NOT LISTED FOR SALE

1921 Scenic Dr Modesto, CA 95355

Northeast Modesto Neighborhood

Estimated Value: $781,522 - $1,085,000

8 Beds
8 Baths
5,529 Sq Ft
$169/Sq Ft Est. Value

Last Sold September 19, 2023

Last sale price $1,575,000 $285 Per Sq Ft

Est. 41% decrease in value since last sale

Current estimated payment $5,564/month

92 Days on Market

Highlights

  • Vaulted Ceiling
  • Skylights
  • Bungalow
  • No HOA
  • 2 Car Attached Garage
  • Tile Flooring

About This Home

As of September 2023

Welcome to 1917-1921 Scenic Dr. located in Modesto. This 7-unit property is a rare find, comprised of a 4plex, a duplex, and a single-family home. The units sit on 2 separate parcels, qualifying them to be financed separately using conventional financing, no commercial loan needed! This property has been meticulously maintained, the property is super clean and turn key. The 4-plex units are as follows A: 2bed 2bath 1,128Sqft. B: 2bed 2 bath 1,260SqFt. C: 2bed 2 bath 1,260SqFt D: 1bed 1bath 606SqFt. The Duplex units are, A: 2beds 2 baths 1,172SqFt. and B: 2beds 2baths 1,122SqFt. The home is 2beds 2baths and 1,837SqFt. All 7 units have their own spacious 2 car garage, washer dryer hook ups, 5 with fireplace's. 6 units have had their HVAC units replaced in the last few years. Updates to the property and units vary, including new windows and sliding doors, new paint, updated flooring, cabinets, and gutters. There is a common area for residents to use the pool area to relax & enjoy. The property is conveniently located in the heart of Modesto, close to Community Hospital, Sutter Hospital, Gallo Winery, Modesto Air Port, shopping, restaurant's, Dry Creek Park/Trial, & schools. Amazing cash flow potential over the next 5 years & beyond.

Last Agent to Sell the Property

Eric Hummel

HomeSmart PV & Associates License #01900317 Listed on: 05/15/2023

HomeSmart PV & Associates

Last Buyer's Agent

Pauline David

Intero Real Estate Services License #01320672

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,363

Year Built

  • Built in 1978

Lot Details

  • 9,975 Sq Ft Lot
  • Landscaped

Parking

  • 2 Car Attached Garage
  • Inside Entrance
  • Garage Door Opener
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Shingle Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights

Kitchen

  • Free-Standing Electric Oven
  • Gas Cooktop
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Vinyl

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tenant pays for cable TV, rent only, electricity, gas
  • Assessor Parcel Number 032-019-072-000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • 7 Units Leased Month-To-Month
  • Insurance Expense $4,502
  • Maintenance Expense $7,200
  • Net Operating Income $85,845

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,363

Year Built

Built in 1978

Lot Details

9,975 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 1978
  • Architectural Style: Bungalow
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Cook Top, Gas Water Heater, Dishwasher, Varies By Unit, Free Standing Electric Oven
  • Interior Amenities: Vaulted Ceiling(s), Skylight(s)
  • Flooring: Carpet, Tile, Vinyl, Varies by Unit
  • Price Per Square Foot: 370.50

Exterior Features

  • Construction Materials: Brick, Shingle Siding, Stucco, Wood
  • Foundation: Slab
  • Listing Price: 1675000.00
  • Lot Features: Curbs/Gutters, Sidewalk, Landscape Front
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Attached, Off Street, Street, Garage, Garage Door Opener, Interior Access
  • Total Parking Spaces: 14.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector, Varies By Unit
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected, City, Electric, Internet Available
  • Cooling: Ceiling Fan(s), Central
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Water Source: Public
  • Separate Meters: Electricity,Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R2 R4
  • Irrigation: None
  • Lot Size Acres: 0.2290
  • Lot Size Sq Ft: 9975.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Rent Only, Electricity, Gas
  • Lease Term: Month To Month
  • Total # Leasable: 7

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks, Other
  • Insurance Expense: 4502
  • Maintenance Expense: 7200
  • Number of Leased Units: 7
  • Number of Month to Month Units: 7
  • Number of Units: 7
  • Units Furnished: None
  • One Bedrooms Occupied: 1
  • Two Bedrooms Occupied: 6

Tax Info

  • Assessor Parcel Number: 032-019-072-000
  • Current RE Taxes: 12363
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Sep 1, 2023
Sold by
King Palm Place Llc
Bought by
Alsane Laith
Seller's Agent
Eric Hummel
HomeSmart PV & Associates
Buyer's Agent
Pauline David
Intero Real Estate Services
List Price
$1,999,999
Sold Price
$1,575,000
Premium/Discount to List
-$424,999
-21.25%
Views
489
Current Estimated Value
$933,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$641,739
Avg. Annual Appreciation
-19.16%
Original Mortgage
$562,500
Outstanding Balance
$549,896
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$383,365

Purchase Details

Closed on
Apr 28, 2021
Sold by
Morris Anthony J and Morris Sharon R
Bought by
King Palm Place Llc

Purchase Details

Closed on
Feb 25, 2021
Sold by
Morris Anthony J and Morris Sharon R
Bought by
Morris Anthony J and Morris Sharon R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2016
Sold by
Russell Cecil C and Russell Nancy R
Bought by
The Morris Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,700
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 28, 2013
Sold by
Russell Cecil C and Russell Nancy R
Bought by
The Russell Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,400
Interest Rate
4.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 2013
Sold by
Stejskal Timomy J and Stejskal Randall S
Bought by
Russell Cecil C and Russell Nancy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,400
Interest Rate
4.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 2013
Sold by
Stejskal Dorothy M and Stejskal Living Trust
Bought by
Stejskal Dorothy M and Stejskal Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,825
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 2003
Sold by
Stejskal Dolly and Stejskal Charles
Bought by
Stejskal Charles and Stejskal Dorothy M

Purchase Details

Closed on
Jul 21, 2003
Sold by
Stejskal Charles and Stejskal Dorothy M
Bought by
Stejskal Charles and Stejskal Dolly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,193
Interest Rate
5.15%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 2003
Sold by
Stejskal Charles and Stejskal Dorothy M
Bought by
Stejskal Charles and Stejskal Dorothy M

Purchase Details

Closed on
Nov 24, 1998
Sold by
Stejskal Charles and Stejskal Dorothy
Bought by
Stejskal Charles and Stejskal Dorothy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.69%
Mortgage Type
Commercial
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
Alsane Laith $775,000 Chicago Title
King Palm Place Llc -- None Available
Morris Anthony J -- None Available
Morris Anthony J -- First American Title Company
Morris Anthony J -- First American Title Company
The Morris Family Trust $425,000 First American Title Company
The Russell Family Trust $152,000 None Available
Russell Cecil C $379,000 Chicago Title Company
Stejskal Dorothy M -- Orange Coast Title
Stejskal Charles -- --
Stejskal Charles -- Stewart Title Of Modesto
Stejskal Charles -- --
Stejskal Charles -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alsane Laith $562,500
Previous Owner Morris Anthony J $208,500
Previous Owner The Morris Family Trust $219,700
Previous Owner Russell Cecil C $227,400
Previous Owner Stejskal Dorothy M $185,825
Previous Owner Stejskal Charles $214,193
Previous Owner Stejskal Charles $189,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2023 09/19/23 Sold $1,575,000 0.0% $285 / Sq Ft
09/10/2023 09/10/23 Off Market $1,575,000 -- --
08/15/2023 08/15/23 Pending -- -- --
07/07/2023 07/07/23 Price Changed $1,675,000 -6.9% $303 / Sq Ft
06/23/2023 06/23/23 Price Changed $1,799,999 -2.7% $326 / Sq Ft
06/21/2023 06/21/23 Price Changed $1,849,999 -7.5% $335 / Sq Ft
06/21/2023 06/21/23 For Sale $1,999,999 0.0% $362 / Sq Ft
06/04/2023 06/04/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $1,999,999 -- $362 / 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 $9,244 $790,500 $108,120 $682,380
2024 $8,830 $775,000 $106,000 $669,000
2023 $5,537 $483,572 $91,023 $392,549
2022 $5,403 $474,091 $89,239 $384,852
2021 $5,082 $464,796 $87,490 $377,306
2020 $5,182 $460,031 $86,593 $373,438
2019 $5,062 $451,012 $84,896 $366,116
2018 $4,819 $442,170 $83,232 $358,938
2017 $4,704 $433,500 $81,600 $351,900
2016 $4,260 $392,466 $36,243 $356,223
2015 $4,203 $386,572 $35,699 $350,873
2014 -- $379,000 $35,000 $344,000
Source: Public Records

Agents Affiliated with this Home

  • Eric Hummel

    Seller's Agent in 2023

    Eric Hummel

    HomeSmart PV & Associates

    (209) 556-8459

    6 in this area

    75 Total Sales

    Eric Hummel
    Section Image
  • Pauline David

    Buyer's Agent in 2023

    Pauline David

    Intero Real Estate Services

    (408) 979-5900

    1 in this area

    55 Total Sales

    Pauline David
    Section Image

  • J

    Buyer Co-Listing Agent in 2023

    Jacob David

    Intero Real Estate Services

    (408) 912-0385

    1 in this area

    21 Total Sales

    Jacob David
    Section Image
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Map

Source: MetroList

MLS Number: 223042957

MetroList

APN: 032-19-73

California Stanislaus County Modesto 95355 Northeast Modesto

1921 Scenic Dr, Modesto, CA

Not Listed for Sale

MultiFamily

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