NOT LISTED FOR SALE

201 E Fairmont Ave Modesto, CA 95354

Central Modesto Neighborhood

Estimated Value: $509,711 - $622,000

6 Beds
3 Baths
-- Sq Ft
10,710 Sq Ft Lot

Last Sold March 19, 2014

Last sale price $232,500

Est. 143% increase in value since last sale

Current estimated payment $3,243/month

7 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of March 2014

This home is located at 201 E Fairmont Ave, Modesto, CA 95354 since 04 February 2014 and is currently estimated at $565,856. This property was built in 1973. 201 E Fairmont Ave is a home located in Stanislaus County with nearby schools including John Muir Elementary School, La Loma Jr High, and Thomas Downey High School.

Last Agent to Sell the Property

Grant Western

RE/MAX Executive License #01017535 Listed on: 02/04/2014

RE/MAX Executive

Co-Listed By

Stacey Boyers-Birdsong

RE/MAX Executive License #01459921

Last Buyer's Agent

Grant Western

RE/MAX Executive License #01017535 Listed on: 02/04/2014

RE/MAX Executive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 10,710 Sq Ft Lot
  • Lot Dimensions: 70

Parking

  • 4 Covered Spaces

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Fire and Smoke Detector
  • Free-Standing Electric Oven

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $1,750
  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 112-045-021-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Fairmont Tract Subdivision

Building Details

  • 2 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Triplex
  • Year Built: 1973
  • Stories: 1
  • Subdivision: Fairmont Tract
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Oven
  • Other Equipment: None
  • Flooring: See Remarks

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,See Remarks
  • Listing Price: 249000.00
  • Roof: Composition

Garage/Parking

  • Covered Parking Spaces: 4
  • Parking Features: Varies by Unit

Utilities

  • Security: Smoke Detector
  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Extra Storage,Laundry Hook-Up in Units,Public Trans Nearby,Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-2
  • Lot Size Acres: 0.2459
  • Lot Dimensions: 70 x 153
  • Lot Size Sq Ft: 10710

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total Deposit: 1750
  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 2
  • Number of Units: 3
  • Number of Vacant Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 112-045-021-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2014
Closed on
Mar 11, 2014
Sold by
Nicolodi David Wayne and The Benjamin A Brown Revocable
Bought by
The Leong 2013 Living Trust
Seller's Agent
Grant Western
RE/MAX Executive
Buyer's Agent
Grant Western
RE/MAX Executive
List Price
$249,000
Sold Price
$232,500
Premium/Discount to List
-$16,500
-6.63%
Current Estimated Value
$565,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$333,356
Avg. Annual Appreciation
7.84%
Original Mortgage
$172,500
Outstanding Balance
$129,950
Interest Rate
4.18%
Mortgage Type
Commercial
Estimated Equity
$435,906

Purchase Details

Closed on
Aug 12, 2004
Sold by
Brown Benjamin A and Brown Revocable Trust
Bought by
Sur Brown Benjamin A and Sur Benjamin A Brown Revocable

Purchase Details

Closed on
Sep 24, 2003
Sold by
Brown Benjamin A
Bought by
Brown Benjamin A and Brown Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,865
Interest Rate
5.6%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 25, 2003
Sold by
Brown Benjamin A and Brown Revocable Trust
Bought by
Brown Benjamin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,865
Interest Rate
5.6%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 21, 1999
Sold by
Brown Benjamin A and Brown Lillian M
Bought by
Brown Benjamin A and Brown Lillian M
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
The Leong 2013 Living Trust $232,500 Old Republic Title Company
Sur Brown Benjamin A -- --
Brown Benjamin A -- --
Brown Benjamin A -- Alliance Title Company
Brown Benjamin A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Leong 2013 Living Trust $172,500
Previous Owner Brown Benjamin A $86,865
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2014 03/19/14 Sold $232,500 -6.6% --
02/11/2014 02/11/14 Pending -- -- --
02/04/2014 02/04/14 For Sale $249,000 -- --
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 $3,333 $285,002 $49,029 $235,973
2024 $3,184 $279,415 $48,068 $231,347
2023 $3,137 $273,937 $47,126 $226,811
2022 $3,061 $268,566 $46,202 $222,364
2021 $2,879 $263,301 $45,297 $218,004
2020 $2,935 $260,602 $44,833 $215,769
2019 $2,868 $255,493 $43,954 $211,539
2018 $2,730 $250,485 $43,093 $207,392
2017 $2,665 $245,575 $42,249 $203,326
2016 $2,614 $240,761 $41,421 $199,340
2015 $2,578 $237,145 $40,799 $196,346
2014 $2,539 $232,500 $40,000 $192,500
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Grant Western

    RE/MAX

    Section Image

  • S

    Seller Co-Listing Agent in 2014

    Stacey Boyers-Birdsong

    RE/MAX

    Section Image
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Map

Source: MetroList

MLS Number: 14006716

MetroList

APN: 112-45-21

California Stanislaus County Modesto 95350 Central Modesto

201 E Fairmont Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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