NOT LISTED FOR SALE

930 W 16th St Merced, CA 95340

Downtown Merced Neighborhood

Estimated Value: $6,031,840

1.7 Acres
$3,548,141 Price per Acre
74,052 Sq Ft Lot

Last Sold May 10, 2017

Last sale price $1,475,000

Est. 309% increase in value since last sale

Current estimated payment $35,637/month

393 Days on Market

About This Lot

As of May 2017

Zoned CG (General Commercial) on W. 16th Street is a major east west arterial and a primary commercial corridor. Adjacent to Merced's Dining and Entertainment district. Only two parcels removed from R Street (also a major North South arterial connecting Highway 99 to North Merced). Ideal location for auto related businesses such as tire stores, auto parts, body shops etc. also great location for commercial strip center with restaurant. Will consider build to suit / ground lease.

Last Agent to Sell the Property

Steve Tinetti

Tinetti Realty License #00475070 Listed on: 11/10/2015

Last Buyer's Agent

Steve Tinetti

Tinetti Realty License #00475070 Listed on: 11/10/2015

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $46,909

Lot Details

  • 1.7 Acre Lot
  • Lot Dimensions: 170
  • Possible uses of the property include Commercial
  • Property is zoned Commercial, Commercial

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 031-173-004

Property Details

Property Type

Land

Est. Annual Taxes

$46,909

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype 1: Commercial Acreage
  • Primary Residence: None
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Other Equipment: None

Exterior Features

  • Other Structures: None
  • Disclosures/Documents: None,Flood Control Zone
  • Listing Price: 1475000.00
  • Lot Features: Curb(s),Gutter(s),Paved,Street Light(s)
  • Road Surface Type: Paved
  • Additional Living Units: No

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning: Commercial
  • Crops: None
  • Current Use: Commercial
  • Development Status: Lot Build To Suit
  • Zoning Description: Commercial
  • Irrigation: None
  • Lot Size Acres: 1.7000
  • Lot Dimensions: 170 x 453
  • Lot Size Sq Ft: 74052
  • Possible Use: Commercial

Multi Family

  • Income Includes: See Remarks

Tax Info

  • Assessor Parcel Number: 031-173-004
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2019
Sold by
Ps Acquisition Sub Corp
Bought by
National Retail Properties Lp
Current Estimated Value
$6,031,840

Purchase Details

Closed on
Mar 14, 2019
Sold by
Porges Properties I Llc
Bought by
Ps Acquisition Sub Corp

Purchase Details

Closed on
Dec 6, 2018
Sold by
Prime Shine Llc
Bought by
Porges Properties I Llc

Purchase Details

Listed on
Nov 10, 2015
Closed on
Apr 28, 2017
Sold by
Los Banos Gravel Company Inc
Bought by
Porges Properties I Llc
Seller's Agent
Steve Tinetti
Tinetti Realty
Buyer's Agent
Steve Tinetti
Tinetti Realty
List Price
$1,475,000
Sold Price
$1,475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.09%

Purchase Details

Closed on
Dec 31, 2015
Sold by
Mi 1 Llc
Bought by
Banos Gravel Company Inc

Purchase Details

Closed on
Nov 1, 2004
Sold by
Union Pacific Railroad Co
Bought by
Mi-1 Llc
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 Buyer Sale Price Title Company
National Retail Properties Lp $4,000,000 Fidelity National Title Co
Ps Acquisition Sub Corp $5,000,000 Fidelity National Title
Porges Properties I Llc $2,462,000 Accommodation
Porges Properties I Llc $1,050,000 Transcounty Title Company
Banos Gravel Company Inc -- None Available
Mi-1 Llc $680,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2017 05/10/17 Sold $1,475,000 0.0% --
12/07/2016 12/07/16 Pending -- -- --
11/10/2015 11/10/15 For Sale $1,475,000 -- --
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
2025 $46,909 $4,374,581 $2,241,973 $2,132,608
2024 $46,909 $4,288,806 $2,198,013 $2,090,793
2023 $46,272 $4,204,713 $2,154,915 $2,049,798
2022 $45,697 $4,122,268 $2,112,662 $2,009,606
2021 $45,602 $4,041,440 $2,071,238 $1,970,202
2020 $45,971 $4,000,000 $2,050,000 $1,950,000
2019 $29,657 $2,532,420 $1,092,420 $1,440,000
2018 $12,340 $1,071,000 $1,071,000 $0
2017 $9,323 $740,000 $740,000 $0
2016 $7,754 $665,000 $665,000 $0
2015 $8,513 $665,000 $665,000 $0
2014 $9,331 $740,000 $740,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Tinetti

    Seller's Agent in 2017

    Steve Tinetti

    Tinetti Realty

    (209) 722-1491

    7 in this area

    41 Total Sales

    Steve Tinetti
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Map

Source: MetroList

MLS Number: 15072255

MetroList

APN: 031-173-004

California Merced County Merced 95340 Downtown Merced

930 W 16th St, Merced, CA

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