NOT LISTED FOR SALE

1525 Scenic Dr Modesto, CA 95355

Northeast Modesto Neighborhood

Estimated Value: $760,846 - $858,000

9 Beds
5 Baths
4,083 Sq Ft
$198/Sq Ft Est. Value

Last Sold November 06, 2015

Last sale price $410,000 $100 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $4,811/month

110 Days on Market

Highlights

  • 0.54 Acre Lot
  • No HOA
  • 1-Story Property

About This Home

As of November 2015

Make the most of multiple units on a large lot. An investor dream, this property features 2 single family homes, 1 duplex and 2 apartments and is zoned R3! Units are in need of some work and updating, due to deferred maintenance. But this unique property, just moment from downtown and HWY 99 access, could be exceptional with some TLC. Do not disturb tenants. With condition unknown, a cash offer may be necessary. Seller is selling in strictly 'as-is' condition.

Last Agent to Sell the Property

Michelle Griffith

PMZ Real Estate License #01400474 Listed on: 04/13/2015

PMZ Real Estate

Last Buyer's Agent

Florence Moradkhan

PMZ Real Estate License #01458049

PMZ Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 0.54

Parking

  • 6 Car Garage
  • 1 Parking Space Included

Home Design

  • Split Level Home
  • Fixer Upper
  • Composition Roof

Additional Features

  • 1-Story Property
  • 0.54 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 034-008-012-000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Units Leased Month-To-Month
  • Insurance Expense $4,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Parking

6

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1937
  • Levels: MultiSplit
  • Stories: 1
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Varies by Unit

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,See Remarks
  • Listing Price: 500000.00
  • Patio And Porch Features: Varies by Unit
  • Property Condition: Fixer
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 6
  • Parking Features: Varies by Unit,1 Space Per Unit

Utilities

  • Cooling: Varies by Unit
  • Heating: Varies by Unit

Condo/Co-op/Association

  • Association Features: Varies By Unit,See Remarks
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R3
  • Lot Size Acres: 0.5400
  • Lot Dimensions: 168x143x169x137
  • Lot Size Sq Ft: 23522

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 6

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Insurance Expense: 4600
  • Number of Leased Units: 6
  • Number of Month to Month Units: 6
  • Number of Units: 6
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 034-008-012-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2021
Sold by
Yadegar Betsi and Yadegar Ashour
Bought by
Yadegar Properties Llc
Current Estimated Value
$809,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,955
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2020
Sold by
Yadegar Ashourban
Bought by
Yadegar Properties Llc

Purchase Details

Closed on
Jun 17, 2016
Sold by
Yadegar Ashourban and Yadegar Hanibal
Bought by
Yadegar Ashourban

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 13, 2015
Closed on
Oct 30, 2015
Sold by
Yadegar Betsi
Bought by
Yadegar Ashour
Seller's Agent
Michelle Griffith
PMZ Real Estate
Buyer's Agent
Florence Moradkhan
PMZ Real Estate
List Price
$550,000
Sold Price
$410,000
Premium/Discount to List
-$140,000
-25.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$285,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 1990
Sold by
Pratt La Mont K and Pratt Doris L
Bought by
Pratt La Mont K and Pratt Doris L
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
Yadegar Properties Llc -- Old Republic Title Company
Yadegar Properties Llc $500,000 None Available
Yadegar Ashourban $118,000 Old Republic Title Company
Yadegar Ashour -- Chicago Title Company
Yadegar Ashour $410,000 Chicago Title Company
Pratt La Mont K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yadegar Properties Llc $259,955
Previous Owner Yadegar Ashourban $295,000
Previous Owner Yadegar Ashour $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2015 11/06/15 Sold $410,000 -25.5% $100 / Sq Ft
07/31/2015 07/31/15 Pending -- -- --
04/12/2015 04/12/15 For Sale $550,000 -- $135 / Sq Ft
Source: MetroList

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 $7,290 $623,374 $131,235 $492,139
2024 $6,963 $611,152 $128,662 $482,490
2023 $6,861 $599,170 $126,140 $473,030
2022 $6,694 $587,422 $123,667 $463,755
2021 $6,297 $575,905 $121,243 $454,662
2020 $5,169 $458,949 $103,912 $355,037
2019 $5,050 $449,951 $101,875 $348,076
2018 $4,807 $441,129 $99,878 $341,251
2017 $4,693 $432,480 $97,920 $334,560
2016 $4,451 $410,000 $96,000 $314,000
2015 $1,341 $123,345 $43,393 $79,952
2014 -- $120,929 $42,543 $78,386
Source: Public Records

Agents Affiliated with this Home

  • Michelle Griffith

    Seller's Agent in 2015

    Michelle Griffith

    PMZ Real Estate

    (209) 484-1539

    8 in this area

    40 Total Sales

    Michelle Griffith
    Section Image
  • Florence Moradkhan

    Buyer's Agent in 2015

    Florence Moradkhan

    PMZ Real Estate

    (209) 527-2010

    6 Total Sales

    Florence Moradkhan
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 15022764

MetroList

APN: 034-08-12

California Stanislaus County Modesto 95355 Northeast Modesto

1525 Scenic Dr, Modesto, CA

Not Listed for Sale

MultiFamily

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