Small home on 2.5 acres in THE MERCED CITY LIMITS. This property has been annexed into the city limits and price is based upon the potential for a Zone change to higher density residential development. Subject to a favorable zone change the site will be perfect for several small single family homes, condominiums, or duplexes. The home has been consistently rented but IS NOT a significant contributing factor toward the overall list price and potential future value. There are adjacent parcels that MAY become available for purchase in the near future. Buyer to conduct an investigation into feasibility of zone change and buyers intended use. Property abuts to new residential development in the area. Property has MID water and domestic well. Failure, of either well or septic will require hookup to city services. Property to be SOLD AS IS condition. Property is very close to the UNIVERSITY OF CALIFORNIA MERCED.
|--||New Value: $650,000|
|2/19/2021 7:02:00 PM||New Value: $650,000|