R
Seller's Agent in 2023
Ricardo Gil
Gil's Real Estate
1017 Herndon Rd Modesto, CA 95351
Bystorm NeighborhoodEstimated Value: $261,000
10
Beds
5
Baths
3,248
Sq Ft
$80/Sq Ft
Est. Value
Highlights
- Laundry Room
- Front Yard
- 1-Story Property
- Rectangular Lot
About This Home
As of June 2023Pro forma cap rate of 8.86%. All units have been recently remodeled so there is minimal deferred maintenance and low annual repair costs. This includes interior and exterior paint, flooring, roofs, cabinets, granite counters, fixtures and appliances. Property is two separate parcels, with three and two units each, so both qualify for conventional financing. 1019 Herndon Rd is zoned C-1: Neighborhood Commercial. Potential for future development. Great location for commuters, near CA-99 and CA-132, shopping centers and schools. Excellent rental market in Modesto, CA. Landlord pays water, trash and septic for 1017 Herndon and only trash and septic for 1019 Herndon. Sale includes two parcels: 1017 Herndon Rd - APN 038-041-041 - Residential Zoning and 1019 Herndon Rd - APN 038-041-042 - Commercial Zoning.
Last Agent to Sell the Property
Ricardo Gil
Gil's Real Estate License #01800755 Listed on: 01/17/2023
Last Buyer's Agent
Ricardo Gil
Gil's Real Estate License #01800755 Listed on: 01/17/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1944
Lot Details
- 7,500 Sq Ft Lot
- No Common Walls
- Rectangular Lot
- Front Yard
- 038-041-042
Interior Spaces
- 3,248 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Bathrooms
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Parking Available
- Driveway
- Unpaved Parking
- Off-Street Parking
Additional Features
- Urban Location
- Conventional Septic
Listing and Financial Details
- Legal Lot and Block 17 / 3611
- Assessor Parcel Number 038041041000
- $276 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 5 Units
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $2,200
- Maintenance Expense $2,000
- Other Expense $10,480
- Trash Expense $1,584
- Water Sewer Expense $2,180
- Operating Expense $19,644
- Gross Income $66,900
- Net Operating Income $45,249
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 18, 2024
Sold by
Garcia Ricardo and Garcia Ramon
Bought by
Express Property Rentals Inc
Current Estimated Value
Purchase Details
Listed on
Jan 17, 2023
Closed on
Jun 7, 2023
Sold by
3Aarc Enterprises Inc
Bought by
Garcia Ricardo and Garcia Ramon
Seller's Agent
Ricardo Gil
Gil's Real Estate
Buyer's Agent
Ricardo Gil
Gil's Real Estate
List Price
$779,900
Sold Price
$650,000
Premium/Discount to List
-$129,900
-16.66%
Views
476
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-29.89%
Original Mortgage
$107,000
Interest Rate
6.43%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 17, 2022
Sold by
Arakelian and Noma
Bought by
3Aarc Enterprises Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Interest Rate
4.16%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 16, 2016
Sold by
Carrera Alicia
Bought by
Galaviz Victor Ariel Carrera
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Express Property Rentals Inc | $650,000 | First American Title | |
| Garcia Ricardo | $650,000 | Placer Title | |
| Garcia Ricardo | -- | Placer Title | |
| 3Aarc Enterprises Inc | $200,000 | Stewart Title | |
| Galaviz Victor Ariel Carrera | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Garcia Ricardo | $107,000 | |
| Previous Owner | 3Aarc Enterprises Inc | $218,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/12/2023 06/12/23 | Off Market | $650,000 | -- | -- | |
| 06/09/2023 06/09/23 | Sold | $650,000 | 0.0% | $200 / Sq Ft | |
| 06/09/2023 06/09/23 | Sold | $650,000 | -7.1% | $255 / Sq Ft | View Prior Sale |
| 03/16/2023 03/16/23 | Pending | -- | -- | -- | |
| 03/15/2023 03/15/23 | Pending | -- | -- | -- | |
| 03/09/2023 03/09/23 | Price Changed | $699,900 | 0.0% | $215 / Sq Ft | |
| 03/03/2023 03/03/23 | Price Changed | $699,900 | -2.8% | $274 / Sq Ft | |
| 02/18/2023 02/18/23 | Price Changed | $719,900 | 0.0% | $282 / Sq Ft | |
| 02/18/2023 02/18/23 | Price Changed | $719,900 | -2.0% | $222 / Sq Ft | |
| 02/15/2023 02/15/23 | Price Changed | $734,900 | 0.0% | $226 / Sq Ft | |
| 02/02/2023 02/02/23 | Price Changed | $734,900 | -5.8% | $288 / Sq Ft | |
| 01/17/2023 01/17/23 | For Sale | $779,900 | 0.0% | $240 / Sq Ft | |
| 01/07/2023 01/07/23 | Price Changed | $779,900 | -3.7% | $306 / Sq Ft | |
| 12/12/2022 12/12/22 | For Sale | $809,900 | -- | $318 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $4,026 | $330,480 | $173,400 | $157,080 |
| 2024 | $3,243 | $270,504 | $176,868 | $93,636 |
| 2023 | $3,198 | $265,200 | $173,400 | $91,800 |
| 2022 | $1,095 | $81,986 | $28,580 | $53,406 |
| 2021 | $1,040 | $80,379 | $28,020 | $52,359 |
| 2020 | $1,057 | $79,556 | $27,733 | $51,823 |
| 2019 | $1,037 | $77,997 | $27,190 | $50,807 |
| 2018 | $995 | $76,468 | $26,657 | $49,811 |
| 2017 | $975 | $74,970 | $26,135 | $48,835 |
| 2016 | $959 | $73,501 | $25,623 | $47,878 |
| 2015 | $832 | $62,000 | $37,500 | $24,500 |
| 2014 | $758 | $55,000 | $37,500 | $17,500 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: FR23009112
APN: 038-41-41
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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