NOT LISTED FOR SALE

1401 Melrose Ave Modesto, CA 95350

Central Modesto Neighborhood

Estimated Value: $353,000 - $388,000

3 Beds
2 Baths
1,744 Sq Ft
$211/Sq Ft Est. Value

Last Sold January 07, 2020

Last sale price $259,000 $149 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,199/month

395 Days on Market

Highlights

  • Traditional Architecture
  • 1 Car Garage
  • 1-Story Property
  • No HOA

About This Home

As of January 2020

Duplex Fully Rented At the Corner of Orangeburg and Melrose

Last Agent to Sell the Property

Derik Dami

PMZ Commercial Real Estate License #01119468 Listed on: 10/09/2018

PMZ Commercial Real Estate

Last Buyer's Agent

Victoria Duenas

J.Peter Realtors License #02020369

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,787

Year Built

  • Built in 1930

Lot Details

  • 6,791

Parking

  • 1 Car Garage
  • 1 Open Parking Space

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof

Additional Features

  • 1-Story Property
  • 6,791 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 2 Units
  • Coolidge Colony Subdivision

Listing and Financial Details

  • Security Deposit $1,350
  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 031-006-047-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,787

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1930
  • Architectural Style: Traditional
  • Stories: 1
  • Subdivision: Coolidge Colony
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Range,Free Standing Gas Range,Free Standing Refrigerator,Gas Water Heater
  • Flooring: Carpet,Laminate

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,Seller Property Questionnaire,Transfer Disclosure Statement
  • Listing Price: 259900.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Garage
  • Total Parking Spaces: 2

Utilities

  • Cooling: Ceiling Fan(s),Window Unit(s),Other
  • Heating: Wall Furnace,Varies by Unit

Condo/Co-op/Association

  • Association Features: Public Trans Nearby,Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Mlt Fam Dw
  • Lot Size Acres: 0.1559
  • Lot Size Sq Ft: 6791

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total Deposit: 1350

Multi Family

  • Income Includes: Rent Only
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 031-006-047-000
  • Current RE Taxes: 1787
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2021
Sold by
Edwin Manning
Bought by
Edwin Manning Trust
Current Estimated Value
$367,990

Purchase Details

Listed on
Oct 9, 2018
Closed on
Dec 30, 2019
Sold by
Railsback Kathryn Mae and 2014 Carnahan Family Trust
Bought by
Manning Edwin
Seller's Agent
Derik Dami
PMZ Commercial Real Estate
Buyer's Agent
Victoria Duenas
J.Peter Realtors
List Price
$289,800
Sold Price
$259,000
Premium/Discount to List
-$30,800
-10.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.03%
Original Mortgage
$220,150
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2014
Sold by
Bays Carnahan Edna M and Edna M Bays Carnahan Living Tr
Bought by
2014 Carnahan Family Trust

Purchase Details

Closed on
May 18, 2004
Sold by
Bays Carnahan Edna M and Bays Edna M
Bought by
Bays Carnahan Edna M and Edna M Bays Carnahan Living Tr

Purchase Details

Closed on
May 18, 1999
Sold by
Morgan Suny
Bought by
Bays Thomas F and Bays Edna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
6.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 1997
Sold by
Louise Rogers William John and Louise Roberta
Bought by
Morgan Suny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,900
Interest Rate
7.86%

Purchase Details

Closed on
Aug 11, 1994
Sold by
Rogers William John and Rogers William
Bought by
Rogers William John and Rogers Roberta Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.65%
Mortgage Type
Commercial
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
Edwin Manning Trust -- Advance Planning
Manning Edwin $259,000 Cypress Title Corporation
2014 Carnahan Family Trust -- None Available
Bays Carnahan Edna M -- --
Bays Thomas F $67,500 Fidelity National Title Co
Morgan Suny $77,000 Fidelity National Title
Rogers William John -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Manning Edwin $220,150
Previous Owner Bays Thomas F $54,000
Previous Owner Morgan Suny $53,900
Previous Owner Rogers William John $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2020 01/07/20 Sold $259,000 0.0% $149 / Sq Ft
12/31/2019 12/31/19 Off Market $259,000 -- --
11/08/2019 11/08/19 Pending -- -- --
10/17/2019 10/17/19 Price Changed $259,900 -10.3% $149 / Sq Ft
10/12/2019 10/12/19 For Sale $289,800 +11.9% $166 / Sq Ft
10/10/2019 10/10/19 Off Market $259,000 -- --
09/24/2019 09/24/19 Price Changed $289,800 -3.0% $166 / Sq Ft
09/13/2019 09/13/19 Price Changed $298,800 -3.6% $171 / Sq Ft
09/03/2019 09/03/19 Price Changed $310,000 -1.6% $178 / Sq Ft
08/21/2019 08/21/19 For Sale $315,000 0.0% $181 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
07/30/2019 07/30/19 Price Changed $315,000 -3.3% $181 / Sq Ft
06/05/2019 06/05/19 Price Changed $325,800 -3.0% $187 / Sq Ft
05/23/2019 05/23/19 Price Changed $335,800 -1.5% $193 / Sq Ft
05/07/2019 05/07/19 Price Changed $340,800 -1.4% $195 / Sq Ft
11/29/2018 11/29/18 Price Changed $345,800 -1.4% $198 / Sq Ft
10/09/2018 10/09/18 For Sale $350,800 -- $201 / 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 $3,312 $283,249 $66,162 $217,087
2024 $3,164 $277,696 $64,865 $212,831
2023 $3,117 $272,252 $63,594 $208,658
2022 $3,042 $266,915 $62,348 $204,567
2021 $2,861 $261,682 $61,126 $200,556
2020 $1,090 $96,745 $36,547 $60,198
2019 $1,065 $94,849 $35,831 $59,018
2018 $1,013 $92,990 $35,129 $57,861
2017 $989 $91,168 $34,441 $56,727
2016 $970 $89,381 $33,766 $55,615
2015 $957 $88,039 $33,259 $54,780
2014 -- $86,315 $32,608 $53,707
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Derik Dami

    PMZ Commercial Real Estate

    Section Image
  • Victoria Duenas

    Buyer's Agent in 2020

    Victoria Duenas

    J.Peter Realtors

    (209) 581-3408

    6 in this area

    45 Total Sales

    Victoria Duenas
    Section Image
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Map

Source: MetroList

MLS Number: 18068045

MetroList

APN: 031-06-47

California Stanislaus County Modesto 95350 Central Modesto

1401 Melrose Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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