NOT LISTED FOR SALE

Estimated Value: $633,000 - $640,457

4 Beds
4 Baths
2,280 Sq Ft
$279/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $495,000 $217 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,858/month

14 Days on Market

Highlights

  • A-Frame Home
  • No HOA
  • 1-Story Property

About This Home

As of September 2020

This is your rare opportunity to invest in a well managed 4-plex. Located in the heart of Modesto's College area, you're walking distance to Modesto Junior College, Graceda Park, shopping at Roseburg Square and just minutes from freeway access. All recently updated 1 bedroom-1 bath units come with an assigned space for each tenant to park. This 4-plex has great tenants and excellent rental history with a positive upside potential.

Last Agent to Sell the Property

Alvin Prasad

RE/MAX Executive License #01779078 Listed on: 08/13/2020

RE/MAX Executive

Last Buyer's Agent

Pierce Brooker

Piercing Instints License #02073446

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 7,000

Parking

  • 1 Parking Space Included

Home Design

  • Quadruplex
  • A-Frame Home
  • Raised Foundation
  • Composition Roof

Additional Features

  • 1-Story Property
  • 7,000 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 109-007-027-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 3,185 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1918
  • Architectural Style: A-Frame
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Oven,Gas Water Heater
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts
  • Foundation: Raised
  • Listing Price: 489000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: 1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Sewer: Public Sewer
  • Cooling: Varies by Unit
  • Heating: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: C-1
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000

Rental Info

  • Tenant Pays: Cable TV,Electricity
  • Total # Leasable: 4

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 4
  • Number of Month to Month Units: 3185
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 109-007-027-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2020
Closed on
Sep 21, 2020
Sold by
Seck Seynabou
Bought by
Chen Jack Kuanhaur and The Jack Kuanhaur Chen Family
Seller's Agent
Alvin Prasad
RE/MAX Executive
Buyer's Agent
Pierce Brooker
Piercing Instints
List Price
$489,000
Sold Price
$495,000
Premium/Discount to List
$6,000
1.23%
Current Estimated Value
$636,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,729
Avg. Annual Appreciation
4.90%
Original Mortgage
$265,000
Outstanding Balance
$235,170
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$401,559

Purchase Details

Closed on
Sep 21, 2017
Sold by
Diop Ousmane
Bought by
Seck Seynabou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 22, 2014
Closed on
Mar 18, 2014
Sold by
Yu Silvia Z and Yu Sylvia Z
Bought by
Lionsgate Investments Llc
Seller's Agent
Steve Holly
PMZ Real Estate
Buyer's Agent
Bethany Mendoza
PMZ Real Estate
List Price
$145,000
Sold Price
$100,000
Premium/Discount to List
-$45,000
-31.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.03%

Purchase Details

Closed on
Dec 7, 1998
Sold by
Federal National Mortgage Association
Bought by
Yu Sylvia Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
6.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 1998
Sold by
Yu Peter T
Bought by
Yu Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
6.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 7, 1998
Sold by
Meyer Ronald D and Meyer Pamela V
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Chen Jack Kuanhaur $495,000 First American Title Company
Seck Seynabou -- First American Title Company
Seck Seynabou $320,000 First American Title Company
Lionsgate Investments Llc $100,000 Old Republic Title Company
Yu Sylvia Z $54,000 North American Title Co
Yu Sylvia -- North American Title Co
Federal National Mortgage Association $89,338 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Jack Kuanhaur $265,000
Previous Owner Seck Seynabou $240,000
Previous Owner Yu Sylvia Z $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2020 09/25/20 Sold $495,000 +1.2% $217 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $489,000 +389.0% $214 / Sq Ft
03/25/2014 03/25/14 Sold $100,000 -31.0% $45 / Sq Ft View Prior Sale
02/12/2014 02/12/14 Pending -- -- --
01/22/2014 01/22/14 For Sale $145,000 -- $65 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

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 $6,266 $535,802 $81,181 $454,621
2024 $5,985 $525,297 $79,590 $445,707
2023 $5,897 $514,998 $78,030 $436,968
2022 $5,754 $504,900 $76,500 $428,400
2021 $5,412 $495,000 $75,000 $420,000
2020 $3,750 $332,928 $208,080 $124,848
2019 $3,663 $326,400 $204,000 $122,400
2018 $3,487 $320,000 $200,000 $120,000
2017 $1,788 $164,781 $33,798 $130,983
2016 $1,754 $161,551 $33,136 $128,415
2015 $1,109 $101,997 $32,639 $69,358
2014 -- $81,843 $62,663 $19,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 20047543

MetroList

APN: 109-07-27