NOT LISTED FOR SALE

148 Drake Ave Modesto, CA 95350

Central Modesto Neighborhood

Estimated Value: $404,000 - $442,000

4 Beds
2 Baths
1,350 Sq Ft
$309/Sq Ft Est. Value

Last Sold September 11, 2018

Last sale price $260,000 $193 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,541/month

6 Days on Market

Highlights

  • No HOA
  • Patio
  • 1-Story Property

About This Home

As of September 2018

DUPLEX in convenient location within easy walking distance of shopping, parks, restaurants, McHenry Village, and Doctors Hospital. 1,350 SF total. Both units feature 2 good-sized bedrooms, and 1 bathroom. Both units have dual-pane windows, washer/dryer hook-ups, and rear patio areas. The front unit at 148 Drake has a nice lawn area, and the rear unit at 150 Drake has a nice-sized fenced yard. Large driveway with plenty of parking! Public transportation nearby. Don't miss out on this opportunity!

Last Agent to Sell the Property

Chris MacDonald

Keller Williams Property Team Turlock License #01945870 Listed on: 08/09/2018

Keller Williams Property Team Turlock

Last Buyer's Agent

Roberto Martinez

eXp Realty of California Inc. License #01359657

eXp Realty of California Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,409

Year Built

  • Built in 1963

Lot Details

  • 5,401 Sq Ft Lot
  • Lot Dimensions: 60

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Composition Roof

Utilities

  • Wall Furnace
  • 220 Volts
  • Cable TV Available

Additional Features

  • 1-Story Property
  • Patio

Listing and Financial Details

  • Tenant pays for cable tv electricity gas trash collection
  • Assessor Parcel Number 031-003-029-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Quinn & Fugle Subdivision

Building Details

  • 1 Vacant Unit
  • 1 Unit Leased Month-To-Month
  • Insurance Expense $1,000
  • Operating Expense $1,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,409

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1963
  • Architectural Style: Contemporary,Ranch
  • Stories: 1
  • Subdivision: Quinn & Fugle
  • Number of Two Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Free Standing Gas Range,Gas Water Heater,Varies By Unit
  • Flooring: Carpet,Tile,Varies by Unit,Linoleum/Vinyl
  • Window Features: Dual Pane Full,Solar Screens

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Natural Hazard Disclosure Available,Rental/Lease Agmts
  • Elevation: 101
  • Listing Price: 254000.00
  • Patio And Porch Features: Uncovered Patio
  • Roof: Composition

Garage/Parking

  • Parking Features: Open,Street,1+ Space Per Unit
  • Total Parking Spaces: 4

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Utilities: Cable Available
  • Cooling: Wall Unit(s),Window Unit(s),Varies by Unit
  • Electric: 220 Volts
  • Heating: Wall Furnace
  • Utilities Expenses: 1320

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units,Patios/Balcony,Public Trans Nearby,Yard Space,Varies By Unit
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-2
  • Lot Size Acres: 0.1240
  • Lot Dimensions: 60.00 x 90.00 x 60.00 x 90.00
  • Lot Size Sq Ft: 5401

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas,Trash Collection
  • Total # Leasable: 2

Multi Family

  • Gross Income: 19200
  • Operating Expense: 1540
  • Income Includes: Rent Only
  • Insurance Expense: 1000
  • Number of Month to Month Units: 1
  • Number of Units: 2
  • Number of Vacant Units: 1
  • Units Furnished: None
  • Gross Income Multiplier: 13.230

Tax Info

  • Assessor Parcel Number: 031-003-029-000
  • Current RE Taxes: 2409

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2018
Closed on
Sep 7, 2018
Sold by
Torres Sandra L
Bought by
Cisneros Jose M
Seller's Agent
Chris MacDonald
Keller Williams Property Team Turlock
Buyer's Agent
Roberto Martinez
eXp Realty of California Inc.
List Price
$254,000
Sold Price
$260,000
Premium/Discount to List
$6,000
2.36%
Current Estimated Value
$416,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,706
Avg. Annual Appreciation
6.62%
Original Mortgage
$255,290
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 9, 2018
Closed on
Sep 5, 2018
Sold by
Martin Demain and Martin Peggy
Bought by
Cisernos Jose M
Seller's Agent
Chris MacDonald
Keller Williams Property Team Turlock
Buyer's Agent
Roberto Martinez
eXp Realty of California Inc.
List Price
$254,000
Sold Price
$260,000
Premium/Discount to List
$6,000
2.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,290
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 24, 2009
Sold by
Pryzant Martin Peggy and Pryzant Martin Peggy
Bought by
Martin Demian and Martin Peggy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
4.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2006
Sold by
Martin Demian
Bought by
Martin Peggy Pryzant

Purchase Details

Closed on
Oct 12, 2004
Sold by
Salazar Roman S
Bought by
Martin Peggy Pryzant and Peggy Pryzant Martin Living Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
4.27%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 17, 2003
Sold by
Okec Evelyn
Bought by
Salazar Roman S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 18, 2002
Sold by
Hari Rose Mary L and Hari Hira L
Bought by
Okec Evelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,125
Interest Rate
8.99%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Cisneros Jose M -- First American Title Co
Cisernos Jose M $260,000 First American Title Co
Martin Demian -- Chicago Title Company
Martin Peggy Pryzant -- First American Title Co
Martin Peggy Pryzant -- First American Title Co
Martin Peggy Pryzant $245,000 Fidelity National Title
Salazar Roman S $200,000 First American Title Co
Okec Evelyn $169,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cisneros Jose M $259,000
Closed Cisneros Jose M $255,290
Previous Owner Martin Peggy $91,000
Previous Owner Martin Demian $93,750
Previous Owner Martin Peggy Pryzant $65,000
Previous Owner Salazar Roman S $150,000
Previous Owner Okec Evelyn $120,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2018 09/11/18 Sold $260,000 +2.4% $193 / Sq Ft
08/15/2018 08/15/18 Pending -- -- --
08/09/2018 08/09/18 For Sale $254,000 -- $188 / 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 $3,240 $284,343 $65,069 $219,274
2023 $3,192 $278,769 $63,794 $214,975
2022 $3,115 $273,304 $62,544 $210,760
2021 $2,930 $267,946 $61,318 $206,628
2020 $2,987 $265,200 $60,690 $204,510
2019 $2,918 $260,000 $59,500 $200,500
2018 $2,659 $244,000 $68,000 $176,000
2017 $2,409 $222,000 $62,000 $160,000
2016 $2,193 $202,000 $56,500 $145,500
2015 $1,827 $168,000 $56,500 $111,500
2014 $1,638 $150,000 $56,500 $93,500
Source: Public Records

Agents Affiliated with this Home

  • Chris MacDonald

    Seller's Agent in 2018

    Chris MacDonald

    Keller Williams Property Team Turlock

    (209) 410-9650

    12 in this area

    61 Total Sales

    Chris MacDonald
    Section Image
  • Roberto Martinez

    Buyer's Agent in 2018

    Roberto Martinez

    eXp Realty of California Inc.

    (209) 495-6801

    1 in this area

    86 Total Sales

    Roberto Martinez
    Section Image
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Map

Source: MetroList

MLS Number: 18054844

MetroList

APN: 031-03-29

California Stanislaus County Modesto 95350 Central Modesto

148 Drake Ave, Modesto, CA

This home is located at 148 Drake Ave, Modesto, CA 95350 since 09 August 2018 and is currently estimated at $416,706, approximately $308 per square foot. This property was built in 1963. 148 Drake Ave is a home located in Stanislaus County with nearby schools including Elihu Beard Elementary School, Roosevelt Junior High School, and Thomas Downey 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.

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