Great investment opportunity to develop corner lot vacant land zoned central community commercial located near downtown Merced and the Merced Tower theater. Verify with the City of Merced for potential to build multi-residential unit, small community retail, office space or mix use building. Location offers exposure to nearby traffic, small downtown businesses, multi-unit housing and City parking lot for additional parking needs. Sewer and public utility connections located on the south end of the lot near the alleyway.
Property Details
Property Features
Listing Office:
Office Name: Realty Executives of Northern California
Office Phone: (209) 385-8500
Listing Agent: Kelly Hasko
Lot Features
Lot Information:
Lot: Level, Corner Lot
Lot Size: 0.17 Acres
Other
Directions Information:
Directions: Martin Luther King Jr to Canal
Price Information
Listing Price Info
Price Summary:
List Price: $115,000
Tax Information:
Annual Amount: $639
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Merced, CA.
This property is $280K less than the Median Sold Price in Merced, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Fresno Multiple Listing System
MLS Number: #620707
Listing Office:
Office Name: Realty Executives of Northern California
Office Phone: (209) 385-8500
Listing Agent: Kelly Hasko
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS). 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. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Copyright 2024 Fresno Association of Realtors. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 11:55:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 06, 2018
Sep 06, 2018Home Sold
$55,000
Apr 20, 2006
Apr 20, 2006Home Sold
$150,000
Jan 06, 2006
Jan 06, 2006Home Sold
$100,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$639
$56,681
2020
$639
$56,100
2019
$1,582
$55,000
2018
$1,582
$150,000
2017
$1,175
$105,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$641
Per Month
Principal & Interest
$574
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$411
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
John Muir Elementary School
300 W 26th St
Distance between this listing and this school0.49 miles
Public District Grades KG-6
4
/10
John C. Fremont Elementary School
2150 S St
Distance between this listing and this school0.78 miles
Public District Grades KG-6
2
/10
Don Stowell Elementary School
251 E 11th St
Distance between this listing and this school0.80 miles
Public District Grades KG-6
Nearby Schools
4
/10
Herbert Hoover Middle School
800 E 26th St
Distance between this listing and this school0.80 miles
Public District Grades 7-8
4
/10
Tenaya Middle School
760 W 8th St
Distance between this listing and this school1.04 miles
Public District Grades 7-8
5
/10
Rudolph Rivera Middle School
945 Buena Vista Dr
Distance between this listing and this school1.72 miles
Public District Grades 7-8
Nearby Schools
2
/10
Yosemite High (Continuation)
1900 G St
Distance between this listing and this school0.31 miles
Public District Grades 9-12
4
/10
Independence High (Alternative)
1900 G St
Distance between this listing and this school0.31 miles
Public District Grades 9-12
5
/10
Merced High School
205 W Olive Ave
Distance between this listing and this school1.26 miles
The neighbors living near this home have an average income of $20,664. Most Merced, CA residents have annual incomes less than $35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1835 Martin Luther King Jr Way
What is the listing price of this property?
The listing price of 1835 Martin Luther King Jr Way property is $115,000.
What type of property is this?
The property 1835 Martin Luther King Jr Way is land located in Merced, California, 95340.
Is this property for sale now?
Active Listing: 1835 Martin Luther King Jr Way is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $639 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 6, 2018 for $55,000. (source: MLS/tax record).
How much acreage is this property?
The property 1835 Martin Luther King Jr Way is 0.17 acres.
Interested in 1835 Martin Luther King Jr Way? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1835 Martin Luther King Jr Way in Merced, CA and zip code 95340. This home sits on a 0.17 acre lot. It has been listed on Rocket Homes since October 27, 2024 and is currently priced at $115,000.
In October 2024 more than 17 listings in Merced, CA were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 27 were sold below. In October 2024 in Merced, CA there were 5.7% more homes for sale than in September 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $395,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.