NOT LISTED FOR SALE

1725 Tully Rd Modesto, CA 95350

Estimated Value: $553,000 - $581,392

3 Beds
1 Bath
2,049 Sq Ft
$277/Sq Ft Est. Value

Last Sold February 17, 2022

Last sale price $585,000 $286 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,483/month

24 Days on Market

Highlights

  • RV or Boat Parking
  • No HOA
  • Central Heating and Cooling System
  • Wood Burning Stove
  • Guest Parking
  • Carpet

About This Home

As of February 2022

Charming 2 units plus studio with $51,000 of annual income opportunity in prime rental location near you 99 and shopping in the heart of Modesto yet quiet and private interior spaces. One unit has 8 month left on lease, the other 2 are vacant and undergoing flooring renovations plus a Studio addition is being completed by the current owner!

Last Agent to Sell the Property

Kathryn Knightsby

Kathryn Knightsby Real Estate License #01725085 Listed on: 12/11/2021

Last Buyer's Agent

Kanwal Gill

Keller Williams Realty License #02119969

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,675 Sq Ft Lot

Home Design

  • Duplex
  • Raised Foundation
  • Frame Construction

Interior Spaces

  • 2,049 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove
  • Laundry in unit

Flooring

  • Carpet
  • Linoleum
  • Vinyl

Parking

  • 4 Parking Spaces
  • Carport
  • Guest Parking
  • Open Parking
  • RV or Boat Parking

Utilities

  • Central Heating and Cooling System
  • Wall Furnace
  • 220 Volts
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Assessor Parcel Number 117-005-002-000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 1 Leased Unit
  • Net Lease
  • Insurance Expense $100

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: Duplex
  • Year Built: 1959
  • Architectural Style: Ranch
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Linoleum
  • Price Per Square Foot: 285.51
  • Square Footage: 2049.00

Exterior Features

  • Construction Materials: Frame
  • Foundation: Raised
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 579999.00
  • Lot Features: Curbs/Gutters
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Parking Features: Open, Carport, RV Storage, Detached, Guest Parking Available
  • Total Parking Spaces: 4.00

Utilities

  • Security: Other
  • Sewer: Public Sewer
  • Utilities: Cable Available, TV Antenna
  • Cooling: Central
  • Electric: 220 Volts
  • Heating: Central, Wall Furnace, Wood Stove
  • Laundry Features: In Each Unit, Varies by Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R3
  • Irrigation: Private District, Public District
  • Lot Size Acres: 0.1762
  • Lot Size Sq Ft: 7675.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Laundry","RV Storage","Storage","See Remarks"]
  • Insurance Expense: 100
  • Number of Leased Units: 1
  • Number of Units: 3

Tax Info

  • Assessor Parcel Number: 117-005-002-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2021
Closed on
Feb 11, 2022
Sold by
Proper Investments Llc
Bought by
Gill Kanwalpreet and Gill Baljit
Seller's Agent
Kathryn Knightsby
Kathryn Knightsby Real Estate
Buyer's Agent
Kanwal Gill
Keller Williams Realty
List Price
$579,999
Sold Price
$585,000
Premium/Discount to List
$5,001
0.86%
Current Estimated Value
$561,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,977
Avg. Annual Appreciation
-0.79%
Original Mortgage
$420,000
Outstanding Balance
$390,002
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$177,194

Purchase Details

Listed on
Dec 11, 2021
Closed on
Jan 18, 2022
Sold by
Babu Potluri Sridhar and Babu Sushmarani
Bought by
Proper Investments Llc
Seller's Agent
Kathryn Knightsby
Kathryn Knightsby Real Estate
Buyer's Agent
Kanwal Gill
Keller Williams Realty
List Price
$579,999
Sold Price
$585,000
Premium/Discount to List
$5,001
0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$390,002
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$177,194

Purchase Details

Closed on
May 17, 2019
Sold by
Imperishable Crown Llc
Bought by
Potluri Sridhar Babu and Yejella Sushmarani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2019
Sold by
Hoekman Joel P and Hoekman Debra S
Bought by
Imperishable Crown Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2014
Sold by
Hoekman Joel and Hoekman Debra Sue
Bought by
Joel & Debra Hoekman Revocable Living Tr

Purchase Details

Closed on
Jul 11, 2006
Sold by
Condit Ross N and Condit Susan C
Bought by
Kramer Theodore and Kramer Theresa

Purchase Details

Closed on
May 5, 2003
Sold by
Simas Linda L
Bought by
Condit Ross and Condit Susan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Gill Kanwalpreet $560,000 Chicago Title
Proper Investments Llc -- None Listed On Document
Potluri Sridhar Babu $270,000 Fidelity National Title
Imperishable Crown Llc $200,000 Fidelity National Title Co
Joel & Debra Hoekman Revocable Living Tr -- None Available
Kramer Theodore -- Alliance Title Company
Condit Ross $185,000 Stewart Title Of Modesto
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gill Kanwalpreet $420,000
Previous Owner Potluri Sridhar Babu $202,500
Previous Owner Imperishable Crown Llc $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2022 02/21/22 Off Market $585,000 -- --
02/17/2022 02/17/22 Sold $585,000 +0.9% $286 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
12/11/2021 12/11/21 For Sale $579,999 -- $283 / 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 $6,950 $594,275 $228,159 $366,116
2024 $6,638 $582,624 $223,686 $358,938
2023 $3,315 $289,491 $61,650 $227,841
2022 $3,234 $283,816 $60,442 $223,374
2021 $3,042 $278,252 $59,257 $218,995
2020 $3,102 $275,400 $58,650 $216,750
2019 $3,737 $333,000 $80,000 $253,000
2018 $3,455 $317,000 $76,000 $241,000
2017 $3,125 $288,000 $69,000 $219,000
2016 $2,844 $262,000 $62,500 $199,500
2015 $2,370 $218,000 $62,500 $155,500
2014 $2,129 $195,000 $62,500 $132,500
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kathryn Knightsby

    Kathryn Knightsby Real Estate

    Section Image
  • Kanwal Gill

    Buyer's Agent in 2022

    Kanwal Gill

    Keller Williams Realty

    (510) 432-4579

    50 Total Sales

    Kanwal Gill
    Section Image
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Map

Source: MetroList

MLS Number: 221152519

MetroList

APN: 117-05-02

California Stanislaus County Modesto 95350

1725 Tully Rd, Modesto, CA

Not Listed for Sale

MultiFamily

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