NOT LISTED FOR SALE

1243 P St Newman, CA 95360

Estimated Value: $594,000 - $627,820

6 Beds
6 Baths
3,223 Sq Ft
$190/Sq Ft Est. Value

Last Sold December 31, 2014

Last sale price $304,428 $94 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $3,676/month

114 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Carpet
  • 3-minute walk to Harold R. Densmore Park
  • Level Lot

About This Home

As of December 2014

INVESTORS...GREAT OPPORTUNITY! 2-story duplex plus 1 single dwelling. All occupied. Duplex-built in 1992, 1st unit, all newer laminating flring thru-out. 2nd unit-laminating flring on the 1st flr & carpet upstairs. Both incl its own laundry in garage & private yard. Back house-built in 1920, all updated in 1992 incl wiring & plumbing, newer A/C, heating unit. Indoor laundry, detach lrg garage.

Last Agent to Sell the Property

Filomena Perry

Bertao Real Estate Group License #01493918 Listed on: 08/10/2014

Last Buyer's Agent

Sandal Romine

Jason Properties License #00453649

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,206

Year Built

  • 1920

Lot Details

  • Level Lot

Parking

  • Private Parking

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 3,223 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $29,100

Community Details

Overview

  • 2 Units
  • 3,223 Sq Ft Building

Building Details

  • Insurance Expense $1,196
  • Operating Expense $3,603
  • Gross Income $29,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,206

Year Built

1920

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Age: 94
  • Inspections Reports: Fault Zone, Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 3223
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Kitchen: Oven Range
  • Living Sq Ft: 3223
  • Stories: 2
  • Laundry: 220 Volt Outlet, Laundry Area - In All Units
  • Flooring: Carpet - Area, Laminate, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Private / Exclusive

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Newman-Crows Landing Unified

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7405.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7405.00
  • Lot Size Area Min Search: 7405.00
  • Maximum Lot Size: 7405.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.37
  • Max Rent2 Bed1 Bath Units: 875
  • Min Rent2 Bed1 Plus Bath Units: 775

Multi Family

  • Expense Insurance: 1196
  • Expenses Total: 3603
  • Income Annual Gross: 29100.00
  • Income Annual Rental: 29100
  • Income Gross Scheduled: 29100
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Maximum Size2 Bed1 Plus Bath Units: 1105
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 3
  • Operating Expenses Include: Maintenance - Repair
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal
  • Min Size2 Bed1 Plus Bath Units: 1059

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2022
Sold by
Nicolini Michael J
Bought by
Nicolini Revocable Trust
Current Estimated Value
$607,150

Purchase Details

Listed on
Aug 10, 2014
Closed on
Dec 18, 2014
Sold by
Oliveira Abel and Oliveira Filomena
Bought by
Nicolini Michael J and Nicolini Diane M
Seller's Agent
Filomena Perry
Bertao Real Estate Group
Buyer's Agent
Sandal Romine
Jason Properties
List Price
$369,900
Sold Price
$304,428
Premium/Discount to List
-$65,472
-17.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.58%
Original Mortgage
$21,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 8, 2005
Sold by
Oliveira Abel L and Oliveira Filomena C
Bought by
Oliveira Abel and Oliveira Filomena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.9%
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
Nicolini Revocable Trust -- --
Nicolini Michael J $304,500 North American Title Company
Oliveira Abel -- Stewart Title Of Modesto
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nicolini Michael J $21,000
Previous Owner Oliveira Abel $63,011
Previous Owner Oliveira Abel $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2014 12/31/14 Sold $304,428 0.0% $94 / Sq Ft
12/23/2014 12/23/14 Sold $304,428 -4.8% $94 / Sq Ft
12/02/2014 12/02/14 Pending -- -- --
11/05/2014 11/05/14 Pending -- -- --
10/27/2014 10/27/14 For Sale $319,900 -13.5% $99 / Sq Ft
08/10/2014 08/10/14 For Sale $369,900 -- $115 / Sq Ft
Source: MLSListings

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 $4,206 $358,189 $73,048 $285,141
2023 $4,091 $351,166 $71,616 $279,550
2022 $4,027 $344,281 $70,212 $274,069
2021 $3,967 $337,532 $68,836 $268,696
2020 $3,888 $334,072 $68,131 $265,941
2019 $3,907 $327,523 $66,796 $260,727
2018 $3,649 $321,102 $65,487 $255,615
2017 $3,974 $314,806 $64,203 $250,603
2016 $3,519 $308,635 $62,945 $245,690
2015 $3,634 $304,000 $62,000 $242,000
2014 $2,398 $195,807 $45,017 $150,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81429081

MLSListings

APN: 128-07-05