NOT LISTED FOR SALE

1425 Canal St Modesto, CA 95354

La Loma Neighborhood

Estimated Value: $762,000 - $871,099

9 Beds
6 Baths
3,285 Sq Ft
$249/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $800,000 $244 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,129/month

23 Days on Market

About This Home

As of January 2022

Rare investment opportunity! Triplex property with three stand-alone sturctures. Built in July 2019. No HOA and no shared walls. Each unit is 1095 square feet, 3 bedrooms, 2 full bathrooms with tile floors and showers. Great room layout features living room with dining space and large open kitchen with granite counter tops, gas range and dishwasher. Spacious bedrooms, walk-in closets, recessed lighting throughout. Tankless water heater, dual pane windows, private back patios, laundry hookups in each unit, gated parking and much more! Lot is zoned for an ADU on back of lot. Turn key investment opportunity - don't miss out!

Last Agent to Sell the Property

Michael LeRoy

Weeks Real Estate License #01812005 Listed on: 12/06/2021

Last Buyer's Agent

Frew Tibebu

Coldwell Banker Valley Central License #01411555

Coldwell Banker Valley Central

Property Details

Home Type

  • Apartment

Year Built

  • 2019

Lot Details

  • 7,841

Property Details

Home Type

Apartment

Year Built

2019

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments,Condominiums
  • Property Sub Type: Triplex
  • Number of Three Bedroom Units: 3
  • Architectural Style: Bungalow, Cottage
  • CapRate: 7.00
  • Directions: Yosemite to Kerr to Canal. Property on the corner.
  • Efficiency: Water Heater, Windows
  • Professional Management Expense: 400
  • Building Stories: 2
  • Special Features: None
  • Stories: 2
  • Year Built: 2019

Interior Features

  • Appliances: Free Standing Gas Oven, Free Standing Gas Range, Dishwasher, Tankless Water Heater
  • Has Basement: None
  • Price Per Square Foot: 253.24
  • Flooring: Carpet, Tile, Laminate
  • Number Of Buildings: 3
  • Stories: 2
  • Window Features: Dual Pane Full, Window Screens

Exterior Features

  • Roof: Shingle, Composition
  • Exterior Features: Fenced Yard
  • Foundation Details: Slab
  • Construction Type: Stucco, Wood
  • Disclosures: Disclosure Package Available, Transfer Disclosure Statement
  • Lot Features: Corner, Shape Irregular
  • Patio And Porch Features: Covered Patio

Garage/Parking

  • Parking Features: Street, Uncovered, Guest Parking Available
  • Total Parking Spaces: 3.00

Utilities

  • Cooling: Ceiling Fan(s), Central
  • Heating: Central
  • Electric: 220 Volts
  • Laundry Features: Laundry Closet
  • Security: Carbon Mon Detector, Smoke Detector, Unguarded Gate
  • Sewer: In & Connected
  • Utilities: Cable Available, Internet Available
  • Water Source: Water District

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Modesto City

Lot Info

  • Lot Size Sq Ft: 7841.00
  • Zoning Description: COU R-3

Rental Info

  • Total # Leasable: 3
  • Lease Term: 12 Months
  • Tenant Pays: Cable TV, Electricity, Sewer, Gas, Trash Collection, Water

Tax Info

  • Bonds/Assessments/Taxes: Unknown

Multi Family

  • Annual Gross Income: 64620
  • Income Includes: Rent Only
  • Insurance Expense: 2400
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number Of Units Vacant: 1
  • Number Of Units Furnished: None

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2021
Closed on
Jan 11, 2022
Sold by
Dailunba Worldwide 1421 Canai St Llc
Bought by
George Kifle And Genet Habte Living Trust and George Genet L
Seller's Agent
Michael LeRoy
Weeks Real Estate
Buyer's Agent
Frew Tibebu
Coldwell Banker Valley Central
List Price
$799,000
Sold Price
$800,000
Premium/Discount to List
$1,000
0.13%
Current Estimated Value
$816,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,550
Avg. Annual Appreciation
0.52%
Original Mortgage
$390,000
Outstanding Balance
$359,948
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$456,602

Purchase Details

Closed on
Jul 26, 2019
Sold by
Koo Yat Yeung
Bought by
Dailunba Worldwide 1421 Canal St Llc

Purchase Details

Closed on
Mar 28, 2018
Sold by
Iller Danniel Paul
Bought by
Koo Yat Yeung

Purchase Details

Closed on
Nov 16, 2015
Sold by
Stewardship Fund #7 Lp
Bought by
Iller Danniel Paul

Purchase Details

Closed on
Jul 29, 2011
Sold by
Lebow Patrick David
Bought by
Stewardship Fund #7 Lp

Purchase Details

Closed on
Mar 18, 1999
Sold by
Sweger Melvin O
Bought by
Sweger Linda R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,427
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 3, 1999
Sold by
Whaley Melvin F
Bought by
Lebow Patrick David and Lebow Cynthia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,427
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 4, 1998
Sold by
Sweger Linda R
Bought by
Whaley Melvin F

Purchase Details

Closed on
Oct 23, 1997
Sold by
Sweger Linda R
Bought by
Sweger Linda R and Whaley Roger O

Purchase Details

Closed on
Oct 22, 1997
Sold by
Whaley Betty 1997 Trust
Bought by
Sweger Linda R and Whaley Melvin R

Purchase Details

Closed on
Sep 13, 1997
Sold by
Betty Whaley
Bought by
Whaley Betty
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
George Kifle And Genet Habte Living Trust $800,000 Old Republic Title
Dailunba Worldwide 1421 Canal St Llc -- None Available
Koo Yat Yeung $37,000 None Available
Iller Danniel Paul $10,000 None Available
Stewardship Fund #7 Lp -- None Available
Sweger Linda R -- Fidelity National Title Co
Whaley Roger O -- Fidelity National Title Co
Lebow Patrick David $70,000 Fidelity National Title Co
Whaley Melvin F -- --
Sweger Linda R -- --
Sweger Linda R -- --
Whaley Betty -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open George Kifle And Genet Habte Living Trust $390,000
Previous Owner Lebow Patrick David $69,427
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2022 01/31/22 Sold $800,000 +0.1% $244 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
12/06/2021 12/06/21 For Sale $799,000 -- $243 / 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 $10,806 $848,965 $196,323 $652,642
2024 $10,337 $832,320 $192,474 $639,846
2023 $5,601 $416,644 $47,302 $369,342
2022 $5,462 $408,475 $46,375 $362,100
2021 $2,752 $400,466 $45,466 $355,000
2020 $2,785 $179,500 $45,000 $134,500
2019 $1,166 $37,740 $37,740 $0
2018 $589 $24,449 $24,449 $0
2017 $575 $23,970 $23,970 $0
2016 $562 $23,500 $23,500 $0
2015 $420 $10,450 $10,450 $0
2014 -- $10,246 $10,246 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael LeRoy

    Seller's Agent in 2022

    Michael LeRoy

    Weeks Real Estate

    (209) 840-1025

    3 in this area

    40 Total Sales

    Michael LeRoy
    Section Image
  • Frew Tibebu

    Buyer's Agent in 2022

    Frew Tibebu

    Coldwell Banker Valley Central

    (209) 629-3765

    1 in this area

    16 Total Sales

    Frew Tibebu
    Section Image
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Map

Source: MetroList

MLS Number: 221150841

MetroList

APN: 035-37-12

California Stanislaus County Modesto 95354 La Loma

1425 Canal St, Modesto, CA

Not Listed for Sale

MultiFamily

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