NOT LISTED FOR SALE

2224 Mather Dr Modesto, CA 95350

Estimated Value: $513,000 - $597,484

-- Bed
2 Baths
2,330 Sq Ft
$238/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $395,000 $170 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,332/month

About This Home

As of July 2018

Great investment opportunity to own a very nice duplex. Both units are three bedroom two bathroom. Each unit has a two car garage and has its own private backyard. This unit sits on a corner lot.

Last Agent to Sell the Property

Brandon Diamond

Bailey Properties License #02012205 Listed on: 05/04/2018

Last Buyer's Agent

Patrick Payan

American Residential Realty License #1262532

Property Details

Home Type

  • Multi-Family

Year Built

  • 1988

Lot Details

  • 7,902

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,330 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Additional Features

  • 7,902 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • 2,330 Sq Ft Building
  • Gross Income $25,800

Listing and Financial Details

  • Total Actual Rent $25,800

Property Details

Home Type

Multi-Family

Year Built

1988

Lot Details

0

Parking

4

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2330
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1988

Interior Features

  • Living Sq Ft: 2330
  • Stories: 2
  • Security: Fire Alarm

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1814
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7900.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7900.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.34

Multi Family

  • Utilities: Natural Gas
  • Income Annual Gross: 25800.00
  • Income Annual Rental: 25800
  • Income Gross Scheduled: 25800
  • Meters: Master Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance, Services - Sewer
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2018
Closed on
Jul 5, 2018
Sold by
Flanders Akharey Meas
Bought by
Flanders Bret R
Seller's Agent
Brandon Diamond
Bailey Properties
Buyer's Agent
Patrick Payan
American Residential Realty
List Price
$370,000
Sold Price
$395,000
Premium/Discount to List
$25,000
6.76%
Current Estimated Value
$555,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,242
Avg. Annual Appreciation
4.70%
Original Mortgage
$296,250
Outstanding Balance
$256,207
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$299,035

Purchase Details

Listed on
May 4, 2018
Closed on
Jun 27, 2018
Sold by
Bejovich Michael N
Bought by
Flanders Bret R
Seller's Agent
Brandon Diamond
Bailey Properties
Buyer's Agent
Patrick Payan
American Residential Realty
List Price
$370,000
Sold Price
$395,000
Premium/Discount to List
$25,000
6.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Outstanding Balance
$256,207
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$299,035

Purchase Details

Closed on
Jul 23, 2002
Sold by
Bejovich Debra L
Bought by
Bejovich Michael N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2000
Sold by
Mueller Julius Trs & Susan
Bought by
Bejovich Michael N and Bejovich Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
8.26%
Mortgage Type
Seller Take Back
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
Flanders Bret R -- First American Title
Flanders Bret R $395,000 First American Title Co
Bejovich Michael N -- Fidelity National Title
Bejovich Michael N $187,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flanders Bret R $296,250
Previous Owner Bejovich Michael N $150,000
Previous Owner Bejovich Michael N $122,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2018 07/27/18 Sold $395,000 +6.8% $170 / Sq Ft
05/04/2018 05/04/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $370,000 -- $159 / Sq Ft
Source: MLSListings

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 $5,080 $440,625 $139,437 $301,188
2024 $4,900 $431,986 $136,703 $295,283
2023 $4,811 $423,517 $134,023 $289,494
2022 $4,680 $415,214 $131,396 $283,818
2021 $4,423 $407,073 $128,820 $278,253
2020 $4,365 $402,900 $127,500 $275,400
2019 $4,313 $395,000 $125,000 $270,000
2018 $2,786 $253,264 $47,947 $205,317
2017 $2,721 $248,299 $47,007 $201,292
2016 $2,650 $243,432 $46,086 $197,346
2015 $2,455 $224,000 $62,500 $161,500
2014 $2,212 $200,000 $62,500 $137,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Brandon Diamond

    Bailey Properties

    Section Image

  • P

    Buyer's Agent in 2018

    Patrick Payan

    American Residential Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81704003

MLSListings

APN: 054-44-20

California Stanislaus County Modesto 95350

2224 Mather Dr, Modesto, CA

Not Listed for Sale

MultiFamily

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