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Seller's Agent in 2014
Kurt Palmberg
PMZ Real Estate
101 Magnolia Ave Modesto, CA 95354
Aurora NeighborhoodEstimated Value: $590,000 - $676,611
6
Beds
6
Baths
4,614
Sq Ft
$137/Sq Ft
Est. Value
Highlights
- Property is near public transit
- No HOA
- 2-minute walk to Graceada Park
About This Home
As of January 20144514sf building zoned R3 on corner of Magnolia/Needham. 1st floor unit approx 2364sf w/3br/3ba + kitchen, living rm, dining rm, den, sun rm, butlers pantry, mud rm. Upstairs units are 1 br/1ba w/kitchens. None of the 4 units are on separate meters. City of Modesto indicates zoning permits hotel/inn/lodging/boarding for potential bed & breakfast. Close proximity to downtown(Graceda Pk, State Theatre, Gallo Center)may support such use. All VACANT-no rental history as units maintained & not rented
Last Agent to Sell the Property
Kurt Palmberg
PMZ Real Estate License #01332885 Listed on: 04/15/2013
Last Buyer's Agent
Kurt Palmberg
PMZ Real Estate License #01332885 Listed on: 04/15/2013
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,101
Year Built
- Built in 1916
Lot Details
- 0.25
Home Design
- Quadruplex
- Composition Roof
Parking
- 4 Open Parking Spaces
- 1 Parking Space Included
Additional Features
- 2-Story Property
- 0.25 Acre Lot
- Property is near public transit
- Window Unit Cooling System
Listing and Financial Details
- Assessor Parcel Number 110-008-009-000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Vacant Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 24, 2017
Sold by
Tan Hooi Ling
Bought by
Gaballah Ahmed A L and Ahmad A Gaballah Living Trust
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Outstanding Balance
$132,378
Interest Rate
3.97%
Mortgage Type
Commercial
Estimated Equity
$500,928
Purchase Details
Closed on
Nov 14, 2014
Sold by
Gaballah Ahmed Abdel Latif
Bought by
Gaballah Ahmed A L and Ahmed A Gaballah Living Trust
Purchase Details
Listed on
Apr 15, 2013
Closed on
Jan 22, 2014
Sold by
Towle Kenny Paul
Bought by
Tan Hooi Ling and Gaballah Ahmed Abdel Latif
Seller's Agent
Kurt Palmberg
PMZ Real Estate
Buyer's Agent
Kurt Palmberg
PMZ Real Estate
List Price
$425,000
Sold Price
$300,000
Premium/Discount to List
-$125,000
-29.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.45%
Original Mortgage
$225,000
Interest Rate
4.4%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gaballah Ahmed A L | $115,500 | Servicelink | |
| Gaballah Ahmed A L | -- | None Available | |
| Tan Hooi Ling | $300,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gaballah Ahmed A L | $255,500 | |
| Closed | Tan Hooi Ling | $225,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/23/2014 01/23/14 | Sold | $300,000 | -29.4% | $65 / Sq Ft |
| 11/19/2013 11/19/13 | Pending | -- | -- | -- |
| 04/15/2013 04/15/13 | For Sale | $425,000 | -- | $92 / Sq Ft |
Source: MetroList
Tax History Compared to Growth
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 | $5,000 | $427,595 | $120,426 | $307,169 |
| 2024 | $4,776 | $419,212 | $118,065 | $301,147 |
| 2023 | $4,706 | $410,993 | $115,750 | $295,243 |
| 2022 | $4,592 | $402,935 | $113,481 | $289,454 |
| 2021 | $4,319 | $395,035 | $111,256 | $283,779 |
| 2020 | $4,404 | $390,986 | $110,116 | $280,870 |
| 2019 | $4,302 | $383,320 | $107,957 | $275,363 |
| 2018 | $4,096 | $375,805 | $105,841 | $269,964 |
| 2017 | $3,438 | $316,870 | $47,529 | $269,341 |
| 2016 | $3,372 | $310,658 | $46,598 | $264,060 |
| 2015 | $3,327 | $305,993 | $45,899 | $260,094 |
| 2014 | $1,179 | $107,969 | $24,984 | $82,985 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MetroList
MLS Number: 13020541
APN: 110-08-09
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