NOT LISTED FOR SALE

1317 E Rumble Rd Modesto, CA 95355

Northeast Modesto Neighborhood

Estimated Value: $825,000 - $839,461

6 Beds
3 Baths
3,604 Sq Ft
$231/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $820,000 $228 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,130/month

46 Days on Market

Highlights

  • 4 Car Garage
  • Tile Flooring
  • 1-Story Property
  • Double Pane Windows
  • Forced Air Heating and Cooling System

About This Home

As of November 2023

NEW LOWER PRICE! Welcome to this fantastic triplex located in the heart of Modesto! Offering three spacious and well-maintained 2-bedroom, 1-bathroom units! This income-generating property is an ideal investment opportunity, perfectly situated near shopping centers, schools, essential amenities and easy access to major highways, ensuring a quick commute to neighboring cities. Whether you're a seasoned investor or just starting out, this triplex presents an ideal opportunity to grow your portfolio and secure a steady stream of rental income. Don't miss out on this promising investment in a prime Modesto location!

Last Agent to Sell the Property

Team Russ Homes

Coldwell Banker Realty License #70010202 Listed on: 09/18/2023

Co-Listed By

Jessica Alves

Coldwell Banker Realty License #02071903

Last Buyer's Agent

Asir Shahim

EXP Realty of California, Inc License #01987083

EXP Realty of California, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 9,635

Parking

  • 4 Car Garage

Home Design

  • Triplex
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 3,604 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Flooring

  • Carpet
  • Tile

Additional Features

  • 9,635 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $52,980

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $810
  • Insurance Expense $700
  • Maintenance Expense $1,498
  • Manager Expense $2,834
  • Other Expense $1,700
  • Utility Expense $1,754
  • Trash Expense $1,381
  • Operating Expense $20,677
  • Gross Income $52,980

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3604
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Living Sq Ft: 3604
  • Stories: 1
  • Flooring: Carpet, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Flat / Low Pitch

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 5
  • Garage Parking Features: Attached Garage, Detached Garage

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 36506

Lot Info

  • Lot Acres: 0.2212
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9637.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9637.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.08
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 700
  • Expense Landscape: 810
  • Expense Maintenance: 1498
  • Expense Management: 2834
  • Expenses Other: 1700
  • Expenses Total: 20677
  • Expenses Utility: 1754
  • Expense Trash: 1381
  • Income Annual Gross: 52980.00
  • Income Annual Rental: 52980
  • Income Gross Scheduled: 52980
  • Income Includes: Rents
  • Meters: Separate Common Area
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance, Maintenance - Elevator, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2023
Closed on
Nov 10, 2023
Sold by
Kapila Properties Llc
Bought by
Azimi Ali and Azimi Shubnam
Seller's Agent
Team Russ Homes
Coldwell Banker Realty
Buyer's Agent
Asir Shahim
EXP Realty of California, Inc
List Price
$849,000
Sold Price
$820,000
Premium/Discount to List
-$29,000
-3.42%
Views
104
Current Estimated Value
$832,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,231
Avg. Annual Appreciation
0.71%
Original Mortgage
$325,000
Outstanding Balance
$319,470
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$512,761

Purchase Details

Closed on
Nov 17, 2021
Sold by
Vashisht Sai Omkar and Kapila Neha
Bought by
Kapila Properties Llc

Purchase Details

Listed on
May 24, 2021
Closed on
Jul 13, 2021
Sold by
Dole Matthew and Dole Anne Marie
Bought by
Vashisht Sai Omkar and Kapila Neha
Seller's Agent
Richard Vande Pol
Vande Pol Realty
Buyer's Agent
Jaswinder Singh
Tinetti Realty
List Price
$595,000
Sold Price
$715,000
Premium/Discount to List
$120,000
20.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.47%
Original Mortgage
$486,200
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2020
Sold by
Dole Anne Marie and Dole Matthew
Bought by
Dole Matthew and Dole Anne Marie

Purchase Details

Closed on
Mar 7, 2018
Sold by
Dole Matthew and Dole Anne Marie
Bought by
Dole Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2017
Sold by
Tang Ying Li and Wu Man Yun
Bought by
Doel Matthew and Doel Anne Marie

Purchase Details

Closed on
May 11, 2017
Sold by
Yang Ying Li and Wu Man Yun
Bought by
Yang Ying Li and Wu Man Yu

Purchase Details

Closed on
Nov 10, 2010
Sold by
Alpine Townhouse Apartments Llc
Bought by
Yang Ying Li and Wu Man Yun

Purchase Details

Closed on
May 30, 2001
Sold by
Watson Richard L and Watson Susan M
Bought by
Alpine Townhouse Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,505,000
Interest Rate
7.15%

Purchase Details

Closed on
Oct 5, 2000
Sold by
C H Skiles Inc
Bought by
Alpine Townhouse Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
8.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 1998
Sold by
Skiles Clarence H and Skiles Darwin L
Bought by
C H Skiles Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
6.54%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 5, 1998
Sold by
Dosanjh Kulwinder S and Dosanjh Simarjit K
Bought by
Skiles Clarence H and Skiles Darwin L

Purchase Details

Closed on
Oct 28, 1993
Sold by
Sterling Svgs Assn
Bought by
Sierra Medical Enterprises Inc
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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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
Azimi Ali $820,000 Cornerstone Title
Kapila Properties Llc -- None Available
Vashisht Sai Omkar $715,000 Chicago Title Company
Dole Matthew -- None Available
Dole Matthew -- Chicago Title Co
Doel Matthew $325,000 Old Republic Title Co
Yang Ying Li -- None Available
Yang Ying Li $190,000 Chicago Title Company
Alpine Townhouse Apartments Llc $1,218,500 First American Title Ins Co
Alpine Townhouse Apartments Llc $280,000 First American Title Ins Co
C H Skiles Inc $273,000 Stewart Title
Skiles Clarence H $60,614 --
Sierra Medical Enterprises Inc $1,600,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Azimi Ali $325,000
Previous Owner Vashisht Sai Omkar $486,200
Previous Owner Dole Matthew $227,500
Previous Owner Alpine Townhouse Apartments Llc $1,505,000
Previous Owner Alpine Townhouse Apartments Llc $275,000
Previous Owner C H Skiles Inc $51,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2023 11/30/23 Sold $820,000 +2.6% $228 / Sq Ft
11/04/2023 11/04/23 Pending -- -- --
10/16/2023 10/16/23 Price Changed $799,000 -5.9% $222 / Sq Ft
09/18/2023 09/18/23 For Sale $849,000 +18.7% $236 / Sq Ft
07/16/2021 07/16/21 Sold $715,000 +20.2% $198 / Sq Ft View Prior Sale
05/30/2021 05/30/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $595,000 -- $165 / 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 $9,242 $836,400 $239,700 $596,700
2024 $9,076 $820,000 $235,000 $585,000
2023 $8,077 $729,300 $163,200 $566,100
2022 $7,750 $715,000 $160,000 $555,000
2021 $3,711 $341,632 $115,629 $226,003
2020 $3,657 $338,130 $114,444 $223,686
2019 $3,590 $331,500 $112,200 $219,300
2018 $3,520 $325,000 $110,000 $215,000
2017 $2,262 $209,739 $33,115 $176,624
2016 $2,249 $205,627 $32,466 $173,161
2015 $2,216 $202,539 $31,979 $170,560
2014 $2,208 $198,572 $31,353 $167,219
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Team Russ Homes

    Coldwell Banker Realty

  • Jessica Alves

    Seller Co-Listing Agent in 2023

    Jessica Alves

    Coldwell Banker Realty

    (209) 202-4675

    2 in this area

    35 Total Sales

    Jessica Alves
    Section Image
  • Asir Shahim

    Buyer's Agent in 2023

    Asir Shahim

    EXP Realty of California, Inc

    (510) 453-4599

    2 in this area

    33 Total Sales

    Asir Shahim
    Section Image
  • Richard Vande Pol

    Seller's Agent in 2021

    Richard Vande Pol

    Vande Pol Realty

    (209) 988-2044

    9 in this area

    144 Total Sales

    Richard Vande Pol
    Section Image
  • Jaswinder Singh

    Buyer's Agent in 2021

    Jaswinder Singh

    Tinetti Realty

    (209) 205-8979

    1 in this area

    42 Total Sales

    Jaswinder Singh
    Section Image
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Map

Source: MLSListings

MLS Number: ML81942315

MLSListings

APN: 065-14-09

California Stanislaus County Modesto 95355 Northeast Modesto

1317 E Rumble Rd, Modesto, CA

Not Listed for Sale

MultiFamily

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