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647 Merced Lane

647 Merced Lane, Big Bear Lake, CA 92315
Property in San Bernardino
Sold Oct 26, 2021
$415,000
$352,750 by United Wholesale Mortgage
Mortgage Due Nov 01, 2051
Sold Oct 09, 2002
$99,000
$93,000 by Ctx Mtg
Mortgage Due Oct 01, 2032
Local assessors in Big Bear Lake, CA have categorized 647 Merced Lane as a residential type of property. The home was built in 1938 and is 86 years old. The property's lot size has been calculated to be 2,300 square feet. The linear feet between the front and back of the lot was measured at 920 ft and the front of the lot was measured at 250 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 647 Merced Lane has a total of 756 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of composition shingle. Residents rely on no air conditioning for their cooling system. The home's floor/wall heating system is the primary heating source and it is being fueled with nothing. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 647 Merced Lane was last sold in Sep 29, 2021 for $415,000. According to our calculations, that's $548.94 per sqft. Prior to that sales transaction, the property was sold for $99,000 in Aug 26, 2002. Current property owners are expected to pay $5,392 in taxes per year. The property on 647 Merced Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $423,300. To break that down further, the land itself was valued at $84,660. While improvements to the property were assessed at a total of $338,640. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,300
  • Lot Size Depth Feet: 920
  • Lot Size Frontage Feet: 250
  • Total Building Area: 756
  • Gross Building Area: 756
  • Building Area: 756
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Floor/wall
  • Heated Square Feet: 756
  • Heating Fuel Type: None

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TRACT 1768
  • Land Acres: 0.053
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: TRACT 1768 LOT 21

Ownership

  • Current Owner : THARP STEPHANIE SUE
  • Current Owner 2: EDWARDS GREGG R
  • Previous Owner : GRIGORIAN GRETA C
  • Previous Owner 2: GALLETTA CATHY R
  • Owner Before Previous Owner: ROBERTS CHESTER M
  • Owner Before Previous Owner 2: ROBERTS LEAH CHRISTINE
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Bear Valley Unified School District
  • Census Tract: 011205

Geography

  • Assessors Map Reference: 98-C4
  • District: 15
  • Subdivision Tract Number: 1768
  • Parcel: 0309-123-24-0000
  • Lot: 21
  • Municipality: BIG BEAR
  • Latitude: 34.2409
  • Longitude: -116.905

    Address

  • Full Address: 647 Merced St
  • Address - House Number: 647
  • Address - Street Name: Merced
  • Address - Suffix Type: St
  • State: CA
  • City Name: Big Bear Lake
  • Zip Code: 92315

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,392
  • Tax Rate Code Area: 017-001

    Appraisal Valuation

  • Standard Deviation: 0.1849
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 75
  • Final Value: 477,064
  • High Value: 565,307
  • Low Value: 388,821

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $352,750
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 26, 2021
  • First Open Lien Mortgage Loan Amount: $352,750
  • 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: Nov 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $423,300
  • Assessed Land Value: $84,660
  • Assessed Improvements Value: $338,640

    Sales

  • Current Sale Contract Date: Sep 29, 2021
  • Current Sale Recording Date: Oct 26, 2021
  • Current Sale Transaction ID: 11861655574
  • Current Sale Price: $415,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0485273
  • Previous Sale Recording Date: Oct 09, 2002
  • Previous Sale Contract Date: Aug 26, 2002
  • Previous Sale Amount: $99,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Oct 26, 2021
  • First Mortgage Loan Amount: $352,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CTX MTG
  • Previous Mortgage Transaction Date: Oct 09, 2002
  • Previous Mortgage Loan Amount: $93,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Oct 01, 2032

About Big Bear Lake



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Frequently Asked Questions

What neighborhood is 647 Merced Lane located in?
The 647 Merced Lane is a located in the neighborhood of San Bernardino in Big Bear Lake, Big Bear Lake.
What is the average sales price for listings in 647 Merced Lane?
The average sales price for units in 647 Merced Lane is $0 currently.

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