685 Gateway Dr, Merced, CA

Not Listed for Sale

Townhouses

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