NOT LISTED FOR SALE

141 Drake Ave Modesto, CA 95350

Central Modesto Neighborhood

Estimated Value: $465,646 - $477,000

5 Beds
4 Baths
2,072 Sq Ft
$227/Sq Ft Est. Value

Last Sold February 27, 2020

Last sale price $300,000 $145 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,909/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 1-Story Property
  • No HOA
  • 1 Car Garage

About This Home

As of February 2020

Great income producing property, move in ready. Unit 1 is 4 beds 2.5 baths. Unit 2 is 1 bed 1 bath.

Last Agent to Sell the Property

Eric Hummel

HomeSmart PV & Associates License #01900317 Listed on: 02/11/2020

HomeSmart PV & Associates

Last Buyer's Agent

Eric Hummel

HomeSmart PV & Associates License #01900317 Listed on: 02/11/2020

HomeSmart PV & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 8,076 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Window Treatments
  • Laminate Flooring
  • Gas Cooktop

Utilities

  • Central Heating and Cooling System
  • 220 Volts

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 031-003-011-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1946
  • Architectural Style: Traditional
  • Stories: 1
  • Number of Four Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Cook Top
  • Flooring: Laminate
  • Window Features: Window Coverings

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Natural Hazard Disclosure Available
  • Listing Price: 359900.00
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Garage

Utilities

  • Cooling: Central
  • Electric: 220 Volts
  • Heating: Central

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R2
  • Lot Size Acres: 0.1854
  • Lot Size Sq Ft: 8076

Rental Info

  • Tenant Pays: Electricity
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Units: 2
  • Number of Vacant Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 031-003-011-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2022
Sold by
Gutierrez Viridiana
Bought by
Vg Trust
Current Estimated Value
$471,323

Purchase Details

Closed on
Jul 7, 2021
Sold by
Cimoli Kimberly and Cimoli Michael
Bought by
Gutierrez Viridiana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 11, 2020
Closed on
Feb 25, 2020
Sold by
Hays Judy Dolores and Hays Family Trust
Bought by
Cimoli Kimberley and Cimoli Michael
Seller's Agent
Eric Hummel
HomeSmart PV & Associates
Buyer's Agent
Eric Hummel
HomeSmart PV & Associates
List Price
$359,900
Sold Price
$300,000
Premium/Discount to List
-$59,900
-16.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.07%
Original Mortgage
$200,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 11, 2020
Closed on
Feb 20, 2020
Sold by
Cimoli Marisela
Bought by
Cimoli Michael
Seller's Agent
Eric Hummel
HomeSmart PV & Associates
Buyer's Agent
Eric Hummel
HomeSmart PV & Associates
List Price
$359,900
Sold Price
$300,000
Premium/Discount to List
-$59,900
-16.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 2002
Sold by
Hays Judy Dolores Jean
Bought by
Hays Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 9, 2001
Sold by
Hays Judy Dolores J
Bought by
Hays Family Trust

Purchase Details

Closed on
Sep 11, 1998
Sold by
Judy Gordon P
Bought by
Hays Judy Dolores J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,828
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 25, 1998
Sold by
Hays Judy Dolores J
Bought by
Judy Gordon P and Hays Judy Dolores J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,828
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 7, 1997
Sold by
Judy Gordon P
Bought by
Hays Judy Dolores J

Purchase Details

Closed on
Sep 17, 1996
Sold by
Jean Guaraglia Donna J and Jean Donna
Bought by
Hays Judy Gordon Paul and Hays Judy Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,625
Interest Rate
8.14%
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
Vg Trust -- --
Gutierrez Viridiana $425,000 First American Title Company
Cimoli Kimberley $300,000 Chicago Title Company
Cimoli Michael -- Chicago Title Company
Hays Family Trust -- --
Hays Judy Dolores Jean -- Fidelity National Title
Hays Family Trust -- --
Hays Judy Dolores J -- --
Judy Gordon P -- Stewart Title
Hays Judy Dolores J -- --
Hays Judy Gordon Paul $54,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gutierrez Viridiana $340,000
Previous Owner Cimoli Kimberley $200,000
Previous Owner Hays Judy Dolores Jean $165,000
Previous Owner Judy Gordon P $82,828
Previous Owner Hays Judy Gordon Paul $82,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2020 02/27/20 Sold $300,000 -16.6% $145 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
02/11/2020 02/11/20 For Sale $359,900 -- $174 / 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 $5,274 $451,013 $159,181 $291,832
2024 $5,038 $442,170 $156,060 $286,110
2023 $4,964 $433,500 $153,000 $280,500
2022 $4,843 $425,000 $150,000 $275,000
2021 $3,314 $303,108 $75,777 $227,331
2020 $1,277 $113,388 $52,115 $61,273
2019 $1,248 $111,166 $51,094 $60,072
2018 $1,188 $108,988 $50,093 $58,895
2017 $1,159 $106,852 $49,111 $57,741
2016 $1,137 $104,758 $48,149 $56,609
2015 $1,122 $103,185 $47,426 $55,759
2014 $1,105 $101,164 $46,497 $54,667
Source: Public Records

Agents Affiliated with this Home

  • Eric Hummel

    Seller's Agent in 2020

    Eric Hummel

    HomeSmart PV & Associates

    (209) 556-8459

    7 in this area

    76 Total Sales

    Eric Hummel
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Map

Source: MetroList

MLS Number: 20008299

MetroList

APN: 031-03-11

California Stanislaus County Modesto 95350 Central Modesto

141 Drake Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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