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8320 Magnolia Drive

8320 Magnolia Drive, Hilmar, CA 95324
Property in Merced
Sold Mar 09, 2016
$250,000
$182,000 by Mutual Of Omaha Mortgage Inc
Mortgage Due Nov 01, 2050
Sold Oct 08, 2010
$140,000
8320 Magnolia Drive in Hilmar, CA was first built in 1982 and is 42 years old. Although, the building on the property was most recently renovated and altered in 1983. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 8320 Magnolia Drive has 1,521 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,405 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of materials that we aren't sure of. For those who need parking, there is a attached garage. The garage is 504 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Feb 25, 2016 for $250,000. That's $123.46 per sqft. Prior to that sales transaction, the property was also sold in Oct 4, 2010 for $140,000. 8320 Magnolia Drive was last assessed in 2023. The total value of the property was assessed at $284,452. Specifically, the land the property is located on was valued at $56,889. While improvements on the property were assessed at a total of $227,563. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $3,022. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 504
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 2,025
  • Gross Building Area: 2,025
  • Building Area: 1,521
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,521
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CYPRESS HEIGHTS 04
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CYPRESS HTS #4 UNIT #1 LOT 5

Ownership

  • Current Owner : MORELLI AUSTIN AMADEO
  • Current Owner 2: MORELLI ROBERT A
  • Previous Owner : HOBBY MICHAEL R
  • Previous Owner 2: HOBBY KARMEN M
  • Owner Before Previous Owner: MACIEL MARIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Hilmar Unified School District
  • Census Tract: 000404

Zoning

  • Zoning: R1

Geography

  • Parcel: 015-110-043-000
  • Lot: 5
  • Latitude: 37.4089
  • Longitude: -120.857

    Address

  • Full Address: 8320 Magnolia Dr
  • Address - House Number: 8320
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Hilmar
  • Carrier Code: R004
  • 4-Digit Zip Code: 9364
  • Zip Code: 95324

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,022
  • Tax Rate Code Area: 075-006

    Appraisal Valuation

  • Standard Deviation: 0.1819
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 76
  • Final Value: 453,236
  • High Value: 535,688
  • Low Value: 370,784

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $182,000
  • First Open Lien Mortgage Lender: MUTUAL OF OMAHA MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Oct 29, 2020
  • First Open Lien Mortgage Loan Amount: $182,000
  • 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, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $284,452
  • Assessed Land Value: $56,889
  • Assessed Improvements Value: $227,563

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 25, 2016
  • Current Sale Recording Date: Mar 09, 2016
  • Current Sale Transaction ID: 1478065237
  • Current Sale Price: $250,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2016-007685
  • Previous Sale Recording Date: Oct 08, 2010
  • Previous Sale Contract Date: Oct 04, 2010
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FARMERS & MERCHANTS BANK OF CE
  • First Mortgage Transaction Date: Mar 09, 2016
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

About Hilmar-Irwin



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Frequently Asked Questions

What neighborhood is 8320 Magnolia Drive located in?
The 8320 Magnolia Drive is a located in the neighborhood of Merced in Hilmar-Irwin, Hilmar.
What is the average sales price for listings in 8320 Magnolia Drive?
The average sales price for units in 8320 Magnolia Drive is $0 currently.

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