NOT LISTED FOR SALE

121 E Fairmont Ave Modesto, CA 95354

Central Modesto Neighborhood

Estimated Value: $512,000 - $515,913

4 Beds
2 Baths
1,924 Sq Ft
$267/Sq Ft Est. Value

Last Sold September 19, 2019

Last sale price $355,000 $185 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,111/month

7 Days on Market

Highlights

  • Contemporary Architecture
  • Double Pane Windows
  • Central Heating
  • No HOA
  • Patio
  • 1-Story Property

About This Home

As of September 2019

Excellent investment opportunity! This duplex is located in the heart of Modesto near hospitals, major shopping and transit. The mid-century modern architecture is unique and adds style. Each unit is 2 bedrooms with 1 bathroom. High ceilings with hardwood floors throughout the living room, hallways and bedrooms. Both units have unique contemporary fireplaces. Dual pane windows, ceiling fans and central heat and air. Eat in nook area in the kitchen. Laundry hook ups available for both units. One unit has a large private backyard and the other comes with a two car detached garage. You can live in one and rent the other or rent both traditionally or short term via Airbnb. Don't delay...these stylish units won't last long!!

Last Agent to Sell the Property

John Brasil

RE/MAX Executive License #01453293 Listed on: 08/10/2019

RE/MAX Executive

Last Buyer's Agent

Kris Blower

Grupe Real Estate License #00895003

Grupe Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,877

Year Built

  • Built in 1951

Lot Details

  • 8,995

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Contemporary Architecture
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Additional Features

  • Patio
  • 8,995 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 112-045-019-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Units Leased Month-To-Month
  • Insurance Expense $800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,877

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1951
  • Architectural Style: Contemporary
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Oven,Free Standing Electric Range
  • Flooring: Laminate,Tile,Wood
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: None
  • Foundation: Slab
  • Listing Price: 350000.00
  • Patio And Porch Features: Uncovered Patio
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage,Street

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available,Internet Available
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R2
  • Lot Size Acres: 0.2065
  • Lot Size Sq Ft: 8995

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Insurance Expense: 800
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 112-045-019-000
  • Current RE Taxes: 2877
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2021
Sold by
Dominique And Patti Azpeitia 2008 Family
Bought by
Azpeitia Kevin J
Current Estimated Value
$513,957

Purchase Details

Listed on
Aug 10, 2019
Closed on
Aug 30, 2019
Sold by
Funk Timothy R and Funk Rosle Y
Bought by
Azpeltia Dominique Joseph and Azpeltia Patti Lynn
Seller's Agent
John Brasil
RE/MAX Executive
Buyer's Agent
Kris Blower
Grupe Real Estate
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.06%

Purchase Details

Closed on
Oct 3, 2003
Sold by
Pedigo Anita S
Bought by
Funk Timothy R and Funk Rosie Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 19, 1996
Sold by
Duncan Lucille F
Bought by
Pedigo Anita S and Gibson Franka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,050
Interest Rate
8.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 13, 1996
Sold by
Duncan Mark Brian
Bought by
Duncan Lucille F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,050
Interest Rate
8.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 1995
Sold by
Duncan Mark Brian
Bought by
Duncan Lucille F
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
Azpeitia Kevin J -- Neumiller & Beardslee
Azpeltia Dominique Joseph $355,000 Old Republic Title Company
Funk Timothy R $250,000 Alliance Title Company
Pedigo Anita S $110,000 Stewart Title
Duncan Lucille F -- Stewart Title
Duncan Lucille F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Funk Timothy R $187,500
Previous Owner Pedigo Anita S $50,050
Closed Funk Timothy R $37,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2019 09/19/19 Sold $355,000 +1.4% $185 / Sq Ft
08/17/2019 08/17/19 Pending -- -- --
08/10/2019 08/10/19 For Sale $350,000 -- $182 / 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 $5,112 $437,163 $186,741 $250,422
2024 $4,883 $428,592 $183,080 $245,512
2023 $4,811 $420,190 $179,491 $240,699
2022 $4,169 $365,849 $97,903 $267,946
2021 $3,922 $358,677 $95,984 $262,693
2020 $3,999 $355,000 $95,000 $260,000
2019 $3,109 $277,000 $71,500 $205,500
2018 $2,877 $264,000 $68,000 $196,000
2017 $2,604 $240,000 $62,000 $178,000
2016 $2,367 $218,000 $56,500 $161,500
2015 $1,979 $182,000 $56,500 $125,500
2014 $1,774 $162,500 $56,500 $106,000
Source: Public Records

Agents Affiliated with this Home

  • John Brasil

    Seller's Agent in 2019

    John Brasil

    RE/MAX

    (209) 872-3400

    33 in this area

    178 Total Sales

    John Brasil
    Section Image
  • Kris Blower

    Buyer's Agent in 2019

    Kris Blower

    RE/MAX

    (209) 471-9771

    62 Total Sales

    Kris Blower
    Section Image
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Map

Source: MetroList

MLS Number: 19056774

MetroList

APN: 112-45-19

California Stanislaus County Modesto 95350 Central Modesto

121 E Fairmont Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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