NOT LISTED FOR SALE

1420 Pelton Ave Modesto, CA 95351

Estimated Value: $444,651 - $484,000

3 Beds
2 Baths
1,200 Sq Ft
$387/Sq Ft Est. Value

Last Sold February 14, 2023

Last sale price $570,000 $475 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $3,096/month

19 Days on Market

Highlights

  • Corner Lot
  • Ceiling Fan
  • 1-Story Property
  • No HOA
  • Vinyl Flooring

About This Home

As of February 2023

1420 Pelton is an attractive multifamily investment opportunity located in Modesto, CA. The triplex property has three freestanding units, each with their own cement driveway for parking, storage area and private back yards. Each of the units have been extensively remodeled with new vinyl plank flooring, paint, quartz counter tops, appliances, lighting and wall air conditioning units. The remodel was completed in late 2021. The property has a total of 2,250 total rentable square feet, situated on a single 6,534sf corner parcel (APN: 037-033-045). 1420 Pelton Ave offers a new owner with a completely remodeled turnkey investment property with zero differed maintenance, almost no management responsibility and rental upside in a tight Modesto rental market. 1420 Pelton is a 3x2 renting for $1495 1003 Sutter is a 1x1 renting for $1095 1005 Sutter is a 1x1 rented for $1095 Landlord pays W/S/G, tenant pays power/gas.

Last Agent to Sell the Property

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 01/05/2023

Last Buyer's Agent

Erika Carrasco

Intero Real Estate Services License #01740048

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,790

Year Built

  • Built in 1950

Lot Details

  • 6,874 Sq Ft Lot
  • Corner Lot

Home Design

  • Triplex
  • Raised Foundation
  • Stucco

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 037-033-045-000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Insurance Expense $2,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,790

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Triplex
  • Stories: 1
  • Year Built: 1950
  • Stories: 1
  • Number of One Bedroom Units: 2
  • Number of Three Bedroom Units: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Price Per Square Foot: 253.33

Exterior Features

  • Construction Materials: Stucco
  • Foundation: Raised
  • Listing Price: 585000.00
  • Lot Features: Corner

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 5.00

Utilities

  • Security: Varies By Unit
  • Sewer: Public Sewer
  • Utilities: City
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Varies by Unit
  • Water Source: Public
  • Utilities Expenses: 5160

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Residential
  • Irrigation: Public District
  • Lot Size Acres: 0.1578
  • Lot Size Sq Ft: 6874.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 2160
  • Number of Leased Units: 3
  • Number of Units: 3

Tax Info

  • Assessor Parcel Number: 037-033-045-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Feb 10, 2023
Sold by
Rahmat Allah Properties Llc
Bought by
Servacio Juan Ramon and Guardado Patricia Uribe
Seller's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
Buyer's Agent
Erika Carrasco
Intero Real Estate Services
List Price
$585,000
Sold Price
$570,000
Premium/Discount to List
-$15,000
-2.56%
Views
97
Current Estimated Value
$464,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$105,674
Avg. Annual Appreciation
-7.78%

Purchase Details

Listed on
Jun 9, 2021
Closed on
Jul 26, 2021
Sold by
Trejo David and Trejo Maria I
Bought by
Rahmat Allah Properties Llc
Seller's Agent
Suke Sanghera
Exit Realty Consultants
Buyer's Agent
Suke Sanghera
Exit Realty Consultants
List Price
$419,900
Sold Price
$375,000
Premium/Discount to List
-$44,900
-10.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.24%

Purchase Details

Closed on
Jul 26, 2011
Sold by
Aurora Loan Services Llc
Bought by
Trejo David and Trejo Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,250
Interest Rate
4.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2010
Sold by
Serrano Jose Gabriel and Serrano Martha
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jul 5, 2000
Sold by
Olivares Manuel and Olivares Guadalupe C
Bought by
Serrano Jose Gabriel and Serrano Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,100
Interest Rate
8.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2000
Sold by
Mellow Leonard P and Ford Mellow
Bought by
Olivares Manuel and Olivares Guadalupe C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
8.26%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 8, 1999
Sold by
Sanders Harley C
Bought by
Mellow Leonard P and Ford Mellow Gale T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
6.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 1996
Sold by
Duarte Darrell L Heirs Of and Charles Donald
Bought by
Sanders Harley C
Source: Public Records

Range of Values:

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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
Servacio Juan Ramon $570,000 Chicago Title
Rahmat Allah Properties Llc $380,000 First American Title Company
Trejo David $65,000 Lsi Title Company Ca
Aurora Loan Services Llc $55,000 Accommodation
Serrano Jose Gabriel $125,000 Fidelity National Title Co
Olivares Manuel $76,000 Stewart Title
Mellow Leonard P $72,500 Chicago Title Co
Sanders Harley C $65,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trejo David $42,250
Previous Owner Serrano Jose Gabriel $252,200
Previous Owner Serrano Jose Gabriel $58,200
Previous Owner Serrano Jose Gabriel $260,600
Previous Owner Serrano Jose Gabrial $189,000
Previous Owner Serrano Jose Gabriel $148,500
Previous Owner Serrano Jose Gabriel $120,000
Previous Owner Serrano Jose Gabriel $109,100
Previous Owner Olivares Manuel $64,000
Previous Owner Mellow Leonard P $49,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2023 04/01/23 Off Market $570,000 -- --
02/14/2023 02/14/23 Sold $570,000 -2.6% $475 / Sq Ft
01/24/2023 01/24/23 Pending -- -- --
01/05/2023 01/05/23 For Sale $585,000 +56.0% $488 / Sq Ft
08/02/2021 08/02/21 Sold $375,000 -10.7% $216 / Sq Ft
06/09/2021 06/09/21 For Sale $419,900 -- $241 / 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 $6,790 $581,400 $173,400 $408,000
2023 $4,603 $387,600 $76,500 $311,100
2022 $4,875 $380,000 $75,000 $305,000
2021 $987 $75,418 $17,403 $58,015
2020 $1,002 $74,646 $17,225 $57,421
2019 $982 $73,184 $16,888 $56,296
2018 $941 $71,750 $16,557 $55,193
2017 $923 $70,344 $16,233 $54,111
2016 $908 $68,965 $15,915 $53,050
2015 $898 $67,930 $15,676 $52,254
2014 $843 $66,600 $15,369 $51,231
Source: Public Records

Agents Affiliated with this Home

  • Andy Hodgson

    Seller's Agent in 2023

    Andy Hodgson

    Colliers Parrish Inten'l Inc.

    (209) 475-5110

    51 Total Sales

    Andy Hodgson
    Section Image
  • Erika Carrasco

    Buyer's Agent in 2023

    Erika Carrasco

    Intero Real Estate Services

    (408) 574-5056

    332 Total Sales

    Erika Carrasco
    Section Image
  • Suke Sanghera

    Seller's Agent in 2021

    Suke Sanghera

    Exit Realty Consultants

    (916) 224-3702

    32 Total Sales

    Suke Sanghera
    Section Image
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Map

Source: MetroList

MLS Number: 223000944

MetroList

APN: 037-33-45

California Stanislaus County Modesto 95351

1420 Pelton Ave, Modesto, CA

This home is located at 1420 Pelton Ave, Modesto, CA 95351 since 05 January 2023 and is currently estimated at $464,326, approximately $386 per square foot. This property was built in 1950. 1420 Pelton Ave is a home located in Stanislaus County with nearby schools including Robertson Road Elementary School, Evelyn Hanshaw Middle School, and Modesto High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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