NOT LISTED FOR SALE

1727 Tully Rd Modesto, CA 95350

Estimated Value: $579,866

4 Beds
2 Baths
2,048 Sq Ft
$283/Sq Ft Est. Value

Last Sold June 26, 2019

Last sale price $270,000 $132 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $3,608/month

8 Days on Market

Highlights

  • No HOA
  • Central Heating
  • 1-Story Property

About This Home

As of June 2019

Fantastic opportunity to own a great rental priced right! This duplex features two large units over 1,000 sq ft each. The units are currently rented to long term tenants and in good condition. Property has dual pane windows installed. Great visible location - easy to keep rented. Carport parking on the side and rear of the property.

Last Agent to Sell the Property

Matthew Garabedian

Royal Realty License #01842596 Listed on: 05/06/2019

Last Buyer's Agent

Matthew Garabedian

Royal Realty License #01842596 Listed on: 05/06/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,675

Parking

  • 1 Parking Space Included

Home Design

  • Duplex
  • Composition Roof

Utilities

  • Window Unit Cooling System
  • Central Heating

Additional Features

  • 1-Story Property
  • 7,675 Sq Ft Lot

Listing and Financial Details

  • Security Deposit $1,500
  • Tenant pays for electricity rent only
  • Assessor Parcel Number 117-005-002-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings

Building Details

  • 2 Leased Units
  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1959
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: See Remarks
  • Other Equipment: None
  • Flooring: Carpet,Tile

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: None
  • Listing Price: 275000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Carport,1 Space Per Unit

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Central
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units,Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Multi Family Dwelling
  • Lot Size Acres: 0.1762
  • Lot Size Sq Ft: 7675

Rental Info

  • Tenant Pays: Electricity,Rent Only
  • Total Deposit: 1500
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: Oral,See Remarks
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Units Furnished: None

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

Closed on
Feb 11, 2022
Sold by
Proper Investments Llc
Bought by
Gill Kanwalpreet and Gill Baljit
Current Estimated Value
$579,866

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
$189,864

Purchase Details

Closed on
Jan 18, 2022
Sold by
Babu Potluri Sridhar and Babu Sushmarani
Bought by
Proper Investments Llc

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
$189,864

Purchase Details

Listed on
May 6, 2019
Closed on
May 17, 2019
Sold by
Imperishable Crown Llc
Bought by
Potluri Sridhar Babu and Yejella Sushmarani
Seller's Agent
Matthew Garabedian
Royal Realty
Buyer's Agent
Matthew Garabedian
Royal Realty
List Price
$275,000
Sold Price
$270,000
Premium/Discount to List
-$5,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.44%
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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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
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
06/26/2019 06/26/19 Sold $270,000 -1.8% $132 / Sq Ft
05/14/2019 05/14/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $275,000 -- $134 / 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

  • M

    Seller's Agent in 2019

    Matthew Garabedian

    Royal Realty

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Map

Source: MetroList

MLS Number: 19030249

MetroList

APN: 117-05-02

California Stanislaus County Modesto 95350

1727 Tully Rd, Modesto, CA

Not Listed for Sale

MultiFamily

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