NOT LISTED FOR SALE

1302 Princeton Ave Modesto, CA 95350

Estimated Value: $494,000 - $528,000

5 Beds
2 Baths
2,100 Sq Ft
$244/Sq Ft Est. Value

Last Sold October 18, 2017

Last sale price $325,000 $155 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,101/month

28 Days on Market

Highlights

  • No HOA
  • 2 Car Garage
  • 1-Story Property
  • Central Heating
  • Washer and Dryer

About This Home

As of October 2017

Attention investors!! Don't miss the opportunity to own this profitable income producing duplex in the college area with each unit highlighting their own attached garage and entry. This property makes an ideal investment with instant cash flow, currently leased, with tenants in place. Great location with proximity to transportation and conveniences. A must for the investor looking for an established investment return in an area with high demand for housing.

Last Agent to Sell the Property

Erik Walton

First Team Real Estate License #01985370 Listed on: 07/21/2017

Last Buyer's Agent

Robert Husman

Robert Husman Real Estate License #01155792

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,701

Parking

  • 2 Car Garage
  • 6 Open Parking Spaces

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Washer and Dryer

Additional Features

  • 7,701 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 115-030-017-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

7,701 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1955
  • Stories: 1
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Range,Free Standing Gas Range,Free Standing Refrigerator
  • Flooring: Tile,Wood

Exterior Features

  • Construction Materials: Block,Brick,Wood
  • Disclosures/Documents: Natural Hazard Disclosure Available
  • Listing Price: 340000.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 6
  • Covered Parking Spaces: 3
  • Garage Spaces: 2
  • Parking Features: Garage

Utilities

  • Cooling: Ceiling Fan(s),Central
  • Heating: Central
  • Laundry Features: Washer/Dryer

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: MFD
  • Lot Size Acres: 0.1768
  • Lot Size Sq Ft: 7701

Rental Info

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

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 115-030-017-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2017
Closed on
Oct 3, 2017
Sold by
Yook Ho Chee Wah and Yook Heong Mei
Bought by
Westlake Ralph A and Westlake Deborah L
Seller's Agent
Erik Walton
First Team Real Estate
Buyer's Agent
Robert Husman
Robert Husman Real Estate
List Price
$340,000
Sold Price
$325,000
Premium/Discount to List
-$15,000
-4.41%
Current Estimated Value
$512,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,873
Avg. Annual Appreciation
5.55%

Purchase Details

Listed on
Apr 27, 2015
Closed on
Jul 21, 2015
Sold by
Miu Kenneth Vai Kun and Miu Lynn Yokelin
Bought by
Yook Ho Chee Wah and Yook Heong Mei
Seller's Agent
Chandra Hughes
HomeSmart PV & Associates
Buyer's Agent
Steve Holly
PMZ Real Estate
List Price
$289,000
Sold Price
$289,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.06%

Purchase Details

Listed on
Apr 27, 2015
Closed on
May 26, 2015
Sold by
Corral Mh Llc
Bought by
Miu Kenneth Vai Kun and Miu Lynn Yokelin
Seller's Agent
Chandra Hughes
HomeSmart PV & Associates
Buyer's Agent
Steve Holly
PMZ Real Estate
List Price
$289,000
Sold Price
$289,000

Purchase Details

Listed on
May 16, 2013
Closed on
Aug 14, 2013
Sold by
Gould Becky
Bought by
Corral Mh Llc
Seller's Agent
Steven Zagaris
PMZ Real Estate
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$299,900
Sold Price
$255,000
Premium/Discount to List
-$44,900
-14.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$100,000
Interest Rate
4.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 24, 2009
Sold by
Lara Arturo
Bought by
Gould Becky

Purchase Details

Closed on
Feb 2, 2006
Sold by
Lara Erica Martinez
Bought by
Lara Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,920
Interest Rate
6.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 26, 2003
Sold by
Shroyer Dr Marilyn
Bought by
Shroyer Marilyn and The Marilyn Shroyer Trust

Purchase Details

Closed on
Jun 20, 2001
Sold by
Chum Julia and Lewman Susan
Bought by
Shroyer Dr Marilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,300
Interest Rate
7.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2001
Sold by
Stanislaus County Public Guardian
Bought by
Chum Julia and Lewman Susan
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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Purchase History

Date Buyer Sale Price Title Company
Westlake Ralph A $325,000 First American Title Company
Yook Ho Chee Wah -- None Available
Miu Kenneth Vai Kun $289,000 Chicago Title Company
Corral Mh Llc $255,000 Chicago Title Company
Gould Becky $149,800 None Available
Lara Arturo -- Alliance Title Company
Lara Arturo $425,000 Alliance Title Company
Shroyer Marilyn -- --
Shroyer Dr Marilyn $227,000 North American Title Co
Chum Julia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corral Mh Llc $100,000
Previous Owner Lara Arturo $339,920
Previous Owner Lara Arturo $42,490
Previous Owner Shroyer Dr Marilyn $204,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2017 10/18/17 Sold $325,000 -4.4% $155 / Sq Ft
08/11/2017 08/11/17 Pending -- -- --
07/14/2017 07/14/17 For Sale $340,000 +17.6% $162 / Sq Ft
06/04/2015 06/04/15 Sold $289,000 0.0% $138 / Sq Ft View Prior Sale
05/11/2015 05/11/15 Pending -- -- --
04/27/2015 04/27/15 For Sale $289,000 +13.3% $138 / Sq Ft
08/22/2013 08/22/13 Sold $255,000 -15.0% $121 / Sq Ft View Prior Sale
07/18/2013 07/18/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $299,900 -- $143 / Sq Ft
Source: MetroList

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 $4,324 $369,790 $147,916 $221,874
2024 $4,131 $362,540 $145,016 $217,524
2023 $4,070 $355,432 $142,173 $213,259
2022 $3,971 $348,464 $139,386 $209,078
2021 $3,735 $341,632 $136,653 $204,979
2020 $3,809 $338,130 $135,252 $202,878
2019 $3,721 $331,500 $132,600 $198,900
2018 $3,542 $325,000 $130,000 $195,000
2017 $3,199 $294,780 $76,500 $218,280
2016 $3,137 $289,000 $75,000 $214,000
2015 $2,828 $260,094 $30,599 $229,495
2014 $2,784 $255,000 $30,000 $225,000
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    Erik Walton

    First Team Real Estate

    Section Image
  • Robert Husman

    Buyer's Agent in 2017

    Robert Husman

    Robert Husman Real Estate

    (209) 985-3467

    2 Total Sales

    Robert Husman
    Section Image

  • C

    Seller's Agent in 2015

    Chandra Hughes

    HomeSmart PV & Associates

    (760) 861-3937

    2 Total Sales

    Chandra Hughes
    Section Image

  • S

    Buyer's Agent in 2015

    Steve Holly

    PMZ Real Estate

  • Steven Zagaris

    Seller's Agent in 2013

    Steven Zagaris

    PMZ Real Estate

    (209) 996-2645

    142 Total Sales

    Steven Zagaris
    Section Image

  • N

    Buyer's Agent in 2013

    Non-MLS Member

    Non-MLS Office

See All Agents

Map

Source: MetroList

MLS Number: 17044226

MetroList

APN: 115-30-17

California Stanislaus County Modesto 95350

1302 Princeton Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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