1961 Kelly Ave Merced, CA 95340

$457,500 Sold Price as of 03/23/2017

4 Beds
2 Baths
6,181 Sq.Ft.

Off Market

$457,500 Sold Price as of 03/23/2017 Refinance Your Mortgage

Map preview of 1961 Kelly Ave, Merced, CA 95340

Property Overview: 1961 Kelly Ave Merced, CA has 4 bedrooms, 2 bathrooms, 6,181 living square feet and 10,611 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1961 Kelly Ave is currently an off market home in the city of Merced. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Merced has a median list price of $430,000. The median price per/sqft for Merced is $258. With those numbers in mind, if you are looking to purchase a median priced home in Merced, CA and put 20% down you will need to save up $86,000 for the down payment and will need roughly $8,600 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Merced the commission could be as much as $20,750. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1961 Kelly Ave

Last sold for $475,000 on March 25th, 2017

September, 2021
Sep 1, 2021

Date

Expired

CRMLS: ML81805757

$1,075,000

Price
Aug 12, 2020

Date

Active

CRMLS: ML81805757

$715,000

Price
Listing provided courtesy of CRMLS

OWNER DECIDED TO KEEP PROPERTY IN FAMILY FOR GENERATIONS.... DO NOT DISTURB OCCUPANTS OR OWNER.

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July, 2020
Jul 31, 2020

Date

Expired

CRMLS: ML81728890

$1,075,000

Price
Oct 24, 2018

Date

Active

CRMLS: ML81728890

$715,000

Price
Listing provided courtesy of CRMLS

FULLY OCCUPIED 7 UNIT APMT. COMPLEX FOR INVESTMENT WITH UPSIDE POTENTIAL, TENANTS IN WAITING LIST. LARGE UNITS, 5-3Bed/1.5Ba+1-1Bd/1Ba+ 1 Studio. MOST UNITS RENOVATED INTERIOR, KITCHEN/LIVING ROOM, 1/2 BATH,LAUNDRY ROOM DOWN STAIRS AND 3 ROOMS + FULL BATH UPSTAIRS. TO BE SOLD WITH SIMILAR 7PLX NEXT DOOR, DIFFERENT PARCEL & MLS. Great 4 Retirement!!

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March, 2017
Mar 25, 2017

Date

Sold

CRMLS: ML81631768

$475,000

Price
Nov 13, 2016

Date

Active

CRMLS: ML81631768

$575,000

Price
Listing provided courtesy of CRMLS

Wonderful investment opportunity. This 7-plex building is well maintained ( There are two buildings next to each other1961 Kelly and 1971 Kelly). This apartment complex has great rental history. In each building there are 5-3bedroom 1.5 bath unit, 1-studio unit and 1-one bedroom unit. Currently is managed by professional property manager. The property is currently has wait list of potential tenants and generates very strong cash flow with plenty of upside in existing rents. The property still has potential to add value by increasing rents to market as leases expires. The complex has excellent location, it is very close to central Yosemite Hwy and Hwy 99. It is walking distance to Joe Herb Community Park and shopping locations. Need to sell both buildings together. Merced has become a very lucrative income property market for bay area investors who are seeking higher yields from cash flows as investors.

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March, 2017
Mar 23, 2017

Date

Sold (Public Records)

Public Records

$457,500

Price
September, 2006
Sep 29, 2006

Date

Sold (Public Records)

Public Records

$575,000

Price

Tax History for 1961 Kelly Ave

Assessed Value (2020): $485,352

Year	Land Value	Improved Value	Assessed Value
2020	$58,366	$426,986	$485,352

About 1961 Kelly Ave

Detailed summary of property

1961 Kelly Ave is categorized with a use code of Multi-Family Dwellings (Generic, Any Combination 2+) in Merced, CA 95340 and last sold on March 23, 2017 for $457,500. This property has 4 bedrooms, 2 bathrooms, roughly 6,181 living square feet, and sits on an approximately 10,611 square foot lot. Homes in Merced are selling for a median price of $415,000 and a median price per square foot of $244. Based on Ardent Real Estate Group's Merced Market Data, this home is sold 10.24% higher than the current median priced home. 1961 Kelly Ave was last sold on March 23, 2017 for $457,500. Local nearby listings include 2911 Antelo View Dr, 2286 Canyonback Rd and 15210 Antelo Pl. The average home in Merced, CA is selling in 66 days. There are currently 232 homes for sale in the Merced real estate market and 229 of them are single family homes while 3 of them are condos and 0 are townhomes. If you are the homeowner and looking to sell the home at 1961 Kelly Ave Merced, CA 95340 contact Ardent Real Estate Group and we will put you in touch with one of our Merced agents.

Public Facts for 1961 Kelly Ave

Public county record property details

Beds: 4
Baths: 2
Year built: 1980
Sq. Ft.: 6,181
Lot Size: 10,611
Stories: 2

Type: Multi-Family Dwellings (Generic, Any Combination 2+)
Pool: No
Spa: No
County: Merced
Lot#: --
APN: 034-240-025-000

The source for these homes facts are from public records.

95340 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$435,000

Median List Price/Sq.Ft.

$256

Median Sold Price

$410,000

Median Sold Price/Sq.Ft.

$242

Total Inventory

Median Sale to List Price %

103.8%

Avg Days on Market

Loan Type

Conventional (54.55%), FHA (30.3%), VA (0%), Cash (12.12%), Other (3.03%)

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(714) 706-1823

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