NOT LISTED FOR SALE

1304 Pecos Ave Modesto, CA 95351

Bystorm Neighborhood

Estimated Value: $402,000 - $429,000

4 Beds
2 Baths
1,680 Sq Ft
$247/Sq Ft Est. Value

Last Sold April 30, 2014

Last sale price $163,500 $97 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $2,383/month

20 Days on Market

Highlights

  • Neighborhood Views
  • Carpet
  • 1-Story Property
  • Forced Air Heating and Cooling System

About This Home

As of April 2014

ENJOY THE SECURITY OF STEADY RENTAL INCOME, WHILE LIVING IN ONE OF THESE UNITS, THESE 2 BED 1 BATH + I CAR GARAGE UNITS WITH NEW A/C AND A NEWER ROOF, MAKE A THIS A GREAT POSSIBILITY TO OWN A HOME. CORNER LOT WITH BOTH UNITS HAVING A PRIVATE, FENCE BACK YARD.

Last Agent to Sell the Property

Martin Morales

CENTURY 21 Masters License #01754042 Listed on: 03/18/2014

CENTURY 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • 1975

Lot Details

  • 6,970

Parking

  • Private Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,680 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Neighborhood Views
  • Oven or Range
  • Laundry in Garage

Utilities

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

Listing and Financial Details

  • Total Actual Rent $19,500
  • The owner pays for water

Community Details

Overview

  • 1,680 Sq Ft Building

Building Details

  • Insurance Expense $850
  • Operating Expense $3,145
  • Gross Income $18,525

Property Details

Home Type

Multi-Family

Year Built

1975

Lot Details

0

Listing Details

  • Zoning: SFR
  • Subclass: Duplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 97.32
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1680
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1975

Interior Features

  • Kitchen: Oven Range
  • Living Sq Ft: 1680
  • Stories: 1
  • Laundry: Laundry Area - In All Units, In Garage
  • Flooring: Carpet - Area, Carpet

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

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6970.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6970.00
  • Lot Size Area Min Search: 6970.00
  • Maximum Lot Size: 6970.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 7.99

Multi Family

  • Expense Insurance: 850
  • Expenses Total: 3145
  • Expense Water Sewer: 1200
  • Income Annual Gross: 18525.00
  • Income Annual Rental: 19500
  • Income Gross Scheduled: 19500
  • Maximum Building Height: 1
  • Meters: Separate Electric
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water, Miscellaneous/Other
  • Owner Pays: Water
  • Tenant Expenses: Utilities - Electric
  • Vacancy Amount: 975
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2014
Closed on
Apr 23, 2014
Sold by
Montecristo Capital Inc
Bought by
Erbert Joann A and The Joann A Erbert Revocable L
Seller's Agent
Martin Morales
CENTURY 21 Masters
List Price
$155,900
Sold Price
$163,500
Premium/Discount to List
$7,600
4.87%
Current Estimated Value
$415,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,000
Avg. Annual Appreciation
8.32%

Purchase Details

Listed on
Mar 18, 2014
Closed on
Apr 1, 2014
Sold by
Navarro Maria De Jesus Pina
Bought by
Montecristo Capital Inc
Seller's Agent
Martin Morales
CENTURY 21 Masters
List Price
$155,900
Sold Price
$163,500
Premium/Discount to List
$7,600
4.87%

Purchase Details

Closed on
Jun 14, 2012
Sold by
Maldonado Morales Pedro and Maldonado Morales Maria G
Bought by
Navarro Maria De Jesus Pina

Purchase Details

Closed on
Sep 4, 2003
Sold by
Baldwin Graham W and Baldwin Debra S
Bought by
Maldonado Morales Pedro and Maldonado Morales Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,400
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2002
Sold by
Hager Charles C and Hager Shirley A
Bought by
Baldwin Graham W and Baldwin Debra S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 19, 2000
Sold by
Burdick Norman R & Judith W Trs
Bought by
Hager Charles C and Hager Shirley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
10.9%
Mortgage Type
Commercial
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
Erbert Joann A $163,500 Old Republic Title Company
Montecristo Capital Inc $88,000 Old Republic Title Company
Navarro Maria De Jesus Pina -- Old Republic Title Company
Navarro Maria De Jesus Pina $87,000 First American Title Company
Maldonado Morales Pedro $188,000 Chicago Title
Baldwin Graham W -- Chicago Title Co
Hager Charles C $100,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maldonado Morales Pedro $150,400
Previous Owner Baldwin Graham W $106,000
Previous Owner Hager Charles C $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2014 04/30/14 Sold $163,500 +4.9% $97 / Sq Ft
04/07/2014 04/07/14 Pending -- -- --
03/18/2014 03/18/14 For Sale $155,900 -- $93 / 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
2025 $2,476 $200,418 $36,771 $163,647
2024 $2,371 $196,489 $36,050 $160,439
2023 $2,338 $192,638 $35,344 $157,294
2022 $2,284 $188,861 $34,651 $154,210
2021 $2,156 $185,159 $33,972 $151,187
2020 $2,196 $183,261 $33,624 $149,637
2019 $2,148 $179,668 $32,965 $146,703
2018 $2,052 $176,146 $32,319 $143,827
2017 $2,006 $172,693 $31,686 $141,007
2016 $1,970 $169,308 $31,065 $138,243
2015 $1,942 $166,766 $30,599 $136,167
2014 $1,100 $89,141 $30,738 $58,403
Source: Public Records

Agents Affiliated with this Home

  • Martin Morales

    Seller's Agent in 2014

    Martin Morales

    CENTURY 21 Masters

    (831) 402-7015

    14 Total Sales

    Martin Morales
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Map

Source: MLSListings

MLS Number: ML81408613

MLSListings

APN: 039-34-20

California Stanislaus County Modesto 95351 Bystorm

1304 Pecos Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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