NOT LISTED FOR SALE

Estimated Value: $664,000 - $771,677

12 Beds
8 Baths
4,480 Sq Ft
$160/Sq Ft Est. Value

Last Sold September 20, 2016

Last sale price $385,000 $86 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $4,340/month

5 Days on Market

Highlights

  • 0.34 Acre Lot
  • Central Heating
  • 1-Story Property
  • No HOA

About This Home

As of September 2016

This 2003, 4 plex is two duplex buildings facing each other separated by a walk way. They each have 3 bed and 2 full baths, 1020 sq.ft and an indoor laundry closet for a washer and dryer. The rooms are spacious. Each unit has a nice size back yard. Parking is open parking. 3 of the 4 units are currently rented. Unit #3 is vacant with new flooring and painting and other upgrades being done to it. This unit is the same floor plan as the other units.

Last Agent to Sell the Property

Debra Clover

Stanislaus Property Management Inc. License #00992062 Listed on: 08/26/2016

Last Buyer's Agent

Raman Pannu

JRP Realty Group License #01889002

JRP Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,914

Year Built

  • Built in 2003

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions: 100

Parking

  • 6 Open Parking Spaces

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Free-Standing Electric Oven

Utilities

  • Central Heating
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $3,810
  • Tenant pays for cable tv electricity grounds care
  • Assessor Parcel Number 038-042-042-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 1 Vacant Unit
  • 3 Units Leased Month-To-Month
  • Operating Expense $12,695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,914

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 2003
  • Architectural Style: Ranch
  • Stories: 1
  • Number of Three Bedroom Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Oven
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Laminate,Varies by Unit,Linoleum/Vinyl
  • Window Features: Dual Pane Full,Window Coverings

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts
  • Listing Price: 370000.00
  • Patio And Porch Features: Varies by Unit
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 6
  • Parking Features: Street,Varies by Unit,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Utilities: Cable Available
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Apartment 4-9 units C1
  • Lot Size Acres: 0.3444
  • Lot Dimensions: 100 x 160
  • Lot Size Sq Ft: 15002

Rental Info

  • Tenant Pays: Cable TV,Electricity,Grounds Care
  • Total Deposit: 3810
  • Total # Leasable: 4

Multi Family

  • Gross Income: 37000
  • Operating Expense: 12695
  • Income Includes: Rent Only
  • Number of Month to Month Units: 3
  • Number of Units: 4
  • Number of Vacant Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 038-042-042-000
  • Current RE Taxes: 2914

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2019
Sold by
Singh Ramandeep and Pannu Jaswant S
Bought by
Excel Estate Holding Llc
Current Estimated Value
$717,839

Purchase Details

Closed on
Apr 11, 2019
Sold by
Whtie Stone Properties Llc
Bought by
Singh Ramandeep and Pannu Jaswant S

Purchase Details

Closed on
Oct 13, 2017
Sold by
Pannu Jaswant S
Bought by
White Stone Properties Llc

Purchase Details

Listed on
Aug 26, 2016
Closed on
Sep 15, 2016
Sold by
Kaur Baljinder
Bought by
Pannu Jaswant S
Seller's Agent
Debra Clover
Stanislaus Property Management Inc.
Buyer's Agent
Raman Pannu
JRP Realty Group
List Price
$370,000
Sold Price
$385,000
Premium/Discount to List
$15,000
4.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%
Original Mortgage
$150,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 26, 2016
Closed on
Sep 6, 2016
Sold by
Lam Kel H and Lam Lydia L
Bought by
Pannu Jaswant S
Seller's Agent
Debra Clover
Stanislaus Property Management Inc.
Buyer's Agent
Raman Pannu
JRP Realty Group
List Price
$370,000
Sold Price
$385,000
Premium/Discount to List
$15,000
4.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2010
Sold by
Castaneda Carlos B
Bought by
Lam Kei H and Lam Lydia L

Purchase Details

Closed on
Jan 24, 2006
Sold by
The Dalbir Kaur Living Trust
Bought by
Castaneda Carlos B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Interest Rate
1.4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 17, 2004
Sold by
Kaur Dalbir
Bought by
Kaur Dalbir

Purchase Details

Closed on
Jul 2, 2004
Sold by
Mora Hillario
Bought by
Kaur Dalbir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Excel Estate Holding Llc -- None Available
Singh Ramandeep -- None Available
White Stone Properties Llc -- None Available
Pannu Jaswant S -- First American Title Company
Pannu Jaswant S $385,000 First American Title Company
Lam Kei H $178,000 Multiple
Castaneda Carlos B $685,000 Fidelity National Title
Kaur Dalbir -- --
Kaur Dalbir $625,000 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh-Kaur 2019 Revocable Trus $642,000
Previous Owner Pannu Jaswant S $339,500
Previous Owner Pannu Jaswant S $150,000
Previous Owner Pannu Jaswant S $150,000
Previous Owner Castaneda Carlos B $513,750
Previous Owner Kaur Dalbir $500,000
Previous Owner Mora Hilario $232,000
Closed Kaur Dalbir $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2016 09/20/16 Sold $385,000 +4.1% $86 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
08/26/2016 08/26/16 For Sale $370,000 -- $83 / 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
2024 $5,245 $446,204 $50,197 $396,007
2023 $5,170 $437,456 $49,213 $388,243
2022 $5,049 $428,880 $48,249 $380,631
2021 $4,758 $420,471 $47,303 $373,168
2020 $4,849 $416,160 $46,818 $369,342
2019 $4,740 $408,000 $45,900 $362,100
2018 $4,520 $400,000 $45,000 $355,000
2017 $4,339 $385,000 $42,000 $343,000
2016 $2,268 $194,086 $27,256 $166,830
2015 $2,236 $191,172 $26,847 $164,325
2014 $2,204 $187,429 $26,322 $161,107
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16056323

MetroList

APN: 038-42-42