See Home Value
Franklin 95348
2840 N Drake Avenue
$368,809*
House - Off Market

2840 N Drake Avenue

Merced, CA 95348
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1795 Sqft
$225,000 - $275,000
Reference Base Price*
47.52%
Since Jun 1, 2019
National-US
Primary Model
Sold May 22, 2019
$227,500
$169,550 by Finance Of America Mortgage Ll
Mortgage Due Mar 01, 2051
Sold Nov 10, 2016
$247,000
$254,882 by Summit Funding Inc
Mortgage Due Dec 01, 2046

About This Property

An immaculate newer home located in a quiet area just built in 2017 Ready to move in! Home features: A very spacious living room and Dining room with vaulted ceilings carpet flooring, kitchen with granite countertops, food pantry, gas stove, dishwasher, built-in-microwave a breakfast bar, the kitchen is open to the family room, 2 full bathrooms with shower in Tub, Double sinks in master bath, Walk-in shower, Laundry room, dual pane windows, 2 car garage, front and backyard, block wall & wood fencing.

The manager has listed the unit size as 1795 square feet.
Unit Size
1,795Ft²
Days on Market
-
Land Size
6,250.00 acres
Price per sqft
$139
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2016

Price History

Date / Event Date Event Price
May 25, 2019 No longer available -
No longer available
May 22, 2019 Sold to Ravi Krishna Lakkaraju, Sun... $227,500
Sold to Ravi Krishna Lakkaraju, Sun...
Feb 2, 2019 Price Decreased $250,000
↓ $20K (7.4%)
Price Decreased
Jan 6, 2019 Price Decreased $270,000
↓ $15K (5.3%)
Price Decreased
Nov 14, 2018 Listed $285,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 432
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,250
  • Total Building Area: 1,795
  • Gross Building Area: 1,795
  • Building Area: 1,795
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,795
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EL CAPITAN ESTATE
  • Land Acres: 0.144
  • Standard Land Use Code: Single family residential
  • Legal Description 1: EL CAPITAN ESTATES PHASE 5 LOT 208

Ownership

  • Current Owner : LAKKARAJU RAVI KRISHNA
  • Current Owner 2: LAKKARAJU SUNEETHA
  • Previous Owner : ORTIZ ANTONIO
  • Owner Before Previous Owner: STONEFIELD HOME INC
  • Ownership Rights Codes: Family Trust

Neighborhood

  • School District Name: Merced Union High School District
  • Census Tract: 000903

Zoning

  • Zoning: R1

Geography

  • Parcel: 057-662-011-000
  • Lot: 208
  • Latitude: 37.3295
  • Longitude: -120.525

    Address

  • Full Address: 2840 N Drake Ave
  • Address - House Number: 2840
  • Street Direction: N
  • Address - Street Name: Drake
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Merced
  • Carrier Code: C026
  • 4-Digit Zip Code: 3618
  • Zip Code: 95348

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,792
  • Tax Rate Code Area: 083-007

    Appraisal Valuation

  • Standard Deviation: 0.1559
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 372,952
  • High Value: 431,122
  • Low Value: 314,783

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $169,550
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Feb 09, 2021
  • First Open Lien Mortgage Loan Amount: $169,550
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $243,495
  • Assessed Land Value: $58,970
  • Assessed Improvements Value: $184,525

    Sales

  • Current Sale Contract Date: Apr 30, 2019
  • Current Sale Recording Date: May 22, 2019
  • Current Sale Transaction ID: 11611491682
  • Current Sale Price: $227,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2019014636
  • Previous Sale Recording Date: Nov 10, 2016
  • Previous Sale Contract Date: Oct 26, 2016
  • Previous Sale Amount: $247,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT FUNDING INC
  • First Mortgage Transaction Date: May 22, 2019
  • First Mortgage Loan Amount: $170,325
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: SUMMIT FUNDING INC
  • Previous Mortgage Transaction Date: Nov 10, 2016
  • Previous Mortgage Loan Amount: $254,882
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Dec 01, 2046



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Franklin


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Frequently Asked Questions

When was property at 2840 North Drake Avenue built and last sold?
The property at 2840 North Drake Avenue was built in 2016 and last sold on Apr 30, 2019 for $227,500.
How much is this home worth?
The estimated value of the home located at 2840 North Drake Avenue is $251,194.
What are some comparable homes to 2840 North Drake Avenue?
There are currently no comparable homes to 2840 North Drake Avenue.

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