NOT LISTED FOR SALE

1338 Melrose Ave Modesto, CA 95350

Central Modesto Neighborhood

Estimated Value: $507,000 - $512,028

4 Beds
2 Baths
2,330 Sq Ft
$219/Sq Ft Est. Value

Last Sold April 23, 2024

Last sale price $515,000 $221 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,181/month

103 Days on Market

Highlights

  • Window or Skylight in Bathroom
  • Quartz Countertops
  • Subterranean Parking
  • Great Room
  • No HOA
  • 4-minute walk to Sutter Park

About This Home

As of April 2024

This is the income producing property you have been waiting for! Two homes on one lot and each home has new: Flooring, paint, kitchen, bathroom, HVAC, and updated electrical. This home is ready now to make money, move in one and rent out the other. Located minutes from hwy 99, shopping centers, restaurants, parks, hospitals and vibrant downtown Modesto. Not to mention a huge lot with room for an ADU.

Last Agent to Sell the Property

Shanae Clay

Barrios Realty Consultants License #02122386 Listed on: 01/11/2024

Last Buyer's Agent

Angeles Lomeli

Lifestyle Realty License #01960811

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 8,699 Sq Ft Lot
  • Zoning described as R2

Parking

  • 1 Car Attached Garage
  • Front Facing Garage

Home Design

  • Raised Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2,330 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Brick Fireplace
  • Great Room
  • Combination Dining and Living Room
  • Quartz Countertops

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Separate Shower
  • Window or Skylight in Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Water Heater

Community Details

  • No Home Owners Association
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 031-014-072-000

Home Details

Home Type

Single Family

Year Built

Built in 1950 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Subtype Description: Detached
  • Property Subtype 1: 2 Houses on Lot
  • Remodeled Updated: Yes
  • Year Built: 1950
  • Levels: One
  • Remodeled/Updated Desc: Bath 0-5YR, Kitchen 0-5YR
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplace Features: Brick, Living Room, Wood Burning
  • Fireplaces: 1
  • Flooring: Laminate, Vinyl
  • Total Bathrooms: 2
  • Bathroom Features: Shower Stall(s), Window
  • Dining Room Features: Space in Kitchen, Dining/Living Combo
  • Kitchen Features: Quartz Counter
  • Living Room Features: Great Room
  • Main Level: Bedroom(s), Living Room, Dining Room, Master Bedroom, Full Bath(s), Kitchen, Street Entrance
  • Price Per Square Foot: 221.03
  • Square Footage: 2330.00

Exterior Features

  • Construction Materials: Frame
  • Foundation: Raised
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 515000.00
  • Lot Features: Other
  • New Construction: No
  • Pool: No
  • Roof: Composition
  • Spa: No
  • Second Unit Kitchen: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Parking Features: Attached, Garage Facing Front, Underground Parking

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: Other
  • Utilities: Public
  • Cooling: Wall Unit(s)
  • Electric: See Remarks, Other
  • Heating: Fireplace(s), Wall Furnace
  • Laundry Features: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R2
  • Irrigation: None
  • Lot Size Acres: 0.1997
  • Lot Size Sq Ft: 8699.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Type: Net

Multi Family

  • Unit 2 Partial Bathrooms: 0
  • Unit 2 Description: 2bd 1ba
  • Unit 2 Occupied: No
  • Unit 2 Type: Attached

Tax Info

  • Assessor Parcel Number: 031-014-072-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
Apr 19, 2024
Sold by
Wright Kimberly
Bought by
Ramirez Maria D Palomera and Sanchez Tomas P
Seller's Agent
Shanae Clay
Barrios Realty Consultants
Buyer's Agent
Angeles Lomeli
Lifestyle Realty
List Price
$515,000
Sold Price
$515,000
Views
235
Current Estimated Value
$509,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,486
Avg. Annual Appreciation
-0.64%
Original Mortgage
$386,250
Outstanding Balance
$380,479
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$129,035

Purchase Details

Listed on
Nov 23, 2022
Closed on
Apr 13, 2023
Sold by
Patel Jayendra
Bought by
Wright Kimberly
Seller's Agent
Jose Ojeda
eXp Realty of California Inc.
Buyer's Agent
Shanae Clay
Barrios Realty Consultants
List Price
$499,000
Sold Price
$486,000
Premium/Discount to List
-$13,000
-2.61%
Views
126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.17%
Original Mortgage
$364,500
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 23, 2022
Closed on
Feb 24, 2023
Sold by
Patel Jayendra
Bought by
Wright Kimberly
Seller's Agent
Jose Ojeda
eXp Realty of California Inc.
Buyer's Agent
Shanae Clay
Barrios Realty Consultants
List Price
$499,000
Sold Price
$486,000
Premium/Discount to List
-$13,000
-2.61%
Views
126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,500
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 7, 2021
Closed on
Apr 30, 2021
Sold by
Parrera Mercedes Soloman
Bought by
Parrera Small Marina and Parrera David Joshua
Seller's Agent
Jagar Singh
Century 21 Select Real Estate
Buyer's Agent
Kendra Quadra
HomeSmart PV & Associates
List Price
$275,000
Sold Price
$290,000
Premium/Discount to List
$15,000
5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.60%

Purchase Details

Listed on
Apr 7, 2021
Closed on
Apr 29, 2021
Sold by
Small Marina Parrera and Parrera Joshua David
Bought by
Patel Jayendra
Seller's Agent
Jagar Singh
Century 21 Select Real Estate
Buyer's Agent
Kendra Quadra
HomeSmart PV & Associates
List Price
$275,000
Sold Price
$290,000
Premium/Discount to List
$15,000
5.45%

Purchase Details

Closed on
Jul 31, 2002
Sold by
Parrera Francisco and Parrera Mercedes
Bought by
Parrera Francisco Baluyot and Parrera Mercedes Solomon

Purchase Details

Closed on
Apr 12, 2002
Sold by
Parrera Francisco Baluyot and Parrera Mercedes Solomon
Bought by
Parrera Francisco and Parrera Mercedes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,550
Interest Rate
6.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 9, 1997
Sold by
Solomon Parrera Francisco B and Solomon Mercedes
Bought by
Parrera Francisco Baluyot and Parrera Mercedes Solomon
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
Ramirez Maria D Palomera $515,000 First American Title
Wright Kimberly -- Chicago Title
Wright Kimberly $486,000 Chicago Title
Parrera Small Marina -- --
Parrera Family Living Trust -- --
Patel Jayendra $290,000 Chicago Title Company
Parrera Francisco Baluyot -- Fidelity National Title
Parrera Francisco -- First American Title Ins Co
Parrera Francisco Baluyot -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Maria D Palomera $386,250
Previous Owner Wright Kimberly $364,500
Previous Owner Parrera Francisco $57,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/23/2024 04/23/24 Sold $515,000 0.0% $221 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
02/10/2024 02/10/24 Off Market $515,000 -- --
02/02/2024 02/02/24 Price Changed $515,000 0.0% $221 / Sq Ft
02/02/2024 02/02/24 For Sale $515,000 0.0% $221 / Sq Ft
01/30/2024 01/30/24 Off Market $515,000 -- --
01/11/2024 01/11/24 For Sale $530,000 +9.1% $227 / Sq Ft
02/28/2023 02/28/23 Sold $486,000 -2.6% $209 / Sq Ft View Prior Sale
01/14/2023 01/14/23 Pending -- -- --
11/23/2022 11/23/22 For Sale $499,000 +72.1% $214 / Sq Ft
04/30/2021 04/30/21 Sold $290,000 +5.5% $147 / Sq Ft View Prior Sale
04/13/2021 04/13/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $275,000 -- $140 / 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
2025 $6,143 $525,300 $232,560 $292,740
2024 $5,648 $495,720 $219,300 $276,420
2023 $3,455 $301,716 $93,636 $208,080
2022 $3,371 $295,800 $91,800 $204,000
2021 $1,808 $165,402 $46,795 $118,607
2020 $1,844 $163,707 $46,316 $117,391
2019 $1,801 $160,498 $45,408 $115,090
2018 $1,715 $157,352 $44,518 $112,834
2017 $1,674 $154,268 $43,646 $110,622
2016 $1,642 $151,244 $42,791 $108,453
2015 $1,620 $148,973 $42,149 $106,824
2014 $1,529 $140,000 $56,500 $83,500
Source: Public Records

Agents Affiliated with this Home

  • Shanae Clay

    Seller's Agent in 2024

    Shanae Clay

    Barrios Realty Consultants

    (209) 799-6635

    2 in this area

    6 Total Sales

    Shanae Clay
    Section Image
  • Angeles Lomeli

    Buyer's Agent in 2024

    Angeles Lomeli

    Lifestyle Realty

    (408) 841-1722

    3 in this area

    117 Total Sales

    Angeles Lomeli
    Section Image
  • Jose Ojeda

    Seller's Agent in 2023

    Jose Ojeda

    eXp Realty of California Inc.

    (209) 398-0298

    5 in this area

    235 Total Sales

    Jose Ojeda
    Section Image
  • Jagar Singh

    Seller's Agent in 2021

    Jagar Singh

    Century 21 Select Real Estate

    (209) 499-7611

    3 in this area

    18 Total Sales

    Jagar Singh
    Section Image

  • K

    Buyer's Agent in 2021

    Kendra Quadra

    HomeSmart PV & Associates

    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 224003106

MetroList

APN: 031-14-72

California Stanislaus County Modesto 95350 Central Modesto

1338 Melrose Ave, Modesto, CA

Not Listed for Sale

Detached

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