Seller's Agent in 2020
Curt Green
Nexthome Progressive
(209) 505-8679
43 Total Sales
1107 7th St Modesto, CA 95354
Downtown Modesto NeighborhoodEstimated Value: $407,000 - $417,851
3
Beds
3
Baths
1,008
Sq Ft
$409/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Floor Furnace
- 1-Story Property
- No HOA
About This Home
As of April 2020Tremendous cash flow and return for 3 downtown Modesto units, nearly double the rent/sf that other triplexes will deliver. New roof and some new AC units, as well as many small repairs have been done. Unparalleled rent/sf, nearly double the average for the area. Great value for investors.
Last Agent to Sell the Property
Nexthome Progressive License #01334709 Listed on: 01/10/2020
Last Buyer's Agent
Pierce Brooker
Piercing Instints License #02073446
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,633
Year Built
- Built in 1934
Lot Details
- 5,602 Sq Ft Lot
- Lot Dimensions: 40
Parking
- Open Parking
Home Design
- Triplex
- Traditional Architecture
- Raised Foundation
- Composition Roof
Interior Spaces
- 1-Story Property
- Free-Standing Electric Oven
Utilities
- Floor Furnace
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable tv electricity
- Assessor Parcel Number 104-014-006-000
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 2 Leased Units
- 1 Vacant Unit
- 2 Units Leased Month-To-Month
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2020
Closed on
Apr 9, 2020
Sold by
Craig Taylor
Bought by
Davis Avery L
Seller's Agent
Curt Green
Nexthome Progressive
Buyer's Agent
Pierce Brooker
Piercing Instints
List Price
$304,900
Sold Price
$300,000
Premium/Discount to List
-$4,900
-1.61%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,252
Avg. Annual Appreciation
6.83%
Original Mortgage
$225,000
Outstanding Balance
$201,118
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$224,961
Purchase Details
Listed on
Feb 12, 2018
Closed on
Mar 28, 2018
Sold by
Grover Thomas A and Grover Lester W
Bought by
Craig Taylor
Seller's Agent
Ben Balsbaugh
PMZ Real Estate
Buyer's Agent
Curt Green
Nexthome Progressive
List Price
$240,000
Sold Price
$230,000
Premium/Discount to List
-$10,000
-4.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.77%
Original Mortgage
$172,500
Interest Rate
4.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 15, 2007
Sold by
Resh Ron and Reynolds Resh Valarie
Bought by
Grover Thomas A and Grover Lester W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,600
Interest Rate
6.21%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 19, 1997
Sold by
Reynolds Resh Ronald J and Reynolds Resh Valarie
Bought by
Resh Ron and Reynolds Resh Valarie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
6.87%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 18, 1997
Sold by
Montgomery Kim
Bought by
Reynolds Resh Ronald J and Reynolds Resh Valarie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
6.87%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 21, 1997
Sold by
Montgomery Mary Ann
Bought by
Montgomery Kim
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 31, 1997
Sold by
United States Of America
Bought by
Montgomery Kim
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.96%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Davis Avery L | $300,000 | First American Title Company | |
| Craig Taylor | $230,000 | Cypress Title Corp | |
| Grover Thomas A | $207,000 | Chicago Title Co | |
| Grover Thomas A | -- | Chicago Title Co | |
| Grover Lester W | -- | Chicago Title Co | |
| Resh Ron | -- | First American Title Co | |
| Reynolds Resh Ronald J | $40,000 | First American Title Co | |
| Montgomery Kim | -- | Stewart Title | |
| Montgomery Kim | $67,500 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Davis Avery L | $225,000 | |
| Previous Owner | Craig Taylor | $172,500 | |
| Previous Owner | Grover Thomas A | $165,600 | |
| Previous Owner | Resh Ron | $112,000 | |
| Previous Owner | Resh Ron | $52,500 | |
| Previous Owner | Reynolds Resh Ronald J | $32,000 | |
| Previous Owner | Montgomery Kim | $68,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2020 04/24/20 | Sold | $300,000 | -1.6% | $298 / Sq Ft |
| 03/10/2020 03/10/20 | Pending | -- | -- | -- |
| 01/15/2020 01/15/20 | For Sale | $304,900 | 0.0% | $302 / Sq Ft |
| 01/13/2020 01/13/20 | Pending | -- | -- | -- |
| 01/10/2020 01/10/20 | For Sale | $304,900 | +32.6% | $302 / Sq Ft |
| 04/03/2018 04/03/18 | Sold | $230,000 | -4.2% | $228 / Sq Ft |
| 03/01/2018 03/01/18 | Pending | -- | -- | -- |
| 02/12/2018 02/12/18 | For Sale | $240,000 | -- | $238 / 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 |
|---|---|---|---|---|
| 2024 | $3,665 | $321,657 | $53,609 | $268,048 |
| 2023 | $3,611 | $315,351 | $52,558 | $262,793 |
| 2022 | $3,523 | $309,169 | $51,528 | $257,641 |
| 2021 | $3,314 | $303,108 | $50,518 | $252,590 |
| 2020 | $2,695 | $239,292 | $114,444 | $124,848 |
| 2019 | $2,633 | $234,600 | $112,200 | $122,400 |
| 2018 | $1,994 | $183,000 | $45,000 | $138,000 |
| 2017 | $1,807 | $166,500 | $41,000 | $125,500 |
| 2016 | $1,645 | $151,500 | $37,500 | $114,000 |
| 2015 | $1,370 | $126,000 | $37,500 | $88,500 |
| 2014 | $1,228 | $112,500 | $37,500 | $75,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2020
Douglas Larson
Nexthome Progressive
(209) 681-7491
62 Total Sales
-
P
Buyer's Agent in 2020
Pierce Brooker
Piercing Instints
-
Seller's Agent in 2018
Ben Balsbaugh
PMZ Real Estate
(209) 604-1869
35 Total Sales
Map
Source: MetroList
MLS Number: 20001779
APN: 104-14-06
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