71 S Melody Ln Merced, CA 95340
North Merced Neighborhood
3
Beds
2
Baths
971
Sq Ft
6,999
Sq Ft Lot
Highlights
- Main Floor Bedroom
- Neighborhood Views
- Bathtub
- No HOA
- Eat-In Kitchen
- Park
About This Home
As of December 2024Investment Opportunity: Steady Income-Producing Rental
Prime Merced Location | The property features an HVAC system. Please note: The earlier description of a ‘new HVAC system” was an error due to a miscommunication. The system is a new (modern) central heat/ AC system not the original 1940’s design.
SHE NEEDS A STYLE MAKEOVER BUT HER BONES ARE GOOD. Are you ready to turn your HGTV dreams into reality? This charming 1946 home, nestled in the heart of Merced, offers the perfect blend of character and potential.
Key Features:
This area is HOT. As North Merced develops, the prices will be going crazy. Get in while you still can.
Strong Rental History: Generate steady income with this proven rental property.
Recent Updates: Enjoy peace of mind with new central heating/air and double-paned windows.
Prime Location: Conveniently located near Raley's shopping center and UC Merced.
Expansive Lot: Explore endless possibilities with a generous 6,970 sq ft lot.
Investment Potential: Maximize your return with potential ADU development or home expansion.
Imagine the possibilities!
Rental Income: Rent to college students, working families, or even older relatives.
Airbnb Potential: Convert into a profitable short-term rental.
Outdoor Oasis: Create a backyard sanctuary with a garden, patio, or fire pit.
Don't miss this opportunity to own a rental in Merced before the prices go up in the area even more. Schedule a showing today!
Last Agent to Sell the Property
Zoe Alexander
Realty Executives Of Northern California Brokerage Phone: 209-347-7264 License #02054494 Listed on: 07/28/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,792
Year Built
- Built in 1949
Lot Details
- 6,999 Sq Ft Lot
- Density is up to 1 Unit/Acre
- Property is zoned R-1-6
Interior Spaces
- 971 Sq Ft Home
- 1-Story Property
- Tile Flooring
- Neighborhood Views
Kitchen
- Eat-In Kitchen
- Electric Oven
- Electric Range
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
- Bathtub
- Walk-in Shower
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Additional Features
- Exterior Lighting
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 31
- Assessor Parcel Number 006062013000
- $203 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 28, 2024
Closed on
Dec 18, 2024
Sold by
Contreras Ricardo
Bought by
Contreras Eva Rosa
Seller's Agent
Zoe Alexander
Realty Executives Of Northern California
Buyer's Agent
David Maclachlan
First 1st Choice Realty Group
List Price
$325,000
Sold Price
$295,000
Premium/Discount to List
-$30,000
-9.23%
Views
202
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,070
Avg. Annual Appreciation
1.09%
Original Mortgage
$205,000
Outstanding Balance
$203,932
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$93,023
Purchase Details
Listed on
Jul 28, 2024
Closed on
Dec 17, 2024
Sold by
Valdez Oscar and Valdez Dora M
Bought by
Contreras Eva Rosa
Seller's Agent
Zoe Alexander
Realty Executives Of Northern California
Buyer's Agent
David Maclachlan
First 1st Choice Realty Group
List Price
$325,000
Sold Price
$295,000
Premium/Discount to List
-$30,000
-9.23%
Views
202
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Outstanding Balance
$203,932
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$93,023
Purchase Details
Listed on
Feb 9, 2022
Closed on
Mar 25, 2022
Sold by
Sandoval Dunn Magdalena
Bought by
Valdez Oscar and Valdez Dora M
Seller's Agent
Josh Anastasio
London Properties Ltd - Merced
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$249,000
Sold Price
$250,000
Premium/Discount to List
$1,000
0.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%
Purchase Details
Closed on
Apr 11, 2016
Sold by
Nuno Carmen
Bought by
Dunne Magdalena Sandoval
Purchase Details
Closed on
Jul 14, 2015
Sold by
Patel Sharmin Shahjehan
Bought by
Nuno Carmen and Dunne Magdalena
Purchase Details
Closed on
Apr 1, 2011
Sold by
Ansari Najeeb
Bought by
Patel Sharmin Shahjehan
Purchase Details
Closed on
Jun 27, 2008
Sold by
Patel Sharmin
Bought by
Ansari Najeeb
Purchase Details
Closed on
Jun 26, 2008
Sold by
U S Bank Na
Bought by
Ansari Najeeb
Purchase Details
Closed on
Aug 28, 2007
Sold by
Roberson Katherine M
Bought by
U S Bank Na
Purchase Details
Closed on
Oct 7, 2003
Sold by
Roberson Katherine M and Heusler Katherine M
Bought by
Roberson Katherine M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
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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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | First American Title | |
| Grant Deed | $295,000 | First American Title | |
| Grant Deed | $250,000 | New Title Company Name | |
| Grant Deed | -- | None Available | |
| Grant Deed | $88,000 | None Available | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Transcounty Title Company | |
| Grant Deed | $67,000 | Transcounty Title Company | |
| Trustee Deed | $148,050 | First American Title Co | |
| Interfamily Deed Transfer | -- | Fidelity Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $205,000 | New Conventional | |
| Previous Owner | $29,970 | Credit Line Revolving | |
| Previous Owner | $240,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $170,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $94,400 | Unknown | |
| Previous Owner | $172,550 | Unknown | |
| Previous Owner | $50,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/27/2024 12/27/24 | Sold | $295,000 | -1.3% | $304 / Sq Ft |
| 11/25/2024 11/25/24 | Pending | -- | -- | -- |
| 11/02/2024 11/02/24 | Price Changed | $299,000 | -8.0% | $308 / Sq Ft |
| 09/30/2024 09/30/24 | For Sale | $325,000 | +10.2% | $335 / Sq Ft |
| 09/29/2024 09/29/24 | Off Market | $295,000 | -- | -- |
| 08/21/2024 08/21/24 | Price Changed | $325,000 | -13.3% | $335 / Sq Ft |
| 07/28/2024 07/28/24 | For Sale | $375,000 | +50.0% | $386 / Sq Ft |
| 04/08/2022 04/08/22 | Sold | $250,000 | +0.4% | $257 / Sq Ft |
| 02/21/2022 02/21/22 | Pending | -- | -- | -- |
| 02/09/2022 02/09/22 | For Sale | $249,000 | -- | $256 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $2,792 | $295,000 | $120,000 | $175,000 |
| 2024 | $2,792 | $260,100 | $88,434 | $171,666 |
| 2023 | $2,753 | $255,000 | $86,700 | $168,300 |
| 2022 | $1,075 | $98,160 | $44,618 | $53,542 |
| 2021 | $1,072 | $96,237 | $43,744 | $52,493 |
| 2020 | $1,079 | $95,251 | $43,296 | $51,955 |
| 2019 | $1,063 | $93,385 | $42,448 | $50,937 |
| 2018 | $895 | $91,555 | $41,616 | $49,939 |
| 2017 | $928 | $89,760 | $40,800 | $48,960 |
| 2016 | $912 | $88,000 | $40,000 | $48,000 |
| 2015 | $824 | $73,220 | $43,715 | $29,505 |
| 2014 | $807 | $71,787 | $42,859 | $28,928 |
Source: Public Records
Agents Affiliated with this Home
-
Z
Seller's Agent in 2024
Zoe Alexander
Realty Executives
-
Buyer's Agent in 2024
David Maclachlan
First 1st Choice Realty Group
(209) 947-2112
16 in this area
58 Total Sales
-
J
Seller's Agent in 2022
Josh Anastasio
London Properties Ltd - Merced
(209) 201-7057
4 in this area
6 Total Sales
-
N
Buyer's Agent in 2022
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
5,779 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MC24154892
APN: 006-062-013
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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