NOT LISTED FOR SALE

1509 Tully Rd Modesto, CA 95350

Estimated Value: $494,000 - $563,000

4 Beds
2 Baths
1,928 Sq Ft
$279/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $535,000 $277 Per Sq Ft

Current estimated payment $3,358/month

3 Days on Market

About This Home

As of February 2022

Great opportunity for new investors looking for an owner occupied investment duplex. Each unit has two bedrooms, one full bathroom, central HVAC, indoor laundry, quiet dual pane windows, a private fenced yard, & private garage access. Located very central to several shopping centers, restaurants, and public transit. Pest clearance and roof inspection has been done. Reports are available upon request.

Last Agent to Sell the Property

Matt Nemeth

HomeSmart PV & Associates License #01434861 Listed on: 01/13/2022

HomeSmart PV & Associates

Last Buyer's Agent

Clarence Oliveira

Century 21 Select Real Estate License #01225017

Century 21 Select Real Estate

Property Details

Home Type

  • Apartment

Year Built

  • 1957

Lot Details

  • 6,098

Parking

  • 2

Property Details

Home Type

Apartment

Year Built

1957

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • CapRate: 5.00
  • Directions: Briggsmore east to Tully south.
  • Building Stories: 1
  • Special Features: None
  • Stories: 1
  • Year Built: 1957

Interior Features

  • Appliances: Other
  • Price Per Square Foot: 277.49
  • Flooring: Tile
  • Number Of Buildings: 1
  • Stories: 1
  • Window Features: Dual Pane Full

Exterior Features

  • Roof: Composition
  • Foundation Details: Raised
  • Construction Type: Stucco
  • Disclosures: Pest Certification Available, Roof Inspection
  • Lot Features: Corner

Garage/Parking

  • Parking Features: RV Storage, Garage
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Cooling: Central
  • Heating: Central
  • Separate Meters: Electricity,Gas,Water
  • Electric: 220 Volts
  • Laundry Features: In Each Unit
  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Other
  • Utilities: Natural Gas Connected, City, Other
  • Water Source: Meter on Site

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Modesto City

Lot Info

  • Lot Size Sq Ft: 6098.00
  • Zoning Description: R3

Rental Info

  • Owner Occupied Units: 2
  • Total # Leasable: 2
  • Tenant Pays: Cable TV, Electricity, Sewer, Gas, Trash Collection, Water

Tax Info

  • Bonds/Assessments/Taxes: Unknown

Multi Family

  • Annual Gross Income: 36000
  • Income Includes: Rent Only
  • Insurance Expense: 200
  • Maintenance Expense: 557
  • Property Net Operating Income: 28800
  • Number Of Units Total: 2
  • Number Of Units Furnished: None

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2022
Closed on
Feb 8, 2022
Sold by
Betancourt Juan M and Betancourt Jenny
Bought by
Margarida Silva Reis Trust
Seller's Agent
Matt Nemeth
HomeSmart PV & Associates
Buyer's Agent
Clarence Oliveira
Century 21 Select Real Estate
List Price
$535,000
Sold Price
$535,000
Current Estimated Value
$536,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,993
Avg. Annual Appreciation
0.10%

Purchase Details

Closed on
Feb 9, 1998
Sold by
Fulton Jack and Fulton Carol
Bought by
Betancourt Juan M and Betancourt Jenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,203
Interest Rate
7.06%
Mortgage Type
FHA
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
Margarida Silva Reis Trust $535,000 Stewart Title
Betancourt Juan M $110,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Betancourt Juan M $109,203
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $535,000 0.0% $277 / Sq Ft
01/16/2022 01/16/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $535,000 -- $277 / 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 $6,639 $567,745 $228,159 $339,586
2024 $6,342 $556,614 $223,686 $332,928
2023 $6,249 $545,700 $219,300 $326,400
2022 $1,886 $165,497 $36,856 $128,641
2021 $1,774 $162,253 $36,134 $126,119
2020 $1,809 $160,590 $35,764 $124,826
2019 $1,767 $157,442 $35,063 $122,379
2018 $1,682 $154,356 $34,376 $119,980
2017 $1,642 $151,330 $33,702 $117,628
2016 $1,611 $148,364 $33,042 $115,322
2015 $1,589 $146,136 $32,546 $113,590
2014 $1,564 $143,274 $31,909 $111,365
Source: Public Records

Agents Affiliated with this Home

  • Matt Nemeth

    Seller's Agent in 2022

    Matt Nemeth

    HomeSmart PV & Associates

    (209) 595-6456

    33 Total Sales

    Matt Nemeth
    Section Image
  • Clarence Oliveira

    Buyer's Agent in 2022

    Clarence Oliveira

    Century 21 Select Real Estate

    (209) 633-1821

    298 Total Sales

    Clarence Oliveira
    Section Image
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Map

Source: MetroList

MLS Number: 222003382

MetroList

APN: 117-06-54

California Stanislaus County Modesto 95350

1509 Tully Rd, Modesto, CA

Not Listed for Sale

MultiFamily

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