NOT LISTED FOR SALE

Estimated Value: $533,609 - $562,000

4 Beds
2 Baths
1,903 Sq Ft
$289/Sq Ft Est. Value

Last Sold November 07, 2023

Last sale price $520,000 $273 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,428/month

5 Days on Market

Highlights

  • Contemporary Architecture
  • 4 Car Attached Garage
  • Tile Flooring
  • High Ceiling
  • Security Gate
  • Forced Air Heating and Cooling System

About This Home

As of November 2023

Must See Duplex! This wonderful 2 bed, 1 bath each side with two car garages, 1,903 square foot home located in Modesto would be ideal for you and your family with an income unit next door. This lovely home was built in 1977. Enjoy the distinguished schools associated with this highly desirable home: STOCKARD COFFEE ELEMENTARY SCHOOL, ELIZABETH USTACH MIDDLE SCHOOL, FRED C. BEYER HIGH SCHOOL. The laminate and tile flooring provides a formal touch while also offering low maintenance. The homes eat-in kitchen is the perfect place to gather for a meal. The kitchen comes equipped with electric range, dish washers. Keep things cool with this homes built-in ceiling fans. Stay cool with the homes included air conditioning. Gather with friends and family in the shade of this homes charming covered patio. By appointment only, call me today to learn more!

Last Agent to Sell the Property

Sergio Ascencio

Intero Real Estate Services License #00930950 Listed on: 10/19/2023

Intero Real Estate Services

Last Buyer's Agent

Sergio Ascencio

Intero Real Estate Services License #00930950 Listed on: 10/19/2023

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1977

Lot Details

  • 7,000 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,903 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Security Gate
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Formica Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $37,200

Community Details

Overview

Amenities

  • Courtyard

Building Details

  • 2 Leased Units
  • Gardener Expense $150
  • Insurance Expense $1,200
  • Maintenance Expense $200
  • Manager Expense $2,340
  • Trash Expense $40
  • Operating Expense $7,926
  • Gross Income $35,340

Property Details

Home Type

Multi-Family

Year Built

1977

Lot Details

7,000 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1903
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Formica, Oven Range - Electric
  • Living Sq Ft: 1903
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Courtyard, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central Ac, Central Forced Air - Gas
  • Heating System: Central Forced Air, Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Security Gate

Schools

  • High School: 36506

Lot Info

  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.44
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 150
  • Expense Maintenance: 200
  • Expense Management: 2340
  • Expenses Total: 7926
  • Expense Trash: 40
  • Income Annual Gross: 35340.00
  • Income Annual Rental: 37200
  • Income Gross Scheduled: 37200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2023
Closed on
Nov 3, 2023
Sold by
Leo Chun Chen Revocable Trust and Ronald Vincent Chen Trust
Bought by
Advanced Space Solutions Llc
Seller's Agent
Sergio Ascencio
Intero Real Estate Services
Buyer's Agent
Sergio Ascencio
Intero Real Estate Services
List Price
$499,999
Sold Price
$520,000
Premium/Discount to List
$20,001
4%
Views
37
Current Estimated Value
$550,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,203
Avg. Annual Appreciation
2.42%

Purchase Details

Closed on
Sep 1, 2021
Sold by
Ronald Vincent Castro Revocable Trust and Chen Ronald Vincent
Bought by
Ronald Vincent Chen Trust and Chen

Purchase Details

Listed on
Oct 28, 2016
Closed on
Oct 12, 2017
Sold by
Hoekzema Gerry and Hoekzema Laurie
Bought by
Chen Leo Yi Chun and The Leo Chun Chen Revocable Tr
Seller's Agent
Brian Serna
Century 21 Select Real Estate
Buyer's Agent
Dennis Nepote
Dane Realty, Inc.
List Price
$385,000
Sold Price
$330,000
Premium/Discount to List
-$55,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%

Purchase Details

Closed on
Nov 11, 1996
Sold by
Azizi John and Azizi Susan
Bought by
Payne Lucinda and Hoekzema Gerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,421
Interest Rate
7.91%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Advanced Space Solutions Llc $520,000 Fidelity National Title
Ronald Vincent Chen Trust -- None Listed On Document
Chen Leo Yi Chun $330,000 Fidelity National Title Co
Payne Lucinda $122,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Payne Lucinda $121,421
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2023 11/07/23 Sold $520,000 +4.0% $273 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/19/2023 10/19/23 For Sale $499,999 +51.5% $263 / Sq Ft
10/23/2017 10/23/17 Sold $330,000 -14.3% $165 / Sq Ft View Prior Sale
09/14/2017 09/14/17 Pending -- -- --
10/27/2016 10/27/16 For Sale $385,000 -- $193 / Sq Ft
Source: MLSListings

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 $5,861 $530,400 $239,700 $290,700
2024 $5,756 $520,000 $235,000 $285,000
2023 $3,997 $360,900 $147,641 $213,259
2022 $3,835 $353,825 $144,747 $209,078
2021 $3,768 $346,888 $141,909 $204,979
2020 $3,713 $343,332 $140,454 $202,878
2019 $3,646 $336,600 $137,700 $198,900
2018 $3,574 $330,000 $135,000 $195,000
2017 $1,703 $171,898 $49,111 $122,787
2016 $1,690 $168,529 $48,149 $120,380
2015 $1,663 $165,998 $47,426 $118,572
2014 $1,654 $162,747 $46,497 $116,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81945602

MLSListings

APN: 052-54-20

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