NOT LISTED FOR SALE

Estimated Value: $543,000 - $925,506

4 Beds
4 Baths
2,000 Sq Ft
$367/Sq Ft Est. Value

Last Sold October 05, 2012

Last sale price $285,000 $142 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $4,328/month

8 Days on Market

About This Home

As of October 2012

Unique 9 studio units apartment. 8 units in main building, 1 unit above garage. Currently 3 units are rented. Balance of units need repair. Seller is selling as is. Zoning is C2 so property has the potential for different uses other than current. Units are rented for $400 per month. Landlord pays WSG, yard care, and trash. Tenant pays for electric.

Last Agent to Sell the Property

Ken Elving

Matel REALTORS License #00641110 Listed on: 08/30/2012

Last Buyer's Agent

Ken Elving

Matel REALTORS License #00641110 Listed on: 08/30/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,920

Year Built

  • Built in 1920

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions: 135

Parking

  • 1 Car Garage
  • 4 Open Parking Spaces

Home Design

  • Split Level Home
  • Fixer Upper

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 110-008-037-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 9 Units

Building Details

  • 3 Leased Units
  • 6 Vacant Units
  • 3 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,920

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1920
  • Levels: MultiSplit
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: See Remarks
  • Other Equipment: Varies by Unit
  • Flooring: Varies by Unit

Exterior Features

  • Construction Materials: Frame,Other
  • Disclosures/Documents: Rental/Lease Agmts,Other
  • Listing Price: 299950.00
  • Patio And Porch Features: See Remarks
  • Property Condition: Fixer
  • Roof: Composition,See Remarks

Garage/Parking

  • Open Parking Spaces: 4
  • Garage Spaces: 1
  • Parking Features: Open

Utilities

  • Security: Smoke Detector
  • Cooling: Other
  • Heating: Baseboard,Electric

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: C@
  • Lot Size Acres: 0.1900
  • Lot Dimensions: 62X 135
  • Lot Size Sq Ft: 8276

Rental Info

  • Tenant Pays: Electricity
  • Total # Leasable: 9

Multi Family

  • Gross Income: 43200
  • Income Includes: See Remarks
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 9
  • Number of Vacant Units: 6
  • Units Furnished: Varies By Unit

Tax Info

  • Assessor Parcel Number: 110-008-037-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2012
Closed on
Oct 2, 2012
Sold by
Knowles Henry R and The Cecilia M Knowles Family T
Bought by
Singh Deepak Paul
Seller's Agent
Ken Elving
Matel REALTORS
Buyer's Agent
Ken Elving
Matel REALTORS
List Price
$299,950
Sold Price
$285,000
Premium/Discount to List
-$14,950
-4.98%
Current Estimated Value
$734,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,253
Avg. Annual Appreciation
7.62%
Original Mortgage
$249,900
Outstanding Balance
$174,843
Interest Rate
3.58%
Mortgage Type
Commercial
Estimated Equity
$559,410

Purchase Details

Listed on
Aug 30, 2012
Closed on
Sep 27, 2012
Sold by
Paul Paromila
Bought by
Singh Deepak Paul
Seller's Agent
Ken Elving
Matel REALTORS
Buyer's Agent
Ken Elving
Matel REALTORS
List Price
$299,950
Sold Price
$285,000
Premium/Discount to List
-$14,950
-4.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,900
Outstanding Balance
$174,843
Interest Rate
3.58%
Mortgage Type
Commercial
Estimated Equity
$559,410

Purchase Details

Closed on
Feb 18, 2004
Sold by
Knowles Henry R and Knowles Revocable Trust
Bought by
Knowles Henry R and Cecilia M Knowles Family Trust

Purchase Details

Closed on
Aug 12, 1999
Sold by
Knowles Henry R and Knowles Cecilia M
Bought by
Knowles Henry R and Knowles Cecilia M

Purchase Details

Closed on
Feb 11, 1999
Sold by
May Knowles Henry R and May Cecilia
Bought by
Knowles Henry R and Knowles Cecilia M
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
Singh Deepak Paul $285,000 Old Republic Title Company
Singh Deepak Paul -- Old Republic Title Company
Knowles Henry R -- --
Knowles Henry R -- --
Knowles Henry R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Deepak Paul $249,900
Closed Singh Deepak Paul $249,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2012 10/05/12 Sold $285,000 -5.0% $143 / Sq Ft
09/07/2012 09/07/12 Pending -- -- --
08/30/2012 08/30/12 For Sale $299,950 -- $150 / 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 $3,920 $344,063 $100,802 $243,261
2023 $3,863 $337,318 $98,826 $238,492
2022 $3,769 $330,705 $96,889 $233,816
2021 $3,545 $324,222 $94,990 $229,232
2020 $3,614 $320,898 $94,016 $226,882
2019 $3,531 $314,607 $92,173 $222,434
2018 $3,361 $308,439 $90,366 $218,073
2017 $3,281 $302,393 $88,595 $213,798
2016 $3,218 $296,464 $86,858 $209,606
2015 $3,175 $292,012 $85,554 $206,458
2014 $3,126 $286,293 $83,879 $202,414
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 12053672

MetroList

APN: 110-08-37