NOT LISTED FOR SALE

Estimated Value: $818,925 - $840,000

8 Beds
4 Baths
3,024 Sq Ft
$274/Sq Ft Est. Value

Last Sold August 19, 2015

Last sale price $424,950 $141 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $4,818/month

10 Days on Market

Highlights

  • Contemporary Architecture
  • Patio
  • 1-Story Property
  • No HOA

About This Home

As of August 2015

Rents are low. Could be increased to $850-$875. 3 tenants are section 8. 2 are long term tenants. 3 units have wall a/c & heat. 1 unit with central heat & air. Inside laundry areas in all units. 6 covered parking spaces with storage. Each unit with backyard. Unit D has larger full sized backyard. 40 year dimensional comp roof. Photos from owner are of units when vacant. Now occupied. Quiet location at the end of long cul de sac.

Last Agent to Sell the Property

Joseph Bondi

PMZ Real Estate License #00887311 Listed on: 07/09/2015

PMZ Real Estate

Last Buyer's Agent

Michael Ferrari

JLV Realty License #01132635

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,559

Year Built

  • Built in 1969

Lot Details

  • 0.28

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Window Treatments
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Parking

  • 1 Parking Space Included
  • 6 Covered Spaces

Additional Features

  • Patio
  • 0.28 Acre Lot

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 066-019-040-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 1 Unit Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,559

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1969
  • Architectural Style: Contemporary
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal,Free Standing Gas Range
  • Flooring: Carpet,Linoleum/Vinyl
  • Window Features: Window Coverings

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 429950.00
  • Patio And Porch Features: Uncovered Patio
  • Roof: Composition

Garage/Parking

  • Covered Parking Spaces: 6
  • Parking Features: Carport,1 Space Per Unit

Utilities

  • Security: Smoke Detector
  • Cooling: Varies by Unit
  • Heating: Varies by Unit

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R3
  • Lot Size Acres: 0.2794
  • Lot Dimensions: IN OFFICE
  • Lot Size Sq Ft: 12170

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 4

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 4
  • Number of Month to Month Units: 1
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 066-019-040-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2017
Sold by
Ferrari Marlene D
Bought by
Ferrari Marlene D
Current Estimated Value
$827,975

Purchase Details

Listed on
Jul 9, 2015
Closed on
Aug 13, 2015
Sold by
Phillips Joseph and Phillips Cindy L
Bought by
Ferrari Marlene D
Seller's Agent
Joseph Bondi
PMZ Real Estate
Buyer's Agent
Michael Ferrari
JLV Realty
List Price
$429,950
Sold Price
$424,950
Premium/Discount to List
-$5,000
-1.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%

Purchase Details

Closed on
Apr 22, 2011
Sold by
Phillips Joseph and Phillips Cindy L
Bought by
Phillips Joseph and Phillips Cindy L

Purchase Details

Closed on
May 17, 2000
Sold by
Phillips Joseph L and Phillips Cindy L
Bought by
Phillips Joseph and Phillips Cindy L

Purchase Details

Closed on
Aug 5, 1998
Sold by
Jagender Singh and Jagender Jagindar K
Bought by
Phillips Joseph and Phillips Cindy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.88%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Ferrari Marlene D -- None Available
Ferrari Marlene D $425,000 Chicago Title Company
Phillips Joseph -- None Available
Phillips Joseph -- --
Phillips Joseph $140,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phillips Joseph $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2015 08/19/15 Sold $424,950 -1.2% $141 / Sq Ft
07/19/2015 07/19/15 Pending -- -- --
07/09/2015 07/09/15 For Sale $429,950 -- $142 / 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 $5,559 $503,108 $59,186 $443,922
2024 $5,459 $493,244 $58,026 $435,218
2023 $5,356 $483,574 $56,889 $426,685
2022 $5,138 $474,093 $55,774 $418,319
2021 $5,049 $464,798 $54,681 $410,117
2020 $4,976 $460,033 $54,121 $405,912
2019 $4,885 $451,013 $53,060 $397,953
2018 $4,789 $442,170 $52,020 $390,150
2017 $4,675 $433,500 $51,000 $382,500
2016 $4,648 $425,000 $50,000 $375,000
2015 $1,998 $182,610 $63,258 $119,352
2014 -- $179,034 $62,019 $117,015
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 15044936

MetroList

APN: 066-19-40