NOT LISTED FOR SALE

1001 Florence Ave Modesto, CA 95351

West Modesto Neighborhood

Estimated Value: $674,231 - $751,000

8 Beds
4 Baths
2,800 Sq Ft
$255/Sq Ft Est. Value

Last Sold February 27, 2019

Last sale price $440,000 $157 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,185/month

17 Days on Market

Highlights

  • 0.62 Acre Lot
  • Double Pane Windows
  • 1-Story Property
  • No HOA
  • Multiple cooling system units

About This Home

As of February 2019

Highly sought after 4 Plex! So many possibilities with .62 Acres! Perfect income property all 2 bedrooms 1 Bath units! All units have large yards, indoor laundry rooms, and New roofs. Large shop on property, So much room county use code states property can have up to 9 units! This 4 plex is surrounded by single family homes and some multi-family units! Perfect location near HWY 132! All Units occupied, immediate CASH-FLOW!

Last Agent to Sell the Property

Johnny Flores

Cornerstone Homes License #01464580 Listed on: 01/08/2019

Last Buyer's Agent

Debbie Seip

NorCal Properties License #00676042

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.62 Acre Lot

Parking

  • 1 Parking Space Included

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Utilities

  • Multiple cooling system units
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 030-015-019-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1964
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: See Remarks
  • Other Equipment: None
  • Flooring: Carpet,Laminate,Tile
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 450000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Guest Parking Available,1 Space Per Unit

Utilities

  • Cooling: MultiUnits
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: Extra Storage,Laundry Hook-Up in Units,Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Multi-Plex
  • Lot Size Acres: 0.6208
  • Lot Size Sq Ft: 27042

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 4

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 030-015-019-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2019
Closed on
Feb 13, 2019
Sold by
Ash Property Management Llc
Bought by
Lindsley David K
Seller's Agent
Johnny Flores
Cornerstone Homes
Buyer's Agent
Debbie Seip
NorCal Properties
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%
Current Estimated Value
$712,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,616
Avg. Annual Appreciation
7.23%
Original Mortgage
$330,000
Outstanding Balance
$287,161
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$425,455

Purchase Details

Listed on
Jan 8, 2019
Closed on
Jan 28, 2019
Sold by
Ash William
Bought by
Ash Property Management Llc
Seller's Agent
Johnny Flores
Cornerstone Homes
Buyer's Agent
Debbie Seip
NorCal Properties
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$287,161
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$425,455

Purchase Details

Closed on
May 27, 2015
Sold by
Ash Property Management Llc
Bought by
Ash William

Purchase Details

Listed on
Jan 20, 2014
Closed on
Mar 26, 2014
Sold by
Pencotrustco
Bought by
Ash Property Management Llc
Seller's Agent
Larry Weber
The Land Group
Buyer's Agent
Johnny Flores
Cornerstone Homes
List Price
$240,000
Sold Price
$240,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.75%
Original Mortgage
$168,000
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2011
Sold by
Isop Ventures Inc
Bought by
Penscotrustco

Purchase Details

Closed on
May 9, 2011
Sold by
Abdulla Aryan Hassib
Bought by
Isop Ventures Inc

Purchase Details

Closed on
Jun 29, 2009
Sold by
Gmac Mortgage Llc
Bought by
Abdulla Aryan Hassib

Purchase Details

Closed on
May 20, 2009
Sold by
Bornstein Charlene G
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Jan 25, 2006
Sold by
Bornstein Charlene G
Bought by
Bornstein Art N and Bornstein Charlene G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,900
Interest Rate
3.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 21, 2005
Sold by
Ponce William R and Ponce Chenelle
Bought by
Bornstein Charlene G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,900
Interest Rate
3.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 14, 2003
Sold by
Polanco Raymond V and Polanco Tammy T
Bought by
Ponce William R and Ponce Chenelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
7.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 2003
Sold by
Baker Barbara J
Bought by
Polanco Raymond V and Polanco Tammy T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2001
Sold by
Baker Barbara J
Bought by
Baker Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 1994
Sold by
Baker Barbara J
Bought by
Baker William G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lindsley David K $440,000 Chicago Title
Ash Property Management Llc -- Chicago Title
Ash William -- Chicago Title
Ash William -- None Available
Ash Property Management Llc $240,000 Chicago Title Company
Penscotrustco $215,000 Chicago Title Company
Isop Ventures Inc $167,000 First American Title Company
Abdulla Aryan Hassib $127,000 First American Title Company
Gmac Mortgage Llc $153,000 None Available
Bornstein Art N -- None Available
Bornstein Charlene G $557,000 Chicago Title
Bornstein Charlene G -- Chicago Title
Ponce William R $380,000 Chicago Title
Polanco Raymond V $243,000 Alliance Title Company
Baker Barbara J -- Stewart Title
Baker William G -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lindsley David K $330,000
Previous Owner Ash Property Management Llc $168,000
Previous Owner Bornstein Charlene G $389,900
Previous Owner Ponce William R $342,000
Previous Owner Polanco Raymond V $194,400
Previous Owner Baker Barbara J $100,000
Previous Owner Baker William G $50,000
Closed Polanco Raymond V $24,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/27/2019 02/27/19 Sold $440,000 -2.2% $157 / Sq Ft
01/25/2019 01/25/19 Pending -- -- --
01/08/2019 01/08/19 For Sale $450,000 +87.5% $161 / Sq Ft
05/16/2014 05/16/14 Sold $240,000 0.0% $86 / Sq Ft View Prior Sale
01/24/2014 01/24/14 Pending -- -- --
01/20/2014 01/20/14 For Sale $240,000 -- $86 / Sq Ft
Source: MetroList

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,740 $490,823 $94,816 $396,007
2024 $5,483 $481,200 $92,957 $388,243
2023 $5,402 $471,766 $91,135 $380,631
2022 $5,271 $462,517 $89,349 $373,168
2021 $4,958 $453,449 $87,598 $365,851
2020 $5,055 $448,800 $86,700 $362,100
2019 $3,489 $310,848 $60,333 $250,515
2018 $3,321 $304,753 $59,150 $245,603
2017 $3,146 $289,955 $57,991 $231,964
2016 $3,086 $284,270 $56,854 $227,416
2015 $2,662 $244,794 $25,499 $219,295
2014 $2,405 $220,294 $30,738 $189,556
Source: Public Records

Agents Affiliated with this Home

  • Johnny Flores

    Seller's Agent in 2019

    Johnny Flores

    Cornerstone Homes

    (209) 484-4280

    11 in this area

    66 Total Sales

    Johnny Flores
    Section Image

  • D

    Buyer's Agent in 2019

    Debbie Seip

    NorCal Properties

  • L

    Seller's Agent in 2014

    Larry Weber

    The Land Group

    (209) 576-0131

    4 in this area

    7 Total Sales

    Larry Weber
    Section Image
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Map

Source: MetroList

MLS Number: 19001260

MetroList

APN: 030-15-19

California Stanislaus County Modesto 95351 West Modesto

1001 Florence Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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